Emergent Metals Corp. Reports High Grade Gold Intercept at West Santa Fe: 36.6 m Grading 3.11 g/t AuEq Including 10.7 M Grading 5.75 g/t AuEq

Original announcement by tmx on

Company
Emergent Metals Corp.
Ticker
EMR
Exchange
TSX
Region
Nevada
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Drill results
Extracted
2026-09-13 22:49:01 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Emergent Metals Corp. announced high-grade gold equivalent drill results from Lahontan Gold Corp.'s maiden 2025 drilling program at the West Santa Fe Property in Nevada. The program, which is the first modern drilling on the property, returned significant intercepts including 36.6 m grading 3.11 g/t AuEq, with a sub-interval of 10.7 m grading 5.75 g/t AuEq. These results validate historical drilling and suggest the potential for a satellite open-pit, heap-leach operation near Lahontan's Santa Fe Mine Project.

Reasoning: The announcement reports high-grade gold equivalent intercepts from the first modern drilling program at the West Santa Fe Property, validating historical results and indicating potential for a satellite deposit. While true width is estimated as a range, the overall results are very positive, supported by disclosed QA/QC and metal equivalent assumptions.

Positive factors

  • High-grade gold equivalent intercepts, including bonanza grades
  • First modern drilling program validating historical results
  • Potential for a satellite deposit near an existing mine
  • QA/QC procedures and Qualified Person sign-off disclosed
  • Metal equivalent assumptions clearly stated

Negative factors

  • True width is estimated as a range, not precisely stated
  • Historical metallurgical results require verification

Facts used in scoring: 28

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept 10.7 m grading 5.75 g/t AuEq in hole WSF25-04R exceeds the exceptional threshold for gold in an open-pit setting (5 g/t AuEq).

Evidence · table

“5.75”

Context: 10.7

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document states that true thickness of the intercepts is estimated to be a range (e.g., 70-85% of the drilled interval) rather than providing a precise true width.

Evidence · text

“For Hole WSF25-01 and WSF25-03, the true thickness of the intercepts is estimated to be 70-85% of the drilled interval.”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The technical information was reviewed and approved by a Qualified Person, and metal equivalent calculations refer to estimated metallurgical recovery reported by Kappes Cassiday (1982).

Evidence · text

“David Watkinson, P.Eng., a non-independent Qualified Person for Emergent under National Instrument 43-101.”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The West Santa Fe Property is described as a potential satellite deposit to Lahontan’s flagship Santa Fe Mine Project, located about 13 km away.

Evidence · text

“West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Project. It represents a potential satellite deposit to the Santa Fe Mine, subject to exploration success.”

Extracted facts

Stored fact records: 28. Some facts used in scoring do not have a stored record.

Drill Results (28)

WSF25-01RWest Santa Fe · goldGrade: 1.53Grade Unit: g/tIntercept: 6.1 mView all details
Link to this fact

Identity

Hole ID
WSF25-01R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
1.53
Grade Unit
g/t
Intercept
6.1 m
From
38.1 m
To
44.2 m
Hole Depth
91.4 m
Intercept Depth
38.1 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-01R:38.1-44.2
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
0 °
Dip
-90 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.53
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A new intercept from the maiden drilling program, contributing to the overall understanding of the deposit, with disclosed metal equivalent assumptions.

Positive factors

  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“1.53”

Context: 6.1

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-02RWest Santa Fe · goldGrade: 0.83Grade Unit: g/tIntercept: 48.8 mView all details
Link to this fact

Identity

Hole ID
WSF25-02R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
0.83
Grade Unit
g/t
Intercept
48.8 m
From
13.7 m
To
62.5 m
Hole Depth
91.4 m
Intercept Depth
13.7 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-02R:13.7-62.5
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
0 °
Dip
-90 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
0.83
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A long intercept from the maiden drilling program, indicating good continuity, with disclosed metal equivalent assumptions.

Positive factors

  • Significant intercept length
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“0.83”

Context: 48.8

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-02RWest Santa Fe · goldGrade: 1.83Grade Unit: g/tIntercept: 10.7 mView all details
Link to this fact

Identity

Hole ID
WSF25-02R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
1.83
Grade Unit
g/t
Intercept
10.7 m
From
47.2 m
To
57.9 m
Hole Depth
91.4 m
Intercept Depth
13.7 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-02R:47.2-57.9
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
0 °
Dip
-90 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.83
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A good grade sub-interval within a longer intercept, contributing to the overall positive results of the maiden program.

