T2 Metals Announces NI 43-101 Mineral Resource Estimate at the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada
Original announcement by tmx on
- Company
- T2 Metals
- Ticker
- TWO
- Exchange
- TSX
- Region
- Manitoba, Canada
- Primary commodity
- Copper
- Secondary commodities
- Zinc, Gold, Silver
- Document categories
- Resource update, Drill results
- Extracted
- 2026-09-17 02:51:49 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
T2 Metals announced a maiden NI 43-101 Mineral Resource Estimate for its Sherridon Copper-Zinc-Gold-Silver Project in Manitoba, Canada. The MRE defines a total Indicated Mineral Resource of 10.04 million tonnes grading 1.0% CuEq and a total Inferred Mineral Resource of 18.15 million tonnes grading 1.7% CuEq across four VMS deposits. The company plans to advance the project to a Preliminary Economic Assessment, citing significant growth potential and excellent infrastructure.
Reasoning: T2 Metals announced a significant maiden NI 43-101 compliant Mineral Resource Estimate for its Sherridon project, defining substantial indicated and inferred resources of copper, zinc, gold, and silver across four VMS deposits. The MRE highlights high-grade, near-surface mineralization, strong growth potential, and excellent infrastructure, with plans to advance to a PEA, indicating a positive de-risking and value creation event for the company.
Positive factors
- Maiden NI 43-101 Mineral Resource Estimate for the Sherridon project
- Substantial Indicated and Inferred resources across four VMS deposits
- Resources remain open along strike and at depth, indicating growth potential
- Project contains significant contained metal (86 Mlb Cu, 96 koz Au Indicated; 430 Mlb Cu, 158 koz Au Inferred)
- High-grade near-surface mineralization identified
- Excellent infrastructure with year-round road access and active rail line
- QP signed and NI 43-101 compliant
- Plans to advance to Preliminary Economic Assessment (PEA)
Negative factors
- No Measured resources, limiting the highest confidence category
- Significant portion of the resource is in the Inferred category
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 89
Classification and evidence
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Extracted facts
Stored fact records: 89. Some facts used in scoring do not have a stored record.
Drill Results (4)
SH23005Sherridon · copperGrade: 1.18Grade Unit: %Intercept: 23.5 mView all detailsHide details
Identity
- Hole ID
- SH23005
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- canada_mb
- Ticker
- TWO
Geometry
- Grade
- 1.18
- Grade Unit
- %
- Intercept
- 23.5 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This drill intercept shows a strong copper grade over a significant width, supporting the high-grade potential of the project, though it is mentioned as 'more recent' rather than a brand new result.
Positive factors
- High-grade copper intercept
- Significant intercept length
- Supports high-grade potential of the project
Evidence · text
“23.50 m @ 1.18% Cu”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Sherridon is located only 65 km from Flin Flon (Figure 1) and 120 km from the McIlvenna Bay development project — recent"
SH23005Sherridon · goldGrade: 6.8Grade Unit: g/tIntercept: 23.5 mView all detailsHide details
Identity
- Hole ID
- SH23005
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- canada_mb
- Ticker
- TWO
Geometry
- Grade
- 6.8
- Grade Unit
- g/t
- Intercept
- 23.5 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This drill intercept shows a high gold grade over a significant width, supporting the high-grade potential of the project, though it is mentioned as 'more recent' rather than a brand new result.
Positive factors
- High-grade gold intercept
- Significant intercept length
- Supports high-grade potential of the project
Evidence · text
“6.8 g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Sherridon is located only 65 km from Flin Flon (Figure 1) and 120 km from the McIlvenna Bay development project — recent"
SH23005Sherridon · silverGrade: 40.4Grade Unit: g/tIntercept: 23.5 mView all detailsHide details
Identity
- Hole ID
- SH23005
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- canada_mb
- Ticker
- TWO
Geometry
- Grade
- 40.4
- Grade Unit
- g/t
- Intercept
- 23.5 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This drill intercept shows a good silver grade over a significant width, supporting the high-grade potential of the project, though it is mentioned as 'more recent' rather than a brand new result.
Positive factors
- Good silver grade intercept
- Significant intercept length
- Supports high-grade potential of the project
Evidence · text
“40.4 g/t Ag”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Sherridon is located only 65 km from Flin Flon (Figure 1) and 120 km from the McIlvenna Bay development project — recent"
SH23005Sherridon · zincGrade: 1.46Grade Unit: %Intercept: 23.5 mView all detailsHide details
Identity
- Hole ID
- SH23005
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- canada_mb
- Ticker
- TWO
Geometry
- Grade
- 1.46
- Grade Unit
- %
- Intercept
- 23.5 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This drill intercept shows a good zinc grade over a significant width, supporting the high-grade potential of the project, though it is mentioned as 'more recent' rather than a brand new result.
