Proposed acquisition of Cygnus Metals Limited by Central Asia Metals PLC for A$232 million
Original announcement by tmx on
- Company
- Cygnus Metals Limited
- Ticker
- CYG
- Exchange
- TSX
- Region
- Québec, Canada
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-15 18:45:14 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Central Asia Metals PLC (CAML) proposes to acquire Cygnus Metals Limited for A$232 million via a scheme of arrangement, offering Cygnus shareholders 0.06 new CAML shares per Cygnus share. The acquisition adds Cygnus's Chibougamau Copper-Gold Project in Québec, Canada, to CAML's portfolio, enhancing scale and diversification. The Chibougamau Project's Mineral Resource Estimate, effective September 17, 2025, includes 6.4 million tonnes at 2.3% Cu, 0.8 g/t Au, and 7.6 g/t Ag in the Measured and Indicated categories, plus 8.5 million tonnes at 2.1% Cu, 1.7 g/t Au, and 7.9 g/t Ag in the Inferred category.
Reasoning: The proposed acquisition offers a significant premium to Cygnus shareholders and strategically enhances CAML's portfolio with a high-grade copper-gold project in a tier-one jurisdiction, supported by a substantial and well-reported mineral resource estimate.
Positive factors
- Acquisition offers significant premium to Cygnus shareholders
- Strategic asset addition for CAML in a tier-one jurisdiction
- High-grade copper-gold resource with substantial contained metal
- Resource estimate reported under JORC and NI 43-101 standards
- Qualified Person (QP) sign-off for the resource estimate
- Transparent metal equivalent assumptions disclosed
Negative factors
- Significant portion of the resource is in the Inferred category
- Resource estimate is a re-statement from a prior release, limiting novelty for the resource itself
Facts used in scoring: 74
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Estimate is reported in accordance with the JORC Code 2012.
Evidence · text
“reported in accordance with the JORC Code 2012”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource Estimate is reported in accordance with the CIM Definition Standards (CIM, 2014) in NI 43-101.
Evidence · text
“CIM Definition Standards (CIM, 2014) in NI 43-101”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The scientific and technical information has been reviewed and approved by Louis Beaupre, a 'qualified person' for NI 43-101.
Evidence · text
“Louis Beaupre, the Quebec Exploration Manager of Cygnus, who is a ‘qualified person’ for the purposes of National Instrument 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades are clearly stated for each deposit within the resource estimate.
Evidence · text
“Mineral Resources are estimated at a CuEq cut-off grade of 1.2% for Corner Bay and 1.5% CuEq for Devlin. A cut-off grade of 1.8 g/t AuEq was used for Cedar Bay and Golden Eye; and 2.0 g/t AuEq for Joe Mann.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the total resource (8.5 million tonnes) is in the Inferred category.
Evidence · text
“8.5 million tonnes at a 2.1% Cu grade, 1.7g/t Au grade and 7.9g/t Ag grade in the Inferred Resource category”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The resource estimate is intended to support an updated Preliminary Economic Assessment (PEA).
Evidence · text
“Updated PEA study* is already under way and would be completed by CAML”
Stale Data Re-releasenegative · Story-specific tag
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The resource estimate is a re-statement from a prior release dated September 17, 2025, limiting its novelty.
Evidence · text
“The latest Mineral Resource Estimate (‘ MRE’ ) published by Cygnus in late 2025 for the Chibougamau Project”
Extracted facts
Stored fact records: 74. Some facts used in scoring do not have a stored record.
Resource Estimates (74)
indicatedChibougamau Project · copperTonnes: 4900000Grade: 2.5Grade Unit: %Contained Metal: 124Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:8cd8135ab493e08459cc
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 4900000
- Grade
- 2.5
- Grade Unit
- %
- Contained Metal
- 124
- Contained Unit
- kt
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: This indicated resource for Corner Bay shows a strong copper grade and significant contained metal, contributing materially to the project's overall resource base.
Positive factors
- High copper grade
- Significant contained metal
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“2.5”
Context: 4.9
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 4900000Grade: 0.3Grade Unit: g/tContained Metal: 43Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:8cd8135ab493e08459cc
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 4900000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 43
- Contained Unit
- koz
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated gold grade at Corner Bay provides a valuable byproduct credit to the copper-focused resource.
