Murchison Minerals Intersects High-Grade Copper-Zinc Mineralization in Backpack Drillholes at BMK Deposit - Diamond Drill Program To Commence Early October

Original announcement by tmx on

Company
Murchison Minerals Ltd.
Ticker
MUR
Exchange
TSX
Region
Saskatchewan
Primary commodity
Copper
Secondary commodities
Zinc, Silver, Lead, Gold
Document categories
Resource update, Drill results, Other
Extracted
2026-09-12 15:26:30 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Murchison Minerals announced early results from its 2025 exploration program at the BMK VMS Project in Saskatchewan, reporting visual high-grade copper-zinc mineralization from six backpack drillholes, with assays pending. A diamond drilling program is scheduled to commence in early October to expand shallow mineralization. The release also includes a detailed summary of the project's 2018 NI 43-101 compliant mineral resource estimate.

Reasoning: The announcement reports new backpack drilling with visual high-grade copper-zinc mineralization, but the lack of assay results significantly reduces the immediate impact and novelty. The detailed resource information is historical, and while a diamond drill program is planned, it represents future work rather than current results.

Positive factors

  • Visual high-grade copper-zinc mineralization identified in new backpack drillholes, expanding the surficial footprint.
  • A diamond drilling program is scheduled to commence in early October, targeting shallow extensions.
  • The project is located in Saskatchewan, a top-ranked mining jurisdiction.

Negative factors

  • No assay results are reported for the backpack drillholes; 'high-grade' is based on visual estimates and XRF only, not laboratory assays.
  • The detailed mineral resource estimate provided is historical (effective date September 4, 2018) and does not represent new information.
  • The resource estimate has a low Measured and Indicated (M&I) confidence, with only 21.6% in these categories.
  • Some historical data is noted as unverified and potentially unverifiable, cautioning against undue reliance.

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

Facts used in scoring: 54

Classification and evidence

No Assay Resultsnegative · Story-specific tag

No canonical definition is currently available.

Why it applies: The backpack drillholes identified visual high-grade copper-zinc mineralization, but the release explicitly states 'assays are pending' and 'grades, widths, and continuity can only be confirmed by independent laboratory analyses'.

Evidence · text

“Backpack drilling: To date, the Company has successfully completed six backpack drillholes at the BMK Deposit, all of which intersected near surface high-grade 1 copper-zinc mineralization (Figures 2 & 3) in outcrops and subcrops, assays are pending.”

QA/QC Disclosedpositive

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

Why it applies: The release mentions that samples have been submitted to SRC Geoanalytical Laboratories and results will be validated through the Company's QA/QC procedures, and a Qualified Person has reviewed the disclosures.

Evidence · text

“All samples have been submitted to SRC Geoanalytical Laboratories (Saskatoon, SK), and results will be disclosed once available and validated through the Company's QA/QC procedures. ... The foregoing scientific and technical disclosures on the BMK Project have been reviewed by John Shmyr, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Shmyr is a Qualified Person as defined by 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 backpack drillholes report a 'Length (m)' but no true width or drill orientation relative to mineralization is provided.

Evidence · table

“Length (m)”

Context: BP-BM-25-001

NI 43-101 Compliantpositive

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

Why it applies: The mineral resource estimate for the Brabant-McKenzie VMS Deposit was prepared by an independent qualified person and is stated to be NI 43-101 compliant.

Evidence · text

“The above mineral resource estimate for the Brabant-McKenzie VMS Deposit was prepared by an independent qualified person ("QP") Finley Bakker, P. Geo., and has an effective date of September 4, 2018. The NI 43-101 Technical Report named Technical Report on the Resource Estimate Update for the Brabant-McKenzie Property, Brabant Lake, Saskatchewan is available on the Company's website and on SEDAR.”

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 mineral resource estimate was prepared by an independent qualified person, Finley Bakker, P. Geo.

Evidence · text

“The above mineral resource estimate for the Brabant-McKenzie VMS Deposit was prepared by an independent qualified person ("QP") Finley Bakker, P. Geo.”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A significant portion of the resource (7.6 Mt out of 9.7 Mt total) is classified as Inferred, which is a speculative category.

