# NiCAN Intersects Broad Zones of Gold Mineralization at Pipy South, Thompson, Manitoba

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42

Original source: https://www.newswire.ca/news-releases/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manitoba-868943340.html

Publisher: cnw

Original announcement: 2026-09-14T11:31:55.308Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: NiCAN Limited

- Ticker: NICN

- Exchange: Unavailable

- Region: Manitoba

- Primary commodity: Gold

- Secondary commodities: Silver, Lead

- Document categories: Drill results

- Extracted: 2026-09-14 11:36:26 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

NiCAN Limited announced assay results from the first seven holes of its 16-hole diamond drill program at the Pipy South Property in Thompson, Manitoba. The program successfully extended the Horseshoe Gold Zone by 400m along strike, intersecting broad zones of gold mineralization including 75.0m at 0.65 g/t Au and 30.0m at 0.90 g/t Au, with a high-grade sub-intercept of 2.0m at 8.01 g/t Au. The company also expanded its land position at Pipy South to 65.2km2, identifying new prospective geological settings.

Reasoning: NiCAN's drill program successfully extended the Horseshoe Gold Zone by 400m along strike, confirming broad zones of gold mineralization. While most grades are moderate, the significant widths and a high-grade sub-intercept demonstrate the project's potential. The expansion of the land position and identification of new targets further enhance the prospectivity, despite the lack of true width determination for the reported intercepts.

- Positive factor: Broad zones of gold mineralization intersected, extending the known strike length by 400m.

- Positive factor: High-grade sub-intercept of 8.01 g/t Au over 2.0m in hole PG26-07.

- Positive factor: Significant widths of mineralization, including 75.0m and 29.0m.

- Positive factor: Expansion of land position to 65km2 with newly identified prospective geological settings.

- Positive factor: Robust QA/QC program with certified labs and QP sign-off.

- Negative factor: True widths have not been determined, potentially overstating apparent intercept lengths.

- Negative factor: Most gold grades are moderate to weak compared to prior project averages, despite broad widths.

- Negative factor: Assay results for silver and lead are pending for some significant gold intercepts.

Facts used in scoring: 32

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The drill results confirm that the Horseshoe Gold zone extends at least 400m along strike beyond the discovery intersections reported in early 2026.

Evidence · text

> Results confirm that the Horseshoe Gold zone extends at least 400m along strike beyond the discovery intersections reported in early 2026

**QA/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, with samples sent to certified commercial laboratories \(Paragon Geochemical Laboratory and Agat Laboratories\).

Evidence · text

> NiCAN employed a vigorous QAQC program which entailed the regular submission of certified standards, blanks and duplicates within the sample stream. No unusual discrepancies were noted in the QAQC sample results with all being within respective control limits. Samples were sent to Paragon Geochemical Laboratory where gold was assayed using the photon assay technique, Code PA-AU02/AG02 Au and Ag; 2-cycle Photon Assay. Multi-element \(201-071\) 4 Acid Digest - Metals Package, ICP-OES/ICP-MS finish analysis was carried out on all samples by Agat Laboratories in Calgary Alberta. Both certified commercial laboratories are independent of NiCAN.

**QP/CP Signed**

Polarity: positive

Story-specific tag

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Mr. Bill Nielsen, P.Geo, a qualified person under NI 43-101, reviewed and approved the scientific and technical information in the press release.

Evidence · text

> Mr. Bill Nielsen, P.Geo, an independent consultant to NiCAN, who is a qualified person under National Instrument 43-101 – Standards of Disclosure of Mineral Projects \("NI 43-101"\) has reviewed and approved the scientific and technical information in this press release.

**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

> Note: True widths have not been determined

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: The document mentions 'appreciable concentrations of galena \(lead\)' and reports lead grades, which can be a penalty element.

Evidence · text

> appreciable concentrations of galena \(lead\)

**Low Grade**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Most gold intercepts, such as 75.0m at 0.65 g/t Au and 29.0m at 0.77 g/t Au, are below the strong grade threshold for orogenic open pit gold \(2 g/t Au\).

Evidence · table

> 0.65

Context: 75.0

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 2.0m at 8.01 g/t Au in hole PG26-07 exceeds the exceptional grade threshold for orogenic open pit gold \(5 g/t Au\).

