Lundin Gold Discovers Two New Copper-Gold Porphyries, Increasing District Total to Seven; Targets Early 2027 Maiden Resource Estimate for Sandia Porphyry

Original announcement by tmx on

Company
Lundin Gold Inc.
Ticker
LUG
Exchange
TSX
Region
southeast Ecuador
Primary commodity
Copper
Secondary commodities
Gold, Silver, Molybdenum
Document categories
Drill results
Extracted
2026-09-12 10:33:43 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Lundin Gold announced the discovery of two new copper-gold porphyry systems, Sandia Northeast and Sandia Southeast, bringing the total identified porphyries in the Fruta del Norte district to seven. Drilling at the Sandia deposit continues to expand its footprint, with significant intercepts including 551.30 m at 0.50% CuEq and 909.45 m at 0.46% CuEq. The company is targeting a maiden mineral resource estimate for the Sandia porphyry in early 2027.

Reasoning: Lundin Gold announced the discovery of two new copper-gold porphyry systems, increasing the district total to seven, and reported significant drill intercepts from the expanding Sandia deposit, including an exceptional 909.45 m at 0.46% CuEq. The company is targeting a maiden mineral resource estimate for Sandia in early 2027, indicating significant progress and potential for resource growth.

Positive factors

  • new_porphyry_discoveries
  • expansion_of_existing_deposit
  • strong_grade_thickness_products
  • maiden_resource_estimate_target
  • qaqc_disclosed
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 116

Extracted facts

Stored fact records: 116. Some facts used in scoring do not have a stored record.

Drill Results (116)

SND-2025-413Fruta del Norte · copperGrade: 0.17Grade Unit: %Intercept: 200.75 mView all details
Link to this fact

Identity

Hole ID
SND-2025-413
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.17
Grade Unit
%
Intercept
200.75 m
From
399.45 m
To
600.2 m
Hole Depth
600.2 m
Intercept Depth
399.45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-413:399.45-600.2

Location

Location
Sandia
Easting
779162
Northing
9583772
Elevation
1606 m
Azimuth
60 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.24
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This intercept shows a moderate copper equivalent grade over a significant width, contributing to the overall resource potential of the Sandia porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.24”

Context: 200.75

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-413Fruta del Norte · goldGrade: 0.02Grade Unit: g/tIntercept: 200.75 mView all details
Link to this fact

Identity

Hole ID
SND-2025-413
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.02
Grade Unit
g/t
Intercept
200.75 m
From
399.45 m
To
600.2 m
Hole Depth
600.2 m
Intercept Depth
399.45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-413:399.45-600.2

Location

Location
Sandia
Easting
779162
Northing
9583772
Elevation
1606 m
Azimuth
60 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.24
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.02”

Context: 200.75

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-413Fruta del Norte · silverGrade: 1.82Grade Unit: g/tIntercept: 200.75 mView all details
Link to this fact

Identity

Hole ID
SND-2025-413
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.82
Grade Unit
g/t
Intercept
200.75 m
From
399.45 m
To
600.2 m
Hole Depth
600.2 m
Intercept Depth
399.45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-413:399.45-600.2

Location

Location
Sandia
Easting
779162
Northing
9583772
Elevation
1606 m
Azimuth
60 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.24
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“1.82”

Context: 200.75

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-413Fruta del Norte · molybdenumGrade: 65.12Grade Unit: ppmIntercept: 200.75 mView all details
Link to this fact

Identity

Hole ID
SND-2025-413
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
65.12
Grade Unit
ppm
Intercept
200.75 m
From
399.45 m
To
600.2 m
Hole Depth
600.2 m
Intercept Depth
399.45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-413:399.45-600.2

Location

Location
Sandia
Easting
779162
Northing
9583772
Elevation
1606 m
Azimuth
60 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.24
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“65.12”

Context: 200.75

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-413Fruta del Norte · copperGrade: 0.34Grade Unit: %Intercept: 30.1 mView all details
Link to this fact

Identity

Hole ID
SND-2025-413
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.34
Grade Unit
%
Intercept
30.1 m
From
569.3 m
To
599.4 m
Hole Depth
600.2 m
Intercept Depth
399.45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-413:569.3-599.4

Location

Location
Sandia
Easting
779162
Northing
9583772
Elevation
1606 m
Azimuth
60 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.48
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This higher-grade sub-interval within SND-2025-413 shows a strong copper equivalent grade, reinforcing the potential of the Sandia porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.48”

Context: 30.10

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-413Fruta del Norte · goldGrade: 0.03Grade Unit: g/tIntercept: 30.1 mView all details
Link to this fact

Identity

Hole ID
SND-2025-413
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.03
Grade Unit
g/t
Intercept
30.1 m
From
569.3 m
To
599.4 m
Hole Depth
600.2 m
Intercept Depth
399.45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-413:569.3-599.4

Location

Location
Sandia
Easting
779162
Northing
9583772
Elevation
1606 m
Azimuth
60 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.48
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.03”

Context: 30.10

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-413Fruta del Norte · silverGrade: 5.17Grade Unit: g/tIntercept: 30.1 mView all details
Link to this fact

Identity

Hole ID
SND-2025-413
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
5.17
Grade Unit
g/t
Intercept
30.1 m
From
569.3 m
To
599.4 m
Hole Depth
600.2 m
Intercept Depth
399.45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-413:569.3-599.4

Location

Location
Sandia
Easting
779162
Northing
9583772
Elevation
1606 m
Azimuth
60 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.48
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“5.17”

Context: 30.10

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-413Fruta del Norte · molybdenumGrade: 102.88Grade Unit: ppmIntercept: 30.1 mView all details
Link to this fact

Identity

Hole ID
SND-2025-413
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
102.88
Grade Unit
ppm
Intercept
30.1 m
From
569.3 m
To
599.4 m
Hole Depth
600.2 m
Intercept Depth
399.45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-413:569.3-599.4

Location

Location
Sandia
Easting
779162
Northing
9583772
Elevation
1606 m
Azimuth
60 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.48
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“102.88”

Context: 30.10

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-414Fruta del Norte · copperGrade: 0.17Grade Unit: %Intercept: 403 mView all details
Link to this fact

Identity

Hole ID
SND-2025-414
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.17
Grade Unit
%
Intercept
403 m
From
147.1 m
To
550.1 m
Hole Depth
550.1 m
Intercept Depth
147.1 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-414:147.1-550.1

Location

Location
Sandia NE
Easting
780070
Northing
9584741
Elevation
1640 m
Azimuth
70 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.24
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This intercept shows a moderate copper equivalent grade over a very significant width, contributing to the overall resource potential of the new Sandia NE porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.24”

Context: 403.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-414Fruta del Norte · goldGrade: 0.08Grade Unit: g/tIntercept: 403 mView all details
Link to this fact

Identity

Hole ID
SND-2025-414
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.08
Grade Unit
g/t
Intercept
403 m
From
147.1 m
To
550.1 m
Hole Depth
550.1 m
Intercept Depth
147.1 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-414:147.1-550.1

Location

Location
Sandia NE
Easting
780070
Northing
9584741
Elevation
1640 m
Azimuth
70 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.24
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.08”

