NiCAN - Additional Assays from New Near Surface Gold Discovery in Thompson Manitoba, Intersecting 19.45 Meters Averaging 1.0g/t Au and 12.2 g/t Ag

Original announcement by tmx on

Company
NiCAN Limited
Ticker
NICN
Exchange
TSX
Region
Manitoba
Primary commodity
Gold
Secondary commodities
Silver, Lead
Document categories
Drill results
Extracted
2026-08-22 03:15:27 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

NiCAN Limited announced additional assay results from a new near-surface gold discovery in Thompson, Manitoba, highlighted by an intercept of 19.45 meters averaging 1.0 g/t gold and 12.2 g/t silver. The company completed four shallow diamond drill holes to confirm historical results and expand the mineralization, which remains open in all directions. Follow-up drilling and a geophysical program are planned to further define this emerging system.

Reasoning: NiCAN has reported additional positive drill results from a new near-surface gold discovery, including several strong gold intercepts and a significant lead byproduct. The mineralization remains open in all directions, indicating good exploration potential, and the technical information is supported by a Qualified Person. However, the presence of galena suggests potential for deleterious elements like lead and sulfur.

Positive factors

  • new_discovery
  • step_out_extension
  • multiple_strong_intercepts
  • qp_signed

Negative factors

  • deleterious_elements_present

Facts used in scoring: 38

Atlas analysis — NiCAN Limited: NiCAN - Additional Assays from New Near Surface Gold Discovery in Thompson Manitoba, Intersecting 19.45 Meters Averaging 1.0g/t Au and 12.2 g/t Ag. 6.63 g/t over 5.6 m; 1.25 g/t over 27.6 m; 2.14 g/t over 14.3 m

Extracted facts

Stored fact records: 38. Some facts used in scoring do not have a stored record.

Drill Results (38)

PIPY25-04goldGrade: 1.25Grade Unit: g/tIntercept: 27.6 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04
Commodity
gold
Ticker
NICN

Geometry

Grade
1.25
Grade Unit
g/t
Intercept
27.6 m
From
20.4 m
To
48 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-04:20.4-48.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Good width and moderate gold grade, contributing to a strong grade-thickness product.

Positive factors

  • strong_gt_product
  • moderate_grade

Evidence · table

“1.25”

Context: 27.60

PIPY25-04silverGrade: 12.5Grade Unit: g/tIntercept: 27.6 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04
Commodity
silver
Ticker
NICN

Geometry

Grade
12.5
Grade Unit
g/t
Intercept
27.6 m
From
20.4 m
To
48 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-04:20.4-48.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Moderate silver grade over a good width, but silver is a secondary commodity.

Evidence · table

“12.5”

Context: 27.60

PIPY25-04goldGrade: 2.14Grade Unit: g/tIntercept: 14.3 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04
Commodity
gold
Ticker
NICN

Geometry

Grade
2.14
Grade Unit
g/t
Intercept
14.3 m
From
21.4 m
To
35.7 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-04:21.4-35.7
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Strong gold grade over a good width, indicating a higher-grade zone within the broader intercept.

Positive factors

  • strong_grade
  • strong_gt_product

Evidence · table

“2.14”

Context: 14.30

PIPY25-04silverGrade: 19.8Grade Unit: g/tIntercept: 14.3 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04
Commodity
silver
Ticker
NICN

Geometry

Grade
19.8
Grade Unit
g/t
Intercept
14.3 m
From
21.4 m
To
35.7 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-04:21.4-35.7
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Moderate silver grade over a good width, but silver is a secondary commodity.

Evidence · table

“19.8”

Context: 14.30

PIPY25-04goldGrade: 5.39Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04
Commodity
gold
Ticker
NICN

Geometry

Grade
5.39
Grade Unit
g/t
Intercept
2 m
From
33.7 m
To
35.7 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-04:33.7-35.7
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Very high gold grade over a narrow interval, indicating a bonanza-grade zone.

Positive factors

  • exceptional_grade

Negative factors

  • narrow_intercept

Evidence · table

“5.39”

Context: 2.00

PIPY25-04silverGrade: 7.1Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04
Commodity
silver
Ticker
NICN

Geometry

Grade
7.1
Grade Unit
g/t
Intercept
2 m
From
33.7 m
To
35.7 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-04:33.7-35.7
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Low silver grade over a narrow interval.

