# BULGOLD Confirms Major Epithermal Gold System at Kopernica, Lutila Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c

Original source: https://orestocks.com/company/ZLTO.V/press-releases/8672641634509693

Publisher: orestocks

Original announcement: 2026-09-29T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-29T13:13:32.495Z

Atlas analysis updated: 2026-09-29T13:13:32.495Z

- Company: BULGOLD Inc.

- Ticker: ZLTO.V

- Exchange: Unavailable

- Region: Slovak Republic

- Primary commodity: Gold

- Secondary commodities: Silver, Arsenic, Antimony, Thallium

- Document categories: Drill results

- Extracted: 2026-09-29 13:13:33 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

BULGOLD Inc. announced that its 2026 diamond drilling program at the Kopernica Vein System within the Lutila Gold Project, Slovak Republic, confirmed a major epithermal upflow zone at least 500 meters wide. While individual gold intercepts were low-grade \(up to 0.36 g/t Au\), the program successfully validated the geological model and identified key mineralization trends using advanced geochemical and mineralogical mapping. The company views these results as a critical technical milestone, expanding the project's scope and providing clear vectors for future high-grade quartz vein targets in a Tier-1 jurisdiction, though true widths remain unknown and processing challenges exist due to a cyanide ban.

Reasoning: The drilling campaign successfully confirmed a large epithermal gold system and developed a robust geological model, significantly advancing exploration potential despite the low-grade intercepts reported. However, the low grades and processing restrictions present challenges.

- Positive factor: Confirmation of a major epithermal gold system and upflow zone, significantly expanding exploration potential.

- Positive factor: Advanced predictive geological modeling provides clear vectors for future high-grade targets.

- Positive factor: Project located in a Tier-1 jurisdiction with excellent infrastructure and historic mining trend.

- Positive factor: QP sign-off and detailed QA/QC procedures enhance data credibility.

- Negative factor: Reported gold grades are very low, indicating early-stage exploration with no economic intercepts yet.

- Negative factor: True widths of intercepts are unknown, potentially overstating apparent lengths.

- Negative factor: Elevated pathfinder elements \(arsenic, antimony, thallium\) could indicate potential processing challenges or penalty elements.

- Negative factor: Cyanide use for extractive purposes is prohibited in Slovakia, which may impact gold recovery options.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 25

## Classification and evidence

**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 explicitly states that 'True widths are unknown at this stage' for the reported intercepts.

Evidence · text

> True widths are unknown at this stage.

**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 section on 'Sampling, Analysis and QAQC of Exploration Drill Core Samples' mentioning certified reference materials, blanks, field duplicates, and SGS Burgas as the laboratory.

Evidence · text

> Quality control samples, comprising certified reference materials, blanks, and field duplicates, are inserted into each batch of samples

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The document clearly states the compositing parameters: '1m minimum composite length, 2m maximum internal dilution, 0.1g/t Au cut-off'.

Evidence · text

> 1m minimum composite length, 2m maximum internal dilution, 0.1g/t Au cut-off

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: The document identifies arsenic \(As\), antimony \(Sb\), and thallium \(Tl\) as supporting pathfinder elements with elevated signatures, which can be penalty elements in processing.

Evidence · text

> supporting pathfinder elements, arsenic \(As\), antimony \(Sb\) and thallium \(Tl\).

**Exploration Drilling**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The 2026 campaign was designed to target interpreted epithermal quartz veins and successfully expanded the project's scope to a large-scale epithermal upflow system, indicating an exploration focus.

Evidence · text

> The 2026 diamond drilling campaign at the Kopernica Vein System was designed to target interpreted epithermal quartz veins.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The campaign successfully expanded the project's scope from a discrete vein target to a large-scale epithermal upflow system, indicating an extension of known mineralization or potential.

Evidence · text

> expanding the project's scope from a discrete vein target to a large-scale epithermal upflow system

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The Lutila Gold Project is positioned by its proximity to the historic Kremnica and Banská Štiavnica epithermal vein fields, leveraging their mining legacy for validation.

Evidence · text

> The Lutila Gold Project sits squarely between Central Slovakia's premier precious metal hubs: the Kremnica and Banská Štiavnica epithermal vein fields.

**Low Grade**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The highest reported gold grade is 0.36 g/t Au, which is below the 'weak' threshold for epithermal gold deposits and significantly below economic thresholds for underground mining.

