# Ongwe Minerals Discovers New Bedrock Anomaly at Its Belmont Prospect, Khorixas Gold Project in Namibia Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ongwe-minerals-discovers-new-bedrock-anomaly-at-its-belmont-prospect-khorixas-go--b83ffa0f-726b-4c68-a893-e2b4c46087e2 Original source: https://money.tmx.com/en/quote/OGW/news/7218030444740546/ongwe-minerals-discovers-new-bedrock-anomaly-at-its-belmont-prospect-khorixas-go Publisher: tmx Original announcement: 2026-04-13T11:00:00.000Z 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: None reported - Document categories: Drill results, Other - Extracted: 2026-09-16 15:00:34 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Ongwe Minerals has identified a new 2km long bedrock gold anomaly, named the 'Plains' anomaly, at its Belmont prospect in Namibia. The anomaly is located along the Khorixas Fault Zone and will be targeted by diamond drilling following the completion of current bedrock sampling. Reasoning: The announcement reports a significant new structural anomaly \(Plains anomaly\) at the Belmont prospect, providing a clear target for future drilling, although current bedrock grades are low-grade. - Positive factor: Discovery of a new 2km long bedrock gold anomaly - Positive factor: Strongly anomalous bedrock zone identified along Khorixas Fault Zone - Positive factor: Effective use of proprietary bedrock sampling technique to identify targets under cover - Positive factor: Clear drill target defined for upcoming diamond drilling - Negative factor: Reported bedrock grades are low \(up to 0.2 g/t\) - Negative factor: Assay results for formal verification are still pending Facts used in scoring: 1 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The Plains anomaly is described as a new discovery within an area previously inaccessible due to alluvial cover. Evidence · text > The Plains anomaly represents a new discovery within an area that was previously inaccessible to conventional surface sampling **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: The release details the use of blind standards, blanks, field duplicates, and CRMs for both in-house and MSALABS assays. Evidence · text > including the insertion of blind standards, blanks, and field duplicate samples **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is located near the Kokoseb gold deposit and Osino's Eureka discovery. Evidence · text > 30km along strike from the recently discovered Kokoseb gold deposit ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/ongwe-minerals-discovers-new-bedrock-anomaly-at-its-belmont-prospect-khorixas-go--b83ffa0f-726b-4c68-a893-e2b4c46087e2#fact-drill-facts-0) Khorixas · gold #### Identity - Project: Khorixas - Commodity: gold - Region: namibia - Reported Region: namibia - Ticker: OGW #### Geometry - Grade: 0.2 - Grade Unit: g/t #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: surface - Mining Method: unknown #### Location - Location: Plains anomaly - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: MSALABS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: Bedrock sample grade is low \(0.2 g/t\) and represents a surface/bedrock sampling program rather than a drill intercept. Evidence · text > gold values in the bedrock samples to 0.2 g/t #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Omatjete Project \(151,800ha\) which contains the Manga Prospect , an orogenic gold system 30km along strike from the " ## 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.