Evidence · table

“Inferred Resources”

Context: 7,600,000

Stale Estimatenegative

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

Why it applies: The effective date of the mineral resource estimate is September 4, 2018, making it over 7 years old at the time of this October 2025 announcement.

Evidence · text

“The above mineral resource estimate for the Brabant-McKenzie VMS Deposit was prepared by an independent qualified person ("QP") Finley Bakker, P. Geo., and has an effective date of September 4, 2018.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The Net Smelter Return (NSR) cut-off of $90/tonne and a 3.5% zinc equivalent cut-off are disclosed for the resource estimate.

Evidence · text

“A Net Smelter Return (NSR) cut-off of $90/tonne and a 3.5% zinc equivalent based on above metal prices and an average recovery of 75% for all metals.”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document presents a summary of the 2018 Mineral Resource Summary for the BMK VMS Deposit.

Evidence · table

“Table 1: BMK VMS Deposit - 2018 Mineral Resource Summary”

Context: Indicated Resources

Extracted facts

Stored fact records: 54. Some facts used in scoring do not have a stored record.

Drill Results (12)

BP-BM-25-001BMK VMS · copperIntercept: 2.52 mView all details
Link to this fact

Identity

Hole ID
BP-BM-25-001
Project
BMK VMS
Commodity
copper
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
2.52 m
Hole Depth
2.52 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
581105
Northing
6221106
CRS
NAD83 UTM Zone 13N
Elevation
388 m
Azimuth
127 °
Dip
-62 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual copper mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“BP-BM-25-001”

Context: 581105

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

BP-BM-25-001BMK VMS · zincIntercept: 2.52 mView all details
Link to this fact

Identity

Hole ID
BP-BM-25-001
Project
BMK VMS
Commodity
zinc
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
2.52 m
Hole Depth
2.52 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
581105
Northing
6221106
CRS
NAD83 UTM Zone 13N
Elevation
388 m
Azimuth
127 °
Dip
-62 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual zinc mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“BP-BM-25-001”

Context: 581105

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT07221607BMK VMS · copperIntercept: 1.57 mView all details
Link to this fact

Identity

Hole ID
NT07221607
Project
BMK VMS
Commodity
copper
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
1.57 m
Hole Depth
1.57 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
581112
Northing
6221112
CRS
NAD83 UTM Zone 13N
Elevation
388 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual copper mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT07221607”

Context: 581112

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT07221607BMK VMS · zincIntercept: 1.57 mView all details
Link to this fact

Identity

Hole ID
NT07221607
Project
BMK VMS
Commodity
zinc
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
1.57 m
Hole Depth
1.57 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
581112
Northing
6221112
CRS
NAD83 UTM Zone 13N
Elevation
388 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual zinc mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT07221607”

Context: 581112

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT07231612BMK VMS · copperIntercept: 2.12 mView all details
Link to this fact

Identity

Hole ID
NT07231612
Project
BMK VMS
Commodity
copper
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
2.12 m
Hole Depth
2.12 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
581127
Northing
6221140
CRS
NAD83 UTM Zone 13N
Elevation
388 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual copper mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT07231612”

Context: 581127

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT07231612BMK VMS · zincIntercept: 2.12 mView all details
Link to this fact

Identity

Hole ID
NT07231612
Project
BMK VMS
Commodity
zinc
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
2.12 m
Hole Depth
2.12 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
581127
Northing
6221140
CRS
NAD83 UTM Zone 13N
Elevation
388 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual zinc mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT07231612”

Context: 581127

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT08161605BMK VMS · copperIntercept: 0.83 mView all details
Link to this fact

Identity

Hole ID
NT08161605
Project
BMK VMS
Commodity
copper
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
0.83 m
Hole Depth
0.83 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
580810
Northing
6220710
CRS
NAD83 UTM Zone 13N
Elevation
398 m
Azimuth
90 °
Dip
-75 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual copper mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT08161605”

