Patagonia Gold Announces Positive Preliminary Economic Assessment for the Calcatreu Gold-Silver Project
Original announcement by orestocks on
- Company
- Patagonia Gold Corp.
- Ticker
- PGDC.V
- Exchange
- Unavailable
- Region
- Río Negro Province, Argentina
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Other
- Extracted
- 2026-09-29 17:36:59 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Patagonia Gold announced positive results from an updated Preliminary Economic Assessment (PEA) for its Calcatreu Gold-Silver Project in Argentina, outlining a 16-year mine life with an after-tax NPV (10%) of US$334 million and an IRR of 282%. The PEA is supported by an updated Mineral Resource Estimate (MRE) comprising 1.50 Mt Measured at 3.03 g/t Au and 23.1 g/t Ag, 5.28 Mt Indicated at 2.39 g/t Au and 23.1 g/t Ag, and 6.44 Mt Inferred at 1.54 g/t Au and 15.5 g/t Ag. Notably, 84% of the initial plant feed is sourced from Measured and Indicated resources, indicating a de-risked project with further exploration potential.
Reasoning: The updated PEA outlines robust economics for the Calcatreu Gold-Silver Project, supported by a substantial MRE with a high percentage of Measured and Indicated resources feeding the initial mine plan, indicating a de-risked project with further exploration upside.
Positive factors
- Strong PEA economics (NPV, IRR, payback)
- High percentage of Measured and Indicated resources for initial mine life
- NI 43-101 compliant and QP signed
- Significant exploration potential identified
Negative factors
- Significant portion of total resource is Inferred
- PEA is preliminary in nature
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 54
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces the results of an 'updated independent Preliminary Economic Assessment (“PEA”) for its flagship Calcatreu Gold-Silver Project' which incorporates an 'updated Mineral Resource Estimate (“MRE”)'.
Evidence · text
“Patagonia Gold Announces Positive Preliminary Economic Assessment for the Calcatreu Gold-Silver Project *2026-09-28T07:00:00-04:00* Patagonia Gold Announces Positive Preliminary Economic Assessment for the Calcatreu Gold-Silver Project ## PEA outlines US$334 million after-tax NPV (10%), 282% IRR and a 16-year mine life, with additional exploration potential across the broader Calcatreu District VANCOUVER, British Columbia, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the results of an updated independent Preliminary Economic Assessment (“PEA”) for its flagship Calcatreu Gold-Silver Project (“Calcatreu” or the “Project”), located in Río Negro Province, Argentina. Prepared in accordance with National Instrument 43-101 (“NI 43-101”) by NCL Ingeniería y Construcción SpA (“NCL”), the PEA incorporates an updated Mineral Resource Estimate (“MRE”) and provides an independent assessment of Calcatreu’s long-term technical and economic potential.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PEA and MRE were 'Prepared in accordance with National Instrument 43-101 (“NI 43-101”)'.
Evidence · text
“Prepared in accordance with National Instrument 43-101 (“NI 43-101”) by NCL Ingeniería y Construcción SpA (“NCL”), the PEA incorporates an updated Mineral Resource Estimate (“MRE”) and provides an independent assessment of Calcatreu’s long-term technical and economic potential.”
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: The news release explicitly names 'Donald J. Birak, an independent consulting geologist, Registered Member of SME and Fellow of AusIMM; Carlos Guzmán, Registered Member of the Chilean Mining Commission and Fellow of AusIMM; Luis Oviedo, Registered Member of the Chilean Mining Commission' as Qualified Persons who have reviewed and approved the technical information.
Evidence · text
“Donald J. Birak, an independent consulting geologist, Registered Member of SME and Fellow of AusIMM; Carlos Guzmán, Registered Member of the Chilean Mining Commission and Fellow of AusIMM; Luis Oviedo, Registered Member of the Chilean Mining Commission; and the other applicable Qualified Person(s) identified in the final Technical Report, each a Qualified Person as defined by NI 43-101, have reviewed and approved the scientific and technical information in this news release for which they are responsible.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for the mineral resource estimation is explicitly stated as '0.5 g/t gold equivalent (“AuEq”)'.
