Total Metals Completes Acquisition of Menary Gold Project
Original announcement by tmx on
- Company
- Total Metals Corp.
- Ticker
- TT
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Agreement transaction
- Extracted
- 2026-09-17 02:55:57 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Total Metals Corp. has closed the acquisition of the Menary Gold Project in Ontario, Canada. The project features high-grade grab samples up to 8,120 g/t Au and a new drill intercept of 16.99 g/t Au over 6.3m, located adjacent to Coeur Mining's Rainy River Mine.
Reasoning: The company has successfully closed an acquisition of a gold project that shows high-grade surface samples and new drill intercepts, located in a tier-1 jurisdiction near a major mine.
Positive factors
- Acquisition of Menary Gold Project completed
- High-grade grab samples (up to 8,120 g/t Au)
- New mineralized zone identified via drilling
- Strategic location adjacent to Coeur's Rainy River Mine
Negative factors
- Subject to 4.5% NSR royalty
Facts used in scoring: 4
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Grab samples of 8,120 g/t Au and 1,885 g/t Au represent exceptionally high-grade zones.
Evidence · text
“Exceptional high-grade grab samples returning 8,120 g/t Au , 1,885 g/t Au , and 1,400 g/t Au”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drill hole MIN-11-18 identified a new, previously unknown mineralized zone at depth.
Evidence · text
“identifying a new, previously unknown mineralized zone at depth”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The property borders the land package of the Rainy River Mine.
Evidence · text
“borders the land package of the Rainy River Mine”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Drill Results (3)
MIN-11-18Menary · goldGrade: 16.99Grade Unit: g/tIntercept: 6.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MIN-11-18
- Project
- Menary
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- TT
Geometry
- Grade
- 16.99
- Grade Unit
- g/t
- Intercept
- 6.3 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- unknown
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2011-01-01T00:00:00.000Z
Dates
- Event date
- 2026-03-23T00:00:00.000Z
Reasoning: New drill intercept identifying a previously unknown zone.
Positive factors
- High grade intercept
Evidence · text
“MIN-11-18 intersected 16.99 g/t Au over 6.3 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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: "(" Coeur "), contiguous with its Rainy River Mine, a ~US$7 billion acquisition of New Gold Inc."
Fact 2Menary · goldGrade: 243Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Project
- Menary
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- TT
Geometry
- Grade
- 243
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- channel
- Mining Method
- unknown
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-23T00:00:00.000Z
Reasoning: High grade channel sample.
Positive factors
- High grade
Evidence · text
“channel sampling across the shear structure returned 243.00 g/t Au over 1.0 metre”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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: "(" Coeur "), contiguous with its Rainy River Mine, a ~US$7 billion acquisition of New Gold Inc."
Fact 3Menary · goldGrade: 45.38Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Project
- Menary
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- TT
Geometry
- Grade
- 45.38
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- channel
- Mining Method
- unknown
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-23T00:00:00.000Z
Reasoning: Lower grade channel sample.
Positive factors
- Gold grade
Evidence · text
“45.38 g/t Au over 1.0 metre”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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: "(" Coeur "), contiguous with its Rainy River Mine, a ~US$7 billion acquisition of New Gold Inc."
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.