Context: 580810

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT08161605BMK VMS · zincIntercept: 0.83 mView all details
Link to this fact

Identity

Hole ID
NT08161605
Project
BMK VMS
Commodity
zinc
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
0.83 m
Hole Depth
0.83 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
580810
Northing
6220710
CRS
NAD83 UTM Zone 13N
Elevation
398 m
Azimuth
90 °
Dip
-75 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual zinc mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT08161605”

Context: 580810

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT08161739BMK VMS · copperIntercept: 0.3 mView all details
Link to this fact

Identity

Hole ID
NT08161739
Project
BMK VMS
Commodity
copper
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
0.3 m
Hole Depth
0.3 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
580825
Northing
6220733
CRS
NAD83 UTM Zone 13N
Elevation
395 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual copper mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT08161739”

Context: 580825

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT08161739BMK VMS · zincIntercept: 0.3 mView all details
Link to this fact

Identity

Hole ID
NT08161739
Project
BMK VMS
Commodity
zinc
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
0.3 m
Hole Depth
0.3 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
580825
Northing
6220733
CRS
NAD83 UTM Zone 13N
Elevation
395 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual zinc mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT08161739”

Context: 580825

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT08171508BMK VMS · copperIntercept: 1.42 mView all details
Link to this fact

Identity

Hole ID
NT08171508
Project
BMK VMS
Commodity
copper
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
1.42 m
Hole Depth
1.42 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
580771
Northing
6220607
CRS
NAD83 UTM Zone 13N
Elevation
398 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual copper mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT08171508”

Context: 580771

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

NT08171508BMK VMS · zincIntercept: 1.42 mView all details
Link to this fact

Identity

Hole ID
NT08171508
Project
BMK VMS
Commodity
zinc
Region
canada_sk
Reported Region
canada_sk
Ticker
MUR

Geometry

Intercept
1.42 m
Hole Depth
1.42 m

Classification

Deposit Type
vms
Program
exploration
Sample Type
drill
Mining Method
unknown

Location

Location
Lower Zone
Easting
580771
Northing
6220607
CRS
NAD83 UTM Zone 13N
Elevation
398 m
Azimuth
80 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SRC Geoanalytical Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality.

Positive factors

  • Visual zinc mineralization identified in backpack drillhole.

Negative factors

  • No assay results reported; 'high-grade' is based on visual estimates and XRF only.
  • Short intercept length.

Evidence · table

“NT08171508”

Context: 580771

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro"

Resource Estimates (42)

indicatedBMK VMS Project · copperTonnes: 1200000Grade: 0.75Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:f9320cbe718329d59b50
Deposit or zone
Lower Zone

Resource Data

Category
indicated
Tonnes
1200000
Grade
0.75
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for copper in the Lower Zone, showing moderate grade for a VMS deposit, but it is a historical estimate.

Positive factors

  • Moderate copper grade for a VMS deposit.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.75”

Context: 1,200,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · zincTonnes: 1200000Grade: 8.13Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:f9320cbe718329d59b50
Deposit or zone
Lower Zone

Resource Data

Category
indicated
Tonnes
1200000
Grade
8.13
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for zinc in the Lower Zone, showing moderate grade for a VMS deposit, but it is a historical estimate.

Positive factors

  • Moderate zinc grade for a VMS deposit.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“8.13”

Context: 1,200,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · silverTonnes: 1200000Grade: 48Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
silver
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:f9320cbe718329d59b50
Deposit or zone
Lower Zone

Resource Data

Category
indicated
Tonnes
1200000
Grade
48
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for silver in the Lower Zone, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“48”

Context: 1,200,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · leadTonnes: 1200000Grade: 0.67Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
lead
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:f9320cbe718329d59b50
Deposit or zone
Lower Zone

Resource Data

Category
indicated
Tonnes
1200000
Grade
0.67
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for lead in the Lower Zone, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.67”

Context: 1,200,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · goldTonnes: 1200000Grade: 0.28Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
gold
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:f9320cbe718329d59b50
Deposit or zone
Lower Zone

