NiCAN Intersects Broad Zones of Gold Mineralization at Pipy South, Thompson, Manitoba

Original announcement by cnw on

Company
NiCAN Limited
Ticker
NICN
Exchange
Unavailable
Region
Manitoba
Primary commodity
Gold
Secondary commodities
Silver, Lead
Document categories
Drill results
Extracted
2026-09-14 11:35:38 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

NiCAN Limited announced positive assay results from the first seven holes of its 16-hole diamond drill program at the Pipy South Property in Thompson, Manitoba. The drilling confirmed broad zones of gold mineralization, extending the Horseshoe Gold zone at least 400m along strike. The results also identified a larger, geologically similar target to the south, significantly expanding the exploration potential of the property.

Reasoning: The drill results confirm and extend gold mineralization along strike, identifying a larger target, which is highly positive for an exploration project, supported by robust QA/QC, despite the lack of true width determination and cut-off grade disclosure.

Positive factors

  • Broad zones of gold mineralization intersected
  • Mineralization extended 400m along strike, confirming continuity
  • Identification of a larger, geologically similar target for future exploration
  • Robust QA/QC program disclosed with certified laboratories
  • Qualified Person sign-off on technical information

Negative factors

  • True widths of intercepts have not been determined
  • Assay results for some commodities are pending for initial holes
  • Cut-off grade for compositing intervals is not disclosed

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

Facts used in scoring: 32

Classification and evidence

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 document explicitly states that 'True widths have not been determined' for the reported intercepts, meaning only downhole lengths are provided.

Evidence · text

“Note: True widths have not been determined”

QA/QC Disclosedpositive

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

Why it applies: The release details a vigorous QA/QC program including the regular submission of certified standards, blanks, and duplicates, and mentions independent certified laboratories.

Evidence · text

“NiCAN employed a vigorous QAQC program which entailed the regular submission of certified standards, blanks and duplicates within the sample stream.”

QP/CP Signedpositive · Story-specific tag

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: Mr. Bill Nielsen, P.Geo, is named as a Qualified Person under NI 43-101 who reviewed and approved the scientific and technical information in the press release.

Evidence · text

“Mr. Bill Nielsen, 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 Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The results confirm that the Horseshoe Gold zone extends at least 400m along strike beyond previously reported discovery intersections, indicating a successful step-out.

Evidence · text

“Results confirm that the Horseshoe Gold zone extends at least 400m along strike beyond the discovery intersections reported in early 2026”

Cut-off Undisclosednegative

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

Why it applies: The document does not state the cut-off grade used for compositing the reported drill intervals.

Evidence · text

“The document does not state the cut-off grade used for compositing the reported drill intervals.”

Bonanza Interceptpositive

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

Why it applies: Hole PG26-07 intersected 2.0 metres averaging 8.01 g/t Au, which is above the 5 g/t Au threshold for exceptional gold grades.

Evidence · table

“8.01”

Context: 2.0

Extracted facts

Stored fact records: 32. Some facts used in scoring do not have a stored record.

Drill Results (32)

PG26-01Pipy South · goldGrade: 0.91Grade Unit: g/tIntercept: 3.5 mView all details
Link to this fact

Identity

Hole ID
PG26-01
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.91
Grade Unit
g/t
Intercept
3.5 m
From
38 m
To
41.5 m
Hole Depth
80 m
Intercept Depth
38 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-01:38-41.5
Mining Method
unknown

Location

Easting
577389
Northing
6195772
Elevation
222 m
Azimuth
45 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This intercept confirms gold mineralization but is of moderate grade and narrow width, typical for early exploration.

Positive factors

  • Confirms gold mineralization in the area

Negative factors

  • Moderate grade for gold
  • Narrow intercept length
  • True width not determined

Evidence · table

“0.91”

Context: 3.5

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

PG26-01Pipy South · goldGrade: 1.26Grade Unit: g/tIntercept: 12.7 mView all details
Link to this fact

Identity

Hole ID
PG26-01
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
1.26
Grade Unit
g/t
Intercept
12.7 m
From
48.5 m
To
61.2 m
Hole Depth
80 m
Intercept Depth
38 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-01:48.5-61.2
Mining Method
unknown

Location

Easting
577389
Northing
6195772
Elevation
222 m
Azimuth
45 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This intercept shows moderate gold grade over a good width, confirming the continuity of mineralization in the area.

