# 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

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac

Original source: https://money.tmx.com/en/quote/NICN/news/6490436586955138/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob

Publisher: tmx

Original announcement: 2026-02-18T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas 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 factor: new\_discovery

- Positive factor: step\_out\_extension

- Positive factor: multiple\_strong\_intercepts

- Positive factor: qp\_signed

- Negative factor: deleterious\_elements\_present

Facts used in scoring: 38

## Classification and evidence

No classification tags are available.

## Extracted facts

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

## Drill Results (38)

### PIPY25-04

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-0)

gold

#### 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 factor: strong\_gt\_product

- Positive factor: moderate\_grade

Evidence · table

> 1.25

Context: 27.60

### PIPY25-04

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-1)

silver

#### 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

### PIPY25-04

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-2)

gold

#### 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 factor: strong\_grade

- Positive factor: strong\_gt\_product

Evidence · table

> 2.14

Context: 14.30

### PIPY25-04

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-3)

silver

#### 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

### PIPY25-04

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-4)

gold

#### 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 factor: exceptional\_grade

- Negative factor: narrow\_intercept

Evidence · table

> 5.39

Context: 2.00

### PIPY25-04

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-5)

silver

#### 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

### PIPY25-05

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-6)

gold

#### 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

### PIPY25-05

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-7)

silver

#### 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

### PIPY25-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-8)

gold

#### 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

### PIPY25-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-9)

silver

#### 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

### PIPY25-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-10)

gold

#### 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

### PIPY25-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-11)

silver

#### 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

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-12)

gold

#### 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

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-13)

silver

#### 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

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-14)

gold

#### 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 factor: moderate\_grade

- Positive factor: good\_width

Evidence · table

> 1.00

Context: 19.45

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-15)

silver

#### 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

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-16)

gold

#### 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 factor: strong\_grade

Evidence · table

> 2.17

Context: 5.00

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-17)

silver

#### 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

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-18)

lead

#### 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 factor: 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

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-19)

gold

#### 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

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-20)

silver

#### 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

### PIPY25-08

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-21)

lead

#### 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

### 17BN01

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-22)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: moderate\_grade

- Positive factor: strong\_gt\_product

- Negative factor: stale\_data\_re\_release

Evidence · table

> 1.20

Context: 47.0

### 17BN01

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-23)

silver

Historical result

Needs review: historical\_restatement

#### 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 factor: stale\_data\_re\_release

Evidence · table

> 5.90

Context: 47.0

### 17BN01

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-24)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: exceptional\_grade

- Positive factor: strong\_gt\_product

- Negative factor: stale\_data\_re\_release

Evidence · table

> 6.63

Context: 5.6

### 17BN01

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-25)

silver

Historical result

Needs review: historical\_restatement

#### 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 factor: stale\_data\_re\_release

Evidence · table

> 10.13

Context: 5.6

### 17BN01

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-26)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: exceptional\_grade

- Positive factor: strong\_gt\_product

- Negative factor: stale\_data\_re\_release

Evidence · table

> 15.35

Context: 2.0

### 17BN01

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-27)

silver

Historical result

Needs review: historical\_restatement

#### 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 factor: stale\_data\_re\_release

Evidence · table

> 14.80

Context: 2.0

### PIPY25-04 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-28)

gold

#### 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 factor: 2.14 g/t gold is strong on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.14

Context: PIPY25-04 incl.

### PIPY25-04 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-29)

silver

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 19.8

Context: PIPY25-04 incl.

### PIPY25-04 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-30)

gold

#### 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 factor: 5.39 g/t gold is exceptional on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 5.39

Context: PIPY25-04 incl.

### PIPY25-04 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-31)

silver

#### 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 factor: 7.1 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 7.1

Context: PIPY25-04 incl.

### PIPY25-08 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-32)

gold

#### 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 factor: 2.17 g/t gold is strong on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.17

Context: PIPY25-08 incl.

### PIPY25-08 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-33)

silver

#### 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 factor: 28.7 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 28.7

Context: PIPY25-08 incl.

### 17BN01 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-34)

gold

#### 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 factor: 6.63 g/t gold is exceptional on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 6.63

Context: 17BN01 incl.

### 17BN01 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-35)

silver

#### 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 factor: 10.13 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 10.13

Context: 17BN01 incl.

### 17BN01 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-36)

gold

#### 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 factor: 15.35 g/t gold is exceptional on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 15.35

Context: 17BN01 incl.

### 17BN01 incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--2f05b833-c53e-4c88-89df-fd480f93ebac#fact-drill-facts-37)

silver

#### 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 factor: 14.8 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: 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.