Positive factors

  • Higher-grade sub-interval
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“1.83”

Context: 10.7

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-03RWest Santa Fe · goldGrade: 1.94Grade Unit: g/tIntercept: 41.2 mView all details
Link to this fact

Identity

Hole ID
WSF25-03R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
1.94
Grade Unit
g/t
Intercept
41.2 m
From
15.2 m
To
56.4 m
Hole Depth
91.4 m
Intercept Depth
15.2 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-03R:15.2-56.4
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
0 °
Dip
-90 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.94
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A strong intercept from a newly reported hole in the maiden drilling program, indicating good mineralization.

Positive factors

  • Significant intercept length
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“1.94”

Context: 41.2

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-03RWest Santa Fe · goldGrade: 4.14Grade Unit: g/tIntercept: 9.1 mView all details
Link to this fact

Identity

Hole ID
WSF25-03R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
4.14
Grade Unit
g/t
Intercept
9.1 m
From
47.2 m
To
51.8 m
Hole Depth
91.4 m
Intercept Depth
15.2 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-03R:47.2-51.8
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
0 °
Dip
-90 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
4.14
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A high-grade sub-interval within a significant intercept, further enhancing the positive results from the maiden program.

Positive factors

  • High-grade sub-interval
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“4.14”

Context: 9.1

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-04RWest Santa Fe · goldGrade: 3.11Grade Unit: g/tIntercept: 36.6 mView all details
Link to this fact

Identity

Hole ID
WSF25-04R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
3.11
Grade Unit
g/t
Intercept
36.6 m
From
0 m
To
36.6 m
Hole Depth
91.4 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-04R:0-36.6
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
0 °
Dip
-90 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
3.11
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: The best hole reported, with a high-grade, significant intercept starting from surface, indicating strong mineralization potential.

Positive factors

  • High-grade intercept from surface
  • Significant intercept length
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“3.11”

Context: 36.6

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-04RWest Santa Fe · goldGrade: 5.75Grade Unit: g/tIntercept: 10.7 mView all details
Link to this fact

Identity

Hole ID
WSF25-04R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
5.75
Grade Unit
g/t
Intercept
10.7 m
From
1.5 m
To
12.2 m
Hole Depth
91.4 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-04R:1.5-12.2
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
0 °
Dip
-90 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
5.75
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: An exceptionally high-grade sub-interval within the best hole, representing a bonanza intercept and a very strong result for the project.

Positive factors

  • Bonanza grade sub-interval
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“5.75”

Context: 10.7

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-04RWest Santa Fe · goldGrade: 3.67Grade Unit: g/tIntercept: 12.2 mView all details
Link to this fact

Identity

Hole ID
WSF25-04R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
3.67
Grade Unit
g/t
Intercept
12.2 m
From
22.9 m
To
35.1 m
Hole Depth
91.4 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-04R:22.9-35.1
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
0 °
Dip
-90 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
3.67
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Another strong sub-interval within the best hole, reinforcing the high-grade nature of the mineralization.

Positive factors

  • High-grade sub-interval
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“3.67”

Context: 12.2

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-05RWest Santa Fe · goldGrade: 0.64Grade Unit: g/tIntercept: 45.7 mView all details
Link to this fact

Identity

Hole ID
WSF25-05R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
0.64
Grade Unit
g/t
Intercept
45.7 m
From
0 m
To
45.7 m
Hole Depth
120.4 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-05R:0-45.7
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
180 °
Dip
-60 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
0.64
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A long intercept from the maiden drilling program, though at a lower grade, still contributes to understanding the mineralization footprint.

Positive factors

  • Significant intercept length
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • Lower grade compared to other intercepts
  • True width estimated as a range, not precisely stated

Evidence · table

“0.64”

Context: 45.7

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-05RWest Santa Fe · goldGrade: 1.29Grade Unit: g/tIntercept: 9.2 mView all details
Link to this fact

Identity

Hole ID
WSF25-05R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
1.29
Grade Unit
g/t
Intercept
9.2 m
From
33.5 m
To
42.7 m
Hole Depth
120.4 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-05R:33.5-42.7
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
180 °
Dip
-60 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.29
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A moderate-grade sub-interval from the maiden drilling program, adding to the overall data set.

Positive factors

  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“1.29”

Context: 9.2

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-05RWest Santa Fe · goldGrade: 1.06Grade Unit: g/tIntercept: 7.6 mView all details
Link to this fact

Identity

Hole ID
WSF25-05R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
1.06
Grade Unit
g/t
Intercept
7.6 m
From
68.6 m
To
76.2 m
Hole Depth
120.4 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-05R:68.6-76.2
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
180 °
Dip
-60 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.06
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A lower-grade sub-interval from the maiden drilling program, providing additional data points.

