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

Original announcement by orestocks on

Company
NiCAN Limited
Ticker
NICN.V
Exchange
Unavailable
Region
Manitoba
Primary commodity
Gold
Secondary commodities
Silver, Lead
Document categories
Drill results
Extracted
2026-10-13 11:59:05 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

NiCAN Limited announced complete assay results from a 16-hole diamond drill program at its Pipy South Property, 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, including a high-grade intercept of 8.01 g/t Au over 2.0 metres. Geological work also identified larger, geologically similar structures to the south, indicating significant exploration potential.

Reasoning: NiCAN's drilling program successfully extended the Horseshoe Gold Zone's strike length by over 400m with broad, near-surface gold mineralization, and identified significantly larger exploration targets to the south, indicating substantial growth potential. While many gold grades are below the prior average, the overall program success in extending the zone and identifying new targets is highly positive.

Positive factors

  • Significant strike length extension (over 400m)
  • Zone remains open in all directions
  • Identification of larger, geologically similar structures to the south
  • Broad, near-surface gold mineralization
  • High-grade gold intercept (8.01 g/t Au over 2.0m)
  • QA/QC procedures disclosed and certified labs used
  • QP sign-off

Negative factors

  • True widths not determined
  • Many gold intercepts below prior average grade
  • Narrow high-grade intercept

Facts used in scoring: 89

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The drilling program extended the strike length of the new gold zone by over 400 metres, indicating an extension beyond the previously known limit.

Evidence · text

“extending the strike length of the new gold zone by over 400 metres”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release explicitly states that NiCAN employed a vigorous QAQC program including certified standards, blanks, and duplicates, and that samples were sent to certified commercial laboratories.

Evidence · text

“NiCAN employed a vigorous QAQC program which entailed the regular submission of certified standards, blanks and duplicates within the sample stream.”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that true widths have not been determined for the reported intercepts.

Evidence · text

“True widths have not been determined”

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The first 7 diamond drill holes (PG26-01 to PG26-07) were previously released on September 14, 2026, making them historical for this announcement.

Evidence · text

“The first 7 diamond drill holes were previously released ([See Press Release dated September 14, 2026])”

Extracted facts

Stored fact records: 89. Some facts used in scoring do not have a stored record.

Drill Results (89)

PG26-01Pipy South · goldGrade: 0.91Grade Unit: g/tIntercept: 3.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-01
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-01:38-41.5
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 0.91 g/t over 3.5m, which is below the moderate grade threshold for open-pit gold and has a weak grade-thickness product.

Negative factors

  • Below moderate grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.91”

Context: 3.50

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-01Pipy South · silverGrade: 0.91Grade Unit: g/tIntercept: 3.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-01
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-01:38-41.5
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 0.91 g/t over 3.5m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.91”

Context: 3.50

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-01Pipy South · leadGrade: 0.005Grade Unit: %Intercept: 3.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-01
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-01:38-41.5
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.005% over 3.5m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.005”

Context: 3.50

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-01Pipy South · goldGrade: 1.26Grade Unit: g/tIntercept: 12.7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-01
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
1.26
Grade Unit
g/t
Intercept
12.7 m
From
48.5 m
To
61.2 m
Hole Depth
80 m
Intercept Depth
38 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-01:48.5-61.2
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 1.26 g/t over 12.7m, which is a moderate grade for open-pit gold and has a moderate grade-thickness product.

Positive factors

  • Moderate grade-thickness product

Negative factors

  • Moderate grade
  • Apparent width only

Evidence · table

“1.26”

Context: 12.70

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-01Pipy South · silverGrade: 16.8Grade Unit: g/tIntercept: 12.7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-01
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
16.8
Grade Unit
g/t
Intercept
12.7 m
From
48.5 m
To
61.2 m
Hole Depth
80 m
Intercept Depth
38 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-01:48.5-61.2
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 16.80 g/t over 12.7m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“16.80”

Context: 12.70

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-02Pipy South · goldGrade: 0.19Grade Unit: g/tIntercept: 19.2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-02
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-02:51.3-70.5
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 0.19 g/t over 19.2m, which is below the weak grade threshold for open-pit gold and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.19”

Context: 19.20

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-02Pipy South · silverGrade: 5.79Grade Unit: g/tIntercept: 19.2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-02
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-02:51.3-70.5
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 5.79 g/t over 19.2m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“5.79”

Context: 19.20

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-02Pipy South · leadGrade: 0.26Grade Unit: %Intercept: 19.2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-02
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-02:51.3-70.5
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.26% over 19.2m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.26”

Context: 19.20

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-03Pipy South · goldGrade: 0.89Grade Unit: g/tIntercept: 7.55 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-03:12.5-20.05
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 0.89 g/t over 7.55m, which is below the moderate grade threshold for open-pit gold and has a weak grade-thickness product.