Evidence · table

“7.1”

Context: 2.00

PIPY25-05goldGrade: 0.65Grade Unit: g/tIntercept: 9.5 mView all details
Link to this fact

Identity

Hole ID
PIPY25-05
Commodity
gold
Ticker
NICN

Geometry

Grade
0.65
Grade Unit
g/t
Intercept
9.5 m
From
9.6 m
To
19.1 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-05:9.6-19.1
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Weak gold grade over a moderate width.

Evidence · table

“0.65”

Context: 9.50

PIPY25-05silverGrade: 8.4Grade Unit: g/tIntercept: 9.5 mView all details
Link to this fact

Identity

Hole ID
PIPY25-05
Commodity
silver
Ticker
NICN

Geometry

Grade
8.4
Grade Unit
g/t
Intercept
9.5 m
From
9.6 m
To
19.1 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-05:9.6-19.1
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Low silver grade over a moderate width.

Evidence · table

“8.4”

Context: 9.50

PIPY25-07goldGrade: 0.21Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
PIPY25-07
Commodity
gold
Ticker
NICN

Geometry

Grade
0.21
Grade Unit
g/t
Intercept
8 m
From
30 m
To
38 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-07:30.0-38.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Low gold grade over a moderate width.

Evidence · table

“0.21”

Context: 8.00

PIPY25-07silverGrade: 1.2Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
PIPY25-07
Commodity
silver
Ticker
NICN

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
8 m
From
30 m
To
38 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-07:30.0-38.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Very low silver grade over a moderate width.

Evidence · table

“1.2”

Context: 8.00

PIPY25-07goldGrade: 1.25Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
PIPY25-07
Commodity
gold
Ticker
NICN

Geometry

Grade
1.25
Grade Unit
g/t
Intercept
4 m
From
81.5 m
To
85.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-07:81.5-85.5
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Moderate gold grade over a narrow width.

Evidence · table

“1.25”

Context: 4.00

PIPY25-07silverGrade: 3.64Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
PIPY25-07
Commodity
silver
Ticker
NICN

Geometry

Grade
3.64
Grade Unit
g/t
Intercept
4 m
From
81.5 m
To
85.5 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-07:81.5-85.5
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Low silver grade over a narrow width.

Evidence · table

“3.64”

Context: 4.00

PIPY25-08goldGrade: 0.69Grade Unit: g/tIntercept: 5.4 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
gold
Ticker
NICN

Geometry

Grade
0.69
Grade Unit
g/t
Intercept
5.4 m
From
6.4 m
To
11.8 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-08:6.4-11.8
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Weak gold grade over a narrow width.

Evidence · table

“0.69”

Context: 5.40

PIPY25-08silverGrade: 4.5Grade Unit: g/tIntercept: 5.4 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
silver
Ticker
NICN

Geometry

Grade
4.5
Grade Unit
g/t
Intercept
5.4 m
From
6.4 m
To
11.8 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-08:6.4-11.8
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Low silver grade over a narrow width.

Evidence · table

“4.5”

Context: 5.40

PIPY25-08goldGrade: 1Grade Unit: g/tIntercept: 19.45 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
gold
Ticker
NICN

Geometry

Grade
1
Grade Unit
g/t
Intercept
19.45 m
From
17.9 m
To
37.3 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-08:17.9-37.3
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Significant width with moderate gold grade, forming a good grade-thickness product.

Positive factors

  • moderate_grade
  • good_width

Evidence · table

“1.00”

Context: 19.45

PIPY25-08silverGrade: 12.2Grade Unit: g/tIntercept: 19.45 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
silver
Ticker
NICN

Geometry

Grade
12.2
Grade Unit
g/t
Intercept
19.45 m
From
17.9 m
To
37.3 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-08:17.9-37.3
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Moderate silver grade over a significant width, but silver is a secondary commodity.

Evidence · table

“12.2”

Context: 19.45

PIPY25-08goldGrade: 2.17Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
gold
Ticker
NICN

Geometry

Grade
2.17
Grade Unit
g/t
Intercept
5 m
From
31.8 m
To
36.8 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-08:31.8-36.8
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Strong gold grade over a moderate width, indicating a higher-grade zone within the broader intercept.

Positive factors

  • strong_grade

Evidence · table

“2.17”

Context: 5.00

PIPY25-08silverGrade: 28.7Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
silver
Ticker
NICN

Geometry

Grade
28.7
Grade Unit
g/t
Intercept
5 m
From
31.8 m
To
36.8 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-08:31.8-36.8
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Moderate silver grade over a moderate width, but silver is a secondary commodity.