Context: 403.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-414Fruta del Norte · silverGrade: 0.73Grade Unit: g/tIntercept: 403 mView all details
Link to this fact

Identity

Hole ID
SND-2025-414
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.73
Grade Unit
g/t
Intercept
403 m
From
147.1 m
To
550.1 m
Hole Depth
550.1 m
Intercept Depth
147.1 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-414:147.1-550.1

Location

Location
Sandia NE
Easting
780070
Northing
9584741
Elevation
1640 m
Azimuth
70 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.24
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.73”

Context: 403.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-414Fruta del Norte · molybdenumGrade: 14.15Grade Unit: ppmIntercept: 403 mView all details
Link to this fact

Identity

Hole ID
SND-2025-414
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
14.15
Grade Unit
ppm
Intercept
403 m
From
147.1 m
To
550.1 m
Hole Depth
550.1 m
Intercept Depth
147.1 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-414:147.1-550.1

Location

Location
Sandia NE
Easting
780070
Northing
9584741
Elevation
1640 m
Azimuth
70 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.24
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“14.15”

Context: 403.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-414Fruta del Norte · copperGrade: 0.25Grade Unit: %Intercept: 89.1 mView all details
Link to this fact

Identity

Hole ID
SND-2025-414
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.25
Grade Unit
%
Intercept
89.1 m
From
461 m
To
550.1 m
Hole Depth
550.1 m
Intercept Depth
147.1 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-414:461-550.1

Location

Location
Sandia NE
Easting
780070
Northing
9584741
Elevation
1640 m
Azimuth
70 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This higher-grade sub-interval within SND-2025-414 shows a moderate copper equivalent grade, reinforcing the potential of the new Sandia NE porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.32”

Context: 89.10

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-414Fruta del Norte · goldGrade: 0.08Grade Unit: g/tIntercept: 89.1 mView all details
Link to this fact

Identity

Hole ID
SND-2025-414
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.08
Grade Unit
g/t
Intercept
89.1 m
From
461 m
To
550.1 m
Hole Depth
550.1 m
Intercept Depth
147.1 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-414:461-550.1

Location

Location
Sandia NE
Easting
780070
Northing
9584741
Elevation
1640 m
Azimuth
70 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.08”

Context: 89.10

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-414Fruta del Norte · silverGrade: 0.88Grade Unit: g/tIntercept: 89.1 mView all details
Link to this fact

Identity

Hole ID
SND-2025-414
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.88
Grade Unit
g/t
Intercept
89.1 m
From
461 m
To
550.1 m
Hole Depth
550.1 m
Intercept Depth
147.1 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-414:461-550.1

Location

Location
Sandia NE
Easting
780070
Northing
9584741
Elevation
1640 m
Azimuth
70 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.88”

Context: 89.10

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-414Fruta del Norte · molybdenumGrade: 20.62Grade Unit: ppmIntercept: 89.1 mView all details
Link to this fact

Identity

Hole ID
SND-2025-414
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
20.62
Grade Unit
ppm
Intercept
89.1 m
From
461 m
To
550.1 m
Hole Depth
550.1 m
Intercept Depth
147.1 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-414:461-550.1

Location

Location
Sandia NE
Easting
780070
Northing
9584741
Elevation
1640 m
Azimuth
70 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“20.62”

Context: 89.10

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-426-D1Fruta del Norte · copperGrade: 0.12Grade Unit: %Intercept: 110 mView all details
Link to this fact

Identity

Hole ID
SND-2025-426-D1
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.12
Grade Unit
%
Intercept
110 m
From
692.8 m
To
802.8 m
Hole Depth
802.8 m
Intercept Depth
692.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-426-D1:692.8-802.8

Location

Location
Sandia NE
Easting
779805
Northing
9584747
Elevation
1630 m
Azimuth
27 °
Dip
-51 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.17
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This intercept from a new discovery at Sandia NE shows a weak copper equivalent grade over a moderate width, indicating early-stage mineralization.

Positive factors

  • new_discovery_potential
  • metal_equivalent_assumptions_disclosed

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.17”

Context: 110.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-426-D1Fruta del Norte · goldGrade: 0.05Grade Unit: g/tIntercept: 110 mView all details
Link to this fact

Identity

Hole ID
SND-2025-426-D1
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.05
Grade Unit
g/t
Intercept
110 m
From
692.8 m
To
802.8 m
Hole Depth
802.8 m
Intercept Depth
692.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-426-D1:692.8-802.8

Location

Location
Sandia NE
Easting
779805
Northing
9584747
Elevation
1630 m
Azimuth
27 °
Dip
-51 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.17
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.05”

Context: 110.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-426-D1Fruta del Norte · silverGrade: 0.48Grade Unit: g/tIntercept: 110 mView all details
Link to this fact

Identity

Hole ID
SND-2025-426-D1
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.48
Grade Unit
g/t
Intercept
110 m
From
692.8 m
To
802.8 m
Hole Depth
802.8 m
Intercept Depth
692.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-426-D1:692.8-802.8

Location

Location
Sandia NE
Easting
779805
Northing
9584747
Elevation
1630 m
Azimuth
27 °
Dip
-51 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.17
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.48”

Context: 110.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2025-426-D1Fruta del Norte · molybdenumGrade: 14.11Grade Unit: ppmIntercept: 110 mView all details
Link to this fact

Identity

Hole ID
SND-2025-426-D1
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
14.11
Grade Unit
ppm
Intercept
110 m
From
692.8 m
To
802.8 m
Hole Depth
802.8 m
Intercept Depth
692.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2025-426-D1:692.8-802.8

Location

Location
Sandia NE
Easting
779805
Northing
9584747
Elevation
1630 m
Azimuth
27 °
Dip
-51 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.17
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“14.11”

Context: 110.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-430Fruta del Norte · copperGrade: 0.15Grade Unit: %Intercept: 439.6 mView all details
Link to this fact

Identity

Hole ID
SND-2026-430
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.15
Grade Unit
%
Intercept
439.6 m
From
164.4 m
To
604 m
Hole Depth
604 m
Intercept Depth
164.4 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-430:164.4-604

Location

Location
Sandia
Easting
778952
Northing
9584349
Elevation
1602 m
Azimuth
90 °
Dip
-69 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.21
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This intercept shows a moderate copper equivalent grade over a very significant width, contributing to the overall resource potential of the Sandia porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.21”

Context: 439.60

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-430Fruta del Norte · goldGrade: 0.05Grade Unit: g/tIntercept: 439.6 mView all details
Link to this fact

Identity

Hole ID
SND-2026-430
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.05
Grade Unit
g/t
Intercept
439.6 m
From
164.4 m
To
604 m
Hole Depth
604 m
Intercept Depth
164.4 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-430:164.4-604

Location

Location
Sandia
Easting
778952
Northing
9584349
Elevation
1602 m
Azimuth
90 °
Dip
-69 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.21
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.05”

Context: 439.60

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-430Fruta del Norte · silverGrade: 0.95Grade Unit: g/tIntercept: 439.6 mView all details
Link to this fact

