# NiCAN - Additional Assays from New Near Surface Gold Discovery in Thompson Manitoba, Intersecting 19.45 Meters Averaging 1.0g/t Au and 12.2 g/t Ag

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5

Original source: https://money.tmx.com/en/quote/NICN/news/6490436586955138/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob

Publisher: tmx

Original announcement: 2026-02-18T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: NiCAN Limited

- Ticker: NICN

- Exchange: TSX

- Region: Manitoba

- Primary commodity: Gold

- Secondary commodities: Silver, Lead

- Document categories: Drill results

- Extracted: 2026-09-14 15:10:00 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

NiCAN Limited announced additional assay results from a new near-surface gold discovery in Thompson, Manitoba, including 19.45 meters averaging 1.0 g/t gold and 12.2 g/t silver from hole PIPY25-08. The company completed four shallow diamond drill holes to expand on the discovery, which remains open in all directions. NiCAN plans follow-up geophysical surveys and diamond drilling to further define this emerging gold system.

Reasoning: NiCAN reported additional drill results that confirm and expand a near-surface gold-silver discovery in Manitoba, with several moderate to strong intercepts and plans for further exploration to define the system.

- Positive factor: New near-surface gold-silver discovery expanded

- Positive factor: Mineralization remains open in all directions, indicating further potential

- Positive factor: Follow-up geophysical program and diamond drilling planned

- Positive factor: Analogous to known iron formation hosted gold camps

- Negative factor: Grades are generally moderate, with high-grade zones within wider intervals

- Negative factor: True width of intercepts not disclosed

- Negative factor: Cut-off grades for compositing not stated

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

Facts used in scoring: 35

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: The release states that Mr. Stanley Clemmer, P.Geo, a qualified person under NI 43-101, has reviewed and approved the scientific and technical information.

Evidence · text

> Mr. Stanley Clemmer, P.Geo, an independent consultant to NiCAN, who is a qualified person under National Instrument 43-101 – Standards of Disclosure of Mineral Projects \("NI 43-101"\) has reviewed and approved the scientific and technical information in this press release.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: NiCAN is pleased to have expanded upon a new gold discovery, and the gold mineralization appears to be open in all directions, indicating extension beyond known limits.

Evidence · text

> NiCAN is pleased to have expanded upon a new gold discovery within the Thompson area. ... The gold mineralization appears to be open in all directions

**Apparent Width Only**

Polarity: negative

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

Why it applies: The document reports intercept lengths as 'Length \(m\)' or 'meters \(m\)' without any mention of true width or drill orientation relative to the structure.

Evidence · text

> Intersecting 19.45 Meters Averaging 1.0g/t Au and 12.2 g/t Ag

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: The release reports drill intervals and grades but does not state the cut-off grade used for compositing these intervals.

Evidence · text

> Table 1. Highlights from Diamond Drill Holes on the Pipy South Property

## Extracted facts

Stored fact records: 35. Some facts used in scoring do not have a stored record.

## Drill Results (35)

### PIPY25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-0)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-04
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1.25
- Grade Unit: g/t
- Intercept: 27.6 m
- From: 20.4 m
- To: 48 m
- Intercept Depth: 20.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-04:20.4-48
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A moderate gold intercept over a good width contributes to the expansion of a new near-surface discovery.

- Positive factor: Moderate gold grade over a good width for near-surface

- Positive factor: Part of a new discovery that is open in all directions

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.25

Context: 27.60

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-1)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-04
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 12.5
- Grade Unit: g/t
- Intercept: 27.6 m
- From: 20.4 m
- To: 48 m
- Intercept Depth: 20.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-04:20.4-48
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A moderate silver intercept over a good width supports the polymetallic nature of the new near-surface discovery.

- Positive factor: Moderate silver grade over a good width, associated with gold discovery

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 12.5

Context: 27.60

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-2)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-04
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 2.14
- Grade Unit: g/t
- Intercept: 14.3 m
- From: 21.4 m
- To: 35.7 m
- Intercept Depth: 20.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-04:21.4-35.7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A strong gold sub-interval within a broader zone indicates higher-grade mineralization within the new discovery.

- Positive factor: Strong gold grade within a wider interval, enhancing overall prospectivity

- Positive factor: Part of a new discovery that is open in all directions

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 2.14

Context: 14.30

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-3)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-04
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 19.8
- Grade Unit: g/t
- Intercept: 14.3 m
- From: 21.4 m
- To: 35.7 m
- Intercept Depth: 20.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-04:21.4-35.7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A moderate silver sub-interval further supports the polymetallic nature of the mineralization.

