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

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e

Original source: https://money.tmx.com/en/quote/LUG/news/6460656488034028/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t

Publisher: tmx

Original announcement: 2026-07-21T21:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: new\_porphyry\_discoveries

- Positive factor: expansion\_of\_existing\_deposit

- Positive factor: strong\_grade\_thickness\_products

- Positive factor: maiden\_resource\_estimate\_target

- Positive factor: qaqc\_disclosed

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

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

Facts used in scoring: 116

## Classification and evidence

No classification tags are available.

## Extracted facts

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

## Drill Results (116)

### SND-2025-413

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-0)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.24

Context: 200.75

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-413

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-1)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.02

Context: 200.75

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-413

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-2)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 1.82

Context: 200.75

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-413

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-3)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 65.12

Context: 200.75

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-413

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-4)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.48

Context: 30.10

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-413

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-5)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.03

Context: 30.10

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-413

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-6)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 5.17

Context: 30.10

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-413

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-7)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 102.88

Context: 30.10

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-414

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-8)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.24

Context: 403.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-414

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-9)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.08

Context: 403.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-414

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-10)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.73

Context: 403.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-414

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-11)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 14.15

Context: 403.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-414

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-12)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.32

Context: 89.10

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-414

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-13)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.08

Context: 89.10

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-414

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-14)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.88

Context: 89.10

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2025-414

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-15)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 20.62

Context: 89.10

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-D1

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-16)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.17

Context: 110.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-D1

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-17)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.05

Context: 110.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-D1

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-18)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.48

Context: 110.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-D1

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-19)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 14.11

Context: 110.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-430

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-20)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.21

Context: 439.60

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-430

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-21)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.05

Context: 439.60

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-430

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-22)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.95

Context: 439.60

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-430

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-23)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 15.97

Context: 439.60

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-430

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-24)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.45

Context: 127.15

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-430

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-25)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.13

Context: 127.15

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-430

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-26)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 1.45

Context: 127.15

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-430

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-27)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 13.50

Context: 127.15

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-434

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-28)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.22

Context: 535.45

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-434

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-29)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.03

Context: 535.45

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-434

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-30)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.91

Context: 535.45

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-434

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-31)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 28.66

Context: 535.45

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-434

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-32)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.30

Context: 91.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-434

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-33)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.05

Context: 91.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-434

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-34)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.90

Context: 91.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-434

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-35)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 38.19

Context: 91.00

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-438

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-36)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.18

Context: 233.20

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-438

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-37)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.02

Context: 233.20

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-438

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-38)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.98

Context: 233.20

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-438

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-39)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 22.93

Context: 233.20

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-438

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-40)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Positive factor: metal\_equivalent\_assumptions\_disclosed

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.27

Context: 42.85

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-438

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-41)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.03

Context: 42.85

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-438

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-42)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.83

Context: 42.85

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-438

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-43)

Fruta del Norte · molybdenum

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 26.22

Context: 42.85

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-467

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-44)

Fruta del Norte · copper

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.13

Context: 214.80

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-467

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-45)

Fruta del Norte · gold

#### 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 factor: new\_discovery\_potential

- Positive factor: good\_grade\_thickness

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.21

Context: 214.80

#### Tags used in scoring

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-467

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-46)

Fruta del Norte · silver

#### 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 factor: new\_discovery\_potential

- Negative factor: low\_grade

- Negative factor: apparent\_width\_only

- Negative factor: cutoff\_undisclosed

Evidence · table

> 0.71

Context: 214.80

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2026-467

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-47)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 10.86

Context: SND-2026-467

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-476

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-48)

Fruta del Norte · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-476

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-49)

Fruta del Norte · gold

#### 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 factor: 0.03 g/t gold is below the weak threshold \(0.15 g/t\) on the porphyry deposit band.

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-476

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-50)

Fruta del Norte · silver

#### 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 factor: 0.43 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-476

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-51)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 21.28

Context: SND-2026-476

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-52)

Fruta del Norte · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-53)

Fruta del Norte · gold

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-54)

Fruta del Norte · silver

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-55)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 48.55

Context: SND-2026-480

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-56)

Fruta del Norte · copper

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.36

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-57)

Fruta del Norte · gold

#### 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 factor: 0.05 g/t gold is below the weak threshold \(0.15 g/t\) on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.05

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-58)

Fruta del Norte · silver

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 3.16

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-59)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 93.79

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-60)

Fruta del Norte · copper

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.30

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-61)

