Archive
Original announcement by thenewswire on
- Company
- Upside Gold Corp.
- Ticker
- UG
- Exchange
- CSE
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- Copper
- Document categories
- Resource update, Other
- Extracted
- 2026-10-01 03:56:11 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Upside Gold Corp. has engaged Danayi Capital Corp. to provide investor relations and digital marketing services for a three-month term at a fee of US$30,000. The company also provided context regarding its Kena Gold-Copper Project, which hosts a historical gold resource.
Reasoning: The document is primarily a corporate announcement regarding the engagement of a digital marketing firm. While it contains historical resource data for context, the subject of the news is an administrative service agreement.
Positive factors
- Engagement of professional IR/marketing services to enhance capital markets profile
Facts used in scoring: 3
Classification and evidence
Inferred Resourcenegative · Story-specific tag
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports a significant portion of the historical resource as Inferred category.
Evidence · text
“an Inferred Mineral Resource of 177,507,000 tonnes”
NI 43-101 Compliantpositive · Story-specific tag
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The historical resource is based on a NI 43-101 technical report.
Evidence · text
“NI 43-101 Resource Estimate for the Kena and Daylight Properties”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedKena Gold-Copper Project · goldTonnes: 32146000Grade: 0.544Grade Unit: g/tContained Metal: 0.561Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kena Gold-Copper Project
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- UG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:1c275bb69d12b364c4f8
- Deposit or zone
- Kena Project
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 32146000
- Grade
- 0.544
- Grade Unit
- g/t
- Contained Metal
- 0.561
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2021-05-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-05-03T00:00:00.000Z
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: This is a restatement of a historical resource from a 2021 technical report, not new assay results.
Negative factors
- Historical estimate only
Evidence · text
“historical gold resource comprising an Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.1 years before this release
inferredKena Gold-Copper Project · goldTonnes: 177507000Grade: 0.486Grade Unit: g/tContained Metal: 2.77Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kena Gold-Copper Project
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- UG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:e35e8f98026a2453332a
- Deposit or zone
- Kena Project
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 177507000
- Grade
- 0.486
- Grade Unit
- g/t
- Contained Metal
- 2.77
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2021-05-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-05-03T00:00:00.000Z
Dates
- Event date
- 2026-06-12T00:00:00.000Z
Reasoning: This is a restatement of a historical resource from a 2021 technical report, not new assay results.
Negative factors
- Historical estimate only
Evidence · text
“an Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77 million ounces of gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.1 years before this 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.