Positive factors
- Contained gold adds value
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“0.3”
Context: 4.9
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · silverTonnes: 4900000Grade: 8.4Grade Unit: g/tContained Metal: 1316Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:8cd8135ab493e08459cc
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 4900000
- Grade
- 8.4
- Grade Unit
- g/t
- Contained Metal
- 1316
- Contained Unit
- koz
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated silver grade at Corner Bay provides a valuable byproduct credit to the copper-focused resource.
Positive factors
- Contained silver adds value
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“8.4”
Context: 4.9
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 4900000Contained Metal: 137Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:8cd8135ab493e08459cc
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 4900000
- Contained Metal
- 137
- Contained Unit
- kt
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 2.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated copper equivalent grade for Corner Bay highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“2.8”
Context: 4.9
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 4900000Contained Metal: 638Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:8cd8135ab493e08459cc
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 4900000
- Contained Metal
- 638
- Contained Unit
- koz
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.1
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated gold equivalent grade for Corner Bay highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“4.1”
Context: 4.9
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 5400000Grade: 2.7Grade Unit: %Contained Metal: 146Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:f591db531297be23a3a8
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 5400000
- Grade
- 2.7
- Grade Unit
- %
- Contained Metal
- 146
- Contained Unit
- kt
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred resource at Corner Bay shows a strong copper grade and significant contained metal, indicating good exploration potential, though requiring further drilling for confidence upgrade.
Positive factors
- High copper grade
- Significant contained metal
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“2.7”
Context: 5.4
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 5400000Grade: 0.2Grade Unit: g/tContained Metal: 41Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:f591db531297be23a3a8
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 5400000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 41
- Contained Unit
- koz
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold grade at Corner Bay provides a valuable byproduct credit, but its inferred status requires further validation.
Positive factors
- Contained gold adds value
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“0.2”
Context: 5.4
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · silverTonnes: 5400000Grade: 8.9Grade Unit: g/tContained Metal: 1543Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:f591db531297be23a3a8
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 5400000
- Grade
- 8.9
- Grade Unit
- g/t
- Contained Metal
- 1543
- Contained Unit
- koz
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred silver grade at Corner Bay provides a valuable byproduct credit, but its inferred status requires further validation.
Positive factors
- Contained silver adds value
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“8.9”
Context: 5.4
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 5400000Contained Metal: 159Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:f591db531297be23a3a8
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 5400000
- Contained Metal
- 159
- Contained Unit
- kt
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred copper equivalent grade for Corner Bay highlights the combined value of the polymetallic resource, with transparent calculation assumptions, but requires further drilling for confidence upgrade.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“3.0”
Context: 5.4
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 5400000Contained Metal: 744Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:f591db531297be23a3a8
- Deposit or zone
- Corner Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 5400000
- Contained Metal
- 744
- Contained Unit
- koz
- Cutoff Grade
- 1.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.3
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold equivalent grade for Corner Bay highlights the combined value of the polymetallic resource, with transparent calculation assumptions, but requires further drilling for confidence upgrade.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“4.3”
Context: 5.4
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · copperTonnes: 100000Grade: 2.7Grade Unit: %Contained Metal: 4Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:04af8e62dcb5b845b4a6
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Grade
- 2.7
- Grade Unit
- %
- Contained Metal
- 4
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured resource at Devlin shows a high copper grade, providing high confidence for this smaller tonnage.
Positive factors
- High copper grade
- Measured resource category
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“2.7”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · goldTonnes: 100000Grade: 0.3Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:04af8e62dcb5b845b4a6
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured gold grade at Devlin provides a minor byproduct credit with high confidence.
Positive factors
- Measured resource category
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“0.3”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · silverTonnes: 100000Grade: 0.5Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:04af8e62dcb5b845b4a6
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured silver grade at Devlin provides a minor byproduct credit with high confidence.
Positive factors
- Measured resource category
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“0.5”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · copperTonnes: 100000Contained Metal: 4Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:04af8e62dcb5b845b4a6
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Contained Metal
- 4
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 2.9
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured copper equivalent grade for Devlin highlights the combined value of the polymetallic resource, with transparent calculation assumptions, for this smaller tonnage.
