# ONGold Announces Filing of NI 43-101 Technical Report for the Monument Bay Gold Project and Provides Corporate Update Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ongold-announces-filing-of-ni-43-101-technical-report-for-the-monument-bay-gold--33b4ef2f-e78a-496c-bdbd-5b99f5e38bcd Original source: https://money.tmx.com/en/quote/ONAU/news/8391194536049901/ongold-announces-filing-of-ni-43-101-technical-report-for-the-monument-bay-gold- Publisher: tmx Original announcement: 2025-06-13T21:02:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: ONGold Resources Ltd. - Ticker: ONAU - Exchange: TSX - Region: Manitoba - Primary commodity: Gold - Secondary commodities: Tungsten - Document categories: Resource update, Other - Extracted: 2026-08-26 03:10:01 UTC Narrative sentiment: -0.20 · Bearish ## Minestarters Atlas summary ONGold has filed a NI 43-101 technical report for the Monument Bay Gold Project, detailing historical mineral resource estimates of 2.3 Moz gold \(M&I\) and 0.72 Moz gold \(Inferred\). The company emphasizes that these are historical estimates and not current, while outlining a new two-phase exploration program and five priority targets. Additionally, the company announced the resignation of independent director Thomas Gallo. Reasoning: The document primarily reports on a historical NI 43-101 technical report which the company explicitly states should not be relied upon as current, while also noting a director resignation. - Positive factor: Identifies significant historical resource scale - Positive factor: Outlines clear exploration targets and budget - Negative factor: Historical estimate is explicitly not current - Negative factor: Qualified person cannot rely on the data for current reserves - Negative factor: Director resignation Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 2 ## Classification and evidence **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The report describes historical mineral resource estimates that the company explicitly states should not be considered current. Evidence · text > This historical mineral estimate... is historical and should not be considered current. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The report includes a significant portion of the resource in the Inferred category. Evidence · text > 720,000 gold ounces... in the "Inferred" Mineral Resources category ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ongold-announces-filing-of-ni-43-101-technical-report-for-the-monument-bay-gold--33b4ef2f-e78a-496c-bdbd-5b99f5e38bcd#fact-resource-facts-0) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: ONAU #### Resource Data - Category: indicated - Tonnes: 58000000 - Grade: 1.24 - Grade Unit: g/t - Contained Metal: 2300000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-03T00:00:00.000Z #### Dates - Event date: 2025-06-13T00:00:00.000Z Reasoning: Large historical indicated resource, but explicitly flagged as non-current and unreliable for current planning. - Positive factor: Significant historical tonnage and grade - Negative factor: Historical data, not current - Negative factor: Not to be relied upon Evidence · text > approximately 2.3 million gold ounces \(58.0 million tonnes at an average grade of 1.24 g/t\) in the "Measured" and "Indicated" Mineral Resources categories ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ongold-announces-filing-of-ni-43-101-technical-report-for-the-monument-bay-gold--33b4ef2f-e78a-496c-bdbd-5b99f5e38bcd#fact-resource-facts-1) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: ONAU #### Resource Data - Category: inferred - Tonnes: 24400000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 720000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-03T00:00:00.000Z #### Dates - Event date: 2025-06-13T00:00:00.000Z Reasoning: Historical inferred resource provides scale but lacks current geological confidence. - Positive factor: Provides scale to the project footprint - Negative factor: Historical data, not current - Negative factor: Inferred category implies lower confidence Evidence · text > 720,000 gold ounces \(24.4 million tonnes at an average grade of 0.92 g/t\) in the "Inferred" Mineral Resources category ## 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.