Negative factors

  • Below moderate grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.89”

Context: 7.55

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-03Pipy South · silverGrade: 3.54Grade Unit: g/tIntercept: 7.55 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-03:12.5-20.05
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 3.54 g/t over 7.55m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“3.54”

Context: 7.55

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-03Pipy South · leadGrade: 0.05Grade Unit: %Intercept: 7.55 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-03:12.5-20.05
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.05% over 7.55m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.05”

Context: 7.55

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-03Pipy South · goldGrade: 0.19Grade Unit: g/tIntercept: 13 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.19
Grade Unit
g/t
Intercept
13 m
From
107 m
To
120 m
Hole Depth
137 m
Intercept Depth
12.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-03:107-120
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 0.19 g/t over 13.0m, which is below the weak grade threshold for open-pit gold and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.19”

Context: 13.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-03Pipy South · silverGrade: 0.65Grade Unit: g/tIntercept: 13 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.65
Grade Unit
g/t
Intercept
13 m
From
107 m
To
120 m
Hole Depth
137 m
Intercept Depth
12.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-03:107-120
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 0.65 g/t over 13.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.65”

Context: 13.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-03Pipy South · leadGrade: 0.16Grade Unit: %Intercept: 13 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.16
Grade Unit
%
Intercept
13 m
From
107 m
To
120 m
Hole Depth
137 m
Intercept Depth
12.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-03:107-120
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.16% over 13.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.16”

Context: 13.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-04Pipy South · goldGrade: 0.07Grade Unit: g/tIntercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-04
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-04:27-35
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 0.07 g/t over 8.0m, which is significantly below the weak grade threshold for open-pit gold and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.07”

Context: 8.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-04Pipy South · silverGrade: 0.47Grade Unit: g/tIntercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-04
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-04:27-35
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 0.47 g/t over 8.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.47”

Context: 8.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-04Pipy South · leadGrade: 0.002Grade Unit: %Intercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-04
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.002
Grade Unit
%
Intercept
8 m
From
27 m
To
35 m
Hole Depth
200 m
Intercept Depth
27 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-04:27-35
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.002% over 8.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.002”

Context: 8.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-04Pipy South · goldGrade: 0.41Grade Unit: g/tIntercept: 9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-04
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.41
Grade Unit
g/t
Intercept
9 m
From
48 m
To
57 m
Hole Depth
200 m
Intercept Depth
27 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-04:48-57
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 0.41 g/t over 9.0m, which is a weak grade for open-pit gold and has a weak grade-thickness product.

Negative factors

  • Weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.41”

Context: 9.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-04Pipy South · silverGrade: 1.78Grade Unit: g/tIntercept: 9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-04
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
1.78
Grade Unit
g/t
Intercept
9 m
From
48 m
To
57 m
Hole Depth
200 m
Intercept Depth
27 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-04:48-57
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 1.78 g/t over 9.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“1.78”

Context: 9.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-04Pipy South · leadGrade: 0.03Grade Unit: %Intercept: 9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-04
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.03
Grade Unit
%
Intercept
9 m
From
48 m
To
57 m
Hole Depth
200 m
Intercept Depth
27 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-04:48-57
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.03% over 9.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.03”

Context: 9.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-05Pipy South · goldGrade: 0.77Grade Unit: g/tIntercept: 29 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-05:40-69
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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 of 29.0m at 0.77 g/t gold, indicating significant width of mineralization, contributing to a moderate grade-thickness product.