Positive factors
- Good zinc grade intercept
- Significant intercept length
- Supports high-grade potential of the project
Evidence · text
“1.46% Zn”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Sherridon is located only 65 km from Flin Flon (Figure 1) and 120 km from the McIlvenna Bay development project — recent"
Resource Estimates (85)
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 650000Grade: 0.35Grade Unit: %Contained Metal: 5.03Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:03cad8f98ab5fddcd539
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 5.03
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper at the Cold Lake deposit, part of the new MRE, with a reasonable grade for open pit VMS and good confidence.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.35”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 650000Grade: 0.66Grade Unit: %Contained Metal: 9.48Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:03cad8f98ab5fddcd539
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.66
- Grade Unit
- %
- Contained Metal
- 9.48
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for zinc at the Cold Lake deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.66”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 650000Grade: 0.32Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:03cad8f98ab5fddcd539
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.32
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for gold at the Cold Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.32”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 650000Grade: 7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:03cad8f98ab5fddcd539
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 7
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for silver at the Cold Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“7.00”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 650000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:03cad8f98ab5fddcd539
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.91
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper equivalent at the Cold Lake deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Metal equivalent grade provides a combined value for polymetallic deposit
Evidence · table
“0.91”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 310000Grade: 0.32Grade Unit: %Contained Metal: 2.21Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1e6096797c9850d993c2
- Deposit or zone
- Cold Lake
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 0.32
- Grade Unit
- %
- Contained Metal
- 2.21
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper at the Cold Lake deposit, part of the new MRE, with a grade that is moderate for underground VMS.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.32”
Context: 0.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 310000Grade: 0.58Grade Unit: %Contained Metal: 40Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1e6096797c9850d993c2
- Deposit or zone
- Cold Lake
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 0.58
- Grade Unit
- %
- Contained Metal
- 40
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for zinc at the Cold Lake deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.58”
Context: 0.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 310000Grade: 0.46Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1e6096797c9850d993c2
- Deposit or zone
- Cold Lake
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 0.46
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for gold at the Cold Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.46”
Context: 0.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 310000Grade: 7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1e6096797c9850d993c2
- Deposit or zone
- Cold Lake
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 7
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for silver at the Cold Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“7.00”
Context: 0.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 310000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1e6096797c9850d993c2
- Deposit or zone
- Cold Lake
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.94
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper equivalent at the Cold Lake deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Metal equivalent grade provides a combined value for polymetallic deposit
Evidence · table
“0.94”
Context: 0.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 1890000Grade: 0.61Grade Unit: %Contained Metal: 25.48Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1806551e830bdce80b29
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 0.61
- Grade Unit
- %
- Contained Metal
- 25.48
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper at the Lost Lake deposit, part of the new MRE, with a strong grade for open pit VMS and good confidence.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Open pit mining method suggests lower operating costs
- Strong copper grade for VMS deposit
Evidence · table
“0.61”
Context: 1.89
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 1890000Grade: 2.25Grade Unit: %Contained Metal: 93.97Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1806551e830bdce80b29
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 2.25
- Grade Unit
- %
- Contained Metal
- 93.97
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for zinc at the Lost Lake deposit, part of the new MRE, with a strong grade for open pit VMS, contributing significantly to the polymetallic nature.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Open pit mining method suggests lower operating costs
- Strong zinc grade for VMS deposit
Evidence · table
“2.25”
Context: 1.89
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 1890000Grade: 0.59Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1806551e830bdce80b29
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 0.59
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for gold at the Lost Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.59”
Context: 1.89
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 1890000Grade: 8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1806551e830bdce80b29
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 8
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for silver at the Lost Lake deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“8.00”
Context: 1.89
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 1890000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1806551e830bdce80b29
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.13
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper equivalent at the Lost Lake deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- High metal equivalent grade for polymetallic deposit
Evidence · table
“2.13”
Context: 1.89
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 3230000Grade: 0.34Grade Unit: %Contained Metal: 24.22Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c30e22bdcb293578a606
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 24.22
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper at the Bob deposit, part of the new MRE, with a moderate grade for open pit VMS and good confidence.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.34”
Context: 3.23
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 3230000Grade: 0.33Grade Unit: %Contained Metal: 23.5Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c30e22bdcb293578a606
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 23.5
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for zinc at the Bob deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.33”
Context: 3.23
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 3230000Grade: 0.27Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c30e22bdcb293578a606
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 0.27
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for gold at the Bob deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.27”