Positive factors

  • Moderate gold grade over a good width
  • Confirms continuity of mineralization

Negative factors

  • True width not determined

Evidence · table

“1.26”

Context: 12.7

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

PG26-03Pipy South · goldGrade: 0.89Grade Unit: g/tIntercept: 7.55 mView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.89
Grade Unit
g/t
Intercept
7.55 m
From
12.5 m
To
20.05 m
Hole Depth
137 m
Intercept Depth
12.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-03:12.5-20.05
Mining Method
unknown

Location

Easting
577358
Northing
6195863
Elevation
223 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This intercept shows polymetallic mineralization, confirming the presence of gold, silver, and lead in a new drill section, though gold grade is moderate.

Positive factors

  • Polymetallic mineralization (Au, Ag, Pb)
  • Confirms mineralization in a new section

Negative factors

  • Moderate gold grade
  • Narrow intercept length
  • True width not determined

Evidence · table

“0.89”

Context: 7.55

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-03Pipy South · silverGrade: 3.54Grade Unit: g/tIntercept: 7.55 mView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
3.54
Grade Unit
g/t
Intercept
7.55 m
From
12.5 m
To
20.05 m
Hole Depth
137 m
Intercept Depth
12.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-03:12.5-20.05
Mining Method
unknown

Location

Easting
577358
Northing
6195863
Elevation
223 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver is present as a byproduct, but the grade is low and not a primary driver of value.

Positive factors

  • Presence of silver as a byproduct

Negative factors

  • Low silver grade
  • True width not determined

Evidence · table

“3.54”

Context: 7.55

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-03Pipy South · leadGrade: 0.05Grade Unit: %Intercept: 7.55 mView all details
Link to this fact

Identity

Hole ID
PG26-03
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.05
Grade Unit
%
Intercept
7.55 m
From
12.5 m
To
20.05 m
Hole Depth
137 m
Intercept Depth
12.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-03:12.5-20.05
Mining Method
unknown

Location

Easting
577358
Northing
6195863
Elevation
223 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Lead is present as a trace element, but the grade is very low and not economically significant.

Positive factors

  • Presence of lead as a byproduct

Negative factors

  • Very low lead grade
  • True width not determined

Evidence · table

“0.05”

Context: 7.55

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-05Pipy South · goldGrade: 0.77Grade Unit: g/tIntercept: 29 mView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.77
Grade Unit
g/t
Intercept
29 m
From
40 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:40-69
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This broad intercept with moderate gold grade and polymetallic mineralization is a positive indicator for the project's scale and continuity.

Positive factors

  • Broad intercept length (29.0m)
  • Polymetallic mineralization (Au, Ag, Pb)
  • Confirms continuity of mineralization

Negative factors

  • Moderate gold grade
  • True width not determined

Evidence · table

“0.77”

Context: 29.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-05Pipy South · silverGrade: 12.83Grade Unit: g/tIntercept: 29 mView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
12.83
Grade Unit
g/t
Intercept
29 m
From
40 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:40-69
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver is present as a byproduct over a broad interval, adding to the polymetallic nature of the mineralization.

Positive factors

  • Presence of silver as a byproduct over a broad interval

Negative factors

  • Moderate silver grade
  • True width not determined

Evidence · table

“12.83”

Context: 29.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-05Pipy South · leadGrade: 0.79Grade Unit: %Intercept: 29 mView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.79
Grade Unit
%
Intercept
29 m
From
40 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:40-69
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Lead is present as a byproduct over a broad interval, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Presence of lead as a byproduct over a broad interval

Negative factors

  • Moderate lead grade
  • True width not determined

Evidence · table

“0.79”

Context: 29.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-05Pipy South · goldGrade: 1.17Grade Unit: g/tIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
1.17
Grade Unit
g/t
Intercept
12 m
From
57 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:57-69
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows a higher gold grade within a significant intercept, indicating a more concentrated zone of mineralization.

