# Fredonia Mining Inc. Commences 10,000 Metre Drill Program at El Dorado-Monserrat Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6 Original source: https://money.tmx.com/en/quote/FRED/news/8632230350194481/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat- Publisher: tmx Original announcement: 2026-04-16T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Fredonia Mining Inc. - Ticker: FRED - Exchange: TSX - Region: Santa Cruz Province, Argentina - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Drill results - Extracted: 2026-09-17 22:51:52 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Fredonia Mining Inc. has commenced a 10,000-metre diamond drill program at its El Dorado-Monserrat gold-silver project in Argentina. The program aims to expand the existing 2.25 Moz AuEq M&I resource through both step-out and infill drilling. Reasoning: The announcement of a large-scale drill program to expand an existing resource is a positive development for an exploration-stage company. - Positive factor: Commencement of a significant 10,000m drill program - Positive factor: Existing M&I resource of 2.25 Moz AuEq - Positive factor: Targeting expansion and resource upgrading - Positive factor: Proximity to Cerro Vanguardia mine Facts used in scoring: 9 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The program includes targeted infill drilling to increase geological confidence. Evidence · text > increasing geological confidence within selected portions of the current resource through targeted infill drilling **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The program aims to extend known zones of mineralization. Evidence · text > focus on extending known zones of mineralization **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is located close to the Cerro Vanguardia mine. Evidence · text > located close to AngloGold Ashanti’s approximately 200,000 oz./yr Au-Ag Cerro Vanguardia mine **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is based on a NI 43-101 Technical Report. Evidence · text > NI 43-101 Technical Report” dated November 14, 2024 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mario Alfaro, P. Geo., is named as the Qualified Person. Evidence · text > prepared by Mario Alfaro, P. Geo., and Fernando Ganem, P. Geo. ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-drill-facts-0) El Dorado-Monserrat Needs review: drill\_no\_hole\_id #### Identity - Project: El Dorado-Monserrat - Region: argentina - Reported Region: argentina - Ticker: FRED #### Classification - Program: mixed - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: Commencement of a 10,000m program is a significant operational milestone. - Positive factor: Large scale program Evidence · text > commencement of a 10,000-metre diamond drill program #### 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ## Resource Estimates (8) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-resource-facts-1) El Dorado-Monserrat · gold Historical result Needs review: historical\_restatement #### Identity - Project: El Dorado-Monserrat - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2024-11-14T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mario Alfaro, Fernando Ganem - Resource group id: resource:66db70a222f6320bb08a - Deposit or zone: North #### Resource Data - Category: indicated - Tonnes: 36481300 - Grade: 0.56 - Grade Unit: g/t - Contained Metal: 0.66 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-11-14 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-11-14T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: The resource is being restated/referenced from a previous report dated Nov 2024. - Positive factor: Significant contained metal Evidence · table > 0.56 Context: 36,481.3 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-resource-facts-2) El Dorado-Monserrat · silver Historical result Needs review: historical\_restatement #### Identity - Project: El Dorado-Monserrat - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2024-11-14T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mario Alfaro, Fernando Ganem - Resource group id: resource:66db70a222f6320bb08a - Deposit or zone: North #### Resource Data - Category: indicated - Tonnes: 36481300 - Grade: 18.52 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2024-11-14 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-11-14T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: The resource is being restated/referenced from a previous report dated Nov 2024. - Positive factor: Significant contained metal Evidence · table > 18.52 Context: 36,481.3 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-resource-facts-3) El Dorado-Monserrat · gold Historical result Needs review: historical\_restatement #### Identity - Project: El Dorado-Monserrat - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2024-11-14T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mario Alfaro, Fernando Ganem - Resource group id: resource:2942326a35393108340d - Deposit or zone: North #### Resource Data - Category: measured - Tonnes: 35554400 - Grade: 0.66 - Grade Unit: g/t - Contained Metal: 0.756 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-11-14 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-11-14T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: The resource is being restated/referenced from a previous report dated Nov 2024. - Positive factor: Significant contained metal Evidence · table > 0.66 Context: 35,554.4 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-resource-facts-4) El Dorado-Monserrat · silver Historical result Needs review: historical\_restatement #### Identity - Project: El Dorado-Monserrat - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2024-11-14T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mario Alfaro, Fernando Ganem - Resource group id: resource:2942326a35393108340d - Deposit or zone: North #### Resource Data - Category: measured - Tonnes: 35554400 - Grade: 20.26 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2024-11-14 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-11-14T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: The resource is being restated/referenced from a previous report dated Nov 2024. - Positive factor: Significant contained metal Evidence · table > 20.26 Context: 35,554.4 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-resource-facts-5) El Dorado-Monserrat · gold Historical result Needs review: historical\_restatement #### Identity - Project: El Dorado-Monserrat - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2024-11-14T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mario Alfaro, Fernando Ganem - Resource group id: resource:f6fdc82e376ed9256bfa - Deposit or zone: South #### Resource Data - Category: indicated - Tonnes: 7906300 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 0.151 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-11-14 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-11-14T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: The resource is being restated/referenced from a previous report dated Nov 2024. - Positive factor: Significant contained metal Evidence · table > 0.60 Context: 7,906.3 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-resource-facts-6) El Dorado-Monserrat · silver Historical result Needs review: historical\_restatement #### Identity - Project: El Dorado-Monserrat - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2024-11-14T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mario Alfaro, Fernando Ganem - Resource group id: resource:f6fdc82e376ed9256bfa - Deposit or zone: South #### Resource Data - Category: indicated - Tonnes: 7906300 - Grade: 14.22 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2024-11-14 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-11-14T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: The resource is being restated/referenced from a previous report dated Nov 2024. - Positive factor: Significant contained metal Evidence · table > 14.22 Context: 7,906.3 #### 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-resource-facts-7) El Dorado-Monserrat · gold Historical result Needs review: historical\_restatement #### Identity - Project: El Dorado-Monserrat - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2024-11-14T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mario Alfaro, Fernando Ganem - Resource group id: resource:95d8e684ce10c81385bc - Deposit or zone: South #### Resource Data - Category: measured - Tonnes: 1406100 - Grade: 0.58 - Grade Unit: g/t - Contained Metal: 0.026 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-11-14 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-11-14T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: The resource is being restated/referenced from a previous report dated Nov 2024. - Positive factor: Significant contained metal Evidence · table > 0.58 Context: 1,406.1 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-inc-commences-10-000-metre-drill-program-at-el-dorado-monserrat--1fc32bcc-0fe2-4297-a4f6-a1f1eceb14b6#fact-resource-facts-8) El Dorado-Monserrat · silver Historical result Needs review: historical\_restatement #### Identity - Project: El Dorado-Monserrat - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2024-11-14T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mario Alfaro, Fernando Ganem - Resource group id: resource:95d8e684ce10c81385bc - Deposit or zone: South #### Resource Data - Category: measured - Tonnes: 1406100 - Grade: 12.64 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2024-11-14 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-11-14T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: The resource is being restated/referenced from a previous report dated Nov 2024. - Positive factor: Significant contained metal Evidence · table > 12.64 Context: 1,406.1 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## 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.