Positive factors

  • Broad intercept
  • Moderate grade-thickness product
  • Near-surface mineralization

Negative factors

  • Weak grade
  • Apparent width only

Evidence · table

“0.77”

Context: 29.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-05Pipy South · silverGrade: 12.83Grade Unit: g/tIntercept: 29 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-05:40-69
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 12.83 g/t over 29.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“12.83”

Context: 29.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-05Pipy South · leadGrade: 0.79Grade Unit: %Intercept: 29 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.79
Grade Unit
%
Intercept
29 m
From
40 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:40-69
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.79% over 29.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.79”

Context: 29.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-05Pipy South · goldGrade: 1.17Grade Unit: g/tIntercept: 12 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
1.17
Grade Unit
g/t
Intercept
12 m
From
57 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:57-69
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 1.17 g/t over 12.0m, which is a moderate grade for open-pit gold and has a moderate grade-thickness product.

Positive factors

  • Moderate grade-thickness product

Negative factors

  • Moderate grade
  • Apparent width only

Evidence · table

“1.17”

Context: 12.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-05Pipy South · silverGrade: 27.77Grade Unit: g/tIntercept: 12 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
27.77
Grade Unit
g/t
Intercept
12 m
From
57 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:57-69
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 27.77 g/t over 12.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“27.77”

Context: 12.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-05Pipy South · leadGrade: 1.86Grade Unit: %Intercept: 12 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
1.86
Grade Unit
%
Intercept
12 m
From
57 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:57-69
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 1.86% over 12.0m, which is a weak grade for lead but has a moderate grade-thickness product.

Positive factors

  • Moderate grade-thickness product

Negative factors

  • Weak grade
  • Apparent width only

Evidence · table

“1.86”

Context: 12.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-06Pipy South · goldGrade: 0.65Grade Unit: g/tIntercept: 75 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-06:50-125
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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 of 75.0m at 0.65 g/t gold, indicating significant width of mineralization, contributing to a moderate grade-thickness product.

Positive factors

  • Very broad intercept
  • Moderate grade-thickness product
  • Near-surface mineralization

Negative factors

  • Weak grade
  • Apparent width only

Evidence · table

“0.65”

Context: 75.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-06Pipy South · silverGrade: 11.55Grade Unit: g/tIntercept: 75 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-06:50-125
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 11.55 g/t over 75.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“11.55”

Context: 75.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-06Pipy South · leadGrade: 0.56Grade Unit: %Intercept: 75 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.56
Grade Unit
%
Intercept
75 m
From
50 m
To
125 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:50-125
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.56% over 75.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.56”

Context: 75.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-06Pipy South · goldGrade: 1.05Grade Unit: g/tIntercept: 28.25 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
1.05
Grade Unit
g/t
Intercept
28.25 m
From
78.75 m
To
107 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:78.75-107
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Gold intercept of 1.05 g/t over 28.25m, which is a moderate grade for open-pit gold and has a moderate grade-thickness product.

Positive factors

  • Moderate grade-thickness product

Negative factors

  • Moderate grade
  • Apparent width only

Evidence · table

“1.05”

Context: 28.25

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-06Pipy South · silverGrade: 22.56Grade Unit: g/tIntercept: 28.25 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
22.56
Grade Unit
g/t
Intercept
28.25 m
From
78.75 m
To
107 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:78.75-107
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 22.56 g/t over 28.25m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“22.56”

Context: 28.25

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-06Pipy South · leadGrade: 0.95Grade Unit: %Intercept: 28.25 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.95
Grade Unit
%
Intercept
28.25 m
From
78.75 m
To
107 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:78.75-107
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.95% over 28.25m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.95”

Context: 28.25

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-07Pipy South · goldGrade: 0.9Grade Unit: g/tIntercept: 30 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-07:25-55
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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 of 30.0m at 0.90 g/t gold, indicating significant width of mineralization, contributing to a moderate grade-thickness product.

Positive factors

  • Broad intercept
  • Moderate grade-thickness product
  • Near-surface mineralization

Negative factors

  • Below moderate grade
  • Apparent width only

Evidence · table

“0.90”

Context: 30.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-07Pipy South · silverGrade: 3.71Grade Unit: g/tIntercept: 30 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-07:25-55
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 3.71 g/t over 30.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“3.71”

Context: 30.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-07Pipy South · leadGrade: 0.21Grade Unit: %Intercept: 30 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.21
Grade Unit
%
Intercept
30 m
From
25 m
To
55 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:25-55
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 0.21% over 30.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.21”

Context: 30.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-07Pipy South · goldGrade: 8.01Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
8.01
Grade Unit
g/t
Intercept
2 m
From
32 m
To
34 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:32-34
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: High-grade gold intercept of 8.01 g/t, which is exceptional for open-pit gold, but over a narrow width of 2.0m.

