Happy Wednesday! Pour the double-double, grab the loupe, and let's see who lit up the lab overnight.

West Point Gold punched a fat high-grade hole a quarter-kilometre down in Arizona, and the zone's still wide open. AI is now logging drill core right at the rig and beaming it off-site over Starlink.

Meanwhile gold and silver are still nursing last week's bruises and copper just slipped to a four-week low — so today the juniors are leaning on the drill bit, not the tape.

🥇 Gold (spot) — ~$4,125/oz 📉

🥈 Silver (spot) — $62.34/oz 📉

🔌 Copper — $6.24/lb 📉

☢️ Uranium (U₃O₈ spot) — ~$85/lb ➡️

🍁 TSX-V Composite — ~965 📉

💵 U.S. Dollar (DXY) — ~101 📈

Three of the big four are bleeding — gold, silver, and copper all gave ground, with copper sliding to a four-week low under $6.30/lb on cooling supply fears. A dollar parked near a one-year high keeps the pressure on metals, even as it quietly softens the drilling bills of loonie-funded juniors.

What happened. Arizona keeps coughing up grade. West Point Gold ($$WPGCF ( ▲ 1.81% )) drilled step-out hole GC26-148 more than 250 m below surface and still cut 66.2 m of 6.57 g/t gold from 219 m — including a screaming 20.7 m of 18.25 g/t, inside a broad stockwork-and-breccia complex below the Northeast Tyro Zone at its Gold Chain project.

Estimated true width: about 35 m.

The zone is still open at depth and along strike.

Why it happened. This wasn't a grassroots lottery ticket — it was a deliberate step-out chasing a known high-grade shoot deeper, and it landed.

Holes like this prove continuity, the one thing a maiden resource lives or dies on.

With gold still camped in four-figure territory, every extra high-grade metre West Point nails down is worth more ounces in the eventual model.

What it means for your position. GC26-148 is the kind of hole that actually moves a resource estimate — depth extensions on a high-grade zone are how a junior turns a drill program into a number the market can value.

West Point has 21,079 m drilled and assays from 21 more holes (about 6,550 m) still in the lab, all feeding a maiden resource estimate due later this year.

The skeptic's footnote: one fat hole is a headline, not a deposit — true widths stay an estimate until more holes box in the geometry, and a maiden resource is only as good as the ho-hum metres around the trophy intercepts.

Note too that West Point trades OTC under $WPGCF ( ▲ 1.81% ) — thin tape, so size accordingly. Watch the pending assays and the MRE, not the press-release adjectives.

👉 See the assays

Core logging has always been the choke point between turning rock and knowing what you've got. Major Drilling $MDI.TSX ( ▲ 1.71% ) , with partners KORE GeoSystems and DGI Geoscience, says it's now collapsing that wait from days to minutes — and the system is graduating from pilot to full production.

So what. The juniors that reach a mine inherit a cheaper, faster exploration curve than the generation before them — and the services names selling the sensors and software are their own pick-and-shovel play.

When you're sizing up a developer, "how fast can they turn drilling into decisions" is quietly becoming part of the bull case.

👉 Dig in

Getty Copper (TSXV: GTC) kicked off its 2026 program at the Getty North porphyry in B.C.'s Highland Valley with a long one: 342 m of 0.50% copper from just 9 m down (with 87 ppm molybdenum and 0.8 g/t silver alongside), and a second hole running 278 m of 0.38% copper. These are the first two of eight planned resource-confirmation holes in a program of up to 16,000 m.

So what. Highland Valley is real copper country — Teck's big mine sits right there — and a 342 m hit from surface is a tonnage story, the kind that pencils out when copper is structurally tight.

The caveat: 0.50% is bulk-tonnage grade, not bonanza, and these are confirmation holes — they firm up what's already thought to be there, they don't expand it.

With copper just slipping to a four-week low, the rock has to carry this one, not the price.

👉 See the details

With gold near $4,125 and silver around $62, the gold-silver ratio is sitting near 66 to 1 — it takes roughly 66 ounces of silver to buy a single ounce of gold.

The long-run average sits lower, and silver bulls love to point out that when the ratio compresses, silver tends to do the heavy lifting.

Both metals fell this week, but silver fell harder — down about 4% on the day versus gold's ~1.5% — so for now the ratio is drifting the wrong way for the silver crowd.

Keep your grades high, your dilution low. See you tomorrow. ⛏️