# Orecap Consolidates Ownership at McGarry Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca Original source: https://money.tmx.com/en/quote/OCI/news/7370856056807378/orecap-consolidates-ownership-at-mcgarry-project Publisher: tmx Original announcement: 2025-10-08T10:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Orecap Invest Corp. - Ticker: OCI - Exchange: TSX - Region: Ontario - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Agreement transaction, Resource update - Extracted: 2026-09-16 15:09:35 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Orecap Invest Corp. has consolidated 100% ownership of the McGarry Project in Ontario by acquiring the remaining 25% interest. The project features significant underground infrastructure and is located near major gold deposits, though current resource estimates are based on historical data. Reasoning: Orecap has consolidated 100% ownership of the McGarry Project, a strategic asset with existing underground infrastructure and proximity to major deposits, though the reported resources are historical. - Positive factor: Consolidation to 100% ownership of McGarry Project - Positive factor: Existing underground infrastructure \(shaft, hoist\) in place - Positive factor: Proximity to multi-million-ounce gold deposits \(Gold Candle, Upper Beaver\) - Positive factor: Presence of historical tailings with potential residual gold - Negative factor: Resource estimates are historical and not treated as current by the company Facts used in scoring: 10 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Project is contiguous with Gold Candle and proximal to Agnico Eagle's Upper Beaver deposits. Evidence · text > McGarry is contiguous with Gold Candle... and proximal to Agnico Eagle's Upper Beaver **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 resource estimates provided are historical \(2011 and 2004\) and not treated as current. Evidence · text > Orecap is not treating the historical estimate above as current mineral resources. **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 includes a QP sign-off by Charles Beaudry, P.Geo. Evidence · text > reviewed and approved by Charles Beaudry, P.Geo and géo., Director of Orecap Invest Corp., a Qualified Person ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### 22-111A [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-drill-facts-2) McGarry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 22-111A - Project: McGarry - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: OCI #### Geometry - Grade: 4.97 - Grade Unit: g/t - Intercept: 3.05 m - From: 1439 m - To: 1449 m - Intercept Depth: 1439 m #### Classification - Sample Type: drill - Group ID: 22-111A:1439-1449 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: Historical intercept. Evidence · table > 4.97 Context: 3.05 #### 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 **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: "McGarry Central to Regional Consolidation Strategy McGarry is located adjacent to Gold Candle Ltd.'s Kerr Addison projec" ### 22-111A [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-drill-facts-3) McGarry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 22-111A - Project: McGarry - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: OCI #### Geometry - Grade: 23.35 - Grade Unit: g/t - Intercept: 0.58 m - From: 1444 m - To: 1445.9 m - Intercept Depth: 1444 m #### Classification - Sample Type: drill - Group ID: 22-111A:1444-1445.9 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: High grade historical intercept. - Positive factor: High grade Evidence · table > 23.35 Context: 0.58 #### 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 **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: "McGarry Central to Regional Consolidation Strategy McGarry is located adjacent to Gold Candle Ltd.'s Kerr Addison projec" ### 22-111A [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-drill-facts-4) McGarry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 22-111A - Project: McGarry - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: OCI #### Geometry - Grade: 6.55 - Grade Unit: g/t - Intercept: 2.44 m - From: 1592 m - To: 1600 m - Intercept Depth: 1592 m #### Classification - Sample Type: drill - Group ID: 22-111A:1592-1600 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: Historical intercept. Evidence · table > 6.55 Context: 2.44 #### 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 **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: "McGarry Central to Regional Consolidation Strategy McGarry is located adjacent to Gold Candle Ltd.'s Kerr Addison projec" ### 22-96 [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-drill-facts-5) McGarry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 22-96 - Project: McGarry - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: OCI #### Geometry - Grade: 3.74 - Grade Unit: g/t - Intercept: 17.89 m - From: 2147.5 m - To: 2206.2 m - Intercept Depth: 2147.5 m #### Classification - Sample Type: drill - Group ID: 22-96:2147.5-2206.2 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: Historical intercept. Evidence · table > 3.74 Context: 17.89 #### 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 **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: "McGarry Central to Regional Consolidation Strategy McGarry is located adjacent to Gold Candle Ltd.'s Kerr Addison projec" ### 22-96 [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-drill-facts-6) McGarry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 22-96 - Project: McGarry - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: OCI #### Geometry - Grade: 10.42 - Grade Unit: g/t - Intercept: 2.93 m - From: 2147.5 m - To: 2157.1 m - Intercept Depth: 2147.5 m #### Classification - Sample Type: drill - Group ID: 22-96:2147.5-2157.1 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: High grade historical intercept. - Positive factor: High grade Evidence · table > 10.42 Context: 2.93 #### 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 **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: "McGarry Central to Regional Consolidation Strategy McGarry is located adjacent to Gold Candle Ltd.'s Kerr Addison projec" ### 22-96 [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-drill-facts-7) McGarry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 22-96 - Project: McGarry - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: OCI #### Geometry - Grade: 10.83 - Grade Unit: g/t - Intercept: 1.65 m - From: 2169.7 m - To: 2175.1 m - Intercept Depth: 2169.7 m #### Classification - Sample Type: drill - Group ID: 22-96:2169.7-2175.1 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: High grade historical intercept. - Positive factor: High grade Evidence · table > 10.83 Context: 1.65 #### 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 **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: "McGarry Central to Regional Consolidation Strategy McGarry is located adjacent to Gold Candle Ltd.'s Kerr Addison projec" ### 22-96 [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-drill-facts-8) McGarry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 22-96 - Project: McGarry - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: OCI #### Geometry - Grade: 6.24 - Grade Unit: g/t - Intercept: 2.71 m - From: 2197.3 m - To: 2206.2 m - Intercept Depth: 2197.3 m #### Classification - Sample Type: drill - Group ID: 22-96:2197.3-2206.2 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: Historical intercept. Evidence · table > 6.24 Context: 2.71 #### 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 **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: "McGarry Central to Regional Consolidation Strategy McGarry is located adjacent to Gold Candle Ltd.'s Kerr Addison projec" ### 22-107C [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-drill-facts-9) McGarry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 22-107C - Project: McGarry - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: OCI #### Geometry - Grade: 7.68 - Grade Unit: g/t - Intercept: 3.05 m - From: 2687 m - To: 2697 m - Intercept Depth: 2687 m #### Classification - Sample Type: drill - Group ID: 22-107C:2687-2697 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: Historical intercept. Evidence · table > 7.68 Context: 3.05 #### 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 **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: "McGarry Central to Regional Consolidation Strategy McGarry is located adjacent to Gold Candle Ltd.'s Kerr Addison projec" ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-resource-facts-0) McGarry Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: McGarry Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: OCI #### Resource scope - Estimate type: resource - Resource group id: resource:989d37ce16ea05c312ad - Deposit or zone: McGarry #### Resource Data - Category: indicated - Tonnes: 447000 - Grade: 8.57 - Grade Unit: g/t - Contained Metal: 123000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2011-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: Historical indicated resource reported. - Negative factor: Historical data Evidence · text > historical NI 43-101 indicated resource of 447,000 grading 8.57 g/t gold \(123,000 oz\) #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **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 14.8 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/orecap-consolidates-ownership-at-mcgarry-project--9ceb5c5f-7534-4a2e-a58f-f290bcbe64ca#fact-resource-facts-1) McGarry Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: McGarry Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: OCI #### Resource scope - Estimate type: resource - Resource group id: resource:031878ae69e7d041468b - Deposit or zone: McGarry #### Resource Data - Category: inferred - Tonnes: 157000 - Grade: 5.83 - Grade Unit: g/t - Contained Metal: 30000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2011-01-01T00:00:00.000Z #### Dates - Event date: 2025-10-08T00:00:00.000Z Reasoning: Historical inferred resource reported. - Negative factor: Historical data Evidence · text > an inferred resource of 157,000 grading 5.83 g/t gold \(30,000 oz\) #### 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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **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 14.8 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.