Evidence · table

> 8.01

Context: 2.0

## Extracted facts

Stored fact records: 32. Some facts used in scoring do not have a stored record.

## Drill Results (32)

### PG26-01

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-0)

Pipy South · gold

#### Identity

- Hole ID: PG26-01
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.91
- Grade Unit: g/t
- Intercept: 3.5 m
- From: 38 m
- To: 41.5 m
- Hole Depth: 80 m
- Intercept Depth: 38 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-01:38-41.5
- Mining Method: open\_pit

#### Location

- Easting: 577389
- Northing: 6195772
- Elevation: 222 m
- Azimuth: 45 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This intercept confirms gold mineralization but is of weak grade and narrow width, though it contributes to extending the strike length.

- Positive factor: Confirms gold mineralization in the area.

- Negative factor: Grade is weak for orogenic gold in an open pit scenario.

- Negative factor: True width not determined.

Evidence · table

> 0.91

Context: 3.5

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-01

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-1)

Pipy South · gold

#### Identity

- Hole ID: PG26-01
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-01:48.5-61.2
- Mining Method: open\_pit

#### Location

- Easting: 577389
- Northing: 6195772
- Elevation: 222 m
- Azimuth: 45 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This intercept shows moderate width gold mineralization, contributing to the overall strike extension, but the grade is below the project average.

- Positive factor: Moderate width intercept.

- Negative factor: Grade is weak for orogenic gold in an open pit scenario.

- Negative factor: True width not determined.

Evidence · table

> 1.26

Context: 12.7

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-03

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-2)

Pipy South · gold

#### Identity

- Hole ID: PG26-03
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.89
- Grade Unit: g/t
- Intercept: 7.55 m
- From: 12.5 m
- To: 20.05 m
- Hole Depth: 137 m
- Intercept Depth: 12.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-03:12.5-20.05
- Mining Method: open\_pit

#### Location

- Easting: 577358
- Northing: 6195863
- Elevation: 223 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This intercept shows weak gold mineralization over a narrow width, contributing to the overall understanding of the zone.

- Positive factor: Confirms gold mineralization in the area.

- Negative factor: Grade is weak for orogenic gold in an open pit scenario.

- Negative factor: True width not determined.

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

### PG26-03

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-3)

Pipy South · silver

#### Identity

- Hole ID: PG26-03
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 3.54
- Grade Unit: g/t
- Intercept: 7.55 m
- From: 12.5 m
- To: 20.05 m
- Hole Depth: 137 m
- Intercept Depth: 12.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-03:12.5-20.05
- Mining Method: open\_pit

#### Location

- Easting: 577358
- Northing: 6195863
- Elevation: 223 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Low silver grade over a narrow width, indicating minor byproduct potential.

- Negative factor: Silver grade is low.

- Negative factor: True width not determined.

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

### PG26-03

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-4)

Pipy South · lead

#### Identity

- Hole ID: PG26-03
- Project: Pipy South
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.05
- Grade Unit: %
- Intercept: 7.55 m
- From: 12.5 m
- To: 20.05 m
- Hole Depth: 137 m
- Intercept Depth: 12.5 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-03:12.5-20.05
- Mining Method: open\_pit

#### Location

- Easting: 577358
- Northing: 6195863
- Elevation: 223 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Very low lead grade, indicating minimal byproduct potential.

- Negative factor: Lead grade is very low.

- Negative factor: True width not determined.

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

### PG26-05

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-5)

Pipy South · gold

#### Identity

- Hole ID: PG26-05
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.77
- Grade Unit: g/t
- Intercept: 29 m
- From: 40 m
- To: 69 m
- Hole Depth: 134 m
- Intercept Depth: 40 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-05:40-69
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This intercept demonstrates significant width of gold mineralization, which is positive for bulk tonnage potential, despite the weak grade.

- Positive factor: Strong intercept width \(29.0m\).

- Positive factor: Confirms broad gold mineralization.

- Negative factor: Grade is weak for orogenic gold in an open pit scenario.

- Negative factor: True width not determined.