Positive factors

  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • Lower grade compared to other intercepts
  • True width estimated as a range, not precisely stated

Evidence · table

“1.06”

Context: 7.6

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-06RWest Santa Fe · goldGrade: 1Grade Unit: g/tIntercept: 54.9 mView all details
Link to this fact

Identity

Hole ID
WSF25-06R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
1
Grade Unit
g/t
Intercept
54.9 m
From
24.4 m
To
79.3 m
Hole Depth
105.2 m
Intercept Depth
24.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-06R:24.4-79.3
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
155 °
Dip
-50 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A long intercept from the maiden drilling program, indicating good continuity of mineralization.

Positive factors

  • Significant intercept length
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“1.00”

Context: 54.9

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-06RWest Santa Fe · goldGrade: 1.75Grade Unit: g/tIntercept: 16.8 mView all details
Link to this fact

Identity

Hole ID
WSF25-06R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
1.75
Grade Unit
g/t
Intercept
16.8 m
From
27.4 m
To
44.2 m
Hole Depth
105.2 m
Intercept Depth
24.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-06R:27.4-44.2
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
155 °
Dip
-50 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.75
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A good grade sub-interval within a longer intercept, contributing positively to the maiden program results.

Positive factors

  • Higher-grade sub-interval
  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“1.75”

Context: 16.8

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-06RWest Santa Fe · goldGrade: 1.32Grade Unit: g/tIntercept: 13.7 mView all details
Link to this fact

Identity

Hole ID
WSF25-06R
Project
West Santa Fe
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
1.32
Grade Unit
g/t
Intercept
13.7 m
From
64 m
To
77.7 m
Hole Depth
105.2 m
Intercept Depth
24.4 m

Classification

Program
exploration
Sample Type
drill
Group ID
WSF25-06R:64-77.7
Mining Method
open_pit

Location

Location
West Santa Fe
Azimuth
155 °
Dip
-50 °
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.32
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: A moderate-grade sub-interval from the maiden drilling program, adding to the overall data set.

Positive factors

  • New drill result from maiden program
  • Metal equivalent assumptions disclosed

Negative factors

  • True width estimated as a range, not precisely stated

Evidence · table

“1.32”

Context: 13.7

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-01RWest Santa Fe · silverGrade: 40.6Grade Unit: g/tIntercept: 6.1 mView all details
Link to this fact

Identity

Hole ID
WSF25-01R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
40.6
Grade Unit
g/t
Intercept
6.1 m
From
38.1 m
To
44.2 m
Intercept Depth
38.1 m

Classification

Sample Type
drill
Group ID
WSF25-01R:38.1-44.2
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.53
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 40.6 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 247.7 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“40.6”

Context: WSF25-01R

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-02RWest Santa Fe · silverGrade: 38.4Grade Unit: g/tIntercept: 48.8 mView all details
Link to this fact

Identity

Hole ID
WSF25-02R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
38.4
Grade Unit
g/t
Intercept
48.8 m
From
13.7 m
To
62.5 m
Intercept Depth
13.7 m

Classification

Sample Type
drill
Group ID
WSF25-02R:13.7-62.5
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
0.83
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 38.4 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 1873.9 g/t·m is moderate (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“38.4”

Context: WSF25-02R

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-02RWest Santa Fe · silverGrade: 72.5Grade Unit: g/tIntercept: 10.7 mView all details
Link to this fact

Identity

Hole ID
WSF25-02R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
72.5
Grade Unit
g/t
Intercept
10.7 m
From
47.2 m
To
57.9 m
Intercept Depth
47.2 m

Classification

Sample Type
drill
Group ID
WSF25-02R:47.2-57.9
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.83
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 72.5 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 775.8 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“72.5”

Context: Including

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-03RWest Santa Fe · silverGrade: 65Grade Unit: g/tIntercept: 41.2 mView all details
Link to this fact

Identity

Hole ID
WSF25-03R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
65
Grade Unit
g/t
Intercept
41.2 m
From
15.2 m
To
56.4 m
Intercept Depth
15.2 m

Classification

Sample Type
drill
Group ID
WSF25-03R:15.2-56.4
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.94
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 65 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 2678.0 g/t·m is moderate (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“65.0”

Context: WSF25-03R

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-03RWest Santa Fe · silverGrade: 75.6Grade Unit: g/tIntercept: 9.1 mView all details
Link to this fact

Identity

Hole ID
WSF25-03R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
75.6
Grade Unit
g/t
Intercept
9.1 m
From
47.2 m
To
51.8 m
Intercept Depth
47.2 m

Classification

Sample Type
drill
Group ID
WSF25-03R:47.2-51.8
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
4.14
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 75.6 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 688.0 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“75.6”

Context: Including

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-04RWest Santa Fe · silverGrade: 140.1Grade Unit: g/tIntercept: 36.6 mView all details
Link to this fact

Identity

Hole ID
WSF25-04R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
140.1
Grade Unit
g/t
Intercept
36.6 m
From
0 m
To
36.6 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
WSF25-04R:0-36.6
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
3.11
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 140.1 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 5127.7 g/t·m is strong (grade alone is moderate; the better of the two is used).