Positive factors
- Strong copper equivalent grade
- Measured resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“2.9”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · goldTonnes: 100000Contained Metal: 19Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:04af8e62dcb5b845b4a6
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Contained Metal
- 19
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.7
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured gold equivalent grade for Devlin highlights the combined value of the polymetallic resource, with transparent calculation assumptions, for this smaller tonnage.
Positive factors
- Strong gold equivalent grade
- Measured resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“4.7”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 600000Grade: 2Grade Unit: %Contained Metal: 13000Contained Unit: tView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:33f587febe5e2c790702
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 600000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 13000
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated resource at Devlin shows a good copper grade, providing confidence for this tonnage.
Positive factors
- Good copper grade
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“2.0”
Context: 0.6
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 600000Grade: 0.2Grade Unit: g/tContained Metal: 4Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:33f587febe5e2c790702
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 600000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 4
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated gold grade at Devlin provides a minor byproduct credit with good confidence.
Positive factors
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“0.2”
Context: 0.6
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · silverTonnes: 600000Grade: 0.2Grade Unit: g/tContained Metal: 5Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:33f587febe5e2c790702
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 600000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated silver grade at Devlin provides a minor byproduct credit with good confidence.
Positive factors
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“0.2”
Context: 0.6
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 600000Contained Metal: 13000Contained Unit: tView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:33f587febe5e2c790702
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 600000
- Contained Metal
- 13000
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 2.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated copper equivalent grade for Devlin highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Good copper equivalent grade
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“2.1”
Context: 0.6
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 600000Contained Metal: 69Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:33f587febe5e2c790702
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 600000
- Contained Metal
- 69
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 3.4
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated gold equivalent grade for Devlin highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Good gold equivalent grade
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“3.4”
Context: 0.6
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 800000Grade: 2.1Grade Unit: %Contained Metal: 16Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:d3659bf5d9620ccd4099
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 800000
- Grade
- 2.1
- Grade Unit
- %
- Contained Metal
- 16
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I resource at Devlin shows a good copper grade, providing confidence for this tonnage.
Positive factors
- Good copper grade
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“2.1”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 800000Grade: 0.2Grade Unit: g/tContained Metal: 5Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:d3659bf5d9620ccd4099
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 800000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I gold grade at Devlin provides a minor byproduct credit with good confidence.
Positive factors
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“0.2”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · silverTonnes: 800000Grade: 0.3Grade Unit: g/tContained Metal: 7Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:d3659bf5d9620ccd4099
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 800000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 7
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I silver grade at Devlin provides a minor byproduct credit with good confidence.
Positive factors
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“0.3”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 800000Contained Metal: 17Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:d3659bf5d9620ccd4099
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 800000
- Contained Metal
- 17
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 2.3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I copper equivalent grade for Devlin highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Good copper equivalent grade
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“2.3”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 800000Contained Metal: 88Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:d3659bf5d9620ccd4099
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 800000
- Contained Metal
- 88
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 3.6
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I gold equivalent grade for Devlin highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Good gold equivalent grade
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“3.6”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 300000Grade: 2Grade Unit: %Contained Metal: 7Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:db79c4bc903644d4f6e4
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 300000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 7
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred resource at Devlin shows a good copper grade, indicating potential, though requiring further drilling for confidence upgrade.
Positive factors
- Good copper grade
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“2.0”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 300000Grade: 0.2Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:db79c4bc903644d4f6e4
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 300000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold grade at Devlin provides a minor byproduct credit, but its inferred status requires further validation.
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“0.2”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · silverTonnes: 300000Grade: 0.3Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:db79c4bc903644d4f6e4
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 300000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred silver grade at Devlin provides a minor byproduct credit, but its inferred status requires further validation.
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“0.3”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 300000Contained Metal: 7Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:db79c4bc903644d4f6e4
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 300000
- Contained Metal
- 7
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 2.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred copper equivalent grade for Devlin highlights the combined value of the polymetallic resource, but requires further drilling for confidence upgrade.