Evidence · text
“The cutoff grade, in g/t, for the mineral resource estimation was 0.5 g/t gold equivalent (“AuEq”)”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The MRE includes a significant portion of Indicated mineral resources, totaling 5.28 million tonnes.
Evidence · text
“5.28 million tonnes of indicated mineral resources grading 2.39 g/t of gold and 23.1 g/t of silver”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The MRE includes a Measured mineral resource of 1.50 million tonnes.
Evidence · text
“1.50 million tonnes of measured mineral resources grading 3.03 g/t of gold and 23/1 g/t of silver”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Approximately 84% of the plant feed during the first five years is sourced from Measured and Indicated mineral resources, indicating a high confidence level for initial production.
Evidence · text
“Approximately 84% of plant feed during the first five years is sourced from Measured and Indicated mineral resources.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The MRE includes a substantial Inferred mineral resource of 6.44 million tonnes, which is considered speculative.
Evidence · text
“6.44 million tonnes of inferred mineral resources grading 1.54 g/t Au and 15.5 g/t Ag”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The resource estimate is explicitly stated to be supporting a Preliminary Economic Assessment (PEA).
Evidence · text
“The PEA incorporates an updated Mineral Resource Estimate (“MRE”) and provides an independent assessment of Calcatreu’s long-term technical and economic potential.”
Extracted facts
Stored fact records: 54. Some facts used in scoring do not have a stored record.
Resource Estimates (54)
measuredCalcatreu Gold-Silver Project · goldTonnes: 1087000Grade: 3.6Grade Unit: g/tContained Metal: 126Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:6495dd8fb12feb6470fa
- Deposit or zone
- Veta 49
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 1087000
- Grade
- 3.6
- Grade Unit
- g/t
- Contained Metal
- 126
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured resource for Veta 49 shows a strong gold grade and contributes significantly to the high-confidence portion of the project's initial mine plan.
Positive factors
- High confidence Measured category
- Strong gold grade for open pit
- Contributes to initial mine plan
Evidence · table
“3.60”
Context: 1,087
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · silverTonnes: 1087000Grade: 25.3Grade Unit: g/tContained Metal: 883Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:6495dd8fb12feb6470fa
- Deposit or zone
- Veta 49
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 1087000
- Grade
- 25.3
- Grade Unit
- g/t
- Contained Metal
- 883
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured silver resource for Veta 49 provides a substantial byproduct credit, enhancing the overall project economics.
Positive factors
- High confidence Measured category
- Significant silver contribution as a byproduct
Evidence · table
“25.3”
Context: 1,087
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · goldTonnes: 247000Grade: 1.4Grade Unit: g/tContained Metal: 11Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:e4d1338d6cd8ee0b2b09
- Deposit or zone
- Nelson Sur
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 247000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 11
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured gold resource for Nelson Sur adds to the high-confidence portion of the project's initial mine plan, albeit at a lower grade than Veta 49.
Positive factors
- High confidence Measured category
- Contributes to initial mine plan
Evidence · table
“1.40”
Context: 247
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · silverTonnes: 247000Grade: 18Grade Unit: g/tContained Metal: 143Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:e4d1338d6cd8ee0b2b09
- Deposit or zone
- Nelson Sur
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 247000
- Grade
- 18
- Grade Unit
- g/t
- Contained Metal
- 143
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured silver resource for Nelson Sur provides additional byproduct credits, supporting the project's overall economics.
