PL Gold Mine Restart Update High Grade Gold Results, Resource Expansion Potential and Operational Readiness Update

Original announcement by tmx on

Company
Minnova Corp.
Ticker
MCI
Exchange
TSX
Region
Manitoba
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Drill results, Resource update
Extracted
2026-09-14 10:34:00 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Minnova Corp. reported high-grade gold drill results from its 2025-2026 infill and expansion program at the PL Gold Mine in Manitoba. Significant intercepts include 156.10 g/t Au and 55.12 g/t Au, demonstrating both down-dip extension and resource expansion potential ahead of an upcoming 2026 Mineral Resource Estimate.

Reasoning: The release reports multiple exceptional high-grade gold intercepts across both expansion (PLN) and infill (PLD) targets, supporting the company's restart strategy.

Positive factors

  • High-grade gold intercepts reported (up to 156.10 g/t)
  • Demonstrated resource expansion potential at PLN target
  • Drill spacing (avg 21m) supports resource infill/definition
  • QA/QC protocols and lab (SRC Labs) clearly disclosed
  • Near-surface mineralization supports open-pit mining

Negative factors

  • Upcoming MRE not yet released (results are pre-update)

Facts used in scoring: 13

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Multiple intercepts exceed 5 g/t Au, with several exceeding 40 g/t.

Evidence · text

“high-grade results above 5 g/t Au”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release details lab (SRC Labs), QA/QC methods (blanks, standards, duplicates), and QP (Nick King).

Evidence · text

“A QA/QC program including the regular insertion by the Company of duplicates, blanks and standards was instituted.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Hole M-25-018 extends the PLN structure down dip by over 300m.

Evidence · text

“extending the down dip projection of the PLN by over 300 m”

Extracted facts

Stored fact records: 13. Some facts used in scoring do not have a stored record.

Drill Results (13)

M-25-004PL Gold Mine · goldGrade: 25Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
M-25-004
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
25
Grade Unit
g/t
Intercept
0.5 m

Classification

Sample Type
drill
Group ID
M-25-004:0.0-0.0
Mining Method
open_pit

Location

Location
PLN
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 25 g/t Au is an exceptional grade for this deposit type.

Positive factors

  • Bonanza grade intercept

Evidence · text

“M-25-004 intersected PLN upper and lower mineralized structures returning 25 g/t over 0.50 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-004PL Gold Mine · goldGrade: 10.04Grade Unit: g/tIntercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
M-25-004
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
10.04
Grade Unit
g/t
Intercept
1.4 m

Classification

Sample Type
drill
Group ID
M-25-004:0.0-0.0
Mining Method
open_pit

Location

Location
PLN
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 10.04 g/t Au is a strong grade intercept.

Positive factors

  • Strong grade intercept

Evidence · text

“10.04 g/t over 1.4 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-018PL Gold Mine · goldGrade: 7.96Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
M-25-018
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
7.96
Grade Unit
g/t
Intercept
1.5 m
From
110.4 m
To
111.9 m
Intercept Depth
110.4 m

Classification

Sample Type
drill
Group ID
M-25-018:110.4-111.9
Mining Method
open_pit

Location

Location
PLN
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: Extends the down dip projection of the PLN by over 300 m.

Positive factors

  • Step-Out Extension

Evidence · text

“M-25-018 ... intersected 7.96 g/t over 1.5 m at down hole depth of 110.4 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-011PL Gold Mine · goldGrade: 8.23Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
M-25-011
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
8.23
Grade Unit
g/t
Intercept
0.5 m
From
6.75 m
To
7.25 m
Intercept Depth
6.75 m

Classification

Sample Type
drill
Group ID
M-25-011:6.75-7.25
Mining Method
open_pit

Location

Location
PLN
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: High grade at shallow depth.

Evidence · text

“M-25-011 - 8.23 g/t over 0.5 m from 6.75 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-014PL Gold Mine · goldGrade: 15.67Grade Unit: g/tIntercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
M-25-014
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
15.67
Grade Unit
g/t
Intercept
1.4 m
From
31.1 m
To
32.5 m
Intercept Depth
31.1 m

Classification

Sample Type
drill
Group ID
M-25-014:31.1-32.5
Mining Method
open_pit

Location

Location
PLN
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: Strong high-grade intercept.

Evidence · text

“M-25-014 - 15.67 g/t over 1.4 m from 31.1 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-016PL Gold Mine · goldGrade: 7.92Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
M-25-016
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
7.92
Grade Unit
g/t
Intercept
1.2 m
From
20.5 m
To
21.7 m
Intercept Depth
20.5 m

Classification

Sample Type
drill
Group ID
M-25-016:20.5-21.7
Mining Method
open_pit

Location

Location
PLN
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: High grade at shallow depth.

