Golden Cariboo Announces Inaugural NI 43-101 Mineral Resource Estimate for the Quesnelle Gold Quartz Mine Property, British Columbia
Original announcement by cse on
- Company
- Golden Cariboo Resources Ltd.
- Ticker
- GCC
- Exchange
- CSE
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update
- Extracted
- 2026-10-01 22:02:28 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Golden Cariboo Resources Ltd. announced an inaugural NI 43-101 compliant Mineral Resource Estimate for its 100%-owned Quesnelle Gold Quartz Mine Property in British Columbia. The MRE outlines 10 million tonnes at 0.56 g/t AuEq for 178,000 ounces of indicated gold, and 71 million tonnes at 0.44 g/t AuEq for 1.0 million ounces of inferred gold. This initial estimate, constrained by an open pit shell, represents a significant milestone for the company, although a large portion is in the inferred category and no metallurgical testwork has been completed.
Reasoning: The company announced its first NI 43-101 compliant MRE, outlining a moderate gold resource (1.178 Moz AuEq total) at its Quesnelle Gold Quartz Mine Property. However, the average grades are below typical open-pit economic thresholds, and the resource has a high proportion of inferred material with no metallurgical testwork completed, leading to a neutral to slightly negative sentiment.
Positive factors
- Inaugural MRE
- NI 43-101 Compliant
- QP/CP Signed
- Moderate Contained Metal Scale
- Open Pit Mining Method
- Good Infrastructure
- Potential for Resource Growth
Negative factors
- Low Average Grades for Open-Pit Gold
- Weak M&I Confidence (High Proportion of Inferred Resources)
- No Metallurgical Testwork Yet
- Sensitivity to Commodity Prices/Costs
- No Demonstrated Economic Viability
Low confidence — this extraction should be reviewed alongside the original source.
Rubric flags
- M&I (Measured + Indicated) confidence tiers — Indicated resources represent 12.3% of the total resource (10 Mt Indicated out of 81 Mt total), which is below the 'weak' threshold of 25% M&I, indicating low geological confidence.
- Resource grade bands by commodity — The indicated gold grade of 0.547 g/t and inferred gold grade of 0.437 g/t are considered marginal for an open-pit gold deposit (economic threshold ≥0.8 g/t).
Facts used in scoring: 12
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document explicitly states this is an 'inaugural independent Mineral Resource Estimate'.
Evidence · text
“This inaugural independent Mineral Resource Estimate”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE was prepared 'in accordance with National Instrument 43-101'.
Evidence · text
“prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The MRE was prepared by 'Sue Bird, P.Eng., of Bird Resource Consulting Corp. (“BRCC”), an independent Qualified Person'.
Evidence · text
“prepared by Sue Bird, P.Eng., of Bird Resource Consulting Corp. (“BRCC”), an independent Qualified Person as defined by NI 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The document clearly states the 'Reporting cut-off grade(s): 0.15 g/t Gold Equivalent (AuEq)'.
Evidence · text
“Reporting cut-off grade(s): 0.15 g/t Gold Equivalent (AuEq)”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the resource is classified as Inferred (71Mt at 0.44g/t for 1.0 Moz Au).
Evidence · text
“71Mt at 0.44g/t for 1.0 Moz Au Inferred”
No Metallurgical Testworknegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The 'Known Legal, Political, Environmental and Other Risks' section explicitly states 'No metallurgical testing has been carried out at the Property'.
Evidence · text
“Metallurgy. No metallurgical testing has been carried out at the Property.”
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document includes a detailed 'QA/QC' section describing the program, laboratories, and methods.
Evidence · text
“The Company's quality assurance and quality control ("QA/QC") program included the systematic insertion of certified reference materials, blanks and duplicate samples”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (12)
indicatedQuesnelle Gold Quartz Mine Property · goldTonnes: 9966000Grade: 0.547Grade Unit: g/tContained Metal: 175000Contained Unit: ozView all detailsHide details
Identity
- Project
- Quesnelle Gold Quartz Mine Property
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:6f95ac1c94551533e6d8
- Deposit or zone
- Halo-North Hixon Zones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9966000
- Grade
- 0.547
- Grade Unit
- g/t
- Contained Metal
- 175000
- Contained Unit
- oz
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-09-26
Metal Equivalent
- Metal Eq. Grade
- 0.556
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada Ltd. and MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: This is an inaugural indicated gold resource, providing a baseline for the project, but the grade is marginal for an open-pit operation and no metallurgical testwork has been completed.
