# XAU Resources Inc. Announces Filing of NI 43-101 Technical Report for the Quartzstone Gold Project, Guyana Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/xau-resources-inc-announces-filing-of-ni-43-101-technical-report-for-the-quartzs--2647a491-08c7-493b-96d7-7591ce71c6d9 Original source: https://money.tmx.com/en/quote/GIG/news/8310953355681097/xau-resources-inc-announces-filing-of-ni-43-101-technical-report-for-the-quartzs Publisher: tmx Original announcement: 2026-07-18T00:38:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: XAU Resources Inc. - Ticker: GIG - Exchange: TSX - Region: Guyana - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Agreement transaction - Extracted: 2026-08-21 14:34:31 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary XAU Resources Inc. has filed a NI 43-101 Technical Report for the Quartzstone Gold Project in Guyana. The report details a significant historical resource and a high-grade exploration potential, while noting that a current Mineral Resource Estimate has not yet been prepared. Reasoning: The filing of a NI 43-101 report is a formal milestone, but the report highlights that the existing resource is historical/unverified and lacks a current MRE. The positive impact of the Fortuna earn-in is balanced by the technical caveats regarding the historical data. - Positive factor: Fortuna earn-in agreement provides third-party validation - Positive factor: High-grade rock sampling results \(up to 183 g/t Au\) - Positive factor: Significant historical exploration database - Negative factor: No current Mineral Resource Estimate provided in the report - Negative factor: Historical estimate is unverified and uses outdated economic assumptions - Negative factor: Limited mineralized drill core available for QP inspection Facts used in scoring: 3 ## Classification and evidence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 report contains a historical resource estimate from 2020 that has not been independently verified. Evidence · text > The Technical Report does not contain a current Mineral Resource estimate for Quartzstone. A historical mineral resource estimate... was prepared... on May 29, 2020 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the historical resource is classified as Inferred. Evidence · text > Inferred mineral resources of 1,911,000 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: Marie-Christine Gosselin, P.Geo., is named as the Qualified Person. Evidence · text > Marie-Christine Gosselin, P.Geo., serving as the Qualified Person \("QP"\) ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/xau-resources-inc-announces-filing-of-ni-43-101-technical-report-for-the-quartzs--2647a491-08c7-493b-96d7-7591ce71c6d9#fact-resource-facts-0) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: GIG #### Resource Data - Category: indicated - Tonnes: 933000 - Grade: 5.44 - Grade Unit: g/t - Contained Metal: 163000 - Contained Unit: ounces #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-05-01T00:00:00.000Z #### Dates - Event date: 2026-07-18T00:00:00.000Z Reasoning: This is a restatement of a 2020 historical estimate that the company explicitly states should not be relied upon as current. - Positive factor: Solid grade for indicated category - Negative factor: Unverified historical data - Negative factor: Outdated gold price assumptions Evidence · text > Indicated mineral resources of 933,000 tonnes at an average grade of 5.44 g/t Au \(approximately 163,000 ounces of contained gold\) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/xau-resources-inc-announces-filing-of-ni-43-101-technical-report-for-the-quartzs--2647a491-08c7-493b-96d7-7591ce71c6d9#fact-resource-facts-1) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: GIG #### Resource Data - Category: inferred - Tonnes: 1911000 - Grade: 4.79 - Grade Unit: g/t - Contained Metal: 295000 - Contained Unit: ounces #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-05-01T00:00:00.000Z #### Dates - Event date: 2026-07-18T00:00:00.000Z Reasoning: Restatement of historical 2020 data; lacks current verification. - Positive factor: Significant tonnage - Negative factor: Unverified historical data - Negative factor: Outdated economic assumptions Evidence · text > Inferred mineral resources of 1,911,000 tonnes at an average grade of 4.79 g/t Au \(approximately 295,000 ounces of contained gold\) ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/xau-resources-inc-announces-filing-of-ni-43-101-technical-report-for-the-quartzs--2647a491-08c7-493b-96d7-7591ce71c6d9#fact-resource-facts-2) gold #### Identity - Commodity: gold - Ticker: GIG #### Resource Data - Grade: 183 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-18T00:00:00.000Z Reasoning: Extremely high grade reported from rock sampling. - Positive factor: Bonanza grade intercept Evidence · text > 37 assays greater than 5 g/t Au up to 183 g/t Au ## 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.