Identity

Hole ID
SND-2026-430
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.95
Grade Unit
g/t
Intercept
439.6 m
From
164.4 m
To
604 m
Hole Depth
604 m
Intercept Depth
164.4 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-430:164.4-604

Location

Location
Sandia
Easting
778952
Northing
9584349
Elevation
1602 m
Azimuth
90 °
Dip
-69 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.21
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.95”

Context: 439.60

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-430Fruta del Norte · molybdenumGrade: 15.97Grade Unit: ppmIntercept: 439.6 mView all details
Link to this fact

Identity

Hole ID
SND-2026-430
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
15.97
Grade Unit
ppm
Intercept
439.6 m
From
164.4 m
To
604 m
Hole Depth
604 m
Intercept Depth
164.4 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-430:164.4-604

Location

Location
Sandia
Easting
778952
Northing
9584349
Elevation
1602 m
Azimuth
90 °
Dip
-69 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.21
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“15.97”

Context: 439.60

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-430Fruta del Norte · copperGrade: 0.34Grade Unit: %Intercept: 127.15 mView all details
Link to this fact

Identity

Hole ID
SND-2026-430
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.34
Grade Unit
%
Intercept
127.15 m
From
164.4 m
To
291.55 m
Hole Depth
604 m
Intercept Depth
164.4 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-430:164.4-291.55

Location

Location
Sandia
Easting
778952
Northing
9584349
Elevation
1602 m
Azimuth
90 °
Dip
-69 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This higher-grade sub-interval within SND-2026-430 shows a strong copper equivalent grade, reinforcing the potential of the Sandia porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.45”

Context: 127.15

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-430Fruta del Norte · goldGrade: 0.13Grade Unit: g/tIntercept: 127.15 mView all details
Link to this fact

Identity

Hole ID
SND-2026-430
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.13
Grade Unit
g/t
Intercept
127.15 m
From
164.4 m
To
291.55 m
Hole Depth
604 m
Intercept Depth
164.4 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-430:164.4-291.55

Location

Location
Sandia
Easting
778952
Northing
9584349
Elevation
1602 m
Azimuth
90 °
Dip
-69 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.13”

Context: 127.15

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-430Fruta del Norte · silverGrade: 1.45Grade Unit: g/tIntercept: 127.15 mView all details
Link to this fact

Identity

Hole ID
SND-2026-430
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.45
Grade Unit
g/t
Intercept
127.15 m
From
164.4 m
To
291.55 m
Hole Depth
604 m
Intercept Depth
164.4 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-430:164.4-291.55

Location

Location
Sandia
Easting
778952
Northing
9584349
Elevation
1602 m
Azimuth
90 °
Dip
-69 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“1.45”

Context: 127.15

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-430Fruta del Norte · molybdenumGrade: 13.5Grade Unit: ppmIntercept: 127.15 mView all details
Link to this fact

Identity

Hole ID
SND-2026-430
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
13.5
Grade Unit
ppm
Intercept
127.15 m
From
164.4 m
To
291.55 m
Hole Depth
604 m
Intercept Depth
164.4 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-430:164.4-291.55

Location

Location
Sandia
Easting
778952
Northing
9584349
Elevation
1602 m
Azimuth
90 °
Dip
-69 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“13.50”

Context: 127.15

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-434Fruta del Norte · copperGrade: 0.17Grade Unit: %Intercept: 535.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-434
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.17
Grade Unit
%
Intercept
535.45 m
From
55.8 m
To
591.25 m
Hole Depth
594.4 m
Intercept Depth
55.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-434:55.8-591.25

Location

Location
Sandia
Easting
779758
Northing
9583616
Elevation
1777 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.22
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This intercept shows a moderate copper equivalent grade over a very significant width, contributing to the overall resource potential of the Sandia porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.22”

Context: 535.45

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-434Fruta del Norte · goldGrade: 0.03Grade Unit: g/tIntercept: 535.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-434
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.03
Grade Unit
g/t
Intercept
535.45 m
From
55.8 m
To
591.25 m
Hole Depth
594.4 m
Intercept Depth
55.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-434:55.8-591.25

Location

Location
Sandia
Easting
779758
Northing
9583616
Elevation
1777 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.22
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.03”

Context: 535.45

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-434Fruta del Norte · silverGrade: 0.91Grade Unit: g/tIntercept: 535.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-434
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.91
Grade Unit
g/t
Intercept
535.45 m
From
55.8 m
To
591.25 m
Hole Depth
594.4 m
Intercept Depth
55.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-434:55.8-591.25

Location

Location
Sandia
Easting
779758
Northing
9583616
Elevation
1777 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.22
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.91”

Context: 535.45

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-434Fruta del Norte · molybdenumGrade: 28.66Grade Unit: ppmIntercept: 535.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-434
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
28.66
Grade Unit
ppm
Intercept
535.45 m
From
55.8 m
To
591.25 m
Hole Depth
594.4 m
Intercept Depth
55.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-434:55.8-591.25

Location

Location
Sandia
Easting
779758
Northing
9583616
Elevation
1777 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.22
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“28.66”

Context: 535.45

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-434Fruta del Norte · copperGrade: 0.23Grade Unit: %Intercept: 91 mView all details
Link to this fact

Identity

Hole ID
SND-2026-434
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.23
Grade Unit
%
Intercept
91 m
From
59.7 m
To
150.7 m
Hole Depth
594.4 m
Intercept Depth
55.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-434:59.7-150.7

Location

Location
Sandia
Easting
779758
Northing
9583616
Elevation
1777 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This higher-grade sub-interval within SND-2026-434 shows a moderate copper equivalent grade, reinforcing the potential of the Sandia porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.30”

Context: 91.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-434Fruta del Norte · goldGrade: 0.05Grade Unit: g/tIntercept: 91 mView all details
Link to this fact

Identity

Hole ID
SND-2026-434
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.05
Grade Unit
g/t
Intercept
91 m
From
59.7 m
To
150.7 m
Hole Depth
594.4 m
Intercept Depth
55.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-434:59.7-150.7

Location

Location
Sandia
Easting
779758
Northing
9583616
Elevation
1777 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.05”

Context: 91.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-434Fruta del Norte · silverGrade: 0.9Grade Unit: g/tIntercept: 91 mView all details
Link to this fact

Identity

Hole ID
SND-2026-434
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.9
Grade Unit
g/t
Intercept
91 m
From
59.7 m
To
150.7 m
Hole Depth
594.4 m
Intercept Depth
55.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-434:59.7-150.7

Location

Location
Sandia
Easting
779758
Northing
9583616
Elevation
1777 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.90”

Context: 91.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-434Fruta del Norte · molybdenumGrade: 38.19Grade Unit: ppmIntercept: 91 mView all details
Link to this fact

Identity

Hole ID
SND-2026-434
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
38.19
Grade Unit
ppm
Intercept
91 m
From
59.7 m
To
150.7 m
Hole Depth
594.4 m
Intercept Depth
55.8 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-434:59.7-150.7

Location

Location
Sandia
Easting
779758
Northing
9583616
Elevation
1777 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“38.19”

Context: 91.00

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-438Fruta del Norte · copperGrade: 0.14Grade Unit: %Intercept: 233.2 mView all details
Link to this fact

Identity

Hole ID
SND-2026-438
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.14
Grade Unit
%
Intercept
233.2 m
From
14 m
To
247.2 m
Hole Depth
421.55 m
Intercept Depth
14 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-438:14-247.2

Location

Location
Sandia
Easting
779738
Northing
9584196
Elevation
1624 m
Azimuth
80 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.18
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This intercept shows a weak copper equivalent grade over a significant width, contributing to the overall resource potential of the Sandia porphyry system.