Positive factors
- Maiden Resource
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Open Pit Mining Method
Negative factors
- Marginal Grade for Open-Pit Gold
- No Metallurgical Testwork Yet
Evidence · table
“0.547”
Context: 9,966
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedQuesnelle Gold Quartz Mine Property · silverTonnes: 9966000Grade: 1.5Grade Unit: g/tContained Metal: 494000Contained Unit: ozView all detailsHide details
Identity
- Project
- Quesnelle Gold Quartz Mine Property
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:6f95ac1c94551533e6d8
- Deposit or zone
- Halo-North Hixon Zones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9966000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 494000
- Contained Unit
- oz
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-09-26
Metal Equivalent
- Metal Eq. Grade
- 0.556
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada Ltd. and MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: This is an inaugural indicated silver resource, contributing to the overall AuEq, but the grade is low and no metallurgical testwork has been completed.
Positive factors
- Maiden Resource
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Open Pit Mining Method
Negative factors
- Low Grade for Silver
- No Metallurgical Testwork Yet
Evidence · table
“1.5”
Context: 9,966
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredQuesnelle Gold Quartz Mine Property · goldTonnes: 70851000Grade: 0.437Grade Unit: g/tContained Metal: 995000Contained Unit: ozView all detailsHide details
Identity
- Project
- Quesnelle Gold Quartz Mine Property
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:fb8f6e1c9c0bc145c492
- Deposit or zone
- Halo-North Hixon Zones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 70851000
- Grade
- 0.437
- Grade Unit
- g/t
- Contained Metal
- 995000
- Contained Unit
- oz
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-09-26
Metal Equivalent
- Metal Eq. Grade
- 0.444
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada Ltd. and MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: This inaugural inferred gold resource contributes significantly to total contained metal but represents a lower confidence category with marginal grades for open-pit mining and no metallurgical testwork.
Positive factors
- Maiden Resource
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Open Pit Mining Method
Negative factors
- High Proportion of Inferred Resources
- Marginal Grade for Open-Pit Gold
- No Metallurgical Testwork Yet
Evidence · table
“0.437”
Context: 70,851
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredQuesnelle Gold Quartz Mine Property · silverTonnes: 70851000Grade: 1.2Grade Unit: g/tContained Metal: 2633000Contained Unit: ozView all detailsHide details
Identity
- Project
- Quesnelle Gold Quartz Mine Property
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:fb8f6e1c9c0bc145c492
- Deposit or zone
- Halo-North Hixon Zones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 70851000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 2633000
- Contained Unit
- oz
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-09-26
Metal Equivalent
- Metal Eq. Grade
- 0.444
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada Ltd. and MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: This inaugural inferred silver resource is a byproduct and contributes to the overall AuEq, but it is in a lower confidence category with low grades and no metallurgical testwork.
Positive factors
- Maiden Resource
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Open Pit Mining Method
Negative factors
- High Proportion of Inferred Resources
- Low Grade for Silver
- No Metallurgical Testwork Yet
Evidence · table
“1.2”
Context: 70,851
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedInaugural Mineral Resource Estimate for the Quesnelle · goldTonnes: 9966000Grade: 175Grade Unit: 000View all detailsHide details
Identity
- Project
- Inaugural Mineral Resource Estimate for the Quesnelle
- Commodity
- gold
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- Resource group id
- resource:3a3f88fb19116bd91755
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9966000
- Grade
- 175
- Grade Unit
- 000
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Metal Equivalent
- Metal Eq. Grade
- 0.556
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“175”
Context: 9,966
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedInaugural Mineral Resource Estimate for the Quesnelle · silverTonnes: 9966000Grade: 494Grade Unit: 000View all detailsHide details
Identity
- Project
- Inaugural Mineral Resource Estimate for the Quesnelle
- Commodity
- silver
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- Resource group id
- resource:3a3f88fb19116bd91755
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9966000
- Grade
- 494
- Grade Unit
- 000
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Metal Equivalent
- Metal Eq. Grade
- 0.556
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“494”
Context: 9,966
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredInaugural Mineral Resource Estimate for the Quesnelle · goldTonnes: 70851000Grade: 995Grade Unit: 000View all detailsHide details
Identity
- Project
- Inaugural Mineral Resource Estimate for the Quesnelle
- Commodity
- gold
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- Resource group id
- resource:f28891b3d1805162f271
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 70851000
- Grade
- 995
- Grade Unit
- 000
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Metal Equivalent