Context: 3.23
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 3230000Grade: 3.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c30e22bdcb293578a606
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 3.9
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for silver at the Bob deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“3.90”
Context: 3.23
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 3230000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c30e22bdcb293578a606
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.69
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper equivalent at the Bob deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Metal equivalent grade provides a combined value for polymetallic deposit
Evidence · table
“0.69”
Context: 3.23
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 990000Grade: 0.34Grade Unit: %Contained Metal: 7.43Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a2b917dd15cee0d5cec5
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 7.43
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper at the Bob deposit, part of the new MRE, with a moderate grade for underground VMS.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.34”
Context: 0.99
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 990000Grade: 0.64Grade Unit: %Contained Metal: 13.99Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a2b917dd15cee0d5cec5
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 0.64
- Grade Unit
- %
- Contained Metal
- 13.99
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for zinc at the Bob deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.64”
Context: 0.99
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 990000Grade: 0.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a2b917dd15cee0d5cec5
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 0.4
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for gold at the Bob deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.40”
Context: 0.99
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 990000Grade: 5.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a2b917dd15cee0d5cec5
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 5.02
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for silver at the Bob deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“5.02”
Context: 0.99
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 990000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a2b917dd15cee0d5cec5
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.93
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper equivalent at the Bob deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Metal equivalent grade provides a combined value for polymetallic deposit
Evidence · table
“0.93”
Context: 0.99
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 2310000Grade: 0.33Grade Unit: %Contained Metal: 16.77Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:50efc12ab4d2c2452ae4
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 16.77
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper at the Jungle deposit, part of the new MRE, with a moderate grade for open pit VMS and good confidence.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.33”
Context: 2.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 2310000Grade: 0.3Grade Unit: %Contained Metal: 15.25Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:50efc12ab4d2c2452ae4
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 15.25
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for zinc at the Jungle deposit, part of the new MRE, contributing to the polymetallic nature of the VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.3”
Context: 2.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 2310000Grade: 0.08Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:50efc12ab4d2c2452ae4
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 0.08
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for gold at the Jungle deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.08”
Context: 2.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 2310000Grade: 2.83Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:50efc12ab4d2c2452ae4
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 2.83
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for silver at the Jungle deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“2.83”
Context: 2.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 2310000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:50efc12ab4d2c2452ae4
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper equivalent at the Jungle deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Metal equivalent grade provides a combined value for polymetallic deposit
Evidence · table
“0.53”
Context: 2.31
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 650000Grade: 0.33Grade Unit: %Contained Metal: 4.74Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3acfa7c4cceee3cdd543
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 4.74
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper at the Jungle deposit, part of the new MRE, with a moderate grade for underground VMS.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.33”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 650000Grade: 1.58Grade Unit: %Contained Metal: 22.7Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3acfa7c4cceee3cdd543
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 1.58
- Grade Unit
- %
- Contained Metal
- 22.7
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for zinc at the Jungle deposit, part of the new MRE, with a strong grade for underground VMS, contributing significantly to the polymetallic nature.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Strong zinc grade for VMS deposit
Evidence · table
“1.58”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 650000Grade: 0.09Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3acfa7c4cceee3cdd543
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.09
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for gold at the Jungle deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.09”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 650000Grade: 2.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3acfa7c4cceee3cdd543
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 2.5
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for silver at the Jungle deposit, part of the new MRE, contributing as a byproduct to the overall project economics.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“2.5”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 650000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3acfa7c4cceee3cdd543
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.17
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Indicated resource for copper equivalent at the Jungle deposit, part of the new MRE, providing a combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Metal equivalent grade provides a combined value for polymetallic deposit
Evidence · table
“1.17”
Context: 0.65
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 8080000Grade: 0.4Grade Unit: %Contained Metal: 71.49Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3c75cfe3cab7dd88b6ce
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 71.49
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for copper in the open pit portion of the Sherridon project, representing a significant contained metal amount.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Significant contained copper in the open pit portion
Evidence · table
“0.4”
Context: 8.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 8080000Grade: 0.8Grade Unit: %Contained Metal: 142.2Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3c75cfe3cab7dd88b6ce
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 0.8
- Grade Unit
- %
- Contained Metal
- 142.2
