Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
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 Routine +

Total Metals Executes Drill Contract for Its High-Grade High Lake Gold Project, Northwestern Ontario

Total advances its high-grade gold project with a fully funded 2,500m drill contract for the fall program.

By The Northwire Desk — AI Analysis Oct 05, 2026 · 04:46 TT · 0.26 Total Metals Corp.
Executive Summary

Total Metals Corp. has executed a definitive agreement with Platinum Diamond Drilling Inc. for a minimum 2,500-meter diamond drilling program at its High Lake gold project in Northwestern Ontario. The company confirmed it is fully financed for the upcoming fall drill program.

The release reaffirms the currency of the April 14, 2023 Mineral Resource Estimate (MRE) for the Purdex Zone via a November 30, 2025 NI 43-101 Technical Report. The drilling strategy aims to expand the Purdex Zone footprint, establish continuity, and define scale potential, with provisions to scale activity based on results.

Historical high-grade intersections from the 2022-2023 McFarlane Lake Mining program are highlighted, including:

  • Intervals up to 148.37 g/t Au over 1.3m
  • A 0.3m interval grading 557 g/t Au
Material Impact

Total Metals Corp. (TT) issued this announcement as a direct follow-up to its September 23 and September 28, 2026 updates, which outlined drill targets and confirmed financing. The move represents an expected operational progression rather than a new catalyst, with the execution of the contract confirming management's stated plan to test high-priority targets at High Lake. No new financial, strategic, or geological surprises are introduced, and the impact on the stock is incremental, aligning with prior market expectations.

TT · Price
Company Overview

Total Metals Corp. operates a diversified portfolio of exploration-stage assets in Ontario and Manitoba, focusing on high-grade gold and critical metals. The company’s flagship Electrolode Critical Metals Project is a VMS-style Cu-Zn-Ag-Au deposit located in the Red Lake district. Winter 2026 drilling returned high-grade intercepts, including up to 38.20% Zn over 0.42m, alongside elevated concentrations of critical metals such as gallium and indium.

The High Lake Gold Project is a high-grade gold asset in Northwestern Ontario featuring a confirmed Indicated resource of 45.8 koz Au and an Inferred resource of 96.2 koz Au at the Purdex Zone. Additional assets include the Menary Gold Project, which is adjacent to Coeur Mining's Rainy River mine, and the Pick Lake Critical Minerals Property, which hosts high-grade Zn-Cu-Ag mineralization.

Management includes Andrew J. Ramcharan as President & CEO and Michael Dehn as Executive Chairman.

Read the original news release →

More from Total Metals Corp.

Oct 08, 2026 · 04:45

Total mobilizes a drill rig at its High Lake project as cash reserves decline to $1.7 million amid a going concern warning.

Drill Results Sep 28, 2026 · 04:45

Total confirmed high-grade targets at High Lake despite a tight cash runway amid dilution.

Drill Results Sep 23, 2026 · 10:51

Total confirms funding and permits for its exploration program while its stock languishes near multi-year lows.

Drill Results Aug 19, 2026 · 05:00

Total reported high-grade grab samples from the Menary project, located near Coeur’s Rainy River mine.

Drill Results Jul 13, 2026 · 04:00

Hornet Zone assays confirm modest VMS continuity, though the stock has shed 80% from its promotional peak.

Drill Results Jun 29, 2026 · 04:00

Total Metals Completes Sampling and Mapping Program at its High-Grade Menary Gold Property, Northwestern Ontario

Drill Results