# Massive Sulphides at Fay Lake Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0 Original source: https://webfiles-primary.thecse.com/news_releases/en/5181/adb67545-db55-4284-be1e-3f0a45f59705 Publisher: cse Original announcement: 2026-09-22T05:42:25.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Boreal Gold Inc. - Ticker: BGLD - Exchange: CSE - Region: Manitoba - Primary commodity: Gold - Secondary commodities: Copper, Zinc, Silver - Document categories: Drill results - Extracted: 2026-09-22 07:27:49 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary Boreal Gold Inc. reported visual observations of massive and semi-massive sulphides from drilling at its Fay Lake Property in Manitoba. Drill holes FA-26-01 and FA-26-03 intersected sulphides, with a significant 10.05m interval in FA-26-01, but assays are pending for all new intercepts. The company also provided details on QA/QC procedures and mentioned historical rock samples with high gold grades from the area. Reasoning: Boreal Gold reported visual observations of massive and semi-massive sulphides in two drill holes at its Fay Lake Property, including a 10.05m intercept. While the presence of sulphides and quartz veining is positive, the lack of assay results means the economic significance is currently unknown. The company disclosed QA/QC procedures and QP sign-off, enhancing confidence in future results. However, one hole missed the target, and true widths are significantly less than downhole lengths. - Positive factor: Intersection of massive sulphides in multiple drill holes - Positive factor: Significant intercept length in FA-26-01 \(10.05m\) - Positive factor: Presence of quartz veining associated with sulphides - Positive factor: Proximity to known VMS and gold deposits - Positive factor: QA/QC protocols disclosed and certified lab used - Positive factor: QP sign-off - Negative factor: Assays are pending for all reported drill intercepts, limiting immediate impact assessment - Negative factor: True width is significantly less than core length \(55-60%\) - Negative factor: One hole \(FA-26-02\) intersected no sulphides due to diking - Negative factor: Historical Redwin deposit material was rejected for low copper Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 10 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes detailed QA/QC protocols, mentions a certified lab \(SRC Laboratories, ISO/IEC 17025:2017\), and has a QP sign-off. Evidence · text > The Company employs QA/QC protocol on all aspects of its analytical procedures. Core samples are sawn and one half of the NQ core is restored to the core boxes for future reference and one half sent for analysis. ... Sample preparation and analytical work is conducted at SRC laboratories in Saskatoon, Saskatchewan \(certification ISO/IEC 17025:2017\) utilizing the gravimetric overlimit analysis \(method Au 9\). **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Stephen L. Masson, M.Sc., P.Geo. is named as the 'Qualified Person' and confirmed visual descriptions and supervised the program. Evidence · text > Stephen L. Masson, M.Sc., P.Geo. is the “Qualified Person” as defined by NI 43-101 Standards of Disclosure for Mineral Projects for this property has confirmed the visual descriptions, supervised the Quality Control and all aspects of the exploration program. **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 width is 55-60% of the core length, indicating that the reported intercept lengths are apparent widths. Evidence · text > Please note that the true width is 55-60% of the core length. **VMS Deposit** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document explicitly refers to the Redwin horizon as a 'volcanogenic massive sulphide \(“VMS”\) horizon'. Evidence · text > These two drill holes at Fay Lake targeted the Redwin volcanogenic massive sulphide \(“VMS”\) horizon **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The property is described as contiguous with and positioned between Hudbay Mineral’s Vamp Lake deposit and Minnova’s Puffy Lake Gold Mine. Evidence · text > The property is contiguous with and positioned between Hudbay Mineral’s gold rich Vamp Lake Copper/Zinc volcanic massive sulphide deposit, 2 km to the south-east and Minnova’s Puffy Lake Gold Mine, one km to the north east. ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (10) ### FA-26-02 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-0) Fay Lake #### Identity - Hole ID: FA-26-02 - Project: Fay Lake - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade Unit: % - Hole Depth: 449 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Easting: 364579 - Northing: 6092821 - Azimuth: 12.44 ° - Dip: -60 ° - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: SRC Laboratories - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The drill hole failed to intersect the target sulphide horizon, indicating a miss and requiring further geological work to mitigate future drilling risks. - Negative factor: No sulphides intersected - Negative factor: Target horizon diked out Evidence · text > Drill hole FA-26-02, has presently not been logged in detail as no sulphides were intersected. From a cursory look at the geology of the hole, it appears that a large quartz phyric porphyry completely diked out the sulphide horizon #### 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 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-1) Fay Lake · copper #### Identity - Project: Fay Lake - Commodity: copper - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 0.5 - Grade Unit: % #### Classification - Deposit Type: vms - Program: exploration - Sample Type: bulk - Mining Method: unknown #### Location - Location: Redwin Deposit - Loc. Confidence: low - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Historical data indicates low copper grades that were rejected by a smelter, suggesting that copper may not be the primary economic driver for this deposit. - Negative factor: Low copper grade \(0.5%\) - Negative factor: Material rejected historically - Negative factor: Historical data Evidence · text > In 1932-33 three shipments totalling 229 tonnes of massive sulphides containing some chalcopyrite along with quartz vein material within or near the sulphides were sent from the Redwin Deposit of to Hudbay Mining and Smelting. The material assayed too low in copper \(0.5%\) and was rejected by HudBay #### 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 ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-2) Redwin Deposit · gold #### Identity - Project: Redwin Deposit - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 15 - Grade Unit: g/t #### Classification - Deposit Type: vms - Program: exploration - Sample Type: bulk - Mining Method: unknown #### Location - Loc. Confidence: low #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Historically high gold grades from bulk shipments are a positive indicator, suggesting the potential for economic gold mineralization, despite being very old data. - Positive factor: High historical gold grades \(15 g/t\) - Negative factor: Historical data - Negative factor: Bulk sample, not drill intercept Evidence · text > averaged up to 15 g/t gold in two shipments #### 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 ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-3) Redwin Deposit · gold #### Identity - Project: Redwin Deposit - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 4.5 - Grade Unit: g/t #### Classification - Deposit Type: vms - Program: exploration - Sample Type: bulk - Mining Method: unknown #### Location - Loc. Confidence: low #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Historically high gold grades from bulk shipments are a positive indicator, suggesting the potential for economic gold mineralization, despite being very old data. - Positive factor: High historical gold grades \(4.5 g/t\) - Negative factor: Historical data - Negative factor: Bulk sample, not drill intercept Evidence · text > and 4.5 g/t gold in a third. #### 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 ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-4) Koscielny Lake · gold #### Identity - Project: Koscielny Lake - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 9.7 - Grade Unit: g/t #### Classification - Program: exploration - Sample Type: surface - Mining Method: unknown #### Location - Location: Island Vein - Loc. Confidence: low - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: High historical gold grades from surface samples are a positive indicator, providing context for the ongoing drill program, but the results are not new. - Positive factor: High historical gold grade \(9.7 g/t\) - Positive factor: New drilling targeting this vein - Negative factor: Historical data - Negative factor: Surface sample, not drill intercept Evidence · text > Previously the Island Vein was sampled in the fall of 2025 and returned values of up to 9.7 g/t gold hosted by sulphide magnetite chert iron formation #### 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 ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-5) Fay Lake · copper #### Identity - Project: Fay Lake - Commodity: copper - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 1.24 - Grade Unit: % #### Classification - Deposit Type: vms - Program: exploration - Sample Type: surface - Group ID: 298692 - Mining Method: unknown #### Location - Location: shovel trench - Easting: 364579 - Northing: 6092821 - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Good historical copper grades from surface samples are a positive indicator, providing context for the ongoing drill program, but the results are not new. - Positive factor: Good historical copper grade from surface - Negative factor: Historical data - Negative factor: Surface sample, not drill intercept Evidence · text > Boreal Gold collected sample 298692 from the shovel trench in 2023 assaying 1.24% copper #### 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 ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-6) Fay Lake · zinc #### Identity - Project: Fay Lake - Commodity: zinc - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 0.56 - Grade Unit: % #### Classification - Deposit Type: vms - Program: exploration - Sample Type: surface - Group ID: 298692 - Mining Method: unknown #### Location - Location: shovel trench - Easting: 364579 - Northing: 6092821 - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Good historical zinc grades from surface samples are a positive indicator, providing context for the ongoing drill program, but the results are not new. - Positive factor: Good historical zinc grade from surface - Negative factor: Historical data - Negative factor: Surface sample, not drill intercept Evidence · text > 0.56% zinc #### 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 ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-7) Fay Lake · silver #### Identity - Project: Fay Lake - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 16 - Grade Unit: g/t #### Classification - Deposit Type: vms - Program: exploration - Sample Type: surface - Group ID: 298692 - Mining Method: unknown #### Location - Location: shovel trench - Easting: 364579 - Northing: 6092821 - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Good historical silver grades from surface samples are a positive indicator, providing context for the ongoing drill program, but the results are not new. - Positive factor: Good historical silver grade from surface - Negative factor: Historical data - Negative factor: Surface sample, not drill intercept Evidence · text > 16.0 g/t silver #### 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 ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-8) Fay Lake · gold #### Identity - Project: Fay Lake - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 146.9 - Grade Unit: g/t #### Classification - Deposit Type: vms - Program: exploration - Sample Type: surface - Group ID: 298693 - Mining Method: unknown #### Location - Location: shovel trench - Loc. Confidence: low - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: An exceptionally high historical gold grade from a surface sample is a strong positive indicator of bonanza-grade potential, providing context for the ongoing drill program, but the results are not new. - Positive factor: Exceptional historical gold grade \(146.9 g/t\) - Negative factor: Historical data - Negative factor: Surface sample, not drill intercept Evidence · text > sample 298693 assaying 146.9 g/t gold #### 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 ### Fact 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/massive-sulphides-at-fay-lake--d3c68869-8054-430d-b687-a35ec6711ab0#fact-drill-facts-9) Fay Lake · silver #### Identity - Project: Fay Lake - Commodity: silver - Region: canada\_mb - Reported Region: canada\_mb - Ticker: BGLD #### Geometry - Grade: 6.4 - Grade Unit: g/t #### Classification - Deposit Type: vms - Program: exploration - Sample Type: surface - Group ID: 298693 - Mining Method: unknown #### Location - Location: shovel trench - Loc. Confidence: low - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The presence of silver in historical surface samples is noted, but the grade is low and the data is historical, limiting its immediate impact. - Positive factor: Presence of silver in historical surface sample - Negative factor: Historical data - Negative factor: Surface sample, not drill intercept - Negative factor: Low silver grade Evidence · text > 6.4 g/t silver #### 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 ## 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.