Evidence · table

> 0.36

Context: 1

**Cyanide Ban**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The Slovak Republic has prohibited the use of cyanide for extractive purposes since 2014, which could pose a challenge for gold processing.

Evidence · text

> The use of cyanide for extractive purposes has been prohibited since 2014.

## Extracted facts

Stored fact records: 25. Some facts used in scoring do not have a stored record.

## Drill Results (25)

### CVDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-0)

Lutila · gold

#### Identity

- Hole ID: CVDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.14
- Grade Unit: g/t
- Intercept: 18 m
- From: 33 m
- To: 51 m
- Hole Depth: 515.4 m
- Intercept Depth: 33 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: CVDD001:33-51
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344676
- Northing: 5392596
- Elevation: 575 m
- Azimuth: 91 °
- Dip: -67 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.14 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.14

Context: 18

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### CVDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-1)

Lutila · gold

#### Identity

- Hole ID: CVDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.13
- Grade Unit: g/t
- Intercept: 5 m
- From: 126 m
- To: 131 m
- Hole Depth: 515.4 m
- Intercept Depth: 126 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: CVDD001:126-131
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344676
- Northing: 5392596
- Elevation: 575 m
- Azimuth: 91 °
- Dip: -67 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.13 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.13

Context: 5

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### CVDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-2)

Lutila · gold

#### Identity

- Hole ID: CVDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.13
- Grade Unit: g/t
- Intercept: 6 m
- From: 358 m
- To: 364 m
- Hole Depth: 515.4 m
- Intercept Depth: 358 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: CVDD001:358-364
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344676
- Northing: 5392596
- Elevation: 575 m
- Azimuth: 91 °
- Dip: -67 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.13 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.13

Context: 6

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KG-KP-2a

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-3)

Lutila · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: KG-KP-2a
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.26
- Grade Unit: g/t
- Intercept: 12.8 m
- From: 16.2 m
- To: 29 m
- Hole Depth: 98.5 m
- Intercept Depth: 16.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KG-KP-2a:16.2-29
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344673
- Northing: 5392593
- Elevation: 575 m
- Azimuth: 285 °
- Dip: -65 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2013-02-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical intercept shows very low gold grades and lacks modern QA/QC, limiting its current economic significance.

- Negative factor: Gold grade is very low \(0.26 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

- Negative factor: This is historical data, not new results, and QA/QC protocols are unknown for these samples.

Evidence · table

> 0.26

Context: 12.8

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**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

### KG-KP-3

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-4)

Lutila · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: KG-KP-3
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.29
- Grade Unit: g/t
- Intercept: 6 m
- From: 1 m
- To: 7 m
- Hole Depth: 175 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KG-KP-3:1-7
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344588
- Northing: 5392645
- Elevation: 581 m
- Azimuth: 100 °
- Dip: -45 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2013-02-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical intercept shows very low gold grades and lacks modern QA/QC, limiting its current economic significance.

- Negative factor: Gold grade is very low \(0.29 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

- Negative factor: This is historical data, not new results, and QA/QC protocols are unknown for these samples.

Evidence · table

> 0.29

Context: 6

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**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

### KG-KP-5a

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-5)

Lutila · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: KG-KP-5a
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.34
- Grade Unit: g/t
- Intercept: 22.4 m
- From: 85.6 m
- To: 108 m
- Hole Depth: 157.3 m
- Intercept Depth: 85.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KG-KP-5a:85.6-108
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344729
- Northing: 5392666
- Elevation: 600 m
- Azimuth: 280 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2013-02-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This historical intercept shows very low gold grades and lacks modern QA/QC, limiting its current economic significance.

- Negative factor: Gold grade is very low \(0.34 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

- Negative factor: This is historical data, not new results, and QA/QC protocols are unknown for these samples.

