# NiCAN Confirms Horseshoe Gold Zone Extends Beyond 400-Metre in Strike and Points to a Significantly Larger Opportunity to the South at Pipy Property, Thompson, Manitoba Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef Original source: https://orestocks.com/company/NICN.V/press-releases/8016564029710944 Publisher: orestocks Original announcement: 2026-10-13T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T11:59:04.353Z Atlas analysis updated: 2026-10-13T11:59:04.353Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant strike length extension \(over 400m\) - Positive factor: Zone remains open in all directions - Positive factor: Identification of larger, geologically similar structures to the south - Positive factor: Broad, near-surface gold mineralization - Positive factor: High-grade gold intercept \(8.01 g/t Au over 2.0m\) - Positive factor: QA/QC procedures disclosed and certified labs used - Positive factor: QP sign-off - Negative factor: True widths not determined - Negative factor: Many gold intercepts below prior average grade - Negative factor: Narrow high-grade intercept Facts used in scoring: 89 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release explicitly states that NiCAN employed a vigorous QAQC program including certified standards, blanks, and duplicates, and that samples were sent to 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 Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The document explicitly states that true widths have not been determined for the reported intercepts. Evidence · text > True widths have not been determined **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: 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) ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-0) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below moderate grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.91 Context: 3.50 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-1) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.91 Context: 3.50 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-2) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.005 Context: 3.50 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-3) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Moderate grade-thickness product - Negative factor: Moderate grade - Negative factor: Apparent width only Evidence · table > 1.26 Context: 12.70 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-01 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-4) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-01 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 16.80 Context: 12.70 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-02 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-5) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-02 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.19 Context: 19.20 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-02 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-6) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-02 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 5.79 Context: 19.20 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-02 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-7) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-02 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.26 Context: 19.20 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-8) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below moderate grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.89 Context: 7.55 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-9) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 3.54 Context: 7.55 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-10) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.05 Context: 7.55 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-11) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.19 Context: 13.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-12) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.65 Context: 13.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-03 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-13) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-03 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.16 Context: 13.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-14) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.07 Context: 8.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-15) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.47 Context: 8.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-16) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.002 Context: 8.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-17) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.41 Context: 9.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-18) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 1.78 Context: 9.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-04 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-19) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-04 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.03 Context: 9.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-20) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Broad intercept - Positive factor: Moderate grade-thickness product - Positive factor: Near-surface mineralization - Negative factor: Weak grade - Negative factor: Apparent width only Evidence · table > 0.77 Context: 29.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-21) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 12.83 Context: 29.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-22) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.79 Context: 29.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-23) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Moderate grade-thickness product - Negative factor: Moderate grade - Negative factor: Apparent width only Evidence · table > 1.17 Context: 12.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-24) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 27.77 Context: 12.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-05 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-25) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-05 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Moderate grade-thickness product - Negative factor: Weak grade - Negative factor: Apparent width only Evidence · table > 1.86 Context: 12.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-26) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Very broad intercept - Positive factor: Moderate grade-thickness product - Positive factor: Near-surface mineralization - Negative factor: Weak grade - Negative factor: Apparent width only Evidence · table > 0.65 Context: 75.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-27) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 11.55 Context: 75.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-28) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.56 Context: 75.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-29) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Moderate grade-thickness product - Negative factor: Moderate grade - Negative factor: Apparent width only Evidence · table > 1.05 Context: 28.25 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-30) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 22.56 Context: 28.25 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-06 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-31) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-06 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.95 Context: 28.25 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-32) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Broad intercept - Positive factor: Moderate grade-thickness product - Positive factor: Near-surface mineralization - Negative factor: Below moderate grade - Negative factor: Apparent width only Evidence · table > 0.90 Context: 30.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-33) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 3.71 Context: 30.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-34) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.21 Context: 30.