Positive factors

  • new_discovery_potential
  • metal_equivalent_assumptions_disclosed

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.18”

Context: 233.20

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-438Fruta del Norte · goldGrade: 0.02Grade Unit: g/tIntercept: 233.2 mView all details
Link to this fact

Identity

Hole ID
SND-2026-438
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.02
Grade Unit
g/t
Intercept
233.2 m
From
14 m
To
247.2 m
Hole Depth
421.55 m
Intercept Depth
14 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-438:14-247.2

Location

Location
Sandia
Easting
779738
Northing
9584196
Elevation
1624 m
Azimuth
80 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.18
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.02”

Context: 233.20

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-438Fruta del Norte · silverGrade: 0.98Grade Unit: g/tIntercept: 233.2 mView all details
Link to this fact

Identity

Hole ID
SND-2026-438
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.98
Grade Unit
g/t
Intercept
233.2 m
From
14 m
To
247.2 m
Hole Depth
421.55 m
Intercept Depth
14 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-438:14-247.2

Location

Location
Sandia
Easting
779738
Northing
9584196
Elevation
1624 m
Azimuth
80 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.18
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.98”

Context: 233.20

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-438Fruta del Norte · molybdenumGrade: 22.93Grade Unit: ppmIntercept: 233.2 mView all details
Link to this fact

Identity

Hole ID
SND-2026-438
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
22.93
Grade Unit
ppm
Intercept
233.2 m
From
14 m
To
247.2 m
Hole Depth
421.55 m
Intercept Depth
14 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-438:14-247.2

Location

Location
Sandia
Easting
779738
Northing
9584196
Elevation
1624 m
Azimuth
80 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.18
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“22.93”

Context: 233.20

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-438Fruta del Norte · copperGrade: 0.22Grade Unit: %Intercept: 42.85 mView all details
Link to this fact

Identity

Hole ID
SND-2026-438
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.22
Grade Unit
%
Intercept
42.85 m
From
14 m
To
56.85 m
Hole Depth
421.55 m
Intercept Depth
14 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-438:14-56.85

Location

Location
Sandia
Easting
779738
Northing
9584196
Elevation
1624 m
Azimuth
80 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.27
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This higher-grade sub-interval within SND-2026-438 shows a moderate copper equivalent grade, reinforcing the potential of the Sandia porphyry system.

Positive factors

  • new_discovery_potential
  • good_grade_thickness
  • metal_equivalent_assumptions_disclosed

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.27”

Context: 42.85

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-438Fruta del Norte · goldGrade: 0.03Grade Unit: g/tIntercept: 42.85 mView all details
Link to this fact

Identity

Hole ID
SND-2026-438
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.03
Grade Unit
g/t
Intercept
42.85 m
From
14 m
To
56.85 m
Hole Depth
421.55 m
Intercept Depth
14 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-438:14-56.85

Location

Location
Sandia
Easting
779738
Northing
9584196
Elevation
1624 m
Azimuth
80 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.27
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.03”

Context: 42.85

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-438Fruta del Norte · silverGrade: 0.83Grade Unit: g/tIntercept: 42.85 mView all details
Link to this fact

Identity

Hole ID
SND-2026-438
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.83
Grade Unit
g/t
Intercept
42.85 m
From
14 m
To
56.85 m
Hole Depth
421.55 m
Intercept Depth
14 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-438:14-56.85

Location

Location
Sandia
Easting
779738
Northing
9584196
Elevation
1624 m
Azimuth
80 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.27
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.83”

Context: 42.85

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-438Fruta del Norte · molybdenumGrade: 26.22Grade Unit: ppmIntercept: 42.85 mView all details
Link to this fact

Identity

Hole ID
SND-2026-438
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
26.22
Grade Unit
ppm
Intercept
42.85 m
From
14 m
To
56.85 m
Hole Depth
421.55 m
Intercept Depth
14 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-438:14-56.85

Location

Location
Sandia
Easting
779738
Northing
9584196
Elevation
1624 m
Azimuth
80 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.27
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The molybdenum grade is low for a porphyry system, but contributes to the overall polymetallic nature of the intercept.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“26.22”

Context: 42.85

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-467Fruta del Norte · copperGrade: 0.13Grade Unit: %Intercept: 214.8 mView all details
Link to this fact

Identity

Hole ID
SND-2026-467
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.13
Grade Unit
%
Intercept
214.8 m
From
36.5 m
To
251.3 m
Hole Depth
515.1 m
Intercept Depth
36.5 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-467:36.5-251.3

Location

Location
Sandia SE
Easting
780280
Northing
9583010
Elevation
1666 m
Azimuth
65 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: This intercept represents a new copper-gold porphyry discovery at Sandia SE, with a weak copper grade over a significant width, indicating early-stage mineralization.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.13”

Context: 214.80

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-467Fruta del Norte · goldGrade: 0.21Grade Unit: g/tIntercept: 214.8 mView all details
Link to this fact

Identity

Hole ID
SND-2026-467
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.21
Grade Unit
g/t
Intercept
214.8 m
From
36.5 m
To
251.3 m
Hole Depth
515.1 m
Intercept Depth
36.5 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-467:36.5-251.3

Location

Location
Sandia SE
Easting
780280
Northing
9583010
Elevation
1666 m
Azimuth
65 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The gold grade is moderate for a porphyry system, contributing to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential
  • good_grade_thickness

Negative factors

  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.21”

Context: 214.80

Tags used in scoring

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”

QA/QC DisclosedRejected · positive

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

Reason: The release mentions a Qualified Person, ALS laboratory, and QA/QC program including standards, blanks, and duplicates.

Evidence · text

“The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.”

Cut-off UndisclosedRejected · negative

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

Reason: The cut-off grade used for compositing the reported interval is not disclosed.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-467Fruta del Norte · silverGrade: 0.71Grade Unit: g/tIntercept: 214.8 mView all details
Link to this fact

Identity

Hole ID
SND-2026-467
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.71
Grade Unit
g/t
Intercept
214.8 m
From
36.5 m
To
251.3 m
Hole Depth
515.1 m
Intercept Depth
36.5 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
SND-2026-467:36.5-251.3

Location

Location
Sandia SE
Easting
780280
Northing
9583010
Elevation
1666 m
Azimuth
65 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: The silver grade is low for a porphyry system, but contributes to the overall polymetallic nature of this new discovery.

Positive factors

  • new_discovery_potential

Negative factors

  • low_grade
  • apparent_width_only
  • cutoff_undisclosed

Evidence · table

“0.71”

Context: 214.80

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

Reason: Drill hole intercepts are reported in drill core lengths, not true widths.

