# Loyalist Exploration Discloses Grade-Tonnage Sensitivity for Tully Gold Project Mineral Resource Estimate Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c Original source: https://orestocks.com/company/PNGC.CN/press-releases/5889836813925791 Publisher: orestocks Original announcement: 2026-10-19T10:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-19T11:08:51.377Z Atlas analysis updated: 2026-10-19T11:08:51.377Z - Company: Loyalist Exploration Limited - Ticker: PNGC.CN - Exchange: Unavailable - Region: Ontario - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-10-19 11:08:52 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Loyalist Exploration has released grade-tonnage sensitivity data for the Tully Gold Project to support its ongoing Preliminary Economic Assessment \(PEA\). The data illustrates how the underground mineral resource responds to various gold cut-off grades, highlighting a robust high-grade core. Reasoning: The document provides sensitivity analysis for an existing MRE to support a PEA, rather than announcing new geological findings or resource changes. - Positive factor: demonstrates robust higher-grade core at elevated cut-offs - Positive factor: provides transparency for upcoming PEA - Negative factor: not a new or updated Mineral Resource Estimate - Negative factor: illustrative sensitivity data only Facts used in scoring: 10 ## Classification and evidence **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The document provides sensitivity analysis for an existing MRE from June 2026 rather than new assay results. Evidence · text > does not constitute a new or updated Mineral Resource Estimate ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Resource Estimates (10) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-0) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:4de23ce0161d33b8115e #### Resource Data - Category: indicated - Tonnes: 407000 - Grade: 9.19 - Grade Unit: g/t - Contained Metal: 120 - Contained Unit: koz - Cutoff Grade: 3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: High grade intercept at 3.0 g/t cut-off, but part of a sensitivity table for an existing MRE. - Positive factor: high grade of 9.19 g/t Au - Negative factor: historical sensitivity data Evidence · table > 9.19 Context: 407 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-1) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:d1b5db097e6079f4fc92 #### Resource Data - Category: inferred - Tonnes: 150000 - Grade: 6.45 - Grade Unit: g/t - Contained Metal: 31 - Contained Unit: koz - Cutoff Grade: 3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Strong grade for an inferred category, but part of a sensitivity table for an existing MRE. - Positive factor: strong grade for inferred category - Negative factor: historical sensitivity data Evidence · table > 6.45 Context: 150 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-2) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:6fe7ac5aca6b44b1291d #### Resource Data - Category: indicated - Tonnes: 500000 - Grade: 7.98 - Grade Unit: g/t - Contained Metal: 128 - Contained Unit: koz - Cutoff Grade: 2.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Strong grade at 2.5 g/t cut-off, but part of a sensitivity table for an existing MRE. - Positive factor: strong grade of 7.98 g/t Au - Negative factor: historical sensitivity data Evidence · table > 7.98 Context: 500 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-3) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:224c87274fc0829fc9b7 #### Resource Data - Category: inferred - Tonnes: 205000 - Grade: 5.43 - Grade Unit: g/t - Contained Metal: 36 - Contained Unit: koz - Cutoff Grade: 2.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Strong grade for an inferred category, but part of a sensitivity table for an existing MRE. - Positive factor: strong grade for inferred category - Negative factor: historical sensitivity data Evidence · table > 5.43 Context: 205 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-4) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:1bcadbed22b1c4594866 #### Resource Data - Category: indicated - Tonnes: 633000 - Grade: 6.78 - Grade Unit: g/t - Contained Metal: 138 - Contained Unit: koz - Cutoff Grade: 2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Strong grade at 2.0 g/t cut-off, but part of a sensitivity table for an existing MRE. - Positive factor: strong grade of 6.78 g/t Au - Negative factor: historical sensitivity data Evidence · table > 6.78 Context: 633 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-5) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:92ed66a44d427648924c #### Resource Data - Category: inferred - Tonnes: 313000 - Grade: 4.34 - Grade Unit: g/t - Contained Metal: 44 - Contained Unit: koz - Cutoff Grade: 2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Strong grade for an inferred category, but part of a sensitivity table for an existing MRE. - Positive factor: strong grade for inferred category - Negative factor: historical sensitivity data Evidence · table > 4.34 Context: 313 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-6) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:8e4f87ce52050199f13c #### Resource Data - Category: indicated - Tonnes: 824000 - Grade: 5.61 - Grade Unit: g/t - Contained Metal: 149 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Strong grade at 1.5 g/t cut-off, but part of a sensitivity table for an existing MRE. - Positive factor: strong grade of 5.61 g/t Au - Negative factor: historical sensitivity data Evidence · table > 5.61 Context: 824 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-7) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:eb28fc9503c764953f94 #### Resource Data - Category: inferred - Tonnes: 436000 - Grade: 3.6 - Grade Unit: g/t - Contained Metal: 51 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Strong grade for an inferred category, but part of a sensitivity table for an existing MRE. - Positive factor: strong grade for inferred category - Negative factor: historical sensitivity data Evidence · table > 3.60 Context: 436 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-8) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:518b8e5d64e692dc4224 #### Resource Data - Category: indicated - Tonnes: 1014000 - Grade: 4.8 - Grade Unit: g/t - Contained Metal: 156 - Contained Unit: koz - Cutoff Grade: 1.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Strong grade at 1.1 g/t cut-off, but part of a sensitivity table for an existing MRE. - Positive factor: strong grade of 4.80 g/t Au - Negative factor: historical sensitivity data Evidence · table > 4.80 Context: 1,014 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-exploration-discloses-grade-tonnage-sensitivity-for-tully-gold-project--8362c8f5-96d3-4dcf-b98c-89d6dbcf508c#fact-resource-facts-9) Tully Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Tully Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: PNGC.CN #### Resource scope - Estimate type: resource - Resource group id: resource:4385a51cefddf9a3cf40 #### Resource Data - Category: inferred - Tonnes: 604000 - Grade: 2.96 - Grade Unit: g/t - Contained Metal: 57 - Contained Unit: koz - Cutoff Grade: 1.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Solid grade for an inferred category, but part of a sensitivity table for an existing MRE. - Positive factor: solid grade for inferred category - Negative factor: historical sensitivity data Evidence · table > 2.96 Context: 604 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## 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.