Evidence · table

“28.7”

Context: 5.00

PIPY25-08leadGrade: 2.07Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
lead
Ticker
NICN

Geometry

Grade
2.07
Grade Unit
%
Intercept
5 m
From
31.8 m
To
36.8 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
PIPY25-08:31.8-36.8
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Strong lead grade over a moderate width, adding value as a byproduct.

Positive factors

  • strong_grade

Evidence · text

“5.0m near the bottom of the hole that returned 2.17g/ Au, 28.7g/t Ag and 2.07% Pb”
PIPY25-08goldGrade: 1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
gold
Ticker
NICN

Geometry

Grade
1
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Moderate gold grade from an individual 1m sample.

Evidence · text

“Individual 1.0m assays returned 1.0g/t Au, 51.4g.t Ag and 3.74% Pb”
PIPY25-08silverGrade: 51.4Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
silver
Ticker
NICN

Geometry

Grade
51.4
Grade Unit
g/t
Intercept
1 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Weak silver grade from an individual 1m sample.

Evidence · text

“Individual 1.0m assays returned 1.0g/t Au, 51.4g.t Ag and 3.74% Pb”
PIPY25-08leadGrade: 3.74Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08
Commodity
lead
Ticker
NICN

Geometry

Grade
3.74
Grade Unit
%
Intercept
1 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Strong lead grade from an individual 1m sample, indicating high-grade lead mineralization.

Evidence · text

“Individual 1.0m assays returned 1.0g/t Au, 51.4g.t Ag and 3.74% Pb”
17BN01goldGrade: 1.2Grade Unit: g/tIntercept: 47 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
17BN01
Commodity
gold
Ticker
NICN

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
47 m
From
27 m
To
74 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
17BN01:27.0-74.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Good width and moderate gold grade from a historical intercept.

Positive factors

  • moderate_grade
  • strong_gt_product

Negative factors

  • stale_data_re_release

Evidence · table

“1.20”

Context: 47.0

17BN01silverGrade: 5.9Grade Unit: g/tIntercept: 47 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
17BN01
Commodity
silver
Ticker
NICN

Geometry

Grade
5.9
Grade Unit
g/t
Intercept
47 m
From
27 m
To
74 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
17BN01:27.0-74.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Low silver grade over a good width from a historical intercept.

Negative factors

  • stale_data_re_release

Evidence · table

“5.90”

Context: 47.0

17BN01goldGrade: 6.63Grade Unit: g/tIntercept: 5.6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
17BN01
Commodity
gold
Ticker
NICN

Geometry

Grade
6.63
Grade Unit
g/t
Intercept
5.6 m
From
55.4 m
To
61 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
17BN01:55.4-61.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Very high gold grade over a moderate width from a historical intercept.

Positive factors

  • exceptional_grade
  • strong_gt_product

Negative factors

  • stale_data_re_release

Evidence · table

“6.63”

Context: 5.6

17BN01silverGrade: 10.13Grade Unit: g/tIntercept: 5.6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
17BN01
Commodity
silver
Ticker
NICN

Geometry

Grade
10.13
Grade Unit
g/t
Intercept
5.6 m
From
55.4 m
To
61 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
17BN01:55.4-61.0
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Low silver grade over a moderate width from a historical intercept.

Negative factors

  • stale_data_re_release

Evidence · table

“10.13”

Context: 5.6

17BN01goldGrade: 15.35Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
17BN01
Commodity
gold
Ticker
NICN

Geometry

Grade
15.35
Grade Unit
g/t
Intercept
2 m
From
57.4 m
To
59.4 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
17BN01:57.4-59.4
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Extremely high gold grade over a narrow interval from a historical intercept.

Positive factors

  • exceptional_grade
  • strong_gt_product

Negative factors

  • stale_data_re_release

Evidence · table

“15.35”

Context: 2.0

17BN01silverGrade: 14.8Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
17BN01
Commodity
silver
Ticker
NICN

Geometry

Grade
14.8
Grade Unit
g/t
Intercept
2 m
From
57.4 m
To
59.4 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
17BN01:57.4-59.4
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Deleterious

Deleterious Flag
Yes
Deleterious Elements
lead, sulfur

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Low silver grade over a narrow interval from a historical intercept.

Negative factors

  • stale_data_re_release

Evidence · table

“14.80”

Context: 2.0

PIPY25-04 incl.goldGrade: 2.14Grade Unit: g/tIntercept: 14.3 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04 incl.
Commodity
gold
Ticker
NICN

Geometry

Grade
2.14
Grade Unit
g/t
Intercept
14.3 m
From
21.4 m
To
35.7 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
PIPY25-04 incl.:21.4-35.7
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 2.14 g/t gold is strong against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 30.6 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 2.14 g/t gold is strong on the open_pit mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.14”

Context: PIPY25-04 incl.

