Placer miners reportedly took about 450,000 ounces of gold out of two creeks in southwest Alaska. The hard-rock mine beside them managed 2,707. Tectonic Metals has been drilling the gap, and its latest hole returned 91 metres of gold and ended in mineralization. Copper in New Brunswick and a narrow silver spike in Bolivia round out the week.
Tectonic Metals Hits 12.94 g/t Gold Over 13.72 Metres at Black Creek
Tectonic Metals Inc. (TSXV: TECT; OTCQX: TETOF) reported on November 2 that hole CMR26-159 at Black Creek returned 91.44 metres grading 2.86 g/t gold, including 41.15 metres at 5.61 g/t and 13.72 metres at 12.94 g/t. The hole ended in mineralization at 114.30 metres. It was drilled by reverse circulation (RC), which brings up rock chips instead of solid core.
The rest of the batch was thin. Four holes returned mostly low-grade gold, and CMR26-157 hit nothing significant.
Black Creek sits inside the 99,840-acre Flat Gold Project, mostly on Native-owned land held by Doyon, Ltd. It has no resource estimate, and the company flags the placer and historic mine figures as unverified. Next up is drilling beneath CMR26-159, using oriented core to pin down geometry. A maiden resource at Chicken Mountain, the most advanced target, is due in Q1 2027. Assays from roughly 25,000 metres are still outstanding.
Market cap has moved between roughly C$200 million and C$300 million in recent months. It is the heavyweight here by a wide margin.
Nine Mile Metals Hits 3.33% Copper Equivalent Over 12 Metres at Wedge
Nine Mile Metals Ltd. (CSE: NINE; OTCQB: VMSXF) announced on November 5 that hole WD-26-12 at the Wedge Mine in New Brunswick’s Bathurst Mining Camp cut two zones of high-grade mineralization, including 3.33% copper equivalent over 12.0 metres and 4.40% copper equivalent over 7.0 metres with 8.35% zinc. The rock is volcanogenic massive sulfide (VMS), a seafloor-formed deposit type. A single one-metre sample ran 8.40% copper equivalent and 17.05% zinc.
The company says the intervals are true widths. So 12 metres means 12 metres of rock.
The copper equivalent math uses August 26, 2026 Kitco prices and a flat 95% recovery for all five metals. Nine Mile calls the figure comparative only. That 95% is assumed, and final metallurgy from SGS Lakefield has not landed. Wedge has no resource estimate; downhole electromagnetic surveys are now mapping its footprint. Market cap sits near US$17 million, per StockTitan.
Cartier Silver Hits 1,418.9 g/t AgEq at Gonalbert, Bolivia
Cartier Silver Corporation (CSE: CFE) disclosed on November 5 its highest-grade interval to date, 1,418.9 g/t silver equivalent over 0.77 metres in hole DGL-06 on the Gonalbert property in Potosí, southern Bolivia, made up of 632 g/t silver, 30.05% lead and 15.45% zinc. That interval is shorter than a yardstick. It sits inside 36.32 metres at 40 g/t silver equivalent.
Hole DGL-05 added 15.24 metres at 103.63 g/t silver equivalent, with tin and indium in the mix. The equivalent uses three-year average prices (silver at US$41.82) with indium left out and no recovery assumption given. Intervals are downhole lengths.
The release has a mismatch between its text and Table 1 on one DGL-04 interval. Figures here follow the table.
No resource estimate exists. Cartier is aiming for a first one in 2027 and plans to dewater the old Central Mine’s -140 and -180 levels by the end of Q2 2027. Bolivia adds jurisdiction and operating risk. Market cap estimates run from roughly C$10 million to C$15 million, small enough for thin trading to swing the stock hard. The release lists only the CSE ticker; US investors should check broker access to the OTC line, CRTIF.
Frequently Asked Questions
Not established. Tectonic frames CMR26-159 as stronger evidence of a second gold system at Flat, and the historic placer and mine figures it cites are unverified. Drilling beneath the hole, with oriented core, is the next test.
A maiden estimate for Chicken Mountain is targeted for Q1 2027, followed by a PEA in Q2 2027. Black Creek has no resource estimate.
Metallurgy. The calculation assumes 95% recovery for all five metals until the final SGS Lakefield report arrives, and the company has not given a date for it.
Dewatering the -140 and -180 levels, including a 180-metre shaft, with completion expected by the end of Q2 2027. A first resource estimate is planned for 2027.
Sources
- ValueTheMarkets / ACCESS Newswire: Tectonic Metals intersects 5.61 g/t Au over 41.15 m, including 12.94 g/t Au over 13.72 m, within 2.86 g/t Au over 91.44 m, November 2 2026
- ACCESS Newswire: Nine Mile Metals DDH WD-26-12 intersects 2 high grade VMS zones over 20m including 3.33% Cu-Eq over 12.0m, November 5 2026
- StockTitan: Nine Mile Metals hits 3.33% copper equivalent over 12m (release detail and Cu-Eq basis), November 5 2026
- Newsfile: Cartier Silver intersects highest grade interval to date of 1,418.9 g/t AgEq over 0.77m in drillhole DGL-06, Gonalbert Property, November 5 2026
Editorial Disclosure
This analysis is based entirely on publicly available information including company press releases sourced from named wire services. Securities discussed include Tectonic Metals Inc. (TSXV: TECT; OTCQX: TETOF), Nine Mile Metals Ltd. (CSE: NINE; OTCQB: VMSXF), and Cartier Silver Corporation (CSE: CFE; OTC: CRTIF). 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. Release dates verified: Tectonic Metals, November 2, 2026 (ACCESS Newswire); Nine Mile Metals, November 5, 2026 (ACCESS Newswire); Cartier Silver, November 5, 2026 (Newsfile). Tectonic Metals: results are reverse circulation drill assays reported as downhole lengths; true widths not determined; Black Creek has no mineral resource estimate; historic placer and hard-rock production figures are company-cited and unverified; market capitalization of roughly C$200 million to C$300 million is large relative to the other companies covered. Nine Mile Metals: copper equivalent uses August 26, 2026 Kitco prices and an assumed 95% recovery for all metals, not testwork-derived recoveries; intervals reported by the company as true widths; Wedge has no mineral resource estimate. Cartier Silver: silver equivalent uses three-year average prices with indium excluded and no recovery assumption stated; intervals are downhole lengths; no mineral resource estimate; the release contains a text-versus-table discrepancy on one interval; project is in Bolivia and carries jurisdiction and operating risk; market capitalization of roughly C$10 million to C$15 million implies elevated volatility and thin liquidity; the release lists the CSE ticker only, and US investors should confirm broker access to the OTC line. NI 43-101 is Canada’s national standard for public disclosure of mineral project information; none of the companies covered has published an NI 43-101 resource estimate for the zones discussed. Forward-looking commentary regarding exploration outcomes, resource estimates, and financing is opinion only. References to individual companies are for market context and analytical purposes only and do not constitute investment recommendations. These 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.
