# Galore Resources Updates Dos Santos Core Program, Bonus Payment, Private Placement and Grant of Options

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--1b20626d-d2ef-4741-a744-73ec6ea9073d

Original source: https://money.tmx.com/en/quote/GRI/news/8204333823514307/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement

Publisher: tmx

Original announcement: 2019-08-13T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Galore Resources Inc.

- Ticker: GRI

- Exchange: TSX

- Region: Zacatecas, Mexico

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Drill results, Capital raise, Other

- Extracted: 2026-09-16 03:30:52 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Galore Resources has completed 1,324 meters of diamond drilling at the El Alamo target within the Dos Santos project in Mexico. While geological observations of pyrite and breccia zones are reported, assay results for the first two holes are pending. The company is also continuing a non-brokered private placement to raise up to USD $1.5 million.

Reasoning: The release provides a progress update on a drilling program. While it describes geological observations and targets, it lacks new assay results for the current holes, though it confirms the program is active and targeting anomalous zones.

- Positive factor: drilling targeting strongly anomalous gold values

- Positive factor: intersection of multiple breccia zones with oxidation at depth

- Positive factor: presence of pyrite and iron oxide alteration associated with gold

- Negative factor: assay results for the first two holes are still pending

- Negative factor: one hole \(EA-003\) was terminated early due to mechanical issues

Facts used in scoring: 4

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: Release mentions samples were submitted to ALS for analysis and identifies a Qualified Person.

Evidence · text

> submitted to ALS for analysis

**Nearology Play**

Polarity: neutral

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

Why it applies: The project is positioned within the Concepcion del Oro Mining District.

Evidence · text

> situated about 16 km south of Concepcion del Oro, Zacatecas, Mexico

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Drill Results (4)

### EA-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--1b20626d-d2ef-4741-a744-73ec6ea9073d#fact-drill-facts-0)

Dos Santos

#### Identity

- Hole ID: EA-001
- Project: Dos Santos
- Region: mexico
- Reported Region: mexico
- Ticker: GRI

#### Geometry

- Hole Depth: 252 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Easting: 255811
- Northing: 2707929
- Azimuth: 325 °
- Dip: -50 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2019-08-13T00:00:00.000Z

Reasoning: Hole completed but assays are pending.

#### 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

### EA-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--1b20626d-d2ef-4741-a744-73ec6ea9073d#fact-drill-facts-1)

Dos Santos

#### Identity

- Hole ID: EA-002
- Project: Dos Santos
- Region: mexico
- Reported Region: mexico
- Ticker: GRI

#### Geometry

- Hole Depth: 358.7 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Easting: 255811
- Northing: 2707929
- Azimuth: 360 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2019-08-13T00:00:00.000Z

Reasoning: Hole completed but assays are pending.

#### 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

### EA-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--1b20626d-d2ef-4741-a744-73ec6ea9073d#fact-drill-facts-2)

Dos Santos · gold

#### Identity

- Hole ID: EA-003
- Project: Dos Santos
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: GRI

#### Geometry

- Intercept: 263 m
- Hole Depth: 263 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Easting: 255974
- Northing: 2707893
- Azimuth: 325 °
- Dip: -60 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2019-08-13T00:00:00.000Z

Reasoning: Hole was terminated early due to mechanical issues.

#### 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

### EA-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/galore-resources-updates-dos-santos-core-program-bonus-payment-private-placement--1b20626d-d2ef-4741-a744-73ec6ea9073d#fact-drill-facts-3)

Dos Santos · gold

#### Identity

- Hole ID: EA-004
- Project: Dos Santos
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: GRI

#### Geometry

- Intercept: 450 m
- Hole Depth: 450 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Easting: 255911
- Northing: 2707929
- Azimuth: 25 °
- Dip: -25 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2019-08-13T00:00:00.000Z

Reasoning: Hole completed but assays are pending.

#### 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

## 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.