# ACQUISITION OF SIERRA BLANCA PROJECT

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a

Original source: https://announcements.asx.com.au/asxpdf/20240520/pdf/063r2fm0q8ffbw.pdf

Publisher: research

Original announcement: Unknown date

Analysis by Minestarters Atlas

Atlas analysis published: 2026-11-06T10:54:55.967Z

Atlas analysis updated: 2026-11-06T10:54:55.967Z

- Company: Unavailable

- Ticker: USL

- Exchange: ASX

- Region: Santa Cruz province, Argentina

- Primary commodity: Silver

- Secondary commodities: Gold, Lead, Zinc

- Document categories: Agreement transaction, Resource update, Drill results

- Extracted: 2026-11-06 10:54:55 UTC

Narrative sentiment: 0.35 · Bullish

## Minestarters Atlas summary

Unico Silver announced a binding agreement to acquire 100% of the Sierra Blanca silver-gold project in Santa Cruz, Argentina. The release emphasizes regional consolidation around Cerro Leon and cites a 92Moz silver equivalent resource, but the drill intercepts quoted are historical results from prior work. The transaction remains subject to shareholder approval and other conditions precedent.

Reasoning: The document is primarily a corporate acquisition announcement, with material resource and historical exploration context supporting the transaction thesis. It contains no new assay results, but it does include a resource summary and specific historical drill intercepts that are relevant to valuation.

- Positive factor: announced binding share purchase agreement to acquire 100% of Sierra Blanca

- Positive factor: expands Cerro Leon portfolio and consolidates the Pinguino vein field

- Positive factor: resource summary states 92Moz silver equivalent at 172gpt AgEq

- Positive factor: historical drill intersections include multiple wide silver-gold intervals

- Negative factor: transaction is subject to shareholder approval and royalty deed assignment

- Negative factor: several drill results are historical and restated from prior releases

- Negative factor: no new drilling or assays are reported in this document

Facts used in scoring: 67

## Classification and evidence

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource summary states: "The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\) 2012 Edition."

Evidence · text

> conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\) 2012 Edition

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Todd Williams is named as a Competent Person responsible for the exploration results and resource context.

Evidence · text

> Todd Williams, a Competent Person

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The project is positioned as adjacent to and west of USL's Pinguino project and as a western continuation of the Pinguino vein field.

Evidence · text

> adjacent and west of USL's Pinguino mineral properties

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The drill intervals are explicitly described as historical drill results and are cited from prior press releases rather than new assays in this announcement.

Evidence · text

> Historical drill results

**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 states a QA/QC program, ALS laboratory usage, and duplicates, standards and blanks.

Evidence · text

> All technical information for the Company's Argentina projects is obtained and reported under a quality assurance and quality control \(QA/QC\) program.

**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: The historical drill table reports downhole intervals and does not state true widths for the intercepts quoted in the text.

Evidence · text

> Reported downhole assay results are cited

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The release describes the acquisition as including the western continuation of the Pinguino vein field and says it provides immediate options for incremental growth.

Evidence · text

> western continuation of the Pinguino vein field

## Extracted facts

Stored fact records: 67. Some facts used in scoring do not have a stored record.

## Drill Results (50)

### SBR20

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-5)

Sierra Blanca · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: SBR20
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 0.4
- Grade Unit: g/t
- Intercept: 2 m
- From: 55 m
- To: 57 m
- Intercept Depth: 55 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SBR20:55-57
- Mining Method: underground

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Metal Eq. Grade: 161
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2008-11-25T00:00:00.000Z

Reasoning: This is a short historical gold intercept with limited standalone materiality.

- Positive factor: historical assay is explicitly disclosed

- Negative factor: short narrow interval

- Negative factor: historical restatement

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR20

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-6)

Sierra Blanca · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: SBR20
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 130
- Grade Unit: g/t
- Intercept: 2 m
- From: 55 m
- To: 57 m
- Intercept Depth: 55 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: SBR20:55-57
- Mining Method: underground

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Metal Eq. Grade: 161
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2008-11-25T00:00:00.000Z

Reasoning: This silver intercept is explicitly reported but remains historical.

- Positive factor: historical silver assay is explicitly disclosed

- Negative factor: historical restatement

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR19

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-19)

Sierra Blanca · gold

#### Identity

- Hole ID: SBR19
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 0.2
- Grade Unit: g/t
- Intercept: 12 m
- From: 25 m
- To: 37 m
- Intercept Depth: 25 m

#### Classification

- Sample Type: drill
- Group ID: SBR19:25-37
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 78
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.2 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 2.4 g/t·m is below.

