# 49M: Gold Mountain Drilling Fast Tracked for October Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143096 Publisher: asx Original announcement: 2026-09-23T22:23:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T23:12:23.427Z Atlas analysis updated: 2026-09-23T23:12:23.427Z - Company: 49 Metals Limited - Ticker: 49M - Exchange: ASX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Other - Extracted: 2026-09-23 23:12:24 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary 49 Metals has fast-tracked its follow-up drilling program at the Gold Mountain Project in Nevada, scheduled to commence in October 2026. The ~3,500m RC drilling program will focus on expanding and infilling the Adit Zone discovery. The company re-stated key intercepts from its maiden campaign to highlight the project's potential. Reasoning: The announcement primarily details a planned follow-up drilling program \(other\) while re-releasing high-grade historical intercepts \(drill\_results\) to provide context for the upcoming work. - Positive factor: fast-tracked drilling program - Positive factor: fully funded - Positive factor: successful maiden campaign results - Positive factor: expansion and infill focus Facts used in scoring: 8 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The announcement mentions a Competent Person \(Dr Oliver Kreuzer\) and references previous JORC-compliant results. Evidence · text > based on information compiled or reviewed by Dr Oliver Kreuzer... to qualify as a Competent Person as defined by the JORC Code \(2012 Edition\). **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The upcoming program is explicitly designed to infill the existing drill pattern. Evidence · text > Infill the existing drill pattern to improve confidence in the continuity and geometry of mineralisation. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The program includes step-out drilling to expand the Adit Zone. Evidence · text > Expand the Adit Zone through step-out drilling along the interpreted mineralised corridor ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### DRC\#22 [Link to this fact](https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f#fact-drill-facts-0) Gold Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DRC\#22 - Project: Gold Mountain - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: 49M #### Geometry - Grade: 0.9 - Grade Unit: g/t - Intercept: 170.7 m - From: 121.9 m - To: 292.6 m - Intercept Depth: 121.9 m #### Classification - Sample Type: drill - Group ID: DRC\#22:121.9-292.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-27T00:00:00.000Z #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Re-stated historical intercept; notable for its significant width. - Positive factor: thick continuous intersection Evidence · text > DRC\#22 - 170.7m @ 0.9g/t Au from 121.9m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DRC\#22 [Link to this fact](https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f#fact-drill-facts-1) Gold Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DRC\#22 - Project: Gold Mountain - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: 49M #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 50.3 m - From: 207.3 m - To: 257.6 m - Intercept Depth: 121.9 m #### Classification - Sample Type: drill - Group ID: DRC\#22:207.3-257.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-27T00:00:00.000Z #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Re-stated historical high-grade sub-interval. - Positive factor: high-grade sub-interval Evidence · text > including 50.3m @ 1.2g/t Au from 207.3m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DRC\#19 [Link to this fact](https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f#fact-drill-facts-2) Gold Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DRC\#19 - Project: Gold Mountain - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: 49M #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 67.1 m - From: 169.2 m - To: 236.3 m - Intercept Depth: 169.2 m #### Classification - Sample Type: drill - Group ID: DRC\#19:169.2-236.3 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-27T00:00:00.000Z #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Re-stated historical intercept. - Positive factor: significant width Evidence · text > DRC\#19 - 67.1m @ 1.7g/t Au from 169.2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DRC\#19 [Link to this fact](https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f#fact-drill-facts-3) Gold Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DRC\#19 - Project: Gold Mountain - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: 49M #### Geometry - Grade: 20 - Grade Unit: g/t - Intercept: 3 m - From: 189 m - To: 192 m - Intercept Depth: 169.2 m #### Classification - Sample Type: drill - Group ID: DRC\#19:189-192 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-27T00:00:00.000Z #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Re-stated historical bonanza grade intercept. - Positive factor: bonanza grade Evidence · text > including 3.0m @ 20.0g/t Au from 189.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DRC\#9 [Link to this fact](https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f#fact-drill-facts-4) Gold Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DRC\#9 - Project: Gold Mountain - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: 49M #### Geometry - Grade: 8.3 - Grade Unit: g/t - Intercept: 27.4 m - From: 221 m - To: 248.4 m - Intercept Depth: 221 m #### Classification - Sample Type: drill - Group ID: DRC\#9:221-248.4 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-03T00:00:00.000Z #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Re-stated discovery hole intercept. - Positive factor: discovery hole - Positive factor: high grade Evidence · text > DRC\#9 – 27.4m @ 8.3g/t Au from 221.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DRC\#9 [Link to this fact](https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f#fact-drill-facts-5) Gold Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DRC\#9 - Project: Gold Mountain - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: 49M #### Geometry - Grade: 21.9 - Grade Unit: g/t - Intercept: 9.1 m - From: 224 m - To: 233.1 m - Intercept Depth: 221 m #### Classification - Sample Type: drill - Group ID: DRC\#9:224-233.1 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-03T00:00:00.000Z #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Re-stated historical high-grade sub-interval. - Positive factor: high grade sub-interval Evidence · text > including 9.1m @ 21.9g/t Au from 224.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DRC\#16 [Link to this fact](https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f#fact-drill-facts-6) Gold Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DRC\#16 - Project: Gold Mountain - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: 49M #### Geometry - Grade: 2.4 - Grade Unit: g/t - Intercept: 15.2 m - From: 268.2 m - To: 283.4 m - Intercept Depth: 268.2 m #### Classification - Sample Type: drill - Group ID: DRC\#16:268.2-283.4 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-07-01T00:00:00.000Z #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Re-stated historical intercept. - Positive factor: mineralised intercept Evidence · text > DRC\#16 – 15.2m @ 2.4g/t Au from 268.2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DRC\#16 [Link to this fact](https://atlas-staging.minestarters.com/news/49m-gold-mountain-drilling-fast-tracked-for-october--4504e303-738b-45a6-ba0a-40205c055d3f#fact-drill-facts-7) Gold Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DRC\#16 - Project: Gold Mountain - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: 49M #### Geometry - Grade: 5 - Grade Unit: g/t - Intercept: 6.1 m - From: 274.3 m - To: 280.4 m - Intercept Depth: 268.2 m #### Classification - Sample Type: drill - Group ID: DRC\#16:274.3-280.4 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-07-01T00:00:00.000Z #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Re-stated historical high-grade sub-interval. - Positive factor: high-grade sub-interval Evidence · text > including 6.1m @ 5.0g/t Au from 274.3m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.