- Positive factor: Moderate silver grade within a higher-grade gold sub-interval

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 19.8

Context: 14.30

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-4)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-04
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 5.39
- Grade Unit: g/t
- Intercept: 2 m
- From: 33.7 m
- To: 35.7 m
- Intercept Depth: 20.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-04:33.7-35.7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: An exceptional gold grade over a narrow interval highlights the presence of high-grade mineralization within the new discovery.

- Positive factor: Exceptional gold grade over a narrow width, indicating high-grade zones

- Positive factor: Part of a new discovery that is open in all directions

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 5.39

Context: 2.00

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The gold grade of 5.39 g/t exceeds the 5 g/t exceptional threshold for open pit gold deposits.

Evidence · table

> 5.39

Context: 2.00

### PIPY25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-5)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-04
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 7.1
- Grade Unit: g/t
- Intercept: 2 m
- From: 33.7 m
- To: 35.7 m
- Intercept Depth: 20.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-04:33.7-35.7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A weak silver grade in a high-grade gold zone indicates variable silver contribution.

- Positive factor: Weak silver grade associated with a high-grade gold sub-interval

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 7.1

Context: 2.00

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-6)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-05
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.65
- Grade Unit: g/t
- Intercept: 9.5 m
- From: 9.6 m
- To: 19.1 m
- Intercept Depth: 9.6 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-05:9.6-19.1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A weak gold intercept over a moderate width extends the known mineralization footprint of the new discovery.

- Positive factor: Weak gold grade over a moderate width, contributing to the overall discovery footprint

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.65

Context: 9.50

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-7)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-05
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 8.4
- Grade Unit: g/t
- Intercept: 9.5 m
- From: 9.6 m
- To: 19.1 m
- Intercept Depth: 9.6 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-05:9.6-19.1
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A weak silver intercept over a moderate width further defines the polymetallic nature of the discovery.

- Positive factor: Weak silver grade over a moderate width, associated with gold mineralization

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 8.4

Context: 9.50

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-8)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-07
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.21
- Grade Unit: g/t
- Intercept: 8 m
- From: 30 m
- To: 38 m
- Intercept Depth: 30 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-07:30-38
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A weak gold intercept over a moderate width confirms mineralization, though the hole may have missed the main target.

- Positive factor: Weak gold grade over a moderate width, indicating presence of mineralization

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

- Negative factor: Hole interpreted to have overshot the main zone

Evidence · table

> 0.21

Context: 8.00

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-9)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-07
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1.2
- Grade Unit: g/t
- Intercept: 8 m
- From: 30 m
- To: 38 m
- Intercept Depth: 30 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-07:30-38
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A weak silver intercept over a moderate width indicates trace silver mineralization.

- Positive factor: Weak silver grade over a moderate width, associated with gold mineralization

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.2

Context: 8.00

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-10)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-07
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1.25
- Grade Unit: g/t
- Intercept: 4 m
- From: 81.5 m
- To: 85.5 m
- Intercept Depth: 30 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-07:81.5-85.5
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A moderate gold intercept over a narrow width confirms mineralization in a deeper zone, despite the hole potentially overshooting the main target.

- Positive factor: Moderate gold grade over a narrow width, confirming mineralization at depth

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.25

Context: 4.00

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-11)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-07
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 3.64
- Grade Unit: g/t
- Intercept: 4 m
- From: 81.5 m
- To: 85.5 m
- Intercept Depth: 30 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-07:81.5-85.5
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A weak silver intercept over a narrow width indicates trace silver mineralization at depth.

- Positive factor: Weak silver grade over a narrow width, associated with gold mineralization

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 3.64

Context: 4.00

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-12)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-08
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 0.69
- Grade Unit: g/t
- Intercept: 5.4 m
- From: 6.4 m
- To: 11.8 m
- Intercept Depth: 6.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-08:6.4-11.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A weak gold intercept over a narrow width confirms near-surface mineralization in the new discovery area.

- Positive factor: Weak gold grade over a narrow width, contributing to the near-surface discovery

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 0.69

Context: 5.40

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-13)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-08
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 4.5
- Grade Unit: g/t
- Intercept: 5.4 m
- From: 6.4 m
- To: 11.8 m
- Intercept Depth: 6.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-08:6.4-11.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A weak silver intercept over a narrow width indicates trace silver mineralization near surface.

