Liberty Gold Announces Black Pine Feasibility Study with US$2.4 Billion NPV(5%) and 60% IRR at $3,250/oz Au (after-tax)
Original announcement by globenewswire on
- Company
- Liberty Gold Corp.
- Ticker
- LGD
- Exchange
- Unavailable
- Region
- southern Idaho, USA
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-12 00:52:20 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Liberty Gold announced a Feasibility Study for its Black Pine Oxide Gold Project in Idaho, USA, outlining robust economics with an after-tax NPV(5%) of US$2.4 billion and an IRR of 60.5% at a base case gold price of US$3,250/oz. The study projects a 16-year mine life, supported by a 4.04 million ounce Probable Gold Reserve, and estimates average annual payable gold production of 176,700 ounces at an AISC of US$1,566/oz. The project, a large-scale, open-pit, run-of-mine heap leach operation, requires an initial capital of US$411.4 million and is advancing through permitting towards a potential construction decision.
Reasoning: The Feasibility Study confirms the Black Pine project as a large-scale, long-life oxide gold operation with strong economic returns, a substantial Probable Mineral Reserve, and a clear, technically straightforward development path, significantly de-risking the project towards a construction decision.
Positive factors
- Robust economics with high NPV and IRR at base case gold price
- Large Probable Mineral Reserve supporting a long mine life
- Competitive operating costs and manageable initial capital
- Technically straightforward open-pit, ROM heap leach operation
- High gold recovery for the processing route
- NI 43-101 compliant study with multiple Qualified Persons
Negative factors
- Silver not included in mineral reserves or production profile
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 32
Classification and evidence
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: The document is a Feasibility Study, which is the highest level of study to support a development decision.
Evidence · text
“Liberty Gold Announces Black Pine Feasibility Study”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Feasibility Study and associated estimates were prepared in accordance with National Instrument 43-101.
Evidence · text
“prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”)”
QP/CP Signedpositive
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: Multiple Qualified Persons are named and responsible for different sections of the Feasibility Study and estimates.
Evidence · text
“Todd Carstensen RM-SME, Principal Mining Engineer at AGP Mining Consultants Inc., Barrie ON, Canada (AGP) and has an effective date of August 1, 2026. Mr. Carstensen is the Qualified Person responsible as defined under NI 43-101 for the Mineral Reserve estimate”
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The study establishes a 4.04 million oz Au Probable Mineral Reserve.
Evidence · text
“4.04 million oz Au Probable Mineral Reserve”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Mineral Resource estimate includes 521.7 million tonnes of Indicated Mineral Resources.
Evidence · text
“Indicated Mineral Resources total 521.7 million tonnes”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The Feasibility Study includes updated Mineral Resource and Mineral Reserve estimates.
Evidence · text
“incorporates updated Mineral Resource and Mineral Reserve estimates”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The project is designed as a run-of-mine heap leach operation.
Evidence · text
“open-pit, run-of-mine (“ROM”) heap-leach operation”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The average gold recovery of 70.2% is strong for a heap leach operation, falling between the strong and exceptional bands for this processing route.
Evidence · table
“70.2%”
Context: Average Gold Recovery
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: Extensive metallurgical testwork has been completed since 2019 using bulk samples and large-diameter PQ core, indicative of pilot-scale or advanced testwork.
Evidence · text
“extensive metallurgical testwork, including eight metallurgical programs completed since 2019 using bulk samples and large-diameter PQ core”
Free Millingpositive
Simple, clean ore amenable to standard processing without oxidation.
Why it applies: The operation requires no ore crushing, screening or agglomeration, indicating free-milling characteristics.
Evidence · text
“requiring no ore crushing, screening or agglomeration”
Extracted facts
Stored fact records: 32. Some facts used in scoring do not have a stored record.
Resource Estimates (31)
probableBlack Pine Oxide Gold Project · goldTonnes: 433300000Grade: 0.29Grade Unit: g/tContained Metal: 4.04Contained Unit: mozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd Carstensen, RM-SME
- Resource group id
- resource:e523ab30de3e0d1a65f1
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 433300000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 4.04
- Contained Unit
- moz
- Cutoff Grade
- 0.05
- Cutoff Unit
- g/t Au recoverable gold
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Probable Mineral Reserve of 4.04 million ounces of gold at 0.29 g/t Au provides a strong foundation for the project's 16-year mine life, demonstrating significant scale and economic viability.
Positive factors
- Large Probable Reserve supports long mine life
- NI 43-101 compliant with QP sign-off
- Low cut-off grade indicates bulk tonnage potential
Evidence · table
“433.3”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 37614000Grade: 0.28Grade Unit: g/tContained Metal: 336Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:dcde0be21906612898b8
- Deposit or zone
- CD
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 37614000
- Grade
- 0.28
- Grade Unit
- g/t
- Contained Metal
- 336
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This Indicated resource for the CD zone contributes to the overall project confidence and scale, supporting the Feasibility Study.