PIPY25-04 incl.silverGrade: 19.8Grade Unit: g/tIntercept: 14.3 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04 incl.
Commodity
silver
Ticker
NICN

Geometry

Grade
19.8
Grade Unit
g/t
Intercept
14.3 m
From
21.4 m
To
35.7 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
PIPY25-04 incl.:21.4-35.7
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 19.8 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 283.1 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“19.8”

Context: PIPY25-04 incl.

PIPY25-04 incl.goldGrade: 5.39Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04 incl.
Commodity
gold
Ticker
NICN

Geometry

Grade
5.39
Grade Unit
g/t
Intercept
2 m
From
33.7 m
To
35.7 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
PIPY25-04 incl.:33.7-35.7
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 5.39 g/t gold is exceptional against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 10.8 g/t·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 5.39 g/t gold is exceptional on the open_pit mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“5.39”

Context: PIPY25-04 incl.

PIPY25-04 incl.silverGrade: 7.1Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PIPY25-04 incl.
Commodity
silver
Ticker
NICN

Geometry

Grade
7.1
Grade Unit
g/t
Intercept
2 m
From
33.7 m
To
35.7 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
PIPY25-04 incl.:33.7-35.7
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 7.1 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 14.2 g/t·m is below.

Negative factors

  • 7.1 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“7.1”

Context: PIPY25-04 incl.

PIPY25-08 incl.goldGrade: 2.17Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08 incl.
Commodity
gold
Ticker
NICN

Geometry

Grade
2.17
Grade Unit
g/t
Intercept
5 m
From
31.8 m
To
36.8 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
PIPY25-08 incl.:31.8-36.8
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 2.17 g/t gold is strong against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 10.8 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 2.17 g/t gold is strong on the open_pit mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.17”

Context: PIPY25-08 incl.

PIPY25-08 incl.silverGrade: 28.7Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
PIPY25-08 incl.
Commodity
silver
Ticker
NICN

Geometry

Grade
28.7
Grade Unit
g/t
Intercept
5 m
From
31.8 m
To
36.8 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
PIPY25-08 incl.:31.8-36.8
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 28.7 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 143.5 g/t·m is below.

Negative factors

  • 28.7 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“28.7”

Context: PIPY25-08 incl.

17BN01 incl.goldGrade: 6.63Grade Unit: g/tIntercept: 5.6 mView all details
Link to this fact

Identity

Hole ID
17BN01 incl.
Commodity
gold
Ticker
NICN

Geometry

Grade
6.63
Grade Unit
g/t
Intercept
5.6 m
From
55.4 m
To
61 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
17BN01 incl.:55.4-61
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 6.63 g/t gold is exceptional against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 37.1 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 6.63 g/t gold is exceptional on the open_pit mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“6.63”

Context: 17BN01 incl.

17BN01 incl.silverGrade: 10.13Grade Unit: g/tIntercept: 5.6 mView all details
Link to this fact

Identity

Hole ID
17BN01 incl.
Commodity
silver
Ticker
NICN

Geometry

Grade
10.13
Grade Unit
g/t
Intercept
5.6 m
From
55.4 m
To
61 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
17BN01 incl.:55.4-61
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 10.13 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 56.7 g/t·m is below.

Negative factors

  • 10.13 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“10.13”

Context: 17BN01 incl.

17BN01 incl.goldGrade: 15.35Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
17BN01 incl.
Commodity
gold
Ticker
NICN

Geometry

Grade
15.35
Grade Unit
g/t
Intercept
2 m
From
57.4 m
To
59.4 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
17BN01 incl.:57.4-59.4
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 15.35 g/t gold is exceptional against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 30.7 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 15.35 g/t gold is exceptional on the open_pit mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“15.35”

Context: 17BN01 incl.

17BN01 incl.silverGrade: 14.8Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
17BN01 incl.
Commodity
silver
Ticker
NICN

Geometry

Grade
14.8
Grade Unit
g/t
Intercept
2 m
From
57.4 m
To
59.4 m

Classification

Deposit Type
orogenic
Sample Type
drill
Group ID
17BN01 incl.:57.4-59.4
Mining Method
open_pit

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 14.8 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 29.6 g/t·m is below.

Negative factors

  • 14.8 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“14.80”

Context: 17BN01 incl.

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.