# Upside Gold Extending 2026 Diamond Drilling Program At Kena Gold-Copper Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/upside-gold-extending-2026-diamond-drilling-program-at-kena-gold-copper-project--94c078c5-abaa-4c0f-b41f-eae20c0bc8b3

Original source: https://orestocks.com/company/UG.CN/press-releases/8057696288575223

Publisher: orestocks

Original announcement: 2026-10-01T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-01T14:01:01.821Z

Atlas analysis updated: 2026-10-01T14:01:01.821Z

- Company: Upside Gold Corp.

- Ticker: UG

- Exchange: Unavailable

- Region: British Columbia

- Primary commodity: Gold

- Secondary commodities: Copper

- Document categories: Other, Resource update

- Extracted: 2026-10-01 14:01:02 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Upside Gold is extending its 2026 diamond drilling program at the Kena Gold-Copper Project by approximately 1,000 metres, bringing the total planned drilling to ~6,180 metres. The additional drilling targets the South Zone and Kena Copper-Gold Zone, areas located outside the 2021 historical mineral resource footprint.

Reasoning: The company is expanding its exploration footprint and drilling meterage based on visual logging, which is a positive indicator of geological interest, though actual grade confirmation is pending.

- Positive factor: Expansion of drilling program based on positive geological observations

- Positive factor: Targeting areas outside historical resource footprint

- Positive factor: Permit extension secured to allow completion of work

- Negative factor: No new assay results provided in this release

Facts used in scoring: 2

## Classification and evidence

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The resource figures provided are from a 2021 technical report and are not treated as current by the company.

Evidence · text

> The historical resource estimate is disclosed in the technical report... dated May 3, 2021

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The company is conducting drilling to support an updated NI 43-101 mineral resource estimate targeted for Q1 2027.

Evidence · text

> Results are expected to contribute to the updated NI 43-101 mineral resource estimate targeted for Q1 2027.

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Resource Estimates (2)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/upside-gold-extending-2026-diamond-drilling-program-at-kena-gold-copper-project--94c078c5-abaa-4c0f-b41f-eae20c0bc8b3#fact-resource-facts-0)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: UG

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1bca4542bbe9aa1159f3
- Deposit or zone: Kena
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 32146000
- Grade: 0.544
- Grade Unit: g/t
- Contained Metal: 0.561
- Contained Unit: moz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-05-03T00:00:00.000Z

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Historical resource estimate provided for context; not treated as current by the company.

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

#### 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is &gt;2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/upside-gold-extending-2026-diamond-drilling-program-at-kena-gold-copper-project--94c078c5-abaa-4c0f-b41f-eae20c0bc8b3#fact-resource-facts-1)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: UG

#### Resource scope

- Estimate type: resource
- Resource group id: resource:f5edead5d33de5d71364
- Deposit or zone: Kena
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 177507000
- Grade: 0.486
- Grade Unit: g/t
- Contained Metal: 2.77
- Contained Unit: moz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2021-05-03T00:00:00.000Z

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Historical resource estimate provided for context; not treated as current by the company.

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

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is &gt;2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.4 years before this release

## 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.
