The S&P/TSX Venture Composite fell 3.87% last week. The CSE Composite slid 7.2%. Drill rigs didn’t notice: one hole in northern British Columbia returned a single metre at 794 grams of gold per tonne, and a lithium explorer worth under C$19 million topped the weekly gainers list.
Cambria Gold Mines Hits 794 g/t Gold Over 1 Metre at Silver Coin, BC
Cambria Gold Mines Inc. (TSXV: CAMB; OTCQX: CAMVF) reported on October 18 that hole SC26-2714 at its Silver Coin deposit cut 98.56 g/t gold over 8.2 metres, including 794.00 g/t over 1.0 metre. That one metre works out to more than 25 troy ounces of gold per tonne.
The same hole returned 4.61 g/t over 16.0 metres further down. Hole SC26-2710 added 22.62 g/t over 4.4 metres and 3.75 g/t over 20.0 metres. Estimated true widths run 68% to 97% of the reported core lengths.
This is infill drilling, tighter-spaced holes inside a known deposit, here feeding an updated resource estimate and feasibility study targeted for the first half of 2027. Silver Coin sits 5 kilometers from the Premier Mill, and its northern end was mined underground in the 1990s. Cambria wants it as early mill feed and is targeting underground development there in spring 2027. Results from more than 14,000 meters of Silver Coin drilling are still to come.
Also in the release: a paid investor-awareness deal with Native Ads Inc., worth up to US$250,000 over 12 months and still subject to TSX-V approval.
Tectonic Metals Hits 59.44 Metres of 2.41 g/t Gold at Chicken Mountain
Tectonic Metals Inc. (TSXV: TECT; OTCQX: TETOF) reported on October 15 that hole CMR26-170 at Alpha Bowl returned 2.41 g/t gold over 59.44 metres, including 11.82 g/t over 10.67 metres, inside a broader 80.77-metre interval at 1.86 g/t that starts at surface. The hole ended in gold.
At the Adit Zone, CMR26-163 returned 1.52 g/t over 42.67 metres and finished with 3.84 g/t over its last 13.72 metres.
Eighteen of the 19 holes were reverse-circulation (RC) holes, which bring up rock chips instead of solid core. True widths are unknown. Chicken Mountain has no resource estimate yet. Tectonic is targeting a maiden estimate in Q1 2027 and a Preliminary Economic Assessment (PEA) in Q2 2027, with 114 holes, about 22,000 meters, still waiting on assays.
Key members of the founding team came out of Kaminak Gold, whose Coffee project Goldcorp acquired for $520 million in 2016.
Lithium Africa Returns 2.59% Li2O Over 4 Metres at Norrabees I
Lithium Africa Corp. (TSXV: LAF; OTCQB: LTAFF) reported complete assays on October 15 from hole NB1DD26-004 at Norrabees I, on its Springbok Project in South Africa’s Northern Cape: 8.0 metres at 1.70% Li2O from 21.0 metres downhole, including 4.0 metres at 2.59%. Investing News Network ranked it the top-performing Canadian mining stock for the week ending October 16, listing its market cap at C$18.74 million.
All four holes reported so far at Norrabees I hit spodumene, the main lithium-bearing mineral in hard-rock deposits. Three of them returned high grades starting within 21 metres downhole.
Part of this hole was re-assayed after a certified reference sample in the original lab batch failed the company’s acceptance limits. The re-check came back 18% to 21% higher. True widths are not yet known.
The company is targeting spodumene concentrate output in the second half of 2027. It also states it has not completed a resource estimate or any economic study, and has not made a production decision. Mining at Norrabees I is already permitted. The planned processing plant still needs further approvals.
Frequently Asked Question
Results from more than 14,000 meters of drilling are expected over the next several weeks, per the company. They feed an updated resource estimate and feasibility study targeted for the first half of 2027.
Unknown until more holes report. CMR26-170 stopped at 80.77 metres still in mineralization, assays are pending from three holes to its east, and the Q1 2027 maiden resource estimate will be the first formal test of tonnage.
It is targeting the second half of 2027, but the company says it has not completed a resource estimate or economic study and has not made a production decision. Mining at Norrabees I is permitted; the processing plant still needs approvals.
Only Cambria’s. Its Silver Coin holes are infill work feeding an updated estimate. Tectonic’s Chicken Mountain and Lithium Africa’s Springbok Project have no resource estimate yet.
Sources
- GlobeNewswire: Cambria Gold Mines Intersects 98.56 g/t Gold over 8.2 Metres at the Silver Coin Deposit, Premier Gold Project, October 18, 2026
- ACCESS Newswire via Value The Markets: Tectonic Metals Drills 2.41 g/t Au over 59.44 metres at Alpha Bowl, Flat Gold Project, Alaska, October 15, 2026
- Lithium Africa: Lithium Africa Intersects 8.0 m at 1.70% Li2O, including 4.0 m at 2.59% Li2O, Extending High-Grade Mineralization at Norrabees I, October 15, 2026
- Investing News Network: Top 5 Canadian Mining Stocks This Week, October 16, 2026
Editorial Disclosure
Securities discussed: Cambria Gold Mines Inc. (TSXV: CAMB; OTCQX: CAMVF), Tectonic Metals Inc. (TSXV: TECT; OTCQX: TETOF), and Lithium Africa Corp. (TSXV: LAF; OTCQB: LTAFF). aktiego.com has not received any compensation from any company mentioned, their management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication. Press releases verified: Cambria, October 18, 2026 (GlobeNewswire); Tectonic, October 15, 2026 (ACCESS Newswire); Lithium Africa, October 15, 2026 (company IR page). Cambria: infill drilling feeding an updated resource estimate; intervals are core lengths, estimated true widths 68-97%; the company has disclosed a paid investor-awareness agreement with Native Ads Inc. of up to US$250,000, subject to TSX-V approval, unrelated to aktiego.com’s coverage; market cap is substantially larger than the other companies covered, with third-party data providers reporting roughly C$295 million to C$512 million. Tectonic: no resource estimate at Chicken Mountain; 18 of 19 holes reported were reverse-circulation; true widths unknown. Lithium Africa: no resource estimate, no economic study, and no production decision, per the company; part of hole NB1DD26-004 was re-assayed after a reference-standard failure, with re-check values 18-21% above the original; true widths unknown; market cap approximately C$18.74 million, carrying elevated volatility and thin liquidity; South African jurisdiction, with the planned processing plant not yet approved. Neither Tectonic nor Lithium Africa has published a mineral resource estimate under NI 43-101 (Canada’s National Instrument 43-101, the disclosure standard for mineral projects). No equivalent grades are used in this article; all results are lab-assayed drill core or RC chips. Forward-looking commentary regarding exploration outcomes, resource estimates, and production timelines is opinion only. Small cap and micro-cap stocks listed on the CSE, TSX, TSXV, and Nasdaq are speculative investments carrying significant risk including potential total loss of capital. Coverage on aktiego.com is provided for informational and educational purposes only. aktiego.com is not a registered investment advisor. Nothing in this article constitutes financial, investment, or professional advice. Readers are encouraged to conduct their own due diligence and consult a qualified financial advisor before making any investment decisions. For more information please see our full DISCLAIMER.
