# Minaurum Provides Adelita Update and Renews Marketing Agreements Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/minaurum-provides-adelita-update-and-renews-marketing-agreements--0d6245d1-d015-49f2-9bce-8273ffd7e03f Original source: https://money.tmx.com/en/quote/MGG/news/8131210074147219/minaurum-provides-adelita-update-and-renews-marketing-agreements Publisher: tmx Original announcement: 2025-09-03T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Minaurum Gold Inc. - Ticker: MGG - Exchange: TSX - Region: Sonora-Arizona Copper Belt - Primary commodity: Copper - Secondary commodities: Gold, Silver - Document categories: Drill results, Agreement transaction - Extracted: 2026-09-16 11:08:26 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Minaurum has entered an agreement with Kenadyr Metals to exchange its 20% interest in the Adelita Project for a 1% net smelter return \(NSR\) royalty and approximately $135,000 in shares. The company also renewed its marketing and communications agreements with Capital Analytica and NIA. Reasoning: The company is trading equity for a royalty stream, which de-risks the project's direct cost exposure while maintaining upside, alongside a summary of historical high-grade drill results. - Positive factor: Conversion of 20% project interest into a 1% NSR royalty - Positive factor: Receipt of shares worth ~$135,000 - Positive factor: High-grade skarn and porphyry drill results cited - Negative factor: Relinquishment of direct project ownership \(20% interest\) Facts used in scoring: 7 ## 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 states that Stephen R. Maynard, a Qualified Person, reviewed and verified the assay data. Evidence · text > reviewed and verified the assay data, and has approved the disclosure **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: The release reports CuEq grades for several holes but does not disclose the price or recovery assumptions used. Evidence · text > 20.6 m of 3.71% CuEq ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### CGDD-10-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-provides-adelita-update-and-renews-marketing-agreements--0d6245d1-d015-49f2-9bce-8273ffd7e03f#fact-drill-facts-0) Adelita · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: CGDD-10-001 - Project: Adelita - Commodity: copper - Region: usa\_az - Reported Region: usa\_az - Ticker: MGG #### Geometry - Grade: 1.97 - Grade Unit: % - Intercept: 16.2 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2010-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: 1.97% Cu is a strong intercept for a skarn system. - Positive factor: Strong copper grade for skarn Evidence · text > 16.2 metres of 1.97% Cu #### 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 ### CGDD-10-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-provides-adelita-update-and-renews-marketing-agreements--0d6245d1-d015-49f2-9bce-8273ffd7e03f#fact-drill-facts-1) Adelita · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: CGDD-10-001 - Project: Adelita - Commodity: gold - Region: usa\_az - Reported Region: usa\_az - Ticker: MGG #### Geometry - Grade: 0.84 - Grade Unit: g/t - Intercept: 16.2 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Group ID: CGDD-10-001:0-16.2 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2010-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Moderate gold grade accompanying copper. Evidence · text > 0.84 g/t Au #### 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 ### CGDD-10-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-provides-adelita-update-and-renews-marketing-agreements--0d6245d1-d015-49f2-9bce-8273ffd7e03f#fact-drill-facts-2) Adelita · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: CGDD-10-001 - Project: Adelita - Commodity: silver - Region: usa\_az - Reported Region: usa\_az - Ticker: MGG #### Geometry - Grade: 73 - Grade Unit: g/t - Intercept: 16.2 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Group ID: CGDD-10-001:0-16.2 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2010-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Significant silver credits. Evidence · text > 73 g/t Ag #### 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 ### AD-22-0018 [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-provides-adelita-update-and-renews-marketing-agreements--0d6245d1-d015-49f2-9bce-8273ffd7e03f#fact-drill-facts-3) Adelita · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: AD-22-0018 - Project: Adelita - Commodity: copper - Region: usa\_az - Reported Region: usa\_az - Ticker: MGG #### Geometry - Grade: 1.91 - Grade Unit: % - Intercept: 20.6 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Group ID: AD-22-0018:0-20.6 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Strong polymetallic intercept. - Positive factor: High grade and significant width Evidence · text > 20.60 m of 1.91% copper #### 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 ### AD-22-0018 [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-provides-adelita-update-and-renews-marketing-agreements--0d6245d1-d015-49f2-9bce-8273ffd7e03f#fact-drill-facts-4) Adelita · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: AD-22-0018 - Project: Adelita - Commodity: gold - Region: usa\_az - Reported Region: usa\_az - Ticker: MGG #### Geometry - Grade: 2 - Grade Unit: g/t - Intercept: 20.6 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Group ID: AD-22-0018:0-20.6 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: High grade gold in a copper intercept. - Positive factor: Strong gold grade Evidence · text > 2.00 g/t gold #### 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 ### AD-22-0018 [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-provides-adelita-update-and-renews-marketing-agreements--0d6245d1-d015-49f2-9bce-8273ffd7e03f#fact-drill-facts-5) Adelita · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: AD-22-0018 - Project: Adelita - Commodity: silver - Region: usa\_az - Reported Region: usa\_az - Ticker: MGG #### Geometry - Grade: 40.91 - Grade Unit: g/t - Intercept: 20.6 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Group ID: AD-22-0018:0-20.6 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Silver credits present. Evidence · text > 40.91 g/t silver #### 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 ### AD-22-0018 [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-provides-adelita-update-and-renews-marketing-agreements--0d6245d1-d015-49f2-9bce-8273ffd7e03f#fact-drill-facts-6) Adelita · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: AD-22-0018 - Project: Adelita - Commodity: copper - Region: usa\_az - Reported Region: usa\_az - Ticker: MGG #### Geometry - Grade: 3.71 - Grade Unit: % - Intercept: 20.6 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Group ID: AD-22-0018:0-20.6 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 3.71 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: High grade equivalent reported, but assumptions are missing. - Positive factor: High CuEq grade - Negative factor: Metal equivalent assumptions not disclosed Evidence · text > 20.6 m of 3.71% CuEq #### 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ## 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.