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

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad

Original source: https://www.newswire.ca/news-releases/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manitoba-868943340.html

Publisher: cnw

Original announcement: 2026-09-14T11:32:03.534Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Broad zones of gold mineralization intersected

- Positive factor: Mineralization extended 400m along strike, confirming continuity

- Positive factor: Identification of a larger, geologically similar target for future exploration

- Positive factor: Robust QA/QC program disclosed with certified laboratories

- Positive factor: Qualified Person sign-off on technical information

- Negative factor: True widths of intercepts have not been determined

- Negative factor: Assay results for some commodities are pending for initial holes

- Negative factor: 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 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 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 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 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 Signed**

Polarity: positive

Story-specific tag

Definition: 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 Extension**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

Definition: 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 Intercept**

Polarity: positive

Definition: 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)

### PG26-01

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-0)

Pipy South · gold

#### 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 factor: Confirms gold mineralization in the area

- Negative factor: Moderate grade for gold

- Negative factor: Narrow intercept length

- Negative factor: True width not determined

Evidence · table

> 0.91

Context: 3.5

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-01

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-1)

Pipy South · gold

#### 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 factor: Moderate gold grade over a good width

- Positive factor: Confirms continuity of mineralization

- Negative factor: True width not determined

Evidence · table

> 1.26

Context: 12.7

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-03

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-2)

Pipy South · gold

#### 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 factor: Polymetallic mineralization \(Au, Ag, Pb\)

- Positive factor: Confirms mineralization in a new section

- Negative factor: Moderate gold grade

- Negative factor: Narrow intercept length

- Negative factor: True width not determined

Evidence · table

> 0.89

Context: 7.55

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-03

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-3)

Pipy South · silver

#### 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 factor: Presence of silver as a byproduct

- Negative factor: Low silver grade

- Negative factor: True width not determined

Evidence · table

> 3.54

Context: 7.55

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-03

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-4)

Pipy South · lead

#### 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 factor: Presence of lead as a byproduct

- Negative factor: Very low lead grade

- Negative factor: True width not determined

Evidence · table

> 0.05

Context: 7.55

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-5)

Pipy South · gold

#### 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 factor: Broad intercept length \(29.0m\)

- Positive factor: Polymetallic mineralization \(Au, Ag, Pb\)

- Positive factor: Confirms continuity of mineralization

- Negative factor: Moderate gold grade

- Negative factor: True width not determined

Evidence · table

> 0.77

Context: 29.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-6)

Pipy South · silver

#### 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 factor: Presence of silver as a byproduct over a broad interval

- Negative factor: Moderate silver grade

- Negative factor: True width not determined

Evidence · table

> 12.83

Context: 29.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-7)

Pipy South · lead

#### 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 factor: Presence of lead as a byproduct over a broad interval

- Negative factor: Moderate lead grade

- Negative factor: True width not determined

Evidence · table

> 0.79

Context: 29.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-8)

Pipy South · gold

#### 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 factor: Higher gold grade within a significant interval

- Positive factor: Polymetallic mineralization \(Au, Ag, Pb\)

- Negative factor: True width not determined

Evidence · table

> 1.17

Context: 12.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-9)

Pipy South · silver

#### 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 factor: Higher silver grade within the sub-interval

- Negative factor: True width not determined

Evidence · table

> 27.77

Context: 12.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-05

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-10)

Pipy South · lead

#### 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 factor: Higher lead grade within the sub-interval

- Negative factor: True width not determined

Evidence · table

> 1.86

Context: 12.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-11)

Pipy South · gold

#### 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 factor: Very broad intercept length \(75.0m\)

- Positive factor: Polymetallic mineralization \(Au, Ag, Pb\)

- Positive factor: Indicates significant scale of mineralization

- Negative factor: Moderate gold grade

- Negative factor: True width not determined

Evidence · table

> 0.65

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-12)