- Negative factor: 0.2 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR19 Chala 25 37 12 0.2 63 78 946

Context: Historical drill results · SBR19 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR19

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-20)

Sierra Blanca · silver

#### Identity

- Hole ID: SBR19
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 63
- Grade Unit: g/t
- Intercept: 12 m
- From: 25 m
- To: 37 m
- Intercept Depth: 25 m

#### Classification

- Sample Type: drill
- Group ID: SBR19:25-37
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 78
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 63 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 756.0 g/t·m is weak.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR19 Chala 25 37 12 0.2 63 78 946

Context: Historical drill results · SBR19 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-21)

Sierra Blanca · gold

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 0.2
- Grade Unit: g/t
- From: 1 m
- Intercept Depth: 1 m

#### Classification

- Sample Type: drill
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 517
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.2 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t.

- Negative factor: 0.2 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 1 0.2 502 517 518

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-22)

Sierra Blanca · silver

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 502
- Grade Unit: g/t
- From: 1 m
- Intercept Depth: 1 m

#### Classification

- Sample Type: drill
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 517
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 502 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t.

- Positive factor: 502 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 1 0.2 502 517 518

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR38

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-23)

Sierra Blanca · gold

#### Identity

- Hole ID: SBR38
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 4.3
- Grade Unit: g/t
- Intercept: 3 m
- From: 33 m
- To: 36 m
- Intercept Depth: 33 m

#### Classification

- Sample Type: drill
- Group ID: SBR38:33-36
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 576
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 4.3 g/t gold is strong against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 12.9 g/t·m is weak \(grade alone is strong; the better of the two is used\).

- Positive factor: 4.3 g/t gold is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR38 33 36 3 4.3 236 576 1,729

Context: Historical drill results · SBR38 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR38

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-24)

Sierra Blanca · silver

#### Identity

- Hole ID: SBR38
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 236
- Grade Unit: g/t
- Intercept: 3 m
- From: 33 m
- To: 36 m
- Intercept Depth: 33 m

#### Classification

- Sample Type: drill
- Group ID: SBR38:33-36
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 576
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 236 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 708.0 g/t·m is weak \(grade alone is strong; the better of the two is used\).

- Positive factor: 236 g/t silver is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR38 33 36 3 4.3 236 576 1,729

Context: Historical drill results · SBR38 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR40

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-25)

Sierra Blanca · gold

#### Identity

- Hole ID: SBR40
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 2.5
- Grade Unit: g/t
- Intercept: 4 m
- From: 33 m
- To: 37 m
- Intercept Depth: 33 m

#### Classification

- Sample Type: drill
- Group ID: SBR40:33-37
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 318
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 2.5 g/t gold is strong against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 10.0 g/t·m is weak \(grade alone is strong; the better of the two is used\).

- Positive factor: 2.5 g/t gold is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR40 33 37 4 2.5 120 318 1,272

Context: Historical drill results · SBR40 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR40

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-26)

Sierra Blanca · silver

#### Identity

- Hole ID: SBR40
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 120
- Grade Unit: g/t
- Intercept: 4 m
- From: 33 m
- To: 37 m
- Intercept Depth: 33 m

#### Classification

- Sample Type: drill
- Group ID: SBR40:33-37
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 318
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 120 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 480.0 g/t·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR40 33 37 4 2.5 120 318 1,272

Context: Historical drill results · SBR40 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR50

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-27)

Sierra Blanca · gold

#### Identity

- Hole ID: SBR50
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 0.9
- Grade Unit: g/t
- Intercept: 5 m
- From: 70 m
- To: 75 m
- Intercept Depth: 70 m

#### Classification

- Sample Type: drill
- Group ID: SBR50:70-75
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 244
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.9 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 4.5 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR50 70 75 5 0.9 173 244 1,221

Context: Historical drill results · SBR50 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR50

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-28)

Sierra Blanca · silver

#### Identity

- Hole ID: SBR50
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 173
- Grade Unit: g/t
- Intercept: 5 m
- From: 70 m
- To: 75 m
- Intercept Depth: 70 m

#### Classification

- Sample Type: drill
- Group ID: SBR50:70-75
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 244
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 173 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 865.0 g/t·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR50 70 75 5 0.9 173 244 1,221

Context: Historical drill results · SBR50 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-29)

Sierra Blanca · gold

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 727
- Grade Unit: g/t
- Intercept: 3.7 m
- From: -2.95 m
- To: 0.75 m

#### Classification

- Sample Type: drill
- Group ID: Inc.:-2.95-0.75
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 765
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 727 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 2689.9 g/t·m is exceptional.

