# New Energy Metals Completes Exploration Program and Discovers Pegmatites at the Roslyn Lithium Project in Ontario Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--b29e90be-f94b-4b01-9afc-31ff76243876 Original source: https://money.tmx.com/en/quote/ENRG/news/5335891777601285/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the- Publisher: tmx Original announcement: 2023-12-11T14:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: New Energy Metals Corp. - Ticker: ENRG - Exchange: TSX - Region: Ontario - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Drill results, Other - Extracted: 2026-09-13 23:02:45 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary New Energy Metals has completed its initial exploration program at the Roslyn Lithium Project in Ontario, announcing the discovery of pegmatites. Preliminary LIBS testing showed lithium anomalies ranging from 100 to 15,600 ppm, with 23 samples currently undergoing formal assaying at a certified laboratory. Reasoning: The company reported a discovery of pegmatites with preliminary LIBS lithium values up to 1.56%, though formal assay results are still pending. - Positive factor: Discovery of pegmatites - Positive factor: Anomalous lithium values via LIBS - Positive factor: Proximity to known lithium field - Negative factor: Assay results still pending - Negative factor: LIBS is preliminary/screening technology - Negative factor: High vegetation/moss coverage complicates sampling Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 4 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is located in the Georgia Lake Pegmatite field, which is being aggressively explored by other companies. Evidence · text > The Georgia Lake Pegmatite Field is being aggressively explored and developed by Rock Tech Lithium \(TSXV:RCK\), Imagine Lithium \(TSXV:ILI\) and Ultra Lithium \(TSXV:ULT\). **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions that 23 samples were selected for assays at an independent certified laboratory and names a Qualified Person. Evidence · text > 23 samples were selected for assays at an independent certified laboratory. ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--b29e90be-f94b-4b01-9afc-31ff76243876#fact-drill-facts-0) lithium #### Identity - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ENRG #### Geometry - Grade: 1.56 - Grade Unit: % Li #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Roslyn Lithium Project - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: No - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Preliminary LIBS scanning identified high lithium values, though these are not yet confirmed by laboratory assays. - Positive factor: High grade LIBS reading - Negative factor: Preliminary LIBS data only - Negative factor: Assays pending Evidence · text > 100 to 15,600 parts per million \(ppm\) Li \(1.56% Li or 3.35% Li2O\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--b29e90be-f94b-4b01-9afc-31ff76243876#fact-drill-facts-1) lithium #### Identity - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ENRG #### Geometry - Grade: 8323 - Grade Unit: ppm Li #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Sample 599619 - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: No - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Specific LIBS reading for sample 599619 shows lithium enrichment. - Positive factor: Anomalous lithium values - Negative factor: Preliminary LIBS data Evidence · text > 193.2 ppm to 8323 ppm Li #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--b29e90be-f94b-4b01-9afc-31ff76243876#fact-drill-facts-2) lithium #### Identity - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ENRG #### Geometry - Grade: 9150 - Grade Unit: ppm Li #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Sample 599617 - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: No - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Specific LIBS reading for sample 599617 shows lithium enrichment. - Positive factor: Anomalous lithium values - Negative factor: Preliminary LIBS data Evidence · text > 202 ppm to 9,150 ppm Li #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--b29e90be-f94b-4b01-9afc-31ff76243876#fact-drill-facts-3) lithium #### Identity - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ENRG #### Geometry - Grade: 1.56 - Grade Unit: % Li #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Sample 599614 - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: No - QP Signed: Yes #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Specific LIBS reading for sample 599614 shows lithium enrichment. - Positive factor: Anomalous lithium values - Negative factor: Preliminary LIBS data Evidence · text > 192 ppm to 1.56% Li #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.