# NiCAN Confirms Horseshoe Gold Zone Extends Beyond 400-Metre in Strike and Points to a Significantly Larger Opportunity to the South at Pipy Property, Thompson, Manitoba Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596 Original source: https://www.newswire.ca/news-releases/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points-to-a-significantly-larger-opportunity-to-the-south-at-pipy-property-thompson-manitoba-891520134.html Publisher: cnw Original announcement: 2026-10-13T11:15:53.805Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T11:27:03.176Z Atlas analysis updated: 2026-10-13T11:27:03.176Z - Company: NiCAN Limited - Ticker: NICN - Exchange: Unavailable - Region: Manitoba - Primary commodity: Gold - Secondary commodities: Silver, Lead - Document categories: Drill results - Extracted: 2026-10-13 11:27:04 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary NiCAN Limited announced drill results from its Pipy South Property in Manitoba, confirming the Horseshoe Gold Zone extends over 400 meters in strike length with broad, near-surface gold mineralization. The program also identified larger, geologically similar structures to the south, pointing to significant exploration upside. While most new intercepts show moderate to weak gold grades, a high-grade sub-interval of 8.01 g/t Au over 2.0 meters was reported, and the company plans further drilling to test extensions and new targets. Reasoning: NiCAN's drilling successfully extended the Horseshoe Gold Zone's strike length by over 400 meters and identified significantly larger prospective structures to the south, indicating substantial exploration potential. While most new intercepts are moderate to weak in grade compared to prior results, the confirmation of continuity and the high-grade sub-intercept of 8.01 g/t Au over 2.0 meters are positive. The lack of true width determination reduces confidence in the reported lengths. - Positive factor: Strike Extension - Positive factor: New Target Identification - Positive factor: High-Grade Sub-Intercept - Positive factor: Broad Intercepts - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Most New Intercepts Below RAG Average Grade Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 102 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release explicitly states that NiCAN employed a vigorous QAQC program including certified standards, blanks, and duplicates, and that samples were sent to independent certified commercial laboratories \(Paragon Geochemical Laboratory and Agat Laboratories\). Evidence · text > NiCAN employed a vigorous QAQC program which entailed the regular submission of certified standards, blanks and duplicates within the sample stream. No unusual discrepancies were noted in the QAQC sample results with all being within respective control limits. Samples were sent to Paragon Geochemical Laboratory where gold was assayed using the photon assay technique, Code PA-AU02/AG02 Au and Ag; 2-cycle Photon Assay. Multi-element \(201-071\) 4 Acid Digest - Metals Package, ICP-OES/ICP-MS finish analysis was carried out on all samples by Agat Laboratories in Calgary Alberta. Both certified commercial laboratories are independent of NiCAN. **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 'True widths have not been determined' for the reported drill intercepts. Evidence · table > True widths have not been determined **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: Holes PG26-01 to PG26-07 were previously released on September 14, 2026, indicating these are not new results in this announcement. Evidence · table > Holes PG26-01 to PG26-07 were released on September 14, 2026 **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drilling program successfully extended the strike length of the new gold zone by over 400 metres, indicating an extension of known mineralization. Evidence · text > spring diamond drilling program exceeded its objective by extending the strike length of the new gold zone by over 400 metres **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercept of 8.01 g/t Au over 2.0 meters is a strong grade for an orogenic gold deposit, exceeding the 75th percentile of peer comparison data. Evidence · table > 8.01 Context: 2.00 ## Extracted facts Stored fact records: 102. Some facts used in scoring do not have a stored record. ## Drill Results (102) ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-0) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.91 - Grade Unit: g/t - Intercept: 3.5 m - From: 38 m - To: 41.5 m - Hole Depth: 80 m - Intercept Depth: 38 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-01:38-41.5 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 222 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a weak gold grade over a narrow width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.91 Context: 3.50 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-1) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.91 - Grade Unit: g/t - Intercept: 3.5 m - From: 38 m - To: 41.5 m - Hole Depth: 80 m - Intercept Depth: 38 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-01:38-41.5 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 222 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a narrow width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.91 Context: 3.50 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-2) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.005 - Grade Unit: % - Intercept: 3.5 m - From: 38 m - To: 41.5 m - Hole Depth: 80 m - Intercept Depth: 38 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-01:38-41.5 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 222 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a narrow width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.005 Context: 3.50 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-3) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.26 - Grade Unit: g/t - Intercept: 12.7 m - From: 48.5 m - To: 61.2 m - Hole Depth: 80 m - Intercept Depth: 38 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-01:48.5-61.2 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 222 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a weak gold grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 1.26 Context: 12.70 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-4) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 16.8 - Grade Unit: g/t - Intercept: 12.7 m - From: 48.5 m - To: 61.2 m - Hole Depth: 80 m - Intercept Depth: 38 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-01:48.5-61.2 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 222 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 16.80 Context: 12.70 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-5) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade Unit: % - Intercept: 12.7 m - From: 48.5 m - To: 61.2 m - Hole Depth: 80 m - Intercept Depth: 38 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-01:48.5-61.2 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 222 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept has a pending lead assay, making its contribution to the overall understanding of the zone incomplete. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release - Negative factor: Pending Assay Evidence · table > pending Context: 12.70 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-02 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-6) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-02 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.19 - Grade Unit: g/t - Intercept: 19.2 m - From: 51.3 m - To: 70.5 m - Hole Depth: 134 m - Intercept Depth: 51.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-02:51.3-70.5 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 223 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low gold grade over a moderate width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release - Negative factor: Low Grade Evidence · table > 0.19 Context: 19.20 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-02 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-7) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-02 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 5.79 - Grade Unit: g/t - Intercept: 19.2 m - From: 51.3 m - To: 70.5 m - Hole Depth: 134 m - Intercept Depth: 51.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-02:51.3-70.5 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 223 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 5.79 Context: 19.20 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-02 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-8) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-02 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.26 - Grade Unit: % - Intercept: 19.2 m - From: 51.3 m - To: 70.5 m - Hole Depth: 134 m - Intercept Depth: 51.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-02:51.3-70.5 - Mining Method: open\_pit #### Location - Easting: 577389 - Northing: 6195772 - Elevation: 223 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.26 Context: 19.20 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-9) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.89 - Grade Unit: g/t - Intercept: 7.55 m - From: 12.5 m - To: 20.05 m - Hole Depth: 137 m - Intercept Depth: 12.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-03:12.5-20.05 - Mining Method: open\_pit #### Location - Easting: 577358 - Northing: 6195863 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a weak gold grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.89 Context: 7.55 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-10) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 3.54 - Grade Unit: g/t - Intercept: 7.55 m - From: 12.5 m - To: 20.05 m - Hole Depth: 137 m - Intercept Depth: 12.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-03:12.5-20.05 - Mining Method: open\_pit #### Location - Easting: 577358 - Northing: 6195863 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 3.54 Context: 7.55 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-11) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.05 - Grade Unit: % - Intercept: 7.55 m - From: 12.5 m - To: 20.05 m - Hole Depth: 137 m - Intercept Depth: 12.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-03:12.5-20.05 - Mining Method: open\_pit #### Location - Easting: 577358 - Northing: 6195863 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.05 Context: 7.55 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-12) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.19 - Grade Unit: g/t - Intercept: 13 m - From: 107 m - To: 120 m - Hole Depth: 137 m - Intercept Depth: 12.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-03:107-120 - Mining Method: open\_pit #### Location - Easting: 577358 - Northing: 6195863 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low gold grade over a moderate width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release - Negative factor: Low Grade Evidence · table > 0.19 Context: 13.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-13) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.65 - Grade Unit: g/t - Intercept: 13 m - From: 107 m - To: 120 m - Hole Depth: 137 m - Intercept Depth: 12.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-03:107-120 - Mining Method: open\_pit #### Location - Easting: 577358 - Northing: 6195863 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.65 Context: 13.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-14) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.16 - Grade Unit: % - Intercept: 13 m - From: 107 m - To: 120 m - Hole Depth: 137 m - Intercept Depth: 12.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-03:107-120 - Mining Method: open\_pit #### Location - Easting: 577358 - Northing: 6195863 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.16 Context: 13.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-15) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.07 - Grade Unit: g/t - Intercept: 8 m - From: 27 m - To: 35 m - Hole Depth: 200 m - Intercept Depth: 27 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-04:27-35 - Mining Method: open\_pit #### Location - Easting: 577338 - Northing: 6195860 - Elevation: 219 m - Azimuth: 90 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low gold grade over a moderate width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release - Negative factor: Low Grade Evidence · table > 0.07 Context: 8.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-16) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.47 - Grade Unit: g/t - Intercept: 8 m - From: 27 m - To: 35 m - Hole Depth: 200 m - Intercept Depth: 27 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-04:27-35 - Mining Method: open\_pit #### Location - Easting: 577338 - Northing: 6195860 - Elevation: 219 m - Azimuth: 90 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.47 Context: 8.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-17) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.002 - Grade Unit: % - Intercept: 8 m - From: 27 m - To: 35 m - Hole Depth: 200 m - Intercept Depth: 27 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-04:27-35 - Mining Method: open\_pit #### Location - Easting: 577338 - Northing: 6195860 - Elevation: 219 m - Azimuth: 90 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.002 Context: 8.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-18) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.41 - Grade Unit: g/t - Intercept: 9 m - From: 48 m - To: 57 m - Hole Depth: 200 m - Intercept Depth: 27 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-04:48-57 - Mining Method: open\_pit #### Location - Easting: 577338 - Northing: 6195860 - Elevation: 219 m - Azimuth: 90 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a weak gold grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.41 Context: 9.