Evidence · table

> 0.77

Context: 29.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-6)

Pipy South · silver

#### Identity

- Hole ID: PG26-05
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 12.83
- Grade Unit: g/t
- Intercept: 29 m
- From: 40 m
- To: 69 m
- Hole Depth: 134 m
- Intercept Depth: 40 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-05:40-69
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate silver grade over a strong width, indicating potential byproduct credits.

- Positive factor: Strong intercept width for silver.

- Negative factor: Silver grade is moderate.

- Negative factor: True width not determined.

Evidence · table

> 12.83

Context: 29.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-7)

Pipy South · lead

#### Identity

- Hole ID: PG26-05
- Project: Pipy South
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-05:40-69
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate lead grade over a strong width, indicating potential byproduct credits and correlation with gold mineralization.

- Positive factor: Moderate lead grade over a strong width.

- Negative factor: True width not determined.

Evidence · table

> 0.79

Context: 29.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-8)

Pipy South · gold

#### Identity

- Hole ID: PG26-05
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-05:57-69
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This sub-intercept shows a slightly higher gold grade within a broader zone, contributing to the overall mineralization.

- Positive factor: Moderate width sub-intercept.

- Negative factor: Grade is weak for orogenic gold in an open pit scenario.

- Negative factor: True width not determined.

Evidence · table

> 1.17

Context: 12.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-9)

Pipy South · silver

#### Identity

- Hole ID: PG26-05
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-05:57-69
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate silver grade within a sub-intercept, indicating potential byproduct credits.

- Positive factor: Moderate silver grade over a moderate width.

- Negative factor: True width not determined.

Evidence · table

> 27.77

Context: 12.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-10)

Pipy South · lead

#### Identity

- Hole ID: PG26-05
- Project: Pipy South
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-05:57-69
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate lead grade within a sub-intercept, indicating potential byproduct credits and correlation with gold mineralization.

- Positive factor: Moderate lead grade over a moderate width.

- Negative factor: True width not determined.

Evidence · table

> 1.86

Context: 12.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-11)

Pipy South · gold

#### Identity

- Hole ID: PG26-06
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.65
- Grade Unit: g/t
- Intercept: 75 m
- From: 50 m
- To: 125 m
- Hole Depth: 155 m
- Intercept Depth: 50 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-06:50-125
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This intercept is highly material due to its exceptional width, indicating a very large mineralized system, despite the weak gold grade.

- Positive factor: Exceptional intercept width \(75.0m\).

- Positive factor: Confirms very broad gold mineralization.

- Negative factor: Grade is weak for orogenic gold in an open pit scenario.

- Negative factor: True width not determined.

Evidence · table

> 0.65

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-12)

Pipy South · silver

#### Identity

- Hole ID: PG26-06
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 11.55
- Grade Unit: g/t
- Intercept: 75 m
- From: 50 m
- To: 125 m
- Hole Depth: 155 m
- Intercept Depth: 50 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-06:50-125
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate silver grade over an exceptional width, indicating significant byproduct potential within the broad mineralized zone.

- Positive factor: Exceptional intercept width for silver.

- Negative factor: Silver grade is moderate.

- Negative factor: True width not determined.

Evidence · table

> 11.55

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-13)

Pipy South · lead

#### Identity

- Hole ID: PG26-06
- Project: Pipy South
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-06:50-125
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate lead grade over an exceptional width, indicating potential byproduct credits and correlation with gold mineralization.

- Positive factor: Exceptional intercept width for lead.

- Negative factor: Lead grade is moderate.

- Negative factor: True width not determined.

Evidence · table

> 0.56

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-14)

Pipy South · gold

#### Identity

- Hole ID: PG26-06
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1.05
- Grade Unit: g/t
- Intercept: 28.3 m
- From: 78.8 m
- To: 107 m
- Hole Depth: 155 m
- Intercept Depth: 50 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-06:78.8-107
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This sub-intercept shows strong width of gold mineralization with a moderate grade, reinforcing the bulk tonnage potential.

- Positive factor: Strong intercept width \(28.3m\).

- Positive factor: Confirms broad gold mineralization.

- Negative factor: Grade is moderate for orogenic gold in an open pit scenario.

- Negative factor: True width not determined.