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for zinc in the open pit portion of the Sherridon project, representing a significant contained metal amount.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Significant contained zinc in the open pit portion
Evidence · table
“0.8”
Context: 8.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 8080000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3c75cfe3cab7dd88b6ce
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for gold in the open pit portion of the Sherridon project, contributing as a byproduct.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.3”
Context: 8.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 8080000Grade: 4.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3c75cfe3cab7dd88b6ce
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 4.8
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for silver in the open pit portion of the Sherridon project, contributing as a byproduct.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“4.8”
Context: 8.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 8080000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:3c75cfe3cab7dd88b6ce
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for copper equivalent in the open pit portion of the Sherridon project, providing a combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Metal equivalent grade provides a combined value for polymetallic deposit
Evidence · table
“1.0”
Context: 8.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 1960000Grade: 0.3Grade Unit: %Contained Metal: 14.38Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:dbd4ede14e5629f1e23c
- Deposit or zone
- Total Indicated
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 14.38
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for copper in the underground portion of the Sherridon project, representing a significant contained metal amount.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Significant contained copper in the underground portion
Evidence · table
“0.3”
Context: 1.96
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 1960000Grade: 0.9Grade Unit: %Contained Metal: 40.7Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:dbd4ede14e5629f1e23c
- Deposit or zone
- Total Indicated
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 0.9
- Grade Unit
- %
- Contained Metal
- 40.7
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for zinc in the underground portion of the Sherridon project, representing a significant contained metal amount.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Significant contained zinc in the underground portion
Evidence · table
“0.9”
Context: 1.96
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 1960000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:dbd4ede14e5629f1e23c
- Deposit or zone
- Total Indicated
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for gold in the underground portion of the Sherridon project, contributing as a byproduct.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“0.3”
Context: 1.96
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 1960000Grade: 4.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:dbd4ede14e5629f1e23c
- Deposit or zone
- Total Indicated
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 4.5
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for silver in the underground portion of the Sherridon project, contributing as a byproduct.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
Evidence · table
“4.5”
Context: 1.96
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 1960000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:dbd4ede14e5629f1e23c
- Deposit or zone
- Total Indicated
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Indicated resource for copper equivalent in the underground portion of the Sherridon project, providing a combined value for the polymetallic VMS deposit.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Indicated resource category provides good confidence
- Metal equivalent grade provides a combined value for polymetallic deposit
Evidence · table
“1.0”
Context: 1.96
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 420000Grade: 1.42Grade Unit: %Contained Metal: 13.14Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a9462da181643547bd5d
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 1.42
- Grade Unit
- %
- Contained Metal
- 13.14
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper at the Cold Lake deposit, part of the new MRE, with a strong grade for open pit VMS, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong copper grade for VMS deposit
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.42”
Context: 0.42
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 420000Grade: 2.08Grade Unit: %Contained Metal: 19.24Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a9462da181643547bd5d
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 2.08
- Grade Unit
- %
- Contained Metal
- 19.24
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for zinc at the Cold Lake deposit, part of the new MRE, with a strong grade for open pit VMS, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong zinc grade for VMS deposit
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“2.08”
Context: 0.42
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 420000Grade: 0.34Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a9462da181643547bd5d
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 0.34
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for gold at the Cold Lake deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.34”
Context: 0.42
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 420000Grade: 21Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:97db72c72f81b75c38d5
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 21
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for silver at the Cold Lake deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“21”
Context: 0.42
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 420000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:a9462da181643547bd5d
- Deposit or zone
- Cold Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper equivalent at the Cold Lake deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- High metal equivalent grade for polymetallic deposit
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“2.7”
Context: 0.42
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 480000Grade: 1.38Grade Unit: %Contained Metal: 14.44Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:845a9848d308a509e83f
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 1.38
- Grade Unit
- %
- Contained Metal
- 14.44
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper at the Lost Lake deposit, part of the new MRE, with a strong grade for open pit VMS, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong copper grade for VMS deposit
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.38”
Context: 0.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 480000Grade: 3.31Grade Unit: %Contained Metal: 34.61Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:845a9848d308a509e83f
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 3.31
- Grade Unit
- %
- Contained Metal
- 34.61
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for zinc at the Lost Lake deposit, part of the new MRE, with a strong grade for open pit VMS, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong zinc grade for VMS deposit
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“3.31”
Context: 0.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 480000Grade: 0.76Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:845a9848d308a509e83f
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 0.76
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for gold at the Lost Lake deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.76”
Context: 0.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 480000Grade: 17Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:845a9848d308a509e83f