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-19) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.78 - Grade Unit: g/t - Intercept: 9 m - From: 48 m - To: 57 m - Hole Depth: 200 m - Intercept Depth: 27 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-04:48-57 - Mining Method: open\_pit #### Location - Easting: 577338 - Northing: 6195860 - Elevation: 219 m - Azimuth: 90 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 1.78 Context: 9.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-20) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.03 - Grade Unit: % - Intercept: 9 m - From: 48 m - To: 57 m - Hole Depth: 200 m - Intercept Depth: 27 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-04:48-57 - Mining Method: open\_pit #### Location - Easting: 577338 - Northing: 6195860 - Elevation: 219 m - Azimuth: 90 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.03 Context: 9.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-21) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.77 - Grade Unit: g/t - Intercept: 29 m - From: 40 m - To: 69 m - Hole Depth: 134 m - Intercept Depth: 40 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-05:40-69 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a weak gold grade over a broad width \(29.0m\), which is positive for bulk tonnage potential. The lack of true width reduces confidence. - Positive factor: Broad Intercepts - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.77 Context: 29.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-22) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 12.83 - Grade Unit: g/t - Intercept: 29 m - From: 40 m - To: 69 m - Hole Depth: 134 m - Intercept Depth: 40 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-05:40-69 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 12.83 Context: 29.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-23) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.79 - Grade Unit: % - Intercept: 29 m - From: 40 m - To: 69 m - Hole Depth: 134 m - Intercept Depth: 40 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-05:40-69 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.79 Context: 29.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-24) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.17 - Grade Unit: g/t - Intercept: 12 m - From: 57 m - To: 69 m - Hole Depth: 134 m - Intercept Depth: 40 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-05:57-69 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a weak gold grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 1.17 Context: 12.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-25) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 27.77 - Grade Unit: g/t - Intercept: 12 m - From: 57 m - To: 69 m - Hole Depth: 134 m - Intercept Depth: 40 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-05:57-69 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 27.77 Context: 12.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-26) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.86 - Grade Unit: % - Intercept: 12 m - From: 57 m - To: 69 m - Hole Depth: 134 m - Intercept Depth: 40 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-05:57-69 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a weak lead grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 1.86 Context: 12.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-27) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.65 - Grade Unit: g/t - Intercept: 75 m - From: 50 m - To: 125 m - Hole Depth: 155 m - Intercept Depth: 50 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-06:50-125 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a weak gold grade over a very broad width \(75.0m\), which is positive for bulk tonnage potential. The lack of true width reduces confidence. - Positive factor: Broad Intercepts - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.65 Context: 75.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-28) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 11.55 - Grade Unit: g/t - Intercept: 75 m - From: 50 m - To: 125 m - Hole Depth: 155 m - Intercept Depth: 50 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-06:50-125 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a very broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 11.55 Context: 75.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-29) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.56 - Grade Unit: % - Intercept: 75 m - From: 50 m - To: 125 m - Hole Depth: 155 m - Intercept Depth: 50 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-06:50-125 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a very broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.56 Context: 75.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-30) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.05 - Grade Unit: g/t - Intercept: 28.25 m - From: 78.75 m - To: 107 m - Hole Depth: 155 m - Intercept Depth: 50 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-06:78.75-107 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a weak gold grade over a broad width, which is positive for bulk tonnage potential. The lack of true width reduces confidence. - Positive factor: Broad Intercepts - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 1.05 Context: 28.25 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-31) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 22.56 - Grade Unit: g/t - Intercept: 28.25 m - From: 78.75 m - To: 107 m - Hole Depth: 155 m - Intercept Depth: 50 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-06:78.75-107 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a very low silver grade over a broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 22.56 Context: 28.25 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-32) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.95 - Grade Unit: % - Intercept: 28.25 m - From: 78.75 m - To: 107 m - Hole Depth: 155 m - Intercept Depth: 50 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-06:78.75-107 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195760 - Elevation: 218 m - Azimuth: 45 ° - Dip: -70 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a very low lead grade over a broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.95 Context: 28.25 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-33) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.9 - Grade Unit: g/t - Intercept: 30 m - From: 25 m - To: 55 m - Hole Depth: 167 m - Intercept Depth: 25 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-07:25-55 - Mining Method: open\_pit #### Location - Easting: 577462 - Northing: 6195853 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a weak gold grade over a broad width \(30.0m\), which is positive for bulk tonnage potential. The lack of true width reduces confidence. - Positive factor: Broad Intercepts - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.90 Context: 30.