# Volcanic Gold provides update on drilling at Motagua Norte property, Guatemala

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/volcanic-gold-provides-update-on-drilling-at-motagua-norte-property-guatemala--dfc219f2-a66e-404c-ab11-9d547af58825

Original source: https://money.tmx.com/en/quote/VG/news/7857133249657856/volcanic-gold-provides-update-on-drilling-at-motagua-norte-property-guatemala

Publisher: tmx

Original announcement: 2024-04-25T11:00:00.000Z

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

- Extracted: 2026-09-19 04:56:11 UTC

Narrative sentiment: -0.40 · Bearish

## Minestarters Atlas summary

Volcanic Gold reported initial results from two diamond drill holes \(MIDD-24-04 and MIDD-24-05\) at the Motagua Norte project in Guatemala. The holes failed to return anomalous gold, suggesting the high-grade surface boulders may not originate from the Veta Madre fault structure.

Reasoning: The drilling update is primarily negative as the first two holes drilled to test the Veta Madre fault returned no anomalous gold, suggesting the previously discovered high-grade surface material may not be structurally linked to that specific fault.

- Positive factor: Identification of new quartz structure \(Veta Padre\)

- Positive factor: Visible gold observed in outcrop

- Negative factor: Initial drill results \(MIDD-24-04 & 05\) failed to return anomalous gold samples

- Negative factor: Drilling suggests high-grade colluvium did not originate from the Veta Madre structure

Facts used in scoring: 1

## Classification and evidence

**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: The release does not disclose specific QA/QC protocols, lab accreditation, or assay methods for the new holes.

Evidence · text

> Initial results have been received for the first two diamond drill holes \(MIDD-24-04 & 05\) drilled to the south that cut the broad Veta Madre Fault.

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### MIDD-24-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/volcanic-gold-provides-update-on-drilling-at-motagua-norte-property-guatemala--dfc219f2-a66e-404c-ab11-9d547af58825#fact-drill-facts-0)

Motagua Norte

#### Identity

- Hole ID: MIDD-24-04
- Project: Motagua Norte
- Region: guatemala
- Reported Region: guatemala
- Ticker: VG

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-04-25T00:00:00.000Z

Reasoning: Hole returned no anomalous gold, failing to confirm the structural source of surface mineralization.

- Negative factor: No anomalous samples returned

Evidence · text

> no anomalous samples were returned from these two holes

#### 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.