# Sandstorm Gold Royalties Portfolio Drilling and Development Highlights

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e

Original source: https://money.tmx.com/en/quote/SAND/news/5362652891056819/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights

Publisher: tmx

Original announcement: 2025-03-12T20:25:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Multiple high-grade gold intercepts reported across various projects

- Positive factor: New copper-gold discovery at Trancaloma target with significant width

- Positive factor: Progress towards first gold production at Bayan Khundii project

- Positive factor: Significant drill programs planned for 2025 at multiple assets

- Positive factor: Extension of known mineralization at Oyu Tolgoi and Omai Gold Mines

- Negative factor: Some drill results are reported as 'not true widths'

- Negative factor: Some reported MRE figures are historical or previously announced

- Negative factor: 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

## Classification and evidence

No classification tags are available.

## Extracted facts

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

## Drill Results (20)

### UGE-S-24-212

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-0)

Fruta del Norte · gold

#### 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 factor: Bonanza grade gold intercept

- Positive factor: Significant intercept width

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-24-212

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-1)

Fruta del Norte · gold

#### 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 factor: Extremely high-grade gold sub-interval

- Negative factor: True width not stated

- Negative factor: Narrow intercept width

Evidence · text

> including 572.47 g/t gold over 2.50 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-24-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-2)

Fruta del Norte · gold

#### 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 factor: Bonanza grade gold intercept

- Positive factor: Significant intercept width

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-24-213

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-3)

Fruta del Norte · gold

#### 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 factor: Extremely high-grade gold sub-interval

- Negative factor: True width not stated

- Negative factor: Narrow intercept width

Evidence · text

> including 394.78 g/t gold over 2.10 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-24-185

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-4)

Fruta del Norte · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: High-grade gold intercept

- Positive factor: Significant intercept width

- Negative factor: True width not stated

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-release** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-24-185

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-5)

Fruta del Norte · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: High-grade gold sub-interval

- Negative factor: True width not stated

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-release** — Rejected; excluded from scoring

Polarity: negative

Definition: 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-2024-200

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-6)

Fruta del Norte · gold

#### 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 factor: Strong gold grade over an exceptionally wide interval

- Positive factor: Indicates significant mineralization continuity

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-2024-200

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-7)

Fruta del Norte · gold

#### 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 factor: Bonanza grade gold sub-interval

- Negative factor: True width not stated

Evidence · text

> including 7.13 g/t gold over 8.40 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-24-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-8)

Fruta del Norte · gold

#### 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 factor: Bonanza grade gold intercept

- Positive factor: Moderate intercept width

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-24-210

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-9)

Fruta del Norte · gold

#### 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 factor: Bonanza grade gold sub-interval

- Negative factor: True width not stated

- Negative factor: Narrow intercept width

Evidence · text

> including 14.84 g/t gold over 3.25 metres

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-2024-195

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-10)

Fruta del Norte · copper

#### 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 factor: New copper-gold discovery at Trancaloma target

- Positive factor: Moderate copper grade over an exceptionally wide interval

- Positive factor: Potential for a porphyry system

- Negative factor: True width not stated

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Play** — Rejected; excluded from scoring

Polarity: neutral

Definition: 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-2024-195

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-11)

Fruta del Norte · gold

#### 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 factor: New copper-gold discovery at Trancaloma target

- Positive factor: Exceptionally wide interval

- Positive factor: Potential for a porphyry system

- Negative factor: True width not stated

- Negative factor: Weak gold grade

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Weak Intercept** — Rejected; excluded from scoring

Polarity: negative

Story-specific tag

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Play** — Rejected; excluded from scoring

Polarity: neutral

Definition: 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-2024-195

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-12)

Fruta del Norte · copper

#### 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 factor: Moderate copper grade over a very wide sub-interval

- Positive factor: Supports new discovery potential

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Play** — Rejected; excluded from scoring

Polarity: neutral

Definition: 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-2024-195

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-13)

Fruta del Norte · gold

#### 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 factor: Very wide sub-interval

- Positive factor: Supports new discovery potential

- Negative factor: True width not stated

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Weak Intercept** — Rejected; excluded from scoring

Polarity: negative

Story-specific tag

Definition: 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 Only** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Play** — Rejected; excluded from scoring

Polarity: neutral

Definition: 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 578

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-14)

Oyu Tolgoi · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: Strong copper grade over a very wide interval from underground drilling

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-release** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 578

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-15)

Oyu Tolgoi · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Moderate gold grade over a very wide interval from underground drilling

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Moderate Intercept** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-release** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 578

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-16)

Oyu Tolgoi · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: Exceptional copper grade over a wide sub-interval from underground drilling

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-release** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 578

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-17)

Oyu Tolgoi · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Moderate gold grade over a wide sub-interval from underground drilling

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Moderate Intercept** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-release** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 807C

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-18)

Oyu Tolgoi · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: Strong copper grade over an exceptionally wide interval from underground drilling

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Strong Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-release** — Rejected; excluded from scoring

Polarity: negative

Definition: 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 807C

[Link to this fact](https://atlas-extractions.minestarters.com/news/sandstorm-gold-royalties-portfolio-drilling-and-development-highlights--ca1ea0a7-f7e3-4768-b252-9a3c8096d82e#fact-drill-facts-19)

Oyu Tolgoi · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Moderate gold grade over an exceptionally wide interval from underground drilling

- Negative factor: 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 Disclosure**

Polarity: negative

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

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

#### Rejected tags

**Moderate Intercept** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-release** — Rejected; excluded from scoring

Polarity: negative

Definition: 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.