Monarch Gold to Assess Wasamac Property Silver Potential

Original announcement by tmx on

Company
MONARCH GOLD CORPORATION
Ticker
MQR
Exchange
TSX
Region
Quebec, Canada
Primary commodity
Silver
Secondary commodities
Gold
Document categories
Drill results, Resource update
Extracted
2026-09-18 11:21:13 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Monarch Gold is initiating an internal review of its Wasamac gold property to assess the potential for silver credits, following a significant increase in silver prices. The review will re-evaluate historical drill results from 2012 and the 2018 feasibility study, which previously did not account for silver in its economic analysis. The company aims to define the silver content and potentially add value to the project.

Reasoning: Monarch Gold is undertaking an internal review of historical drill results and a 2018 feasibility study to assess the silver potential at its Wasamac property, driven by recent increases in silver prices. While the drill results and resource estimates are historical, the initiative to re-evaluate silver credits could add value to the project.

Positive factors

  • Re-evaluation of historical data could unlock previously unrecognised value.
  • Strong silver market provides a new economic incentive for re-assessment.

Negative factors

  • No new drill results or resource estimates are presented in this announcement.
  • The economic potential of silver is still under review and not yet quantified.

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

Facts used in scoring: 23

Classification and evidence

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The document re-announces drill results from the 2012 drilling program and refers to a 2018 feasibility study, indicating a re-evaluation of existing data rather than new assays.

Evidence · text

“Significant silver mineralization was identified in the Wasamac gold property shear zone during the 2012 drilling and resampling programs.”

QA/QC Disclosedpositive

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

Why it applies: The release includes details on QA/QC procedures, including sample collection, insertion of standards and blanks, and verification by multiple laboratories.

Evidence · text

“Monarch has a quality control program to comply with common industry best practices for sampling and analysis. Samples are collected from drill core from a range of 50 centimetres to 100 centimetres in length. Half-core samples are submitted for analysis. Standards and blanks are inserted every 20 samples. Monarch utilizes high quality laboratory services.”

QP/CP Signedpositive

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: The technical content of the press release has been reviewed and approved by a Qualified Person under NI 43-101.

Evidence · text

“The technical and scientific content of this press release has been reviewed and approved by Louis Martin, P.Geo., the Corporation's qualified person under National Instrument 43-101.”

Apparent Width Onlynegative

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

Why it applies: The reported widths are core lengths, with true width estimated as a range rather than a specific value.

Evidence · text

“The width shown is the core length. True width is estimated to be 75-100% of the core length.”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The resource and reserve estimates are from a 2018 feasibility study, making them over two years old.

Evidence · text

“The 2018 Wasamac feasibility report stated that metallurgical testwork and drill core assays had shown that all mineralized zones at Wasamac contain variable amounts of silver”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The resource estimate is stated to be compliant with National Instrument 43-101.

Evidence · text

“Louis Martin, P.Geo., the Corporation's qualified person under National Instrument 43-101.”

Extracted facts

Stored fact records: 23. Some facts used in scoring do not have a stored record.

Drill Results (22)

WS-10-27Wasamac · silverGrade: 10.72Grade Unit: g/tIntercept: 10.2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-27
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
10.72
Grade Unit
g/t
Intercept
10.2 m
From
739 m
To
749.2 m
Intercept Depth
739 m

Classification

Sample Type
drill
Group ID
WS-10-27:739-749.2

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept shows a good grade over a moderate width, contributing to the overall silver potential being re-evaluated.

Positive factors

  • High silver grade for a historical intercept.
  • Good intercept length.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“10.72”

Context: 10.2

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-27Wasamac · goldGrade: 4.89Grade Unit: g/tIntercept: 10.2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-27
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
4.89
Grade Unit
g/t
Intercept
10.2 m
From
739 m
To
749.2 m
Intercept Depth
739 m

Classification

Sample Type
drill
Group ID
WS-10-27:739-749.2

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept shows a good grade over a moderate width, supporting the primary gold mineralization of the project.

Positive factors

  • Good gold grade for a historical intercept.
  • Good intercept length.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“4.89”

Context: 10.2

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-31Wasamac · silverGrade: 7.91Grade Unit: g/tIntercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-31
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
7.91
Grade Unit
g/t
Intercept
8 m
From
319 m
To
327 m
Intercept Depth
319 m

Classification

Sample Type
drill
Group ID
WS-10-31:319-327

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept contributes to the overall silver potential being re-evaluated.

Positive factors

  • Solid silver grade over a reasonable width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“7.91”

Context: 8.0

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-31Wasamac · goldGrade: 4.03Grade Unit: g/tIntercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-31
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
4.03
Grade Unit
g/t
Intercept
8 m
From
319 m
To
327 m
Intercept Depth
319 m

Classification

Sample Type
drill
Group ID
WS-10-31:319-327

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Solid gold grade over a reasonable width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“4.03”

Context: 8.0

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-37Wasamac · silverGrade: 7.29Grade Unit: g/tIntercept: 9.17 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-37
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
7.29
Grade Unit
g/t
Intercept
9.17 m
From
534.23 m
To
543.4 m
Intercept Depth
534.23 m

Classification

Sample Type
drill
Group ID
WS-10-37:534.23-543.4

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept contributes to the overall silver potential being re-evaluated.

