# CANEX to Commence District Scale Deep Looking Induced Polarization Survey at the Louise Copper-Gold Porphyry Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2 Original source: https://money.tmx.com/en/quote/GXX/news/6264827346792833/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the Publisher: tmx Original announcement: 2025-05-08T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: CANEX Metals Inc. - Ticker: CANX - Exchange: TSX - Region: British Columbia - Primary commodity: Copper - Secondary commodities: Gold, Molybdenum, Silver - Document categories: Resource update, Other, Drill results - Extracted: 2026-09-18 03:18:43 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary CANEX Metals Inc. is commencing a district-scale, deep-looking induced polarization \(IP\) survey at the Louise Copper-Gold Porphyry Project in British Columbia to identify new targets. The project contains a significant historic resource \(2007\) comprising 125 Mt of inferred and 26 Mt of indicated material. The survey aims to evaluate exploration potential below and lateral to the known mineralized system. Reasoning: The announcement focuses on upcoming geophysical exploration work to expand a known historic resource. While the IP survey is a positive step for discovery potential, the resource figures provided are historical and not current MREs. - Positive factor: Commencement of district-scale IP survey to target deep/lateral mineralization - Positive factor: Presence of a large historic resource base - Positive factor: Strong historical drill intercepts \(LL04-3\) - Negative factor: The primary resource data is historic \(2007\) and unverified by the current company Facts used in scoring: 18 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The company is targeting expansion of the Louise district porphyry system. Evidence · text > evaluating the potential for additional high grade copper-gold porphyry style mineralization in the Louise district **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 2007 estimate and have not been verified by the current company. Evidence · text > This historic resource estimate for the Louise Project is historic in nature, was not issued to CANEX Metals, and has not been verified by the Company or a qualified person for the Company. **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes a sign-off by a Qualified Person \(Dr. Shane Ebert, P.Geo.\). Evidence · text > Dr. Shane Ebert P.Geo., is the Qualified Person for CANEX and has approved the technical disclosure contained in this news release. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > resource was updated ## Extracted facts Stored fact records: 18. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### LL04-3 [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-drill-facts-0) Louise Copper-Gold Porphyry · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: LL04-3 - Project: Louise Copper-Gold Porphyry - Commodity: copper - Region: canada\_bc - Reported Region: canada\_bc - Ticker: CANX #### Geometry - Grade: 0.41 - Grade Unit: % - Intercept: 158 m - From: 53.5 m - To: 211.5 m - Intercept Depth: 53.5 m #### Classification - Sample Type: drill - Group ID: LL04-3:53.5-211.5 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2004-01-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: High-grade historical intercept providing evidence of local mineralization strength. - Positive factor: Strong copper grade over a significant width Evidence · text > 158 metres grading 0.41% copper #### 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 ### LL04-3 [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-drill-facts-1) Louise Copper-Gold Porphyry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LL04-3 - Project: Louise Copper-Gold Porphyry - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: CANX #### Geometry - Grade: 0.4 - Grade Unit: g/t - Intercept: 158 m - From: 53.5 m - To: 211.5 m - Intercept Depth: 53.5 m #### Classification - Sample Type: drill - Group ID: LL04-3:53.5-211.5 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2004-01-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Historical gold grade associated with the copper intercept. - Positive factor: Co-occurrence with strong copper grade Evidence · text > 0.40 g/t gold from 53.5 metres depth #### 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 ## Resource Estimates (16) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-2) Louise Copper-Gold Porphyry · copper Historical result Needs review: historical\_restatement #### Identity - Project: Louise Copper-Gold Porphyry - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:cff81b23f7f2fb9e71d9 #### Resource Data - Category: indicated - Tonnes: 26000000 - Grade: 0.231 - Grade Unit: % - Contained Metal: 132409743 - Contained Unit: lbs #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2007-07-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Indicated portion of the historic resource. - Positive factor: Significant tonnage and contained copper - Negative factor: Unverified historic data Evidence · table > 0.231 Context: 26 #### 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 17.9 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-3) Louise Copper-Gold Porphyry · gold Historical result Needs review: historical\_restatement #### Identity - Project: Louise Copper-Gold Porphyry - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:cff81b23f7f2fb9e71d9 #### Resource Data - Category: indicated - Tonnes: 26000000 - Grade: 0.22 - Grade Unit: g/t - Contained Metal: 183902 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2007-07-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Indicated portion of the historic resource. - Negative factor: Unverified historic data Evidence · table > 0.22 Context: 26 #### 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 17.9 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-4) Louise Copper-Gold Porphyry · molybdenum Historical result Needs review: historical\_restatement #### Identity - Project: Louise Copper-Gold Porphyry - Commodity: molybdenum - Region: canada\_bc - Reported Region: British Columbia - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:cff81b23f7f2fb9e71d9 #### Resource Data - Category: indicated - Tonnes: 26000000 - Grade: 0.008 - Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2007-07-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Trace molybdenum in indicated resource. Evidence · table > 0.008 Context: 26 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 17.9 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-5) Louise Copper-Gold Porphyry · silver Historical result Needs review: historical\_restatement #### Identity - Project: Louise Copper-Gold Porphyry - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:cff81b23f7f2fb9e71d9 #### Resource Data - Category: indicated - Tonnes: 26000000 - Grade: 1.01 - Grade Unit: g/t #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2007-07-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Trace silver in indicated resource. Evidence · table > 1.01 Context: 26 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 17.