# 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7 Original source: https://www.nicanltd.com/news/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 Publisher: prospectors\_exchange Original announcement: 2026-10-13T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T13:22:37.181Z Atlas analysis updated: 2026-10-13T13:22:37.181Z - Company: NiCAN Limited - Ticker: NICN - Exchange: Unavailable - Region: Thompson, Manitoba - Primary commodity: Gold - Secondary commodities: Silver, Lead - Document categories: Drill results - Extracted: 2026-10-13 13:22:37 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary NiCAN Limited announced drill results from its Pipy South Property in Manitoba, confirming the Horseshoe Gold Zone extends over 400 metres in strike length and remains open in all directions. The program intersected broad, near-surface gold mineralization, with highlights including 8.01 g/t Au over 2.0 metres and 1.05 g/t Au over 28.3 metres. The company also identified potential for significantly larger, geologically similar structures to the south, which will guide future exploration. Reasoning: The drill program successfully extended the Horseshoe Gold Zone's strike length by over 400 metres, confirming broad, near-surface gold mineralization and identifying potential for significantly larger structures to the south. While individual grades are moderate, the overall strike extension and exploration potential are positive, despite true widths not being determined and some results being re-released. - Positive factor: Strike Extension - Positive factor: Potential for Larger Structures - Positive factor: Broad Zones of Mineralization - Positive factor: QA/QC Disclosed - Negative factor: Apparent Width Only - Negative factor: Some Results Previously Released Facts used in scoring: 101 ## Classification and evidence **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 release explicitly states that 'True widths have not been determined' for the reported drill intercepts. Evidence · text > True widths have not been determined **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 details a 'vigorous QAQC program' including certified standards, blanks, and duplicates, and names two independent certified laboratories and a Qualified Person. 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. **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The release states that 'The first 7 diamond drill holes were previously released \( See Press Release dated September 14, 2026 \)', indicating that results for holes PG26-01 to PG26-07 are not new. Evidence · text > The first 7 diamond drill holes were previously released \( See Press Release dated September 14, 2026 \) **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drilling program's objective was to extend the strike length of the gold zone, and the company confirmed it extended 'by over 400 metres'. Evidence · text > extending the strike length of the new gold zone by over 400 metres ## Extracted facts Stored fact records: 101. Some facts used in scoring do not have a stored record. ## Drill Results (101) ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#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 #### Deleterious - Deleterious Flag: No #### 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: Weak gold grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#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 #### Deleterious - Deleterious Flag: No #### 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: Very low lead grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#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: 48.5 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 #### Deleterious - Deleterious Flag: No #### 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: Moderate gold grade over a good width \(GT 16.00\), previously released, with true width not determined. - Positive factor: Moderate GT - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#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: 48.5 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-5) 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 #### Deleterious - Deleterious Flag: No #### 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: Below economic threshold gold grade, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-6) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-7) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak lead grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-8) 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 #### Deleterious - Deleterious Flag: No #### 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: Moderate gold grade over a narrow width, previously released, with true width not determined. - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-9) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-10) 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 #### Deleterious - Deleterious Flag: No #### 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: Very low lead grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-11) 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: 107 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 #### Deleterious - Deleterious Flag: No #### 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: Below economic threshold gold grade, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-12) 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: 107 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 #### Deleterious - Deleterious Flag: No #### 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: Very low silver grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-13) 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: 107 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 #### Deleterious - Deleterious Flag: No #### 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: Weak lead grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-14) 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 #### Deleterious - Deleterious Flag: No #### 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: Below economic threshold gold grade, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-15) 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 #### Deleterious - Deleterious Flag: No #### 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: Very low silver grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-16) 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 #### Deleterious - Deleterious Flag: No #### 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: Very low lead grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-17) 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: 48 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 #### Deleterious - Deleterious Flag: No #### 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: Weak gold grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-18) 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: 48 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-19) 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: 48 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 #### Deleterious - Deleterious Flag: No #### 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: Very low lead grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-20) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak gold grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-21) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-22) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak lead grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-23) 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: 57 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 #### Deleterious - Deleterious Flag: No #### 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: Moderate gold grade over a good width \(GT 14.04\), previously released, with true width not determined. - Positive factor: Moderate GT - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-24) 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: 57 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-25) 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: 57 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 #### Deleterious - Deleterious Flag: No #### 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: Moderate lead grade over a good width, previously released, with true width not determined. - Positive factor: Moderate Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-26) 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 #### Deleterious - Deleterious Flag: No #### 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: Broad intercept with moderate GT \(48.75\), but weak gold grade and previously released, with true width not determined. - Positive factor: Moderate GT - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-27) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a broad width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-28) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak lead grade over a broad width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-29) 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: 78.75 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 #### Deleterious - Deleterious Flag: No #### 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: Moderate gold grade over a good width \(GT 29.66\), previously released, with true width not determined. - Positive factor: Moderate GT - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-30) 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: 78.75 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-31) 