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-34) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 3.71 - Grade Unit: g/t - Intercept: 30 m - From: 25 m - To: 55 m - Hole Depth: 167 m - Intercept Depth: 25 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-07:25-55 - Mining Method: open\_pit #### Location - Easting: 577462 - Northing: 6195853 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low silver grade over a broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 3.71 Context: 30.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-35) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.21 - Grade Unit: % - Intercept: 30 m - From: 25 m - To: 55 m - Hole Depth: 167 m - Intercept Depth: 25 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-07:25-55 - Mining Method: open\_pit #### Location - Easting: 577462 - Northing: 6195853 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical intercept shows a very low lead grade over a broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 0.21 Context: 30.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-36) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 8.01 - Grade Unit: g/t - Intercept: 2 m - From: 32 m - To: 34 m - Hole Depth: 167 m - Intercept Depth: 25 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-07:32-34 - Mining Method: open\_pit #### Location - Easting: 577462 - Northing: 6195853 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a strong gold grade \(8.01 g/t Au\) over a narrow width, which is above the 75th percentile for orogenic gold deposits and matches the best grade from prior RAG comparables. This is a significant high-grade intercept. The lack of true width reduces confidence. - Positive factor: Bonanza Intercept - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 8.01 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-37) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 38.1 - Grade Unit: g/t - Intercept: 2 m - From: 32 m - To: 34 m - Hole Depth: 167 m - Intercept Depth: 25 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-07:32-34 - Mining Method: open\_pit #### Location - Easting: 577462 - Northing: 6195853 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a moderate silver grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 38.10 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-38) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 2.17 - Grade Unit: % - Intercept: 2 m - From: 32 m - To: 34 m - Hole Depth: 167 m - Intercept Depth: 25 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-07:32-34 - Mining Method: open\_pit #### Location - Easting: 577462 - Northing: 6195853 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-14T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This historical sub-interval shows a weak lead grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release Evidence · table > 2.17 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-08 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-39) Pipy South · gold #### Identity - Hole ID: PG26-08 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.24 - Grade Unit: g/t - Intercept: 2 m - From: 115 m - To: 117 m - Hole Depth: 209 m - Intercept Depth: 115 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-08:115-117 - Mining Method: open\_pit #### Location - Easting: 577408 - Northing: 6195732 - Elevation: 217 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a narrow width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.24 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-08 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-40) Pipy South · silver #### Identity - Hole ID: PG26-08 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.185 - Grade Unit: g/t - Intercept: 2 m - From: 115 m - To: 117 m - Hole Depth: 209 m - Intercept Depth: 115 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-08:115-117 - Mining Method: open\_pit #### Location - Easting: 577408 - Northing: 6195732 - Elevation: 217 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a narrow width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.185 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-08 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-41) Pipy South · lead #### Identity - Hole ID: PG26-08 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.001 - Grade Unit: % - Intercept: 2 m - From: 115 m - To: 117 m - Hole Depth: 209 m - Intercept Depth: 115 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-08:115-117 - Mining Method: open\_pit #### Location - Easting: 577408 - Northing: 6195732 - Elevation: 217 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a narrow width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.001 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-09 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-42) Pipy South · gold #### Identity - Hole ID: PG26-09 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.24 - Grade Unit: g/t - Intercept: 12.6 m - From: 22.6 m - To: 35.2 m - Hole Depth: 143 m - Intercept Depth: 22.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-09:22.6-35.2 - Mining Method: open\_pit #### Location - Easting: 577434 - Northing: 6195634 - Elevation: 223 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a moderate width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.24 Context: 12.60 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-09 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-43) Pipy South · silver #### Identity - Hole ID: PG26-09 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.65 - Grade Unit: g/t - Intercept: 12.6 m - From: 22.6 m - To: 35.2 m - Hole Depth: 143 m - Intercept Depth: 22.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-09:22.6-35.2 - Mining Method: open\_pit #### Location - Easting: 577434 - Northing: 6195634 - Elevation: 223 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.65 Context: 12.60 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-09 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-44) Pipy South · lead #### Identity - Hole ID: PG26-09 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.003 - Grade Unit: % - Intercept: 12.6 m - From: 22.6 m - To: 35.2 m - Hole Depth: 143 m - Intercept Depth: 22.