Nord Reports Updated Gowganda Tailings Indicated Mineral Resource of 2.814 Million Ounces of Silver at 47.4 g/t
Original announcement by orestocks on
- Company
- Nord Precious Metals Mining Inc.
- Ticker
- NTH.V
- Exchange
- Unavailable
- Region
- Ontario
- Primary commodity
- Silver
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-15 13:35:47 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Nord Precious Metals Mining Inc. has reported an updated Indicated Mineral Resource for the Gowganda Silver Tailings Project in Ontario, totaling 1.845 million tonnes at 47.4 g/t silver (2.814 million ounces). The estimate, prepared by GeoVector Management Inc., covers four domains including Main Tailings and South Tailings, using a 10 g/t Ag cut-off grade.
Reasoning: The update provides a defined Indicated resource for the Gowganda tailings, though it relies heavily on historical data and a 2007 metallurgical benchmark.
Positive factors
- Indicated resource established
- Defined silver inventory
- QP signed off
- NI 43-101 compliant
Negative factors
- Relies on historical tailings data
- Historical data cannot be fully verified
Facts used in scoring: 4
Classification and evidence
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The entire resource is classified as Indicated.
Evidence · text
“comprises an Indicated Mineral Resource”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Duncan Studd, M.Sc., P.Geo. of GeoVector is responsible and an independent QP.
Evidence · text
“Duncan Studd, M.Sc., P.Geo. of GeoVector is responsible... and is an independent Qualified Person”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource is prepared in accordance with NI 43-101 standards.
Evidence · text
“as defined by NI 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A base case cut-off grade of 10 g/t Ag is clearly stated.
Evidence · text
“at a 10 g/t silver cut-off grade”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedGowganda Silver Tailings Project · silverTonnes: 1762000Grade: 46.3Grade Unit: g/tContained Metal: 2622000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Silver Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:470fab35cf63c5bbf4b7
- Deposit or zone
- Main Tailings
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1762000
- Grade
- 46.3
- Grade Unit
- g/t
- Contained Metal
- 2622000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Lab
- Laboratory
- ALS Geochemistry
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Main tailings domain provides the bulk of the resource.
Positive factors
- Indicated category
Negative factors
- Historical data reliance
Evidence · table
“46.3”
Context: 1,762,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Silver Tailings Project · silverTonnes: 52000Grade: 42.9Grade Unit: g/tContained Metal: 72000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Silver Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:e14ecece65589e3e876a
- Deposit or zone
- South Tailings
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 52000
- Grade
- 42.9
- Grade Unit
- g/t
- Contained Metal
- 72000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Lab
- Laboratory
- ALS Geochemistry
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Smaller secondary domain.
Evidence · table
“42.9”
Context: 52,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Silver Tailings Project · silverTonnes: 10000Grade: 96.5Grade Unit: g/tContained Metal: 31000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Silver Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:96adceb2ce2257b33b32
- Deposit or zone
- Outflow One
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 10000
- Grade
- 96.5
- Grade Unit
- g/t
- Contained Metal
- 31000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Lab
- Laboratory
- ALS Geochemistry
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: High grade intercept in outflow domain.
Positive factors
- High grade
Evidence · table
“96.5”
Context: 10,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedGowganda Silver Tailings Project · silverTonnes: 21000Grade: 134Grade Unit: g/tContained Metal: 89000Contained Unit: ozView all detailsHide details
Identity
- Project
- Gowganda Silver Tailings Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NTH.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-01T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Duncan Studd
- Resource group id
- resource:5f287afb3bb81599742f
- Deposit or zone
- Outflow Two
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 21000
- Grade
- 134
- Grade Unit
- g/t
- Contained Metal
- 89000
- Contained Unit
- oz
- Cutoff Grade
- 10
- Cutoff Unit
- g/t Ag
Prior Estimate
- Resource Date
- 2026-08-01
Lab
- Laboratory
- ALS Geochemistry
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-15T00:00:00.000Z
Reasoning: Highest grade domain in the estimate.
Positive factors
- High grade
Evidence · table
“134.0”
Context: 21,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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.