Sandstorm Gold Royalties Portfolio Drilling and Development Highlights

Original announcement by tmx on

Company
Sandstorm Gold Royalties
Ticker
SAND
Exchange
TSX
Region
Unavailable
Primary commodity
Gold
Secondary commodities
Copper
Document categories
Drill results, Production, Resource update
Extracted
2026-09-12 23:26:02 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Sandstorm Gold Royalties announced significant drill results and development highlights from its portfolio. High-grade gold intercepts were reported at Fruta del Norte in Ecuador, including a new copper-gold discovery at the Trancaloma target. Further strong copper-gold results came from the Hugo North Extension and Heruga deposit at Oyu Tolgoi in Mongolia. Omai Gold Mines in Guyana delivered high-grade gold from both Wenot and Gilt Creek deposits, while Gold Fields restarted drilling at the Phoenix JV. Additionally, the Bayan Khundii gold project in Mongolia is on track for first gold production in mid-2025.

Reasoning: The document reports numerous high-grade gold and copper intercepts, including a new discovery, from key royalty assets, alongside positive development milestones towards production, indicating strong progress and exploration potential across the portfolio.

Positive factors

  • Multiple high-grade gold intercepts reported across various projects
  • New copper-gold discovery at Trancaloma target with significant width
  • Progress towards first gold production at Bayan Khundii project
  • Significant drill programs planned for 2025 at multiple assets
  • Extension of known mineralization at Oyu Tolgoi and Omai Gold Mines

Negative factors

  • Some drill results are reported as 'not true widths'
  • Some reported MRE figures are historical or previously announced
  • Some drill results are re-releases of older assays

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 20

Extracted facts

Stored fact records: 20. Some facts used in scoring do not have a stored record.

Drill Results (20)

UGE-S-24-212Fruta del Norte · goldGrade: 173.98Grade Unit: g/tIntercept: 8.45 mView all details
Link to this fact

Identity

Hole ID
UGE-S-24-212
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
173.98
Grade Unit
g/t
Intercept
8.45 m
From
77.6 m
To
86.05 m
Intercept Depth
77.6 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGE-S-24-212:77.6-86.05
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is an exceptionally high-grade gold intercept over a significant width, indicating strong mineralization.

Positive factors

  • Bonanza grade gold intercept
  • Significant intercept width

Negative factors

  • True width not stated

Evidence · text

“UGE-S-24-212: 173.98 grams per tonne ("g/t") gold over 8.45 metres from 77.60 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 173.98 g/t is well above the exceptional threshold for gold.

Evidence · text

“173.98 grams per tonne ("g/t") gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”
UGE-S-24-212Fruta del Norte · goldGrade: 572.47Grade Unit: g/tIntercept: 2.5 mView all details
Link to this fact

Identity

Hole ID
UGE-S-24-212
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
572.47
Grade Unit
g/t
Intercept
2.5 m

Classification

Program
mixed
Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is an exceptionally high-grade gold sub-interval, indicating a very rich zone within the broader intercept.

Positive factors

  • Extremely high-grade gold sub-interval

Negative factors

  • True width not stated
  • Narrow intercept width

Evidence · text

“including 572.47 g/t gold over 2.50 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 572.47 g/t is extremely high and well above the exceptional threshold.

Evidence · text

“572.47 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”
UGE-S-24-213Fruta del Norte · goldGrade: 77.31Grade Unit: g/tIntercept: 10.9 mView all details
Link to this fact

Identity

Hole ID
UGE-S-24-213
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
77.31
Grade Unit
g/t
Intercept
10.9 m
From
94.8 m
To
105.7 m
Intercept Depth
94.8 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGE-S-24-213:94.8-105.7
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is an exceptionally high-grade gold intercept over a significant width, indicating strong mineralization.

Positive factors

  • Bonanza grade gold intercept
  • Significant intercept width

Negative factors

  • True width not stated

Evidence · text

“UGE-S-24-213: 77.31 g/t gold over 10.90 metres from 94.80 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 77.31 g/t is well above the exceptional threshold for gold.