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-35) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Exceptional grade - Positive factor: Part of broader mineralized zone - Negative factor: Narrow intercept - Negative factor: Apparent width only Evidence · table > 8.01 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-36) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 38.10 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-07 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-37) Pipy South · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: PG26-07 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: Weak grade - Negative factor: Narrow intercept - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 2.17 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-08 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-38) Pipy South · gold #### Identity - Hole ID: PG26-08 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.24 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-08 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-39) Pipy South · silver #### Identity - Hole ID: PG26-08 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.185 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-08 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-40) Pipy South · lead #### Identity - Hole ID: PG26-08 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.001 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-09 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-41) Pipy South · gold #### Identity - Hole ID: PG26-09 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.24 Context: 12.60 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-09 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-42) Pipy South · silver #### Identity - Hole ID: PG26-09 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.65 Context: 12.60 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-09 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-43) Pipy South · lead #### Identity - Hole ID: PG26-09 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.003 Context: 12.60 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-44) Pipy South · gold #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Positive factor: Moderate grade-thickness product - Positive factor: Near-surface mineralization - Negative factor: Weak grade - Negative factor: Apparent width only Evidence · table > 0.66 Context: 20.25 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-45) Pipy South · silver #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 4.65 Context: 20.25 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-46) Pipy South · lead #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.25 Context: 20.25 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-47) Pipy South · gold #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Positive factor: Strong grade - Positive factor: Moderate grade-thickness product - Negative factor: Apparent width only Evidence · table > 1.97 Context: 6.20 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-48) Pipy South · silver #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 15.37 Context: 6.20 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-11 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-49) Pipy South · lead #### Identity - Hole ID: PG26-11 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.69 Context: 6.20 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-50) Pipy South · gold #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Positive factor: Moderate grade-thickness product - Positive factor: Near-surface mineralization - Negative factor: Below moderate grade - Negative factor: Apparent width only Evidence · table > 0.89 Context: 13.35 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-51) Pipy South · silver #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 3.71 Context: 13.35 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-52) Pipy South · lead #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.03 Context: 13.35 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-53) Pipy South · gold #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.31 Context: 4.30 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-54) Pipy South · silver #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.54 Context: 4.30 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-12 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-55) Pipy South · lead #### Identity - Hole ID: PG26-12 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.00 Context: 4.30 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-56) Pipy South · gold #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.56 Context: 15.60 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-57) Pipy South · silver #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 2.20 Context: 15.60 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-58) Pipy South · lead #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.06 Context: 15.60 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-59) Pipy South · gold #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.24 Context: 17.90 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-60) Pipy South · silver #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 2.41 Context: 17.90 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-13 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-61) Pipy South · lead #### Identity - Hole ID: PG26-13 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.00 Context: 17.90 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-14 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-62) Pipy South · gold #### Identity - Hole ID: PG26-14 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Positive factor: Moderate grade-thickness product - Negative factor: Weak grade - Negative factor: Apparent width only Evidence · table > 0.46 Context: 27.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-14 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-63) Pipy South · silver #### Identity - Hole ID: PG26-14 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 2.34 Context: 27.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-14 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-64) Pipy South · lead #### Identity - Hole ID: PG26-14 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.19 Context: 27.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-65) Pipy South · gold #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Positive factor: Moderate grade-thickness product - Negative factor: Below moderate grade - Negative factor: Apparent width only Evidence · table > 0.82 Context: 10.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-66) Pipy South · silver #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 8.85 Context: 10.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-67) Pipy South · lead #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.02 Context: 10.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-68) Pipy South · gold #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.41 Context: 5.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-69) Pipy South · silver #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.28 Context: 5.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-15 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-70) Pipy South · lead #### Identity - Hole ID: PG26-15 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.01 Context: 5.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-71) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.26 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-72) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.81 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-73) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.00 Context: 2.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-74) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.43 Context: 8.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-75) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.51 Context: 8.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-76) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.00 Context: 8.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-77) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Positive factor: Moderate grade-thickness product - Negative factor: Weak grade - Negative factor: Apparent width only Evidence · table > 0.47 Context: 21.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-78) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 3.37 Context: 21.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-79) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.28 Context: 21.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-80) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.39 Context: 4.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-81) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.86 Context: 4.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-82) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.04 Context: 4.00 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-83) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.55 Context: 4.75 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-84) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 1.85 Context: 4.75 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-85) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.01 Context: 4.75 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-86) Pipy South · gold #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.25 Context: 12.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-87) Pipy South · silver #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 1.17 Context: 12.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ### PG26-16 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-confirms-horseshoe-gold-zone-extends-beyond-400-metre-in-strike-and-points--e8e981a3-e016-4016-a5e1-bc0804bd1fef#fact-drill-facts-88) Pipy South · lead #### Identity - Hole ID: PG26-16 - Project: Pipy South - Commodity: lead - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN.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 factor: New drill result - Negative factor: Below weak grade - Negative factor: Below weak grade-thickness product - Negative factor: Apparent width only Evidence · table > 0.01 Context: 12.40 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities are focused on the Pipy South Project, which is adjacent to the Mystery Lake South area, " ## 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.