- Positive factor: 727 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 0.75 3.7 727 1,020 765

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-30)

Sierra Blanca · silver

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1020
- Grade Unit: g/t
- Intercept: 3.7 m
- From: -2.95 m
- To: 0.75 m

#### Classification

- Sample Type: drill
- Group ID: Inc.:-2.95-0.75
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 765
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1020 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 3774.0 g/t·m is strong \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 1020 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 0.75 3.7 727 1,020 765

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR27

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-31)

Sierra Blanca · gold

#### Identity

- Hole ID: SBR27
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 0.7
- Grade Unit: g/t
- Intercept: 21 m
- From: 33 m
- To: 54 m
- Intercept Depth: 33 m

#### Classification

- Sample Type: drill
- Group ID: SBR27:33-54
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 244
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.7 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 14.7 g/t·m is weak.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR27 33 54 21 0.7 189 244 5,133

Context: Historical drill results · SBR27 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBR27

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-32)

Sierra Blanca · silver

#### Identity

- Hole ID: SBR27
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 189
- Grade Unit: g/t
- Intercept: 21 m
- From: 33 m
- To: 54 m
- Intercept Depth: 33 m

#### Classification

- Sample Type: drill
- Group ID: SBR27:33-54
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 244
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 189 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 3969.0 g/t·m is strong \(grade alone is moderate; the better of the two is used\).

- Positive factor: 189 g/t silver is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBR27 33 54 21 0.7 189 244 5,133

Context: Historical drill results · SBR27 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-33)

Sierra Blanca · gold

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1435
- Grade Unit: g/t
- Intercept: 2.7 m
- From: -0.7 m
- To: 2 m

#### Classification

- Sample Type: drill
- Group ID: Inc.:-0.7-2
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 3298
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1435 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 3874.5 g/t·m is exceptional.

- Positive factor: 1435 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 2 2.7 1,435 1,648 3,298

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-34)

Sierra Blanca · silver

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1648
- Grade Unit: g/t
- Intercept: 2.7 m
- From: -0.7 m
- To: 2 m

#### Classification

- Sample Type: drill
- Group ID: Inc.:-0.7-2
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 3298
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1648 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 4449.6 g/t·m is strong \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 1648 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 2 2.7 1,435 1,648 3,298

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBD51

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-35)

Sierra Blanca · gold

#### Identity

- Hole ID: SBD51
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 3.4
- Grade Unit: g/t
- Intercept: 11 m
- From: 46 m
- To: 57 m
- Intercept Depth: 46 m

#### Classification

- Sample Type: drill
- Group ID: SBD51:46-57
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 655
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 3.4 g/t gold is strong against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 37.4 g/t·m is moderate \(grade alone is strong; the better of the two is used\).

- Positive factor: 3.4 g/t gold is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBD51 46 57 11 3.4 386 655 7,207

Context: Historical drill results · SBD51 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBD51

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-36)

Sierra Blanca · silver

#### Identity

- Hole ID: SBD51
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 386
- Grade Unit: g/t
- Intercept: 11 m
- From: 46 m
- To: 57 m
- Intercept Depth: 46 m

#### Classification

- Sample Type: drill
- Group ID: SBD51:46-57
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 655
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 386 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 4246.0 g/t·m is strong.

- Positive factor: 386 g/t silver is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBD51 46 57 11 3.4 386 655 7,207

Context: Historical drill results · SBD51 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-37)

Sierra Blanca · gold

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1172
- Grade Unit: g/t
- Intercept: 12.7 m
- From: -9.9 m
- To: 2.8 m

#### Classification

- Sample Type: drill
- Group ID: Inc.:-9.9-2.8
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 6097
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1172 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 14884.4 g/t·m is exceptional.

- Positive factor: 1172 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 2.8 12.7 1,172 2,177 6,097

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-38)

Sierra Blanca · silver

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 2177
- Grade Unit: g/t
- Intercept: 12.7 m
- From: -9.9 m
- To: 2.8 m

#### Classification

- Sample Type: drill
- Group ID: Inc.:-9.9-2.8
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 6097
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 2177 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 27647.9 g/t·m is exceptional.

- Positive factor: 2177 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 2.8 12.7 1,172 2,177 6,097

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBD55

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-39)

Sierra Blanca · gold

#### Identity

- Hole ID: SBD55
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 2.8
- Grade Unit: g/t
- Intercept: 14.3 m
- From: 31 m
- To: 45.3 m
- Intercept Depth: 31 m

#### Classification

- Sample Type: drill
- Group ID: SBD55:31-45.3
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 463
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 2.8 g/t gold is strong against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 40.0 g/t·m is moderate \(grade alone is strong; the better of the two is used\).