Resource Data

Category
indicated
Tonnes
1200000
Grade
0.28
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for gold in the Lower Zone, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.28”

Context: 1,200,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · copperTonnes: 1200000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:f9320cbe718329d59b50
Deposit or zone
Lower Zone

Resource Data

Category
indicated
Tonnes
1200000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
4.19
Metal Eq. Unit
Cu Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for copper equivalent in the Lower Zone, with disclosed assumptions, but it is a historical estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“4.19”

Context: 1,200,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · zincTonnes: 1200000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:f9320cbe718329d59b50
Deposit or zone
Lower Zone

Resource Data

Category
indicated
Tonnes
1200000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
14.6
Metal Eq. Unit
Zn Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for zinc equivalent in the Lower Zone, with disclosed assumptions, but it is a historical estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“14.6”

Context: 1,200,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · copperTonnes: 900000Grade: 0.6Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2efd02ed3563b4d8aab7
Deposit or zone
Upper Zone

Resource Data

Category
indicated
Tonnes
900000
Grade
0.6
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for copper in the Upper Zone, showing weak grade for a VMS deposit, and it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • Weak copper grade for a VMS deposit.
  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.6”

Context: 900,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · zincTonnes: 900000Grade: 5.7Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2efd02ed3563b4d8aab7
Deposit or zone
Upper Zone

Resource Data

Category
indicated
Tonnes
900000
Grade
5.7
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for zinc in the Upper Zone, showing moderate grade for a VMS deposit, but it is a historical estimate.

Positive factors

  • Moderate zinc grade for a VMS deposit.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“5.7”

Context: 900,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · silverTonnes: 900000Grade: 28.52Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
silver
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2efd02ed3563b4d8aab7
Deposit or zone
Upper Zone

Resource Data

Category
indicated
Tonnes
900000
Grade
28.52
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for silver in the Upper Zone, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“28.52”

Context: 900,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · leadTonnes: 900000Grade: 0.24Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
lead
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2efd02ed3563b4d8aab7
Deposit or zone
Upper Zone

Resource Data

Category
indicated
Tonnes
900000
Grade
0.24
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for lead in the Upper Zone, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.24”

Context: 900,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · goldTonnes: 900000Grade: 0.17Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
gold
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2efd02ed3563b4d8aab7
Deposit or zone
Upper Zone

Resource Data

Category
indicated
Tonnes
900000
Grade
0.17
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for gold in the Upper Zone, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.17”

Context: 900,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · copperTonnes: 900000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2efd02ed3563b4d8aab7
Deposit or zone
Upper Zone

Resource Data

Category
indicated
Tonnes
900000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
2.87
Metal Eq. Unit
Cu Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for copper equivalent in the Upper Zone, with disclosed assumptions, but it is a historical estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“2.87”

Context: 900,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · zincTonnes: 900000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2efd02ed3563b4d8aab7
Deposit or zone
Upper Zone

Resource Data

Category
indicated
Tonnes
900000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
9.98
Metal Eq. Unit
Zn Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Indicated resource for zinc equivalent in the Upper Zone, with disclosed assumptions, but it is a historical estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“9.98”

Context: 900,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · copperTonnes: 2100000Grade: 0.69Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:21774d72f25b806a7750
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
2100000
Grade
0.69
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total indicated resource for copper, showing weak grade for a VMS deposit, and it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • Weak copper grade for a VMS deposit.
  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.69”

Context: 2,100,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · zincTonnes: 2100000Grade: 7.08Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:21774d72f25b806a7750
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
2100000
Grade
7.08
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total indicated resource for zinc, showing moderate grade for a VMS deposit, but it is a historical estimate.