Evidence · table

> 1.05

Context: 28.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-15)

Pipy South · silver

#### Identity

- Hole ID: PG26-06
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 22.56
- Grade Unit: g/t
- Intercept: 28.3 m
- From: 78.8 m
- To: 107 m
- Hole Depth: 155 m
- Intercept Depth: 50 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-06:78.8-107
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate silver grade over a strong width, indicating potential byproduct credits within the broad mineralized zone.

- Positive factor: Strong intercept width for silver.

- Negative factor: Silver grade is moderate.

- Negative factor: True width not determined.

Evidence · table

> 22.56

Context: 28.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-16)

Pipy South · lead

#### Identity

- Hole ID: PG26-06
- Project: Pipy South
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.95
- Grade Unit: %
- Intercept: 28.3 m
- From: 78.8 m
- To: 107 m
- Hole Depth: 155 m
- Intercept Depth: 50 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-06:78.8-107
- Mining Method: open\_pit

#### Location

- Easting: 577396
- Northing: 6195760
- Elevation: 218 m
- Azimuth: 45 °
- Dip: -70 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate lead grade over a strong width, indicating potential byproduct credits and correlation with gold mineralization.

- Positive factor: Moderate lead grade over a strong width.

- Negative factor: True width not determined.

Evidence · table

> 0.95

Context: 28.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-17)

Pipy South · gold

#### Identity

- Hole ID: PG26-07
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.9
- Grade Unit: g/t
- Intercept: 30 m
- From: 25 m
- To: 55 m
- Hole Depth: 167 m
- Intercept Depth: 25 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-07:25-55
- Mining Method: open\_pit

#### Location

- Easting: 577462
- Northing: 6195853
- Elevation: 229 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This intercept shows strong width of gold mineralization, contributing to the overall strike extension, despite the weak grade.

- Positive factor: Strong intercept width \(30.0m\).

- Positive factor: Confirms broad gold mineralization.

- Negative factor: Grade is weak for orogenic gold in an open pit scenario.

- Negative factor: True width not determined.

Evidence · table

> 0.90

Context: 30.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-18)

Pipy South · silver

#### Identity

- Hole ID: PG26-07
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 5.19
- Grade Unit: g/t
- Intercept: 30 m
- From: 25 m
- To: 55 m
- Hole Depth: 167 m
- Intercept Depth: 25 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-07:25-55
- Mining Method: open\_pit

#### Location

- Easting: 577462
- Northing: 6195853
- Elevation: 229 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Low silver grade over a strong width, indicating minor byproduct potential.

- Positive factor: Strong intercept width for silver.

- Negative factor: Silver grade is low.

- Negative factor: True width not determined.

Evidence · table

> 5.19

Context: 30.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-19)

Pipy South · lead

#### Identity

- Hole ID: PG26-07
- Project: Pipy South
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-07:25-55
- Mining Method: open\_pit

#### Location

- Easting: 577462
- Northing: 6195853
- Elevation: 229 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Low lead grade over a strong width, indicating minor byproduct potential.

- Positive factor: Strong intercept width for lead.

- Negative factor: Lead grade is low.

- Negative factor: True width not determined.

Evidence · table

> 0.21

Context: 30.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-20)

Pipy South · gold

#### Identity

- Hole ID: PG26-07
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-07:32-34
- Mining Method: open\_pit

#### Location

- Easting: 577462
- Northing: 6195853
- Elevation: 229 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: This high-grade sub-intercept is a significant positive, demonstrating the presence of higher-grade zones within the broader mineralization, despite its narrow width.

- Positive factor: Strong gold grade \(8.01 g/t Au\) for orogenic open pit.

- Positive factor: Exceeds project average grade.

- Negative factor: Narrow intercept width \(2.0m\).

- Negative factor: True width not determined.

Evidence · table

> 8.01

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-21)

Pipy South · silver

#### Identity

- Hole ID: PG26-07
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 59.1
- Grade Unit: g/t
- Intercept: 2 m
- From: 32 m
- To: 34 m
- Hole Depth: 167 m
- Intercept Depth: 25 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-07:32-34
- Mining Method: open\_pit

#### Location

- Easting: 577462
- Northing: 6195853
- Elevation: 229 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate silver grade in a narrow sub-intercept, indicating potential byproduct credits.