- Positive factor: 2.8 g/t gold is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBD55 31 45.3 14.3 2.8 242 463 6,631

Context: Historical drill results · SBD55 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### SBD55

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-40)

Sierra Blanca · silver

#### Identity

- Hole ID: SBD55
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 242
- Grade Unit: g/t
- Intercept: 14.3 m
- From: 31 m
- To: 45.3 m
- Intercept Depth: 31 m

#### Classification

- Sample Type: drill
- Group ID: SBD55:31-45.3
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 463
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 242 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 3460.6 g/t·m is strong.

- Positive factor: 242 g/t silver is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> SBD55 31 45.3 14.3 2.8 242 463 6,631

Context: Historical drill results · SBD55 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-41)

Sierra Blanca · gold

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 775
- Grade Unit: g/t
- Intercept: 15.2 m
- From: -13.7 m
- To: 1.5 m

#### Classification

- Sample Type: drill
- Group ID: Inc.:-13.7-1.5
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2968
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 775 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 11780.0 g/t·m is exceptional.

- Positive factor: 775 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 1.5 15.2 775 1,978 2,968

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-42)

Sierra Blanca · silver

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1978
- Grade Unit: g/t
- Intercept: 15.2 m
- From: -13.7 m
- To: 1.5 m

#### Classification

- Sample Type: drill
- Group ID: Inc.:-13.7-1.5
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2968
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1978 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 30065.6 g/t·m is exceptional.

- Positive factor: 1978 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 1.5 15.2 775 1,978 2,968

Context: Historical drill results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### CHD61

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-43)

Sierra Blanca · gold

#### Identity

- Hole ID: CHD61
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 9.5
- Grade Unit: g/t
- Intercept: 3 m
- From: 87 m
- To: 90 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: CHD61:87-90
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 780
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 9.5 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 28.5 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 9.5 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> CHD61 87 90 3 9.5 28 780 2,341

Context: Historical drill results · CHD61 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### CHD61

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-44)

Sierra Blanca · silver

#### Identity

- Hole ID: CHD61
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 28
- Grade Unit: g/t
- Intercept: 3 m
- From: 87 m
- To: 90 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: CHD61:87-90
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 780
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 28 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 84.0 g/t·m is below.

- Negative factor: 28 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> CHD61 87 90 3 9.5 28 780 2,341

Context: Historical drill results · CHD61 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### CHD71

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-45)

Sierra Blanca · gold

#### Identity

- Hole ID: CHD71
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1.5
- Grade Unit: g/t
- Intercept: 20.3 m
- From: 121.7 m
- To: 142 m
- Intercept Depth: 121.7 m

#### Classification

- Sample Type: drill
- Group ID: CHD71:121.7-142
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 152
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1.5 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 30.5 g/t·m is moderate.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> CHD71 Archen 121.7 142 20.3 1.5 34 152 3,101

Context: Historical drill results · CHD71 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### CHD71

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-46)

Sierra Blanca · silver

#### Identity

- Hole ID: CHD71
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 34
- Grade Unit: g/t
- Intercept: 20.3 m
- From: 121.7 m
- To: 142 m
- Intercept Depth: 121.7 m

#### Classification

- Sample Type: drill
- Group ID: CHD71:121.7-142
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 152
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 34 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 690.2 g/t·m is weak.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> CHD71 Archen 121.7 142 20.3 1.5 34 152 3,101

Context: Historical drill results · CHD71 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### CHD84

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-47)

Sierra Blanca · gold

#### Identity

- Hole ID: CHD84
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 2.2
- Grade Unit: g/t
- Intercept: 30.1 m
- From: 23 m
- To: 53.1 m
- Intercept Depth: 23 m

#### Classification

- Sample Type: drill
- Group ID: CHD84:23-53.1
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 275
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 2.2 g/t gold is strong against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 66.2 g/t·m is moderate \(grade alone is strong; the better of the two is used\).

- Positive factor: 2.2 g/t gold is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> CHD84 23 53.1 30.1 2.2 101 275 8,283

Context: Historical drill results · CHD84 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### CHD84

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-48)

Sierra Blanca · silver

#### Identity

- Hole ID: CHD84
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 101
- Grade Unit: g/t
- Intercept: 30.1 m
- From: 23 m
- To: 53.1 m
- Intercept Depth: 23 m

#### Classification

- Sample Type: drill
- Group ID: CHD84:23-53.1
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 275
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 101 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 3040.1 g/t·m is strong \(grade alone is moderate; the better of the two is used\).