Pipy South · silver

#### 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 factor: Presence of silver as a byproduct over a very broad interval

- Negative factor: Moderate silver grade

- Negative factor: True width not determined

Evidence · table

> 11.55

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-13)

Pipy South · lead

#### 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 factor: Presence of lead as a byproduct over a very broad interval

- Negative factor: Moderate lead grade

- Negative factor: True width not determined

Evidence · table

> 0.56

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-14)

Pipy South · gold

#### 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 factor: Higher gold grade within a significant interval

- Positive factor: Strong intercept length \(28.3m\)

- Positive factor: Polymetallic mineralization \(Au, Ag, Pb\)

- Negative factor: True width not determined

Evidence · table

> 1.05

Context: 28.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-15)

Pipy South · silver

#### 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 factor: Higher silver grade within the sub-interval

- Negative factor: True width not determined

Evidence · table

> 22.56

Context: 28.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-06

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-16)

Pipy South · lead

#### 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 factor: Higher lead grade within the sub-interval

- Negative factor: True width not determined

Evidence · table

> 0.95

Context: 28.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-17)

Pipy South · gold

#### 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 factor: Broad intercept length \(30.0m\)

- Positive factor: Polymetallic mineralization \(Au, Ag, Pb\)

- Positive factor: Confirms continuity of mineralization

- Negative factor: Moderate gold grade

- Negative factor: True width not determined

Evidence · table

> 0.90

Context: 30.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-18)

Pipy South · silver

#### 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 factor: Presence of silver as a byproduct over a broad interval

- Negative factor: Moderate silver grade

- Negative factor: True width not determined

Evidence · table

> 5.19

Context: 30.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-19)

Pipy South · lead

#### 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 factor: Presence of lead as a byproduct over a broad interval

- Negative factor: Moderate lead grade

- Negative factor: True width not determined

Evidence · table

> 0.21

Context: 30.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-20)

Pipy South · gold

#### 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 factor: Exceptional gold grade \(8.01 g/t Au\)

- Positive factor: Polymetallic mineralization \(Au, Ag, Pb\)

- Negative factor: Very narrow intercept length \(2.0m\)

- Negative factor: True width not determined

Evidence · table

> 8.01

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-21)

Pipy South · silver

#### 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 factor: High silver grade within the sub-interval

- Negative factor: Very narrow intercept length \(2.0m\)

- Negative factor: True width not determined

Evidence · table

> 59.1

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### PG26-07

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-22)

Pipy South · lead

#### 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 factor: High lead grade within the sub-interval

- Negative factor: Very narrow intercept length \(2.0m\)

- Negative factor: True width not determined

Evidence · table

> 2.17

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-23)

while also significantly advancing our understanding of the geology controlling the · gold

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

Evidence · table

> 1.17

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-24)

while also significantly advancing our understanding of the geology controlling the · silver

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

Evidence · table

> 27.77

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-25)

while also significantly advancing our understanding of the geology controlling the · lead

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

Evidence · table

> 1.86

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-26)

while also significantly advancing our understanding of the geology controlling the · gold

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

Evidence · table

> 1.05

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-27)

while also significantly advancing our understanding of the geology controlling the · silver

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

Evidence · table

> 22.56

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-28)

while also significantly advancing our understanding of the geology controlling the · lead

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

Evidence · table

> 0.95

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-29)

while also significantly advancing our understanding of the geology controlling the · gold

#### 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 factor: 8.01 g/t gold is exceptional on the default band.

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

Evidence · table

> 8.01

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-30)

while also significantly advancing our understanding of the geology controlling the · silver

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

Evidence · table

> 59.1

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/nican-intersects-broad-zones-of-gold-mineralization-at-pipy-south-thompson-manit--975d42bf-c7cf-4b10-bd1b-143fb67a7fad#fact-drill-facts-31)

while also significantly advancing our understanding of the geology controlling the · lead

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

Evidence · table

> 2.17

Context: includes

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.