Northwire Canada EditionThursday, October 15, 2026
Northwire
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Drill Results

Auriginal starts 5,200 m drill program at Roger

Auriginal Breaks Ground on Roger VMS Drill Program, But Execution Risk Looms Over Unproven Hypothesis

Executive Summary
  • Auriginal Mining Corp. has officially commenced a 5,200-metre diamond drill program at its 100% owned Roger project in Quebec.
  • The program targets extensions of historic copper-gold porphyry mineralization at approximately 500 metres depth and tests a newly interpreted volcanogenic massive sulphide (VMS) system.
  • Downhole electromagnetic (EM) surveys will be conducted in every new hole to refine vectoring toward conductive plates identified across a 1.5 km strike length.
  • A preliminary 3D model suggests mineralization thickens in a pattern consistent with a volcanic dome or cryptodome, which management posits as the heat source for VMS formation.
  • All permits are secured, site preparation is complete, and field operations are active.
Material Impact
  • The news is fully aligned with prior corporate guidance. The December 2025 announcement outlined a Phase I program of ~4,675 metres, and the January 2026 3D modeling update revised the target to ~5,154 metres for a Q1 2026 start.
  • This release confirms execution but introduces zero new geological data, assay results, or resource estimates. It is a standard operational milestone.
  • The VMS hypothesis remains entirely theoretical and relies on reinterpretation of historic geophysical and geochemical data. No drill intercepts have validated the model.
  • Given the lack of unexpected information and the routine nature of a drill commencement, the market impact is expected to be minimal. The stock is likely to remain range-bound until assay results are released.
AUME · Price
Company Overview
  • Auriginal Mining Corp. (formerly Kintavar Exploration Inc.) is a junior exploration company focused on copper and gold assets in Quebec.
  • Flagship Project: Roger Project (100% owned). Historically explored for porphyry-style Cu-Au mineralization. Management has pivoted the exploration thesis toward a gold-rich VMS system overlying the known porphyry, drawing analogies to Agnico Eagle’s LaRonde 20N deposit.
  • Secondary Asset: Anik JV (25% non-operating interest, 75% owned and operated by IAMGOLD). Located in the Nelligan Gold Camp, currently undergoing an 8-hole, 1,600-metre drill program.
  • Stage: Early-stage exploration. No defined mineral resource estimate is currently reported for the Roger project under NI 43-101.
Read the original news release →

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