Positive factors
- Indicated category provides good confidence
- NI 43-101 compliant with QP sign-off
Evidence · table
“37,614”
Context: CD
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 12223000Grade: 0.2Grade Unit: g/tContained Metal: 80Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:f4c18c79242795f507d2
- Deposit or zone
- CD
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 12223000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 80
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred resource for the CD zone provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“12,223”
Context: CD
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 188399000Grade: 0.35Grade Unit: g/tContained Metal: 2097Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:b7624085ae74f7cef3a2
- Deposit or zone
- Discovery
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 188399000
- Grade
- 0.35
- Grade Unit
- g/t
- Contained Metal
- 2097
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Discovery zone represents a major component of the Indicated resource, contributing substantially to the project's overall scale and economic potential with a higher average grade.
Positive factors
- Significant Indicated resource tonnage and contained gold
- Higher grade than overall LOM average
- NI 43-101 compliant with QP sign-off
Evidence · table
“188,399”
Context: Discovery
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · silverTonnes: 188399000Grade: 1.4Grade Unit: g/tContained Metal: 8147Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:b7624085ae74f7cef3a2
- Deposit or zone
- Discovery
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 188399000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 8147
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Discovery zone contains a substantial Indicated silver resource, adding byproduct potential to the gold project, although silver is not included in the current reserve.
Positive factors
- Significant contained silver as a byproduct
- Indicated category provides good confidence
Evidence · table
“1.4”
Context: Discovery
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 27503000Grade: 0.19Grade Unit: g/tContained Metal: 169Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:2c82edd7a693d52b6445
- Deposit or zone
- Discovery
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 27503000
- Grade
- 0.19
- Grade Unit
- g/t
- Contained Metal
- 169
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred resource for the Discovery zone provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“27,503”
Context: Discovery
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · silverTonnes: 27503000Grade: 1Grade Unit: g/tContained Metal: 912Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:2c82edd7a693d52b6445
- Deposit or zone
- Discovery
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 27503000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 912
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred silver resource for the Discovery zone adds to the overall byproduct potential but requires further work to increase confidence.
Positive factors
- Adds to overall contained silver
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1.0”
Context: Discovery
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 9657000Grade: 0.26Grade Unit: g/tContained Metal: 82Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:a81c353fa29e63870b62
- Deposit or zone
- E Pit
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9657000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 82
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This Indicated resource for the E Pit zone contributes to the overall project confidence and scale, supporting the Feasibility Study.
Positive factors
- Indicated category provides good confidence
- NI 43-101 compliant with QP sign-off
Evidence · table
“9,657”
Context: E Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 11825000Grade: 0.22Grade Unit: g/tContained Metal: 82Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:ed04f66b90080c0c3538
- Deposit or zone
- E Pit
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 11825000
- Grade
- 0.22
- Grade Unit
- g/t
- Contained Metal
- 82
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred resource for the E Pit zone provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“11,825”
Context: E Pit
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 6543000Grade: 0.32Grade Unit: g/tContained Metal: 66Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:931e377be0b8d45c72ad
- Deposit or zone
- F
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6543000
- Grade
- 0.32
- Grade Unit
- g/t
- Contained Metal
- 66
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This Indicated resource for the F zone contributes to the overall project confidence and scale, supporting the Feasibility Study.
Positive factors
- Indicated category provides good confidence
- NI 43-101 compliant with QP sign-off
Evidence · table
“6,543”
Context: F
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 1217000Grade: 0.24Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:5cef833b79af4e65319f
- Deposit or zone
- F
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1217000
- Grade
- 0.24
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred resource for the F zone provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1,217”
Context: F
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 3601000Grade: 0.33Grade Unit: g/tContained Metal: 38Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:514f8f06e7154943b91f
- Deposit or zone
- J Zone
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3601000
- Grade
- 0.33
- Grade Unit
- g/t
- Contained Metal
- 38
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This Indicated resource for the J Zone contributes to the overall project confidence and scale, supporting the Feasibility Study.
Positive factors
- Indicated category provides good confidence
- NI 43-101 compliant with QP sign-off
Evidence · table
“3,601”
Context: J Zone
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 12731000Grade: 0.25Grade Unit: g/tContained Metal: 104Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:8c3de46a6d69cd724aab
- Deposit or zone
- J Zone
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 12731000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 104
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred resource for the J Zone provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“12,731”
Context: J Zone
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 7324000Grade: 0.51Grade Unit: g/tContained Metal: 120Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:193f627492c3c6f7e680
- Deposit or zone
- M Zone
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 7324000
- Grade
- 0.51
- Grade Unit
- g/t
- Contained Metal
- 120
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The M Zone Indicated resource shows a higher gold grade, contributing valuable ounces to the project with good confidence.
