# Broad Shallow Gold in First Goldenclad Drillhole Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82 Original source: https://api.investi.com.au/api/announcements/wtm/24eb6619-533.pdf Publisher: prospectors\_exchange Original announcement: 2026-10-20T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-20T13:49:20.297Z Atlas analysis updated: 2026-10-20T13:49:20.297Z - Company: Waratah Minerals Limited - Ticker: WTM - Exchange: Unavailable - Region: New South Wales - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results - Extracted: 2026-10-20 13:49:21 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Waratah Minerals Limited reported highly encouraging partial assay results from GCD001, its first drill hole at the Goldenclad prospect in New South Wales. The hole intersected 83 meters of gold mineralization from 6 meters below surface, including 42 meters at 2.23 g/t Au from 12 meters. These results extend the Spur strike by 1km and support the thesis of a broader linked gold system, adding a fourth mineralized position. Reasoning: Waratah Minerals' first drill hole at Goldenclad delivered broad, shallow gold mineralization, extending the known strike by 1km and establishing a new mineralized position within a broader system. The results include a significant 83m intercept with a strong grade-width product, indicating high prospectivity, although only partial assays have been reported. - Positive factor: broad\_intercept - Positive factor: shallow\_mineralization - Positive factor: step\_out\_extension - Positive factor: new\_mineralized\_position - Positive factor: good\_grade\_width\_product - Positive factor: qaqc\_disclosed - Positive factor: compositing\_transparent - Negative factor: apparent\_width\_only - Negative factor: partial\_results\_only Facts used in scoring: 11 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drill hole GCD001 at Goldenclad is located approximately 1 km along strike from the Company’s current drilling focus at the Consols Zone, extending the known mineralized corridor. Evidence · text > located approximately 1 km along strike from the Company’s current drilling focus at the Consols Zone **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 release includes a detailed JORC Code Table 1 section outlining sampling techniques, quality control procedures \(blanks, standards, duplicates\), and laboratory accreditation \(NATA\). Evidence · text > Sampling and QAQC procedures are carried out using Waratah protocols as per industry best practice **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: The release explicitly states the cut-off grades used for calculating intercepts \(e.g., > 0.1 g/t Au\) and the maximum internal dilution allowed \(5m\). Evidence · text > intercepts calculated at > 0.1 g/t Au, 5m maximum internal dilution **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The document states that downhole intercepts likely represent >80% true thickness but explicitly notes that significant assay results are not reported as true width. Evidence · text > Significant assay results are calculated as length weighted downhole grade and are not reported as true width. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The value proposition for Goldenclad is strongly linked to its proximity and interpreted connection to the existing Spur and Consols Zones, supporting a broader linked system. Evidence · text > Of particular significance is Goldenclad’s location approximately 1 kilometre along strike from our current drilling at Consols. We are beginning to see compelling evidence of the broader opportunity across this gold system, with multiple mineralised positions extending from Spur through Consols and now Goldenclad. ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Drill Results (11) ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-0) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 0.12 - Grade Unit: g/t - Intercept: 0.5 m - From: 0 m - To: 0.5 m - Hole Depth: 443 m - Intercept Depth: 0 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:0-0.5 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A very narrow, low-grade intercept at surface, likely not economically significant but part of the reported results from the first hole at Goldenclad. - Negative factor: narrow\_intercept - Negative factor: low\_grade\_intercept - Negative factor: apparent\_width\_only Evidence · table > 0.12 Context: 0.50 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-1) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 1.27 - Grade Unit: g/t - Intercept: 83 m - From: 6 m - To: 89 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:6-89 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: This is a very broad \(83m\), shallow intercept from the first hole at a new prospect, extending the known strike and indicating a larger system. The grade-width product \(105.41 g/t·m\) is strong and comparable to the project's best, despite the average grade \(1.27 g/t Au\) being moderate for epithermal gold. - Positive factor: broad\_intercept - Positive factor: shallow\_mineralization - Positive factor: step\_out\_extension - Positive factor: new\_mineralized\_position - Positive factor: good\_grade\_width\_product - Negative factor: apparent\_width\_only - Negative factor: partial\_results\_only Evidence · table > 1.27 Context: 83.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-2) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 2.01 - Grade Unit: g/t - Intercept: 48 m - From: 6 m - To: 54 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:6-54 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A significant broad \(48m\), shallow intercept at a higher cut-off grade \(0.5 g/t Au\), confirming strong mineralization \(2.01 g/t Au\) in the first hole at Goldenclad. The grade is strong for epithermal gold. - Positive factor: broad\_intercept - Positive factor: shallow\_mineralization - Positive factor: step\_out\_extension - Positive factor: new\_mineralized\_position - Negative factor: apparent\_width\_only - Negative factor: partial\_results\_only Evidence · table > 2.01 Context: 48.