# Volcanic Gold provides further update on drilling at Motagua Norte property, Guatemala Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/volcanic-gold-provides-further-update-on-drilling-at-motagua-norte-property-guat--74272065-84e0-43eb-bf99-706ffdb1a3ad Original source: https://money.tmx.com/en/quote/VG/news/8267455619321431/volcanic-gold-provides-further-update-on-drilling-at-motagua-norte-property-guat Publisher: tmx Original announcement: 2024-04-03T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Volcanic Gold Mines Inc. - Ticker: VG - Exchange: TSX - Region: Guatemala - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results - Extracted: 2026-08-21 10:53:05 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Volcanic Gold has intersected wide zones of quartz veining and stockwork at the Veta Madre Fault Zone in two new drill holes, MIDD-24-004 and MIDD-24-005. While the structural target is confirmed, assay results are not yet available and are expected in early May. Technical difficulties with colluvium led to the loss of two previous holes. Reasoning: The company has intersected significant structural veining in two new holes, confirming the target, but actual grades are pending assay results. - Positive factor: Intersection of wide quartz veining and stockwork zones - Positive factor: Confirmation of structural target \(Veta Madre Fault Zone\) - Positive factor: Presence of bonanza grade gold in colluvium - Negative factor: Assays not yet released \(expected May\) - Negative factor: True width unknown due to unknown fault dip - Negative factor: Technical drilling challenges \(lost holes MIDD-006 and 007\) Facts used in scoring: 2 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release mentions samples sent to ALS Laboratory and a Qualified Person \(Luc English\) has reviewed the technical information. Evidence · text > Half-core samples from both drill holes have been sent for analysis at ALS Laboratory, Vancouver **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The true width of the mineralized zones in both MIDD-24-004 and MIDD-24-005 is stated as unknown due to the unknown dip of the fault. Evidence · text > true width of the mineralized zone is yet to be confirmed as the dip of the fault, while thought to be steep, is as yet unknown. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### MIDD-24-004 [Link to this fact](https://atlas-staging.minestarters.com/news/volcanic-gold-provides-further-update-on-drilling-at-motagua-norte-property-guat--74272065-84e0-43eb-bf99-706ffdb1a3ad#fact-drill-facts-0) Motagua Norte · gold #### Identity - Hole ID: MIDD-24-004 - Project: Motagua Norte - Commodity: gold - Region: guatemala - Reported Region: Guatemala - Ticker: VG #### Geometry - Intercept: 63 m - From: 120 m - To: 183 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: underground #### QA/QC - Laboratory: ALS Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-03T00:00:00.000Z Reasoning: Intersection of 63m of mineralized structure, but grade is not yet reported. - Positive factor: Wide zone of veining and stockwork - Negative factor: Grades pending assay - Negative factor: True width unknown Evidence · text > The hole remained in veining and stockwork schists for 63 m before entering unaltered schistose rocks at 161 m. ### MIDD-24-005 [Link to this fact](https://atlas-staging.minestarters.com/news/volcanic-gold-provides-further-update-on-drilling-at-motagua-norte-property-guat--74272065-84e0-43eb-bf99-706ffdb1a3ad#fact-drill-facts-1) Motagua Norte · gold #### Identity - Hole ID: MIDD-24-005 - Project: Motagua Norte - Commodity: gold - Region: guatemala - Reported Region: Guatemala - Ticker: VG #### Geometry - Intercept: 39 m - From: 80 m - To: 119 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: underground #### QA/QC - Laboratory: ALS Laboratory - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-03T00:00:00.000Z Reasoning: Intersection of 39m of mineralized structure, but grade is not yet reported. - Positive factor: Wide zone of altered rock with strong stockwork - Negative factor: Grades pending assay - Negative factor: True width unknown Evidence · text > A wide zone, some 39 m of altered rock with strong stockwork quartz veining, was intersected ## 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.