Evidence · text

“77.31 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”
UGE-S-24-213Fruta del Norte · goldGrade: 394.78Grade Unit: g/tIntercept: 2.1 mView all details
Link to this fact

Identity

Hole ID
UGE-S-24-213
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
394.78
Grade Unit
g/t
Intercept
2.1 m

Classification

Program
mixed
Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is an exceptionally high-grade gold sub-interval, indicating a very rich zone within the broader intercept.

Positive factors

  • Extremely high-grade gold sub-interval

Negative factors

  • True width not stated
  • Narrow intercept width

Evidence · text

“including 394.78 g/t gold over 2.10 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 394.78 g/t is extremely high and well above the exceptional threshold.

Evidence · text

“394.78 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”
UGE-S-24-185Fruta del Norte · goldGrade: 49.86Grade Unit: g/tIntercept: 7.8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
UGE-S-24-185
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
49.86
Grade Unit
g/t
Intercept
7.8 m
From
59 m
To
66.8 m
Intercept Depth
59 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGE-S-24-185:59-66.8
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a high-grade historical gold intercept over a significant width, re-reported as part of the portfolio update.

Positive factors

  • High-grade gold intercept
  • Significant intercept width

Negative factors

  • True width not stated
  • Result included in a prior MRE (stale data)

Evidence · text

“UGE-S-24-185: (included in 2024 MRE) 49.86 g/t gold over 7.80 metres from 59.00 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 49.86 g/t is well above the exceptional threshold for gold.

Evidence · text

“49.86 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: The intercept is explicitly stated as 'included in 2024 MRE', indicating it is not new information.

Evidence · text

“(included in 2024 MRE)”
UGE-S-24-185Fruta del Norte · goldGrade: 83.48Grade Unit: g/tIntercept: 4.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
UGE-S-24-185
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
83.48
Grade Unit
g/t
Intercept
4.5 m

Classification

Program
mixed
Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a high-grade historical gold sub-interval, re-reported as part of the portfolio update.

Positive factors

  • High-grade gold sub-interval

Negative factors

  • True width not stated
  • Result included in a prior MRE (stale data)

Evidence · text

“including 83.48 g/t gold over 4.50 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 83.48 g/t is well above the exceptional threshold for gold.

Evidence · text

“83.48 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: The intercept is explicitly stated as 'included in 2024 MRE', indicating it is not new information.

Evidence · text

“(included in 2024 MRE)”
FDNE-2024-200Fruta del Norte · goldGrade: 3.15Grade Unit: g/tIntercept: 53 mView all details
Link to this fact

Identity

Hole ID
FDNE-2024-200
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
3.15
Grade Unit
g/t
Intercept
53 m
From
277.8 m
To
330.8 m
Intercept Depth
277.8 m

Classification

Program
mixed
Sample Type
drill
Group ID
FDNE-2024-200:277.8-330.8
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a strong gold intercept over an exceptionally wide interval, suggesting significant mineralization continuity at FDN East.

Positive factors

  • Strong gold grade over an exceptionally wide interval
  • Indicates significant mineralization continuity

Negative factors

  • True width not stated

Evidence · text

“FDNE-2024-200: 3.15 g/t gold over 53.00 metres from 277.80 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Strong InterceptRejected · positive · Story-specific tag

No canonical definition is currently available.

Reason: The gold grade of 3.15 g/t is above the strong threshold for gold, especially over such a wide interval.

Evidence · text

“3.15 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”
FDNE-2024-200Fruta del Norte · goldGrade: 7.13Grade Unit: g/tIntercept: 8.4 mView all details
Link to this fact

Identity

Hole ID
FDNE-2024-200
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
7.13
Grade Unit
g/t
Intercept
8.4 m

Classification

Program
mixed
Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a high-grade gold sub-interval within a wider zone, indicating a richer part of the mineralization.

Positive factors

  • Bonanza grade gold sub-interval

Negative factors

  • True width not stated

Evidence · text

“including 7.13 g/t gold over 8.40 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 7.13 g/t is above the exceptional threshold for gold.