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 17
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for silver at the Lost Lake deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“17”
Context: 0.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 480000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:845a9848d308a509e83f
- Deposit or zone
- Lost Lake
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 3.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper equivalent at the Lost Lake deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- High metal equivalent grade for polymetallic deposit
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“3.5”
Context: 0.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 5820000Grade: 0.97Grade Unit: %Contained Metal: 124.4Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d1d93e5c875d4529c530
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 0.97
- Grade Unit
- %
- Contained Metal
- 124.4
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper at the Bob deposit, part of the new MRE, with a strong grade for open pit VMS and significant contained metal, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong copper grade for VMS deposit
- Open pit mining method suggests lower operating costs
- Significant contained copper
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.97”
Context: 5.82
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 5820000Grade: 0.8Grade Unit: %Contained Metal: 102.73Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d1d93e5c875d4529c530
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 0.8
- Grade Unit
- %
- Contained Metal
- 102.73
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for zinc at the Bob deposit, part of the new MRE, with a strong grade for open pit VMS and significant contained metal, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong zinc grade for VMS deposit
- Open pit mining method suggests lower operating costs
- Significant contained zinc
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.8”
Context: 5.82
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 5820000Grade: 0.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d1d93e5c875d4529c530
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 0.28
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for gold at the Bob deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.28”
Context: 5.82
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 5820000Grade: 6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d1d93e5c875d4529c530
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 6
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for silver at the Bob deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“6”
Context: 5.82
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 5820000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d1d93e5c875d4529c530
- Deposit or zone
- Bob
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper equivalent at the Bob deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- High metal equivalent grade for polymetallic deposit
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.5”
Context: 5.82
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 4190000Grade: 1.04Grade Unit: %Contained Metal: 95.94Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c29b41c42b6097ae86b3
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 1.04
- Grade Unit
- %
- Contained Metal
- 95.94
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper at the Bob deposit, part of the new MRE, with a strong grade for underground VMS and significant contained metal, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong copper grade for VMS deposit
- Significant contained copper
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.04”
Context: 4.19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 4190000Grade: 0.96Grade Unit: %Contained Metal: 88.56Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c29b41c42b6097ae86b3
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 0.96
- Grade Unit
- %
- Contained Metal
- 88.56
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for zinc at the Bob deposit, part of the new MRE, with a strong grade for underground VMS and significant contained metal, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong zinc grade for VMS deposit
- Significant contained zinc
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.96”
Context: 4.19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 4190000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c29b41c42b6097ae86b3
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for gold at the Bob deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.3”
Context: 4.19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 4190000Grade: 7.29Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c29b41c42b6097ae86b3
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 7.29
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for silver at the Bob deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“7.29”
Context: 4.19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 4190000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:c29b41c42b6097ae86b3
- Deposit or zone
- Bob
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper equivalent at the Bob deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- High metal equivalent grade for polymetallic deposit
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.7”
Context: 4.19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 2880000Grade: 1.23Grade Unit: %Contained Metal: 77.9Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:b4c793ed5c1550904fb5
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 1.23
- Grade Unit
- %
- Contained Metal
- 77.9
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper at the Jungle deposit, part of the new MRE, with a strong grade for open pit VMS and significant contained metal, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong copper grade for VMS deposit
- Open pit mining method suggests lower operating costs
- Significant contained copper
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.23”
Context: 2.88
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 2880000Grade: 0.78Grade Unit: %Contained Metal: 49.43Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:b4c793ed5c1550904fb5
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 0.78
- Grade Unit
- %
- Contained Metal
- 49.43
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for zinc at the Jungle deposit, part of the new MRE, with a strong grade for open pit VMS and significant contained metal, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong zinc grade for VMS deposit
- Open pit mining method suggests lower operating costs
- Significant contained zinc
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.78”
Context: 2.88
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 2880000Grade: 0.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:b4c793ed5c1550904fb5
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 0.28
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for gold at the Jungle deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.28”
Context: 2.88
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 2880000Grade: 6.75Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:b4c793ed5c1550904fb5
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 6.75
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for silver at the Jungle deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“6.75”
Context: 2.88
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 2880000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:b4c793ed5c1550904fb5
- Deposit or zone
- Jungle
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper equivalent at the Jungle deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- High metal equivalent grade for polymetallic deposit
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.8”
Context: 2.88