Positive factors
- Good copper equivalent grade
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“2.1”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 300000Contained Metal: 36Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:db79c4bc903644d4f6e4
- Deposit or zone
- Devlin
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 300000
- Contained Metal
- 36
- Contained Unit
- koz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 3.4
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold equivalent grade for Devlin highlights the combined value of the polymetallic resource, but requires further drilling for confidence upgrade.
Positive factors
- Good gold equivalent grade
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“3.4”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 700000Grade: 0.2Grade Unit: %Contained Metal: 2Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:3237a70cabba18b90b43
- Deposit or zone
- Joe Mann
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Grade
- 0.2
- Grade Unit
- %
- Contained Metal
- 2
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred copper grade at Joe Mann is low, but contributes to the overall polymetallic resource.
Negative factors
- Low copper grade
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“0.2”
Context: 0.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 700000Grade: 6Grade Unit: g/tContained Metal: 143Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:3237a70cabba18b90b43
- Deposit or zone
- Joe Mann
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Grade
- 6
- Grade Unit
- g/t
- Contained Metal
- 143
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred resource at Joe Mann shows a very high gold grade, indicating significant potential, though requiring further drilling for confidence upgrade.
Positive factors
- High gold grade
- Significant contained gold
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“6.0”
Context: 0.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 700000Contained Metal: 34Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:3237a70cabba18b90b43
- Deposit or zone
- Joe Mann
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Contained Metal
- 34
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred copper equivalent grade for Joe Mann highlights the combined value of the polymetallic resource, with transparent calculation assumptions, but requires further drilling for confidence upgrade.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“4.6”
Context: 0.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 700000Contained Metal: 151Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:3237a70cabba18b90b43
- Deposit or zone
- Joe Mann
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Contained Metal
- 151
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 6.3
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold equivalent grade for Joe Mann highlights the combined value of the polymetallic resource, with transparent calculation assumptions, but requires further drilling for confidence upgrade.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“6.3”
Context: 0.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 300000Grade: 1.6Grade Unit: %Contained Metal: 4Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:50ba12b1c275e0dfb28b
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Grade
- 1.6
- Grade Unit
- %
- Contained Metal
- 4
- Contained Unit
- kt
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated resource at Cedar Bay shows a good copper grade, contributing to the overall polymetallic resource with good confidence.
Positive factors
- Good copper grade
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“1.6”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 300000Grade: 6Grade Unit: g/tContained Metal: 50Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:50ba12b1c275e0dfb28b
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Grade
- 6
- Grade Unit
- g/t
- Contained Metal
- 50
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated resource at Cedar Bay shows a very high gold grade, providing significant value with good confidence.
Positive factors
- High gold grade
- Significant contained gold
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“6.0”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · silverTonnes: 300000Grade: 9.9Grade Unit: g/tContained Metal: 82Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:50ba12b1c275e0dfb28b
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Grade
- 9.9
- Grade Unit
- g/t
- Contained Metal
- 82
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated silver grade at Cedar Bay provides a valuable byproduct credit with good confidence.
Positive factors
- Contained silver adds value
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“9.9”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 300000Contained Metal: 16Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:50ba12b1c275e0dfb28b
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Contained Metal
- 16
- Contained Unit
- kt
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 6.4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated copper equivalent grade for Cedar Bay highlights the combined high value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“6.4”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 300000Contained Metal: 67Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:50ba12b1c275e0dfb28b
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 300000
- Contained Metal
- 67
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 8.1
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated gold equivalent grade for Cedar Bay highlights the combined high value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“8.1”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 800000Grade: 2Grade Unit: %Contained Metal: 17Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:79c9fe160804e99ae4aa
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 2
- Grade Unit
- %
- Contained Metal
- 17
- Contained Unit
- kt
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred resource at Cedar Bay shows a good copper grade, contributing to the overall polymetallic resource, though requiring further drilling for confidence upgrade.
Positive factors
- Good copper grade
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“2.0”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 800000Grade: 5.1Grade Unit: g/tContained Metal: 134Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:79c9fe160804e99ae4aa
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 5.1
- Grade Unit
- g/t
- Contained Metal
- 134
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred resource at Cedar Bay shows a high gold grade, indicating significant potential, though requiring further drilling for confidence upgrade.
