# Galore Resources Updates Dos Santos Core Program, Bonus Payment, Private Placement and Grant of Options

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--659ea3d1-287a-48e7-8c82-b2f47e7a7cd3

Original source: https://money.tmx.com/en/quote/GRI/news/8204333823514307/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement

Publisher: tmx

Original announcement: 2019-08-13T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Galore Resources Inc.

- Ticker: GRI

- Exchange: TSX

- Region: Zacatecas, Mexico

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Drill results, Capital raise

- Extracted: 2026-08-23 15:49:00 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Galore Resources has completed four HQ core holes totaling 1,324 meters at the El Alamo target within the Dos Santos project. While geological observations indicate significant pyrite and brecciation, assay results for the new holes are still pending.

Reasoning: The company is progressing its diamond drilling program at El Alamo, reporting geological observations of pyrite and brecciation, though actual assay results for the latest holes are pending.

- Positive factor: drilling progress

- Positive factor: identification of pyrite mineralization

- Positive factor: presence of oxidation/brecciation

- Negative factor: no assay results reported for new holes

- Negative factor: mechanical issues with EA-003

Facts used in scoring: 3

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release mentions samples were submitted to ALS for analysis and identifies a Qualified Person.

Evidence · text

> submitted to ALS for analysis

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an ongoing exploration program to test targets within the project.

Evidence · text

> as part of a 2,500-meter diamond core drilling program

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Drill Results (3)

### EA-001

[Link to this fact](https://atlas-staging.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--659ea3d1-287a-48e7-8c82-b2f47e7a7cd3#fact-drill-facts-0)

Dos Santos · gold

#### Identity

- Hole ID: EA-001
- Project: Dos Santos
- Commodity: gold
- Region: mexico
- Reported Region: Zacatecas, Mexico
- Ticker: GRI

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2019-08-13T00:00:00.000Z

Reasoning: Hole submitted for analysis but assays not yet reported in this release.

### EA-002

[Link to this fact](https://atlas-staging.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--659ea3d1-287a-48e7-8c82-b2f47e7a7cd3#fact-drill-facts-1)

Dos Santos · gold

#### Identity

- Hole ID: EA-002
- Project: Dos Santos
- Commodity: gold
- Region: mexico
- Reported Region: Zacatecas, Mexico
- Ticker: GRI

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2019-08-13T00:00:00.000Z

Reasoning: Hole submitted for analysis but assays not yet reported in this release.

### EA-004

[Link to this fact](https://atlas-staging.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--659ea3d1-287a-48e7-8c82-b2f47e7a7cd3#fact-drill-facts-2)

Dos Santos · gold

#### Identity

- Hole ID: EA-004
- Project: Dos Santos
- Commodity: gold
- Region: mexico
- Reported Region: Zacatecas, Mexico
- Ticker: GRI

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

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

#### Dates

- Event date: 2019-08-13T00:00:00.000Z

Reasoning: Latest hole drilled to intersect anomalous area; assays pending.

## 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.