Positive factors
- High confidence Measured category
- Adds to byproduct silver production
Evidence · table
“18.0”
Context: 247
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · goldTonnes: 107000Grade: 1.69Grade Unit: g/tContained Metal: 6Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:16ceb2331c310debabee
- Deposit or zone
- Nelson West
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 107000
- Grade
- 1.69
- Grade Unit
- g/t
- Contained Metal
- 6
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured gold resource for Nelson West adds to the high-confidence portion of the project's initial mine plan.
Positive factors
- High confidence Measured category
- Contributes to initial mine plan
Evidence · table
“1.69”
Context: 107
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · silverTonnes: 107000Grade: 15.1Grade Unit: g/tContained Metal: 52Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:16ceb2331c310debabee
- Deposit or zone
- Nelson West
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 107000
- Grade
- 15.1
- Grade Unit
- g/t
- Contained Metal
- 52
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured silver resource for Nelson West provides additional byproduct credits.
Positive factors
- High confidence Measured category
- Adds to byproduct silver production
Evidence · table
“15.1”
Context: 107
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · goldTonnes: 29000Grade: 1.65Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:d2354b9230c3d61ad8b7
- Deposit or zone
- Nelson Norte
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 29000
- Grade
- 1.65
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured gold resource for Nelson Norte is a small but high-confidence component of the overall resource.
Positive factors
- High confidence Measured category
Evidence · table
“1.65”
Context: 29
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · silverTonnes: 29000Grade: 11Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:d2354b9230c3d61ad8b7
- Deposit or zone
- Nelson Norte
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 29000
- Grade
- 11
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured silver resource for Nelson Norte is a small but high-confidence component of the overall resource.
Positive factors
- High confidence Measured category
Evidence · table
“11.0”
Context: 29
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · goldTonnes: 29000Grade: 1.8Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:fbbda09553041e99df80
- Deposit or zone
- Piche Sur
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 29000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured gold resource for Piche Sur is a small but high-confidence component of the overall resource.
Positive factors
- High confidence Measured category
Evidence · table
“1.80”
Context: 29
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · silverTonnes: 29000Grade: 24.8Grade Unit: g/tContained Metal: 23Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:fbbda09553041e99df80
- Deposit or zone
- Piche Sur
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 29000
- Grade
- 24.8
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured silver resource for Piche Sur is a small but high-confidence component of the overall resource.
Positive factors
- High confidence Measured category
Evidence · table
“24.8”
Context: 29
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · goldTonnes: 1499000Grade: 3.03Grade Unit: g/tContained Metal: 146Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:eb61a17cc787d979ab7b
- Deposit or zone
- Total Measured
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 1499000
- Grade
- 3.03
- Grade Unit
- g/t
- Contained Metal
- 146
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The total Measured gold resource represents a high-confidence, significant portion of the project's initial mine plan, with a strong average grade.
Positive factors
- Significant Measured resource tonnage and grade
- High confidence category
- Contributes to initial mine plan
Evidence · table
“3.03”
Context: 1,499
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu Gold-Silver Project · silverTonnes: 1499000Grade: 23.1Grade Unit: g/tContained Metal: 1111Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:eb61a17cc787d979ab7b
- Deposit or zone
- Total Measured
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 1499000
- Grade
- 23.1
- Grade Unit
- g/t
- Contained Metal
- 1111
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The total Measured silver resource provides a substantial, high-confidence byproduct credit, enhancing the project's overall economics.
Positive factors
- Significant Measured resource contained silver
- High confidence category
- Provides substantial byproduct credit
Evidence · table
“23.1”
Context: 1,499
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · goldTonnes: 4129000Grade: 2.61Grade Unit: g/tContained Metal: 346Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:50e40f2d71fc6aca5d93
- Deposit or zone
- Veta 49
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 4129000
- Grade
- 2.61
- Grade Unit
- g/t
- Contained Metal
- 346
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Veta 49 represents a large, high-confidence component of the project's initial mine plan, with a good average grade.