Positive factors
- High gold grade
- Significant contained gold
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“5.1”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · silverTonnes: 800000Grade: 11.8Grade Unit: g/tContained Metal: 309Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:79c9fe160804e99ae4aa
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 11.8
- Grade Unit
- g/t
- Contained Metal
- 309
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred silver grade at Cedar Bay provides a valuable byproduct credit, but its inferred status requires further validation.
Positive factors
- Contained silver adds value
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“11.8”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 800000Contained Metal: 50Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:79c9fe160804e99ae4aa
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Contained Metal
- 50
- Contained Unit
- kt
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 6.1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred copper equivalent grade for Cedar Bay highlights the combined high value of the polymetallic resource, but requires further drilling for confidence upgrade.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“6.1”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 800000Contained Metal: 205Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:79c9fe160804e99ae4aa
- Deposit or zone
- Cedar Bay
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Contained Metal
- 205
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 7.8
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold equivalent grade for Cedar Bay highlights the combined high value of the polymetallic resource, but requires further drilling for confidence upgrade.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“7.8”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 500000Grade: 1Grade Unit: %Contained Metal: 5Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:2bb092a18119623ec64a
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 500000
- Grade
- 1
- Grade Unit
- %
- Contained Metal
- 5
- Contained Unit
- kt
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated resource at Golden Eye shows a moderate copper grade, contributing to the overall polymetallic resource with good confidence.
Positive factors
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“1.0”
Context: 0.5
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 500000Grade: 4.3Grade Unit: g/tContained Metal: 69Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:2bb092a18119623ec64a
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 500000
- Grade
- 4.3
- Grade Unit
- g/t
- Contained Metal
- 69
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated resource at Golden Eye shows a high gold grade, providing significant value with good confidence.
Positive factors
- High gold grade
- Significant contained gold
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“4.3”
Context: 0.5
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · silverTonnes: 500000Grade: 9.9Grade Unit: g/tContained Metal: 161Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:2bb092a18119623ec64a
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 500000
- Grade
- 9.9
- Grade Unit
- g/t
- Contained Metal
- 161
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated silver grade at Golden Eye provides a valuable byproduct credit with good confidence.
Positive factors
- Contained silver adds value
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“9.9”
Context: 0.5
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 500000Contained Metal: 22Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:2bb092a18119623ec64a
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 500000
- Contained Metal
- 22
- Contained Unit
- kt
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated copper equivalent grade for Golden Eye highlights the combined high value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“4.4”
Context: 0.5
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 500000Contained Metal: 91Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:2bb092a18119623ec64a
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 500000
- Contained Metal
- 91
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 5.6
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated gold equivalent grade for Golden Eye highlights the combined high value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“5.6”
Context: 0.5
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 1200000Grade: 0.9Grade Unit: %Contained Metal: 11Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:28219b2f4f3eeed1adba
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 0.9
- Grade Unit
- %
- Contained Metal
- 11
- Contained Unit
- kt
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred resource at Golden Eye shows a moderate copper grade, contributing to the overall polymetallic resource, though requiring further drilling for confidence upgrade.
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“0.9”
Context: 1.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 1200000Grade: 3.4Grade Unit: g/tContained Metal: 134Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:28219b2f4f3eeed1adba
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 3.4
- Grade Unit
- g/t
- Contained Metal
- 134
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred resource at Golden Eye shows a high gold grade, indicating significant potential, though requiring further drilling for confidence upgrade.
Positive factors
- High gold grade
- Significant contained gold
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“3.4”
Context: 1.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · silverTonnes: 1200000Grade: 7.9Grade Unit: g/tContained Metal: 313Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:28219b2f4f3eeed1adba
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 7.9
- Grade Unit
- g/t
- Contained Metal
- 313
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred silver grade at Golden Eye provides a valuable byproduct credit, but its inferred status requires further validation.
