# /C O R R E C T I O N -- Nican Ltd./ Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25 Original source: https://money.tmx.com/en/quote/NICN/news/6450039975796347/c-o-r-r-e-c-t-i-o-n-nican-ltd Publisher: tmx Original announcement: 2026-01-27T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: NiCAN Limited - Ticker: NICN - Exchange: TSX - Region: Manitoba - Primary commodity: Gold - Secondary commodities: Silver, Lead - Document categories: Drill results - Extracted: 2026-09-14 15:05:30 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary NiCAN has identified a high-priority gold target at the Pipy South Project in Manitoba based on historical 2017 diamond drilling. The historical hole \(17BN01\) returned a high-grade intercept of 15.35 g/t Au over 2.0m and a wider zone averaging 1.20 g/t Au over 47.0m. Reasoning: The release identifies a high-priority gold target based on historical drill intercepts that include a bonanza-grade interval, though the data is from an unpublished 2017 report and the physical core is missing. - Positive factor: High-grade gold intercept \(15.35 g/t Au\) - Positive factor: Significant width \(47m\) for the average zone - Positive factor: Historical QA/QC and lab certification mentioned - Negative factor: Historical data \(2017\) - Negative factor: Core location unknown - Negative factor: True width unknown Facts used in scoring: 14 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 15.35 g/t Au exceeds the exceptional threshold for gold. Evidence · table > 15.35 Context: 2.0 **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 accredited laboratory certification and reliable QAQC data from the 2017 report. Evidence · text > includes assay results with accredited laboratory certification as well as reliable QAQC data **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 orientation and true width of the gold bearing intersection are currently unknown. Evidence · text > The orientation and true width of the gold bearing intersection are currently unknown ## Extracted facts Stored fact records: 14. Some facts used in scoring do not have a stored record. ## Drill Results (14) ### 17BN01 [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-0) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 17BN01 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 47 m - From: 27 m - To: 74 m - Intercept Depth: 27 m #### Classification - Sample Type: drill - Group ID: 17BN01:27-74 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Wide historical intercept providing context for the gold target. - Positive factor: Significant width \(47m\) - Negative factor: Historical data - Negative factor: Core missing Evidence · table > 1.20 Context: 47.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-1) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 17BN01 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 5.9 - Grade Unit: g/t - Intercept: 47 m - From: 27 m - To: 74 m - Intercept Depth: 27 m #### Classification - Sample Type: drill - Group ID: 17BN01:27-74 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Secondary silver grade in historical intercept. Evidence · table > 5.90 Context: 47.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-2) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 17BN01 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.92 - Grade Unit: g/t - Intercept: 11 m - From: 31 m - To: 42 m - Intercept Depth: 31 m #### Classification - Sample Type: drill - Group ID: 17BN01:31-42 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Sub-interval within historical hole. Evidence · table > 0.92 Context: 11.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-3) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 17BN01 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 14.38 - Grade Unit: g/t - Intercept: 11 m - From: 31 m - To: 42 m - Intercept Depth: 31 m #### Classification - Sample Type: drill - Group ID: 17BN01:31-42 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Sub-interval silver grade. Evidence · table > 14.38 Context: 11.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-4) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 17BN01 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 6.63 - Grade Unit: g/t - Intercept: 5.6 m - From: 55.4 m - To: 61 m - Intercept Depth: 55.4 m #### Classification - Sample Type: drill - Group ID: 17BN01:55.4-61 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: High-grade historical sub-interval. - Positive factor: Strong gold grade \(6.63 g/t\) Evidence · table > 6.63 Context: 5.6 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-5) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 17BN01 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 10.13 - Grade Unit: g/t - Intercept: 5.6 m - From: 55.4 m - To: 61 m - Intercept Depth: 55.4 m #### Classification - Sample Type: drill - Group ID: 17BN01:55.4-61 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Sub-interval silver grade. Evidence · table > 10.13 Context: 5.6 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-6) Pipy South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 17BN01 - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 15.35 - Grade Unit: g/t - Intercept: 2 m - From: 57.4 m - To: 59.4 m - Intercept Depth: 57.4 m #### Classification - Sample Type: drill - Group ID: 17BN01:57.4-59.4 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Very high grade historical intercept. - Positive factor: Bonanza grade \(15.35 g/t Au\) Evidence · table > 15.35 Context: 2.