Northwire Canada EditionFriday, July 31, 2026
Northwire
TGOL 0.100 −9.1% FCI 0.415 −3.5% SGQ 0.350 +0.0% SASK 0.980 −3.9% WGX 4.59 −1.7% GMX 1.86 +1.6% DSV 8.80 −3.5% MQM 0.170 +0.0% MNO 1.51 −3.2% VIZ 0.190 +0.0% HBM 31.95 +0.3% CNC 1.51 −4.4% ALGR 0.490 −7.5% MSG 0.200 −2.4% ECU 1.72 +1.8% NAM 0.250 −2.0% TGOL 0.100 −9.1% FCI 0.415 −3.5% SGQ 0.350 +0.0% SASK 0.980 −3.9% WGX 4.59 −1.7% GMX 1.86 +1.6% DSV 8.80 −3.5% MQM 0.170 +0.0% MNO 1.51 −3.2% VIZ 0.190 +0.0% HBM 31.95 +0.3% CNC 1.51 −4.4% ALGR 0.490 −7.5% MSG 0.200 −2.4% ECU 1.72 +1.8% NAM 0.250 −2.0%
Drill Results

Fauro Property Delivers Multiple Multi-Ounce Gold Assay Hits

SCU · Price

Executive Summary

  • Sankamap Metals reports exceptionally high‑grade grab samples from the Meriguna target on its Fauro Property, including up to 116 g/t Au and 87.5 g/t Ag.
  • The average grade across all rock samples is 16.4 g/t Au, confirming a robust surface mineralized system and strong discovery potential.
  • A phased 2026 exploration program will continue systematic sampling, geophysical surveys, and design of a focused drill campaign to test extensions of the mineralization at depth and along strike.

Key Details

  • Property: Fauro Property, Shortland Islands, Solomon Islands – 24,000 ha owned by Sankamap Metals (CSE: SCU).
  • Target: Meriguna (≈2.5 km north of the Kiovakse target).
  • Sampling Period: November 2025 site visit; grab rock samples collected and assayed.
  • Assay Highlights:
  • Highest individual assay – 116 g/t Au and 87.5 g/t Ag (Sample D09113).
  • Other notable assays: 81.1 g/t Au / 37 g/t Ag, 13.4 g/t Au / 23.3 g/t Ag, 10.5 g/t Au / 43.2 g/t Ag.
  • Average grade across all reported samples – 16.4 g/t Au.
  • Silver Correlation: High‑grade Au results are accompanied by elevated Ag grades (up to 87.5 g/t).
  • Surface Evidence: Visible gold observed in artisanal alluvial workings throughout the property at Meriguna.
  • Geological Context: Meriguna and Kiovakse share comparable alteration and mineralized signatures, indicating potential continuity of an epithermal system.
  • Exploration Plan 2026:
  • Continue systematic surface sampling to validate historic data.
  • Conduct targeted geophysical surveys (magnetic, IP, etc.) on untested caldera rims.
  • Integrate all data to define high‑priority drill targets.
  • Design and execute a focused drilling program aimed at confirming historic intersections and testing depth/strike extensions of mineralization.
  • Quality Assurance: Samples processed by ALS Global (Brisbane) under ISO/IEC 17025 accredited procedures; fire assay used for Au determination (code Au‑AA26).

Notable Quotes

“Once again, our work at the Fauro Property has delivered very high‑grade results… The scale of mineralization and the strength of the grades encountered across the property underscore its significant discovery potential.” – John Florek, CEO, Sankamap Metals Inc.

Read the original news release →

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