Evidence · text

“Drill hole intercepts are reported in drill core lengths.”
SND-2026-467Fruta del Norte · molybdenumGrade: 10.86Grade Unit: ppmIntercept: 214.8 mView all details
Link to this fact

Identity

Hole ID
SND-2026-467
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
10.86
Grade Unit
ppm
Intercept
214.8 m
From
36.5 m
To
251.3 m
Intercept Depth
36.5 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-467:36.5-251.3

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 10.86 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“10.86”

Context: SND-2026-467

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-476Fruta del Norte · copperGrade: 0.11Grade Unit: %Intercept: 320.7 mView all details
Link to this fact

Identity

Hole ID
SND-2026-476
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.11
Grade Unit
%
Intercept
320.7 m
From
47 m
To
367.7 m
Intercept Depth
47 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-476:47-367.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.14
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.11 % copper is weak against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 35.3 %·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.11”

Context: SND-2026-476

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-476Fruta del Norte · goldGrade: 0.03Grade Unit: g/tIntercept: 320.7 mView all details
Link to this fact

Identity

Hole ID
SND-2026-476
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.03
Grade Unit
g/t
Intercept
320.7 m
From
47 m
To
367.7 m
Intercept Depth
47 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-476:47-367.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.14
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.03 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 9.6 g/t·m is below.

Negative factors

  • 0.03 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.03”

Context: SND-2026-476

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-476Fruta del Norte · silverGrade: 0.43Grade Unit: g/tIntercept: 320.7 mView all details
Link to this fact

Identity

Hole ID
SND-2026-476
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.43
Grade Unit
g/t
Intercept
320.7 m
From
47 m
To
367.7 m
Intercept Depth
47 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-476:47-367.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.14
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.43 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 137.9 g/t·m is below.

Negative factors

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

Evidence · table

“0.43”

Context: SND-2026-476

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-476Fruta del Norte · molybdenumGrade: 21.28Grade Unit: ppmIntercept: 320.7 mView all details
Link to this fact

Identity

Hole ID
SND-2026-476
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
21.28
Grade Unit
ppm
Intercept
320.7 m
From
47 m
To
367.7 m
Intercept Depth
47 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-476:47-367.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.14
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 21.28 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“21.28”

Context: SND-2026-476

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · copperGrade: 0.25Grade Unit: %Intercept: 464.9 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.25
Grade Unit
%
Intercept
464.9 m
From
11.1 m
To
476 m
Intercept Depth
11.1 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:11.1-476

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.25 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 116.2 %·m is moderate.

Negative factors

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

Evidence · table

“0.25”

Context: SND-2026-480

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · goldGrade: 0.04Grade Unit: g/tIntercept: 464.9 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.04
Grade Unit
g/t
Intercept
464.9 m
From
11.1 m
To
476 m
Intercept Depth
11.1 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:11.1-476

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.04 g/t gold is weak against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 18.6 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.04”

Context: SND-2026-480

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · silverGrade: 1.87Grade Unit: g/tIntercept: 464.9 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.87
Grade Unit
g/t
Intercept
464.9 m
From
11.1 m
To
476 m
Intercept Depth
11.1 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:11.1-476

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.87 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 869.4 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“1.87”

Context: SND-2026-480

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · molybdenumGrade: 48.55Grade Unit: ppmIntercept: 464.9 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
48.55
Grade Unit
ppm
Intercept
464.9 m
From
11.1 m
To
476 m
Intercept Depth
11.1 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:11.1-476

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 48.55 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“48.55”

Context: SND-2026-480

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · copperGrade: 0.36Grade Unit: %Intercept: 192 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.36
Grade Unit
%
Intercept
192 m
From
284 m
To
476 m
Intercept Depth
284 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:284-476

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.49
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.36 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 69.1 %·m is moderate.

Negative factors

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

Evidence · table

“0.36”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · goldGrade: 0.05Grade Unit: g/tIntercept: 192 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.05
Grade Unit
g/t
Intercept
192 m
From
284 m
To
476 m
Intercept Depth
284 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:284-476

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.49
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.05 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 9.6 g/t·m is below.

Negative factors

  • 0.05 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.05”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · silverGrade: 3.16Grade Unit: g/tIntercept: 192 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
3.16
Grade Unit
g/t
Intercept
192 m
From
284 m
To
476 m
Intercept Depth
284 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:284-476

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.49
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 3.16 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 606.7 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“3.16”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · molybdenumGrade: 93.79Grade Unit: ppmIntercept: 192 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
93.79
Grade Unit
ppm
Intercept
192 m
From
284 m
To
476 m
Intercept Depth
284 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:284-476

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.49
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 93.79 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“93.79”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · copperGrade: 0.3Grade Unit: %Intercept: 40.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.3
Grade Unit
%
Intercept
40.45 m
From
176.8 m
To
217.25 m
Intercept Depth
176.8 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:176.8-217.25

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.3 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 12.1 %·m is below (grade alone is moderate; the better of the two is used).

Negative factors

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

Evidence · table

“0.30”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · goldGrade: 0.13Grade Unit: g/tIntercept: 40.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.13
Grade Unit
g/t
Intercept
40.45 m
From
176.8 m
To
217.25 m
Intercept Depth
176.8 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:176.8-217.25

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.13 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 5.3 g/t·m is below.

Negative factors

  • 0.13 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.13”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · silverGrade: 0.86Grade Unit: g/tIntercept: 40.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.86
Grade Unit
g/t
Intercept
40.45 m
From
176.8 m
To
217.25 m
Intercept Depth
176.8 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:176.8-217.25

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.86 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 34.8 g/t·m is below.

Negative factors

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

Evidence · table

“0.86”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-480Fruta del Norte · molybdenumGrade: 9.97Grade Unit: ppmIntercept: 40.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-480
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
9.97
Grade Unit
ppm
Intercept
40.45 m
From
176.8 m
To
217.25 m
Intercept Depth
176.8 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-480:176.8-217.25

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 9.97 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“9.97”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-481Fruta del Norte · copperGrade: 0.33Grade Unit: %Intercept: 356.4 mView all details
Link to this fact

Identity

Hole ID
SND-2026-481
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.33
Grade Unit
%
Intercept
356.4 m
From
612.1 m
To
968.5 m
Intercept Depth
612.1 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-481:612.1-968.5

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.33 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 117.6 %·m is moderate.

Negative factors

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

Evidence · table

“0.33”

Context: SND-2026-481

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-481Fruta del Norte · goldGrade: 0.05Grade Unit: g/tIntercept: 356.4 mView all details
Link to this fact

Identity

Hole ID
SND-2026-481
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.05
Grade Unit
g/t
Intercept
356.4 m
From
612.1 m
To
968.5 m
Intercept Depth
612.1 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-481:612.1-968.5

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.05 g/t gold is weak against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 17.8 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.05”

Context: SND-2026-481

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-481Fruta del Norte · silverGrade: 1.3Grade Unit: g/tIntercept: 356.4 mView all details
Link to this fact

Identity

Hole ID
SND-2026-481
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.3
Grade Unit
g/t
Intercept
356.4 m
From
612.1 m
To
968.5 m
Intercept Depth
612.1 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-481:612.1-968.5

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.3 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 463.3 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“1.30”

Context: SND-2026-481

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-481Fruta del Norte · molybdenumGrade: 34.72Grade Unit: ppmIntercept: 356.4 mView all details
Link to this fact

Identity

Hole ID
SND-2026-481
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
34.72
Grade Unit
ppm
Intercept
356.4 m
From
612.1 m
To
968.5 m
Intercept Depth
612.1 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-481:612.1-968.5

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 34.72 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“34.72”

Context: SND-2026-481

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-481Fruta del Norte · copperGrade: 0.5Grade Unit: %Intercept: 71 mView all details
Link to this fact

Identity

Hole ID
SND-2026-481
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.5
Grade Unit
%
Intercept
71 m
From
679.4 m
To
750.4 m
Intercept Depth
679.4 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-481:679.4-750.4

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.5 % copper is strong against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 35.5 %·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 0.5 % copper is strong on the porphyry deposit band.