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-6) Louise Copper-Gold Porphyry · copper Historical result Needs review: historical\_restatement #### Identity - Project: Louise Copper-Gold Porphyry - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:52d6682bae57b0f3985e #### Resource Data - Category: inferred - Tonnes: 125000000 - Grade: 0.239 - Grade Unit: % - Contained Metal: 658631546 - Contained Unit: lbs #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2007-07-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Inferred portion of the historic resource. - Positive factor: Large tonnage and contained copper - Negative factor: Unverified historic data Evidence · table > 0.239 Context: 125 #### 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 17.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-7) Louise Copper-Gold Porphyry · gold Historical result Needs review: historical\_restatement #### Identity - Project: Louise Copper-Gold Porphyry - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:52d6682bae57b0f3985e #### Resource Data - Category: inferred - Tonnes: 125000000 - Grade: 0.23 - Grade Unit: g/t - Contained Metal: 924333 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2007-07-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Inferred portion of the historic resource. - Negative factor: Unverified historic data Evidence · table > 0.23 Context: 125 #### 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 17.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-8) Louise Copper-Gold Porphyry · molybdenum Historical result Needs review: historical\_restatement #### Identity - Project: Louise Copper-Gold Porphyry - Commodity: molybdenum - Region: canada\_bc - Reported Region: British Columbia - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:52d6682bae57b0f3985e #### Resource Data - Category: inferred - Tonnes: 125000000 - Grade: 0.009 - Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2007-07-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Trace molybdenum in inferred resource. Evidence · table > 0.009 Context: 125 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 17.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-9) Louise Copper-Gold Porphyry · silver Historical result Needs review: historical\_restatement #### Identity - Project: Louise Copper-Gold Porphyry - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:52d6682bae57b0f3985e #### Resource Data - Category: inferred - Tonnes: 125000000 - Grade: 0.99 - Grade Unit: g/t #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2007-07-01T00:00:00.000Z #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Trace silver in inferred resource. Evidence · table > 0.99 Context: 125 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 17.9 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-10) Louise · copper #### Identity - Project: Louise - Commodity: copper - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:d755ffececfffa43f3a8 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 26 - Grade: 0.231 - Grade Unit: % #### Metal Equivalent - Metal Eq. Grade: 0.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.231 Context: 26 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-11) Louise · gold #### Identity - Project: Louise - Commodity: gold - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:d755ffececfffa43f3a8 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 26 - Grade: 0.22 - Grade Unit: g/t #### Metal Equivalent - Metal Eq. Grade: 0.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.22 Context: 26 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-12) Louise · molybdenum #### Identity - Project: Louise - Commodity: molybdenum - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:d755ffececfffa43f3a8 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 26 - Grade: 0.008 - Grade Unit: % #### Metal Equivalent - Metal Eq. Grade: 0.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.008 Context: 26 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-13) Louise · silver #### Identity - Project: Louise - Commodity: silver - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:d755ffececfffa43f3a8 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 26 - Grade: 1.01 - Grade Unit: g/t #### Metal Equivalent - Metal Eq. Grade: 0.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.01 Context: 26 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-14) Louise · copper #### Identity - Project: Louise - Commodity: copper - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:31857c4d2b2c0838fad6 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 125 - Grade: 0.239 - Grade Unit: % #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.239 Context: 125 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-15) Louise · gold #### Identity - Project: Louise - Commodity: gold - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:31857c4d2b2c0838fad6 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 125 - Grade: 0.23 - Grade Unit: g/t #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.23 Context: 125 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-16) Louise · molybdenum #### Identity - Project: Louise - Commodity: molybdenum - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:31857c4d2b2c0838fad6 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 125 - Grade: 0.009 - Grade Unit: % #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.009 Context: 125 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/canex-to-commence-district-scale-deep-looking-induced-polarization-survey-at-the--b6952c65-ecc0-45a5-8f07-2a3288c66ca2#fact-resource-facts-17) Louise · silver #### Identity - Project: Louise - Commodity: silver - Ticker: CANX #### Resource scope - Estimate type: resource - Resource group id: resource:31857c4d2b2c0838fad6 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 125 - Grade: 0.99 - Grade Unit: g/t #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-05-08T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.99 Context: 125 #### 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 **No Contained Metal** Polarity: negative Definition: 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.