Positive factors
- Contained silver adds value
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“7.9”
Context: 1.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 1200000Contained Metal: 45Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:28219b2f4f3eeed1adba
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Contained Metal
- 45
- Contained Unit
- kt
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 3.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred copper equivalent grade for Golden Eye highlights the combined value of the polymetallic resource, but requires further drilling for confidence upgrade.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“3.6”
Context: 1.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 1200000Contained Metal: 182Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:28219b2f4f3eeed1adba
- Deposit or zone
- Golden Eye
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Contained Metal
- 182
- Contained Unit
- koz
- Cutoff Grade
- 1.8
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.6
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold equivalent grade for Golden Eye highlights the combined value of the polymetallic resource, but requires further drilling for confidence upgrade.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“4.6”
Context: 1.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · copperTonnes: 100000Grade: 2.7Grade Unit: %Contained Metal: 4Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:efbb2c421062994f02a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Grade
- 2.7
- Grade Unit
- %
- Contained Metal
- 4
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured resource for the Hub and Spoke project shows a high copper grade, providing high confidence for this smaller tonnage.
Positive factors
- High copper grade
- Measured resource category
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“2.7”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · goldTonnes: 100000Grade: 0.3Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:efbb2c421062994f02a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured gold grade for the Hub and Spoke project provides a minor byproduct credit with high confidence.
Positive factors
- Measured resource category
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“0.3”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · silverTonnes: 100000Grade: 0.5Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:efbb2c421062994f02a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured silver grade for the Hub and Spoke project provides a minor byproduct credit with high confidence.
Positive factors
- Measured resource category
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“0.5”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · copperTonnes: 100000Contained Metal: 4Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:efbb2c421062994f02a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Contained Metal
- 4
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 2.9
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured copper equivalent grade for the Hub and Spoke project highlights the combined value of the polymetallic resource, with transparent calculation assumptions, for this smaller tonnage.
Positive factors
- Strong copper equivalent grade
- Measured resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“2.9”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
measuredChibougamau Project · goldTonnes: 100000Contained Metal: 19Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:efbb2c421062994f02a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 100000
- Contained Metal
- 19
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.7
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The measured gold equivalent grade for the Hub and Spoke project highlights the combined value of the polymetallic resource, with transparent calculation assumptions, for this smaller tonnage.
Positive factors
- Strong gold equivalent grade
- Measured resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Small tonnage
- Resource estimate is a re-statement
Evidence · table
“4.7”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 6300000Grade: 2.3Grade Unit: %Contained Metal: 146Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:5afa3114236a174d23a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6300000
- Grade
- 2.3
- Grade Unit
- %
- Contained Metal
- 146
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated resource for the Hub and Spoke project shows a strong copper grade and significant contained metal, contributing materially to the project's overall resource base.
Positive factors
- High copper grade
- Significant contained metal
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“2.3”
Context: 6.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 6300000Grade: 0.8Grade Unit: g/tContained Metal: 166Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:5afa3114236a174d23a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6300000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 166
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated gold grade for the Hub and Spoke project provides a valuable credit to the copper-focused resource.
Positive factors
- Good gold grade
- Significant contained gold
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“0.8”
Context: 6.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · silverTonnes: 6300000Grade: 7.8Grade Unit: g/tContained Metal: 1563Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:5afa3114236a174d23a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6300000
- Grade
- 7.8
- Grade Unit
- g/t
- Contained Metal
- 1563
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated silver grade for the Hub and Spoke project provides a valuable byproduct credit to the copper-focused resource.
Positive factors
- Contained silver adds value
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“7.8”
Context: 6.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 6300000Contained Metal: 189Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:5afa3114236a174d23a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6300000
- Contained Metal
- 189
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated copper equivalent grade for the Hub and Spoke project highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“3.0”
Context: 6.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 6300000Contained Metal: 865Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:5afa3114236a174d23a0
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6300000
- Contained Metal
- 865
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.3
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The indicated gold equivalent grade for the Hub and Spoke project highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“4.3”
Context: 6.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 6400000Grade: 2.3Grade Unit: %Contained Metal: 149Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:e5cb9ec5f300c1bf35b5
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6400000
- Grade
- 2.3
- Grade Unit
- %
- Contained Metal
- 149
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I resource for the Hub and Spoke project shows a strong copper grade and significant contained metal, contributing materially to the project's overall resource base.
Positive factors
- High copper grade
- Significant contained metal
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“2.3”
Context: 6.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 6400000Grade: 0.8Grade Unit: g/tContained Metal: 167000Contained Unit: ozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:e5cb9ec5f300c1bf35b5
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6400000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 167000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I gold grade for the Hub and Spoke project provides a valuable credit to the copper-focused resource.