Positive factors

  • Solid silver grade over a reasonable width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“7.29”

Context: 9.17

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-37Wasamac · goldGrade: 6.14Grade Unit: g/tIntercept: 9.17 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-37
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
6.14
Grade Unit
g/t
Intercept
9.17 m
From
534.23 m
To
543.4 m
Intercept Depth
534.23 m

Classification

Sample Type
drill
Group ID
WS-10-37:534.23-543.4

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Good gold grade over a reasonable width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“6.14”

Context: 9.17

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-38Wasamac · silverGrade: 8.7Grade Unit: g/tIntercept: 5.58 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-38
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
8.7
Grade Unit
g/t
Intercept
5.58 m
From
643.42 m
To
649 m
Intercept Depth
643.42 m

Classification

Sample Type
drill
Group ID
WS-10-38:643.42-649

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept contributes to the overall silver potential being re-evaluated.

Positive factors

  • Solid silver grade over a moderate width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“8.70”

Context: 5.58

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-38Wasamac · goldGrade: 3.64Grade Unit: g/tIntercept: 5.58 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-38
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
3.64
Grade Unit
g/t
Intercept
5.58 m
From
643.42 m
To
649 m
Intercept Depth
643.42 m

Classification

Sample Type
drill
Group ID
WS-10-38:643.42-649

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Solid gold grade over a moderate width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“3.64”

Context: 5.58

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-38BWasamac · silverGrade: 11.86Grade Unit: g/tIntercept: 4.1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-38B
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
11.86
Grade Unit
g/t
Intercept
4.1 m
From
651.4 m
To
655.5 m
Intercept Depth
651.4 m

Classification

Sample Type
drill
Group ID
WS-10-38B:651.4-655.5

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept shows a high grade over a moderate width, contributing to the overall silver potential being re-evaluated.

Positive factors

  • High silver grade for a historical intercept.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“11.86”

Context: 4.1

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-38BWasamac · goldGrade: 3.92Grade Unit: g/tIntercept: 4.1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-38B
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
3.92
Grade Unit
g/t
Intercept
4.1 m
From
651.4 m
To
655.5 m
Intercept Depth
651.4 m

Classification

Sample Type
drill
Group ID
WS-10-38B:651.4-655.5

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Solid gold grade over a moderate width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“3.92”

Context: 4.1

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-38BWasamac · silverGrade: 5.68Grade Unit: g/tIntercept: 10.55 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-38B
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
5.68
Grade Unit
g/t
Intercept
10.55 m
From
682.75 m
To
693.3 m
Intercept Depth
682.75 m

Classification

Sample Type
drill
Group ID
WS-10-38B:682.75-693.3

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept contributes to the overall silver potential being re-evaluated.

Positive factors

  • Solid silver grade over a good width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“5.68”

Context: 10.55

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-38BWasamac · goldGrade: 2.41Grade Unit: g/tIntercept: 10.55 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-38B
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
2.41
Grade Unit
g/t
Intercept
10.55 m
From
682.75 m
To
693.3 m
Intercept Depth
682.75 m

Classification

Sample Type
drill
Group ID
WS-10-38B:682.75-693.3

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Solid gold grade over a good width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“2.41”

Context: 10.55

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-46Wasamac · silverGrade: 11.36Grade Unit: g/tIntercept: 4.1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-46
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
11.36
Grade Unit
g/t
Intercept
4.1 m
From
565.4 m
To
569.5 m
Intercept Depth
565.4 m

Classification

Sample Type
drill
Group ID
WS-10-46:565.4-569.5

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept shows a high grade over a moderate width, contributing to the overall silver potential being re-evaluated.

Positive factors

  • High silver grade for a historical intercept.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“11.36”

Context: 4.1

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-10-46Wasamac · goldGrade: 3.44Grade Unit: g/tIntercept: 4.1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-10-46
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
3.44
Grade Unit
g/t
Intercept
4.1 m
From
565.4 m
To
569.5 m
Intercept Depth
565.4 m

Classification

Sample Type
drill
Group ID
WS-10-46:565.4-569.5

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Solid gold grade over a moderate width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“3.44”

Context: 4.1

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-11-112Wasamac · silverGrade: 6.23Grade Unit: g/tIntercept: 4.8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-11-112
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
6.23
Grade Unit
g/t
Intercept
4.8 m
From
908.18 m
To
912.98 m
Intercept Depth
908.18 m

Classification

Sample Type
drill
Group ID
WS-11-112:908.18-912.98

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept contributes to the overall silver potential being re-evaluated.

