Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project

Original announcement by tmx on

Company
Axo Metals Corp.
Ticker
AXO
Exchange
TSX
Region
Sonora, Mexico
Primary commodity
Gold
Secondary commodities
Silver, Copper
Document categories
Drill results, Resource update, Economic study
Extracted
2026-09-19 11:15:54 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Axo Metals announced initial drill results from its San Antonio project in Sonora, Mexico, highlighted by 23.6 meters at 2.13 g/t gold from surface in hole SOSAP-26-020. The company is also advancing the project with a Preliminary Economic Assessment and a new resource estimate, aiming to upgrade resource confidence and expand mineralization. The results are supported by disclosed QA/QC protocols and QP sign-off, though the vertical drilling orientation means reported widths are apparent only.

Reasoning: Axo Metals announced strong initial drill results from its San Antonio project, including high-grade gold intercepts from surface, which are significant for potential open-pit development. The program also successfully identified mineralization in areas previously considered waste, indicating resource growth potential. The company is advancing the project with a Preliminary Economic Assessment and a new resource estimate, demonstrating a clear path towards de-risking and economic evaluation. While the vertical drilling orientation raises questions about true width, the overall results are positive and supported by disclosed QA/QC protocols.

Positive factors

  • High-grade gold intercepts from surface, particularly SOSAP-26-020 (23.6m at 2.13 g/t Au), indicating potential for a starter pit.
  • Drilling successfully identified mineralization in areas previously modeled as waste, suggesting resource expansion potential.
  • Initiation of a PEA and a new resource estimate signals progress towards economic evaluation and updated resource figures.
  • QA/QC procedures are disclosed, including use of ALS Chemex and insertion of reference materials, enhancing data credibility.
  • The drill program aims to upgrade resource confidence and infill gaps, indicating a strategic approach to resource development.

Negative factors

  • All reported drill holes are vertical (-90 dip), which may not represent true width accurately if mineralization is not horizontal.
  • The historical resource estimates are from 2021, making them somewhat stale, though a new estimate is underway.
  • The PEA is only a preliminary study, which carries a higher degree of uncertainty compared to more advanced studies.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 51

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Hole SOSAP-26-011 returned 13.15 g/t Au over 0.9 meters, which is an exceptionally high grade for gold.

Evidence · table

“13.15”

Context: 0.9

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Hole SOSAP-26-020 reported 2.13 g/t Au over 23.6 meters from surface, which is a strong grade-width product for an open-pit target.

Evidence · table

“2.13”

Context: 23.6

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: All drill holes reported a dip of -90 degrees, indicating vertical drilling, and no true widths were disclosed, suggesting apparent widths may overstate true thickness.

Evidence · table

“-90”

Context: SOSAP-26-001

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release includes a detailed 'Procedure, Quality Assurance / Quality Control and Data Verification' section, mentioning ALS Chemex, certified reference materials, blanks, and duplicates.

Evidence · text

“Procedure, Quality Assurance / Quality Control and Data Verification The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full drill core is sawn with a diamond blade drill core saw with one half of the drill core being bagged and tagged for assay. The remaining half portion is returned to the drill core trays for storage and/or for metallurgical test work. The sealed and tagged drill core sample bags are transported to the ALS Chemex facility in Querétaro and Zacatecas, Mexico. ALS Chemex crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106 μm). Copper and multi-element analysis is completed using total digestion (Code ME-ICP61 Total Digestion ICP). Over limits greater than 10,000 grams per tonne copper are assayed using Cu-OG62. Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified reference materials, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed AXO's QA/QC protocols.”

QP/CP Signedpositive

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: Charles Spath, P. Geo., is named as the Qualified Person for Axo Metals Corp. under NI 43-101 and has reviewed and approved the technical information.

Evidence · text

“Charles Spath, P. Geo., is the Qualified Person for Axo Metals Corp., as defined under National Instrument 43-101, and is non-independent. Mr. Spath has reviewed and approved the scientific and technical information in this press release.”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drill program's goal is to 'upgrade resource confidence, infill gaps within the block model designated as waste, and test the periphery of the deposit'.

Evidence · text

“The goal of the Sapuchi drill program, where the Company plans to complete 25,000 metres, is to upgrade resource confidence, infill gaps within the block model designated as waste, and test the periphery of the deposit.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The SOSAP-026-013 intercept was approximately 100 meters north from the nearest modeled ore domain within the 2021 Resource, indicating an extension.

Evidence · text

“The SOSAP-026-013 intercept was approximately 100 metes north from the nearest modeled ore domain within the 2021 Resource.”

PEA Onlyneutral

Only Class 4 / Initial Assessment economics available. Not bankable.