Negative factors

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

Evidence · table

“0.50”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-481Fruta del Norte · goldGrade: 0.09Grade Unit: g/tIntercept: 71 mView all details
Link to this fact

Identity

Hole ID
SND-2026-481
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.09
Grade Unit
g/t
Intercept
71 m
From
679.4 m
To
750.4 m
Intercept Depth
679.4 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-481:679.4-750.4

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.09 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 6.4 g/t·m is below.

Negative factors

  • 0.09 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.09”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-481Fruta del Norte · silverGrade: 1.94Grade Unit: g/tIntercept: 71 mView all details
Link to this fact

Identity

Hole ID
SND-2026-481
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.94
Grade Unit
g/t
Intercept
71 m
From
679.4 m
To
750.4 m
Intercept Depth
679.4 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-481:679.4-750.4

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.94 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 137.7 g/t·m is below.

Negative factors

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

Evidence · table

“1.94”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-481Fruta del Norte · molybdenumGrade: 42.01Grade Unit: ppmIntercept: 71 mView all details
Link to this fact

Identity

Hole ID
SND-2026-481
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
42.01
Grade Unit
ppm
Intercept
71 m
From
679.4 m
To
750.4 m
Intercept Depth
679.4 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-481:679.4-750.4

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 42.01 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“42.01”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-484Fruta del Norte · copperGrade: 0.23Grade Unit: %Intercept: 636 mView all details
Link to this fact

Identity

Hole ID
SND-2026-484
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.23
Grade Unit
%
Intercept
636 m
From
12.5 m
To
648.5 m
Intercept Depth
12.5 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-484:12.5-648.5

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.29
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.23 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 146.3 %·m is moderate (grade alone is weak; the better of the two is used).

Negative factors

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

Evidence · table

“0.23”

Context: SND-2026-484

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-484Fruta del Norte · goldGrade: 0.04Grade Unit: g/tIntercept: 636 mView all details
Link to this fact

Identity

Hole ID
SND-2026-484
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.04
Grade Unit
g/t
Intercept
636 m
From
12.5 m
To
648.5 m
Intercept Depth
12.5 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-484:12.5-648.5

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.29
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.04 g/t gold is weak against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 25.4 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.04”

Context: SND-2026-484

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-484Fruta del Norte · silverGrade: 0.95Grade Unit: g/tIntercept: 636 mView all details
Link to this fact

Identity

Hole ID
SND-2026-484
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.95
Grade Unit
g/t
Intercept
636 m
From
12.5 m
To
648.5 m
Intercept Depth
12.5 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-484:12.5-648.5

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.29
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.95 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 604.2 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.95”

Context: SND-2026-484

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-484Fruta del Norte · molybdenumGrade: 34.36Grade Unit: ppmIntercept: 636 mView all details
Link to this fact

Identity

Hole ID
SND-2026-484
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
34.36
Grade Unit
ppm
Intercept
636 m
From
12.5 m
To
648.5 m
Intercept Depth
12.5 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-484:12.5-648.5

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.29
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 34.36 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“34.36”

Context: SND-2026-484

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-484Fruta del Norte · copperGrade: 0.33Grade Unit: %Intercept: 101 mView all details
Link to this fact

Identity

Hole ID
SND-2026-484
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.33
Grade Unit
%
Intercept
101 m
From
157 m
To
258 m
Intercept Depth
157 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-484:157-258

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.33 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 33.3 %·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

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

Evidence · table

“0.33”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-484Fruta del Norte · goldGrade: 0.07Grade Unit: g/tIntercept: 101 mView all details
Link to this fact

Identity

Hole ID
SND-2026-484
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.07
Grade Unit
g/t
Intercept
101 m
From
157 m
To
258 m
Intercept Depth
157 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-484:157-258

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.07 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 7.1 g/t·m is below.

Negative factors

  • 0.07 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.07”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-484Fruta del Norte · silverGrade: 1.31Grade Unit: g/tIntercept: 101 mView all details
Link to this fact

Identity

Hole ID
SND-2026-484
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.31
Grade Unit
g/t
Intercept
101 m
From
157 m
To
258 m
Intercept Depth
157 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-484:157-258

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.31 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 132.3 g/t·m is below.

Negative factors

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

Evidence · table

“1.31”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-484Fruta del Norte · molybdenumGrade: 14.22Grade Unit: ppmIntercept: 101 mView all details
Link to this fact

Identity

Hole ID
SND-2026-484
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
14.22
Grade Unit
ppm
Intercept
101 m
From
157 m
To
258 m
Intercept Depth
157 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-484:157-258

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 14.22 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“14.22”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-486Fruta del Norte · copperGrade: 0.14Grade Unit: %Intercept: 300.15 mView all details
Link to this fact

Identity

Hole ID
SND-2026-486
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.14
Grade Unit
%
Intercept
300.15 m
From
164.6 m
To
464.75 m
Intercept Depth
164.6 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-486:164.6-464.75

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.17
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.14 % copper is weak against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 42.0 %·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.14”

Context: SND-2026-486

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-486Fruta del Norte · goldGrade: 0.03Grade Unit: g/tIntercept: 300.15 mView all details
Link to this fact

Identity

Hole ID
SND-2026-486
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.03
Grade Unit
g/t
Intercept
300.15 m
From
164.6 m
To
464.75 m
Intercept Depth
164.6 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-486:164.6-464.75

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.17
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.03 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 9.0 g/t·m is below.

Negative factors

  • 0.03 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.03”

Context: SND-2026-486

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-486Fruta del Norte · silverGrade: 0.77Grade Unit: g/tIntercept: 300.15 mView all details
Link to this fact

Identity

Hole ID
SND-2026-486
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.77
Grade Unit
g/t
Intercept
300.15 m
From
164.6 m
To
464.75 m
Intercept Depth
164.6 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-486:164.6-464.75

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.17
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.77 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 231.1 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.77”

Context: SND-2026-486

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-486Fruta del Norte · molybdenumGrade: 8.05Grade Unit: ppmIntercept: 300.15 mView all details
Link to this fact

Identity

Hole ID
SND-2026-486
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
8.05
Grade Unit
ppm
Intercept
300.15 m
From
164.6 m
To
464.75 m
Intercept Depth
164.6 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-486:164.6-464.75

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.17
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 8.05 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“8.05”

Context: SND-2026-486

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-498Fruta del Norte · copperGrade: 0.22Grade Unit: %Intercept: 454 mView all details
Link to this fact

Identity

Hole ID
SND-2026-498
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.22
Grade Unit
%
Intercept
454 m
From
278.7 m
To
732.7 m
Intercept Depth
278.7 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-498:278.7-732.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.22 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 99.9 %·m is moderate (grade alone is weak; the better of the two is used).