Fruta del Norte · gold

#### 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 factor: 0.13 g/t gold is below the weak threshold \(0.15 g/t\) on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.13

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-62)

Fruta del Norte · silver

#### 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 factor: 0.86 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.86

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-480

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-63)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 9.97

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-481

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-64)

Fruta del Norte · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-481

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-65)

Fruta del Norte · gold

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-481

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-66)

Fruta del Norte · silver

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-481

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-67)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 34.72

Context: SND-2026-481

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-481

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-68)

Fruta del Norte · copper

#### 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 factor: 0.5 % copper is strong on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.50

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-481

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-69)

Fruta del Norte · gold

#### 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 factor: 0.09 g/t gold is below the weak threshold \(0.15 g/t\) on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.09

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-481

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-70)

Fruta del Norte · silver

#### 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 factor: 1.94 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.94

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-481

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-71)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 42.01

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-484

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-72)

Fruta del Norte · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-484

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-73)

Fruta del Norte · gold

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-484

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-74)

Fruta del Norte · silver

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-484

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-75)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 34.36

Context: SND-2026-484

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-484

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-76)

Fruta del Norte · copper

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.33

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-484

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-77)

Fruta del Norte · gold

#### 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 factor: 0.07 g/t gold is below the weak threshold \(0.15 g/t\) on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.07

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-484

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-78)

Fruta del Norte · silver

#### 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 factor: 1.31 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.31

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-484

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-79)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 14.22

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-486

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-80)

Fruta del Norte · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-486

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-81)

Fruta del Norte · gold

#### 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 factor: 0.03 g/t gold is below the weak threshold \(0.15 g/t\) on the porphyry deposit band.

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-486

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-82)

Fruta del Norte · silver

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-486

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-83)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 8.05

Context: SND-2026-486

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-498

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-84)

Fruta del Norte · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-498

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-85)

Fruta del Norte · gold

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-498

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-86)

Fruta del Norte · silver

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-498

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-87)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 9.97

Context: SND-2026-498

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-498

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-88)

Fruta del Norte · copper

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.26

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-498

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-89)

Fruta del Norte · gold

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.14

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-498

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-90)

Fruta del Norte · silver

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.90

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-498

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-91)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 8.74

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-502

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-92)

Fruta del Norte · copper

#### 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 factor: 0.42 % copper is strong on the porphyry deposit band.

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-502

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-93)

Fruta del Norte · gold

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-502

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-94)

Fruta del Norte · silver

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-502

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-95)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 17.05

Context: SND-2026-502

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-502

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-96)

Fruta del Norte · copper

#### 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 factor: 0.51 % copper is strong on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.51

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-502

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-97)

Fruta del Norte · gold

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.11

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-502

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-98)

Fruta del Norte · silver

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.71

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-502

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-99)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 14.14

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-510

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-100)

Fruta del Norte · copper

#### 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 factor: 0.38 % copper is strong on the porphyry deposit band.

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-510

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-101)

Fruta del Norte · gold

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-510

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-102)

Fruta del Norte · silver

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-510

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-103)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 39.06

Context: SND-2026-510

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-510

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-104)

Fruta del Norte · copper

#### 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 factor: 0.45 % copper is strong on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.45

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-510

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-105)

Fruta del Norte · gold

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.08

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-510

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-106)

Fruta del Norte · silver

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.38

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-510

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-107)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 34.05

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-439

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-108)

Fruta del Norte · copper

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-439

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-109)

Fruta del Norte · gold

#### 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 factor: 0.05 g/t gold is below the weak threshold \(0.15 g/t\) on the porphyry deposit band.

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-439

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-110)

Fruta del Norte · silver

#### 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 factor: 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 Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-439

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-111)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 19.20

Context: TRL-2026-439

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-439

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-112)

Fruta del Norte · copper

#### 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 factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.31

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-439

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-113)

Fruta del Norte · gold

#### 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 factor: 0.07 g/t gold is below the weak threshold \(0.15 g/t\) on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.07

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-439

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-114)

Fruta del Norte · silver

#### 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 factor: 1.82 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 1.82

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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-2026-439

[Link to this fact](https://atlas-extractions.minestarters.com/news/lundin-gold-discovers-two-new-copper-gold-porphyries-increasing-district-total-t--974a434f-fe44-4d8a-a76d-6e98b001d44e#fact-drill-facts-115)

Fruta del Norte · molybdenum

#### 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 factor: No grade rubric for molybdenum; intercept not scored.

Evidence · table

> 14.84

Context: Including

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: 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.