Why it applies: Axo has engaged P&E Mining Consultants to complete a Preliminary Economic Assessment (PEA) for the San Antonio project, which is a conceptual study.

Evidence · text

“Axo has engaged P&E Mining Consultants to complete a Preliminary Economic Assessment (PEA) for the San Antonio project.”

Stale Estimatenegative

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

Why it applies: The historical resource estimates for Sapuchi and San Antonio are from 2021, making them over two years old.

Evidence · text

“Oxide resources at Sapuchi within the 2021 resource block model stood at 53koz Au grading 0.85 g/t Au in the Indicated category, and 75koz Au grading 0.74 g/t Au in the Inferred category.”

Extracted facts

Stored fact records: 50. Some facts used in scoring do not have a stored record.

Drill Results (42)

SOSAP-26-003San Antonio · goldGrade: 1.16Grade Unit: g/tIntercept: 12.3 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-003
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.16
Grade Unit
g/t
Intercept
12.3 m
From
78.9 m
To
91.2 m
Hole Depth
201 m
Intercept Depth
78.9 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-003:78.9-91.2
Mining Method
unknown

Location

Easting
632026
Northing
3168040
Elevation
646 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a moderate width, contributing to the overall resource definition program. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.16”

Context: 12.3

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-003San Antonio · goldGrade: 1.25Grade Unit: g/tIntercept: 11.3 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-003
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.25
Grade Unit
g/t
Intercept
11.3 m
From
78.9 m
To
90.2 m
Hole Depth
201 m
Intercept Depth
78.9 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-003:78.9-90.2
Mining Method
unknown

Location

Easting
632026
Northing
3168040
Elevation
646 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a slightly higher grade over a similar width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.25”

Context: 11.3

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-003San Antonio · goldGrade: 1.63Grade Unit: g/tIntercept: 7.75 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-003
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.63
Grade Unit
g/t
Intercept
7.75 m
From
82.45 m
To
90.2 m
Hole Depth
201 m
Intercept Depth
78.9 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-003:82.45-90.2
Mining Method
unknown

Location

Easting
632026
Northing
3168040
Elevation
646 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This sub-interval shows the highest grade within the broader intercept, indicating a higher-grade core. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.63”

Context: 7.75

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-003San Antonio · goldGrade: 0.74Grade Unit: g/tIntercept: 12.55 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-003
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.74
Grade Unit
g/t
Intercept
12.55 m
From
155.2 m
To
167.75 m
Hole Depth
201 m
Intercept Depth
78.9 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-003:155.2-167.75
Mining Method
unknown

Location

Easting
632026
Northing
3168040
Elevation
646 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This deeper intercept shows a lower but still present gold grade over a similar width, indicating continuity of mineralization at depth. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.74”

Context: 12.55

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-004San Antonio · goldGrade: 0.39Grade Unit: g/tIntercept: 15.05 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-004
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.39
Grade Unit
g/t
Intercept
15.05 m
From
15.05 m
To
30.1 m
Hole Depth
120 m
Intercept Depth
15.05 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-004:15.05-30.1
Mining Method
unknown

Location

Easting
631795
Northing
3168056
Elevation
619 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a moderate width, indicating low-grade mineralization. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.39”

Context: 15.05

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-004San Antonio · goldGrade: 0.65Grade Unit: g/tIntercept: 5.95 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-004
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.65
Grade Unit
g/t
Intercept
5.95 m
From
15.05 m
To
21 m
Hole Depth
120 m
Intercept Depth
15.05 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-004:15.05-21
Mining Method
unknown

Location

Easting
631795
Northing
3168056
Elevation
619 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a slightly higher grade over a narrower width, indicating a localized higher-grade zone. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.65”

Context: 5.95

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-006San Antonio · goldGrade: 0.54Grade Unit: g/tIntercept: 9 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-006
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.54
Grade Unit
g/t
Intercept
9 m
From
49.9 m
To
58.9 m
Hole Depth
170 m
Intercept Depth
49.9 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-006:49.9-58.9
Mining Method
unknown

Location

Easting
632016
Northing
3168062
Elevation
638 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, indicating low-grade mineralization. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.54”

Context: 9.0

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-007San Antonio · goldGrade: 0.65Grade Unit: g/tIntercept: 18.1 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-007
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.65
Grade Unit
g/t
Intercept
18.1 m
From
70.1 m
To
88.2 m
Hole Depth
135 m
Intercept Depth
70.1 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-007:70.1-88.2
Mining Method
unknown

Location

Easting
631987
Northing
3167881
Elevation
674 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a moderate width, indicating low-grade mineralization. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.65”

