# MetalCorp Announces Positive Results of Drilling at Red Lake Property

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920

Original source: https://money.tmx.com/en/quote/MTC/news/7966618840345583/metalcorp-announces-positive-results-of-drilling-at-red-lake-property

Publisher: tmx

Original announcement: 2022-05-04T21:42:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: MetalCorp Limited

- Ticker: MTC

- Exchange: TSX

- Region: Ontario

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results

- Extracted: 2026-08-25 23:19:17 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

MetalCorp Limited announced positive results from its initial exploratory drill campaign at the Black Bear Property in the Red Lake, Ontario, area. The program confirmed gold mineralization in two of six holes, with the highest individual intercept being 3.16 g/t gold over 1.0 meter and a composite of 1.66 g/t gold over 2.0 meters. The company plans a follow-up campaign based on these results, which were supported by robust QA/QC protocols and a Qualified Person sign-off.

Reasoning: MetalCorp's initial exploratory drill program at the Black Bear Property in the Red Lake camp successfully identified gold mineralization in two of six holes. While the grades are not exceptionally high, they confirm the presence of gold and warrant follow-up, representing a positive first step for the project. Strong QA/QC disclosure adds confidence to the results.

- Positive factor: Initial exploration confirms gold mineralization

- Positive factor: QA/QC procedures disclosed and certified lab used

- Positive factor: Qualified Person has signed off on results

- Negative factor: Grades are generally low for the Red Lake gold camp

- Negative factor: True widths are not disclosed for any intercepts

Facts used in scoring: 28

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release explicitly states that 'Quality control protocols were introduced throughout the drilling program' and mentions 'Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream'.

Evidence · text

> Quality control protocols were introduced throughout the drilling program. Drill core was transported to a secure core storage facility located in Red Lake, Ontario. At the Red Lake facility, some core samples from the program were split in half using a diamond cutting saw, before being sent to MetalCorp's facilities in Thunder Bay where one half is being retained and the other half was forwarded to Activation Laboratories \(Actlabs\), a certified laboratory in Thunder Bay, to be assayed for mineral content. At MetalCorp's facilities a further review of the core was undertaken and additional core samples were identified for testing for mineral content. Those additional core samples were split in half using a diamond cutting saw, one half being retained and the other half forwarded to Activation Laboratories \(Actlabs\) to be assayed for mineral content. All sample results were sent by the laboratory by e-mail to MetalCorp's geologist. All samples were analyzed for gold using standard fire assay-AA techniques. Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream, as part of MetalCorp's quality control/quality assurance program \(QA/QC\).

**QP/CP Signed**

Polarity: positive

Story-specific tag

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: The document states that the drilling program was supervised by Mitch Dumoulin, P. Geo., a 'Qualified Person' within the meaning of NI 43-101.

Evidence · text

> Mitch Dumoulin, P. Geo., a "Qualified Person" within the meaning ascribed to such term in National Instrument 43-101, Standards of Disclosure for Mineral Projects

**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 document reports intercept lengths but does not provide true widths or information to calculate them.

Evidence · text

> Length \(m\)

**Exploration Drilling**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company describes the program as an 'initial exploratory drill campaign' to 'test several areas of interest for potential gold-bearing mineralization'.

Evidence · text

> initial exploratory drill campaign comprising of six holes to test several areas of interest for potential gold-bearing mineralization

**Red Lake Gold Camp**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The project is located near Red Lake, Ontario, and the geological context is described as 'typical of the Red Lake gold camp'.

Evidence · text

> Black Bear Property, located near Red Lake, Ontario

## Extracted facts

Stored fact records: 28. Some facts used in scoring do not have a stored record.

## Drill Results (28)

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-0)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.153
- Grade Unit: g/t
- Intercept: 1 m
- From: 105 m
- To: 106 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:105.0-106.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization, which is positive for confirming the presence of gold in an initial exploration program, but not economically significant on its own.

- Negative factor: Low grade for gold

Evidence · table

> 0.153

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-1)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 3.16
- Grade Unit: g/t
- Intercept: 1 m
- From: 106 m
- To: 107 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:106.0-107.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade for an initial exploration program, confirming significant mineralization and contributing positively to the project's potential, despite its narrow width.

- Positive factor: Strong gold grade for an initial exploration intercept

- Negative factor: Narrow intercept length

Evidence · table

> 3.16

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-2)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 1.66
- Grade Unit: g/t
- Intercept: 2 m
- From: 105 m
- To: 107 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:105.0-107.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This composite interval demonstrates moderate gold mineralization over a 2-meter width, which is a positive indicator for an initial exploration program, suggesting potential for further discovery.

- Positive factor: Moderate gold grade over a reasonable width for initial exploration

Evidence · table

> 1.66

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-3)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.178
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 109.5 m
- To: 110.3 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:109.5-110.3
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.178

Context: 0.80

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-4)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.727
- Grade Unit: g/t
- Intercept: 1 m
- From: 126.5 m
- To: 127.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:126.5-127.5
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows moderate-low grade gold mineralization, which is positive for confirming the presence of gold in an initial exploration program, but not highly material.

