Altair Gold Appoints Feisal Somji as Director
Original announcement by tmx on
- Company
- Altair Gold Inc.
- Ticker
- AVX
- Exchange
- TSX
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- Copper
- Document categories
- Resource update, Other
- Extracted
- 2026-09-19 17:40:12 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Altair Gold Inc. has appointed Feisal Somji to its Board of Directors. The announcement also includes a summary of the Kena Gold Property mineral resource estimate effective February 7, 2013, totaling 114.73 Mt of gold at 0.51 g/t Au (Measured and Indicated + Inferred).
Reasoning: The document announces a new director appointment but primarily serves to restate a mineral resource estimate from a May 2013 technical report. The resource is large but heavily weighted towards the Inferred category.
Positive factors
- Appointment of experienced director
- Significant gold resource scale
Facts used in scoring: 4
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The majority of the resource (90.44 Mt) is in the Inferred category.
Evidence · text
“Inferred | 90,440,000 | 0.48 | 1,399,000”
QP/CP Signedpositive
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: Mr. Warner Gruenwald, P.Geo. is named as the Qualified Person.
Evidence · text
“The Qualified Person for the Kena Gold Property is Mr. Warner Gruenwald, P.Geo.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource is reported at a 0.3 g/t gold cut-off.
Evidence · text
“The mineral resource statement is reported at a cut-off grade of 0.3 gpt gold.”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
measuredKena · goldTonnes: 6690000Grade: 0.77Grade Unit: g/tContained Metal: 165000Contained Unit: ozView all detailsHide details
Identity
- Project
- Kena
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- AVX
Resource scope
- Estimate type
- resource
- Effective date
- 2013-02-07T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Warner Gruenwald
- Resource group id
- resource:774e74cffe00c38cb3ce
- Deposit or zone
- COMBINED KENA AND GOLD MT. (KGM) ZONE
Resource Data
- Category
- measured
- Tonnes
- 6690000
- Grade
- 0.77
- Grade Unit
- g/t
- Contained Metal
- 165000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2013-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2013-07-18T00:00:00.000Z
Reasoning: Measured intercept with 0.77 g/t Au.
Positive factors
- High grade for measured category
Evidence · table
“0.77”
Context: 6,690,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
indicatedKena · goldTonnes: 18600000Grade: 0.54Grade Unit: g/tContained Metal: 325000Contained Unit: ozView all detailsHide details
Identity
- Project
- Kena
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- AVX
Resource scope
- Estimate type
- resource
- Effective date
- 2013-02-07T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Warner Gruenwald
- Resource group id
- resource:8f8efff2875b34fa3214
- Deposit or zone
- COMBINED KENA AND GOLD MT. (KGM) ZONE
Resource Data
- Category
- indicated
- Tonnes
- 18600000
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 325000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2013-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2013-07-18T00:00:00.000Z
Reasoning: Indicated resource component.
Evidence · table
“0.54”
Context: 18,600,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
inferredKena · goldTonnes: 90440000Grade: 0.48Grade Unit: g/tContained Metal: 1399000Contained Unit: ozView all detailsHide details
Identity
- Project
- Kena
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- AVX
Resource scope
- Estimate type
- resource
- Effective date
- 2013-02-07T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Warner Gruenwald
- Resource group id
- resource:05146576737ea2b36912
- Deposit or zone
- COMBINED KENA AND GOLD MT. (KGM) ZONE
Resource Data
- Category
- inferred
- Tonnes
- 90440000
- Grade
- 0.48
- Grade Unit
- g/t
- Contained Metal
- 1399000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2013-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2013-07-18T00:00:00.000Z
Reasoning: Large inferred resource component.
Positive factors
- Large tonnage
Negative factors
- High proportion of inferred material
Evidence · table
“0.48”
Context: 90,440,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
indicatedKena · goldTonnes: 25280000Grade: 0.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Kena
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- AVX
Resource scope
- Estimate type
- resource
- Effective date
- 2013-02-07T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Warner Gruenwald
- Resource group id
- resource:a95e8d78e02797f4692a
- Deposit or zone
- COMBINED KENA AND GOLD MT. (KGM) ZONE
Resource Data
- Category
- indicated
- Tonnes
- 25280000
- Grade
- 0.6
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2013-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2013-07-18T00:00:00.000Z
Reasoning: Indicated resource component. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.60”
Context: 25,280,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.