Evidence · text

“7.13 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”
UGE-E-24-210Fruta del Norte · goldGrade: 10.16Grade Unit: g/tIntercept: 6.25 mView all details
Link to this fact

Identity

Hole ID
UGE-E-24-210
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
10.16
Grade Unit
g/t
Intercept
6.25 m
From
238.85 m
To
245.1 m
Intercept Depth
238.85 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGE-E-24-210:238.85-245.1
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a bonanza gold intercept over a moderate width, indicating a high-grade zone.

Positive factors

  • Bonanza grade gold intercept
  • Moderate intercept width

Negative factors

  • True width not stated

Evidence · text

“UGE-E-24-210: 10.16 g/t gold over 6.25 metres from 238.85 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 10.16 g/t is well above the exceptional threshold for gold.

Evidence · text

“10.16 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”
UGE-E-24-210Fruta del Norte · goldGrade: 14.84Grade Unit: g/tIntercept: 3.25 mView all details
Link to this fact

Identity

Hole ID
UGE-E-24-210
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
14.84
Grade Unit
g/t
Intercept
3.25 m

Classification

Program
mixed
Sample Type
drill
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a bonanza gold sub-interval, indicating a high-grade zone within the broader intercept.

Positive factors

  • Bonanza grade gold sub-interval

Negative factors

  • True width not stated
  • Narrow intercept width

Evidence · text

“including 14.84 g/t gold over 3.25 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The gold grade of 14.84 g/t is well above the exceptional threshold for gold.

Evidence · text

“14.84 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”
BLP-2024-195Fruta del Norte · copperGrade: 0.25Grade Unit: %Intercept: 407.75 mView all details
Link to this fact

Identity

Hole ID
BLP-2024-195
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
0.25
Grade Unit
%
Intercept
407.75 m
From
22.5 m
To
430.25 m
Intercept Depth
22.5 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BLP-2024-195:22.5-430.25
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This represents a new copper-gold discovery with a moderate copper grade over an exceptionally wide interval, suggesting significant potential for a porphyry system.

Positive factors

  • New copper-gold discovery at Trancaloma target
  • Moderate copper grade over an exceptionally wide interval
  • Potential for a porphyry system

Negative factors

  • True width not stated
  • Early-stage results requiring further exploration

Evidence · text

“BLP-2024-195: 0.25% copper, 0.08 g/t gold over 407.75 metres from 22.50 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Strong InterceptRejected · positive · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 0.25% is strong for a porphyry deposit, especially over such a wide interval.

Evidence · text

“0.25% copper”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: This is described as a 'new Trancaloma copper-gold target', indicating an extension of mineralization beyond known limits.

Evidence · text

“new Trancaloma copper-gold target”

Nearology PlayRejected · neutral

Value premise rests on proximity to a known deposit rather than own results.

Reason: The target is located 'less than one kilometre east of the Bonza Sur deposit', leveraging proximity to a known deposit.

Evidence · text

“located less than one kilometre east of the Bonza Sur deposit”
BLP-2024-195Fruta del Norte · goldGrade: 0.08Grade Unit: g/tIntercept: 407.75 mView all details
Link to this fact

Identity

Hole ID
BLP-2024-195
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
0.08
Grade Unit
g/t
Intercept
407.75 m
From
22.5 m
To
430.25 m
Intercept Depth
22.5 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BLP-2024-195:22.5-430.25
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This represents a new copper-gold discovery with a weak gold grade over an exceptionally wide interval, suggesting significant potential for a porphyry system.

Positive factors

  • New copper-gold discovery at Trancaloma target
  • Exceptionally wide interval
  • Potential for a porphyry system

Negative factors

  • True width not stated
  • Weak gold grade
  • Early-stage results requiring further exploration

Evidence · text

“BLP-2024-195: 0.25% copper, 0.08 g/t gold over 407.75 metres from 22.50 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Weak InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The gold grade of 0.08 g/t is below the weak threshold for gold in a porphyry deposit.