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-3) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 0.58 - Grade Unit: g/t - Intercept: 9 m - From: 63 m - To: 72 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:63-72 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A moderate grade \(0.58 g/t Au\) intercept over a moderate width \(9m\) at a 0.5 g/t cut-off, contributing to the overall mineralized zone at Goldenclad. - Positive factor: shallow\_mineralization - Negative factor: apparent\_width\_only Evidence · table > 0.58 Context: 9.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-4) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 0.78 - Grade Unit: g/t - Intercept: 1 m - From: 78 m - To: 79 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:78-79 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A narrow \(1m\), low-grade \(0.78 g/t Au\) intercept at a 0.5 g/t cut-off, less significant than other results but still part of the overall mineralized system. - Negative factor: narrow\_intercept - Negative factor: apparent\_width\_only Evidence · table > 0.78 Context: 1.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-5) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 2.23 - Grade Unit: g/t - Intercept: 42 m - From: 12 m - To: 54 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:12-54 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A broad \(42m\), shallow intercept at a 1 g/t cut-off, indicating good continuity of higher-grade mineralization \(2.23 g/t Au\). The grade is strong for epithermal gold and close to the project's prior average. - Positive factor: broad\_intercept - Positive factor: shallow\_mineralization - Positive factor: step\_out\_extension - Positive factor: new\_mineralized\_position - Negative factor: apparent\_width\_only - Negative factor: partial\_results\_only Evidence · table > 2.23 Context: 42.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-6) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 3.16 - Grade Unit: g/t - Intercept: 1 m - From: 71 m - To: 72 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:71-72 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A narrow \(1m\), but higher-grade \(3.16 g/t Au\) intercept at a 1 g/t cut-off, contributing to the overall prospectivity. - Positive factor: high\_grade\_intercept - Negative factor: narrow\_intercept - Negative factor: apparent\_width\_only Evidence · table > 3.16 Context: 1.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-7) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 2.23 - Grade Unit: g/t - Intercept: 18 m - From: 14 m - To: 32 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:14-32 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 2 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A good width intercept \(18m\) at a 2 g/t cut-off, indicating a significant higher-grade zone \(2.23 g/t Au\) within the broader mineralization. - Positive factor: moderate\_grade\_intercept - Positive factor: shallow\_mineralization - Negative factor: apparent\_width\_only Evidence · table > 2.23 Context: 18.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-8) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 3.54 - Grade Unit: g/t - Intercept: 1 m - From: 39 m - To: 40 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:39-40 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 2 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A narrow \(1m\), but high-grade \(3.54 g/t Au\) intercept at a 2 g/t cut-off, indicating a localized strong mineralization. - Positive factor: high\_grade\_intercept - Negative factor: narrow\_intercept - Negative factor: apparent\_width\_only Evidence · table > 3.54 Context: 1.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-9) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 4.83 - Grade Unit: g/t - Intercept: 8 m - From: 46 m - To: 54 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:46-54 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 2 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A high-grade intercept \(4.83 g/t Au\) over a good width \(8m\) at a 2 g/t cut-off, representing the best grade in the hole and matching the project's prior best grade. This grade is strong for epithermal gold. - Positive factor: high\_grade\_intercept - Positive factor: shallow\_mineralization - Negative factor: apparent\_width\_only Evidence · table > 4.83 Context: 8.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ### GCD001 [Link to this fact](https://atlas-staging.minestarters.com/news/broad-shallow-gold-in-first-goldenclad-drillhole--52a6a0ad-24bb-4f6d-b73a-24a343a20c82#fact-drill-facts-10) Goldenclad · gold #### Identity - Hole ID: GCD001 - Project: Goldenclad - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: WTM #### Geometry - Grade: 3.75 - Grade Unit: g/t - Intercept: 6 m - From: 26 m - To: 32 m - Hole Depth: 443 m - Intercept Depth: 6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: GCD001:26-32 - Mining Method: open\_pit #### Location - Easting: 667580 - Northing: 6300577 - CRS: GDA94 MGA Zone 55 - EPSG: 28355 - Elevation: 611 m - Azimuth: 330 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SGS and ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 3 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 5 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: A high-grade intercept \(3.75 g/t Au\) over a good width \(6m\) at a 3 g/t cut-off, indicating a very strong zone within the broader mineralization. - Positive factor: high\_grade\_intercept - Positive factor: shallow\_mineralization - Negative factor: apparent\_width\_only Evidence · table > 3.75 Context: 6.00 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Waratah Minerals Level 41, 161 Castlereagh Street, Sydney NSW 2000 T: +618 6148 1000 \| info@waratahminerals.com ASX Anno" ## 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.