Updated Gowganda Tailings Indicated Mineral Resource of 2.81...
Original announcement by prospectors_exchange on
- Company
- Nord Precious Metals Mining Inc.
- Ticker
- NTH
- Exchange
- Unavailable
- Region
- Ontario
- Primary commodity
- Silver
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-16 16:55:33 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Nord Precious Metals has announced an updated Indicated Mineral Resource for the Gowganda Silver Tailings Project in Ontario, totaling 1.845 million tonnes at 47.4 g/t silver. The resource contains approximately 2.81 million ounces of silver and was prepared using updated 3D modeling and historical data. The estimate is intended to support upcoming recovery process selection and permitting applications.
Reasoning: The update establishes a defined Indicated resource for the Gowganda tailings, providing a technical foundation for upcoming permitting and recovery work.
Positive factors
- Indicated resource established
- Significant silver inventory (2.81 Moz)
- QP sign-off provided
- Cut-off grade disclosed
Negative factors
- Relies on historical tailings data
- Metallurgical recovery based on 2007 historical report
Facts used in scoring: 4
Classification and evidence
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The entire resource is classified as Indicated.
Evidence · text
“comprises an Indicated Mineral Resource of 1,845,000 tonnes”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Duncan Studd, M.Sc., P.Geo. of GeoVector is named as the responsible QP.
Evidence · text
“Duncan Studd, M.Sc., P.Geo. of GeoVector is responsible for the Gowganda Tailings Mineral Resource Estimate and is an independent Qualified Person”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The base case cut-off grade of 10 g/t Ag is explicitly stated.
Evidence · text
“at a 10 g/t silver cut-off grade”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The release states the classification follows NI 43-101 guidelines.
Evidence · text
“as adopted by National Instrument 43‑101”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedGowganda Tailings Project · silverTonnes: 1762000Grade: 46.3Grade Unit: g/tContained Metal: 2622000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:a45b816628c34f80b92e
- Deposit or zone
- Main Tailings
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1762000
- Grade
- 46.3
- Grade Unit
- g/t
- Contained Metal
- 2622000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Main tailings domain provides the bulk of the resource.
Positive factors
- Indicated category
Evidence · table
“46.3”
Context: 1,762,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Tailings Project · silverTonnes: 52000Grade: 42.9Grade Unit: g/tContained Metal: 72000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:69c09ffb71b54fa38e52
- Deposit or zone
- South Tailings
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 52000
- Grade
- 42.9
- Grade Unit
- g/t
- Contained Metal
- 72000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Secondary domain within the tailings resource.
Evidence · table
“42.9”
Context: 52,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Tailings Project · silverTonnes: 10000Grade: 96.5Grade Unit: g/tContained Metal: 31000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:1366d7e284fecee4bb0c
- Deposit or zone
- Outflow One
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 10000
- Grade
- 96.5
- Grade Unit
- g/t
- Contained Metal
- 31000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: High grade outflow domain.
Positive factors
- High grade relative to total resource
Evidence · table
“96.5”
Context: 10,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Tailings Project · silverTonnes: 21000Grade: 134Grade Unit: g/tContained Metal: 89000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:28e4976f5f71cafcd507
- Deposit or zone
- Outflow Two
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 21000
- Grade
- 134
- Grade Unit
- g/t
- Contained Metal
- 89000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: High grade outflow domain.
Positive factors
- Highest grade domain
Evidence · table
“134.0”
Context: 21,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.