# ONGold Advances Geological and Structural Understanding of the Monument Bay Gold & Tungsten Deposit Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e Original source: https://money.tmx.com/en/quote/ONAU/news/5659965624683739/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold Publisher: tmx Original announcement: 2026-03-02T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: ONGold Resources Ltd. - Ticker: ONAU - Exchange: TSX - Region: Ontario - Primary commodity: Gold - Secondary commodities: Tungsten - Document categories: Drill results, Resource update - Extracted: 2026-09-18 15:03:59 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary ONGold Resources Ltd. has concluded a geological re-logging and infill sampling program at the Monument Bay gold-tungsten project, identifying high-grade gold intercepts including 691.09 g/t Au over 0.65m. The program confirms gold continuity along a 4.2 km strike and supports an upcoming 2026 mineral resource estimate. The company also announced the departure of its President, effective March 31, 2026. Reasoning: The announcement provides significant geological updates and high-grade historical intercepts that support an upcoming resource estimate, though it also notes a leadership change. - Positive factor: High-grade gold intercepts identified during re-logging - Positive factor: Confirmation of gold grade continuity along 4.2 km strike - Positive factor: Deposit remains open at depth and to the east - Positive factor: Improved geological model to support upcoming 2026 resource estimate - Negative factor: President leaving the company - Negative factor: Reliance on historical data requiring verification Facts used in scoring: 15 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 691.09 g/t Au over 0.65m is exceptionally high grade. Evidence · text > 691.09 g/t Au over 0.65m **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: Release details specific QA/QC protocols including standards, blanks, and secondary lab verification. Evidence · text > Coarse blanks and certified reference standards \(Oreas\) as inserted by the geologist into the sample stream every 10th sample. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document discusses a historical resource that includes an Inferred component. Evidence · text > 720,000 gold ounces \(24.4 million tonnes at an average grade of 0.92 g/t\) in the "Inferred" Mineral Resources category ## Extracted facts Stored fact records: 15. Some facts used in scoring do not have a stored record. ## Drill Results (13) ### TL16-575 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-0) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL16-575 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 6.15 - Grade Unit: g/t - Intercept: 132 m - From: 151 m - To: 283 m - Intercept Depth: 151 m #### Classification - Sample Type: drill - Group ID: TL16-575:151-283 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2016-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: High grade intercept identified during re-logging. - Positive factor: Strong grade over a significant width Evidence · text > TL16-575 returned 6.15 g/t Au over a core length of 132m #### 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 ### TL16-575 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-1) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL16-575 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 163.92 - Grade Unit: g/t - Intercept: 2.75 m - From: 171.25 m - To: 174 m - Intercept Depth: 171.25 m #### Classification - Sample Type: drill - Group ID: TL16-575:171.25-174 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2016-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Extremely high grade sub-interval. - Positive factor: Bonanza grade intercept Evidence · text > 163.92 g/t Au over 2.75m #### 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 ### TL16-575 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-2) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL16-575 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 691.09 - Grade Unit: g/t - Intercept: 0.65 m - From: 171.25 m - To: 171.9 m - Intercept Depth: 171.25 m #### Classification - Sample Type: drill - Group ID: TL16-575:171.25-171.9 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2016-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Exceptional grade intercept. - Positive factor: Bonanza grade intercept Evidence · text > 691.09 g/t Au over 0.65m #### 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 ### TL-14-514 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-3) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-14-514 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 1.84 - Grade Unit: g/t - Intercept: 90.26 m - From: 69 m - To: 159.26 m - Intercept Depth: 69 m #### Classification - Sample Type: drill - Group ID: TL-14-514:69-159.26 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2014-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. - Positive factor: Significant width Evidence · text > TL-14-514 : 1.84 g/t Au over 90.26m #### 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 ### TL-14-514 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-4) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-14-514 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 10.23 - Grade Unit: g/t - Intercept: 10.8 m - From: 73.6 m - To: 84.4 m - Intercept Depth: 73.6 m #### Classification - Sample Type: drill - Group ID: TL-14-514:73.6-84.4 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2014-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. - Positive factor: High grade sub-interval Evidence · text > including 10.23 g/t Au over 10.80m #### 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 ### TL-07-344 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-5) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-07-344 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 1.93 - Grade Unit: g/t - Intercept: 61.1 m - From: 224.5 m - To: 285.6 m - Intercept Depth: 224.5 m #### Classification - Sample Type: drill - Group ID: TL-07-344:224.5-285.6 