# Ongwe Minerals Commences Drill Program on Its Gold Exploration Projects in Namibia Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ongwe-minerals-commences-drill-program-on-its-gold-exploration-projects-in-namib--4e2e23ca-c6c8-480a-84a3-d48aff2d749f Original source: https://money.tmx.com/en/quote/OGW/news/8931778791259245/ongwe-minerals-commences-drill-program-on-its-gold-exploration-projects-in-namib Publisher: tmx Original announcement: 2026-02-18T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Ongwe Minerals Inc. - Ticker: OGW - Exchange: TSX - Region: Namibia - Primary commodity: Gold - Secondary commodities: Arsenic - Document categories: Drill results, Other - Extracted: 2026-09-16 15:04:09 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Ongwe Minerals has commenced a 6,000m RC bedrock sampling program at its Belmont and Manga gold prospects in Namibia. The program aims to define drill targets beneath calcrete cover to support a diamond drilling campaign in the second half of 2026. Reasoning: The company is transitioning from surface geochemistry to bedrock sampling/drilling to define targets, supported by high-grade surface indicators and previous scout drilling success. - Positive factor: Commencement of bedrock sampling program - Positive factor: High-grade surface rock chip results \(145.7 g/t Au\) - Positive factor: Proof of mineralization from previous scout drilling - Positive factor: Strategic location near known deposits \(Kokoseb\) - Negative factor: Extensive calcrete and sand cover \(up to 50m\) may complicate drilling Facts used in scoring: 3 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The current campaign aims to define mineralization into drill-ready targets following previous scout drilling. Evidence · text > Scout drilling at Belmont in 2024 provided proof of high-grade mineralization beneath the surface calcrete and the current campaign aims to define this mineralization into drill ready targets for H2. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The Manga Prospect is described as being on strike from the recently discovered Kokoseb gold deposit. Evidence · text > The Manga Prospect is a greenfields gold discovery on strike from WIA Gold’s 2.9Moz Kokoseb deposit. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongwe-minerals-commences-drill-program-on-its-gold-exploration-projects-in-namib--4e2e23ca-c6c8-480a-84a3-d48aff2d749f#fact-drill-facts-0) Khorixas · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Khorixas - Commodity: gold - Region: namibia - Reported Region: namibia - Ticker: OGW #### Geometry - Grade: 6.85 - Grade Unit: g/t - Intercept: 6 m - From: 20 m - To: 26 m - Intercept Depth: 20 m #### Classification - Sample Type: drill - Group ID: Khorixas:20-26 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: Historical scout drilling intercept reported as a baseline for the new program. - Positive factor: Strong intercept for scout drilling Evidence · text > Limited scout drilling was conducted at the Belmont Prospect with a best intercept of 6m at 6.85g/t Au from 20m . #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongwe-minerals-commences-drill-program-on-its-gold-exploration-projects-in-namib--4e2e23ca-c6c8-480a-84a3-d48aff2d749f#fact-drill-facts-1) Omatjete · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Omatjete - Commodity: gold - Region: namibia - Reported Region: namibia - Ticker: OGW #### Geometry - Grade: 0.22 - Grade Unit: g/t - Intercept: 138 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-10-01T00:00:00.000Z #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: Historical RC drill intercept from October 2024. - Positive factor: Significant width - Negative factor: Low grade Evidence · text > Intercepts included 138 m at 0.22 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongwe-minerals-commences-drill-program-on-its-gold-exploration-projects-in-namib--4e2e23ca-c6c8-480a-84a3-d48aff2d749f#fact-drill-facts-2) Omatjete · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Omatjete - Commodity: gold - Region: namibia - Reported Region: namibia - Ticker: OGW #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 18 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-10-01T00:00:00.000Z #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: Historical RC drill intercept from October 2024. - Positive factor: Encouraging grade for the area Evidence · text > and 18 m at 0.5 g/t Au. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior 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.