Positive factors
- Large Indicated resource tonnage
- Good gold grade for open pit
- Contributes significantly to initial mine plan
Evidence · table
“2.61”
Context: 4,129
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · silverTonnes: 4129000Grade: 25.2Grade Unit: g/tContained Metal: 3344Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:50e40f2d71fc6aca5d93
- Deposit or zone
- Veta 49
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 4129000
- Grade
- 25.2
- Grade Unit
- g/t
- Contained Metal
- 3344
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated silver resource for Veta 49 provides a very substantial byproduct credit, significantly enhancing the project's overall economics.
Positive factors
- Large Indicated resource contained silver
- Provides substantial byproduct credit
Evidence · table
“25.2”
Context: 4,129
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · goldTonnes: 464000Grade: 1.44Grade Unit: g/tContained Metal: 21Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:537e493dfddf6b060038
- Deposit or zone
- Nelson Sur
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 464000
- Grade
- 1.44
- Grade Unit
- g/t
- Contained Metal
- 21
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Nelson Sur adds to the high-confidence portion of the project's initial mine plan, at a moderate grade.
Positive factors
- Indicated resource category
- Contributes to initial mine plan
Evidence · table
“1.44”
Context: 464
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · silverTonnes: 464000Grade: 16.2Grade Unit: g/tContained Metal: 241Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:537e493dfddf6b060038
- Deposit or zone
- Nelson Sur
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 464000
- Grade
- 16.2
- Grade Unit
- g/t
- Contained Metal
- 241
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated silver resource for Nelson Sur provides additional byproduct credits, supporting the project's overall economics.
Positive factors
- Indicated resource category
- Adds to byproduct silver production
Evidence · table
“16.2”
Context: 464
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · goldTonnes: 397000Grade: 1.57Grade Unit: g/tContained Metal: 20Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:845dab6a0be2aaab7212
- Deposit or zone
- Nelson West
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 397000
- Grade
- 1.57
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Nelson West adds to the high-confidence portion of the project's initial mine plan.
Positive factors
- Indicated resource category
- Contributes to initial mine plan
Evidence · table
“1.57”
Context: 397
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · silverTonnes: 397000Grade: 13.9Grade Unit: g/tContained Metal: 177Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:845dab6a0be2aaab7212
- Deposit or zone
- Nelson West
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 397000
- Grade
- 13.9
- Grade Unit
- g/t
- Contained Metal
- 177
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated silver resource for Nelson West provides additional byproduct credits.
Positive factors
- Indicated resource category
- Adds to byproduct silver production
Evidence · table
“13.9”
Context: 397
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · goldTonnes: 186000Grade: 1.75Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:3f8beac140271b466c1a
- Deposit or zone
- Nelson Norte
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 186000
- Grade
- 1.75
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Nelson Norte is a small but high-confidence component of the overall resource.
Positive factors
- Indicated resource category
Evidence · table
“1.75”
Context: 186
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · silverTonnes: 186000Grade: 10.8Grade Unit: g/tContained Metal: 64Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:3f8beac140271b466c1a
- Deposit or zone
- Nelson Norte
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 186000
- Grade
- 10.8
- Grade Unit
- g/t
- Contained Metal
- 64
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated silver resource for Nelson Norte is a small but high-confidence component of the overall resource.
Positive factors
- Indicated resource category
Evidence · table
“10.8”
Context: 186
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · goldTonnes: 91000Grade: 2.24Grade Unit: g/tContained Metal: 7Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:6021f1d1612d1a5e66e8
- Deposit or zone
- Piche Sur
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 91000
- Grade
- 2.24
- Grade Unit
- g/t
- Contained Metal
- 7
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Piche Sur is a small but high-confidence component of the overall resource, with a good grade.
Positive factors
- Indicated resource category
Evidence · table
“2.24”
Context: 91
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · silverTonnes: 91000Grade: 29.1Grade Unit: g/tContained Metal: 85Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:6021f1d1612d1a5e66e8
- Deposit or zone
- Piche Sur
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 91000
- Grade
- 29.1
- Grade Unit
- g/t
- Contained Metal
- 85
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated silver resource for Piche Sur provides additional byproduct credits at a good grade.