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-09:22.6-35.2 - Mining Method: open\_pit #### Location - Easting: 577434 - Northing: 6195634 - Elevation: 223 m - Azimuth: 45 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.003 Context: 12.60 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-45) Pipy South · gold #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.66 - Grade Unit: g/t - Intercept: 20.25 m - From: 30.15 m - To: 50.4 m - Hole Depth: 95 m - Intercept Depth: 30.15 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-11:30.15-50.4 - Mining Method: open\_pit #### Location - Easting: 577475 - Northing: 6195879 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a weak gold grade over a broad width \(20.25m\), which is positive for bulk tonnage potential and extends the known mineralization. The lack of true width reduces confidence. - Positive factor: Broad Intercepts - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.66 Context: 20.25 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-46) Pipy South · silver #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 4.65 - Grade Unit: g/t - Intercept: 20.25 m - From: 30.15 m - To: 50.4 m - Hole Depth: 95 m - Intercept Depth: 30.15 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-11:30.15-50.4 - Mining Method: open\_pit #### Location - Easting: 577475 - Northing: 6195879 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 4.65 Context: 20.25 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-47) Pipy South · lead #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.25 - Grade Unit: % - Intercept: 20.25 m - From: 30.15 m - To: 50.4 m - Hole Depth: 95 m - Intercept Depth: 30.15 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-11:30.15-50.4 - Mining Method: open\_pit #### Location - Easting: 577475 - Northing: 6195879 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a broad width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.25 Context: 20.25 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-48) Pipy South · gold #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.97 - Grade Unit: g/t - Intercept: 6.2 m - From: 33 m - To: 39.2 m - Hole Depth: 95 m - Intercept Depth: 30.15 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-11:33-39.2 - Mining Method: open\_pit #### Location - Easting: 577475 - Northing: 6195879 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new sub-interval shows a weak gold grade over a moderate width, contributing to the overall understanding of the zone and extending mineralization. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 1.97 Context: 6.20 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-49) Pipy South · silver #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 15.37 - Grade Unit: g/t - Intercept: 6.2 m - From: 33 m - To: 39.2 m - Hole Depth: 95 m - Intercept Depth: 30.15 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-11:33-39.2 - Mining Method: open\_pit #### Location - Easting: 577475 - Northing: 6195879 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new sub-interval shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 15.37 Context: 6.20 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-50) Pipy South · lead #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.69 - Grade Unit: % - Intercept: 6.2 m - From: 33 m - To: 39.2 m - Hole Depth: 95 m - Intercept Depth: 30.15 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-11:33-39.2 - Mining Method: open\_pit #### Location - Easting: 577475 - Northing: 6195879 - Elevation: 229 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new sub-interval shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.69 Context: 6.20 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-51) Pipy South · gold #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.89 - Grade Unit: g/t - Intercept: 13.35 m - From: 23 m - To: 35.95 m - Hole Depth: 86 m - Intercept Depth: 23 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-12:23-35.95 - Mining Method: open\_pit #### Location - Easting: 577500 - Northing: 6195900 - Elevation: 218 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a weak gold grade over a moderate width, contributing to the overall understanding of the zone and extending mineralization. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.89 Context: 13.35 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-52) Pipy South · silver #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 3.71 - Grade Unit: g/t - Intercept: 13.35 m - From: 23 m - To: 35.95 m - Hole Depth: 86 m - Intercept Depth: 23 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-12:23-35.95 - Mining Method: open\_pit #### Location - Easting: 577500 - Northing: 6195900 - Elevation: 218 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 3.71 Context: 13.35 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-53) Pipy South · lead #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.03 - Grade Unit: % - Intercept: 13.35 m - From: 23 m - To: 35.95 m - Hole Depth: 86 m - Intercept Depth: 23 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-12:23-35.95 - Mining Method: open\_pit #### Location - Easting: 577500 - Northing: 6195900 - Elevation: 218 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.03 Context: 13.35 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-54) Pipy South · gold #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.31 - Grade Unit: g/t - Intercept: 4.3 m - From: 43.1 m - To: 47.4 m - Hole Depth: 86 m - Intercept Depth: 23 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-12:43.1-47.4 - Mining Method: open\_pit #### Location - Easting: 577500 - Northing: 6195900 - Elevation: 218 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a narrow width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.31 Context: 4.30 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-55) Pipy South · silver #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.54 - Grade Unit: g/t - Intercept: 4.3 m - From: 43.1 m - To: 47.4 m - Hole Depth: 86 m - Intercept Depth: 23 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-12:43.1-47.4 - Mining Method: open\_pit #### Location - Easting: 577500 - Northing: 6195900 - Elevation: 218 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a narrow width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.54 Context: 4.30 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-56) Pipy South · lead #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0 - Grade Unit: % - Intercept: 4.3 m - From: 43.1 m - To: 47.4 m - Hole Depth: 86 m - Intercept Depth: 23 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-12:43.1-47.4 - Mining Method: open\_pit #### Location - Easting: 577500 - Northing: 6195900 - Elevation: 218 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a zero lead grade over a narrow width, contributing to the overall understanding of the zone but not representing a significant new discovery. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.00 Context: 4.30 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-57) Pipy South · gold #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.56 - Grade Unit: g/t - Intercept: 15.6 m - From: 26.3 m - To: 41.9 m - Hole Depth: 127 m - Intercept Depth: 26.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-13:26.3-41.9 - Mining Method: open\_pit #### Location - Easting: 577502 - Northing: 6195921 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a weak gold grade over a moderate width, contributing to the overall understanding of the zone and extending mineralization. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.56 Context: 15.60 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-58) Pipy South · silver #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 2.2 - Grade Unit: g/t - Intercept: 15.6 m - From: 26.3 m - To: 41.9 m - Hole Depth: 127 m - Intercept Depth: 26.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-13:26.3-41.9 - Mining Method: open\_pit #### Location - Easting: 577502 - Northing: 6195921 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 2.20 Context: 15.60 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-59) Pipy South · lead #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.06 - Grade Unit: % - Intercept: 15.6 m - From: 26.3 m - To: 41.9 m - Hole Depth: 127 m - Intercept Depth: 26.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-13:26.3-41.9 - Mining Method: open\_pit #### Location - Easting: 577502 - Northing: 6195921 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.06 Context: 15.60 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-60) Pipy South · gold #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.24 - Grade Unit: g/t - Intercept: 17.9 m - From: 46.1 m - To: 64 m - Hole Depth: 127 m - Intercept Depth: 26.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-13:46.1-64 - Mining Method: open\_pit #### Location - Easting: 577502 - Northing: 6195921 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a moderate width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.24 Context: 17.90 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-61) Pipy South · silver #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 2.41 - Grade Unit: g/t - Intercept: 17.9 m - From: 46.1 m - To: 64 m - Hole Depth: 127 m - Intercept Depth: 26.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-13:46.1-64 - Mining Method: open\_pit #### Location - Easting: 577502 - Northing: 6195921 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 2.41 Context: 17.90 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-62) Pipy South · lead #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0 - Grade Unit: % - Intercept: 17.9 m - From: 46.1 m - To: 64 m - Hole Depth: 127 m - Intercept Depth: 26.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-13:46.1-64 - Mining Method: open\_pit #### Location - Easting: 577502 - Northing: 6195921 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a zero lead grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.00 Context: 17.90 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-14 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-63) Pipy South · gold #### Identity - Hole ID: PG26-14 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.46 - Grade Unit: g/t - Intercept: 27.4 m - From: 57.6 m - To: 85 m - Hole Depth: 137 m - Intercept Depth: 57.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-14:57.6-85 - Mining Method: open\_pit #### Location - Easting: 577509 - Northing: 6195967 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a weak gold grade over a broad width \(27.4m\), which is positive for bulk tonnage potential and extends the known mineralization. The lack of true width reduces confidence. - Positive factor: Broad Intercepts - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.46 Context: 27.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-14 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-64) Pipy South · silver #### Identity - Hole ID: PG26-14 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 2.34 - Grade Unit: g/t - Intercept: 27.4 m - From: 57.6 m - To: 85 m - Hole Depth: 137 m - Intercept Depth: 57.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-14:57.6-85 - Mining Method: open\_pit #### Location - Easting: 577509 - Northing: 6195967 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a broad width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 2.34 Context: 27.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-14 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-65) Pipy South · lead #### Identity - Hole ID: PG26-14 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.19 - Grade Unit: % - Intercept: 27.4 m - From: 57.6 m - To: 85 m - Hole Depth: 137 m - Intercept Depth: 57.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-14:57.6-85 - Mining Method: open\_pit #### Location - Easting: 577509 - Northing: 6195967 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a broad width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.19 Context: 27.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-66) Pipy South · gold #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.82 - Grade Unit: g/t - Intercept: 10.4 m - From: 106.6 m - To: 117 m - Hole Depth: 161 m - Intercept Depth: 106.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-15:106.6-117 - Mining Method: open\_pit #### Location - Easting: 577505 - Northing: 6196030 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a weak gold grade over a moderate width, contributing to the overall understanding of the zone and extending mineralization. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.82 Context: 10.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-67) Pipy South · silver #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 8.85 - Grade Unit: g/t - Intercept: 10.4 m - From: 106.6 m - To: 117 m - Hole Depth: 161 m - Intercept Depth: 106.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-15:106.6-117 - Mining Method: open\_pit #### Location - Easting: 577505 - Northing: 6196030 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 8.85 Context: 10.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-68) Pipy South · lead #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.02 - Grade Unit: % - Intercept: 10.4 m - From: 106.6 m - To: 117 m - Hole Depth: 161 m - Intercept Depth: 106.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-15:106.6-117 - Mining Method: open\_pit #### Location - Easting: 577505 - Northing: 6196030 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.02 Context: 10.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-69) Pipy South · gold #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.41 - Grade Unit: g/t - Intercept: 5 m - From: 131 m - To: 136 m - Hole Depth: 161 m - Intercept Depth: 106.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-15:131-136 - Mining Method: open\_pit #### Location - Easting: 577505 - Northing: 6196030 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a narrow width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.41 Context: 5.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-70) Pipy South · silver #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.28 - Grade Unit: g/t - Intercept: 5 m - From: 131 m - To: 136 m - Hole Depth: 161 m - Intercept Depth: 106.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-15:131-136 - Mining Method: open\_pit #### Location - Easting: 577505 - Northing: 6196030 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.28 Context: 5.