# Volcanic Gold provides further update on drilling at Motagua Norte property, Guatemala Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/volcanic-gold-provides-further-update-on-drilling-at-motagua-norte-property-guat--7307cc9c-b62d-4a10-a75b-9616b1779ba2 Original source: https://money.tmx.com/en/quote/VG/news/8267455619321431/volcanic-gold-provides-further-update-on-drilling-at-motagua-norte-property-guat Publisher: tmx Original announcement: 2024-04-03T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Volcanic Gold Mines Inc. - Ticker: VG - Exchange: TSX - Region: Guatemala - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Other - Extracted: 2026-09-19 04:55:19 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Volcanic Gold has intersected wide zones of quartz veining and stockwork at the Motagua Norte project in Guatemala using holes MIDD-24-004 and MIDD-24-005. While the structural target has been confirmed, assay results are pending and true widths remain unknown. The company noted technical difficulties drilling through thick colluvium, leading to the abandonment of two shallower holes. Reasoning: The update confirms the structural target \(Veta Madre Fault Zone\) has been intersected with wide mineralization, though assay results are pending and drilling technical difficulties were noted. - Positive factor: Intersection of wide quartz veining and stockwork zones - Positive factor: Targeting a major structural corridor \(Veta Madre Fault Zone\) - Positive factor: Presence of bonanza-grade gold in surface colluvium - Negative factor: True width of mineralized zones currently unknown - Negative factor: Technical challenges with drilling through thick colluvium \(lost holes MIDD-006 and 007\) Facts used in scoring: 2 ## Classification and evidence **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: True width of the mineralized zones in MIDD-24-004 and MIDD-24-005 is stated as unknown due to unknown fault dip. Evidence · text > true width of the mineralized zone is yet to be confirmed as the dip of the fault, while thought to be steep, is as yet unknown. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions samples have been sent to ALS Laboratory for analysis. Evidence · text > Half-core samples from both drill holes have been sent for analysis at ALS Laboratory, Vancouver **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project targets a major structural corridor \(Veta Madre Fault Zone\) associated with known bonanza-grade gold boulders. Evidence · text > all of the colluvial boulders of quartz and schists bearing the high-grade gold values have likely moved downslope from a major structural corridor that we have named the Veta Madre Fault Zone. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### MIDD-24-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/volcanic-gold-provides-further-update-on-drilling-at-motagua-norte-property-guat--7307cc9c-b62d-4a10-a75b-9616b1779ba2#fact-drill-facts-0) Motagua Norte · gold #### Identity - Hole ID: MIDD-24-004 - Project: Motagua Norte - Commodity: gold - Region: guatemala - Reported Region: guatemala - Ticker: VG #### Geometry - Intercept: 63 m - From: 120 m - To: 183 m - Intercept Depth: 120 m #### Classification - Program: exploration - Sample Type: drill - Group ID: MIDD-24-004:120-183 - Mining Method: underground #### Location - Location: Veta Madre - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratory - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-03T00:00:00.000Z Reasoning: Structural intersection confirmed but grades are pending. - Positive factor: Wide zone of veining and stockwork intersected - Negative factor: True width unknown Evidence · text > The hole remained in veining and stockwork schists for 63 m before entering unaltered schistose rocks at 161 m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MIDD-24-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/volcanic-gold-provides-further-update-on-drilling-at-motagua-norte-property-guat--7307cc9c-b62d-4a10-a75b-9616b1779ba2#fact-drill-facts-1) Motagua Norte · gold #### Identity - Hole ID: MIDD-24-005 - Project: Motagua Norte - Commodity: gold - Region: guatemala - Reported Region: guatemala - Ticker: VG #### Geometry - Intercept: 39 m - From: 80 m - To: 119 m - Intercept Depth: 80 m #### Classification - Program: exploration - Sample Type: drill - Group ID: MIDD-24-005:80-119 - Mining Method: underground #### Location - Location: Veta Madre - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratory - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-03T00:00:00.000Z Reasoning: Structural intersection confirmed but grades are pending. - Positive factor: Wide zone of altered rock with strong stockwork quartz veining - Negative factor: True width unknown Evidence · text > A wide zone, some 39 m of altered rock with strong stockwork quartz veining, was intersected before passing into unaltered schistose rock at 112 m drill depth. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## 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.