Northwire Canada EditionFriday, October 30, 2026
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Gold 4,033.10 +0.0% Silver 52.06 −0.3% Copper 6.58 −0.2% Oil 102.80 +0.8% Palladium 1,002.00 +0.3% ONAU 0.530 −1.9% WMS 0.075 +0.0% CAD 2.34 −2.5% NGEX 21.53 −1.3% CG 28.52 −3.7% PPX 0.220 −8.3% CS 11.77 −2.1% EMO 0.295 +0.0% IPT 0.225 +0.0% TECK 89.22 +1.3% SLG 5.95 +0.8% FT 0.095 +2.7% SGQ 0.330 +6.5% AUAU 0.440 +6.0% FVL 0.830 −2.4% AYA 34.15 −3.3% Gold 4,033.10 +0.0% Silver 52.06 −0.3% Copper 6.58 −0.2% Oil 102.80 +0.8% Palladium 1,002.00 +0.3% ONAU 0.530 −1.9% WMS 0.075 +0.0% CAD 2.34 −2.5% NGEX 21.53 −1.3% CG 28.52 −3.7% PPX 0.220 −8.3% CS 11.77 −2.1% EMO 0.295 +0.0% IPT 0.225 +0.0% TECK 89.22 +1.3% SLG 5.95 +0.8% FT 0.095 +2.7% SGQ 0.330 +6.5% AUAU 0.440 +6.0% FVL 0.830 −2.4% AYA 34.15 −3.3%
Drill Results Routine +

Sterling Drills Molybdenum Rich Breccia Below MEPS Discovery Intersecting 57 m of 0.81% CuEq Within a Near-Surface 358 m of 0.50% CuEq Including 8.5 m of 4.74% CuEq

Sterling’s Mo-rich breccia adds co-product potential to bulk grades in the good-not-great porphyry band.

By The Northwire Desk — AI Analysis Jul 29, 2026 · 07:30 SAG · 0.9 Sterling Metals Corp.
Executive Summary

Sterling Metals Corp. (SAG) reported assay results from three drill holes—SC-26-10, SC-26-11, and SC-26-12—at the MEPS zone of its Soo Copper project. Hole SC-26-10, drilled near-vertically, intersected a thick near-surface mineralized package of 497.6 meters grading 0.41% CuEq starting from a depth of 4 meters. This interval included 358 meters at 0.50% CuEq. A high-grade core within the hole returned 24.65 meters at 1.94% CuEq, which included 8.50 meters at 4.73% CuEq. Additionally, a deeper molybdenum-rich breccia yielded 57 meters at 0.81% CuEq, driven by 1,077 ppm Mo.

Holes SC-26-11 and SC-26-12 demonstrated wide, low-grade continuity toward the Jogran prospect. SC-26-11 returned 317.2 meters at 0.25% CuEq, while SC-26-12 returned 477 meters at 0.23% CuEq.

Material Impact

Sterling Metals Corp. (SAG) released results that add a molybdenum dimension to its previously highlighted data. The bulk grades reported are only marginally better than prior results, with holes drilled on July 13 averaging approximately 0.30–0.34% CuEq.

The company’s stock has declined from a high of C$3.06 to C$0.90, reflecting a market that has already priced in a large system but remains skeptical about grade and continuity.

SAG · Price
Company Overview

Sterling Metals Corp. (SAG) is a pre-revenue junior explorer focused exclusively on the Soo Copper porphyry project in Ontario. The company consolidated a district-scale land package via the acquisition of QcX Gold. Sterling Metals currently holds no mineral resources or reserves.

A discovery hole drilled in 2025, designated MEPS-25-02, returned 262.5 m @ 1.05% CuEq. The company’s 2026 drill program aims to test the scale of the MEPS zone. Historical financials indicate a going-concern warning, with C$11.1 M in cash as of Q1 2026 and a commitment to spend C$4.3 M on exploration by year-end.

Read the original news release →

More from Sterling Metals Corp.

Oct 28, 2026 · 07:30

Sterling confirmed a 2km footprint with 0.28% CuEq, marking the leanest MEPS headline grade to date.

Drill Results Oct 05, 2026 · 07:30

Sterling extends the MEPS core west with a second hole that strays off the high-grade corridor.

Drill Results Sep 16, 2026 · 07:30

Sterling’s western step-out confirms scale with 200m at 0.53% copper equivalent, though true width remains unknown.

Drill Results Sep 03, 2026 · 07:30

Sterling extended the deposit 1.3km along strike, though step-out assays weakened compared to the SC-26-13 anchor hole.

Drill Results Aug 31, 2026 · 07:30

Sterling’s completed QcX deal expands its footprint despite looming dilution and cash burn concerns.

M&A / Property Aug 28, 2026 · 17:00

Sterling issued minor equity to secure Ontario claim access as Soo Copper drilling advances.

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