Context: 18.1

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-007San Antonio · goldGrade: 0.78Grade Unit: g/tIntercept: 14.29 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-007
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.78
Grade Unit
g/t
Intercept
14.29 m
From
70.91 m
To
85.2 m
Hole Depth
135 m
Intercept Depth
70.1 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-007:70.91-85.2
Mining Method
unknown

Location

Easting
631987
Northing
3167881
Elevation
674 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a slightly higher grade over a moderate width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.78”

Context: 14.29

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-007San Antonio · goldGrade: 0.99Grade Unit: g/tIntercept: 8.99 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-007
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.99
Grade Unit
g/t
Intercept
8.99 m
From
70.91 m
To
79.9 m
Hole Depth
135 m
Intercept Depth
70.1 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-007:70.91-79.9
Mining Method
unknown

Location

Easting
631987
Northing
3167881
Elevation
674 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This sub-interval shows a moderate gold grade over a narrow width, indicating a localized higher-grade zone. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.99”

Context: 8.99

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-007San Antonio · goldGrade: 0.38Grade Unit: g/tIntercept: 8.1 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-007
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.38
Grade Unit
g/t
Intercept
8.1 m
From
124.6 m
To
132.7 m
Hole Depth
135 m
Intercept Depth
70.1 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-007:124.6-132.7
Mining Method
unknown

Location

Easting
631987
Northing
3167881
Elevation
674 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This deeper intercept shows a weak gold grade over a narrow width, indicating continuity of low-grade mineralization at depth. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.38”

Context: 8.1

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-008San Antonio · goldGrade: 1.57Grade Unit: g/tIntercept: 8.05 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-008
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.57
Grade Unit
g/t
Intercept
8.05 m
From
0 m
To
8.05 m
Hole Depth
152 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-008:0-8.05
Mining Method
open_pit

Location

Easting
631807
Northing
3168031
Elevation
628 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade from surface over a moderate width, which is positive for potential open-pit mining. The vertical drilling means the true width is not known.

Positive factors

  • Intercept from surface

Negative factors

  • Apparent width only

Evidence · table

“1.57”

Context: 8.05

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-009San Antonio · goldGrade: 0.5Grade Unit: g/tIntercept: 9.8 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-009
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.5
Grade Unit
g/t
Intercept
9.8 m
From
15.9 m
To
25.7 m
Hole Depth
123 m
Intercept Depth
15.9 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-009:15.9-25.7
Mining Method
unknown

Location

Easting
631765
Northing
3168052
Elevation
630 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a narrow width, indicating low-grade mineralization. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.50”

Context: 9.8

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-010San Antonio · goldGrade: 0.61Grade Unit: g/tIntercept: 47.6 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-010
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.61
Grade Unit
g/t
Intercept
47.6 m
From
51 m
To
99.5 m
Hole Depth
190 m
Intercept Depth
51 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-010:51-99.5
Mining Method
unknown

Location

Easting
631924
Northing
3167901
Elevation
682 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a continuous width, indicating significant mineralization. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.61”

Context: 47.6

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-010San Antonio · goldGrade: 0.94Grade Unit: g/tIntercept: 26.5 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-010
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.94
Grade Unit
g/t
Intercept
26.5 m
From
51.9 m
To
78.4 m
Hole Depth
190 m
Intercept Depth
51 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-010:51.9-78.4
Mining Method
unknown

Location

Easting
631924
Northing
3167901
Elevation
682 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a moderate gold grade over a significant width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.94”

Context: 26.5

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-010San Antonio · goldGrade: 1.31Grade Unit: g/tIntercept: 11.15 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-010
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.31
Grade Unit
g/t
Intercept
11.15 m
From
64.7 m
To
75.85 m
Hole Depth
190 m
Intercept Depth
51 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-010:64.7-75.85
Mining Method
unknown

Location

Easting
631924
Northing
3167901
Elevation
682 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This sub-interval shows a strong gold grade over a moderate width, indicating a higher-grade core within the broader intercept. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.31”

Context: 11.15

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-011San Antonio · goldGrade: 13.15Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-011
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
13.15
Grade Unit
g/t
Intercept
0.9 m
From
146.1 m
To
147 m
Hole Depth
171 m
Intercept Depth
146.1 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-011:146.1-147
Mining Method
underground

Location

Easting
631974
Northing
3168075
Elevation
614 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows an exceptional gold grade, though over a very narrow width. This could indicate a high-grade vein. The vertical drilling means the true width is not known.