Positive factors

  • Exceptional grade
  • Part of broader mineralized zone

Negative factors

  • Narrow intercept
  • Apparent width only

Evidence · table

“8.01”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-07Pipy South · silverGrade: 38.1Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
38.1
Grade Unit
g/t
Intercept
2 m
From
32 m
To
34 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:32-34
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Silver intercept of 38.10 g/t over 2.0m, which is a weak grade for silver but has a very low grade-thickness product.

Negative factors

  • Weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“38.10”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-07Pipy South · leadGrade: 2.17Grade Unit: %Intercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
2.17
Grade Unit
%
Intercept
2 m
From
32 m
To
34 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:32-34
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
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: Lead intercept of 2.17% over 2.0m, which is a weak grade for lead but over a narrow width, resulting in a very low grade-thickness product.

Positive factors

  • Weak grade

Negative factors

  • Narrow intercept
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“2.17”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-08Pipy South · goldGrade: 0.24Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-08
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-08:115-117
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.24 g/t over 2.0m, which is significantly below the weak grade threshold for open-pit gold and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.24”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-08Pipy South · silverGrade: 0.185Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-08
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-08:115-117
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 0.185 g/t over 2.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.185”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-08Pipy South · leadGrade: 0.001Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-08
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.001
Grade Unit
%
Intercept
2 m
From
115 m
To
117 m
Hole Depth
209 m
Intercept Depth
115 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-08:115-117
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.001% over 2.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.001”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-09Pipy South · goldGrade: 0.24Grade Unit: g/tIntercept: 12.6 mView all details
Link to this fact

Identity

Hole ID
PG26-09
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-09:22.6-35.2
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.24 g/t over 12.6m, which is significantly below the weak grade threshold for open-pit gold and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.24”

Context: 12.60

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-09Pipy South · silverGrade: 0.65Grade Unit: g/tIntercept: 12.6 mView all details
Link to this fact

Identity

Hole ID
PG26-09
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-09:22.6-35.2
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 0.65 g/t over 12.6m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.65”

Context: 12.60

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-09Pipy South · leadGrade: 0.003Grade Unit: %Intercept: 12.6 mView all details
Link to this fact

Identity

Hole ID
PG26-09
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-09:22.6-35.2
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.003% over 12.6m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.003”

Context: 12.60

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-11Pipy South · goldGrade: 0.66Grade Unit: g/tIntercept: 20.25 mView all details
Link to this fact

Identity

Hole ID
PG26-11
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-11:30.15-50.4
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.66 g/t over 20.25m, which is a weak grade for open-pit gold but has a moderate grade-thickness product.

Positive factors

  • New drill result
  • Moderate grade-thickness product
  • Near-surface mineralization

Negative factors

  • Weak grade
  • Apparent width only

Evidence · table

“0.66”

Context: 20.25

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-11Pipy South · silverGrade: 4.65Grade Unit: g/tIntercept: 20.25 mView all details
Link to this fact

Identity

Hole ID
PG26-11
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-11:30.15-50.4
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 4.65 g/t over 20.25m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“4.65”

Context: 20.25

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-11Pipy South · leadGrade: 0.25Grade Unit: %Intercept: 20.25 mView all details
Link to this fact

Identity

Hole ID
PG26-11
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-11:30.15-50.4
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.25% over 20.25m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.25”

Context: 20.25

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-11Pipy South · goldGrade: 1.97Grade Unit: g/tIntercept: 6.2 mView all details
Link to this fact

Identity

Hole ID
PG26-11
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
1.97
Grade Unit
g/t
Intercept
6.2 m
From
33 m
To
39.2 m
Hole Depth
95 m
Intercept Depth
30.15 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-11:33-39.2
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 1.97 g/t over 6.2m, which is a strong grade for open-pit gold and has a moderate grade-thickness product.