Evidence · table

> 0.34

Context: 22.4

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**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

### KPDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-6)

Lutila · gold

#### Identity

- Hole ID: KPDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.29
- Grade Unit: g/t
- Intercept: 4 m
- From: 7 m
- To: 11 m
- Hole Depth: 645.6 m
- Intercept Depth: 7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD001:7-11
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344667
- Northing: 5392585
- Elevation: 574 m
- Azimuth: 280 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.29 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.29

Context: 4

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-7)

Lutila · gold

#### Identity

- Hole ID: KPDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.11
- Grade Unit: g/t
- Intercept: 1 m
- From: 15 m
- To: 16 m
- Hole Depth: 645.6 m
- Intercept Depth: 15 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD001:15-16
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344667
- Northing: 5392585
- Elevation: 574 m
- Azimuth: 280 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.11 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.11

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-8)

Lutila · gold

#### Identity

- Hole ID: KPDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.12
- Grade Unit: g/t
- Intercept: 1 m
- From: 22 m
- To: 23 m
- Hole Depth: 645.6 m
- Intercept Depth: 22 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD001:22-23
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344667
- Northing: 5392585
- Elevation: 574 m
- Azimuth: 280 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.12 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.12

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-9)

Lutila · gold

#### Identity

- Hole ID: KPDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.24
- Grade Unit: g/t
- Intercept: 1 m
- From: 221 m
- To: 222 m
- Hole Depth: 645.6 m
- Intercept Depth: 221 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD001:221-222
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344667
- Northing: 5392585
- Elevation: 574 m
- Azimuth: 280 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.24 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.24

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-10)

Lutila · gold

#### Identity

- Hole ID: KPDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.17
- Grade Unit: g/t
- Intercept: 2 m
- From: 418 m
- To: 420 m
- Hole Depth: 645.6 m
- Intercept Depth: 418 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD001:418-420
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344667
- Northing: 5392585
- Elevation: 574 m
- Azimuth: 280 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.17 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.17

Context: 2

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-11)

Lutila · gold

#### Identity

- Hole ID: KPDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.36
- Grade Unit: g/t
- Intercept: 1 m
- From: 491 m
- To: 492 m
- Hole Depth: 645.6 m
- Intercept Depth: 491 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD001:491-492
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344667
- Northing: 5392585
- Elevation: 574 m
- Azimuth: 280 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.36 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.36

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD001

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-12)

Lutila · gold

#### Identity

- Hole ID: KPDD001
- Project: Lutila
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.14
- Grade Unit: g/t
- Intercept: 6 m
- From: 498 m
- To: 504 m
- Hole Depth: 645.6 m
- Intercept Depth: 498 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD001:498-504
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344667
- Northing: 5392585
- Elevation: 574 m
- Azimuth: 280 °
- Dip: -49 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.14 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.14

Context: 6

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD002

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-13)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD002
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.16
- Grade Unit: g/t
- Intercept: 1 m
- From: 20 m
- To: 21 m
- Hole Depth: 209.65 m
- Intercept Depth: 20 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD002:20-21
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344356
- Northing: 5392619
- Elevation: 513 m
- Azimuth: 103 °
- Dip: -51 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.16 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.16

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD003

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-14)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD003
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.19
- Grade Unit: g/t
- Intercept: 2 m
- From: 31 m
- To: 33 m
- Hole Depth: 207.8 m
- Intercept Depth: 31 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD003:31-33
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344412
- Northing: 5392510
- Elevation: 518 m
- Azimuth: 80 °
- Dip: -51 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.19 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.19

Context: 2

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD004

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-15)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD004
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.13
- Grade Unit: g/t
- Intercept: 1 m
- From: 11 m
- To: 12 m
- Hole Depth: 148.2 m
- Intercept Depth: 11 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD004:11-12
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344388
- Northing: 5392510
- Elevation: 514 m
- Azimuth: 244 °
- Dip: -51 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.13 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.13

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD004

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-16)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD004
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.1
- Grade Unit: g/t
- Intercept: 7 m
- From: 31 m
- To: 38 m
- Hole Depth: 148.2 m
- Intercept Depth: 31 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD004:31-38
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344388
- Northing: 5392510
- Elevation: 514 m
- Azimuth: 244 °
- Dip: -51 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.10 g/t Au\), at the cut-off grade and well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.10

Context: 7

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD004

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-17)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD004
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.33
- Grade Unit: g/t
- Intercept: 1 m
- From: 41 m
- To: 42 m
- Hole Depth: 148.2 m
- Intercept Depth: 41 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD004:41-42
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344388
- Northing: 5392510
- Elevation: 514 m
- Azimuth: 244 °
- Dip: -51 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.33 g/t Au\), at the weak threshold for epithermal but well below economic thresholds for underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.33