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-71) Pipy South · lead #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 5 m - From: 131 m - To: 136 m - Hole Depth: 161 m - Intercept Depth: 106.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-15:131-136 - Mining Method: open\_pit #### Location - Easting: 577505 - Northing: 6196030 - Elevation: 223 m - Azimuth: 90 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.01 Context: 5.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-72) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.26 - Grade Unit: g/t - Intercept: 2 m - From: 42.6 m - To: 44.6 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:42.6-44.6 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a narrow width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.26 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-73) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.81 - Grade Unit: g/t - Intercept: 2 m - From: 42.6 m - To: 44.6 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:42.6-44.6 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.81 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-74) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0 - Grade Unit: % - Intercept: 2 m - From: 42.6 m - To: 44.6 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:42.6-44.6 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a zero lead grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.00 Context: 2.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-75) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.43 - Grade Unit: g/t - Intercept: 8 m - From: 115 m - To: 123 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:115-123 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a moderate width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.43 Context: 8.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-76) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.51 - Grade Unit: g/t - Intercept: 8 m - From: 115 m - To: 123 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:115-123 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.51 Context: 8.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-77) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0 - Grade Unit: % - Intercept: 8 m - From: 115 m - To: 123 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:115-123 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a zero lead grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.00 Context: 8.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-78) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.47 - Grade Unit: g/t - Intercept: 21 m - From: 149 m - To: 170 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:149-170 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a weak gold grade over a broad width \(21.0m\), which is positive for bulk tonnage potential and extends the known mineralization. The lack of true width reduces confidence. - Positive factor: Broad Intercepts - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.47 Context: 21.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-79) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 3.37 - Grade Unit: g/t - Intercept: 21 m - From: 149 m - To: 170 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:149-170 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a broad width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 3.37 Context: 21.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-80) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.28 - Grade Unit: % - Intercept: 21 m - From: 149 m - To: 170 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:149-170 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a broad width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.28 Context: 21.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-81) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.39 - Grade Unit: g/t - Intercept: 4 m - From: 223 m - To: 227 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:223-227 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a narrow width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.39 Context: 4.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-82) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.86 - Grade Unit: g/t - Intercept: 4 m - From: 223 m - To: 227 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:223-227 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.86 Context: 4.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-83) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.04 - Grade Unit: % - Intercept: 4 m - From: 223 m - To: 227 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:223-227 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.04 Context: 4.00 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-84) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.55 - Grade Unit: g/t - Intercept: 4.75 m - From: 237.6 m - To: 242.35 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:237.6-242.35 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a weak gold grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.55 Context: 4.75 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-85) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.85 - Grade Unit: g/t - Intercept: 4.75 m - From: 237.6 m - To: 242.35 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:237.6-242.35 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 1.85 Context: 4.75 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-86) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 4.75 m - From: 237.6 m - To: 242.35 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:237.6-242.35 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a narrow width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.01 Context: 4.75 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-87) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.25 - Grade Unit: g/t - Intercept: 12.4 m - From: 264.6 m - To: 277 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:264.6-277 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low gold grade over a moderate width, which is below economic thresholds for orogenic gold. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Low Grade Evidence · table > 0.25 Context: 12.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-88) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.17 - Grade Unit: g/t - Intercept: 12.4 m - From: 264.6 m - To: 277 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:264.6-277 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low silver grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 1.17 Context: 12.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-89) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 12.4 m - From: 264.6 m - To: 277 m - Hole Depth: 290 m - Intercept Depth: 42.