Positive factors

  • Bonanza grade

Negative factors

  • Apparent width only
  • Narrow intercept

Evidence · table

“13.15”

Context: 0.9

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-012San Antonio · goldGrade: 0.96Grade Unit: g/tIntercept: 11.95 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-012
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.96
Grade Unit
g/t
Intercept
11.95 m
From
76 m
To
87.95 m
Hole Depth
126 m
Intercept Depth
76 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-012:76-87.95
Mining Method
unknown

Location

Easting
631980
Northing
3167836
Elevation
640 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a moderate width, contributing to the overall resource definition program. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.96”

Context: 11.95

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-012San Antonio · goldGrade: 1.25Grade Unit: g/tIntercept: 7.75 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-012
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.25
Grade Unit
g/t
Intercept
7.75 m
From
77.25 m
To
85 m
Hole Depth
126 m
Intercept Depth
76 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-012:77.25-85
Mining Method
unknown

Location

Easting
631980
Northing
3167836
Elevation
640 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a strong gold grade over a moderate width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.25”

Context: 7.75

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-013San Antonio · goldGrade: 0.43Grade Unit: g/tIntercept: 27.9 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-013
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.43
Grade Unit
g/t
Intercept
27.9 m
From
31.3 m
To
59.2 m
Hole Depth
153 m
Intercept Depth
31.3 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-013:31.3-59.2
Mining Method
unknown

Location

Easting
631939
Northing
3168074
Elevation
617 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a significant width, notably in an area previously modeled as waste, indicating potential resource conversion. The vertical drilling means the true width is not known.

Positive factors

  • Identified mineralization in previously modeled waste
  • Step-Out Extension

Negative factors

  • Apparent width only

Evidence · table

“0.43”

Context: 27.9

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-013San Antonio · goldGrade: 0.73Grade Unit: g/tIntercept: 10.05 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-013
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.73
Grade Unit
g/t
Intercept
10.05 m
From
31.3 m
To
41.35 m
Hole Depth
153 m
Intercept Depth
31.3 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-013:31.3-41.35
Mining Method
unknown

Location

Easting
631939
Northing
3168074
Elevation
617 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a moderate gold grade over a moderate width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Positive factors

  • Identified mineralization in previously modeled waste
  • Step-Out Extension

Negative factors

  • Apparent width only

Evidence · table

“0.73”

Context: 10.05

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-013San Antonio · goldGrade: 0.82Grade Unit: g/tIntercept: 7.05 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-013
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.82
Grade Unit
g/t
Intercept
7.05 m
From
37.15 m
To
44.2 m
Hole Depth
153 m
Intercept Depth
31.3 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-013:37.15-44.2
Mining Method
unknown

Location

Easting
631939
Northing
3168074
Elevation
617 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This sub-interval shows a moderate gold grade over a moderate width, indicating a localized higher-grade zone within the broader intercept. The vertical drilling means the true width is not known.

Positive factors

  • Identified mineralization in previously modeled waste
  • Step-Out Extension

Negative factors

  • Apparent width only

Evidence · table

“0.82”

Context: 7.05

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-013San Antonio · goldGrade: 0.59Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-013
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.59
Grade Unit
g/t
Intercept
4 m
From
55.2 m
To
59.2 m
Hole Depth
153 m
Intercept Depth
31.3 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-013:55.2-59.2
Mining Method
unknown

Location

Easting
631939
Northing
3168074
Elevation
617 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This additional intercept shows a weak gold grade over a narrow width, further extending mineralization in the previously modeled waste area. The vertical drilling means the true width is not known.

Positive factors

  • Identified mineralization in previously modeled waste
  • Step-Out Extension

Negative factors

  • Apparent width only

Evidence · table

“0.59”

Context: 4.0

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-014San Antonio · goldGrade: 0.33Grade Unit: g/tIntercept: 16.5 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-014
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.33
Grade Unit
g/t
Intercept
16.5 m
From
114 m
To
130.5 m
Hole Depth
140 m
Intercept Depth
114 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-014:114-130.5
Mining Method
unknown

Location

Easting
631923
Northing
3167843
Elevation
638 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a moderate width, indicating low-grade mineralization. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.33”

Context: 16.5

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-014San Antonio · goldGrade: 0.75Grade Unit: g/tIntercept: 5.14 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-014
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.75
Grade Unit
g/t
Intercept
5.14 m
From
125.36 m
To
130.5 m
Hole Depth
140 m
Intercept Depth
114 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-014:125.36-130.5
Mining Method
unknown

Location

Easting
631923
Northing
3167843
Elevation
638 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a moderate gold grade over a narrow width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.75”

Context: 5.14

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-015San Antonio · goldGrade: 0.61Grade Unit: g/tIntercept: 18.4 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-015
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.61
Grade Unit
g/t
Intercept
18.4 m
From
36.5 m
To
54.9 m
Hole Depth
137 m
Intercept Depth
36.5 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-015:36.5-54.9
Mining Method
unknown

Location

Easting
631926
Northing
3168010
Elevation
658 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a moderate width, notably in an area previously modeled as waste, indicating potential resource conversion. The vertical drilling means the true width is not known.