Positive factors
- Indicated resource category
- Good silver grade
Evidence · table
“29.1”
Context: 91
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · goldTonnes: 9000Grade: 2.08Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:8608e24fd5945dfc7d6d
- Deposit or zone
- Nelson Central
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 9000
- Grade
- 2.08
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Nelson Central is a very small but high-confidence component of the overall resource.
Positive factors
- Indicated resource category
Evidence · table
“2.08”
Context: 9
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · silverTonnes: 9000Grade: 18.6Grade Unit: g/tContained Metal: 5Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:8608e24fd5945dfc7d6d
- Deposit or zone
- Nelson Central
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 9000
- Grade
- 18.6
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated silver resource for Nelson Central is a very small but high-confidence component of the overall resource.
Positive factors
- Indicated resource category
Evidence · table
“18.6”
Context: 9
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · goldTonnes: 5276000Grade: 2.39Grade Unit: g/tContained Metal: 406Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:e6047957b7de4b272907
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 5276000
- Grade
- 2.39
- Grade Unit
- g/t
- Contained Metal
- 406
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The total Indicated gold resource represents a large, high-confidence portion of the project's initial mine plan, with a good average grade.
Positive factors
- Significant Indicated resource tonnage and grade
- High confidence category
- Contributes significantly to initial mine plan
Evidence · table
“2.39”
Context: 5,276
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · silverTonnes: 5276000Grade: 23.1Grade Unit: g/tContained Metal: 3917Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:e6047957b7de4b272907
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 5276000
- Grade
- 23.1
- Grade Unit
- g/t
- Contained Metal
- 3917
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The total Indicated silver resource provides a very substantial, high-confidence byproduct credit, significantly enhancing the project's overall economics.
Positive factors
- Significant Indicated resource contained silver
- High confidence category
- Provides substantial byproduct credit
Evidence · table
“23.1”
Context: 5,276
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · goldTonnes: 6774000Grade: 2.53Grade Unit: g/tContained Metal: 552Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:6e5474b9e2a0d79a606c
- Deposit or zone
- Total Measured + Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 6774000
- Grade
- 2.53
- Grade Unit
- g/t
- Contained Metal
- 552
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The combined Measured and Indicated gold resource represents a very substantial and high-confidence base for the project's initial mine plan, with a strong average grade.
Positive factors
- Very significant Measured and Indicated resource tonnage and grade
- High confidence category
- Forms the basis for the initial mine plan
Evidence · table
“2.53”
Context: 6,774
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu Gold-Silver Project · silverTonnes: 6774000Grade: 23.1Grade Unit: g/tContained Metal: 5028Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:6e5474b9e2a0d79a606c
- Deposit or zone
- Total Measured + Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 6774000
- Grade
- 23.1
- Grade Unit
- g/t
- Contained Metal
- 5028
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The combined Measured and Indicated silver resource provides a very substantial, high-confidence byproduct credit, significantly enhancing the project's overall economics and initial mine plan.
Positive factors
- Very significant Measured and Indicated contained silver
- High confidence category
- Provides substantial byproduct credit for the initial mine plan
Evidence · table
“23.1”
Context: 6,774
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 1966000Grade: 1.74Grade Unit: g/tContained Metal: 110Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:37539c432be7dc26a2ea
- Deposit or zone
- Veta 49
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 1966000
- Grade
- 1.74
- Grade Unit
- g/t
- Contained Metal
- 110
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Inferred gold resource for Veta 49 adds significant tonnage and contained metal, representing good exploration potential, though at a lower confidence level.
Positive factors
- Significant Inferred resource tonnage
- Good exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“1.74”
Context: 1,966
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 1966000Grade: 15.4Grade Unit: g/tContained Metal: 975Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:37539c432be7dc26a2ea
- Deposit or zone
- Veta 49
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 1966000
- Grade
- 15.4
- Grade Unit
- g/t
- Contained Metal
- 975
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Inferred silver resource for Veta 49 adds significant contained metal, representing good exploration potential, though at a lower confidence level.