- Positive factor: 101 g/t silver is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> CHD84 23 53.1 30.1 2.2 101 275 8,283

Context: Historical drill results · CHD84 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### CHD95

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-49)

Sierra Blanca · gold

#### Identity

- Hole ID: CHD95
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 4
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 80.6 m
- To: 81.2 m
- Intercept Depth: 80.6 m

#### Classification

- Sample Type: drill
- Group ID: CHD95:80.6-81.2
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 865
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 4 g/t gold is strong against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 2.4 g/t·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 4 g/t gold is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> CHD95 80.6 81.2 0.6 4 549 865 519

Context: Historical drill results · CHD95 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### CHD95

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-50)

Sierra Blanca · silver

#### Identity

- Hole ID: CHD95
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 549
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 80.6 m
- To: 81.2 m
- Intercept Depth: 80.6 m

#### Classification

- Sample Type: drill
- Group ID: CHD95:80.6-81.2
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 865
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 549 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 329.4 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 549 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> CHD95 80.6 81.2 0.6 4 549 865 519

Context: Historical drill results · CHD95 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### VND102

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-51)

Sierra Blanca · gold

#### Identity

- Hole ID: VND102
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 3.6
- Grade Unit: g/t
- Intercept: 4.5 m
- From: 85.5 m
- To: 90 m
- Intercept Depth: 85.5 m

#### Classification

- Sample Type: drill
- Group ID: VND102:85.5-90
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 444
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 3.6 g/t gold is strong against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 16.2 g/t·m is weak \(grade alone is strong; the better of the two is used\).

- Positive factor: 3.6 g/t gold is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> VND102 Vetarron 85.5 90 4.5 3.6 159 444 1,998

Context: Historical trench results · VND102 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### VND102

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-52)

Sierra Blanca · silver

#### Identity

- Hole ID: VND102
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 159
- Grade Unit: g/t
- Intercept: 4.5 m
- From: 85.5 m
- To: 90 m
- Intercept Depth: 85.5 m

#### Classification

- Sample Type: drill
- Group ID: VND102:85.5-90
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 444
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 159 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 715.5 g/t·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> VND102 Vetarron 85.5 90 4.5 3.6 159 444 1,998

Context: Historical trench results · VND102 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-53)

Sierra Blanca · gold

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 12.1
- Grade Unit: g/t
- From: 0.5 m
- Intercept Depth: 0.5 m

#### Classification

- Sample Type: drill
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1690
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 12.1 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t.

- Positive factor: 12.1 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 0.5 12.1 732 1,690 845

Context: Historical trench results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### Inc.

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-54)

Sierra Blanca · silver

#### Identity

- Hole ID: Inc.
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 732
- Grade Unit: g/t
- From: 0.5 m
- Intercept Depth: 0.5 m

#### Classification

- Sample Type: drill
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1690
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 732 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t.

- Positive factor: 732 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Inc. 0.5 12.1 732 1,690 845

Context: Historical trench results · Inc. · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh025

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-55)

Sierra Blanca · gold

#### Identity

- Hole ID: TCh025
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 0.29
- Grade Unit: g/t
- Intercept: 4.3 m
- From: 10.4 m
- To: 14.7 m
- Intercept Depth: 10.4 m

#### Classification

- Sample Type: drill
- Group ID: TCh025:10.4-14.7
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 287
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.29 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 1.2 g/t·m is below.

- Negative factor: 0.29 g/t gold is below the weak threshold \(0.3 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh025 Achen 10.4 14.7 4.3 0.29 264 287 1,234

Context: Historical trench results · TCh025 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh025

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-56)

Sierra Blanca · silver

#### Identity

- Hole ID: TCh025
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 264
- Grade Unit: g/t
- Intercept: 4.3 m
- From: 10.4 m
- To: 14.7 m
- Intercept Depth: 10.4 m

#### Classification

- Sample Type: drill
- Group ID: TCh025:10.4-14.7
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 287
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 264 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 1135.2 g/t·m is moderate \(grade alone is strong; the better of the two is used\).

- Positive factor: 264 g/t silver is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh025 Achen 10.4 14.7 4.3 0.29 264 287 1,234

Context: Historical trench results · TCh025 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh024

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-57)

Sierra Blanca · gold

#### Identity

- Hole ID: TCh024
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1.56
- Grade Unit: g/t
- Intercept: 7.9 m
- From: 13.2 m
- To: 21.1 m
- Intercept Depth: 13.2 m

#### Classification

- Sample Type: drill
- Group ID: TCh024:13.2-21.1
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 503
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1.56 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 12.3 g/t·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh024 13.2 21.1 7.9 1.56 380 503 3,978

Context: Historical trench results · TCh024 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh024

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-58)

Sierra Blanca · silver

#### Identity

- Hole ID: TCh024
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 380
- Grade Unit: g/t
- Intercept: 7.9 m
- From: 13.2 m
- To: 21.1 m
- Intercept Depth: 13.2 m

#### Classification

- Sample Type: drill
- Group ID: TCh024:13.2-21.1
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 503
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 380 g/t silver is strong against the default band \[500, 200, 100, 30\] g/t. Grade×width 3002.0 g/t·m is strong.

