# Updated Gowganda Tailings Indicated Mineral Resource of 2.81... Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/updated-gowganda-tailings-indicated-mineral-resource-of-2-81--c2120da5-91ac-43a9-b0e8-46912d35d504 Original source: https://nordpreciousmetals.com/news/2026/updated-gowganda-tailings-indicated-mineral-resource-of-2-814-million-ounces-of-silver-at-47-4-g-t/ Publisher: prospectors\_exchange Original announcement: 2026-09-15T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-16T16:55:32.434Z Atlas analysis updated: 2026-09-16T16:55:32.434Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Indicated resource established - Positive factor: Significant silver inventory \(2.81 Moz\) - Positive factor: QP sign-off provided - Positive factor: Cut-off grade disclosed - Negative factor: Relies on historical tailings data - Negative factor: Metallurgical recovery based on 2007 historical report Facts used in scoring: 4 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Disclosed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/updated-gowganda-tailings-indicated-mineral-resource-of-2-81--c2120da5-91ac-43a9-b0e8-46912d35d504#fact-resource-facts-0) Gowganda Tailings Project · silver #### 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 factor: Indicated category Evidence · table > 46.3 Context: 1,762,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/updated-gowganda-tailings-indicated-mineral-resource-of-2-81--c2120da5-91ac-43a9-b0e8-46912d35d504#fact-resource-facts-1) Gowganda Tailings Project · silver #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/updated-gowganda-tailings-indicated-mineral-resource-of-2-81--c2120da5-91ac-43a9-b0e8-46912d35d504#fact-resource-facts-2) Gowganda Tailings Project · silver #### 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 factor: High grade relative to total resource Evidence · table > 96.5 Context: 10,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/updated-gowganda-tailings-indicated-mineral-resource-of-2-81--c2120da5-91ac-43a9-b0e8-46912d35d504#fact-resource-facts-3) Gowganda Tailings Project · silver #### 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 factor: Highest grade domain Evidence · table > 134.0 Context: 21,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: 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.