# Usha Resources Announces Induced Polarization Survey Ahead of Maiden Drill Program at the Southern Arm Copper-Gold VMS Property Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a Original source: https://money.tmx.com/en/quote/USHA/news/8082484748555084/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr Publisher: tmx Original announcement: 2024-11-20T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Usha Resources Ltd. - Ticker: USHA - Exchange: TSX - Region: Quebec - Primary commodity: Copper - Secondary commodities: Gold, Zinc, Silver - Document categories: Resource update, Other - Extracted: 2026-09-19 04:50:49 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Usha Resources is initiating an Induced Polarization \(IP\) survey at its Southern Arm copper-gold VMS property in Quebec to identify sulphide anomalies. The survey results will guide a planned 3,000-metre maiden drilling program scheduled for winter 2024-2025. Reasoning: The announcement details a planned geophysical survey to de-risk a maiden drilling program at a prospective VMS property, leveraging proximity to known mineralization. - Positive factor: Planned IP survey to target massive/disseminated sulphides - Positive factor: Proximity to known high-grade B26 deposit and historic Selbaie mine - Positive factor: Maiden 3,000m drill program planned for winter 2024-2025 - Negative factor: Exploration stage company with no current reserves - Negative factor: Geological complexity due to till cover and glacial history Facts used in scoring: 8 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project's value premise is based on its proximity to the B26 deposit and the historic Selbaie mine. Evidence · text > Notable nearby projects include: ~16 km from B26 deposit... ~15 km from historic Selbaie mine ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Resource Estimates (8) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a#fact-resource-facts-0) B26 · copper #### Identity - Project: B26 - Commodity: copper - Region: canada\_qc - Reported Region: Quebec - Ticker: USHA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6e8f9a133c04bf73780d #### Resource Data - Category: indicated - Tonnes: 6970000 - Grade: 1.32 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-11-20T00:00:00.000Z Reasoning: Indicated resource component of a nearby deposit. Evidence · text > indicated resource of 6.97 Mt at 1.32 % Cu #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a#fact-resource-facts-1) B26 · zinc #### Identity - Project: B26 - Commodity: zinc - Region: canada\_qc - Reported Region: Quebec - Ticker: USHA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6e8f9a133c04bf73780d #### Resource Data - Category: indicated - Tonnes: 6970000 - Grade: 1.89 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-11-20T00:00:00.000Z Reasoning: Indicated resource component of a nearby deposit. Evidence · text > 1.89% Zn #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a#fact-resource-facts-2) B26 · gold #### Identity - Project: B26 - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: USHA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6e8f9a133c04bf73780d #### Resource Data - Category: indicated - Tonnes: 6970000 - Grade: 0.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-11-20T00:00:00.000Z Reasoning: Indicated resource component of a nearby deposit. Evidence · text > 0.60 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a#fact-resource-facts-3) B26 · silver #### Identity - Project: B26 - Commodity: silver - Region: canada\_qc - Reported Region: Quebec - Ticker: USHA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6e8f9a133c04bf73780d #### Resource Data - Category: indicated - Tonnes: 6970000 - Grade: 43 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-11-20T00:00:00.000Z Reasoning: Indicated resource component of a nearby deposit. Evidence · text > 43 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a#fact-resource-facts-4) B26 · copper #### Identity - Project: B26 - Commodity: copper - Region: canada\_qc - Reported Region: Quebec - Ticker: USHA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:10ba5af2a41cd4aa8360 #### Resource Data - Category: inferred - Tonnes: 4410000 - Grade: 2.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-11-20T00:00:00.000Z Reasoning: Inferred resource component of a nearby deposit. Evidence · text > inferred resource of 4.41 Mt at 2.03% Cu #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a#fact-resource-facts-5) B26 · zinc #### Identity - Project: B26 - Commodity: zinc - Region: canada\_qc - Reported Region: Quebec - Ticker: USHA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:10ba5af2a41cd4aa8360 #### Resource Data - Category: inferred - Tonnes: 4410000 - Grade: 0.22 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-11-20T00:00:00.000Z Reasoning: Inferred resource component of a nearby deposit. Evidence · text > 0.22% Zn #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a#fact-resource-facts-6) B26 · gold #### Identity - Project: B26 - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: USHA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:10ba5af2a41cd4aa8360 #### Resource Data - Category: inferred - Tonnes: 4410000 - Grade: 1.07 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-11-20T00:00:00.000Z Reasoning: Inferred resource component of a nearby deposit. Evidence · text > 1.07 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/usha-resources-announces-induced-polarization-survey-ahead-of-maiden-drill-progr--db7c6c92-209f-4073-bea4-00a56e80901a#fact-resource-facts-7) B26 · silver #### Identity - Project: B26 - Commodity: silver - Region: canada\_qc - Reported Region: Quebec - Ticker: USHA #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:10ba5af2a41cd4aa8360 #### Resource Data - Category: inferred - Tonnes: 4410000 - Grade: 9 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-11-20T00:00:00.000Z Reasoning: Inferred resource component of a nearby deposit. Evidence · text > 9 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## 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.