- Positive factor: Weak silver grade over a narrow width, associated with near-surface gold mineralization

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 4.5

Context: 5.40

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-14)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-08
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1
- Grade Unit: g/t
- Intercept: 19.45 m
- From: 17.9 m
- To: 37.3 m
- Intercept Depth: 6.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-08:17.9-37.3
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A moderate gold intercept over a significant width is a key result confirming and expanding the new near-surface discovery.

- Positive factor: Moderate gold grade over a significant width, confirming a new near-surface discovery

- Positive factor: Part of a new discovery that is open in all directions

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 1.00

Context: 19.45

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-15)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-08
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 12.2
- Grade Unit: g/t
- Intercept: 19.45 m
- From: 17.9 m
- To: 37.3 m
- Intercept Depth: 6.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-08:17.9-37.3
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A moderate silver intercept over a significant width supports the polymetallic nature of the new near-surface discovery.

- Positive factor: Moderate silver grade over a significant width, associated with gold discovery

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 12.2

Context: 19.45

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-16)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-08
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 2.17
- Grade Unit: g/t
- Intercept: 5 m
- From: 31.8 m
- To: 36.8 m
- Intercept Depth: 6.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-08:31.8-36.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A strong gold sub-interval within a broader zone indicates higher-grade mineralization within the new discovery.

- Positive factor: Strong gold grade over a moderate width within a wider interval

- Positive factor: Part of a new discovery that is open in all directions

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 2.17

Context: 5.00

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-17)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-08
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 28.7
- Grade Unit: g/t
- Intercept: 5 m
- From: 31.8 m
- To: 36.8 m
- Intercept Depth: 6.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-08:31.8-36.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A moderate silver sub-interval further supports the polymetallic nature of the mineralization.

- Positive factor: Moderate silver grade within a higher-grade gold sub-interval

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · table

> 28.7

Context: 5.00

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-18)

Pipy South · lead

#### Identity

- Hole ID: PIPY25-08
- Project: Pipy South
- Commodity: lead
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 2.07
- Grade Unit: %
- Intercept: 5 m
- From: 31.8 m
- To: 36.8 m
- Intercept Depth: 6.4 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: PIPY25-08:31.8-36.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A moderate lead grade indicates additional metal credits within the polymetallic mineralization.

- Positive factor: Moderate lead grade reported within a polymetallic intercept

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

Evidence · text

> 5.0m near the bottom of the hole that returned 2.17g/ Au, 28.7g/t Ag and 2.07% Pb

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### 17BN01

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-19)

Pipy South · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 17BN01
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 1.2
- Grade Unit: g/t
- Intercept: 47 m
- From: 27 m
- To: 74 m
- Intercept Depth: 27 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: 17BN01:27-74
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A historical moderate gold intercept over a very significant width provides context for the current discovery, showing broad mineralization.

- Positive factor: Moderate gold grade over a very significant width, indicating broad mineralization

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

- Negative factor: Historical data, not new information

Evidence · table

> 1.20

Context: 47.0

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

#### Rejected tags

**Stale Data Re-release** — Rejected; excluded from scoring

Polarity: negative

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

Reason: This intercept is from a historical drill hole \(17BN01\) and is presented in a table explicitly titled 'Historical Gold Intercept'.

Evidence · table

> 17BN01

Context: 27.0

### 17BN01

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-20)

Pipy South · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 17BN01
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 5.9
- Grade Unit: g/t
- Intercept: 47 m
- From: 27 m
- To: 74 m
- Intercept Depth: 27 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: 17BN01:27-74
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A historical weak silver intercept over a very significant width indicates trace silver associated with the gold mineralization.

- Positive factor: Weak silver grade over a very significant width, associated with historical gold mineralization

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

- Negative factor: Historical data, not new information

Evidence · table

> 5.90

Context: 47.0

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

#### Rejected tags

**Stale Data Re-release** — Rejected; excluded from scoring

Polarity: negative

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

Reason: This intercept is from a historical drill hole \(17BN01\) and is presented in a table explicitly titled 'Historical Gold Intercept'.

Evidence · table

> 17BN01

Context: 27.0

### 17BN01

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-21)

Pipy South · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 17BN01
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 6.63
- Grade Unit: g/t
- Intercept: 5.6 m
- From: 55.4 m
- To: 61 m
- Intercept Depth: 27 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: 17BN01:55.4-61
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A historical exceptional gold sub-interval indicates high-grade potential within the broader mineralization.

