# Ely Gold Royalties Issues Amended Press Release Regarding the Purchase of Fenelon Royalty Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ely-gold-royalties-issues-amended-press-release-regarding-the-purchase-of-fenelo--3739af0f-df0a-4051-9070-1dfd4488996a Original source: https://money.tmx.com/en/quote/BAR/news/6522075677871496/ely-gold-royalties-issues-amended-press-release-regarding-the-purchase-of-fenelo Publisher: tmx Original announcement: 2018-10-17T14:33:07.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Ely Gold Royalties Inc. - Ticker: ELY - Exchange: TSX - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Agreement transaction, Resource update - Extracted: 2026-09-19 17:27:20 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Ely Gold Royalties Inc. has entered an agreement to acquire a 1% net smelter royalty on the Fenelon Mine Property in Quebec from Balmoral Resources Ltd. The announcement also highlights recent high-grade gold drill results from the Viper Zone and provides details on the 2017 reserve base. Reasoning: The document announces a strategic royalty acquisition and provides supporting technical context including high-grade drill results and historical reserve data. - Positive factor: Acquisition of 100% interest in a 1% NSR royalty - Positive factor: High-grade drill intercepts reported in Viper Zone - Positive factor: Existing reserve base disclosed - Negative factor: Transaction subject to regulatory and exchange approvals Facts used in scoring: 7 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Identification of new zones of mineralization proximal to existing mine workings. Evidence · text > led the identification of new zones of mineralization proximal to the existing mine workings **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Intercept of 311.08 g/t gold significantly exceeds deposit-type norms. Evidence · text > 311.08 g/t of gold over 3.06 metres **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: Qualified Person \(P. Geo\) sign-off included in the release. Evidence · text > Stephen Kenwood, P. Geo, is a director of the Company and a Qualified Person **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 > updated resource estimate ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### FA-17-07 [Link to this fact](https://atlas-extractions.minestarters.com/news/ely-gold-royalties-issues-amended-press-release-regarding-the-purchase-of-fenelo--3739af0f-df0a-4051-9070-1dfd4488996a#fact-drill-facts-1) Fenelon Mine · gold #### Identity - Hole ID: FA-17-07 - Project: Fenelon Mine - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: ELY #### Geometry - Grade: 141.16 - Grade Unit: g/t - Intercept: 7.06 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2018-10-17T00:00:00.000Z Reasoning: Strong gold intercept in the Viper Zone. - Positive factor: High grade intercept Evidence · text > 141.16 g/t of gold over 7.06 metres #### 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 ### FA-17-17 [Link to this fact](https://atlas-extractions.minestarters.com/news/ely-gold-royalties-issues-amended-press-release-regarding-the-purchase-of-fenelo--3739af0f-df0a-4051-9070-1dfd4488996a#fact-drill-facts-2) Fenelon Mine · gold #### Identity - Hole ID: FA-17-17 - Project: Fenelon Mine - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: ELY #### Geometry - Grade: 311.08 - Grade Unit: g/t - Intercept: 3.06 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2018-10-17T00:00:00.000Z Reasoning: Exceptional gold grade. - Positive factor: Bonanza grade Evidence · text > 311.08 g/t of gold over 3.06 metres #### 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 ### FA-17-26 [Link to this fact](https://atlas-extractions.minestarters.com/news/ely-gold-royalties-issues-amended-press-release-regarding-the-purchase-of-fenelo--3739af0f-df0a-4051-9070-1dfd4488996a#fact-drill-facts-3) Fenelon Mine · gold #### Identity - Hole ID: FA-17-26 - Project: Fenelon Mine - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: ELY #### Geometry - Grade: 260.44 - Grade Unit: g/t - Intercept: 7.02 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2018-10-17T00:00:00.000Z Reasoning: Strong gold intercept in the Viper Zone. - Positive factor: High grade intercept Evidence · text > 260.44 g/t of gold over 7.02 metres #### 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 ### FA-17-27 [Link to this fact](https://atlas-extractions.minestarters.com/news/ely-gold-royalties-issues-amended-press-release-regarding-the-purchase-of-fenelo--3739af0f-df0a-4051-9070-1dfd4488996a#fact-drill-facts-4) Fenelon Mine · gold #### Identity - Hole ID: FA-17-27 - Project: Fenelon Mine - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: ELY #### Geometry - Grade: 80.42 - Grade Unit: g/t - Intercept: 4.73 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2018-10-17T00:00:00.000Z Reasoning: Strong gold intercept in the Habanero Zone. - Positive factor: High grade intercept Evidence · text > 80.42 g/t gold over 4.73 metres #### 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 (2) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/ely-gold-royalties-issues-amended-press-release-regarding-the-purchase-of-fenelo--3739af0f-df0a-4051-9070-1dfd4488996a#fact-resource-facts-5) Fenelon Mine Property · gold #### Identity - Project: Fenelon Mine Property - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ELY #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:f196824420037e222bb8 - Mining method: underground #### Resource Data - Category: proven - Tonnes: 6321 - Grade: 10 - Grade Unit: g/t - Contained Metal: 2025 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2018-10-17T00:00:00.000Z Reasoning: Historical reserve data provided for context. Evidence · table > 2,025 Context: 6,321 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/ely-gold-royalties-issues-amended-press-release-regarding-the-purchase-of-fenelo--3739af0f-df0a-4051-9070-1dfd4488996a#fact-resource-facts-6) Fenelon Mine Property · gold #### Identity - Project: Fenelon Mine Property - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ELY #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:5ed0c230dca73bbb153d - Mining method: underground #### Resource Data - Category: probable - Tonnes: 83974 - Grade: 10 - Grade Unit: g/t - Contained Metal: 26897 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2018-10-17T00:00:00.000Z Reasoning: Historical reserve data provided for context. Evidence · table > 26,897 Context: 83,974 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## 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.