Positive factors

  • New drill result
  • Strong grade
  • Moderate grade-thickness product

Negative factors

  • Apparent width only

Evidence · table

“1.97”

Context: 6.20

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-11Pipy South · silverGrade: 15.37Grade Unit: g/tIntercept: 6.2 mView all details
Link to this fact

Identity

Hole ID
PG26-11
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
15.37
Grade Unit
g/t
Intercept
6.2 m
From
33 m
To
39.2 m
Hole Depth
95 m
Intercept Depth
30.15 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-11:33-39.2
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 15.37 g/t over 6.2m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“15.37”

Context: 6.20

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-11Pipy South · leadGrade: 0.69Grade Unit: %Intercept: 6.2 mView all details
Link to this fact

Identity

Hole ID
PG26-11
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.69
Grade Unit
%
Intercept
6.2 m
From
33 m
To
39.2 m
Hole Depth
95 m
Intercept Depth
30.15 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-11:33-39.2
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.69% over 6.2m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.69”

Context: 6.20

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-12Pipy South · goldGrade: 0.89Grade Unit: g/tIntercept: 13.35 mView all details
Link to this fact

Identity

Hole ID
PG26-12
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-12:23-35.95
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.89 g/t over 13.35m, which is below the moderate grade threshold for open-pit gold but has a moderate grade-thickness product.

Positive factors

  • New drill result
  • Moderate grade-thickness product
  • Near-surface mineralization

Negative factors

  • Below moderate grade
  • Apparent width only

Evidence · table

“0.89”

Context: 13.35

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-12Pipy South · silverGrade: 3.71Grade Unit: g/tIntercept: 13.35 mView all details
Link to this fact

Identity

Hole ID
PG26-12
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-12:23-35.95
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 3.71 g/t over 13.35m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“3.71”

Context: 13.35

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-12Pipy South · leadGrade: 0.03Grade Unit: %Intercept: 13.35 mView all details
Link to this fact

Identity

Hole ID
PG26-12
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-12:23-35.95
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.03% over 13.35m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.03”

Context: 13.35

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-12Pipy South · goldGrade: 0.31Grade Unit: g/tIntercept: 4.3 mView all details
Link to this fact

Identity

Hole ID
PG26-12
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.31
Grade Unit
g/t
Intercept
4.3 m
From
43.1 m
To
47.4 m
Hole Depth
86 m
Intercept Depth
23 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-12:43.1-47.4
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.31 g/t over 4.3m, which is a weak grade for open-pit gold but has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.31”

Context: 4.30

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-12Pipy South · silverGrade: 0.54Grade Unit: g/tIntercept: 4.3 mView all details
Link to this fact

Identity

Hole ID
PG26-12
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.54
Grade Unit
g/t
Intercept
4.3 m
From
43.1 m
To
47.4 m
Hole Depth
86 m
Intercept Depth
23 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-12:43.1-47.4
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 0.54 g/t over 4.3m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.54”

Context: 4.30

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-12Pipy South · leadGrade: 0Grade Unit: %Intercept: 4.3 mView all details
Link to this fact

Identity

Hole ID
PG26-12
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0
Grade Unit
%
Intercept
4.3 m
From
43.1 m
To
47.4 m
Hole Depth
86 m
Intercept Depth
23 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-12:43.1-47.4
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.00% over 4.3m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.00”

Context: 4.30

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-13Pipy South · goldGrade: 0.56Grade Unit: g/tIntercept: 15.6 mView all details
Link to this fact

Identity

Hole ID
PG26-13
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-13:26.3-41.9
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.56 g/t over 15.6m, which is a weak grade for open-pit gold and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.56”

Context: 15.60

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-13Pipy South · silverGrade: 2.2Grade Unit: g/tIntercept: 15.6 mView all details
Link to this fact

Identity

Hole ID
PG26-13
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-13:26.3-41.9
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 2.20 g/t over 15.6m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“2.20”

Context: 15.60

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-13Pipy South · leadGrade: 0.06Grade Unit: %Intercept: 15.6 mView all details
Link to this fact

Identity

Hole ID
PG26-13
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-13:26.3-41.9
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.06% over 15.6m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.06”

Context: 15.60

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-13Pipy South · goldGrade: 0.24Grade Unit: g/tIntercept: 17.9 mView all details
Link to this fact

Identity

Hole ID
PG26-13
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.24
Grade Unit
g/t
Intercept
17.9 m
From
46.1 m
To
64 m
Hole Depth
127 m
Intercept Depth
26.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-13:46.1-64
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.24 g/t over 17.9m, which is significantly below the weak grade threshold for open-pit gold and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.24”