Positive factors

  • Moderate zinc grade for a VMS deposit.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“7.08”

Context: 2,100,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · silverTonnes: 2100000Grade: 39.6Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
silver
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:21774d72f25b806a7750
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
2100000
Grade
39.6
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total indicated resource for silver, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“39.6”

Context: 2,100,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · leadTonnes: 2100000Grade: 0.49Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
lead
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:21774d72f25b806a7750
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
2100000
Grade
0.49
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total indicated resource for lead, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.49”

Context: 2,100,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · goldTonnes: 2100000Grade: 0.23Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
gold
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:21774d72f25b806a7750
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
2100000
Grade
0.23
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total indicated resource for gold, but it is a historical estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“0.23”

Context: 2,100,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · copperTonnes: 2100000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:21774d72f25b806a7750
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
2100000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
3.62
Metal Eq. Unit
Cu Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total indicated resource for copper equivalent, with disclosed assumptions, but it is a historical estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“3.62”

Context: 2,100,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

indicatedBMK VMS Project · zincTonnes: 2100000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:21774d72f25b806a7750
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
2100000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
12.62
Metal Eq. Unit
Zn Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total indicated resource for zinc equivalent, with disclosed assumptions, but it is a historical estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical estimate from 2018, not new information.

Evidence · table

“12.62”

Context: 2,100,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · copperTonnes: 2700000Grade: 0.55Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2b95e5222942d7ced5c5
Deposit or zone
Lower Zone

Resource Data

Category
inferred
Tonnes
2700000
Grade
0.55
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for copper in the Lower Zone, showing weak grade for a VMS deposit, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • Weak copper grade for a VMS deposit.
  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.55”

Context: 2,700,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · zincTonnes: 2700000Grade: 4.88Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2b95e5222942d7ced5c5
Deposit or zone
Lower Zone

Resource Data

Category
inferred
Tonnes
2700000
Grade
4.88
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for zinc in the Lower Zone, showing weak grade for a VMS deposit, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • Weak zinc grade for a VMS deposit.
  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“4.88”

Context: 2,700,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · silverTonnes: 2700000Grade: 29.02Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
silver
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2b95e5222942d7ced5c5
Deposit or zone
Lower Zone

Resource Data

Category
inferred
Tonnes
2700000
Grade
29.02
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for silver in the Lower Zone, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“29.02”

Context: 2,700,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · leadTonnes: 2700000Grade: 0.42Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
lead
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2b95e5222942d7ced5c5
Deposit or zone
Lower Zone

Resource Data

Category
inferred
Tonnes
2700000
Grade
0.42
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for lead in the Lower Zone, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.42”

Context: 2,700,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · goldTonnes: 2700000Grade: 0.14Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
gold
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2b95e5222942d7ced5c5
Deposit or zone
Lower Zone

Resource Data

Category
inferred
Tonnes
2700000
Grade
0.14
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for gold in the Lower Zone, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.14”

Context: 2,700,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · copperTonnes: 2700000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2b95e5222942d7ced5c5
Deposit or zone
Lower Zone

Resource Data

Category
inferred
Tonnes
2700000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
2.59
Metal Eq. Unit
Cu Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for copper equivalent in the Lower Zone, with disclosed assumptions, but it is a historical and speculative estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“2.59”

Context: 2,700,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · zincTonnes: 2700000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:2b95e5222942d7ced5c5
Deposit or zone
Lower Zone

Resource Data

Category
inferred
Tonnes
2700000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
9.02
Metal Eq. Unit
Zn Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for zinc equivalent in the Lower Zone, with disclosed assumptions, but it is a historical and speculative estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“9.02”

Context: 2,700,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · copperTonnes: 4900000Grade: 0.57Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:83cc4eac08025a81919f
Deposit or zone
Upper Zone

Resource Data

Category
inferred
Tonnes
4900000
Grade
0.57
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for copper in the Upper Zone, showing weak grade for a VMS deposit, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • Weak copper grade for a VMS deposit.
  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.57”

Context: 4,900,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · zincTonnes: 4900000Grade: 4.22Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:83cc4eac08025a81919f
Deposit or zone
Upper Zone

Resource Data

Category
inferred
Tonnes
4900000
Grade
4.22
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for zinc in the Upper Zone, showing weak grade for a VMS deposit, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • Weak zinc grade for a VMS deposit.
  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“4.22”

Context: 4,900,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · silverTonnes: 4900000Grade: 12.46Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
silver
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:83cc4eac08025a81919f
Deposit or zone
Upper Zone

Resource Data

Category
inferred
Tonnes
4900000
Grade
12.46
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for silver in the Upper Zone, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“12.46”