- Positive factor: Exceptional gold grade over a moderate width within a historical broader zone

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

- Negative factor: Historical data, not new information

Evidence · table

> 6.63

Context: 5.6

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

#### Rejected tags

**Stale Data Re-release** — Rejected; excluded from scoring

Polarity: negative

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

Reason: This intercept is from a historical drill hole \(17BN01\) and is presented in a table explicitly titled 'Historical Gold Intercept'.

Evidence · table

> 17BN01

Context: 27.0

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The gold grade of 6.63 g/t exceeds the 5 g/t exceptional threshold for open pit gold deposits.

Evidence · table

> 6.63

Context: 5.6

### 17BN01

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-22)

Pipy South · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 17BN01
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 10.13
- Grade Unit: g/t
- Intercept: 5.6 m
- From: 55.4 m
- To: 61 m
- Intercept Depth: 27 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: 17BN01:55.4-61
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A historical moderate silver sub-interval further supports the polymetallic nature of the mineralization.

- Positive factor: Moderate silver grade within a historical high-grade gold sub-interval

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

- Negative factor: Historical data, not new information

Evidence · table

> 10.13

Context: 5.6

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

#### Rejected tags

**Stale Data Re-release** — Rejected; excluded from scoring

Polarity: negative

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

Reason: This intercept is from a historical drill hole \(17BN01\) and is presented in a table explicitly titled 'Historical Gold Intercept'.

Evidence · table

> 17BN01

Context: 27.0

### 17BN01

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-23)

Pipy South · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 17BN01
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 15.35
- Grade Unit: g/t
- Intercept: 2 m
- From: 57.4 m
- To: 59.4 m
- Intercept Depth: 27 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: 17BN01:57.4-59.4
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A historical exceptional gold grade over a narrow interval highlights the presence of very high-grade mineralization.

- Positive factor: Exceptional gold grade over a narrow width, indicating very high-grade zones historically

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

- Negative factor: Historical data, not new information

Evidence · table

> 15.35

Context: 2.0

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

#### Rejected tags

**Stale Data Re-release** — Rejected; excluded from scoring

Polarity: negative

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

Reason: This intercept is from a historical drill hole \(17BN01\) and is presented in a table explicitly titled 'Historical Gold Intercept'.

Evidence · table

> 17BN01

Context: 27.0

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The gold grade of 15.35 g/t significantly exceeds the 5 g/t exceptional threshold for open pit gold deposits.

Evidence · table

> 15.35

Context: 2.0

### 17BN01

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-24)

Pipy South · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 17BN01
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 14.8
- Grade Unit: g/t
- Intercept: 2 m
- From: 57.4 m
- To: 59.4 m
- Intercept Depth: 27 m

#### Classification

- Deposit Type: orogenic
- Program: exploration
- Sample Type: drill
- Group ID: 17BN01:57.4-59.4
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: A historical moderate silver grade in a very high-grade gold zone indicates consistent silver presence.

- Positive factor: Moderate silver grade associated with a historical very high-grade gold sub-interval

- Positive factor: QA/QC disclosure with QP sign-off

- Negative factor: Apparent width only, true width not stated

- Negative factor: Cut-off grade for compositing not disclosed

- Negative factor: Historical data, not new information

Evidence · table

> 14.80

Context: 2.0

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

#### Rejected tags

**Stale Data Re-release** — Rejected; excluded from scoring

Polarity: negative

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

Reason: This intercept is from a historical drill hole \(17BN01\) and is presented in a table explicitly titled 'Historical Gold Intercept'.

Evidence · table

> 17BN01

Context: 27.0

### PIPY25-04 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-25)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-04 incl.
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 2.14
- Grade Unit: g/t
- Intercept: 14.3 m
- From: 21.4 m
- To: 35.7 m
- Intercept Depth: 21.4 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: PIPY25-04 incl.:21.4-35.7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 2.14 g/t gold is strong against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 30.6 g/t·m is moderate \(grade alone is strong; the better of the two is used\).