- Positive factor: 380 g/t silver is strong on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh024 13.2 21.1 7.9 1.56 380 503 3,978

Context: Historical trench results · TCh024 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh003

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-59)

Sierra Blanca · gold

#### Identity

- Hole ID: TCh003
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 10.05
- Grade Unit: g/t
- Intercept: 3.4 m
- From: 0 m
- To: 3.4 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: TCh003:0-3.4
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2033
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 10.05 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 34.2 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 10.05 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh003 Chala 0 3.4 3.4 10.05 1,238 2,033 6,915

Context: Historical trench results · TCh003 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh003

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-60)

Sierra Blanca · silver

#### Identity

- Hole ID: TCh003
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1238
- Grade Unit: g/t
- Intercept: 3.4 m
- From: 0 m
- To: 3.4 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: TCh003:0-3.4
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2033
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1238 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 4209.2 g/t·m is strong \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 1238 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh003 Chala 0 3.4 3.4 10.05 1,238 2,033 6,915

Context: Historical trench results · TCh003 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh005

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-61)

Sierra Blanca · gold

#### Identity

- Hole ID: TCh005
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 6.68
- Grade Unit: g/t
- Intercept: 4.55 m
- From: 0 m
- To: 4.55 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: TCh005:0-4.55
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 632
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 6.68 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 30.4 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 6.68 g/t gold is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh005 0 4.55 4.55 6.68 104 632 2,880

Context: Historical trench results · TCh005 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh005

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-62)

Sierra Blanca · silver

#### Identity

- Hole ID: TCh005
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 104
- Grade Unit: g/t
- Intercept: 4.55 m
- From: 0 m
- To: 4.55 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: TCh005:0-4.55
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 632
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 104 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 473.2 g/t·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh005 0 4.55 4.55 6.68 104 632 2,880

Context: Historical trench results · TCh005 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh012

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-63)

Sierra Blanca · gold

#### Identity

- Hole ID: TCh012
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 0.99
- Grade Unit: g/t
- Intercept: 9.45 m
- From: 0 m
- To: 9.45 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: TCh012:0-9.45
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1296
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.99 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 9.4 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh012 Chala Splay 0 9.45 9.45 0.99 1,218 1,296 12,251

Context: Historical trench results · TCh012 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh012

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-64)

Sierra Blanca · silver

#### Identity

- Hole ID: TCh012
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1218
- Grade Unit: g/t
- Intercept: 9.45 m
- From: 0 m
- To: 9.45 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: TCh012:0-9.45
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 1296
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1218 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 11510.1 g/t·m is exceptional.

- Positive factor: 1218 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh012 Chala Splay 0 9.45 9.45 0.99 1,218 1,296 12,251

Context: Historical trench results · TCh012 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh001

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-65)

Sierra Blanca · gold

#### Identity

- Hole ID: TCh001
- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 1.29
- Grade Unit: g/t
- Intercept: 9.4 m
- From: 0 m
- To: 9.4 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: TCh001:0-9.4
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2464
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1.29 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 12.1 g/t·m is weak \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh001 0 9.4 9.4 1.29 2,362 2,464 23,163

Context: Historical trench results · TCh001 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

### TCh001

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-drill-facts-66)

Sierra Blanca · silver

#### Identity

- Hole ID: TCh001
- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: CMIL

#### Geometry

- Grade: 2362
- Grade Unit: g/t
- Intercept: 9.4 m
- From: 0 m
- To: 9.4 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: TCh001:0-9.4
- Mining Method: combined

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 2464
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 2362 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 22202.8 g/t·m is exceptional.

- Positive factor: 2362 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> TCh001 0 9.4 9.4 1.29 2,362 2,464 23,163

Context: Historical trench results · TCh001 · Columns: Hole \| Prospect \| From \| To \| Interval \| Au \(gpt\) \| Ag \(gpt\) \| AgEq \(gpt\) \| GT\*

#### Tags used in scoring

**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: qaqc\_disclosed is 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Sierra Blanca is an advanced project that expands the Company's exploration footprint and includes the Veta Chala and Ar"

## Resource Estimates (17)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-0)

Sierra Blanca · silver

#### Identity

- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:0af7db4d7293ad5f0864
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: indicated
- Tonnes: 6820000
- Grade: 86
- Grade Unit: g/t
- Contained Metal: 18.8
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This row provides the contained silver component of the indicated resource and is material to the project scale.