- Positive factor: Moderate silver grade \(59.1 g/t Ag\).

- Negative factor: Narrow intercept width \(2.0m\).

- Negative factor: True width not determined.

Evidence · table

> 59.1

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-22)

Pipy South · lead

#### Identity

- Hole ID: PG26-07
- Project: Pipy South
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

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

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PG26-07:32-34
- Mining Method: open\_pit

#### Location

- Easting: 577462
- Northing: 6195853
- Elevation: 229 m
- Azimuth: 90 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Moderate lead grade in a narrow sub-intercept, indicating potential byproduct credits and correlation with gold mineralization.

- Positive factor: Moderate lead grade \(2.17% Pb\).

- Negative factor: Narrow intercept width \(2.0m\).

- Negative factor: True width not determined.

Evidence · table

> 2.17

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-23)

while also significantly advancing our understanding of the geology controlling the · gold

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1.17
- Grade Unit: g/t
- Intercept: 12 m
- From: 57 m
- To: 69 m
- Intercept Depth: 57 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:57-69
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 1.17 g/t gold is moderate against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 14.0 g/t·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.17

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-24)

while also significantly advancing our understanding of the geology controlling the · silver

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 27.77
- Grade Unit: g/t
- Intercept: 12 m
- From: 57 m
- To: 69 m
- Intercept Depth: 57 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:57-69
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 27.77 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 333.2 g/t·m is weak \(grade alone is below; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 27.77

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-25)

while also significantly advancing our understanding of the geology controlling the · lead

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1.86
- Grade Unit: %
- Intercept: 12 m
- From: 57 m
- To: 69 m
- Intercept Depth: 57 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:57-69
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 1.86 % lead is weak against the default band \[10, 6, 3, 1\] %. Grade×width 22.3 %·m is weak.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.86

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-26)

while also significantly advancing our understanding of the geology controlling the · gold

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1.05
- Grade Unit: g/t
- Intercept: 28.3 m
- From: 78.8 m
- To: 107 m
- Intercept Depth: 78.8 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:78.8-107
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 1.05 g/t gold is moderate against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 29.7 g/t·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.05

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-27)

while also significantly advancing our understanding of the geology controlling the · silver

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 22.56
- Grade Unit: g/t
- Intercept: 28.3 m
- From: 78.8 m
- To: 107 m
- Intercept Depth: 78.8 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:78.8-107
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 22.56 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 638.4 g/t·m is weak \(grade alone is below; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 22.56

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-28)

while also significantly advancing our understanding of the geology controlling the · lead

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.95
- Grade Unit: %
- Intercept: 28.3 m
- From: 78.8 m
- To: 107 m
- Intercept Depth: 78.8 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:78.8-107
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 0.95 % lead is weak against the default band \[10, 6, 3, 1\] %. Grade×width 26.9 %·m is weak \(grade alone is below; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.95

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-29)

while also significantly advancing our understanding of the geology controlling the · gold

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 8.01
- Grade Unit: g/t
- Intercept: 2 m
- From: 32 m
- To: 34 m
- Intercept Depth: 32 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:32-34
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 8.01 g/t gold is exceptional against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 16.0 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 8.01 g/t gold is exceptional on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 8.01

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-30)

while also significantly advancing our understanding of the geology controlling the · silver

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 59.1
- Grade Unit: g/t
- Intercept: 2 m
- From: 32 m
- To: 34 m
- Intercept Depth: 32 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:32-34
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 59.1 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 118.2 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 59.1

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-staging.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--c3204aa8-c3d0-4650-ad14-3d53b2628b42#fact-drill-facts-31)

while also significantly advancing our understanding of the geology controlling the · lead

#### Identity

- Hole ID: includes
- Project: while also significantly advancing our understanding of the geology controlling the
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 2.17
- Grade Unit: %
- Intercept: 2 m
- From: 32 m
- To: 34 m
- Intercept Depth: 32 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: includes:32-34
- Mining Method: open\_pit

#### QA/QC

- Laboratory: Paragon Geochemical Laboratory and Agat Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: Expanded from assay table. 2.17 % lead is weak against the default band \[10, 6, 3, 1\] %. Grade×width 4.3 %·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.17

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

## 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.