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 4380000Grade: 1.08Grade Unit: %Contained Metal: 104.26Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:029dc853b50283780549
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 1.08
- Grade Unit
- %
- Contained Metal
- 104.26
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper at the Jungle deposit, part of the new MRE, with a strong grade for underground VMS and significant contained metal, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong copper grade for VMS deposit
- Significant contained copper
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.08”
Context: 4.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 4380000Grade: 1.08Grade Unit: %Contained Metal: 104.25Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:029dc853b50283780549
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 1.08
- Grade Unit
- %
- Contained Metal
- 104.25
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for zinc at the Jungle deposit, part of the new MRE, with a strong grade for underground VMS and significant contained metal, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Strong zinc grade for VMS deposit
- Significant contained zinc
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.08”
Context: 4.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 4380000Grade: 0.16Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:029dc853b50283780549
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 0.16
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for gold at the Jungle deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.16”
Context: 4.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 4380000Grade: 5.35Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:029dc853b50283780549
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 5.35
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for silver at the Jungle deposit, part of the new MRE, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“5.35”
Context: 4.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 4380000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:029dc853b50283780549
- Deposit or zone
- Jungle
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is an Inferred resource for copper equivalent at the Jungle deposit, part of the new MRE, showing a high combined value for the polymetallic VMS deposit, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- High metal equivalent grade for polymetallic deposit
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.7”
Context: 4.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 9590000Grade: 1.1Grade Unit: %Contained Metal: 229.88Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:84640237fde7cb1a390d
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 229.88
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for copper in the open pit portion of the Sherridon project, representing a significant contained metal amount, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Significant contained copper in the open pit portion
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.1”
Context: 9.59
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 9590000Grade: 1Grade Unit: %Contained Metal: 206.01Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:84640237fde7cb1a390d
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 1
- Grade Unit
- %
- Contained Metal
- 206.01
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for zinc in the open pit portion of the Sherridon project, representing a significant contained metal amount, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Significant contained zinc in the open pit portion
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.0”
Context: 9.59
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 9590000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:84640237fde7cb1a390d
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for gold in the open pit portion of the Sherridon project, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.3”
Context: 9.59
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 9590000Grade: 7.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:84640237fde7cb1a390d
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 7.7
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for silver in the open pit portion of the Sherridon project, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“7.7”
Context: 9.59
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 9590000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:84640237fde7cb1a390d
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for copper equivalent in the open pit portion of the Sherridon project, providing a combined value for the polymetallic VMS deposit, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- High metal equivalent grade for polymetallic deposit
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.7”
Context: 9.59
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 8570000Grade: 1.1Grade Unit: %Contained Metal: 200.2Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5a1ebf72b8354a74b378
- Deposit or zone
- Total Inferred
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 200.2
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for copper in the underground portion of the Sherridon project, representing a significant contained metal amount, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Significant contained copper in the underground portion
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.1”
Context: 8.57
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · zincTonnes: 8570000Grade: 1Grade Unit: %Contained Metal: 192.81Contained Unit: m lbView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5a1ebf72b8354a74b378
- Deposit or zone
- Total Inferred
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 1
- Grade Unit
- %
- Contained Metal
- 192.81
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for zinc in the underground portion of the Sherridon project, representing a significant contained metal amount, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- Significant contained zinc in the underground portion
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.0”
Context: 8.57
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · goldTonnes: 8570000Grade: 0.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5a1ebf72b8354a74b378
- Deposit or zone
- Total Inferred
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 0.2
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for gold in the underground portion of the Sherridon project, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“0.2”
Context: 8.57
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · silverTonnes: 8570000Grade: 6.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5a1ebf72b8354a74b378
- Deposit or zone
- Total Inferred
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 6.3
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for silver in the underground portion of the Sherridon project, contributing as a byproduct, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“6.3”
Context: 8.57
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSherridon Copper-Zinc-Gold-Silver Project · copperTonnes: 8570000View all detailsHide details
Identity
- Project
- Sherridon Copper-Zinc-Gold-Silver Project
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5a1ebf72b8354a74b378
- Deposit or zone
- Total Inferred
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: This is the total Inferred resource for copper equivalent in the underground portion of the Sherridon project, providing a combined value for the polymetallic VMS deposit, but with lower confidence due to its category.
Positive factors
- Part of a new NI 43-101 MRE for the project
- High metal equivalent grade for polymetallic deposit
Negative factors
- Inferred resource category has lower confidence
Evidence · table
“1.7”
Context: 8.57
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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.