Context: 17.90

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-13Pipy South · silverGrade: 2.41Grade Unit: g/tIntercept: 17.9 mView all details
Link to this fact

Identity

Hole ID
PG26-13
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
2.41
Grade Unit
g/t
Intercept
17.9 m
From
46.1 m
To
64 m
Hole Depth
127 m
Intercept Depth
26.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-13:46.1-64
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 2.41 g/t over 17.9m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“2.41”

Context: 17.90

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-13Pipy South · leadGrade: 0Grade Unit: %Intercept: 17.9 mView all details
Link to this fact

Identity

Hole ID
PG26-13
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0
Grade Unit
%
Intercept
17.9 m
From
46.1 m
To
64 m
Hole Depth
127 m
Intercept Depth
26.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-13:46.1-64
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.00% over 17.9m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.00”

Context: 17.90

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-14Pipy South · goldGrade: 0.46Grade Unit: g/tIntercept: 27.4 mView all details
Link to this fact

Identity

Hole ID
PG26-14
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-14:57.6-85
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.46 g/t over 27.4m, which is a weak grade for open-pit gold but has a moderate grade-thickness product.

Positive factors

  • New drill result
  • Moderate grade-thickness product

Negative factors

  • Weak grade
  • Apparent width only

Evidence · table

“0.46”

Context: 27.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-14Pipy South · silverGrade: 2.34Grade Unit: g/tIntercept: 27.4 mView all details
Link to this fact

Identity

Hole ID
PG26-14
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-14:57.6-85
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 2.34 g/t over 27.4m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“2.34”

Context: 27.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-14Pipy South · leadGrade: 0.19Grade Unit: %Intercept: 27.4 mView all details
Link to this fact

Identity

Hole ID
PG26-14
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-14:57.6-85
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.19% over 27.4m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.19”

Context: 27.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-15Pipy South · goldGrade: 0.82Grade Unit: g/tIntercept: 10.4 mView all details
Link to this fact

Identity

Hole ID
PG26-15
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-15:106.6-117
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.82 g/t over 10.4m, which is below the moderate grade threshold for open-pit gold but has a moderate grade-thickness product.

Positive factors

  • New drill result
  • Moderate grade-thickness product

Negative factors

  • Below moderate grade
  • Apparent width only

Evidence · table

“0.82”

Context: 10.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-15Pipy South · silverGrade: 8.85Grade Unit: g/tIntercept: 10.4 mView all details
Link to this fact

Identity

Hole ID
PG26-15
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-15:106.6-117
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 8.85 g/t over 10.4m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“8.85”

Context: 10.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-15Pipy South · leadGrade: 0.02Grade Unit: %Intercept: 10.4 mView all details
Link to this fact

Identity

Hole ID
PG26-15
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-15:106.6-117
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.02% over 10.4m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.02”

Context: 10.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-15Pipy South · goldGrade: 0.41Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
PG26-15
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.41
Grade Unit
g/t
Intercept
5 m
From
131 m
To
136 m
Hole Depth
161 m
Intercept Depth
106.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-15:131-136
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.41 g/t over 5.0m, which is a weak grade for open-pit gold but has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.41”

Context: 5.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-15Pipy South · silverGrade: 0.28Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
PG26-15
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.28
Grade Unit
g/t
Intercept
5 m
From
131 m
To
136 m
Hole Depth
161 m
Intercept Depth
106.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-15:131-136
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 0.28 g/t over 5.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.28”

Context: 5.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-15Pipy South · leadGrade: 0.01Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
PG26-15
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.01
Grade Unit
%
Intercept
5 m
From
131 m
To
136 m
Hole Depth
161 m
Intercept Depth
106.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-15:131-136
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.01% over 5.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.01”

Context: 5.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · goldGrade: 0.26Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-16:42.6-44.6
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.26 g/t over 2.0m, which is significantly below the weak grade threshold for open-pit gold and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.26”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · silverGrade: 0.81Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-16:42.6-44.6
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 0.81 g/t over 2.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.81”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · leadGrade: 0Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

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

Program
exploration
Sample Type
drill
Group ID
PG26-16:42.6-44.6
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.00% over 2.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.00”

Context: 2.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · goldGrade: 0.43Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.43
Grade Unit
g/t
Intercept
8 m
From
115 m
To
123 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:115-123
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.43 g/t over 8.0m, which is a weak grade for open-pit gold and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.43”

