# MHC: Drilling Delivers 21.34m at 1.72g/t Au at Jaws Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mhc-drilling-delivers-21-34m-at-1-72g-t-au-at-jaws--cee6bcf7-a1f5-4237-a25a-4aa233d33787 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143315 Publisher: asx Original announcement: 2026-09-24T00:57:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-24T01:03:19.240Z Atlas analysis updated: 2026-09-24T01:03:19.240Z - Company: Manhattan Gold Corporation Limited - Ticker: MHC - Exchange: ASX - Region: Nunavut, Canada - Primary commodity: Gold - Secondary commodities: Copper, Arsenic, Zinc, Lead, Silver - Document categories: Drill results, Other - Extracted: 2026-09-24 01:03:19 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Manhattan Gold Corporation Limited reports strong gold assay results from a major 275m step-out drillhole JWS26012 at its Jaws prospect within the Hook Lake Project in Nunavut, Canada. The hole returned 21.34m at 1.72g/t Au from 32.0m, including high-grade sub-intervals, extending the known strike length to 1.25km and confirming shallow mineralization. The company also announced ongoing regional exploration activities and dispatch of samples for scoping metallurgical tests. Reasoning: Drillhole JWS26012 delivered strong gold intercepts, including high-grade sub-intervals, significantly extending the known mineralization at Jaws in a major step-out, indicating potential for further growth and confirming shallow gold. The results are supported by disclosed QA/QC and a Competent Person sign-off, though true widths are not yet known. - Positive factor: Major step-out confirms shallow gold mineralization - Positive factor: Extends strike length significantly - Positive factor: High-grade gold intercepts within broader mineralization - Positive factor: Multiple regional targets being tested - Positive factor: QA/QC procedures disclosed - Positive factor: Competent Person signed off on results - Negative factor: True width of intercepts not known - Negative factor: Historical resource estimate not JORC compliant - Negative factor: Some drillholes did not reach target depth due to ground conditions Facts used in scoring: 7 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drillhole JWS26012 represents a major 275m step-out southwest of the nearest drillhole, confirming shallow gold mineralisation and extending the known strike length. Evidence · text > Major 275m step-out confirms shallow gold mineralisation **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The sub-interval of 1.52m at 9.35g/t Au in JWS26012 is well above the exceptional threshold for gold in an open pit orogenic deposit \(5 g/t Au\). Evidence · table > 9.35 Context: 1.52 **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 includes detailed QA/QC procedures, including the use of ALS Laboratories, insertion of blanks, standards, and duplicates, and sign-off by a Competent Person. Evidence · text > Samples analysed by ALS Laboratories. ... Quality control samples are inserted into the sample stream at a rate of 10% consisting of coarse blanks CDN BL-10T or OREAS C26e, certified reference material OREAS 236b and CDN-GS-1P5X, and field duplicates. These are assessed by MHC technical staff **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 explicitly states that 'Reported intervals are drilled lengths not true thicknesses'. Evidence · text > Reported intervals are drilled lengths not true thicknesses. **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: The JORC Table 1 commentary mentions that 'Samples over 1% Cu, As, Zn, Pb or 100g/t Ag are re-assayed by OG62 methods', indicating the presence of these elements which can be deleterious. Evidence · text > Samples over 1% Cu, As, Zn, Pb or 100g/t Ag are re-assayed by OG62 methods. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The document references BG Gold's Vickers deposit, located ~150km east within the same greenstone belt, to provide regional context for gold grades. Evidence · text > For regional context, the gold grades returned from 2026 drilling at Jaws sit within the range reported at BG Gold's Vickers deposit, which applied a 0.90g/t Au cut-off grade for its positive preliminary economic assessment **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: The cut-off grade for reporting significant intercepts is clearly stated as >0.1g/t Au. Evidence · text > Significant intercepts are calculated as an interval >0.1g/t Au with no more than 4.56m of internal dilution **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: The document clearly states the cut-off grade \(>0.1g/t Au\) and internal dilution rules \(no more than 4.56m of internal dilution\) used for calculating significant intercepts. Evidence · text > Significant intercepts are calculated as an interval >0.1g/t Au with no more than 4.56m of internal dilution \(15ft - 3 RC drill rods\). ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### JWS26012 [Link to this fact](https://atlas-staging.minestarters.com/news/mhc-drilling-delivers-21-34m-at-1-72g-t-au-at-jaws--cee6bcf7-a1f5-4237-a25a-4aa233d33787#fact-drill-facts-0) Hook Lake · gold #### Identity - Hole ID: JWS26012 - Project: Hook Lake - Commodity: gold - Region: canada\_nu - Reported Region: canada\_nu - Ticker: MHC #### Geometry - Grade: 1.72 - Grade Unit: g/t - Intercept: 21.34 m - From: 32 m - To: 53.34 m - Hole Depth: 182.88 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: JWS26012:32-53.34 - Mining Method: open\_pit #### Location - Easting: 345780 - Northing: 6874607 - CRS: NAD83 UTM Zone 15N - Elevation: 56 m - Azimuth: 110 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: copper, arsenic, zinc, lead, silver #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 4.56 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: The intercept of 21.34m at 1.72g/t Au is a strong result for an open pit orogenic deposit, indicating significant shallow mineralization and contributing to the overall strike extension. - Positive factor: Strong gold grade for open pit orogenic deposit - Positive factor: Significant intercept length - Positive factor: Shallow mineralization from 32m - Positive factor: Part of a major step-out drillhole - Negative factor: True width not known Evidence · table > 1.72 Context: 21.34 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• Geochemical anomalies are present along strike of the Turquetil Gold deposit to the northeast and southwest." ### JWS26012 [Link to this fact](https://atlas-staging.minestarters.com/news/mhc-drilling-delivers-21-34m-at-1-72g-t-au-at-jaws--cee6bcf7-a1f5-4237-a25a-4aa233d33787#fact-drill-facts-1) Hook Lake · gold #### Identity - Hole ID: JWS26012 - Project: Hook Lake - Commodity: gold - Region: canada\_nu - Reported Region: canada\_nu - Ticker: MHC #### Geometry - Grade: 4.89 - Grade Unit: g/t - Intercept: 4.57 m - From: 45.72 m - To: 50.29 m - Hole Depth: 182.88 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: JWS26012:45.72-50.29 - Mining Method: open\_pit #### Location - Easting: 345780 - Northing: 6874607 - CRS: NAD83 UTM Zone 15N - Elevation: 56 m - Azimuth: 110 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: copper, arsenic, zinc, lead, silver #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 4.56 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This high-grade sub-interval of 4.57m at 4.89g/t Au is a very strong result, approaching bonanza grades for an open pit orogenic deposit, enhancing the overall significance of the main intercept. - Positive factor: High-grade gold intercept, near exceptional for open pit orogenic deposit - Positive factor: Occurs within a broader significant intercept - Positive factor: Shallow mineralization - Negative factor: True width not known Evidence · table > 4.89 Context: 4.57 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• Geochemical anomalies are present along strike of the Turquetil Gold deposit to the northeast and southwest." ### JWS26012 [Link to this fact](https://atlas-staging.minestarters.com/news/mhc-drilling-delivers-21-34m-at-1-72g-t-au-at-jaws--cee6bcf7-a1f5-4237-a25a-4aa233d33787#fact-drill-facts-2) Hook Lake · gold #### Identity - Hole ID: JWS26012 - Project: Hook Lake - Commodity: gold - Region: canada\_nu - Reported Region: canada\_nu - Ticker: MHC #### Geometry - Grade: 9.35 - Grade Unit: g/t - Intercept: 1.52 m - From: 45.72 m - To: 47.24 m - Hole Depth: 182.88 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: JWS26012:45.72-47.24 - Mining Method: open\_pit #### Location - Easting: 345780 - Northing: 6874607 - CRS: NAD83 UTM Zone 15N - Elevation: 56 m - Azimuth: 110 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: copper, arsenic, zinc, lead, silver #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 4.56 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This bonanza-grade sub-interval of 1.52m at 9.35g/t Au is an exceptional result, highlighting very high-grade zones within the broader mineralization and significantly boosting the overall prospectivity. - Positive factor: Bonanza grade gold intercept, well above exceptional thresholds for open pit orogenic deposit - Positive factor: Occurs within a broader significant intercept - Positive factor: Shallow mineralization - Negative factor: Narrow intercept length - Negative factor: True width not known Evidence · table > 9.35 Context: 1.52 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• Geochemical anomalies are present along strike of the Turquetil Gold deposit to the northeast and southwest." ### JWS26011 [Link to this fact](https://atlas-staging.minestarters.com/news/mhc-drilling-delivers-21-34m-at-1-72g-t-au-at-jaws--cee6bcf7-a1f5-4237-a25a-4aa233d33787#fact-drill-facts-3) Hook Lake · gold #### Identity - Hole ID: JWS26011 - Project: Hook Lake - Commodity: gold - Region: canada\_nu - Reported Region: canada\_nu - Ticker: MHC #### Geometry - Grade: 0.2 - Grade Unit: g/t - Intercept: 1.52 m - From: 129.54 m - To: 131.06 m - Hole Depth: 176.78 m - Intercept Depth: 129.54 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: JWS26011:129.54-131.06 - Mining Method: open\_pit #### Location - Easting: 346907 - Northing: 6875148 - CRS: NAD83 UTM Zone 15N - Elevation: 65 m - Azimuth: 145 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: copper, arsenic, zinc, lead, silver #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 4.56 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This intercept, while low-grade, is significant for confirming anomalous gold values in a major step-out hole \(650m outside historic drilling\), expanding the potential search space at Jaws. - Positive factor: Confirms anomalous gold values 650m outside historic drilling footprint - Positive factor: Extends the overall search space for mineralization - Negative factor: Low gold grade, below weak threshold for open pit orogenic deposit - Negative factor: Narrow intercept length - Negative factor: True width not known Evidence · table > 0.20 Context: 1.52 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• Geochemical anomalies are present along strike of the Turquetil Gold deposit to the northeast and southwest." ### JWS26011 [Link to this fact](https://atlas-staging.minestarters.com/news/mhc-drilling-delivers-21-34m-at-1-72g-t-au-at-jaws--cee6bcf7-a1f5-4237-a25a-4aa233d33787#fact-drill-facts-4) Hook Lake · gold #### Identity - Hole ID: JWS26011 - Project: Hook Lake - Commodity: gold - Region: canada\_nu - Reported Region: canada\_nu - Ticker: MHC #### Geometry - Grade: 0.11 - Grade Unit: g/t - Intercept: 1.52 m - From: 147.83 m - To: 149.35 m - Hole Depth: 176.78 m - Intercept Depth: 129.54 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: JWS26011:147.83-149.35 - Mining Method: open\_pit #### Location - Easting: 346907 - Northing: 6875148 - CRS: NAD83 UTM Zone 15N - Elevation: 65 m - Azimuth: 145 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: copper, arsenic, zinc, lead, silver #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 4.56 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This very low-grade intercept, while meeting the cut-off, primarily serves to confirm the presence of anomalous gold in a significant step-out hole, contributing to the expanded search space rather than economic grade. - Positive factor: Confirms anomalous gold values 650m outside historic drilling footprint - Positive factor: Extends the overall search space for mineralization - Negative factor: Very low gold grade, below weak threshold for open pit orogenic deposit - Negative factor: Narrow intercept length - Negative factor: True width not known Evidence · table > 0.11 Context: 1.52 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• Geochemical anomalies are present along strike of the Turquetil Gold deposit to the northeast and southwest." ### JWS26007 [Link to this fact](https://atlas-staging.minestarters.com/news/mhc-drilling-delivers-21-34m-at-1-72g-t-au-at-jaws--cee6bcf7-a1f5-4237-a25a-4aa233d33787#fact-drill-facts-5) Hook Lake · gold #### Identity - Hole ID: JWS26007 - Project: Hook Lake - Commodity: gold - Region: canada\_nu - Reported Region: canada\_nu - Ticker: MHC #### Geometry - Grade: 0.38 - Grade Unit: g/t - Intercept: 1.53 m - From: 42.67 m - To: 44.2 m - Hole Depth: 54.86 m - Intercept Depth: 42.67 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: JWS26007:42.67-44.2 - Mining Method: open\_pit #### Location - Easting: 346302 - Northing: 6874885 - CRS: NAD83 UTM Zone 15N - Elevation: 58 m - Azimuth: 150 ° - Dip: -45 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: copper, arsenic, zinc, lead, silver #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 4.56 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This intercept shows weak gold mineralization and the hole did not reach its target depth, limiting its overall significance, though it confirms the presence of gold. - Positive factor: Confirms gold mineralization at this location - Negative factor: Low gold grade, at the weak threshold for open pit orogenic deposit - Negative factor: Narrow intercept length - Negative factor: Hole did not reach target depth due to poor ground conditions - Negative factor: True width not known Evidence · table > 0.38 Context: 1.53 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• Geochemical anomalies are present along strike of the Turquetil Gold deposit to the northeast and southwest." ### JWS26007b [Link to this fact](https://atlas-staging.minestarters.com/news/mhc-drilling-delivers-21-34m-at-1-72g-t-au-at-jaws--cee6bcf7-a1f5-4237-a25a-4aa233d33787#fact-drill-facts-6) Hook Lake · gold #### Identity - Hole ID: JWS26007b - Project: Hook Lake - Commodity: gold - Region: canada\_nu - Reported Region: canada\_nu - Ticker: MHC #### Geometry - Grade: 0.13 - Grade Unit: g/t - Intercept: 3.05 m - From: 10.67 m - To: 13.72 m - Hole Depth: 30.5 m - Intercept Depth: 10.67 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: JWS26007b:10.67-13.72 - Mining Method: open\_pit #### Location - Easting: 346304 - Northing: 6874886 - CRS: NAD83 UTM Zone 15N - Elevation: 58 m - Azimuth: 150 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: copper, arsenic, zinc, lead, silver #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 4.56 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This intercept shows very low-grade gold mineralization at shallow depth, but the hole's failure to reach target depth limits its overall geological insight. - Positive factor: Confirms gold mineralization at this shallow depth - Negative factor: Very low gold grade, below weak threshold for open pit orogenic deposit - Negative factor: Hole did not reach target depth due to poor ground conditions - Negative factor: True width not known Evidence · table > 0.13 Context: 3.05 #### Tags used in scoring **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: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "• Geochemical anomalies are present along strike of the Turquetil Gold deposit to the northeast and southwest." ## 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.