Positive factors
- Significant Inferred contained silver
- Good exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“15.4”
Context: 1,966
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 27000Grade: 1.16Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:3d88adfb8cb0d01e0464
- Deposit or zone
- Nelson Sur
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 27000
- Grade
- 1.16
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This small Inferred gold resource for Nelson Sur adds minor tonnage at a lower confidence level.
Negative factors
- Lower confidence Inferred category
- Small tonnage
Evidence · table
“1.16”
Context: 27
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 27000Grade: 15.4Grade Unit: g/tContained Metal: 13Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:3d88adfb8cb0d01e0464
- Deposit or zone
- Nelson Sur
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 27000
- Grade
- 15.4
- Grade Unit
- g/t
- Contained Metal
- 13
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This small Inferred silver resource for Nelson Sur adds minor contained metal at a lower confidence level.
Negative factors
- Lower confidence Inferred category
- Small tonnage
Evidence · table
“15.4”
Context: 27
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 188000Grade: 1.48Grade Unit: g/tContained Metal: 9Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:e24aeac9bf4be01cd718
- Deposit or zone
- Nelson West
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 188000
- Grade
- 1.48
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Inferred gold resource for Nelson West adds moderate tonnage at a lower confidence level.
Negative factors
- Lower confidence Inferred category
Evidence · table
“1.48”
Context: 188
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 188000Grade: 11.9Grade Unit: g/tContained Metal: 72Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:e24aeac9bf4be01cd718
- Deposit or zone
- Nelson West
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 188000
- Grade
- 11.9
- Grade Unit
- g/t
- Contained Metal
- 72
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Inferred silver resource for Nelson West adds moderate contained metal at a lower confidence level.
Negative factors
- Lower confidence Inferred category
Evidence · table
“11.9”
Context: 188
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 60000Grade: 1.71Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:b0b80428f9f0b39aaca7
- Deposit or zone
- Nelson Norte
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 60000
- Grade
- 1.71
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This small Inferred gold resource for Nelson Norte adds minor tonnage at a lower confidence level.
Negative factors
- Lower confidence Inferred category
- Small tonnage
Evidence · table
“1.71”
Context: 60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 60000Grade: 11.6Grade Unit: g/tContained Metal: 22Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:b0b80428f9f0b39aaca7
- Deposit or zone
- Nelson Norte
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 60000
- Grade
- 11.6
- Grade Unit
- g/t
- Contained Metal
- 22
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This small Inferred silver resource for Nelson Norte adds minor contained metal at a lower confidence level.
Negative factors
- Lower confidence Inferred category
- Small tonnage
Evidence · table
“11.6”
Context: 60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 20000Grade: 2.37Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:67ab7070b1b27d96a8c1
- Deposit or zone
- Piche Sur
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 20000
- Grade
- 2.37
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This small Inferred gold resource for Piche Sur adds minor tonnage at a good grade, but at a lower confidence level.
Positive factors
- Good gold grade
Negative factors
- Lower confidence Inferred category
- Small tonnage
Evidence · table
“2.37”
Context: 20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 20000Grade: 31Grade Unit: g/tContained Metal: 20Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:67ab7070b1b27d96a8c1
- Deposit or zone
- Piche Sur
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 20000
- Grade
- 31
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This small Inferred silver resource for Piche Sur adds minor contained metal at a good grade, but at a lower confidence level.
Positive factors
- Good silver grade
Negative factors
- Lower confidence Inferred category
- Small tonnage
Evidence · table
“31.0”
Context: 20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 11000Grade: 1.26Grade Unit: g/tContained Metal: 0Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:90e0fe9f048631045d2b
- Deposit or zone
- Nelson Central
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 11000
- Grade
- 1.26
- Grade Unit
- g/t
- Contained Metal
- 0
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This very small Inferred gold resource for Nelson Central adds negligible tonnage at a lower confidence level.
