Northwire Canada EditionMonday, October 19, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Drill Results Routine +

Total Metals Commences Drilling at its High-Grade High Lake Gold Project, Northwestern Ontario

Total begins drilling at High Lake as cash reserves dwindle to $1.7m.

By The Northwire Desk — AI Analysis Oct 19, 2026 · 04:45 TT · 0.205 Total Metals Corp.
Executive Summary

Total Metals Corp. has commenced drilling at its 100% owned High Lake gold project in Northwestern Ontario. The company previously announced a 2,500-metre drilling program targeting the Purdex Zone, with plans to scale activity based on initial results. The current program targets the Purdex Zone at depths greater than 230 metres.

The first drill hole reached 416 metres, successfully intersecting quartz veins associated with the targeted structures. A LiDAR survey was completed over the western portion of the property to constrain historical drilling and trenching locations. Assay results are pending; no grades or intercept lengths are reported in this release.

Material Impact

Total Metals Corp. (TT) has begun drilling, an expected incremental step following the contract signing on October 5 and rig mobilization on October 8. The program was fully financed and permitted as of late September, meaning no new financial or operational surprises are present. The release lacks assay data, so it does not provide immediate valuation upside or downside. Market reaction is likely to be muted until actual high-grade intercepts are reported, which typically drive exploration stock valuations. The news confirms execution of the stated exploration plan but does not alter the company's fundamental risk profile or capital needs.

TT · Price
Company Overview

Total Metals Corp. is a junior exploration company focused on gold and critical metals in Ontario and Manitoba. Its flagship asset is the High Lake Gold Project, a 100% owned property located in Northwestern Ontario near the Manitoba border. The Purdex Zone at High Lake hosts an Indicated resource of 152,000 tonnes at 9.38 g/t Au (45,800 oz) and an Inferred resource of 287,000 tonnes at 10.43 g/t Au (96,200 oz). Historical drilling by McFarlane Lake Mining returned high-grade intervals, including 148.37 g/t Au over 1.3m. The company also owns the Electrolode (critical metals), Menary (high-grade gold), and Pick Lake (critical metals) properties.

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 Oct 05, 2026 · 04:46

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

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