Nord Reports Updated Gowganda Tailings Indicated Mineral Resource of 2.814 Million Ounces of Silver at 47.4 g/t
Original announcement by tmx on
- Company
- Nord Precious Metals Mining Inc.
- Ticker
- NTH
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Silver
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-16 14:23:41 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Nord Precious Metals has reported an updated Indicated Mineral Resource for the Gowganda Silver Tailings Project in Ontario, totaling 1.845 million tonnes at 47.4 g/t silver. The resource contains approximately 2.814 million ounces of silver and was prepared using a 10 g/t Ag cut-off grade.
Reasoning: The update establishes a defined Indicated resource for the Gowganda tailings, providing a technical foundation for upcoming permitting and recovery work.
Positive factors
- Indicated resource established
- Significant silver inventory (2.814 Moz)
- QP sign-off provided
- Cut-off grade disclosed
Negative factors
- Relies on historical tailings data
- Historical data cannot be fully verified
Facts used in scoring: 4
Classification and evidence
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is explicitly classified as Indicated mineral resource.
Evidence · text
“comprises an Indicated Mineral Resource”
QP/CP Signedpositive
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: Duncan Studd, M.Sc., P.Geo. of GeoVector is named as the responsible Qualified Person.
Evidence · text
“Duncan Studd, M.Sc., P.Geo. of GeoVector is responsible”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource is reported at a base case cut-off grade of 10 g/t Ag.
Evidence · text
“at a 10 g/t silver cut-off grade”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The estimate is prepared in accordance with NI 43-101 standards.
Evidence · text
“as defined by NI 43-101”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedGowganda Silver Tailings Project · silverTonnes: 1762000Grade: 46.3Grade Unit: g/tContained Metal: 2622000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Silver Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:470fab35cf63c5bbf4b7
- Deposit or zone
- Main Tailings
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1762000
- Grade
- 46.3
- Grade Unit
- g/t
- Contained Metal
- 2622000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Main tailings domain represents the bulk of the indicated resource.
Positive factors
- Largest domain in the resource
Evidence · table
“46.3”
Context: 1,762,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Silver Tailings Project · silverTonnes: 52000Grade: 42.9Grade Unit: g/tContained Metal: 72000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Silver Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:e14ecece65589e3e876a
- Deposit or zone
- South Tailings
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 52000
- Grade
- 42.9
- Grade Unit
- g/t
- Contained Metal
- 72000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Secondary domain within the tailings resource.
Evidence · table
“42.9”
Context: 52,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Silver Tailings Project · silverTonnes: 10000Grade: 96.5Grade Unit: g/tContained Metal: 31000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Silver Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:96adceb2ce2257b33b32
- Deposit or zone
- Outflow One
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 10000
- Grade
- 96.5
- Grade Unit
- g/t
- Contained Metal
- 31000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: High grade outflow domain.
Positive factors
- High grade relative to main tailings
Evidence · table
“96.5”
Context: 10,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Silver Tailings Project · silverTonnes: 21000Grade: 134Grade Unit: g/tContained Metal: 89000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Silver Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:5f287afb3bb81599742f
- Deposit or zone
- Outflow Two
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 21000
- Grade
- 134
- Grade Unit
- g/t
- Contained Metal
- 89000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: High grade outflow domain.
Positive factors
- Highest grade domain
Evidence · table
“134.0”
Context: 21,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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.