Positive factors
- Higher grade than overall average
- Indicated category provides good confidence
- NI 43-101 compliant with QP sign-off
Evidence · table
“7,324”
Context: M Zone
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · silverTonnes: 7324000Grade: 2.6Grade Unit: g/tContained Metal: 606Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:193f627492c3c6f7e680
- Deposit or zone
- M Zone
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 7324000
- Grade
- 2.6
- Grade Unit
- g/t
- Contained Metal
- 606
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The M Zone contains a substantial Indicated silver resource, adding byproduct potential to the gold project, although silver is not included in the current reserve.
Positive factors
- Significant contained silver as a byproduct
- Indicated category provides good confidence
Evidence · table
“2.6”
Context: M Zone
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 5406000Grade: 0.21Grade Unit: g/tContained Metal: 36Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:e11b1f82a6fbf4854cf2
- Deposit or zone
- M Zone
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5406000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 36
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred resource for the M Zone provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“5,406”
Context: M Zone
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · silverTonnes: 5406000Grade: 1.3Grade Unit: g/tContained Metal: 217Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:e11b1f82a6fbf4854cf2
- Deposit or zone
- M Zone
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5406000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 217
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred silver resource for the M Zone adds to the overall byproduct potential but requires further work to increase confidence.
Positive factors
- Adds to overall contained silver
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1.3”
Context: M Zone
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 237679000Grade: 0.26Grade Unit: g/tContained Metal: 1998Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:f2d30fa07cdd11d5cfe0
- Deposit or zone
- Rangefront
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 237679000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 1998
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Rangefront zone represents the largest component of the Indicated resource, significantly contributing to the project's overall scale and economic potential.
Positive factors
- Largest Indicated resource tonnage and contained gold
- NI 43-101 compliant with QP sign-off
Evidence · table
“237,679”
Context: Rangefront
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 59787000Grade: 0.19Grade Unit: g/tContained Metal: 371Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:e6919f15d2031135ba82
- Deposit or zone
- Rangefront
- Mining method
- open_pit
- Material type
- In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 59787000
- Grade
- 0.19
- Grade Unit
- g/t
- Contained Metal
- 371
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred resource for the Rangefront zone provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“59,787”
Context: Rangefront
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 490816000Grade: 0.3Grade Unit: g/tContained Metal: 4737Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:796915924b300dd939ec
- Deposit or zone
- Total In-Situ
- Mining method
- open_pit
- Material type
- Total In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 490816000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 4737
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total In-Situ Indicated resource represents a very substantial and high-confidence gold inventory for the project.
Positive factors
- Very large Indicated resource base
- NI 43-101 compliant with QP sign-off
Evidence · table
“490,816”
Context: Total In-Situ
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · silverTonnes: 490816000Contained Metal: 8754Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:796915924b300dd939ec
- Deposit or zone
- Total In-Situ
- Mining method
- open_pit
- Material type
- Total In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 490816000
- Contained Metal
- 8754
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total In-Situ Indicated silver resource adds significant byproduct potential, although the average grade is not explicitly stated for this total.
Positive factors
- Significant total contained silver as a byproduct
- Indicated category provides good confidence
Negative factors
- Grade not reported for total In-Situ silver
Evidence · table
“8,754”
Context: Total In-Situ
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 130691000Grade: 0.2Grade Unit: g/tContained Metal: 851Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:96fe336d87a1c962f721
- Deposit or zone
- Total In-Situ
- Mining method
- open_pit
- Material type
- Total In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 130691000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 851
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total In-Situ Inferred resource provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“130,691”
Context: Total In-Situ
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · silverTonnes: 130691000Contained Metal: 1133Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:96fe336d87a1c962f721
- Deposit or zone
- Total In-Situ
- Mining method
- open_pit
- Material type
- Total In-Situ
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 130691000
- Contained Metal
- 1133
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total In-Situ Inferred silver resource adds byproduct potential but requires further work to increase confidence, and its average grade is not explicitly stated.
Positive factors
- Adds to overall contained silver
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
- Grade not reported for total In-Situ silver
Evidence · table
“1,133”
Context: Total In-Situ
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 0Contained Metal: 0Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:0d62bd747d12caec8b36
- Deposit or zone
- Backfill and Waste Dumps
- Mining method
- open_pit
- Material type
- Backfill and Waste Dumps
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 0
- Contained Metal
- 0
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This entry indicates no Indicated gold resource in backfill and waste dumps, which is a neutral finding.