Positive factors

  • Higher gold grade within a significant interval
  • Polymetallic mineralization (Au, Ag, Pb)

Negative factors

  • True width not determined

Evidence · table

“1.17”

Context: 12.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-05Pipy South · silverGrade: 27.77Grade Unit: g/tIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
27.77
Grade Unit
g/t
Intercept
12 m
From
57 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:57-69
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver grade is higher within this sub-interval, indicating a more concentrated zone of polymetallic mineralization.

Positive factors

  • Higher silver grade within the sub-interval

Negative factors

  • True width not determined

Evidence · table

“27.77”

Context: 12.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-05Pipy South · leadGrade: 1.86Grade Unit: %Intercept: 12 mView all details
Link to this fact

Identity

Hole ID
PG26-05
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
1.86
Grade Unit
%
Intercept
12 m
From
57 m
To
69 m
Hole Depth
134 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-05:57-69
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Lead grade is higher within this sub-interval, contributing to the overall polymetallic nature of the mineralization.

Positive factors

  • Higher lead grade within the sub-interval

Negative factors

  • True width not determined

Evidence · table

“1.86”

Context: 12.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-06Pipy South · goldGrade: 0.65Grade Unit: g/tIntercept: 75 mView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.65
Grade Unit
g/t
Intercept
75 m
From
50 m
To
125 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:50-125
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This exceptionally broad intercept, despite moderate gold grade, indicates a significant scale of polymetallic mineralization, which is highly positive for the project.

Positive factors

  • Very broad intercept length (75.0m)
  • Polymetallic mineralization (Au, Ag, Pb)
  • Indicates significant scale of mineralization

Negative factors

  • Moderate gold grade
  • True width not determined

Evidence · table

“0.65”

Context: 75.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-06Pipy South · silverGrade: 11.55Grade Unit: g/tIntercept: 75 mView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
11.55
Grade Unit
g/t
Intercept
75 m
From
50 m
To
125 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:50-125
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver is present as a byproduct over a very broad interval, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Presence of silver as a byproduct over a very broad interval

Negative factors

  • Moderate silver grade
  • True width not determined

Evidence · table

“11.55”

Context: 75.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-06Pipy South · leadGrade: 0.56Grade Unit: %Intercept: 75 mView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.56
Grade Unit
%
Intercept
75 m
From
50 m
To
125 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:50-125
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Lead is present as a byproduct over a very broad interval, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Presence of lead as a byproduct over a very broad interval

Negative factors

  • Moderate lead grade
  • True width not determined

Evidence · table

“0.56”

Context: 75.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-06Pipy South · goldGrade: 1.05Grade Unit: g/tIntercept: 28.3 mView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
1.05
Grade Unit
g/t
Intercept
28.3 m
From
78.8 m
To
107 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:78.8-107
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows a higher gold grade over a strong width, indicating a more concentrated zone of polymetallic mineralization within the broader intercept.

Positive factors

  • Higher gold grade within a significant interval
  • Strong intercept length (28.3m)
  • Polymetallic mineralization (Au, Ag, Pb)

Negative factors

  • True width not determined

Evidence · table

“1.05”

Context: 28.3

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

PG26-06Pipy South · silverGrade: 22.56Grade Unit: g/tIntercept: 28.3 mView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
22.56
Grade Unit
g/t
Intercept
28.3 m
From
78.8 m
To
107 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:78.8-107
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver grade is higher within this sub-interval, contributing to the overall polymetallic nature of the mineralization.

Positive factors

  • Higher silver grade within the sub-interval

Negative factors

  • True width not determined

Evidence · table

“22.56”

Context: 28.3

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

PG26-06Pipy South · leadGrade: 0.95Grade Unit: %Intercept: 28.3 mView all details
Link to this fact

Identity

Hole ID
PG26-06
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.95
Grade Unit
%
Intercept
28.3 m
From
78.8 m
To
107 m
Hole Depth
155 m
Intercept Depth
50 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-06:78.8-107
Mining Method
unknown

Location

Easting
577396
Northing
6195760
Elevation
218 m
Azimuth
45 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Lead grade is higher within this sub-interval, contributing to the overall polymetallic nature of the mineralization.