Positive factors

  • 140.1 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“140.1”

Context: WSF25-04R

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-04RWest Santa Fe · silverGrade: 224.4Grade Unit: g/tIntercept: 10.7 mView all details
Link to this fact

Identity

Hole ID
WSF25-04R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
224.4
Grade Unit
g/t
Intercept
10.7 m
From
1.5 m
To
12.2 m
Intercept Depth
1.5 m

Classification

Sample Type
drill
Group ID
WSF25-04R:1.5-12.2
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
5.75
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 224.4 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 2401.1 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 224.4 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“224.4”

Context: Including

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-04RWest Santa Fe · silverGrade: 197.2Grade Unit: g/tIntercept: 12.2 mView all details
Link to this fact

Identity

Hole ID
WSF25-04R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
197.2
Grade Unit
g/t
Intercept
12.2 m
From
22.9 m
To
35.1 m
Intercept Depth
22.9 m

Classification

Sample Type
drill
Group ID
WSF25-04R:22.9-35.1
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
3.67
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 197.2 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 2405.8 g/t·m is moderate.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“197.2”

Context: Including

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-05RWest Santa Fe · silverGrade: 24.7Grade Unit: g/tIntercept: 45.7 mView all details
Link to this fact

Identity

Hole ID
WSF25-05R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
24.7
Grade Unit
g/t
Intercept
45.7 m
From
0 m
To
45.7 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
WSF25-05R:0-45.7
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
0.64
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 24.7 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 1128.8 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“24.7”

Context: WSF25-05R

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-05RWest Santa Fe · silverGrade: 63.9Grade Unit: g/tIntercept: 9.2 mView all details
Link to this fact

Identity

Hole ID
WSF25-05R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
63.9
Grade Unit
g/t
Intercept
9.2 m
From
33.5 m
To
42.7 m
Intercept Depth
33.5 m

Classification

Sample Type
drill
Group ID
WSF25-05R:33.5-42.7
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.29
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 63.9 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 587.9 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“63.9”

Context: Including

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-05RWest Santa Fe · silverGrade: 23.3Grade Unit: g/tIntercept: 7.6 mView all details
Link to this fact

Identity

Hole ID
WSF25-05R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
23.3
Grade Unit
g/t
Intercept
7.6 m
From
68.6 m
To
76.2 m
Intercept Depth
68.6 m

Classification

Sample Type
drill
Group ID
WSF25-05R:68.6-76.2
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.06
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 23.3 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 177.1 g/t·m is below.

Negative factors

  • 23.3 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“23.3”

Context: Including

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-06RWest Santa Fe · silverGrade: 40.5Grade Unit: g/tIntercept: 54.9 mView all details
Link to this fact

Identity

Hole ID
WSF25-06R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
40.5
Grade Unit
g/t
Intercept
54.9 m
From
24.4 m
To
79.3 m
Intercept Depth
24.4 m

Classification

Sample Type
drill
Group ID
WSF25-06R:24.4-79.3
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 40.5 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 2223.4 g/t·m is moderate (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“40.5”

Context: WSF25-06R

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-06RWest Santa Fe · silverGrade: 76.4Grade Unit: g/tIntercept: 16.8 mView all details
Link to this fact

Identity

Hole ID
WSF25-06R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
76.4
Grade Unit
g/t
Intercept
16.8 m
From
27.4 m
To
44.2 m
Intercept Depth
27.4 m

Classification

Sample Type
drill
Group ID
WSF25-06R:27.4-44.2
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.75
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 76.4 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 1283.5 g/t·m is moderate (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“76.4”

Context: Including

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

WSF25-06RWest Santa Fe · silverGrade: 52.2Grade Unit: g/tIntercept: 13.7 mView all details
Link to this fact

Identity

Hole ID
WSF25-06R
Project
West Santa Fe
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
EMR

Geometry

Grade
52.2
Grade Unit
g/t
Intercept
13.7 m
From
64 m
To
77.7 m
Intercept Depth
64 m

Classification

Sample Type
drill
Group ID
WSF25-06R:64-77.7
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Metal Equivalent

Metal Eq. Grade
1.32
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-25T00:00:00.000Z

Reasoning: Expanded from assay table. 52.2 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 715.1 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“52.2”

Context: Including

Tags used in scoring

No QA/QC Disclosurenegative

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "West Santa Fe hosts a gold and silver exploration target located about 13 km from Lahontan’s flagship Santa Fe Mine Proj"

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.