# Loyalist Files 2026 Mineral Resource Estimate Of 1.62 MT Indicated At 3.16 G/T AU \(164,000 OZ\) And 0.95 MT Inferred At 2.03 G/T AU \(62,000 OZ\) At The Tully Gold Project, Timmins, Ontario Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/loyalist-files-2026-mineral-resource-estimate-of-1-62-mt-indicated-at-3-16-g-t-a--ba54e53a-18e0-473e-90f2-eabcfd3aa8e6 Original source: https://orestocks.com/company/PNGC.CN/press-releases/7499067587078376 Publisher: orestocks Original announcement: 2026-08-21T21:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Loyalist Exploration Limited - Ticker: PNGC.CN - Exchange: Unavailable - Region: Ontario - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-08-21 22:35:14 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Loyalist Exploration Limited has released its 2026 Mineral Resource Estimate for the Tully Gold Project in Ontario. The estimate includes 1.62 Mt of Indicated resource at 3.16 g/t Au and 0.95 Mt of Inferred resource at 2.03 g/t Au, representing a significant increase in Indicated metal compared to historical estimates. Reasoning: The 2026 MRE shows a substantial increase in Indicated gold resources \(76% growth vs 2008 historical\) with a high proportion of the metal in the Indicated category, supporting underground mining potential. - Positive factor: Significant Indicated resource growth vs historical - Positive factor: High M&I percentage \(73% of gold is Indicated\) - Positive factor: NI 43-101 compliant with independent QP sign-off - Positive factor: Cut-off grade disclosed Facts used in scoring: 2 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The estimate includes 1.62 Mt of Indicated resource at 3.16 g/t Au. Evidence · text > 1.62 MT Indicated At 3.16 G/T AU **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The estimate includes 0.95 Mt of Inferred resource at 2.03 g/t Au. Evidence · text > 0.95 MT Inferred At 2.03 G/T AU **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Indicated gold resource increased from 93,140 oz in 2008 to 164,000 oz in 2026. Evidence · text > increases the Indicated Mineral Resource from 93,140 ounces in the 2008 historical estimate to 164,000 ounces, an increase of 76% **QP/CP Signed** Polarity: positive Definition: 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: Independent Qualified Persons Charles Spath and Eugene Puritch are named. Evidence · text > prepared by Charles Spath, M.Sc., P.Geo., and Eugene Puritch, P.Eng., FEC, CET, of P&E Mining Consultants Inc. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with National Instrument 43-101 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The cut-off grade of 1.1 g/t Au is explicitly stated in the resource table. Evidence · table > 1.1 Context: Indicated ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-files-2026-mineral-resource-estimate-of-1-62-mt-indicated-at-3-16-g-t-a--ba54e53a-18e0-473e-90f2-eabcfd3aa8e6#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: PNGC.CN #### Resource Data - Category: indicated - Tonnes: 1620000 - Grade: 3.16 - Grade Unit: g/t - Contained Metal: 164000 - Contained Unit: oz - Cutoff Grade: 1.1 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-21T00:00:00.000Z Reasoning: Indicated resource of 1.62 Mt at 3.16 g/t Au is a strong, high-confidence component of the project. - Positive factor: Strong grade for underground potential - Positive factor: Significant growth vs historical Evidence · table > 3.16 Context: 1,620 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/loyalist-files-2026-mineral-resource-estimate-of-1-62-mt-indicated-at-3-16-g-t-a--ba54e53a-18e0-473e-90f2-eabcfd3aa8e6#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: PNGC.CN #### Resource Data - Category: inferred - Tonnes: 948000 - Grade: 2.03 - Grade Unit: g/t - Contained Metal: 62000 - Contained Unit: oz - Cutoff Grade: 1.1 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-21T00:00:00.000Z Reasoning: Inferred resource provides additional scale but carries higher geological risk. - Positive factor: Adds significant tonnage to the project - Negative factor: Lower geological confidence Evidence · table > 2.03 Context: 948 ## 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.