Negative factors

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

Evidence · table

“0.22”

Context: SND-2026-498

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-498Fruta del Norte · goldGrade: 0.11Grade Unit: g/tIntercept: 454 mView all details
Link to this fact

Identity

Hole ID
SND-2026-498
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.11
Grade Unit
g/t
Intercept
454 m
From
278.7 m
To
732.7 m
Intercept Depth
278.7 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-498:278.7-732.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.11 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 49.9 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.11”

Context: SND-2026-498

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-498Fruta del Norte · silverGrade: 0.82Grade Unit: g/tIntercept: 454 mView all details
Link to this fact

Identity

Hole ID
SND-2026-498
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.82
Grade Unit
g/t
Intercept
454 m
From
278.7 m
To
732.7 m
Intercept Depth
278.7 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-498:278.7-732.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.82 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 372.3 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.82”

Context: SND-2026-498

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-498Fruta del Norte · molybdenumGrade: 9.97Grade Unit: ppmIntercept: 454 mView all details
Link to this fact

Identity

Hole ID
SND-2026-498
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
9.97
Grade Unit
ppm
Intercept
454 m
From
278.7 m
To
732.7 m
Intercept Depth
278.7 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-498:278.7-732.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 9.97 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“9.97”

Context: SND-2026-498

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-498Fruta del Norte · copperGrade: 0.26Grade Unit: %Intercept: 236.75 mView all details
Link to this fact

Identity

Hole ID
SND-2026-498
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.26
Grade Unit
%
Intercept
236.75 m
From
475.95 m
To
712.7 m
Intercept Depth
475.95 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-498:475.95-712.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.26 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 61.6 %·m is moderate.

Negative factors

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

Evidence · table

“0.26”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-498Fruta del Norte · goldGrade: 0.14Grade Unit: g/tIntercept: 236.75 mView all details
Link to this fact

Identity

Hole ID
SND-2026-498
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.14
Grade Unit
g/t
Intercept
236.75 m
From
475.95 m
To
712.7 m
Intercept Depth
475.95 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-498:475.95-712.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.14 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 33.1 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.14”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-498Fruta del Norte · silverGrade: 0.9Grade Unit: g/tIntercept: 236.75 mView all details
Link to this fact

Identity

Hole ID
SND-2026-498
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.9
Grade Unit
g/t
Intercept
236.75 m
From
475.95 m
To
712.7 m
Intercept Depth
475.95 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-498:475.95-712.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.9 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 213.1 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.90”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-498Fruta del Norte · molybdenumGrade: 8.74Grade Unit: ppmIntercept: 236.75 mView all details
Link to this fact

Identity

Hole ID
SND-2026-498
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
8.74
Grade Unit
ppm
Intercept
236.75 m
From
475.95 m
To
712.7 m
Intercept Depth
475.95 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-498:475.95-712.7

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 8.74 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“8.74”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-502Fruta del Norte · copperGrade: 0.42Grade Unit: %Intercept: 551.3 mView all details
Link to this fact

Identity

Hole ID
SND-2026-502
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.42
Grade Unit
%
Intercept
551.3 m
From
67 m
To
618.3 m
Intercept Depth
67 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-502:67-618.3

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.42 % copper is strong against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 231.5 %·m is strong.

Positive factors

  • 0.42 % copper is strong on the porphyry deposit band.

Negative factors

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

Evidence · table

“0.42”

Context: SND-2026-502

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-502Fruta del Norte · goldGrade: 0.08Grade Unit: g/tIntercept: 551.3 mView all details
Link to this fact

Identity

Hole ID
SND-2026-502
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.08
Grade Unit
g/t
Intercept
551.3 m
From
67 m
To
618.3 m
Intercept Depth
67 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-502:67-618.3

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.08 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 44.1 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.08”

Context: SND-2026-502

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-502Fruta del Norte · silverGrade: 1.62Grade Unit: g/tIntercept: 551.3 mView all details
Link to this fact

Identity

Hole ID
SND-2026-502
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.62
Grade Unit
g/t
Intercept
551.3 m
From
67 m
To
618.3 m
Intercept Depth
67 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-502:67-618.3

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.62 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 893.1 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“1.62”

Context: SND-2026-502

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-502Fruta del Norte · molybdenumGrade: 17.05Grade Unit: ppmIntercept: 551.3 mView all details
Link to this fact

Identity

Hole ID
SND-2026-502
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
17.05
Grade Unit
ppm
Intercept
551.3 m
From
67 m
To
618.3 m
Intercept Depth
67 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-502:67-618.3

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 17.05 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“17.05”

Context: SND-2026-502

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-502Fruta del Norte · copperGrade: 0.51Grade Unit: %Intercept: 307.95 mView all details
Link to this fact

Identity

Hole ID
SND-2026-502
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.51
Grade Unit
%
Intercept
307.95 m
From
67 m
To
374.95 m
Intercept Depth
67 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-502:67-374.95

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.51 % copper is strong against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 157.1 %·m is strong.

Positive factors

  • 0.51 % copper is strong on the porphyry deposit band.

Negative factors

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

Evidence · table

“0.51”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-502Fruta del Norte · goldGrade: 0.11Grade Unit: g/tIntercept: 307.95 mView all details
Link to this fact

Identity

Hole ID
SND-2026-502
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.11
Grade Unit
g/t
Intercept
307.95 m
From
67 m
To
374.95 m
Intercept Depth
67 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-502:67-374.95

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.11 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 33.9 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.11”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-502Fruta del Norte · silverGrade: 1.71Grade Unit: g/tIntercept: 307.95 mView all details
Link to this fact

Identity

Hole ID
SND-2026-502
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.71
Grade Unit
g/t
Intercept
307.95 m
From
67 m
To
374.95 m
Intercept Depth
67 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-502:67-374.95

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.71 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 526.6 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“1.71”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-502Fruta del Norte · molybdenumGrade: 14.14Grade Unit: ppmIntercept: 307.95 mView all details
Link to this fact

Identity

Hole ID
SND-2026-502
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
14.14
Grade Unit
ppm
Intercept
307.95 m
From
67 m
To
374.95 m
Intercept Depth
67 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-502:67-374.95

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 14.14 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“14.14”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-510Fruta del Norte · copperGrade: 0.38Grade Unit: %Intercept: 909.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-510
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.38
Grade Unit
%
Intercept
909.45 m
From
29 m
To
938.45 m
Intercept Depth
29 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-510:29-938.45

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.38 % copper is strong against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 345.6 %·m is strong (grade alone is moderate; the better of the two is used).

Positive factors

  • 0.38 % copper is strong on the porphyry deposit band.