Evidence · text

“0.08 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: This is described as a 'new Trancaloma copper-gold target', indicating an extension of mineralization beyond known limits.

Evidence · text

“new Trancaloma copper-gold target”

Nearology PlayRejected · neutral

Value premise rests on proximity to a known deposit rather than own results.

Reason: The target is located 'less than one kilometre east of the Bonza Sur deposit', leveraging proximity to a known deposit.

Evidence · text

“located less than one kilometre east of the Bonza Sur deposit”
BLP-2024-195Fruta del Norte · copperGrade: 0.31Grade Unit: %Intercept: 228 mView all details
Link to this fact

Identity

Hole ID
BLP-2024-195
Project
Fruta del Norte
Commodity
copper
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
0.31
Grade Unit
%
Intercept
228 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BLP-2024-195:sub-228.0
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a moderate copper grade over a very wide sub-interval, further supporting the new discovery potential at Trancaloma.

Positive factors

  • Moderate copper grade over a very wide sub-interval
  • Supports new discovery potential

Negative factors

  • True width not stated

Evidence · text

“including 0.31% copper and 0.10 g/t gold over 228.00 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Strong InterceptRejected · positive · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 0.31% is strong for a porphyry deposit.

Evidence · text

“0.31% copper”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: This is part of a 'new Trancaloma copper-gold target', indicating an extension of mineralization beyond known limits.

Evidence · text

“new Trancaloma copper-gold target”

Nearology PlayRejected · neutral

Value premise rests on proximity to a known deposit rather than own results.

Reason: The target is located 'less than one kilometre east of the Bonza Sur deposit', leveraging proximity to a known deposit.

Evidence · text

“located less than one kilometre east of the Bonza Sur deposit”
BLP-2024-195Fruta del Norte · goldGrade: 0.1Grade Unit: g/tIntercept: 228 mView all details
Link to this fact

Identity

Hole ID
BLP-2024-195
Project
Fruta del Norte
Commodity
gold
Region
ecuador
Reported Region
ecuador
Ticker
SAND

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
228 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BLP-2024-195:sub-228.0
Mining Method
unknown

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a weak gold grade over a very wide sub-interval, further supporting the new discovery potential at Trancaloma.

Positive factors

  • Very wide sub-interval
  • Supports new discovery potential

Negative factors

  • True width not stated
  • Weak gold grade

Evidence · text

“including 0.31% copper and 0.10 g/t gold over 228.00 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Weak InterceptRejected · negative · Story-specific tag

No canonical definition is currently available.

Reason: The gold grade of 0.10 g/t is below the weak threshold for gold in a porphyry deposit.

Evidence · text

“0.10 g/t gold”

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document explicitly states that results are 'not true widths'.

Evidence · text

“(not true widths)”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: This is part of a 'new Trancaloma copper-gold target', indicating an extension of mineralization beyond known limits.

Evidence · text

“new Trancaloma copper-gold target”

Nearology PlayRejected · neutral

Value premise rests on proximity to a known deposit rather than own results.

Reason: The target is located 'less than one kilometre east of the Bonza Sur deposit', leveraging proximity to a known deposit.

Evidence · text

“located less than one kilometre east of the Bonza Sur deposit”
UGD 578Oyu Tolgoi · copperGrade: 1.36Grade Unit: %Intercept: 164 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
UGD 578
Project
Oyu Tolgoi
Commodity
copper
Region
mongolia
Reported Region
mongolia
Ticker
SAND

Geometry

Grade
1.36
Grade Unit
%
Intercept
164 m
From
150 m
To
314 m
Intercept Depth
150 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGD 578:150-314
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a strong historical copper intercept over a very wide interval from underground drilling, re-reported as part of the portfolio update.

Positive factors

  • Strong copper grade over a very wide interval from underground drilling

Negative factors

  • Results are from drilling completed in 2022-2024 and previously released assays (stale data)

Evidence · text

“UGD 578: 164 metres grading 1.36% copper and 0.42 g/t gold from 150 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Strong InterceptRejected · positive · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 1.36% is strong for an underground mining method.