Positive factors

  • Solid silver grade over a moderate width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“6.23”

Context: 4.8

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-11-112Wasamac · goldGrade: 2.45Grade Unit: g/tIntercept: 4.8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-11-112
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
2.45
Grade Unit
g/t
Intercept
4.8 m
From
908.18 m
To
912.98 m
Intercept Depth
908.18 m

Classification

Sample Type
drill
Group ID
WS-11-112:908.18-912.98

Location

Location
Zone 1
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Moderate gold grade over a moderate width.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“2.45”

Context: 4.8

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-11-65Wasamac · silverGrade: 7.01Grade Unit: g/tIntercept: 75.9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-11-65
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
7.01
Grade Unit
g/t
Intercept
75.9 m
From
717 m
To
792.9 m
Intercept Depth
717 m

Classification

Sample Type
drill
Group ID
WS-11-65:717-792.9

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept represents a significant width and grade, making it a key component of the silver potential re-evaluation.

Positive factors

  • Strong silver grade over an exceptional width for a historical intercept.
  • This is highlighted as one of the 'best silver values' in the document.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“7.01”

Context: 75.9

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-11-65Wasamac · goldGrade: 3.06Grade Unit: g/tIntercept: 75.9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-11-65
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
3.06
Grade Unit
g/t
Intercept
75.9 m
From
717 m
To
792.9 m
Intercept Depth
717 m

Classification

Sample Type
drill
Group ID
WS-11-65:717-792.9

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept shows a good grade over a significant width, supporting the primary gold mineralization of the project.

Positive factors

  • Good gold grade over an exceptional width for a historical intercept.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“3.06”

Context: 75.9

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-11-74AWasamac · silverGrade: 5.71Grade Unit: g/tIntercept: 22.75 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-11-74A
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
5.71
Grade Unit
g/t
Intercept
22.75 m
From
786.95 m
To
809.7 m
Intercept Depth
786.95 m

Classification

Sample Type
drill
Group ID
WS-11-74A:786.95-809.7

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept contributes to the overall silver potential being re-evaluated.

Positive factors

  • Solid silver grade over a strong width for a historical intercept.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“5.71”

Context: 22.75

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-11-74AWasamac · goldGrade: 2.68Grade Unit: g/tIntercept: 22.75 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-11-74A
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
2.68
Grade Unit
g/t
Intercept
22.75 m
From
786.95 m
To
809.7 m
Intercept Depth
786.95 m

Classification

Sample Type
drill
Group ID
WS-11-74A:786.95-809.7

Location

Location
Zone 2
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Solid gold grade over a strong width for a historical intercept.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“2.68”

Context: 22.75

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-11-66AWasamac · silverGrade: 6.2Grade Unit: g/tIntercept: 12.8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-11-66A
Project
Wasamac
Commodity
silver
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
6.2
Grade Unit
g/t
Intercept
12.8 m
From
508.2 m
To
521 m
Intercept Depth
508.2 m

Classification

Sample Type
drill
Group ID
WS-11-66A:508.2-521

Location

Location
Main
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical silver intercept contributes to the overall silver potential being re-evaluated.

Positive factors

  • Solid silver grade over a good width for a historical intercept.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“6.20”

Context: 12.8

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

WS-11-66AWasamac · goldGrade: 3.14Grade Unit: g/tIntercept: 12.8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
WS-11-66A
Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
canada_qc
Ticker
MQR

Geometry

Grade
3.14
Grade Unit
g/t
Intercept
12.8 m
From
508.2 m
To
521 m
Intercept Depth
508.2 m

Classification

Sample Type
drill
Group ID
WS-11-66A:508.2-521

Location

Location
Main
Loc. Source
document

QA/QC

Laboratory
Expert Laboratory and Accurassay Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical gold intercept supports the primary gold mineralization of the project.

Positive factors

  • Solid gold grade over a good width for a historical intercept.

Negative factors

  • Results are historical and not new data.
  • True width is an estimate, not precisely stated.

Evidence · table

“3.14”

Context: 12.8

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Resource Estimates (1)

probableWasamac · goldContained Metal: 1.8Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Wasamac
Commodity
gold
Region
canada_qc
Reported Region
Quebec, Canada
Ticker
MQR

Resource scope

Estimate type
reserve
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Louis Martin
Resource group id
resource:bf998669622c7f333846
Deposit or zone
Wasamac

Resource Data

Category
probable
Contained Metal
1.8
Contained Unit
moz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2020-09-10T00:00:00.000Z

Reasoning: This historical Proven and Probable reserve provides a baseline for the project's economic viability based on gold, which is now being re-evaluated for additional silver value.

Positive factors

  • Significant contained gold in the Proven and Probable categories.
  • Estimate is NI 43-101 compliant and QP signed.

Negative factors

  • Estimate is historical (from 2018) and not new.
  • No effective date for the reserve is provided in this document.

Evidence · text

“includes proven and probable reserves of 1.8 million ounces of gold”

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

DFS-Supportingneutral

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

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.