- Positive factor: 2.14 g/t gold is strong on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.14

Context: PIPY25-04 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-04 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-26)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-04 incl.
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 19.8
- Grade Unit: g/t
- Intercept: 14.3 m
- From: 21.4 m
- To: 35.7 m
- Intercept Depth: 21.4 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: PIPY25-04 incl.:21.4-35.7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 19.8 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 283.1 g/t·m is weak \(grade alone is below; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 19.8

Context: PIPY25-04 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-04 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-27)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-04 incl.
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 5.39
- Grade Unit: g/t
- Intercept: 2 m
- From: 33.7 m
- To: 35.7 m
- Intercept Depth: 33.7 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: PIPY25-04 incl.:33.7-35.7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 5.39 g/t gold is exceptional against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 10.8 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 5.39 g/t gold is exceptional on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 5.39

Context: PIPY25-04 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-04 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-28)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-04 incl.
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 7.1
- Grade Unit: g/t
- Intercept: 2 m
- From: 33.7 m
- To: 35.7 m
- Intercept Depth: 33.7 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: PIPY25-04 incl.:33.7-35.7
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 7.1 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 14.2 g/t·m is below.

- Negative factor: 7.1 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 7.1

Context: PIPY25-04 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-29)

Pipy South · gold

#### Identity

- Hole ID: PIPY25-08 incl.
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 2.17
- Grade Unit: g/t
- Intercept: 5 m
- From: 31.8 m
- To: 36.8 m
- Intercept Depth: 31.8 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: PIPY25-08 incl.:31.8-36.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 2.17 g/t gold is strong against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 10.8 g/t·m is weak \(grade alone is strong; the better of the two is used\).

- Positive factor: 2.17 g/t gold is strong on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.17

Context: PIPY25-08 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### PIPY25-08 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-30)

Pipy South · silver

#### Identity

- Hole ID: PIPY25-08 incl.
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 28.7
- Grade Unit: g/t
- Intercept: 5 m
- From: 31.8 m
- To: 36.8 m
- Intercept Depth: 31.8 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: PIPY25-08 incl.:31.8-36.8
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 28.7 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 143.5 g/t·m is below.

- Negative factor: 28.7 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 28.7

Context: PIPY25-08 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### 17BN01 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-31)

Pipy South · gold

#### Identity

- Hole ID: 17BN01 incl.
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 6.63
- Grade Unit: g/t
- Intercept: 5.6 m
- From: 55.4 m
- To: 61 m
- Intercept Depth: 55.4 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: 17BN01 incl.:55.4-61
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 6.63 g/t gold is exceptional against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 37.1 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 6.63 g/t gold is exceptional on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 6.63

Context: 17BN01 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### 17BN01 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-32)

Pipy South · silver

#### Identity

- Hole ID: 17BN01 incl.
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 10.13
- Grade Unit: g/t
- Intercept: 5.6 m
- From: 55.4 m
- To: 61 m
- Intercept Depth: 55.4 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: 17BN01 incl.:55.4-61
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 10.13 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 56.7 g/t·m is below.

- Negative factor: 10.13 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 10.13

Context: 17BN01 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### 17BN01 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-33)

Pipy South · gold

#### Identity

- Hole ID: 17BN01 incl.
- Project: Pipy South
- Commodity: gold
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 15.35
- Grade Unit: g/t
- Intercept: 2 m
- From: 57.4 m
- To: 59.4 m
- Intercept Depth: 57.4 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: 17BN01 incl.:57.4-59.4
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 15.35 g/t gold is exceptional against the open\_pit mining band \[5, 2, 1, 0.3\] g/t. Grade×width 30.7 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 15.35 g/t gold is exceptional on the open\_pit mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 15.35

Context: 17BN01 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

### 17BN01 incl.

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-additional-assays-from-new-near-surface-gold-discovery-in-thompson-manitob--7fd90528-def2-41e1-b5f2-e70922e1a1f5#fact-drill-facts-34)

Pipy South · silver

#### Identity

- Hole ID: 17BN01 incl.
- Project: Pipy South
- Commodity: silver
- Region: canada\_mb
- Reported Region: canada\_mb
- Ticker: NICN

#### Geometry

- Grade: 14.8
- Grade Unit: g/t
- Intercept: 2 m
- From: 57.4 m
- To: 59.4 m
- Intercept Depth: 57.4 m

#### Classification

- Deposit Type: orogenic
- Sample Type: drill
- Group ID: 17BN01 incl.:57.4-59.4
- Mining Method: open\_pit

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Expanded from assay table. 14.8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 29.6 g/t·m is below.

- Negative factor: 14.8 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 14.80

Context: 17BN01 incl.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "Initial exploration activities will focus on the Pipy South Project, which is adjacent to the Mystery Lake South area, l"

## 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.