NiCAN Intersects Broad Zones of Gold Mineralization at Pipy South, Thompson, Manit...

Original announcement by prospectors_exchange on

Company
NiCAN
Ticker
NICN
Exchange
Unavailable
Region
Manitoba
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Drill results
Extracted
2026-09-16 17:04:34 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

NiCAN has released the first seven assay results from its 2,395-metre diamond drill program at the Pipy South Property in Manitoba. The results include broad gold-silver intercepts and indicate the Horseshoe Gold zone extends at least 400 metres along strike.

Reasoning: First results from a new 16-hole program showing broad gold and silver intercepts and strike continuity.

Positive factors

  • broad mineralization
  • strike extension

Facts used in scoring: 6

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The Horseshoe Gold zone extends at least 400 metres along strike.

Evidence · text

“The Horseshoe Gold zone extends at least 400 metres along strike”

Extracted facts

Stored fact records: 6. Some facts used in scoring do not have a stored record.

Drill Results (6)

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

Identity

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

Geometry

Grade
0.65
Grade Unit
g/t
Intercept
75 m

Classification

Program
exploration
Sample Type
drill
Mining Method
unknown

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Broad 75m intercept of gold.

Positive factors

  • broad width

Evidence · text

“75.0 metres of 0.65 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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

Identity

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

Geometry

Grade
11.55
Grade Unit
g/t
Intercept
75 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:0-75
Mining Method
unknown

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver byproduct in broad gold intercept.

Evidence · text

“11.55 g/t silver in PG26-06”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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

Identity

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

Geometry

Grade
0.9
Grade Unit
g/t
Intercept
30 m

Classification

Program
exploration
Sample Type
drill
Mining Method
unknown

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: 30m intercept including a high-grade 2m zone.

Positive factors

  • high grade sub-interval

Evidence · text

“30 metres of 0.90 g/t gold in PG26-07”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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

Identity

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

Geometry

Grade
8.01
Grade Unit
g/t
Intercept
2 m

Classification

Program
exploration
Sample Type
drill
Mining Method
unknown

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Strong 2m sub-interval at 8.01 g/t gold.

Positive factors

  • high grade

Evidence · text

“including 2.0 metres of 8.01 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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

Identity

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

Geometry

Grade
0.77
Grade Unit
g/t
Intercept
29 m

Classification

Program
exploration
Sample Type
drill
Mining Method
unknown

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: 29m intercept of gold.

Positive factors

  • broad width

Evidence · text

“29.0 metres of 0.77 g/t gold”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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

Identity

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

Geometry

Grade
12.83
Grade Unit
g/t
Intercept
29 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:0-29
Mining Method
unknown

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver byproduct in broad gold intercept.

Evidence · text

“12.83 g/t silver in PG26-05”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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.