# LUNDIN GOLD DRILLS 491.62 G/T AU OVER 5.20M; EXPLORATION CONFIRMS LARGER MINERALIZED SYSTEMS AT BOTH FDNS AND FDN EAST

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lundin-gold-drills-491-62-g-t-au-over-5-20m-exploration-confirms-larger-minerali--4ee9efdd-67a3-4f79-ad6d-18eb774a9be0

Original source: https://finance.yahoo.com/news/lundin-gold-drills-491-62-000000086.html

Publisher: yahoo\_press

Original announcement: 2025-11-21T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-21T08:21:26.511Z

Atlas analysis updated: 2026-09-21T08:21:26.511Z

- Company: Lundin Gold Inc.

- Ticker: LUG

- Exchange: TSX

- Region: Ecuador

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Resource update

- Extracted: 2026-09-21 08:21:27 UTC

Narrative sentiment: 1.00 · Bullish

## Minestarters Atlas summary

Lundin Gold has reported exceptional drill results at its Fruta del Norte mine in Ecuador, headlined by a 491.62 g/t Au intercept over 5.20m. The company is also progressing its 2025 conversion program to support an upcoming Mineral Reserve estimate in early 2026.

Reasoning: The headline reports an exceptional bonanza grade of 491.62 g/t Au over 5.20m, which significantly exceeds the 75th percentile for epithermal gold deposits. Additionally, the company is successfully converting Inferred resources toward a Mineral Reserve estimate.

- Positive factor: Bonanza grade intercept

- Positive factor: Exploration confirms larger mineralized systems

- Positive factor: Conversion drilling advancing toward Mineral Reserve estimate

Facts used in scoring: 1

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 491.62 g/t Au is exceptionally high-grade for an epithermal gold deposit.

Evidence · text

> 491.62 G/T AU

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Exploration results confirm larger mineralized systems at FDNS and FDN East.

Evidence · text

> EXPLORATION CONFIRMS LARGER MINERALIZED SYSTEMS AT BOTH FDNS AND FDN EAST

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/lundin-gold-drills-491-62-g-t-au-over-5-20m-exploration-confirms-larger-minerali--4ee9efdd-67a3-4f79-ad6d-18eb774a9be0#fact-drill-facts-0)

Fruta del Norte South · gold

Needs review: ungrounded

#### Identity

- Project: Fruta del Norte South
- Commodity: gold
- Region: ecuador
- Reported Region: ecuador
- Ticker: LUG

#### Geometry

- Grade: 491.62
- Grade Unit: g/t
- Intercept: 5.2 m

#### Classification

- Deposit Type: epithermal
- Program: mixed
- Sample Type: drill
- Mining Method: unknown

#### Review

- Needs Review: Yes
- Review Reason: ungrounded
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-11-21T00:00:00.000Z

Reasoning: 491.62 g/t Au is an exceptional bonanza grade for an epithermal system.

- Positive factor: Bonanza grade

Evidence · text

> 491.62 G/T AU OVER 5.20M

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

## 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.