Positive factors

  • Higher lead grade within the sub-interval

Negative factors

  • True width not determined

Evidence · table

“0.95”

Context: 28.3

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

PG26-07Pipy South · goldGrade: 0.9Grade Unit: g/tIntercept: 30 mView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.9
Grade Unit
g/t
Intercept
30 m
From
25 m
To
55 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:25-55
Mining Method
unknown

Location

Easting
577462
Northing
6195853
Elevation
229 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This broad intercept with moderate gold grade and polymetallic mineralization is a positive indicator for the project's scale and continuity.

Positive factors

  • Broad intercept length (30.0m)
  • Polymetallic mineralization (Au, Ag, Pb)
  • Confirms continuity of mineralization

Negative factors

  • Moderate gold grade
  • True width not determined

Evidence · table

“0.90”

Context: 30.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-07Pipy South · silverGrade: 5.19Grade Unit: g/tIntercept: 30 mView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
5.19
Grade Unit
g/t
Intercept
30 m
From
25 m
To
55 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:25-55
Mining Method
unknown

Location

Easting
577462
Northing
6195853
Elevation
229 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver is present as a byproduct over a broad interval, adding to the polymetallic nature of the mineralization.

Positive factors

  • Presence of silver as a byproduct over a broad interval

Negative factors

  • Moderate silver grade
  • True width not determined

Evidence · table

“5.19”

Context: 30.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-07Pipy South · leadGrade: 0.21Grade Unit: %Intercept: 30 mView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.21
Grade Unit
%
Intercept
30 m
From
25 m
To
55 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:25-55
Mining Method
unknown

Location

Easting
577462
Northing
6195853
Elevation
229 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Lead is present as a byproduct over a broad interval, contributing to the polymetallic nature of the mineralization.

Positive factors

  • Presence of lead as a byproduct over a broad interval

Negative factors

  • Moderate lead grade
  • True width not determined

Evidence · table

“0.21”

Context: 30.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-07Pipy South · goldGrade: 8.01Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
8.01
Grade Unit
g/t
Intercept
2 m
From
32 m
To
34 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:32-34
Mining Method
unknown

Location

Easting
577462
Northing
6195853
Elevation
229 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: This intercept represents a bonanza gold grade, indicating a high-grade zone within the broader mineralization, despite its narrow width.

Positive factors

  • Exceptional gold grade (8.01 g/t Au)
  • Polymetallic mineralization (Au, Ag, Pb)

Negative factors

  • Very narrow intercept length (2.0m)
  • True width not determined

Evidence · table

“8.01”

Context: 2.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-07Pipy South · silverGrade: 59.1Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
59.1
Grade Unit
g/t
Intercept
2 m
From
32 m
To
34 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:32-34
Mining Method
unknown

Location

Easting
577462
Northing
6195853
Elevation
229 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Silver grade is high within this narrow sub-interval, contributing significantly to the polymetallic nature of the high-grade zone.

Positive factors

  • High silver grade within the sub-interval

Negative factors

  • Very narrow intercept length (2.0m)
  • True width not determined

Evidence · table

“59.1”

Context: 2.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

PG26-07Pipy South · leadGrade: 2.17Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
PG26-07
Project
Pipy South
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
2.17
Grade Unit
%
Intercept
2 m
From
32 m
To
34 m
Hole Depth
167 m
Intercept Depth
25 m

Classification

Program
exploration
Sample Type
drill
Group ID
PG26-07:32-34
Mining Method
unknown

Location

Easting
577462
Northing
6195853
Elevation
229 m
Azimuth
90 °
Dip
-50 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Lead grade is high within this narrow sub-interval, contributing significantly to the polymetallic nature of the high-grade zone.