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: 78.75 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 #### Deleterious - Deleterious Flag: No #### 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: Moderate lead grade over a good width, previously released, with true width not determined. - Positive factor: Moderate Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-32) 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 #### Deleterious - Deleterious Flag: No #### 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: Moderate gold grade over a good width \(GT 27.00\), previously released, with true width not determined. - Positive factor: Moderate GT - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-33) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-34) 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 #### Deleterious - Deleterious Flag: No #### 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: Weak lead grade over a good width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-35) 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: 32 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 #### Deleterious - Deleterious Flag: No #### 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: Exceptional gold grade over a narrow width \(GT 16.02\), previously released, with true width not determined. - Positive factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-36) 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: 32 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 #### Deleterious - Deleterious Flag: No #### 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: Weak silver grade over a narrow width, previously released, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-37) 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: 32 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 #### Deleterious - Deleterious Flag: No #### 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: Strong lead grade over a narrow width, previously released, with true width not determined. - Positive factor: Strong Grade - Positive factor: QA/QC Disclosed - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-38) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold gold grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Narrow Width - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-39) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-40) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-41) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold gold grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-42) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-43) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-44) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-45) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-46) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-47) 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: 33 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moderate gold grade over a narrow width \(GT 12.21\), with true width not determined. - Positive factor: Moderate GT - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-48) 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: 33 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak silver grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-49) 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: 33 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak lead grade over a narrow width, with true width not determined. - Positive factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-50) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moderate gold grade over a good width, with true width not determined. - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-51) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-52) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-53) 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: 43.1 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-54) 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: 43.1 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-55) 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: 43.1 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold lead grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-56) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-57) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-58) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-59) 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: 46.1 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold gold grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-60) 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: 46.1 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-61) 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: 46.1 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-62) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-63) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-64) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-65) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moderate gold grade over a good width, with true width not determined. - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-66) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-67) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-68) 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: 131 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-69) 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: 131 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-70) 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: 131 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-71) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold gold grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Narrow Width - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-72) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-73) 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold lead grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-74) 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: 115 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-75) 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: 115 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-76) 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: 115 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold lead grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-77) 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: 149 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-78) 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: 149 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-79) 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: 149 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-80) 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: 223 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-81) 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: 223 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-82) 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: 223 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-83) 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: 237.6 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Weak gold grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-84) 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: 237.6 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-85) 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: 237.6 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a narrow width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - Negative factor: Narrow Width - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-86) 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: 264.6 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Below economic threshold gold grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Below Threshold Grade - Negative factor: Apparent Width Only 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-87) 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: 264.6 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low silver grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### 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--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-88) 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: 264.6 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 #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Very low lead grade over a good width, with true width not determined. - Positive factor: QA/QC Disclosed - Negative factor: Weak Grade - 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-89) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-90) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-91) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-92) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-93) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-94) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-95) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-96) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-97) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-98) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-99) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ### includes [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--cba75fa7-fe62-4dd4-b3c7-96d4de39b6b7#fact-drill-facts-100) 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: "NiCan Ltd - News Corporate About Us Management Board of Directors Advisors Projects Overview Wine Project Pipy Project I" ## 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.