Evidence · text

“1.36% copper”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: The results are from drilling completed in 2022-2024 and are 'in addition to previously released assays'.

Evidence · text

“additional analytical results from drilling completed in 2022–2024 at the Hugo North Extension ("HNE") and the western edge of the Heruga deposit at the Oyu Tolgoi mine in Mongolia . The results are in addition to previously released assays in the latter half of 2024”
UGD 578Oyu Tolgoi · goldGrade: 0.42Grade Unit: g/tIntercept: 164 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
UGD 578
Project
Oyu Tolgoi
Commodity
gold
Region
mongolia
Reported Region
mongolia
Ticker
SAND

Geometry

Grade
0.42
Grade Unit
g/t
Intercept
164 m
From
150 m
To
314 m
Intercept Depth
150 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGD 578:150-314
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a moderate historical gold intercept over a very wide interval from underground drilling, re-reported as part of the portfolio update.

Positive factors

  • Moderate gold grade over a very wide interval from underground drilling

Negative factors

  • Results are from drilling completed in 2022-2024 and previously released assays (stale data)

Evidence · text

“UGD 578: 164 metres grading 1.36% copper and 0.42 g/t gold from 150 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Moderate InterceptRejected · neutral · Story-specific tag

No canonical definition is currently available.

Reason: The gold grade of 0.42 g/t is within the moderate range for an underground mining method.

Evidence · text

“0.42 g/t gold”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: The results are from drilling completed in 2022-2024 and are 'in addition to previously released assays'.

Evidence · text

“additional analytical results from drilling completed in 2022–2024 at the Hugo North Extension ("HNE") and the western edge of the Heruga deposit at the Oyu Tolgoi mine in Mongolia . The results are in addition to previously released assays in the latter half of 2024”
UGD 578Oyu Tolgoi · copperGrade: 2.42Grade Unit: %Intercept: 72 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
UGD 578
Project
Oyu Tolgoi
Commodity
copper
Region
mongolia
Reported Region
mongolia
Ticker
SAND

Geometry

Grade
2.42
Grade Unit
%
Intercept
72 m
From
206 m
To
278 m
Intercept Depth
206 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGD 578:206-278
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is an exceptional historical copper sub-interval over a wide width from underground drilling, re-reported as part of the portfolio update.

Positive factors

  • Exceptional copper grade over a wide sub-interval from underground drilling

Negative factors

  • Results are from drilling completed in 2022-2024 and previously released assays (stale data)

Evidence · text

“including 72 metres grading 2.42% copper and 0.80 g/t gold from 206 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The copper grade of 2.42% is above the exceptional threshold for an underground mining method.

Evidence · text

“2.42% copper”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: The results are from drilling completed in 2022-2024 and are 'in addition to previously released assays'.

Evidence · text

“additional analytical results from drilling completed in 2022–2024 at the Hugo North Extension ("HNE") and the western edge of the Heruga deposit at the Oyu Tolgoi mine in Mongolia . The results are in addition to previously released assays in the latter half of 2024”
UGD 578Oyu Tolgoi · goldGrade: 0.8Grade Unit: g/tIntercept: 72 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
UGD 578
Project
Oyu Tolgoi
Commodity
gold
Region
mongolia
Reported Region
mongolia
Ticker
SAND

Geometry

Grade
0.8
Grade Unit
g/t
Intercept
72 m
From
206 m
To
278 m
Intercept Depth
206 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGD 578:206-278
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a moderate historical gold sub-interval over a wide width from underground drilling, re-reported as part of the portfolio update.

Positive factors

  • Moderate gold grade over a wide sub-interval from underground drilling

Negative factors

  • Results are from drilling completed in 2022-2024 and previously released assays (stale data)

Evidence · text

“including 72 metres grading 2.42% copper and 0.80 g/t gold from 206 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Moderate InterceptRejected · neutral · Story-specific tag

No canonical definition is currently available.