- Negative factor: Moderate-low grade for gold

Evidence · table

> 0.727

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-5)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.243
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 127.5 m
- To: 128.2 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:127.5-128.2
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.243

Context: 0.70

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-6)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.53
- Grade Unit: g/t
- Intercept: 1.7 m
- From: 126.5 m
- To: 128.2 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:126.5-128.2
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This composite interval shows moderate-low grade gold mineralization over 1.7 meters, which is a positive indicator for an initial exploration program, but not highly material.

- Negative factor: Moderate-low grade for gold

Evidence · table

> 0.53

Context: 0.70

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-7)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.117
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 189 m
- To: 189.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:189.0-189.5
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Very narrow intercept length

Evidence · table

> 0.117

Context: 0.50

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-8)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.259
- Grade Unit: g/t
- Intercept: 1 m
- From: 191 m
- To: 192 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:191.0-192.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

Evidence · table

> 0.259

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-9)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.336
- Grade Unit: g/t
- Intercept: 1 m
- From: 192 m
- To: 193 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:192.0-193.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization, which is positive for confirming the presence of gold in an initial exploration program, but not highly material.

Evidence · table

> 0.336

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-10)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.278
- Grade Unit: g/t
- Intercept: 1 m
- From: 193 m
- To: 194 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:193.0-194.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

Evidence · table

> 0.278

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-11)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.169
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 225.2 m
- To: 225.9 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:225.2-225.9
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.169

Context: 0.70

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-12)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.574
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 229 m
- To: 230.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:229.0-230.5
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows moderate-low grade gold mineralization, which is positive for confirming the presence of gold in an initial exploration program, but not highly material.

Evidence · table

> 0.574

Context: 1.50

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-13)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.179
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 244.7 m
- To: 245.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:244.7-245.5
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.179

Context: 0.80

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-14)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.267
- Grade Unit: g/t
- Intercept: 1 m
- From: 249 m
- To: 250 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:249.0-250.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

Evidence · table

> 0.267

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-15)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.531
- Grade Unit: g/t
- Intercept: 1 m
- From: 250 m
- To: 251 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:250.0-251.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows moderate-low grade gold mineralization, which is positive for confirming the presence of gold in an initial exploration program, but not highly material.

Evidence · table

> 0.531

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-16)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.4
- Grade Unit: g/t
- Intercept: 2 m
- From: 249 m
- To: 251 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:249.0-251.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This composite interval demonstrates weak gold mineralization over a 2-meter width, which is a positive indicator for an initial exploration program, suggesting potential for further discovery.

Evidence · table

> 0.40

Context: 1.00

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-17)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.176
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 268 m
- To: 268.6 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:268.0-268.6
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Very narrow intercept length

Evidence · table

> 0.176

Context: 0.60

### BB21-24

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-18)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-24
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.342
- Grade Unit: g/t
- Intercept: 0.3 m
- From: 163.4 m
- To: 163.7 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-24:163.4-163.7
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a very narrow width, which is positive for confirming the presence of gold in an initial exploration program, but not highly material.

- Negative factor: Very narrow intercept length

Evidence · table

> 0.342

Context: 0.30

### BB21-24

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-19)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-24
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.106
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 180 m
- To: 180.8 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-24:180.0-180.8
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.106

Context: 0.80

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-20)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.153
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 92 m
- To: 92.8 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:92.0-92.8
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.153

Context: 0.80

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-21)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.19
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 159.4 m
- To: 160.2 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:159.4-160.2
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.190

Context: 0.80

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-22)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.098
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 163.45 m
- To: 164.05 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:163.45-164.05
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, which is not significant but still confirms the presence of gold in the area.

- Negative factor: Very low grade for gold

- Negative factor: Very narrow intercept length

Evidence · table

> 0.098

Context: 0.60

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-23)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.105
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 167.8 m
- To: 168.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:167.8-168.5
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, which is not significant but still confirms the presence of gold in the area.

- Negative factor: Very low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.105

Context: 0.70

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-24)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.095
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 179.3 m
- To: 180 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:179.3-180.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, which is not significant but still confirms the presence of gold in the area.

- Negative factor: Very low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.095

Context: 0.70

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-25)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.317
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 180 m
- To: 180.8 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:180.0-180.8
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a narrow width, which is positive for confirming the presence of gold in an initial exploration program, but not highly material.

- Negative factor: Narrow intercept length

Evidence · table

> 0.317

Context: 0.80

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-26)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.106
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 187.2 m
- To: 188 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:187.2-188.0
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows very low-grade gold mineralization over a very narrow width, which is not significant but still confirms the presence of gold in the area.

- Negative factor: Very low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.106

Context: 0.80

### BB21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/metalcorp-announces-positive-results-of-drilling-at-red-lake-property--109cccd0-d18e-40b4-a0ca-29ec1e9f3920#fact-drill-facts-27)

Black Bear Property · gold

#### Identity

- Hole ID: BB21-22
- Project: Black Bear Property
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: MTC

#### Geometry

- Grade: 0.199
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 291 m
- To: 291.8 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: BB21-22:291.0-291.8
- Mining Method: unknown

#### QA/QC

- Laboratory: Activation Laboratories \(Actlabs\)
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

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

#### Dates

- Event date: 2022-05-04T00:00:00.000Z

Reasoning: This intercept shows low-grade gold mineralization over a very narrow width, which is less significant but still confirms the presence of gold in the area.

- Negative factor: Low grade for gold

- Negative factor: Narrow intercept length

Evidence · table

> 0.199

Context: 0.80

## 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.