Total Metals Corrects Disclosure on Menary Gold Project Acquisition
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 02:54:22 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Total Metals Corp. has closed the acquisition of the Menary Gold Project in Ontario, structured as a four-year earn-in agreement. 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.
Reasoning: The company successfully closed an acquisition of a gold project that contains high-grade grab and channel samples, alongside a new drill intercept, though it is encumbered by a royalty.
Positive factors
- Closing of Menary Gold Project acquisition
- Exceptional bonanza-grade grab samples
- New mineralized zone identified via drilling
- Strategic location near major district players
Negative factors
- Subject to 4.5% NSR royalty
Facts used in scoring: 7
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 are exceptionally high-grade.
Evidence · text
“Exceptional high-grade grab samples returning 8,120 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”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Qualified Person Robert Penczak is named and has reviewed the technical information.
Evidence · text
“Qualified Person Robert Penczak, M.Sc., P.Geo (Ontario)... has reviewed and approved the scientific and technical information”
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: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
Fact 1Menary · goldGrade: 8120Grade Unit: g/tView all detailsHide details
Identity
- Project
- Menary
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- TT
Geometry
- Grade
- 8120
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Location
- Location
- Galbraith "A" Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-25T00:00:00.000Z
Reasoning: Extremely high grade grab samples.
Positive factors
- Bonanza grade
Evidence · text
“8,120 g/t Au”
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
Fact 2Menary · goldGrade: 1885Grade Unit: g/tView all detailsHide details
Identity
- Project
- Menary
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- TT
Geometry
- Grade
- 1885
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Location
- Location
- Galbraith "A" Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-25T00:00:00.000Z
Reasoning: Extremely high grade grab samples.
Positive factors
- Bonanza grade
Evidence · text
“1,885 g/t Au”
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
Fact 3Menary · goldGrade: 1400Grade Unit: g/tView all detailsHide details
Identity
- Project
- Menary
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- TT
Geometry
- Grade
- 1400
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Location
- Location
- Galbraith "A" Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-25T00:00:00.000Z
Reasoning: Extremely high grade grab samples.
Positive factors
- Bonanza grade
Evidence · text
“1,400 g/t Au”
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
Fact 4Menary · 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
- Sample Type
- channel
Location
- Location
- Galbraith "A" Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-25T00:00:00.000Z
Reasoning: High grade channel sample.
Positive factors
- High grade
Evidence · text
“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
Fact 5Menary · 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
- Sample Type
- channel
Location
- Location
- Galbraith "A" Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-25T00:00:00.000Z
Reasoning: High grade channel sample.
Positive factors
- High 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
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
- Sample Type
- drill
Location
- Location
- Wagg Zone
- Loc. Source
- document
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
- 2026-03-25T00:00:00.000Z
Reasoning: Drill intercept identifying a new zone at depth.
Positive factors
- New mineralized zone
Evidence · text
“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
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.