- Positive factor: silver grade and contained ounces are explicitly disclosed

- Positive factor: JORC compliant resource table

- Negative factor: this is part of a broader resource summary rather than a new estimate

- Negative factor: cut-off grade not stated

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-1)

Sierra Blanca · silver

#### Identity

- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:afe6322247cf076aed21
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: inferred
- Tonnes: 9650000
- Grade: 71
- Grade Unit: g/t
- Contained Metal: 22.1
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred silver component is explicit and contributes to the overall project scale.

- Positive factor: silver grade and contained ounces are disclosed for inferred material

- Negative factor: inferred category limits confidence

- Negative factor: cut-off grade not stated

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-2)

Sierra Blanca · gold

#### Identity

- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:0af7db4d7293ad5f0864
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: indicated
- Tonnes: 6820000
- Grade: 0.49
- Grade Unit: g/t
- Contained Metal: 107
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The gold component is secondary to the silver-equivalent headline but still material and explicitly stated.

- Positive factor: gold grade and contained ounces are disclosed in the resource table

- Negative factor: resource is summarized within an acquisition announcement

- Negative factor: cut-off grade not stated

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-3)

Sierra Blanca · lead

#### Identity

- Project: Sierra Blanca
- Commodity: lead
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:0af7db4d7293ad5f0864
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: indicated
- Tonnes: 6820000
- Grade: 0.28
- Grade Unit: %
- Contained Metal: 41.9
- Contained Unit: mlb

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Lead is a byproduct constituent in the polymetallic resource and is relevant to equivalent-grade valuation.

- Positive factor: lead grade and contained metal are explicitly disclosed

- Negative factor: lead is a byproduct component within the resource summary

- Negative factor: cut-off grade not stated

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-4)

Sierra Blanca · zinc

#### Identity

- Project: Sierra Blanca
- Commodity: zinc
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:0af7db4d7293ad5f0864
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: indicated
- Tonnes: 6820000
- Grade: 0.93
- Grade Unit: %
- Contained Metal: 140
- Contained Unit: mlb

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The zinc component is material because it feeds the AgEq calculation and is explicitly reported.

- Positive factor: zinc grade and contained metal are disclosed in the resource table

- Negative factor: zinc is a byproduct component within the resource summary

- Negative factor: cut-off grade not stated

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-7)

Sierra Blanca · silver

#### Identity

- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:501d2a375effd86b2c9a
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: indicated
- Tonnes: 6.82
- Grade: 86
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is a material existing resource summary supporting the acquisition thesis, but it is not a fresh resource update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category reported under JORC

- Positive factor: resource summary states 37.8 Moz Ag and 172 g/t AgEq

- Positive factor: Competent Person statement included

- Negative factor: resource figures are summarized in the acquisition announcement rather than a new estimate

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 86

Context: 6.82

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-8)

Sierra Blanca · gold

#### Identity

- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:501d2a375effd86b2c9a
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: indicated
- Tonnes: 6.82
- Grade: 0.49
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is a material existing resource summary supporting the acquisition thesis, but it is not a fresh resource update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category reported under JORC

- Positive factor: resource summary states 37.8 Moz Ag and 172 g/t AgEq

- Positive factor: Competent Person statement included

- Negative factor: resource figures are summarized in the acquisition announcement rather than a new estimate

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.49

Context: 6.82

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-9)

Sierra Blanca · lead

#### Identity

- Project: Sierra Blanca
- Commodity: lead
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:501d2a375effd86b2c9a
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: indicated
- Tonnes: 6.82
- Grade: 0.28
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is a material existing resource summary supporting the acquisition thesis, but it is not a fresh resource update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category reported under JORC

- Positive factor: resource summary states 37.8 Moz Ag and 172 g/t AgEq

- Positive factor: Competent Person statement included

- Negative factor: resource figures are summarized in the acquisition announcement rather than a new estimate

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.28

Context: 6.82

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-10)

Sierra Blanca · zinc

#### Identity

- Project: Sierra Blanca
- Commodity: zinc
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:501d2a375effd86b2c9a
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: indicated
- Tonnes: 6.82
- Grade: 0.93
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: This is a material existing resource summary supporting the acquisition thesis, but it is not a fresh resource update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category reported under JORC

- Positive factor: resource summary states 37.8 Moz Ag and 172 g/t AgEq

- Positive factor: Competent Person statement included

- Negative factor: resource figures are summarized in the acquisition announcement rather than a new estimate

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.93

Context: 6.82

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-11)