Evidence · text

“M-25-016 - 7.92 g/t over 1.2m from 20.5 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-26-052PL Gold Mine · goldGrade: 46.16Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
M-26-052
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
46.16
Grade Unit
g/t
Intercept
1.5 m
From
18.5 m
To
20 m
Intercept Depth
18.5 m

Classification

Sample Type
drill
Group ID
M-26-052:18.5-20
Mining Method
open_pit

Location

Location
PLD
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 46.16 g/t Au is an exceptional grade.

Positive factors

  • Bonanza Intercept

Evidence · text

“Hole M-26-052 intersected 46.16 g/t over 1.50 m from 18.50 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-26-048PL Gold Mine · goldGrade: 55.12Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
M-26-048
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
55.12
Grade Unit
g/t
Intercept
1 m
From
18.3 m
To
19.3 m
Intercept Depth
18.3 m

Classification

Sample Type
drill
Group ID
M-26-048:18.3-19.3
Mining Method
open_pit

Location

Location
PLD
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 55.12 g/t Au is an exceptional grade.

Positive factors

  • Bonanza Intercept

Evidence · text

“Hole M-26-048 intersected 55.12 g/t over 1.00 m from 18.30 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-26-002PL Gold Mine · goldGrade: 43.48Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
M-26-002
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
43.48
Grade Unit
g/t
Intercept
1.5 m
From
41.7 m
To
43.2 m
Intercept Depth
41.7 m

Classification

Sample Type
drill
Group ID
M-26-002:41.7-43.2
Mining Method
open_pit

Location

Location
PLD
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 43.48 g/t Au is an exceptional grade.

Positive factors

  • Bonanza Intercept

Evidence · text

“Hole M-26-002 intersected 43.48 g/t over 1.50 m from 41.70 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-020PL Gold Mine · goldGrade: 156.1Grade Unit: g/tIntercept: 0.4 mView all details
Link to this fact

Identity

Hole ID
M-25-020
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
156.1
Grade Unit
g/t
Intercept
0.4 m
From
127.6 m
To
128 m
Intercept Depth
127.6 m

Classification

Sample Type
drill
Group ID
M-25-020:127.6-128
Mining Method
open_pit

Location

Location
PLD
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 156.10 g/t Au is an exceptional grade.

Positive factors

  • Bonanza Intercept

Evidence · text

“Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-021PL Gold Mine · goldGrade: 40.88Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
M-25-021
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
40.88
Grade Unit
g/t
Intercept
0.5 m
From
166.3 m
To
166.8 m
Intercept Depth
166.3 m

Classification

Sample Type
drill
Group ID
M-25-021:166.3-166.8
Mining Method
open_pit

Location

Location
PLD
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 40.88 g/t Au is an exceptional grade.

Positive factors

  • Bonanza Intercept

Evidence · text

“Hole M-25-021 intersected 40.88 g/t over 0.50 m from 166.30 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-022PL Gold Mine · goldGrade: 35.6Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
M-25-022
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
35.6
Grade Unit
g/t
Intercept
2 m
From
150.5 m
To
152.5 m
Intercept Depth
150.5 m

Classification

Sample Type
drill
Group ID
M-25-022:150.5-152.5
Mining Method
open_pit

Location

Location
PLD
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 35.6 g/t Au is an exceptional grade.

Positive factors

  • Bonanza Intercept

Evidence · text

“Hole M-25-022 intersected 35.6 g/t over 2.00 m from 150.50 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

M-25-023PL Gold Mine · goldGrade: 17.25Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
M-25-023
Project
PL Gold Mine
Commodity
gold
Region
canada_mb
Reported Region
canada_mb
Ticker
MCI

Geometry

Grade
17.25
Grade Unit
g/t
Intercept
1.2 m
From
179.6 m
To
180.8 m
Intercept Depth
179.6 m

Classification

Sample Type
drill
Group ID
M-25-023:179.6-180.8
Mining Method
open_pit

Location

Location
PLD
Loc. Source
document

QA/QC

Laboratory
Saskatchewan Research Council
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-29T00:00:00.000Z

Reasoning: 17.25 g/t Au is a strong grade intercept.

Evidence · text

“Hole M-25-023 intersected 17.25 g/t over 1.20 m from 179.60 m”

Tags used in scoring

QA/QC Disclosedpositive

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 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: "Highlights of deeper drill results (-50m to -200m) include: Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60"

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.