Positive factors
- Good gold grade
- Significant contained gold
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“0.8”
Context: 6.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · silverTonnes: 6400000Grade: 7.6Grade Unit: g/tContained Metal: 1565Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:e5cb9ec5f300c1bf35b5
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6400000
- Grade
- 7.6
- Grade Unit
- g/t
- Contained Metal
- 1565
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I silver grade for the Hub and Spoke project provides a valuable byproduct credit to the copper-focused resource.
Positive factors
- Contained silver adds value
- Indicated resource category
Negative factors
- Resource estimate is a re-statement
Evidence · table
“7.6”
Context: 6.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · copperTonnes: 6400000Contained Metal: 193Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:e5cb9ec5f300c1bf35b5
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6400000
- Contained Metal
- 193
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I copper equivalent grade for the Hub and Spoke project highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“3.0”
Context: 6.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
indicatedChibougamau Project · goldTonnes: 6400000Contained Metal: 884Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:e5cb9ec5f300c1bf35b5
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6400000
- Contained Metal
- 884
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.3
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The M&I gold equivalent grade for the Hub and Spoke project highlights the combined value of the polymetallic resource, with transparent calculation assumptions.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Indicated resource category
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Resource estimate is a re-statement
Evidence · table
“4.3”
Context: 6.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 8500000Grade: 2.1Grade Unit: %Contained Metal: 182000Contained Unit: tView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:9f9d5c98b12ed1816659
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8500000
- Grade
- 2.1
- Grade Unit
- %
- Contained Metal
- 182000
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred resource for the Hub and Spoke project shows a good copper grade and significant contained metal, indicating good exploration potential, though requiring further drilling for confidence upgrade.
Positive factors
- Good copper grade
- Significant contained metal
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“2.1”
Context: 8.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 8500000Grade: 1.7Grade Unit: g/tContained Metal: 454000Contained Unit: ozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:9f9d5c98b12ed1816659
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8500000
- Grade
- 1.7
- Grade Unit
- g/t
- Contained Metal
- 454000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold grade for the Hub and Spoke project provides a significant credit to the copper-focused resource, indicating good exploration potential.
Positive factors
- High gold grade
- Significant contained gold
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“1.7”
Context: 8.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · silverTonnes: 8500000Grade: 7.9Grade Unit: g/tContained Metal: 2168Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:9f9d5c98b12ed1816659
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8500000
- Grade
- 7.9
- Grade Unit
- g/t
- Contained Metal
- 2168
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred silver grade for the Hub and Spoke project provides a valuable byproduct credit, but its inferred status requires further validation.
Positive factors
- Contained silver adds value
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“7.9”
Context: 8.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · copperTonnes: 8500000Contained Metal: 295Contained Unit: ktView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:9f9d5c98b12ed1816659
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8500000
- Contained Metal
- 295
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 3.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred copper equivalent grade for the Hub and Spoke project highlights the combined value of the polymetallic resource, with transparent calculation assumptions, but requires further drilling for confidence upgrade.
Positive factors
- Strong copper equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“3.5”
Context: 8.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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
inferredChibougamau Project · goldTonnes: 8500000Contained Metal: 1318Contained Unit: kozView all detailsHide details
Identity
- Project
- Chibougamau Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec, Canada
- Ticker
- CYG
Resource scope
- Estimate type
- resource
- Effective date
- 2025-09-17T00:00:00.000Z
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Louis Beaupre
- Resource group id
- resource:9f9d5c98b12ed1816659
- Deposit or zone
- Hub and Spoke
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8500000
- Contained Metal
- 1318
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-09-17
Metal Equivalent
- Metal Eq. Grade
- 4.8
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The inferred gold equivalent grade for the Hub and Spoke project highlights the combined value of the polymetallic resource, with transparent calculation assumptions, but requires further drilling for confidence upgrade.
Positive factors
- Strong gold equivalent grade
- Significant contained metal equivalent
- Assumptions for metal equivalent calculation disclosed
Negative factors
- Inferred resource category
- Resource estimate is a re-statement
Evidence · table
“4.8”
Context: 8.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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.