Pasofino Gold Exploration Update
Original announcement by tmx on
- Company
- Pasofino Gold Limited
- Ticker
- VEIN
- Exchange
- TSX
- Region
- Liberia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Other, Drill results
- Extracted
- 2026-09-19 04:44:35 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Pasofino Gold provided an update on its exploration program at the Dugbe Gold Project in Liberia, focusing on new targets including Jadae East and DSZ. The company is targeting near-surface satellite oxide deposits to supplement the existing Tuzon and Dugbe F deposits.
Reasoning: The update provides progress on exploration targets near the existing Dugbe Gold Project, identifying new potential satellite oxide deposits and providing context for upcoming drilling.
Positive factors
- identification of new drill targets (Jadae East, DSZ)
- presence of artisanal mining indicating gold source
- proximity to existing Tuzon resource
- planned resource development program
Negative factors
- historical data used for some targets
- reliance on auger drilling for shallow targets
Facts used in scoring: 4
Classification and evidence
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: Exploration targets (Jadae East, DSZ) are located near the existing Tuzon and Dugbe F deposits.
Evidence · text
“These areas have never been drill-tested and are both on the Dugbe Shear zone; on both sides of the 3.3 Moz (Measured and Indicated) Mineral Resource at the Tuzon and Dugbe F deposits.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“Updated Mineral Resource Estimate”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Drill Results (1)
trench TZTR091Dugbe · goldGrade: 0.6Grade Unit: g/tIntercept: 36 mView all detailsHide details
Identity
- Hole ID
- trench TZTR091
- Project
- Dugbe
- Commodity
- gold
- Region
- liberia
- Reported Region
- liberia
- Ticker
- VEIN
Geometry
- Grade
- 0.6
- Grade Unit
- g/t
- Intercept
- 36 m
Classification
- Sample Type
- channel
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-09-15T00:00:00.000Z
Reasoning: Historical channel sample from a trench providing continuity context.
Positive factors
- consistent with Tuzon lithologies
Evidence · text
“In trench TZTR091 the laterite cover was less than 2 metres and so the fresh bedrock could be exposed. A channel cut along the bedrock returned 36 metres with an average grade of 0.6 g/t Au.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "In addition to the existing deposits, there are many gold prospects within the Project including the Bukon Jedeh area an"
Resource Estimates (3)
indicatedDugbe Gold Project · goldGrade: 1.4Grade Unit: g/tContained Metal: 2.4Contained Unit: mozView all detailsHide details
Identity
- Project
- Dugbe Gold Project
- Commodity
- gold
- Region
- liberia
- Reported Region
- Liberia
- Ticker
- VEIN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:c901227be2f56821b434
- Deposit or zone
- Tuzon
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 2.4
- Contained Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-15T00:00:00.000Z
Reasoning: Reporting of the existing Indicated resource at Tuzon as context.
Positive factors
- significant scale
Evidence · text
“The Tuzon deposit hosts an Indicated Mineral Resource of 2.4 Moz gold averaging 1.40 g/t Au”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredDugbe Gold Project · goldContained Metal: 0.6Contained Unit: mozView all detailsHide details
Identity
- Project
- Dugbe Gold Project
- Commodity
- gold
- Region
- liberia
- Reported Region
- Liberia
- Ticker
- VEIN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:42bb834e672901e3e54c
- Deposit or zone
- Dugbe Gold Project
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Contained Metal
- 0.6
- Contained Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-15T00:00:00.000Z
Reasoning: Reporting of the total project inferred resource.
Evidence · text
“total Measured and Indicated of 3.3 Moz with an average grade of 1.37 g/t Au, and 0.6 Moz in Inferred.”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedDugbe Gold Project · goldGrade: 1.37Grade Unit: g/tContained Metal: 3.3Contained Unit: mozView all detailsHide details
Identity
- Project
- Dugbe Gold Project
- Commodity
- gold
- Region
- liberia
- Reported Region
- Liberia
- Ticker
- VEIN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:e59c1ec1b916b0f599eb
- Deposit or zone
- Dugbe Gold Project
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Grade
- 1.37
- Grade Unit
- g/t
- Contained Metal
- 3.3
- Contained Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-15T00:00:00.000Z
Reasoning: Reporting of the total project M&I resource.
Evidence · text
“total Measured and Indicated of 3.3 Moz with an average grade of 1.37 g/t Au”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
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.