Positive factors
- NI 43-101 compliant with QP sign-off
Negative factors
- No contained gold in this category
Evidence · table
“0”
Context: Backfill and Waste Dumps
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 18144000Grade: 0.25Grade Unit: g/tContained Metal: 145Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:eaf7b59952cc1c4ca48a
- Deposit or zone
- Backfill and Waste Dumps
- Mining method
- open_pit
- Material type
- Backfill and Waste Dumps
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18144000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 145
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred resource in backfill and waste dumps provides additional potential from previously disturbed material, but with lower confidence.
Positive factors
- Adds to overall resource base from waste material
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“18,144”
Context: Backfill and Waste Dumps
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 30844000Grade: 0.19Grade Unit: g/tContained Metal: 190Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:5baff89b7099510d054f
- Deposit or zone
- Legacy Heap Leach Facility
- Mining method
- open_pit
- Material type
- Legacy Heap Leach Facility
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 30844000
- Grade
- 0.19
- Grade Unit
- g/t
- Contained Metal
- 190
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated resource from the Legacy Heap Leach Facility adds to the project's inventory, indicating potential to re-process existing material with good confidence.
Positive factors
- Indicated resource from existing leach facility
- NI 43-101 compliant with QP sign-off
Evidence · table
“30,844”
Context: Legacy Heap Leach Facility
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 0Contained Metal: 0Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:d9336772674436b31517
- Deposit or zone
- Legacy Heap Leach Facility
- Mining method
- open_pit
- Material type
- Legacy Heap Leach Facility
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 0
- Contained Metal
- 0
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This entry indicates no Inferred gold resource in the Legacy Heap Leach Facility, which is a neutral finding.
Positive factors
- NI 43-101 compliant with QP sign-off
Negative factors
- No contained gold in this category
Evidence · table
“0”
Context: Legacy Heap Leach Facility
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · goldTonnes: 521660000Grade: 0.29Grade Unit: g/tContained Metal: 4927Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:a51414e08d1011fb116c
- Deposit or zone
- Total
- Mining method
- open_pit
- Material type
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 521660000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 4927
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Indicated resource of 4.93 million ounces of gold at 0.29 g/t Au provides a robust and high-confidence resource base for the project.
Positive factors
- Very large total Indicated resource
- NI 43-101 compliant with QP sign-off
Evidence · table
“521,660”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine Oxide Gold Project · silverTonnes: 521660000Contained Metal: 8754Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:a51414e08d1011fb116c
- Deposit or zone
- Total
- Mining method
- open_pit
- Material type
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 521660000
- Contained Metal
- 8754
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Indicated silver resource adds significant byproduct potential, although the average grade is not explicitly stated for this total.
Positive factors
- Significant total contained silver as a byproduct
- Indicated category provides good confidence
Negative factors
- Grade not reported for total silver
Evidence · table
“8,754”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · goldTonnes: 148835000Grade: 0.21Grade Unit: g/tContained Metal: 996Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:dce0d7205f1ce5fe5f50
- Deposit or zone
- Total
- Mining method
- open_pit
- Material type
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 148835000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 996
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Inferred resource provides additional exploration upside but requires further drilling to upgrade confidence for economic studies.
Positive factors
- Adds to overall resource base
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“148,835”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine Oxide Gold Project · silverTonnes: 148835000Contained Metal: 1133Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Valerie Wilson, P.Geo., Don Hulse, RM-SME
- Resource group id
- resource:dce0d7205f1ce5fe5f50
- Deposit or zone
- Total
- Mining method
- open_pit
- Material type
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 148835000
- Contained Metal
- 1133
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Inferred silver resource adds byproduct potential but requires further work to increase confidence, and its average grade is not explicitly stated.
Positive factors
- Adds to overall contained silver
- NI 43-101 compliant with QP sign-off
Negative factors
- Inferred category has lower geological confidence
- Grade not reported for total silver
Evidence · table
“1,133”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
heap leachBlack Pine Oxide Gold Project · goldRecovery: 70.2 %View all detailsHide details
Identity
- Project
- Black Pine Oxide Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Test Work
- Program Status
- detailed
- Test Type
- heap leach
- Processing Route
- ROM heap leaching with no crushing, screening or agglomeration
Recovery
- Recovery
- 70.2 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Kappes, Cassiday & Associates
- Consultant
- GL Simmons Consulting LLC
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The average gold recovery of 70.2% for the ROM heap leach operation is strong for this processing route, supported by extensive metallurgical testwork, confirming the technical viability of the project.
Positive factors
- High recovery for heap leach operation
- Extensive testwork completed using bulk samples and large-diameter core
- Technically straightforward process with no crushing or agglomeration
Evidence · table
“70.2%”
Context: Average Gold Recovery
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
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.