Positive factors

  • High lead grade within the sub-interval

Negative factors

  • Very narrow intercept length (2.0m)
  • True width not determined

Evidence · table

“2.17”

Context: 2.0

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

includeswhile also significantly advancing our understanding of the geology controlling the · goldGrade: 1.17Grade Unit: g/tIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
1.17
Grade Unit
g/t
Intercept
12 m
From
57 m
To
69 m
Intercept Depth
57 m

Classification

Sample Type
drill
Group ID
includes:57-69
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 1.17 g/t gold is moderate against the default band [5, 2, 1, 0.3] g/t. Grade×width 14.0 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.17”

Context: includes

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

includeswhile also significantly advancing our understanding of the geology controlling the · silverGrade: 27.77Grade Unit: g/tIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
27.77
Grade Unit
g/t
Intercept
12 m
From
57 m
To
69 m
Intercept Depth
57 m

Classification

Sample Type
drill
Group ID
includes:57-69
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 27.77 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 333.2 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“27.77”

Context: includes

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

includeswhile also significantly advancing our understanding of the geology controlling the · leadGrade: 1.86Grade Unit: %Intercept: 12 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
1.86
Grade Unit
%
Intercept
12 m
From
57 m
To
69 m
Intercept Depth
57 m

Classification

Sample Type
drill
Group ID
includes:57-69
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 1.86 % lead is weak against the default band [10, 6, 3, 1] %. Grade×width 22.3 %·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.86”

Context: includes

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

includeswhile also significantly advancing our understanding of the geology controlling the · goldGrade: 1.05Grade Unit: g/tIntercept: 28.3 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
1.05
Grade Unit
g/t
Intercept
28.3 m
From
78.8 m
To
107 m
Intercept Depth
78.8 m

Classification

Sample Type
drill
Group ID
includes:78.8-107
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 1.05 g/t gold is moderate against the default band [5, 2, 1, 0.3] g/t. Grade×width 29.7 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.05”

Context: includes

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

includeswhile also significantly advancing our understanding of the geology controlling the · silverGrade: 22.56Grade Unit: g/tIntercept: 28.3 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
22.56
Grade Unit
g/t
Intercept
28.3 m
From
78.8 m
To
107 m
Intercept Depth
78.8 m

Classification

Sample Type
drill
Group ID
includes:78.8-107
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 22.56 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 638.4 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“22.56”

Context: includes

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

includeswhile also significantly advancing our understanding of the geology controlling the · leadGrade: 0.95Grade Unit: %Intercept: 28.3 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
0.95
Grade Unit
%
Intercept
28.3 m
From
78.8 m
To
107 m
Intercept Depth
78.8 m

Classification

Sample Type
drill
Group ID
includes:78.8-107
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 0.95 % lead is weak against the default band [10, 6, 3, 1] %. Grade×width 26.9 %·m is weak (grade alone is below; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.95”

Context: includes

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

includeswhile also significantly advancing our understanding of the geology controlling the · goldGrade: 8.01Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
8.01
Grade Unit
g/t
Intercept
2 m
From
32 m
To
34 m
Intercept Depth
32 m

Classification

Sample Type
drill
Group ID
includes:32-34
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 8.01 g/t gold is exceptional against the default band [5, 2, 1, 0.3] g/t. Grade×width 16.0 g/t·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 8.01 g/t gold is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“8.01”

Context: includes

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

includeswhile also significantly advancing our understanding of the geology controlling the · silverGrade: 59.1Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
silver
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
59.1
Grade Unit
g/t
Intercept
2 m
From
32 m
To
34 m
Intercept Depth
32 m

Classification

Sample Type
drill
Group ID
includes:32-34
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 59.1 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 118.2 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“59.1”

Context: includes

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

includeswhile also significantly advancing our understanding of the geology controlling the · leadGrade: 2.17Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
includes
Project
while also significantly advancing our understanding of the geology controlling the
Commodity
lead
Region
canada_mb
Reported Region
canada_mb
Ticker
NICN

Geometry

Grade
2.17
Grade Unit
%
Intercept
2 m
From
32 m
To
34 m
Intercept Depth
32 m

Classification

Sample Type
drill
Group ID
includes:32-34
Mining Method
unknown

QA/QC

Laboratory
Paragon Geochemical Laboratory and Agat Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-14T00:00:00.000Z

Reasoning: Expanded from assay table. 2.17 % lead is weak against the default band [10, 6, 3, 1] %. Grade×width 4.3 %·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.17”

Context: includes

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

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.