# Algo Grande Provides Phase II Drill Update; Commences Hole 3 with Second Drill Rig at Cerro Grande Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri--e1d317c7-83a1-4f2d-ad5b-7947081e26af Original source: https://money.tmx.com/en/quote/ALGR/news/4787084101303523/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri Publisher: tmx Original announcement: 2026-07-31T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Algo Grande Copper Corp. - Ticker: ALGR - Exchange: TSX - Region: Sonora, Mexico - Primary commodity: Copper - Secondary commodities: Silver, Gold - Document categories: Drill results, Other - Extracted: 2026-09-13 10:35:44 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Algo Grande has commenced drilling Hole 3 at the Cerro Grande skarn target to test for additional mineralized horizons and expand the known skarn system. The company also provided an update on Hole 2, which is currently at 300 metres depth, with assays pending. Reasoning: The release provides a progress update on ongoing drilling \(Hole 2 and Hole 3\) and restates historical Phase I results to provide context for the current program. - Positive factor: Commencement of Hole 3 to test expansion potential - Positive factor: Mobilization of second drill rig - Positive factor: Phase I results confirmed a stacked five-horizon skarn system - Negative factor: Hole 2 results are still pending - Negative factor: Hole 3 is currently in progress with no assays Facts used in scoring: 3 ## Classification and evidence **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: Release mentions samples submitted to ALS Laboratories and approval by a Qualified Person. Evidence · text > samples submitted to ALS Laboratories for analysis **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: Hole 3 is designed to improve confidence on historical horizons and test extension. Evidence · text > improve confidence on two historical skarn horizons ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### AG\_GC\_002 [Link to this fact](https://atlas-extractions.minestarters.com/news/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri--e1d317c7-83a1-4f2d-ad5b-7947081e26af#fact-drill-facts-0) Adelita · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: AG\_GC\_002 - Project: Adelita - Commodity: copper - Region: mexico - Reported Region: mexico - Ticker: ALGR #### Geometry - Grade: 1 - Grade Unit: % - Intercept: 36 m - From: 339 m - To: 375 m - Intercept Depth: 339 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Group ID: AG\_GC\_002:339-375 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-05T00:00:00.000Z #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Historical intercept restated from February 2026 release. - Positive factor: Significant copper intercept Evidence · text > 36.00 Metres Above 1.0% Copper #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Algo Grande Provides Phase II Drill Update; Commences Hole 3 with Second Drill Rig at Cerro Grande Algo Grande Provides " ### AG\_GC\_002 [Link to this fact](https://atlas-extractions.minestarters.com/news/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri--e1d317c7-83a1-4f2d-ad5b-7947081e26af#fact-drill-facts-1) Adelita · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: AG\_GC\_002 - Project: Adelita - Commodity: copper - Region: mexico - Reported Region: mexico - Ticker: ALGR #### Geometry - Grade: 1.4 - Grade Unit: % - Intercept: 14.79 m - From: 339 m - To: 353.79 m - Intercept Depth: 339 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Group ID: AG\_GC\_002:339-353.79 - Mining Method: unknown #### QA/QC - Laboratory: ALS - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-05T00:00:00.000Z #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Historical high-grade sub-interval restated from February 2026 release. - Positive factor: High-grade sub-interval Evidence · text > 14.79 Metres of 1.4% Copper #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Algo Grande Provides Phase II Drill Update; Commences Hole 3 with Second Drill Rig at Cerro Grande Algo Grande Provides " ### AG\_CG\_PH2\_003 [Link to this fact](https://atlas-extractions.minestarters.com/news/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri--e1d317c7-83a1-4f2d-ad5b-7947081e26af#fact-drill-facts-2) Adelita #### Identity - Hole ID: AG\_CG\_PH2\_003 - Project: Adelita - Region: mexico - Reported Region: mexico - Ticker: ALGR #### Geometry - Hole Depth: 450 m #### Classification - Deposit Type: skarn - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Cerro Grande - Easting: 738994 - Northing: 2961792 - CRS: WGS84, UTM Zone 12N - Elevation: 490 m - Azimuth: 250 ° - Dip: -55 ° - Loc. Source: document #### QA/QC - Laboratory: ALS - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Drilling is currently in progress; no assay results available. - Positive factor: New hole commenced Evidence · text > Hole AG\_CG\_PH2\_003 \("Hole 3"\) has commenced drilling #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: "Algo Grande Provides Phase II Drill Update; Commences Hole 3 with Second Drill Rig at Cerro Grande Algo Grande Provides " ## 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.