# ONGold Announces Filing of NI 43-101 Technical Report for the Monument Bay Gold Project and Provides Corporate Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ongold-announces-filing-of-ni-43-101-technical-report-for-the-monument-bay-gold--3041c6bb-caad-404e-bd7e-fab77c657425 Original source: https://money.tmx.com/en/quote/ONAU/news/8391194536049901/ongold-announces-filing-of-ni-43-101-technical-report-for-the-monument-bay-gold- Publisher: tmx Original announcement: 2025-06-13T21:02:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: ONGold Resources Ltd. - Ticker: ONAU - Exchange: TSX - Region: Manitoba - Primary commodity: Gold - Secondary commodities: Tungsten - Document categories: Resource update, Other - Extracted: 2026-09-18 15:14:49 UTC Narrative sentiment: -0.20 · Bearish ## Minestarters Atlas summary ONGold Resources Ltd. has filed a NI 43-101 technical report for the Monument Bay Gold Project in Manitoba, detailing historical mineral resource estimates. The company emphasizes that these historical estimates are not current and should not be relied upon, though they serve as a conceptual guide for new exploration targets identified in 2025. Additionally, the company announced the resignation of independent director Thomas Gallo. Reasoning: The document primarily serves to announce the filing of a technical report that restates historical \(non-current\) mineral resources. While it identifies new exploration targets, the core resource data is explicitly flagged as unreliable for current decision-making. - Positive factor: Identification of five new exploration targets - Positive factor: Large historical resource base - Negative factor: Historical resource estimate is not current and should not be relied upon - Negative factor: Director resignation - Negative factor: Qualified Person is not independent Facts used in scoring: 2 ## Classification and evidence **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The report describes historical mineral resource estimates that the company explicitly states should not be considered current or relied upon. Evidence · text > This historical mineral estimate, although compliant with NI 43-101 guidelines at the time it was prepared, is historical and should not be considered current. **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: The Qualified Person \(Rodney Barber\) is the President of the company and is explicitly stated as not being independent. Evidence · text > Mr. Barber is the President of ONGold and is not considered independent. **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: While a gold cut-off is mentioned for the in-pit resources, the specific cut-off for the total M&I and Inferred categories is not explicitly linked to the aggregate totals in a transparent way. Evidence · text > This consists of in-pit resources above a cut off grade of 0.3 g/t gold. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-filing-of-ni-43-101-technical-report-for-the-monument-bay-gold--3041c6bb-caad-404e-bd7e-fab77c657425#fact-resource-facts-0) Monument Bay Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Monument Bay Gold Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: ONAU #### Resource scope - Estimate type: resource - Resource group id: resource:fac1d16c6b84193ceca0 #### Resource Data - Category: indicated - Tonnes: 58000000 - Grade: 1.24 - Grade Unit: g/t - Contained Metal: 2300000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2025-06-13T00:00:00.000Z Reasoning: Restatement of historical M&I resource. - Negative factor: Historical data only - Negative factor: Not current Evidence · text > 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 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-filing-of-ni-43-101-technical-report-for-the-monument-bay-gold--3041c6bb-caad-404e-bd7e-fab77c657425#fact-resource-facts-1) Monument Bay Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Monument Bay Gold Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: ONAU #### Resource scope - Estimate type: resource - Resource group id: resource:50c399cd8fbc6a1d8d9d #### Resource Data - Category: inferred - Tonnes: 24400000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 720000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2025-06-13T00:00:00.000Z Reasoning: Restatement of historical Inferred resource. - Negative factor: Historical data only - Negative factor: Inferred category 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 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.