# ONGold Announces Updated Mineral Resource Estimate for the Monument Bay Gold Project, Manitoba Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac Original source: https://www.newsfilecorp.com/release/313830/ONGold-Announces-Updated-Mineral-Resource-Estimate-for-the-Monument-Bay-Gold-Project-Manitoba Publisher: newsfile Original announcement: 2026-09-14T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: ONGold Resources Ltd. - Ticker: ONAU - Exchange: Unavailable - Region: Manitoba - Primary commodity: Gold - Secondary commodities: Tungsten - Document categories: Resource update, Drill results - Extracted: 2026-09-14 11:48:01 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary ONGold has announced an updated Mineral Resource Estimate for the Monument Bay Gold Project in Manitoba, totaling 98.85 million tonnes of gold at 0.76 g/t Au \(combined M&I and Inferred\). The update features a strong Measured and Indicated component of 2.0 million ounces and highlights new tungsten assay results from historical samples within high-grade gold zones. Reasoning: The update provides a significant 2.0 Moz M&I gold resource with high confidence \(80% M&I\) and identifies a secondary tungsten opportunity. - Positive factor: Substantial M&I resource of 2.0 Moz gold - Positive factor: High M&I percentage \(80%\) - Positive factor: Identification of tungsten potential in high-grade gold domains - Positive factor: Expansion potential identified below and beyond current pit shell - Negative factor: Tungsten not included in current MRE Facts used in scoring: 9 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was prepared in accordance with NI 43-101 standards. Evidence · text > in accordance with... National Instrument 43-101 **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 22.30 g/t Au is exceptionally high grade for the deposit context. Evidence · table > 22.30 Context: 0.65 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The release reports 24.46 million tonnes of Inferred Mineral Resources. Evidence · text > Inferred Mineral Resources: 24.46 million tonnes at 0.62 g/t Au ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-drill-facts-3) gold Needs review: drill\_no\_hole\_id #### Identity - Commodity: gold - Region: canada\_mb - Reported Region: canada\_mb - Ticker: ONAU #### Geometry - Grade: 22.3 - Grade Unit: g/t - Intercept: 0.65 m - From: 144.9 m - To: 145.55 m - Intercept Depth: 144.9 m #### Classification - Sample Type: drill - Group ID: TL-20-703:144.9-145.55 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Very high grade gold intercept in a historical sample. - Positive factor: Bonanza grade intercept Evidence · table > 22.30 Context: 0.65 #### 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 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-drill-facts-4) tungsten Needs review: drill\_no\_hole\_id #### Identity - Commodity: tungsten - Region: canada\_mb - Reported Region: canada\_mb - Ticker: ONAU #### Geometry - Grade: 2700 - Grade Unit: ppm - Intercept: 0.65 m - From: 144.9 m - To: 145.55 m - Intercept Depth: 144.9 m #### Classification - Sample Type: drill - Group ID: TL-20-703:144.9-145.55 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: High tungsten grade in a historical sample, supporting tungsten potential. - Positive factor: Significant tungsten grade coincident with high-grade gold Evidence · table > 2,700 Context: 0.65 #### 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 (7) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-resource-facts-0) Monument Bay Gold Project · gold #### Identity - Project: Monument Bay Gold Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: ONAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Souvik Banerjee - Resource group id: resource:52ec4e7828a87fdee049 - Deposit or zone: Monument Bay - Mining method: open\_pit #### Resource Data - Category: measured - Tonnes: 18859000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 606 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-07-31 #### Lab - Laboratory: Actlabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Measured resource component of a significant gold project. - Positive factor: High grade for measured category Evidence · table > 1.00 Context: 18,859 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-resource-facts-1) Monument Bay Gold Project · gold #### Identity - Project: Monument Bay Gold Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: ONAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Souvik Banerjee - Resource group id: resource:eb815c5b46105566c330 - Deposit or zone: Monument Bay - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 55531000 - Grade: 0.79 - Grade Unit: g/t - Contained Metal: 1403 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-07-31 #### Lab - Laboratory: Actlabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Indicated resource component contributing to the 2.0 Moz M&I total. - Positive factor: Large indicated tonnage Evidence · table > 0.79 Context: 55,531 #### 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 **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-resource-facts-2) Monument Bay Gold Project · gold #### Identity - Project: Monument Bay Gold Project - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: ONAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Souvik Banerjee - Resource group id: resource:8778ddceefc4593779a5 - Deposit or zone: Monument Bay - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 24456000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 491 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-07-31 #### Lab - Laboratory: Actlabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Inferred resource component providing additional upside. - Positive factor: Adds significant ounces to the project - Negative factor: Speculative category Evidence · table > 0.62 Context: 24,456 #### 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 **QP/CP Signed** Polarity: positive 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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-resource-facts-5) Mineral Resource Statement for the Monument Bay · gold #### Identity - Project: Mineral Resource Statement for the Monument Bay - Commodity: gold - Ticker: ONAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:a783cf5da0c84e3a7fbd - Mining method: open\_pit #### Resource Data - Category: measured - Tonnes: 18859000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 606 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.00 Context: 18,859 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-resource-facts-6) Mineral Resource Statement for the Monument Bay · gold #### Identity - Project: Mineral Resource Statement for the Monument Bay - Commodity: gold - Ticker: ONAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:7906b5e3871be4628fd7 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 55531000 - Grade: 0.79 - Grade Unit: g/t - Contained Metal: 1403 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.79 Context: 55,531 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-resource-facts-7) Mineral Resource Statement for the Monument Bay · gold #### Identity - Project: Mineral Resource Statement for the Monument Bay - Commodity: gold - Ticker: ONAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:d6ae3f68ed2eae941b47 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 74390000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 2009 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.84 Context: 74,390 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/ongold-announces-updated-mineral-resource-estimate-for-the-monument-bay-gold-pro--17cb3e18-38db-4061-b675-8b586c2389ac#fact-resource-facts-8) Mineral Resource Statement for the Monument Bay · gold #### Identity - Project: Mineral Resource Statement for the Monument Bay - Commodity: gold - Ticker: ONAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6bbfdd440cf209792904 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 24456000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 491 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-14T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.62 Context: 24,456 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## 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.