Loyalist Exploration Discloses Grade-Tonnage Sensitivity for Tully Gold Project Mineral Resource Estimate
Original announcement by jmn on
- Company
- Loyalist Exploration Limited
- Ticker
- PNGC
- Exchange
- CSE
- Region
- Timmins Gold Camp, Ontario
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Other
- Extracted
- 2026-10-19 12:32:02 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Loyalist Exploration has released grade-tonnage sensitivity data for its Tully Gold Project to support an ongoing Preliminary Economic Assessment (PEA). The data illustrates how the underground mineral resource responds to various cut-off grades, highlighting a robust high-grade core.
Reasoning: The document provides sensitivity analysis (grade-tonnage) for an existing MRE rather than a new resource estimate.
Positive factors
- illustrates presence of a higher-grade core that remains robust even at elevated cut-offs
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
- sensitivity data is for illustrative purposes only
Facts used in scoring: 12
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides sensitivity analysis for an existing 2026 Mineral Resource Estimate.
Evidence · text
“The sensitivity data presented below is derived from the independent Technical Report supporting the 2026 MRE”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (12)
indicatedTully Gold Project · goldTonnes: 1620000Grade: 3.16Grade Unit: g/tContained Metal: 164000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e5cf1bd7480a61a837da
- Deposit or zone
- Tully Gold Project
Resource Data
- Category
- indicated
- Tonnes
- 1620000
- Grade
- 3.16
- Grade Unit
- g/t
- Contained Metal
- 164000
- Contained Unit
- oz
- 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
- 2026-07-07T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Base-case Indicated resource from the previously announced 2026 MRE.
Evidence · text
“Indicated Mineral Resource of 1.62 million tonnes grading 3.16 g/t Au containing 164,000 ounces of gold”
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredTully Gold Project · goldTonnes: 950000Grade: 2.03Grade Unit: g/tContained Metal: 62000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:890f8c376b415a3be970
- Deposit or zone
- Tully Gold Project
Resource Data
- Category
- inferred
- Tonnes
- 950000
- Grade
- 2.03
- Grade Unit
- g/t
- Contained Metal
- 62000
- Contained Unit
- oz
- 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
- 2026-07-07T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Base-case Inferred resource from the previously announced 2026 MRE.
Evidence · text
“Inferred Mineral Resource of 0.95 million tonnes grading 2.03 g/t Au containing 62,000 ounces of gold”
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedTully Gold Project · goldTonnes: 407000Grade: 9.19Grade Unit: g/tContained Metal: 120Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:043d49ea06c8826c99ef
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 3.0 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“9.19”
Context: 407
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredTully Gold Project · goldTonnes: 150000Grade: 6.45Grade Unit: g/tContained Metal: 31Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:f03a212957672aa25235
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 3.0 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“6.45”
Context: 150
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedTully Gold Project · goldTonnes: 500000Grade: 7.98Grade Unit: g/tContained Metal: 128Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:6cb927dd019d6a57fc89
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 2.5 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“7.98”
Context: 500
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredTully Gold Project · goldTonnes: 205000Grade: 5.43Grade Unit: g/tContained Metal: 36Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:c0cfc03037a1fc39a42f
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 2.5 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“5.43”
Context: 205
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedTully Gold Project · goldTonnes: 633000Grade: 6.78Grade Unit: g/tContained Metal: 138Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:378ffaa821a83b2aee29
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 2.0 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“6.78”
Context: 633
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredTully Gold Project · goldTonnes: 313000Grade: 4.34Grade Unit: g/tContained Metal: 44Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b28d9c8dea423686f4ff
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 2.0 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“4.34”
Context: 313
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedTully Gold Project · goldTonnes: 824000Grade: 5.61Grade Unit: g/tContained Metal: 149Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:f539839cd4b7f496aa04
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 1.5 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“5.61”
Context: 824
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredTully Gold Project · goldTonnes: 436000Grade: 3.6Grade Unit: g/tContained Metal: 51Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:8c1b4d07058b854805c1
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 1.5 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“3.60”
Context: 436
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedTully Gold Project · goldTonnes: 1014000Grade: 4.8Grade Unit: g/tContained Metal: 156Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:ad0a7df0579770e14c37
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 1.1 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“4.80”
Context: 1,014
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredTully Gold Project · goldTonnes: 604000Grade: 2.96Grade Unit: g/tContained Metal: 57Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tully Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Timmins Gold Camp, Ontario
- Ticker
- PNGC
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7cd479454b25c4bd8419
- Deposit or zone
- Tully Gold Project
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
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Sensitivity analysis row for 1.1 g/t cut-off.
Negative factors
- does not constitute a new or updated Mineral Resource Estimate
Evidence · table
“2.96”
Context: 604
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
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.