Context: 4,900,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · leadTonnes: 4900000Grade: 0.06Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
lead
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:83cc4eac08025a81919f
Deposit or zone
Upper Zone

Resource Data

Category
inferred
Tonnes
4900000
Grade
0.06
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for lead in the Upper Zone, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.06”

Context: 4,900,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · goldTonnes: 4900000Grade: 0.08Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
gold
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:83cc4eac08025a81919f
Deposit or zone
Upper Zone

Resource Data

Category
inferred
Tonnes
4900000
Grade
0.08
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for gold in the Upper Zone, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.08”

Context: 4,900,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · copperTonnes: 4900000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:83cc4eac08025a81919f
Deposit or zone
Upper Zone

Resource Data

Category
inferred
Tonnes
4900000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
2.05
Metal Eq. Unit
Cu Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for copper equivalent in the Upper Zone, with disclosed assumptions, but it is a historical and speculative estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“2.05”

Context: 4,900,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · zincTonnes: 4900000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:83cc4eac08025a81919f
Deposit or zone
Upper Zone

Resource Data

Category
inferred
Tonnes
4900000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
7.16
Metal Eq. Unit
Zn Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Inferred resource for zinc equivalent in the Upper Zone, with disclosed assumptions, but it is a historical and speculative estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“7.16”

Context: 4,900,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · copperTonnes: 7600000Grade: 0.57Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:9cdc2c9982e70c4c5bc3
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
7600000
Grade
0.57
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total inferred resource for copper, showing weak grade for a VMS deposit, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • Weak copper grade for a VMS deposit.
  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.57”

Context: 7,600,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · zincTonnes: 7600000Grade: 4.46Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:9cdc2c9982e70c4c5bc3
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
7600000
Grade
4.46
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total inferred resource for zinc, showing weak grade for a VMS deposit, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • Weak zinc grade for a VMS deposit.
  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“4.46”

Context: 7,600,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · silverTonnes: 7600000Grade: 18.42Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
silver
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:9cdc2c9982e70c4c5bc3
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
7600000
Grade
18.42
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total inferred resource for silver, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“18.42”

Context: 7,600,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · leadTonnes: 7600000Grade: 0.19Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
lead
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:9cdc2c9982e70c4c5bc3
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
7600000
Grade
0.19
Grade Unit
%
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total inferred resource for lead, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.19”

Context: 7,600,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · goldTonnes: 7600000Grade: 0.1Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
gold
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:9cdc2c9982e70c4c5bc3
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
7600000
Grade
0.1
Grade Unit
g/t
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total inferred resource for gold, and it is a historical and speculative estimate.

Positive factors

  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“0.1”

Context: 7,600,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · copperTonnes: 7600000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
copper
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:9cdc2c9982e70c4c5bc3
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
7600000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
2.25
Metal Eq. Unit
Cu Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total inferred resource for copper equivalent, with disclosed assumptions, but it is a historical and speculative estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“2.25”

Context: 7,600,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 years before this release

inferredBMK VMS Project · zincTonnes: 7600000Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
BMK VMS Project
Commodity
zinc
Region
canada_sk
Reported Region
Saskatchewan
Ticker
MUR

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Finley Bakker
Resource group id
resource:9cdc2c9982e70c4c5bc3
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
7600000
Cutoff Grade
90
Cutoff Unit
USD/tonne

Prior Estimate

Resource Date
2018-09-04

Metal Equivalent

Metal Eq. Grade
7.85
Metal Eq. Unit
Zn Eq. (%)
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-04T00:00:00.000Z

Dates

Event date
2025-10-02T00:00:00.000Z

Reasoning: Total inferred resource for zinc equivalent, with disclosed assumptions, but it is a historical and speculative estimate.

Positive factors

  • Metal equivalent grade provided with disclosed assumptions.
  • NI 43-101 compliant and QP signed.

Negative factors

  • This is a historical inferred resource, which is speculative and not new information.

Evidence · table

“7.85”

Context: 7,600,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

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

Why it applies: effective date is 7.1 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.