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-7) Pipy South · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 17BN01 - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 14.8 - Grade Unit: g/t - Intercept: 2 m - From: 57.4 m - To: 59.4 m - Intercept Depth: 57.4 m #### Classification - Sample Type: drill - Group ID: 17BN01:57.4-59.4 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Sub-interval silver grade. Evidence · table > 14.80 Context: 2.0 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 incl. [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-8) Pipy South · gold #### Identity - Hole ID: 17BN01 incl. - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.92 - Grade Unit: g/t - Intercept: 11 m - From: 31 m - To: 42 m - Intercept Depth: 31 m #### Classification - Sample Type: drill - Group ID: 17BN01 incl.:31-42 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Expanded from assay table. 0.92 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 10.1 g/t·m is weak. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.92 Context: 17BN01 incl. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 incl. [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-9) Pipy South · silver #### Identity - Hole ID: 17BN01 incl. - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 14.38 - Grade Unit: g/t - Intercept: 11 m - From: 31 m - To: 42 m - Intercept Depth: 31 m #### Classification - Sample Type: drill - Group ID: 17BN01 incl.:31-42 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Expanded from assay table. 14.38 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 158.2 g/t·m is below. - Negative factor: 14.38 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 14.38 Context: 17BN01 incl. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 incl. [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-10) Pipy South · gold #### Identity - Hole ID: 17BN01 incl. - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 6.63 - Grade Unit: g/t - Intercept: 5.6 m - From: 55.4 m - To: 61 m - Intercept Depth: 55.4 m #### Classification - Sample Type: drill - Group ID: 17BN01 incl.:55.4-61 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Expanded from assay table. 6.63 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 37.1 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\). - Positive factor: 6.63 g/t gold is exceptional on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 6.63 Context: 17BN01 incl. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 incl. [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-11) Pipy South · silver #### Identity - Hole ID: 17BN01 incl. - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 10.13 - Grade Unit: g/t - Intercept: 5.6 m - From: 55.4 m - To: 61 m - Intercept Depth: 55.4 m #### Classification - Sample Type: drill - Group ID: 17BN01 incl.:55.4-61 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Expanded from assay table. 10.13 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 56.7 g/t·m is below. - Negative factor: 10.13 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 10.13 Context: 17BN01 incl. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 incl. [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-12) Pipy South · gold #### Identity - Hole ID: 17BN01 incl. - Project: Pipy South - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 15.35 - Grade Unit: g/t - Intercept: 2 m - From: 57.4 m - To: 59.4 m - Intercept Depth: 57.4 m #### Classification - Sample Type: drill - Group ID: 17BN01 incl.:57.4-59.4 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Expanded from assay table. 15.35 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 30.7 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\). - Positive factor: 15.35 g/t gold is exceptional on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 15.35 Context: 17BN01 incl. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ### 17BN01 incl. [Link to this fact](https://atlas-extractions.minestarters.com/news/c-o-r-r-e-c-t-i-o-n-nican-ltd--9f44d4a4-ffdd-4668-8d58-a3b8edd64e25#fact-drill-facts-13) Pipy South · silver #### Identity - Hole ID: 17BN01 incl. - Project: Pipy South - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 14.8 - Grade Unit: g/t - Intercept: 2 m - From: 57.4 m - To: 59.4 m - Intercept Depth: 57.4 m #### Classification - Sample Type: drill - Group ID: 17BN01 incl.:57.4-59.4 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-01-27T00:00:00.000Z Reasoning: Expanded from assay table. 14.8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 29.6 g/t·m is below. - Negative factor: 14.8 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 14.80 Context: 17BN01 incl. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Initial exploration activities focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, locate" ## 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.