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2007-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. Evidence · text > TL-07-344: 1.93 g/t Au over 61.10m #### 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 ### TL-07-344 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-6) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-07-344 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 6.68 - Grade Unit: g/t - Intercept: 15 m - From: 224.5 m - To: 239.5 m - Intercept Depth: 224.5 m #### Classification - Sample Type: drill - Group ID: TL-07-344:224.5-239.5 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2007-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. Evidence · text > including 6.68 g/t Au over 15.0 m #### 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 ### DH91-64 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-7) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: DH91-64 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 0.67 - Grade Unit: g/t - Intercept: 43.5 m - From: 43.5 m - To: 87 m - Intercept Depth: 43.5 m #### Classification - Sample Type: drill - Group ID: DH91-64:43.5-87 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 1991-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. Evidence · text > DH91-64: 0.67 g/t Au over 43.5 m #### 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 ### TL-12-473 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-8) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-12-473 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 0.77 - Grade Unit: g/t - Intercept: 107 m - From: 122 m - To: 229 m - Intercept Depth: 122 m #### Classification - Sample Type: drill - Group ID: TL-12-473:122-229 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2012-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. Evidence · text > TL-12-473: 0.77 g/t Au over 107 m #### 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 ### TL-12-473 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-9) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-12-473 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 1.51 - Grade Unit: g/t - Intercept: 22 m - From: 170 m - To: 192 m - Intercept Depth: 170 m #### Classification - Sample Type: drill - Group ID: TL-12-473:170-192 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2012-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. Evidence · text > including 1.51 g/t Au over 22.00m #### 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 ### TL-06-319 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-10) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-06-319 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 0.93 - Grade Unit: g/t - Intercept: 108.6 m - From: 233.4 m - To: 342 m - Intercept Depth: 233.4 m #### Classification - Sample Type: drill - Group ID: TL-06-319:233.4-342 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2006-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. Evidence · text > TL-06-319: 0.93 g/t Au over 108.60 m #### 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 ### TL-06-319 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-11) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-06-319 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 1.49 - Grade Unit: g/t - Intercept: 34.06 m - From: 238.04 m - To: 272.1 m - Intercept Depth: 238.04 m #### Classification - Sample Type: drill - Group ID: TL-06-319:238.04-272.1 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2006-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. Evidence · text > including 1.49 g/t Au over 34.06m #### 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 ### TL-06-319 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-drill-facts-12) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TL-06-319 - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: ONAU #### Geometry - Grade: 2.875 - Grade Unit: g/t - Intercept: 5.14 m - From: 266.96 m - To: 272.1 m - Intercept Depth: 266.96 m #### Classification - Sample Type: drill - Group ID: TL-06-319:266.96-272.1 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2006-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical composite. Evidence · text > 2.875 g/t Au over 5.14m #### 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 ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-resource-facts-13) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: ONAU #### Resource scope - Estimate type: resource - Resource group id: resource:4ddae2cfe7dc21e379e2 #### Resource Data - Category: indicated - Tonnes: 58000000 - Grade: 1.24 - Grade Unit: g/t - Contained Metal: 2300000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical resource estimate from 2017. - Negative factor: Historical estimate should not be relied upon Evidence · text > historical gold mineral estimate of approximately 2.3 million gold ounces \(58.0 million tonnes at an average grade of 1.24 g/t\) in the "Measured" and "Indicated" Mineral Resources categories #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 9.2 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-advances-geological-and-structural-understanding-of-the-monument-bay-gold--d7b9aa45-bac5-4e90-b50f-0b2826aed93e#fact-resource-facts-14) Monument Bay · gold Historical result Needs review: historical\_restatement #### Identity - Project: Monument Bay - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: ONAU #### Resource scope - Estimate type: resource - Resource group id: resource:372a790d438bb33afe1b #### Resource Data - Category: inferred - Tonnes: 24400000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 720000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2017-01-01T00:00:00.000Z #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Historical resource estimate from 2017. - Negative factor: Historical estimate should not be relied upon Evidence · text > 720,000 gold ounces \(24.4 million tonnes at an average grade of 0.92 g/t\) in the "Inferred" Mineral Resources category #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 9.2 years before this release ## 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.