# Minnova Corp. PL Gold Mine Re-Start Plan, In-Fill Drill Program Update, and Option Grant Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/minnova-corp-pl-gold-mine-re-start-plan-in-fill-drill-program-update-and-option--518a02cf-3942-421f-bd70-07ce29612c67 Original source: https://money.tmx.com/en/quote/MCI/news/7137825189691818/minnova-corp-pl-gold-mine-re-start-plan-in-fill-drill-program-update-and-option- Publisher: tmx Original announcement: 2025-10-21T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Minnova Corp. - Ticker: MCI - Exchange: TSX - Region: Manitoba - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-14 11:06:53 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Minnova Corp. has announced a restart plan for the PL Gold Mine, transitioning from open pit to underground mining. The company plans to complete a Preliminary Economic Assessment \(PEA\) by Q1 2026 and has expanded its current infill drilling program to 15,000 meters. Reasoning: The company is outlining a restart plan for the PL Gold Mine, including upcoming economic studies and an expanded infill drilling program to support resource updates. - Positive factor: Planned transition from open pit to underground mining - Positive factor: Upcoming PEA and MRE updates using higher gold price assumption \($2,500/oz\) - Positive factor: Expansion of drill program to 15,000m - Positive factor: Engagement of AECOM for permitting support - Negative factor: Reliance on historical resource data \(2017\) for current planning Facts used in scoring: 2 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document discusses upcoming MRE updates and a PEA to support the restart plan. Evidence · text > The PEA will be based on an updated Mineral Resource Estimate \("MRE"\) **Infill Drilling** Polarity: neutral Story-specific tag Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The company is currently executing an infill drill program to achieve sub-25m spacing. Evidence · text > The current infill drill program is well underway ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/minnova-corp-pl-gold-mine-re-start-plan-in-fill-drill-program-update-and-option--518a02cf-3942-421f-bd70-07ce29612c67#fact-resource-facts-0) PL Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: PL Gold Mine - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: MCI #### Resource scope - Estimate type: resource - Resource group id: resource:7df323e46d311c961155 - Deposit or zone: PL Gold Mine - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1481000 - Grade: 5.93 - Grade Unit: g/t - Contained Metal: 282500 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2017-11-01T00:00:00.000Z #### Dates - Event date: 2025-10-21T00:00:00.000Z Reasoning: Historical Measured and Indicated resource stated for comparison. Evidence · text > The existing MRE \(dated November 1, 2017\) estimated Measured and Indicated mineral resources of 282,500 ounces of gold in 1,481,000 tonnes grading 5.93 g/t gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 8.0 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minnova-corp-pl-gold-mine-re-start-plan-in-fill-drill-program-update-and-option--518a02cf-3942-421f-bd70-07ce29612c67#fact-resource-facts-1) PL Gold Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: PL Gold Mine - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: MCI #### Resource scope - Estimate type: resource - Resource group id: resource:01c69619a92a2fc96c22 - Deposit or zone: PL Gold Mine - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1846000 - Grade: 5.08 - Grade Unit: g/t - Contained Metal: 301700 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2017-11-01T00:00:00.000Z #### Dates - Event date: 2025-10-21T00:00:00.000Z Reasoning: Historical Inferred resource stated for comparison. Evidence · text > Inferred mineral resources of 301,700 ounces of gold in 1,846,000 tonnes grading 5.08 g/t gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 8.0 years before this release ## 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.