Sierra Blanca · silver

#### Identity

- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:10514bd7e1637c57ed76
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: inferred
- Tonnes: 9.65
- Grade: 71
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred component is significant in tonnage and metal but remains lower confidence than the indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is quantified alongside the indicated resource

- Positive factor: resource summary helps frame project scale

- Positive factor: JORC compliance and competent person statement disclosed

- Negative factor: inferred material is lower confidence than indicated

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 71

Context: 9.65

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-12)

Sierra Blanca · gold

#### Identity

- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:10514bd7e1637c57ed76
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: inferred
- Tonnes: 9.65
- Grade: 0.77
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred component is significant in tonnage and metal but remains lower confidence than the indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is quantified alongside the indicated resource

- Positive factor: resource summary helps frame project scale

- Positive factor: JORC compliance and competent person statement disclosed

- Negative factor: inferred material is lower confidence than indicated

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.77

Context: 9.65

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-13)

Sierra Blanca · lead

#### Identity

- Project: Sierra Blanca
- Commodity: lead
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:10514bd7e1637c57ed76
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: inferred
- Tonnes: 9.65
- Grade: 0.77
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred component is significant in tonnage and metal but remains lower confidence than the indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is quantified alongside the indicated resource

- Positive factor: resource summary helps frame project scale

- Positive factor: JORC compliance and competent person statement disclosed

- Negative factor: inferred material is lower confidence than indicated

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.77

Context: 9.65

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-14)

Sierra Blanca · zinc

#### Identity

- Project: Sierra Blanca
- Commodity: zinc
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:10514bd7e1637c57ed76
- Deposit or zone: Cerro Leon summary of mineral resources

#### Resource Data

- Category: inferred
- Tonnes: 9.65
- Grade: 0.77
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred component is significant in tonnage and metal but remains lower confidence than the indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is quantified alongside the indicated resource

- Positive factor: resource summary helps frame project scale

- Positive factor: JORC compliance and competent person statement disclosed

- Negative factor: inferred material is lower confidence than indicated

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.77

Context: 9.65

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-15)

Sierra Blanca · silver

#### Identity

- Project: Sierra Blanca
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:307c14776e17da70bba8

#### Resource Data

- Category: inferred
- Tonnes: 16.47
- Grade: 77
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred component is significant in tonnage and metal but remains lower confidence than the indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is quantified alongside the indicated resource

- Positive factor: resource summary helps frame project scale

- Positive factor: JORC compliance and competent person statement disclosed

- Negative factor: inferred material is lower confidence than indicated

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 77

Context: 16.47

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-16)

Sierra Blanca · gold

#### Identity

- Project: Sierra Blanca
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:307c14776e17da70bba8

#### Resource Data

- Category: inferred
- Tonnes: 16.47
- Grade: 0.65
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred component is significant in tonnage and metal but remains lower confidence than the indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is quantified alongside the indicated resource

- Positive factor: resource summary helps frame project scale

- Positive factor: JORC compliance and competent person statement disclosed

- Negative factor: inferred material is lower confidence than indicated

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.65

Context: 16.47

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-17)

Sierra Blanca · lead

#### Identity

- Project: Sierra Blanca
- Commodity: lead
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:307c14776e17da70bba8

#### Resource Data

- Category: inferred
- Tonnes: 16.47
- Grade: 0.57
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred component is significant in tonnage and metal but remains lower confidence than the indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is quantified alongside the indicated resource

- Positive factor: resource summary helps frame project scale

- Positive factor: JORC compliance and competent person statement disclosed

- Negative factor: inferred material is lower confidence than indicated

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.57

Context: 16.47

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/acquisition-of-sierra-blanca-project--48b9153e-8224-4d28-b9ed-e20a84d6ae3a#fact-resource-facts-18)

Sierra Blanca · zinc

#### Identity

- Project: Sierra Blanca
- Commodity: zinc
- Region: argentina
- Reported Region: Santa Cruz province, Argentina
- Ticker: USL

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-20T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Todd Williams
- Resource group id: resource:307c14776e17da70bba8

#### Resource Data

- Category: inferred
- Tonnes: 16.47
- Grade: 0.84
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2024-05-20

#### Metal Equivalent

- Metal Eq. Grade: 172
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ALS

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: The inferred component is significant in tonnage and metal but remains lower confidence than the indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is quantified alongside the indicated resource

- Positive factor: resource summary helps frame project scale

- Positive factor: JORC compliance and competent person statement disclosed

- Negative factor: inferred material is lower confidence than indicated

- Negative factor: no cut-off grade is stated in the excerpt

Evidence · table

> 0.84

Context: 16.47

#### 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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

## 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.