Negative factors
- Lower confidence Inferred category
- Very small tonnage
Evidence · table
“1.26”
Context: 11
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 11000Grade: 9Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:90e0fe9f048631045d2b
- Deposit or zone
- Nelson Central
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 11000
- Grade
- 9
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This very small Inferred silver resource for Nelson Central adds negligible contained metal at a lower confidence level.
Negative factors
- Lower confidence Inferred category
- Very small tonnage
Evidence · table
“9.0”
Context: 11
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 479000Grade: 1.73Grade Unit: g/tContained Metal: 27Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:16c1f80fdd557bbdfc53
- Deposit or zone
- Belén
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 479000
- Grade
- 1.73
- Grade Unit
- g/t
- Contained Metal
- 27
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Inferred gold resource for Belén adds significant tonnage and contained metal, representing good exploration potential, though at a lower confidence level.
Positive factors
- Significant Inferred resource tonnage
- Good exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“1.73”
Context: 479
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 479000Grade: 26Grade Unit: g/tContained Metal: 401Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:16c1f80fdd557bbdfc53
- Deposit or zone
- Belén
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 479000
- Grade
- 26
- Grade Unit
- g/t
- Contained Metal
- 401
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Inferred silver resource for Belén adds significant contained metal, representing good exploration potential, though at a lower confidence level.
Positive factors
- Significant Inferred contained silver
- Good exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“26.0”
Context: 479
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 3691000Grade: 1.41Grade Unit: g/tContained Metal: 167Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:15a76fb18848853a8115
- Deposit or zone
- Castro Sur
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 3691000
- Grade
- 1.41
- Grade Unit
- g/t
- Contained Metal
- 167
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This large Inferred gold resource for Castro Sur adds substantial tonnage and contained metal, representing good exploration potential, though at a lower confidence level.
Positive factors
- Large Inferred resource tonnage
- Good exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“1.41”
Context: 3,691
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 3691000Grade: 14.3Grade Unit: g/tContained Metal: 1702Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:15a76fb18848853a8115
- Deposit or zone
- Castro Sur
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 3691000
- Grade
- 14.3
- Grade Unit
- g/t
- Contained Metal
- 1702
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This large Inferred silver resource for Castro Sur adds substantial contained metal, representing good exploration potential, though at a lower confidence level.
Positive factors
- Large Inferred contained silver
- Good exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“14.3”
Context: 3,691
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · goldTonnes: 6441000Grade: 1.54Grade Unit: g/tContained Metal: 319Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:0c93069de91fc3f4a08c
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 6441000
- Grade
- 1.54
- Grade Unit
- g/t
- Contained Metal
- 319
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The total Inferred gold resource represents a very large component of the project's overall potential, offering significant exploration upside, but at a lower confidence level.
Positive factors
- Very large Inferred resource tonnage and contained metal
- Significant exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“1.54”
Context: 6,441
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu Gold-Silver Project · silverTonnes: 6441000Grade: 15.5Grade Unit: g/tContained Metal: 3208Contained Unit: kozView all detailsHide details
Identity
- Project
- Calcatreu Gold-Silver Project
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:0c93069de91fc3f4a08c
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 6441000
- Grade
- 15.5
- Grade Unit
- g/t
- Contained Metal
- 3208
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The total Inferred silver resource represents a very large component of the project's overall potential, offering significant exploration upside, but at a lower confidence level.