Reason: The gold grade of 0.80 g/t is within the moderate range for an underground mining method.

Evidence · text

“0.80 g/t gold”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: The results are from drilling completed in 2022-2024 and are 'in addition to previously released assays'.

Evidence · text

“additional analytical results from drilling completed in 2022–2024 at the Hugo North Extension ("HNE") and the western edge of the Heruga deposit at the Oyu Tolgoi mine in Mongolia . The results are in addition to previously released assays in the latter half of 2024”
UGD 807COyu Tolgoi · copperGrade: 1.19Grade Unit: %Intercept: 465.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
UGD 807C
Project
Oyu Tolgoi
Commodity
copper
Region
mongolia
Reported Region
mongolia
Ticker
SAND

Geometry

Grade
1.19
Grade Unit
%
Intercept
465.5 m
From
205.1 m
To
670.6 m
Intercept Depth
205.1 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGD 807C:205.1-670.6
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a strong historical copper intercept over an exceptionally wide interval from underground drilling, re-reported as part of the portfolio update.

Positive factors

  • Strong copper grade over an exceptionally wide interval from underground drilling

Negative factors

  • Results are from drilling completed in 2022-2024 and previously released assays (stale data)

Evidence · text

“UGD 807C: 465.5 metres grading 1.19% copper and 0.56 g/t gold from 205.1 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Strong InterceptRejected · positive · Story-specific tag

No canonical definition is currently available.

Reason: The copper grade of 1.19% is strong for an underground mining method.

Evidence · text

“1.19% copper”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: The results are from drilling completed in 2022-2024 and are 'in addition to previously released assays'.

Evidence · text

“additional analytical results from drilling completed in 2022–2024 at the Hugo North Extension ("HNE") and the western edge of the Heruga deposit at the Oyu Tolgoi mine in Mongolia . The results are in addition to previously released assays in the latter half of 2024”
UGD 807COyu Tolgoi · goldGrade: 0.56Grade Unit: g/tIntercept: 465.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
UGD 807C
Project
Oyu Tolgoi
Commodity
gold
Region
mongolia
Reported Region
mongolia
Ticker
SAND

Geometry

Grade
0.56
Grade Unit
g/t
Intercept
465.5 m
From
205.1 m
To
670.6 m
Intercept Depth
205.1 m

Classification

Program
mixed
Sample Type
drill
Group ID
UGD 807C:205.1-670.6
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2025-03-12T00:00:00.000Z

Reasoning: This is a moderate historical gold intercept over an exceptionally wide interval from underground drilling, re-reported as part of the portfolio update.

Positive factors

  • Moderate gold grade over an exceptionally wide interval from underground drilling

Negative factors

  • Results are from drilling completed in 2022-2024 and previously released assays (stale data)

Evidence · text

“UGD 807C: 465.5 metres grading 1.19% copper and 0.56 g/t gold from 205.1 metres”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Moderate InterceptRejected · neutral · Story-specific tag

No canonical definition is currently available.

Reason: The gold grade of 0.56 g/t is within the moderate range for an underground mining method.

Evidence · text

“0.56 g/t gold”

QA/QC DisclosedRejected · positive

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

Reason: A Qualified Person (Imola Götz) has reviewed and approved the scientific and technical information.

Evidence · text

“Imola Götz (M.Sc., P.Eng, F.E.C.), Sandstorm's Vice President, Mining & Engineering is a Qualified Person as defined by Canadian National Instrument 43-101. Ms. Götz has reviewed and approved the scientific and technical information in this news release.”

Stale Data Re-releaseRejected · negative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Reason: The results are from drilling completed in 2022-2024 and are 'in addition to previously released assays'.

Evidence · text

“additional analytical results from drilling completed in 2022–2024 at the Hugo North Extension ("HNE") and the western edge of the Heruga deposit at the Oyu Tolgoi mine in Mongolia . The results are in addition to previously released assays in the latter half of 2024”

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.