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD004

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-18)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD004
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.1
- Grade Unit: g/t
- Intercept: 1 m
- From: 55 m
- To: 56 m
- Hole Depth: 148.2 m
- Intercept Depth: 55 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD004:55-56
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344388
- Northing: 5392510
- Elevation: 514 m
- Azimuth: 244 °
- Dip: -51 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.10 g/t Au\), at the cut-off grade and well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.10

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD004

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-19)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD004
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.1
- Grade Unit: g/t
- Intercept: 2 m
- From: 61 m
- To: 63 m
- Hole Depth: 148.2 m
- Intercept Depth: 61 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD004:61-63
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344388
- Northing: 5392510
- Elevation: 514 m
- Azimuth: 244 °
- Dip: -51 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.10 g/t Au\), at the cut-off grade and well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.10

Context: 2

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD005

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-20)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD005
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.15
- Grade Unit: g/t
- Intercept: 1 m
- From: 48 m
- To: 49 m
- Hole Depth: 214.4 m
- Intercept Depth: 48 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD005:48-49
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344769
- Northing: 5392275
- Elevation: 594 m
- Azimuth: 55 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.15 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.15

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD005

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-21)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD005
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.17
- Grade Unit: g/t
- Intercept: 1 m
- From: 70 m
- To: 71 m
- Hole Depth: 214.4 m
- Intercept Depth: 70 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD005:70-71
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344769
- Northing: 5392275
- Elevation: 594 m
- Azimuth: 55 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.17 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.17

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD005

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-22)

to a large-scale epithermal upflow · gold

#### Identity

- Hole ID: KPDD005
- Project: to a large-scale epithermal upflow
- Commodity: gold
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.18
- Grade Unit: g/t
- Intercept: 1 m
- From: 85 m
- To: 86 m
- Hole Depth: 214.4 m
- Intercept Depth: 85 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: KPDD005:85-86
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344769
- Northing: 5392275
- Elevation: 594 m
- Azimuth: 55 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows very low gold grades, indicating it is not an economic intercept but contributes to the understanding of the widespread anomalous mineralization.

- Negative factor: Gold grade is very low \(0.18 g/t Au\), well below economic thresholds for epithermal underground mining.

- Negative factor: True width is unknown, potentially overstating the intercept length.

Evidence · table

> 0.18

Context: 1

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD005

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-23)

to a large-scale epithermal upflow · silver

#### Identity

- Hole ID: KPDD005
- Project: to a large-scale epithermal upflow
- Commodity: silver
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.45
- Grade Unit: g/t
- From: 63.2 m
- Hole Depth: 214.4 m
- Intercept Depth: 63.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344769
- Northing: 5392275
- Elevation: 594 m
- Azimuth: 55 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This silver grade is very low and contributes to the understanding of the polymetallic nature of the system, but is not economically significant on its own.

- Negative factor: Silver grade is very low \(0.45 g/t Ag\), well below economic thresholds.

- Negative factor: True width is unknown.

Evidence · text

> 0.45 g/t Ag

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

### KPDD005

[Link to this fact](https://atlas-staging.minestarters.com/news/bulgold-confirms-major-epithermal-gold-system-at-kopernica-lutila-project--8ac5405f-ef84-44b9-bb81-67f1166ec37c#fact-drill-facts-24)

to a large-scale epithermal upflow · silver

#### Identity

- Hole ID: KPDD005
- Project: to a large-scale epithermal upflow
- Commodity: silver
- Region: slovak republic
- Reported Region: slovak republic
- Ticker: ZLTO.V

#### Geometry

- Grade: 0.61
- Grade Unit: g/t
- From: 69.9 m
- Hole Depth: 214.4 m
- Intercept Depth: 69.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Mining Method: underground

#### Location

- Location: Kopernica Vein System
- Easting: 344769
- Northing: 5392275
- Elevation: 594 m
- Azimuth: 55 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Burgas
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic, antimony, thallium

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 2 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This silver grade is very low and contributes to the understanding of the polymetallic nature of the system, but is not economically significant on its own.

- Negative factor: Silver grade is very low \(0.61 g/t Ag\), well below economic thresholds.

- Negative factor: True width is unknown.

Evidence · text

> 0.61 g/t Ag

#### 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

## 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.