Context: 8.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · silverGrade: 0.51Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.51
Grade Unit
g/t
Intercept
8 m
From
115 m
To
123 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:115-123
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 0.51 g/t over 8.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.51”

Context: 8.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · leadGrade: 0Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0
Grade Unit
%
Intercept
8 m
From
115 m
To
123 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:115-123
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.00% over 8.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.00”

Context: 8.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · goldGrade: 0.47Grade Unit: g/tIntercept: 21 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.47
Grade Unit
g/t
Intercept
21 m
From
149 m
To
170 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:149-170
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.47 g/t over 21.0m, which is a weak grade for open-pit gold but has a moderate grade-thickness product.

Positive factors

  • New drill result
  • Moderate grade-thickness product

Negative factors

  • Weak grade
  • Apparent width only

Evidence · table

“0.47”

Context: 21.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · silverGrade: 3.37Grade Unit: g/tIntercept: 21 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
3.37
Grade Unit
g/t
Intercept
21 m
From
149 m
To
170 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:149-170
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 3.37 g/t over 21.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“3.37”

Context: 21.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · leadGrade: 0.28Grade Unit: %Intercept: 21 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.28
Grade Unit
%
Intercept
21 m
From
149 m
To
170 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:149-170
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.28% over 21.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.28”

Context: 21.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · goldGrade: 0.39Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.39
Grade Unit
g/t
Intercept
4 m
From
223 m
To
227 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:223-227
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.39 g/t over 4.0m, which is a weak grade for open-pit gold but has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.39”

Context: 4.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · silverGrade: 0.86Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.86
Grade Unit
g/t
Intercept
4 m
From
223 m
To
227 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:223-227
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 0.86 g/t over 4.0m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.86”

Context: 4.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · leadGrade: 0.04Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.04
Grade Unit
%
Intercept
4 m
From
223 m
To
227 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:223-227
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.04% over 4.0m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.04”

Context: 4.00

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · goldGrade: 0.55Grade Unit: g/tIntercept: 4.75 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.55
Grade Unit
g/t
Intercept
4.75 m
From
237.6 m
To
242.35 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:237.6-242.35
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.55 g/t over 4.75m, which is a weak grade for open-pit gold and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.55”

Context: 4.75

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · silverGrade: 1.85Grade Unit: g/tIntercept: 4.75 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
1.85
Grade Unit
g/t
Intercept
4.75 m
From
237.6 m
To
242.35 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:237.6-242.35
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 1.85 g/t over 4.75m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“1.85”

Context: 4.75

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · leadGrade: 0.01Grade Unit: %Intercept: 4.75 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.01
Grade Unit
%
Intercept
4.75 m
From
237.6 m
To
242.35 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:237.6-242.35
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.01% over 4.75m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.01”

Context: 4.75

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · goldGrade: 0.25Grade Unit: g/tIntercept: 12.4 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.25
Grade Unit
g/t
Intercept
12.4 m
From
264.6 m
To
277 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:264.6-277
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Gold intercept of 0.25 g/t over 12.4m, which is significantly below the weak grade threshold for open-pit gold and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.25”

Context: 12.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · silverGrade: 1.17Grade Unit: g/tIntercept: 12.4 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
1.17
Grade Unit
g/t
Intercept
12.4 m
From
264.6 m
To
277 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:264.6-277
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Silver intercept of 1.17 g/t over 12.4m, which is below the weak grade threshold for silver and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“1.17”

Context: 12.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

PG26-16Pipy South · leadGrade: 0.01Grade Unit: %Intercept: 12.4 mView all details
Link to this fact

Identity

Hole ID
PG26-16
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN.V

Geometry

Grade
0.01
Grade Unit
%
Intercept
12.4 m
From
264.6 m
To
277 m
Hole Depth
290 m
Intercept Depth
42.6 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-16:264.6-277
Mining Method
open_pit

Location

Location
Horseshoe Gold Zone
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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Lead intercept of 0.01% over 12.4m, which is below the weak grade threshold for lead and has a very low grade-thickness product.

Positive factors

  • New drill result

Negative factors

  • Below weak grade
  • Below weak grade-thickness product
  • Apparent width only

Evidence · table

“0.01”

Context: 12.40

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, "

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.