Negative factors

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

Evidence · table

“0.38”

Context: SND-2026-510

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-510Fruta del Norte · goldGrade: 0.06Grade Unit: g/tIntercept: 909.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-510
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.06
Grade Unit
g/t
Intercept
909.45 m
From
29 m
To
938.45 m
Intercept Depth
29 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-510:29-938.45

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.06 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 54.6 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.06”

Context: SND-2026-510

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-510Fruta del Norte · silverGrade: 1.93Grade Unit: g/tIntercept: 909.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-510
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.93
Grade Unit
g/t
Intercept
909.45 m
From
29 m
To
938.45 m
Intercept Depth
29 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-510:29-938.45

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.93 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 1755.2 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“1.93”

Context: SND-2026-510

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-510Fruta del Norte · molybdenumGrade: 39.06Grade Unit: ppmIntercept: 909.45 mView all details
Link to this fact

Identity

Hole ID
SND-2026-510
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
39.06
Grade Unit
ppm
Intercept
909.45 m
From
29 m
To
938.45 m
Intercept Depth
29 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-510:29-938.45

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.46
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 39.06 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“39.06”

Context: SND-2026-510

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-510Fruta del Norte · copperGrade: 0.45Grade Unit: %Intercept: 401.1 mView all details
Link to this fact

Identity

Hole ID
SND-2026-510
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.45
Grade Unit
%
Intercept
401.1 m
From
90.9 m
To
492 m
Intercept Depth
90.9 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-510:90.9-492

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.45 % copper is strong against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 180.5 %·m is strong.

Positive factors

  • 0.45 % copper is strong on the porphyry deposit band.

Negative factors

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

Evidence · table

“0.45”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-510Fruta del Norte · goldGrade: 0.08Grade Unit: g/tIntercept: 401.1 mView all details
Link to this fact

Identity

Hole ID
SND-2026-510
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.08
Grade Unit
g/t
Intercept
401.1 m
From
90.9 m
To
492 m
Intercept Depth
90.9 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-510:90.9-492

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.08 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 32.1 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“0.08”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-510Fruta del Norte · silverGrade: 2.38Grade Unit: g/tIntercept: 401.1 mView all details
Link to this fact

Identity

Hole ID
SND-2026-510
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
2.38
Grade Unit
g/t
Intercept
401.1 m
From
90.9 m
To
492 m
Intercept Depth
90.9 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-510:90.9-492

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 2.38 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 954.6 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“2.38”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

SND-2026-510Fruta del Norte · molybdenumGrade: 34.05Grade Unit: ppmIntercept: 401.1 mView all details
Link to this fact

Identity

Hole ID
SND-2026-510
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
34.05
Grade Unit
ppm
Intercept
401.1 m
From
90.9 m
To
492 m
Intercept Depth
90.9 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
SND-2026-510:90.9-492

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 34.05 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“34.05”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

TRL-2026-439Fruta del Norte · copperGrade: 0.22Grade Unit: %Intercept: 172.4 mView all details
Link to this fact

Identity

Hole ID
TRL-2026-439
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.22
Grade Unit
%
Intercept
172.4 m
From
254.25 m
To
426.65 m
Intercept Depth
254.25 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
TRL-2026-439:254.25-426.65

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.22 % copper is weak against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 37.9 %·m is weak.

Negative factors

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

Evidence · table

“0.22”

Context: TRL-2026-439

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

TRL-2026-439Fruta del Norte · goldGrade: 0.05Grade Unit: g/tIntercept: 172.4 mView all details
Link to this fact

Identity

Hole ID
TRL-2026-439
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.05
Grade Unit
g/t
Intercept
172.4 m
From
254.25 m
To
426.65 m
Intercept Depth
254.25 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
TRL-2026-439:254.25-426.65

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.05 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 8.6 g/t·m is below.

Negative factors

  • 0.05 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.05”

Context: TRL-2026-439

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

TRL-2026-439Fruta del Norte · silverGrade: 1.43Grade Unit: g/tIntercept: 172.4 mView all details
Link to this fact

Identity

Hole ID
TRL-2026-439
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.43
Grade Unit
g/t
Intercept
172.4 m
From
254.25 m
To
426.65 m
Intercept Depth
254.25 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
TRL-2026-439:254.25-426.65

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.43 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 246.5 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

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

Evidence · table

“1.43”

Context: TRL-2026-439

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

TRL-2026-439Fruta del Norte · molybdenumGrade: 19.2Grade Unit: ppmIntercept: 172.4 mView all details
Link to this fact

Identity

Hole ID
TRL-2026-439
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
19.2
Grade Unit
ppm
Intercept
172.4 m
From
254.25 m
To
426.65 m
Intercept Depth
254.25 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
TRL-2026-439:254.25-426.65

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 19.2 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“19.20”

Context: TRL-2026-439

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

TRL-2026-439Fruta del Norte · copperGrade: 0.31Grade Unit: %Intercept: 52.45 mView all details
Link to this fact

Identity

Hole ID
TRL-2026-439
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.31
Grade Unit
%
Intercept
52.45 m
From
342.75 m
To
395.2 m
Intercept Depth
342.75 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
TRL-2026-439:342.75-395.2

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.31 % copper is moderate against the porphyry deposit band [0.8, 0.4, 0.25, 0.15] %. Grade×width 16.3 %·m is below (grade alone is moderate; the better of the two is used).

Negative factors

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

Evidence · table

“0.31”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

TRL-2026-439Fruta del Norte · goldGrade: 0.07Grade Unit: g/tIntercept: 52.45 mView all details
Link to this fact

Identity

Hole ID
TRL-2026-439
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
0.07
Grade Unit
g/t
Intercept
52.45 m
From
342.75 m
To
395.2 m
Intercept Depth
342.75 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
TRL-2026-439:342.75-395.2

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 0.07 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 3.7 g/t·m is below.

Negative factors

  • 0.07 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.07”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

TRL-2026-439Fruta del Norte · silverGrade: 1.82Grade Unit: g/tIntercept: 52.45 mView all details
Link to this fact

Identity

Hole ID
TRL-2026-439
Project
Fruta del Norte
Commodity
silver
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
1.82
Grade Unit
g/t
Intercept
52.45 m
From
342.75 m
To
395.2 m
Intercept Depth
342.75 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
TRL-2026-439:342.75-395.2

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.82 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 95.5 g/t·m is below.

Negative factors

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

Evidence · table

“1.82”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

TRL-2026-439Fruta del Norte · molybdenumGrade: 14.84Grade Unit: ppmIntercept: 52.45 mView all details
Link to this fact

Identity

Hole ID
TRL-2026-439
Project
Fruta del Norte
Commodity
molybdenum
Region
ecuador
Reported Region
ecuador
Ticker
LUG

Geometry

Grade
14.84
Grade Unit
ppm
Intercept
52.45 m
From
342.75 m
To
395.2 m
Intercept Depth
342.75 m

Classification

Deposit Type
porphyry
Sample Type
drill
Group ID
TRL-2026-439:342.75-395.2

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
% Cu-Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-21T00:00:00.000Z

Reasoning: Expanded from assay table: 14.84 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“14.84”

Context: Including

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With seven porphyries now identified across our concessions, we are increasingly demonstrating the potential for a signi"

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.