Altair Gold Appoints Feisal Somji as Director
Original announcement by tmx on
- Company
- Altair Gold Inc.
- Ticker
- AVX
- Exchange
- TSX
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- Copper
- Document categories
- Resource update, Other
- Extracted
- 2026-08-21 13:22:06 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Altair Gold has appointed Feisal Somji to its Board of Directors. The announcement also includes a restatement of the Kena Gold Property mineral resource estimate from February 2013.
Reasoning: The announcement is primarily a director appointment, but it restates a mineral resource estimate from a May 2013 technical report (effective Feb 2013), making the resource data historical/stale relative to the announcement date.
Positive factors
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Stale Data Re-release
Facts used in scoring: 4
Classification and evidence
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Qualified Person for the Kena Gold Property is Mr. Warner Gruenwald, P.Geo.
Evidence · text
“The Qualified Person for the Kena Gold Property is Mr. Warner Gruenwald, P.Geo.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The mineral resource statement is reported at a cut-off grade of 0.3 gpt gold.
Evidence · text
“reported at a cut-off grade of 0.3 gpt gold”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the resource (90.44 Mt) is in the Inferred category.
Evidence · table
“0.48”
Context: 90,440,000
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The resource estimate effective date is February 7, 2013, and the technical report is dated May 15, 2013.
Evidence · text
“effective date of this resource estimate is February 7, 2013”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
measuredgoldTonnes: 6690000Grade: 0.77Grade Unit: g/tContained Metal: 165000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- AVX
Resource Data
- Category
- measured
- Tonnes
- 6690000
- Grade
- 0.77
- Grade Unit
- g/t
- Contained Metal
- 165000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-15T00:00:00.000Z
Dates
- Event date
- 2013-07-18T00:00:00.000Z
Reasoning: Measured resource intercept reported from a May 2013 technical report.
Positive factors
- Cut-off Disclosed
Negative factors
- Stale Data Re-release
Evidence · table
“0.77”
Context: 6,690,000
indicatedgoldTonnes: 18600000Grade: 0.54Grade Unit: g/tContained Metal: 325000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- AVX
Resource Data
- Category
- indicated
- Tonnes
- 18600000
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 325000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-15T00:00:00.000Z
Dates
- Event date
- 2013-07-18T00:00:00.000Z
Reasoning: Indicated resource intercept reported from a May 2013 technical report.
Positive factors
- Cut-off Disclosed
Negative factors
- Stale Data Re-release
Evidence · table
“0.54”
Context: 18,600,000
indicatedgoldTonnes: 25280000Grade: 0.6Grade Unit: g/tContained Metal: 490000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- AVX
Resource Data
- Category
- indicated
- Tonnes
- 25280000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 490000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-15T00:00:00.000Z
Dates
- Event date
- 2013-07-18T00:00:00.000Z
Reasoning: Combined M&I resource reported from a May 2013 technical report.
Positive factors
- Cut-off Disclosed
Negative factors
- Stale Data Re-release
Evidence · table
“0.60”
Context: 25,280,000
inferredgoldTonnes: 90440000Grade: 0.48Grade Unit: g/tContained Metal: 1399000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- AVX
Resource Data
- Category
- inferred
- Tonnes
- 90440000
- Grade
- 0.48
- Grade Unit
- g/t
- Contained Metal
- 1399000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-15T00:00:00.000Z
Dates
- Event date
- 2013-07-18T00:00:00.000Z
Reasoning: Inferred resource intercept reported from a May 2013 technical report.
Positive factors
- Cut-off Disclosed
Negative factors
- Stale Data Re-release
- Inferred Resource
Evidence · table
“0.48”
Context: 90,440,000
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.