- Metal Eq. Grade
- 0.444
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“995”
Context: 70,851
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredInaugural Mineral Resource Estimate for the Quesnelle · silverTonnes: 70851000Grade: 2633Grade Unit: 000View all detailsHide details
Identity
- Project
- Inaugural Mineral Resource Estimate for the Quesnelle
- Commodity
- silver
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- Resource group id
- resource:f28891b3d1805162f271
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 70851000
- Grade
- 2633
- Grade Unit
- 000
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Metal Equivalent
- Metal Eq. Grade
- 0.444
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2,633”
Context: 70,851
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedQuesnelle Gold Quartz Mine Property · goldTonnes: 12118000Grade: 183Grade Unit: 000View all detailsHide details
Identity
- Project
- Quesnelle Gold Quartz Mine Property
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:17662caf842e8e91b44a
- Deposit or zone
- Halo-North Hixon Zones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 12118000
- Grade
- 183
- Grade Unit
- 000
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-09-26
Metal Equivalent
- Metal Eq. Grade
- 0.479
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada Ltd. and MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: This is an inaugural indicated gold resource, providing a baseline for the project, but the grade is marginal for an open-pit operation and no metallurgical testwork has been completed. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Resource
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Open Pit Mining Method
Negative factors
- Marginal Grade for Open-Pit Gold
- No Metallurgical Testwork Yet
Evidence · table
“183”
Context: 12,118
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedQuesnelle Gold Quartz Mine Property · silverTonnes: 12118000Grade: 568Grade Unit: 000View all detailsHide details
Identity
- Project
- Quesnelle Gold Quartz Mine Property
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:17662caf842e8e91b44a
- Deposit or zone
- Halo-North Hixon Zones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 12118000
- Grade
- 568
- Grade Unit
- 000
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-09-26
Metal Equivalent
- Metal Eq. Grade
- 0.479
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada Ltd. and MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: This is an inaugural indicated gold resource, providing a baseline for the project, but the grade is marginal for an open-pit operation and no metallurgical testwork has been completed. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Resource
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Open Pit Mining Method
Negative factors
- Marginal Grade for Open-Pit Gold
- No Metallurgical Testwork Yet
Evidence · table
“568”
Context: 12,118
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredQuesnelle Gold Quartz Mine Property · goldTonnes: 84914000Grade: 1048Grade Unit: 000View all detailsHide details
Identity
- Project
- Quesnelle Gold Quartz Mine Property
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:7bfa13a2413b4c432448
- Deposit or zone
- Halo-North Hixon Zones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 84914000
- Grade
- 1048
- Grade Unit
- 000
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-09-26
Metal Equivalent
- Metal Eq. Grade
- 0.391
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada Ltd. and MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: This inaugural inferred gold resource contributes significantly to total contained metal but represents a lower confidence category with marginal grades for open-pit mining and no metallurgical testwork. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Resource
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Open Pit Mining Method
Negative factors
- High Proportion of Inferred Resources
- Marginal Grade for Open-Pit Gold
- No Metallurgical Testwork Yet
Evidence · table
“1,048”
Context: 84,914
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredQuesnelle Gold Quartz Mine Property · silverTonnes: 84914000Grade: 3022Grade Unit: 000View all detailsHide details
Identity
- Project
- Quesnelle Gold Quartz Mine Property
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- GCC
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-26T00:00:00.000Z
- Reporting standards
- ni_43_101, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Sue Bird
- Resource group id
- resource:7bfa13a2413b4c432448
- Deposit or zone
- Halo-North Hixon Zones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 84914000
- Grade
- 3022
- Grade Unit
- 000
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-09-26
Metal Equivalent
- Metal Eq. Grade
- 0.391
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada Ltd. and MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-01T00:00:00.000Z
Reasoning: This inaugural inferred gold resource contributes significantly to total contained metal but represents a lower confidence category with marginal grades for open-pit mining and no metallurgical testwork. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Maiden Resource
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Open Pit Mining Method
Negative factors
- High Proportion of Inferred Resources
- Marginal Grade for Open-Pit Gold
- No Metallurgical Testwork Yet
Evidence · table
“3,022”
Context: 84,914
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.