Upside Gold Engages Moose Mountain Technical Services to Deliver Updated NI 43-101 Resource Estimate for the Kena Gold-Copper Project
Original announcement by orestocks on
- Company
- Upside Gold Corp.
- Ticker
- UG
- Exchange
- Unavailable
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Resource update, Other
- Extracted
- 2026-08-26 15:47:23 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Upside Gold has engaged Moose Mountain Technical Services to prepare an updated NI 43-101 mineral resource estimate and technical report for the Kena Gold-Copper Project in British Columbia. The update, targeted for Q1 2027, will incorporate extensive recent drilling and expand the resource model to include copper and silver alongside gold.
Reasoning: The company is advancing the Kena project by engaging technical services to update a historical resource with significant new drilling and a multi-commodity model.
Positive factors
- Engagement of technical services for resource update
- Incorporation of significant new drilling (4,000m+)
- Expansion of commodity scope to include copper and silver
Negative factors
- Historical resource is not current and requires verification
Facts used in scoring: 2
Classification and evidence
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The resource reported is a 2021 estimate that the company explicitly states is not being treated as current.
Evidence · text
“The historical resource estimate is disclosed in the technical report... dated May 3, 2021”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The announcement focuses on the engagement of technical services to perform a resource update.
Evidence · text
“engaged to prepare an updated mineral resource estimate”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedgoldTonnes: 32146000Grade: 0.544Grade Unit: g/tContained Metal: 0.561Contained Unit: million ouncesHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- UG
Resource Data
- Category
- indicated
- Tonnes
- 32146000
- Grade
- 0.544
- Grade Unit
- g/t
- Contained Metal
- 0.561
- Contained Unit
- million ounces
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-05-03T00:00:00.000Z
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: This is a restatement of a 2021 historical resource and is not treated as current by the company.
Negative factors
- Historical estimate only
Evidence · text
“Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold”
inferredgoldTonnes: 177507000Grade: 0.486Grade Unit: g/tContained Metal: 2.77Contained Unit: million ouncesHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- UG
Resource Data
- Category
- inferred
- Tonnes
- 177507000
- Grade
- 0.486
- Grade Unit
- g/t
- Contained Metal
- 2.77
- Contained Unit
- million ounces
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-05-03T00:00:00.000Z
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: This is a restatement of a 2021 historical resource and is not treated as current by the company.
Negative factors
- Historical estimate only
Evidence · text
“Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77 million ounces of gold”
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.