Positive factors
- Very large Inferred contained silver
- Significant exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“15.5”
Context: 6,441
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu · goldTonnes: 1499Grade: 146Grade Unit: g/tView all detailsHide details
Identity
- Project
- Calcatreu
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:ae4a662f26f9a70d84ff
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 1499
- Grade
- 146
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured resource for Veta 49 shows a strong gold grade and contributes significantly to the high-confidence portion of the project's initial mine plan. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High confidence Measured category
- Strong gold grade for open pit
- Contributes to initial mine plan
Evidence · table
“146”
Context: 1,499
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredCalcatreu · silverTonnes: 1499Grade: 1111Grade Unit: g/tView all detailsHide details
Identity
- Project
- Calcatreu
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:ae4a662f26f9a70d84ff
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 1499
- Grade
- 1111
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Measured resource for Veta 49 shows a strong gold grade and contributes significantly to the high-confidence portion of the project's initial mine plan. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High confidence Measured category
- Strong gold grade for open pit
- Contributes to initial mine plan
Evidence · table
“1,111”
Context: 1,499
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu · goldTonnes: 5276Grade: 406Grade Unit: g/tView all detailsHide details
Identity
- Project
- Calcatreu
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:1d2aa38bc5266ed9f5d6
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 5276
- Grade
- 406
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Veta 49 represents a large, high-confidence component of the project's initial mine plan, with a good average grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large Indicated resource tonnage
- Good gold grade for open pit
- Contributes significantly to initial mine plan
Evidence · table
“406”
Context: 5,276
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu · silverTonnes: 5276Grade: 3917Grade Unit: g/tView all detailsHide details
Identity
- Project
- Calcatreu
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:1d2aa38bc5266ed9f5d6
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 5276
- Grade
- 3917
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Veta 49 represents a large, high-confidence component of the project's initial mine plan, with a good average grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large Indicated resource tonnage
- Good gold grade for open pit
- Contributes significantly to initial mine plan
Evidence · table
“3,917”
Context: 5,276
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu · goldTonnes: 6774Grade: 552Grade Unit: g/tView all detailsHide details
Identity
- Project
- Calcatreu
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:cfbcfcae67a98bc85438
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 6774
- Grade
- 552
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Veta 49 represents a large, high-confidence component of the project's initial mine plan, with a good average grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large Indicated resource tonnage
- Good gold grade for open pit
- Contributes significantly to initial mine plan
Evidence · table
“552”
Context: 6,774
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedCalcatreu · silverTonnes: 6774Grade: 5028Grade Unit: g/tView all detailsHide details
Identity
- Project
- Calcatreu
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:cfbcfcae67a98bc85438
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 6774
- Grade
- 5028
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Indicated gold resource for Veta 49 represents a large, high-confidence component of the project's initial mine plan, with a good average grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large Indicated resource tonnage
- Good gold grade for open pit
- Contributes significantly to initial mine plan
Evidence · table
“5,028”
Context: 6,774
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu · goldTonnes: 6441Grade: 319Grade Unit: g/tView all detailsHide details
Identity
- Project
- Calcatreu
- Commodity
- gold
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:e529b64609f9cfe422af
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 6441
- Grade
- 319
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Inferred gold resource for Veta 49 adds significant tonnage and contained metal, representing good exploration potential, though at a lower confidence level. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant Inferred resource tonnage
- Good exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“319”
Context: 6,441
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredCalcatreu · silverTonnes: 6441Grade: 3208Grade Unit: g/tView all detailsHide details
Identity
- Project
- Calcatreu
- Commodity
- silver
- Region
- argentina
- Reported Region
- Río Negro Province, Argentina
- Ticker
- PGDC.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-14T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Donald J. Birak, Carlos Guzmán, Luis Oviedo
- Resource group id
- resource:e529b64609f9cfe422af
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 6441
- Grade
- 3208
- Grade Unit
- g/t
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-01-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This Inferred gold resource for Veta 49 adds significant tonnage and contained metal, representing good exploration potential, though at a lower confidence level. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant Inferred resource tonnage
- Good exploration potential
Negative factors
- Lower confidence Inferred category
Evidence · table
“3,208”
Context: 6,441
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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.