# Magnum Goldcorp Inc. Provides Initial LH Property Exploration Update

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf

Original source: https://money.tmx.com/en/quote/MGI/news/7660332704041756/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update

Publisher: tmx

Original announcement: 2022-07-04T17:41:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Magnum Goldcorp Inc.

- Ticker: MGI

- Exchange: TSX

- Region: British Columbia

- Primary commodity: Gold

- Secondary commodities: Pyrrhotite, Arsenopyrite

- Document categories: Drill results, Other

- Extracted: 2026-08-23 22:52:10 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Magnum Goldcorp has completed a 7-hole diamond drill program at its LH Property in British Columbia. While assay results are not yet available, the company reported several significant mineralized intercepts containing semi-massive to massive pyrrhotite and arsenopyrite.

Reasoning: The company reports successful identification of significant mineralized intercepts \(pyrrhotite/arsenopyrite\) in 5 of 7 holes, which are historically correlated with gold, but actual gold grades are pending assay.

- Positive factor: significant width of mineralized intercepts

- Positive factor: presence of semi-massive to massive pyrrhotite and arsenopyrite

- Negative factor: no assay results available yet

- Negative factor: true width not known

Facts used in scoring: 8

## Classification and evidence

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The company explicitly states that true width is not known at this time for the 2022 intercepts.

Evidence · text

> note: true width not known at this time

**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: The release mentions samples will be submitted for analysis shortly but does not disclose assay protocols or lab certification.

Evidence · text

> Samples taken will be submitted for analysis shortly

## Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

## Drill Results (8)

### LH 22-50

[Link to this fact](https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf#fact-drill-facts-0)

LH Property · gold

#### Identity

- Hole ID: LH 22-50
- Project: LH Property
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: MGI

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Intercepts are reported as < 1.5m each with no grades provided.

Evidence · table

> < 1.5 m each

Context: LH 22-50

### LH 22-52

[Link to this fact](https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf#fact-drill-facts-1)

LH Property · gold

#### Identity

- Hole ID: LH 22-52
- Project: LH Property
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: MGI

#### Geometry

- Intercept: 3 m
- From: 30.8 m
- To: 33.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Mineralized interval identified but grade is pending assay.

Evidence · table

> 3.0

Context: 30.80 - 33.80 m

### LH 22-52

[Link to this fact](https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf#fact-drill-facts-2)

LH Property · gold

#### Identity

- Hole ID: LH 22-52
- Project: LH Property
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: MGI

#### Geometry

- Intercept: 24.95 m
- From: 43.05 m
- To: 68 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Significant width of 24.95m identified, though grade is pending.

Evidence · table

> 24.95

Context: 43.05 - 68.00 m

### LH 22-53

[Link to this fact](https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf#fact-drill-facts-3)

LH Property · gold

#### Identity

- Hole ID: LH 22-53
- Project: LH Property
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: MGI

#### Geometry

- Intercept: 8.34 m
- From: 33.22 m
- To: 41.56 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Mineralized interval identified but grade is pending assay.

Evidence · table

> 8.34

Context: 33.22 - 41.56 m

### LH 22-55

[Link to this fact](https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf#fact-drill-facts-4)

LH Property · gold

#### Identity

- Hole ID: LH 22-55
- Project: LH Property
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: MGI

#### Geometry

- Intercept: 39.08 m
- From: 205.54 m
- To: 244.62 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Very wide mineralized intercept of 39.08m identified.

Evidence · table

> 39.08

Context: 205.54 - 244.62 m

### LH 22-56

[Link to this fact](https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf#fact-drill-facts-5)

LH Property · gold

#### Identity

- Hole ID: LH 22-56
- Project: LH Property
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: MGI

#### Geometry

- Intercept: 3.81 m
- From: 10.94 m
- To: 14.75 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Mineralized interval identified but grade is pending assay.

Evidence · table

> 3.81

Context: 10.94 - 14.75 m

### LH 22-56

[Link to this fact](https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf#fact-drill-facts-6)

LH Property · gold

#### Identity

- Hole ID: LH 22-56
- Project: LH Property
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: MGI

#### Geometry

- Intercept: 5.77 m
- From: 24.45 m
- To: 30.22 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Mineralized interval identified but grade is pending assay.

Evidence · table

> 5.77

Context: 24.45 - 30.22 m

### LH 22-56

[Link to this fact](https://atlas-staging.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--8c9727ff-e724-4856-a70c-18e3c1b5e3bf#fact-drill-facts-7)

LH Property · gold

#### Identity

- Hole ID: LH 22-56
- Project: LH Property
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: MGI

#### Geometry

- Intercept: 10.53 m
- From: 215.5 m
- To: 226.03 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Significant width of 10.53m identified.

Evidence · table

> 10.53

Context: 215.50 - 226.03 m

## 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.