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: PG26-16:264.6-277 - Mining Method: open\_pit #### Location - Easting: 577396 - Northing: 6195763 - Elevation: 223 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: This new intercept shows a very low lead grade over a moderate width, contributing to the overall understanding of the zone. The lack of true width reduces confidence. - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only Evidence · table > 0.01 Context: 12.40 #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-90) Pipy South · gold #### Identity - Hole ID: includes - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.17 - Grade Unit: g/t - Intercept: 12 m - From: 57 m - To: 69 m - Intercept Depth: 57 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:57-69 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 1.17 g/t gold is moderate against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 14.0 g/t·m is weak \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.17 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-91) Pipy South · silver #### Identity - Hole ID: includes - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 27.77 - Grade Unit: g/t - Intercept: 12 m - From: 57 m - To: 69 m - Intercept Depth: 57 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:57-69 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 27.77 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 333.2 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 > 27.77 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-92) Pipy South · lead #### Identity - Hole ID: includes - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.86 - Grade Unit: % - Intercept: 12 m - From: 57 m - To: 69 m - Intercept Depth: 57 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:57-69 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 1.86 % lead is weak against the default band \[10, 6, 3, 1\] %. Grade×width 22.3 %·m is weak. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.86 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-93) Pipy South · gold #### Identity - Hole ID: includes - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.05 - Grade Unit: g/t - Intercept: 28.3 m - From: 78.8 m - To: 107 m - Intercept Depth: 78.8 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:78.8-107 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 1.05 g/t gold is moderate against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 29.7 g/t·m is weak \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.05 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-94) Pipy South · silver #### Identity - Hole ID: includes - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 22.56 - Grade Unit: g/t - Intercept: 28.3 m - From: 78.8 m - To: 107 m - Intercept Depth: 78.8 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:78.8-107 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 22.56 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 638.4 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 > 22.56 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-95) Pipy South · lead #### Identity - Hole ID: includes - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.95 - Grade Unit: % - Intercept: 28.3 m - From: 78.8 m - To: 107 m - Intercept Depth: 78.8 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:78.8-107 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 0.95 % lead is weak against the default band \[10, 6, 3, 1\] %. Grade×width 26.9 %·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 > 0.95 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-96) Pipy South · gold #### Identity - Hole ID: includes - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 8.01 - Grade Unit: g/t - Intercept: 2 m - From: 32 m - To: 34 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:32-34 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 8.01 g/t gold is exceptional against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 16.0 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 8.01 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 > 8.01 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-97) Pipy South · silver #### Identity - Hole ID: includes - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 38.1 - Grade Unit: g/t - Intercept: 2 m - From: 32 m - To: 34 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:32-34 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 38.1 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 76.2 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 38.10 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-98) Pipy South · lead #### Identity - Hole ID: includes - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 2.17 - Grade Unit: % - Intercept: 2 m - From: 32 m - To: 34 m - Intercept Depth: 32 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:32-34 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 2.17 % lead is weak against the default band \[10, 6, 3, 1\] %. Grade×width 4.3 %·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 2.17 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-99) Pipy South · gold #### Identity - Hole ID: includes - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.97 - Grade Unit: g/t - Intercept: 6.2 m - From: 33 m - To: 39.2 m - Intercept Depth: 33 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:33-39.2 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 1.97 g/t gold is moderate against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 12.2 g/t·m is weak \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.97 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-100) Pipy South · silver #### Identity - Hole ID: includes - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 15.37 - Grade Unit: g/t - Intercept: 6.2 m - From: 33 m - To: 39.2 m - Intercept Depth: 33 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:33-39.2 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 15.37 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 95.3 g/t·m is below. - Negative factor: 15.37 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 > 15.37 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--3a87e178-4a1e-4d6f-858c-85214812f596#fact-drill-facts-101) Pipy South · lead #### Identity - Hole ID: includes - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.69 - Grade Unit: % - Intercept: 6.2 m - From: 33 m - To: 39.2 m - Intercept Depth: 33 m #### Classification - Deposit Type: orogenic - Sample Type: drill - Group ID: includes:33-39.2 - Mining Method: open\_pit #### QA/QC - Laboratory: Paragon Geochemical Laboratory and Agat Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Expanded from assay table. 0.69 % lead is below against the default band \[10, 6, 3, 1\] %. Grade×width 4.3 %·m is below. - Negative factor: 0.69 % lead is below the weak threshold \(1 %\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.69 Context: includes #### 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 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ## 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.