# Magnum Goldcorp Inc. Provides Initial LH Property Exploration Update

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c

Original source: https://money.tmx.com/en/quote/MGI/news/7660332704041756/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update

Publisher: tmx

Original announcement: 2022-07-04T17:41:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Magnum Goldcorp Inc.

- Ticker: MGI

- Exchange: TSX

- Region: British Columbia

- Primary commodity: Gold

- Secondary commodities: Iron ore

- Document categories: Drill results

- Extracted: 2026-09-16 11:14:16 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Magnum Goldcorp Inc. has completed a 7-hole diamond drill program at its LH Property in British Columbia. While assay results are still pending, the company reported several significant mineralized intercepts containing semi-massive to massive pyrrhotite and arsenopyrite.

Reasoning: The release reports qualitative mineralized intercepts from a new drill program. While no grades are provided, the presence of significant widths and massive sulphides is a positive exploration signal, though the lack of assays limits immediate confidence.

- Positive factor: significant width of mineralized intercepts

- Positive factor: presence of semi-massive to massive pyrrhotite and arsenopyrite

- Negative factor: no assay results available yet

- Negative factor: true width not known at this time

Facts used in scoring: 8

## Classification and evidence

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: The release does not disclose specific QA/QC protocols or lab certification for the 2022 program, only stating samples will be submitted.

Evidence · text

> Samples taken will be submitted for analysis shortly

**Apparent Width Only**

Polarity: negative

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

Why it applies: The document explicitly states that true widths are not known at this time for the 2022 intercepts.

Evidence · text

> note: true width not known at this time

## Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

## Drill Results (8)

### LH 22-50

[Link to this fact](https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c#fact-drill-facts-0)

LH · gold

#### Identity

- Hole ID: LH 22-50
- Project: LH
- Commodity: gold
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: MGI

#### Geometry

- Intercept: 1.5 m
- Hole Depth: 3 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Review

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

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Intercept is qualitative and less than 1.5m.

- Negative factor: no assay results available

Evidence · table

> &lt; 1.5 m each

Context: LH 22-50

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### LH 22-52

[Link to this fact](https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c#fact-drill-facts-1)

LH · gold

#### Identity

- Hole ID: LH 22-52
- Project: LH
- Commodity: gold
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: MGI

#### Geometry

- Intercept: 3 m
- From: 30.8 m
- To: 33.8 m
- Hole Depth: 3 m
- Intercept Depth: 30.8 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LH 22-52:30.8-33.8

#### Review

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

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Qualitative intercept reported without grade.

- Negative factor: no assay results available

Evidence · table

> 3.0

Context: 30.80 - 33.80 m \(3.0 m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### LH 22-52

[Link to this fact](https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c#fact-drill-facts-2)

LH · gold

#### Identity

- Hole ID: LH 22-52
- Project: LH
- Commodity: gold
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: MGI

#### Geometry

- Intercept: 24.95 m
- From: 43.05 m
- To: 68 m
- Hole Depth: 3 m
- Intercept Depth: 43.05 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LH 22-52:43.05-68

#### Review

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

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Significant width reported qualitatively.

- Positive factor: significant width

- Negative factor: no assay results available

Evidence · table

> 24.95

Context: 43.05 - 68.00 m \(24.95 m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### LH 22-53

[Link to this fact](https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c#fact-drill-facts-3)

LH · gold

#### Identity

- Hole ID: LH 22-53
- Project: LH
- Commodity: gold
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: MGI

#### Geometry

- Intercept: 8.34 m
- From: 33.22 m
- To: 41.56 m
- Hole Depth: 8.34 m
- Intercept Depth: 33.22 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LH 22-53:33.22-41.56

#### Review

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

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Qualitative intercept reported without grade.

- Negative factor: no assay results available

Evidence · table

> 8.34

Context: 33.22 - 41.56 m \(8.34 m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### LH 22-55

[Link to this fact](https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c#fact-drill-facts-4)

LH · gold

#### Identity

- Hole ID: LH 22-55
- Project: LH
- Commodity: gold
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: MGI

#### Geometry

- Intercept: 39.08 m
- From: 205.54 m
- To: 244.62 m
- Hole Depth: 39.08 m
- Intercept Depth: 205.54 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LH 22-55:205.54-244.62

#### Review

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

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Very wide qualitative intercept.

- Positive factor: significant width

- Negative factor: no assay results available

Evidence · table

> 39.08

Context: 205.54 - 244.62 m \(39.08 m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### LH 22-56

[Link to this fact](https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c#fact-drill-facts-5)

LH · gold

#### Identity

- Hole ID: LH 22-56
- Project: LH
- Commodity: gold
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: MGI

#### Geometry

- Intercept: 3.81 m
- From: 10.94 m
- To: 14.75 m
- Hole Depth: 3.81 m
- Intercept Depth: 10.94 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LH 22-56:10.94-14.75

#### Review

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

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Qualitative intercept reported without grade.

- Negative factor: no assay results available

Evidence · table

> 3.81

Context: 10.94 - 14.75 m \(3.81 m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### LH 22-56

[Link to this fact](https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c#fact-drill-facts-6)

LH · gold

#### Identity

- Hole ID: LH 22-56
- Project: LH
- Commodity: gold
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: MGI

#### Geometry

- Intercept: 5.77 m
- From: 24.45 m
- To: 30.22 m
- Hole Depth: 3.81 m
- Intercept Depth: 24.45 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LH 22-56:24.45-30.22

#### Review

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

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Qualitative intercept reported without grade.

- Negative factor: no assay results available

Evidence · table

> 5.77

Context: 24.45 - 30.22 m \(5.77 m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### LH 22-56

[Link to this fact](https://atlas-extractions.minestarters.com/news/magnum-goldcorp-inc-provides-initial-lh-property-exploration-update--488318d6-acee-4f8b-abe9-2db0630a565c#fact-drill-facts-7)

LH · gold

#### Identity

- Hole ID: LH 22-56
- Project: LH
- Commodity: gold
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: MGI

#### Geometry

- Intercept: 10.53 m
- From: 215.5 m
- To: 226.03 m
- Hole Depth: 3.81 m
- Intercept Depth: 215.5 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: LH 22-56:215.5-226.03

#### Review

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

#### Dates

- Event date: 2022-07-04T00:00:00.000Z

Reasoning: Significant width reported qualitatively.

- Positive factor: significant width

- Negative factor: no assay results available

Evidence · table

> 10.53

Context: 215.50 - 226.03 m \(10.53 m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