Positive factors

  • Identified mineralization in previously modeled waste

Negative factors

  • Apparent width only

Evidence · table

“0.61”

Context: 18.4

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-015San Antonio · goldGrade: 1.03Grade Unit: g/tIntercept: 6.5 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-015
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.03
Grade Unit
g/t
Intercept
6.5 m
From
48.4 m
To
54.9 m
Hole Depth
137 m
Intercept Depth
36.5 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-015:48.4-54.9
Mining Method
unknown

Location

Easting
631926
Northing
3168010
Elevation
658 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a moderate gold grade over a narrow width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Positive factors

  • Identified mineralization in previously modeled waste

Negative factors

  • Apparent width only

Evidence · table

“1.03”

Context: 6.5

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-016San Antonio · goldGrade: 0.4Grade Unit: g/tIntercept: 33.55 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-016
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.4
Grade Unit
g/t
Intercept
33.55 m
From
0 m
To
33.55 m
Hole Depth
138 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-016:0-33.55
Mining Method
open_pit

Location

Easting
631840
Northing
3167862
Elevation
642 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade from surface over a continuous width, indicating broad low-grade mineralization. The vertical drilling means the true width is not known.

Positive factors

  • Intercept from surface

Negative factors

  • Apparent width only

Evidence · table

“0.40”

Context: 33.55

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-016San Antonio · goldGrade: 0.62Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-016
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.62
Grade Unit
g/t
Intercept
10 m
From
22.65 m
To
32.65 m
Hole Depth
138 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-016:22.65-32.65
Mining Method
open_pit

Location

Easting
631840
Northing
3167862
Elevation
642 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a moderate gold grade over a moderate width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Positive factors

  • Intercept from surface

Negative factors

  • Apparent width only

Evidence · table

“0.62”

Context: 10.0

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-016San Antonio · goldGrade: 0.93Grade Unit: g/tIntercept: 4.2 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-016
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.93
Grade Unit
g/t
Intercept
4.2 m
From
28.45 m
To
32.65 m
Hole Depth
138 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-016:28.45-32.65
Mining Method
open_pit

Location

Easting
631840
Northing
3167862
Elevation
642 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This sub-interval shows a moderate gold grade over a narrow width, indicating a localized higher-grade zone within the broader intercept. The vertical drilling means the true width is not known.

Positive factors

  • Intercept from surface

Negative factors

  • Apparent width only

Evidence · table

“0.93”

Context: 4.2

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-018San Antonio · goldGrade: 1.33Grade Unit: g/tIntercept: 26.78 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-018
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.33
Grade Unit
g/t
Intercept
26.78 m
From
82.42 m
To
109.2 m
Hole Depth
109 m
Intercept Depth
82.42 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-018:82.42-109.2
Mining Method
unknown

Location

Easting
632042
Northing
3168011
Elevation
662 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade over a significant width, indicating a substantial mineralized zone. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.33”

Context: 26.78

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-018San Antonio · goldGrade: 1.48Grade Unit: g/tIntercept: 23.58 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-018
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.48
Grade Unit
g/t
Intercept
23.58 m
From
82.42 m
To
106 m
Hole Depth
109 m
Intercept Depth
82.42 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-018:82.42-106
Mining Method
unknown

Location

Easting
632042
Northing
3168011
Elevation
662 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a strong gold grade over a significant width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.48”

Context: 23.58

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-018San Antonio · goldGrade: 1.66Grade Unit: g/tIntercept: 19.3 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-018
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.66
Grade Unit
g/t
Intercept
19.3 m
From
82.42 m
To
101.72 m
Hole Depth
109 m
Intercept Depth
82.42 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-018:82.42-101.72
Mining Method
unknown

Location

Easting
632042
Northing
3168011
Elevation
662 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This sub-interval shows a strong gold grade over a significant width, indicating a higher-grade core within the broader intercept. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.66”

Context: 19.3

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-019San Antonio · goldGrade: 0.26Grade Unit: g/tIntercept: 22.5 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-019
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.26
Grade Unit
g/t
Intercept
22.5 m
From
12 m
To
34.5 m
Hole Depth
132 m
Intercept Depth
12 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-019:12-34.5
Mining Method
unknown

Location

Easting
631873
Northing
3167856
Elevation
634 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade over a significant width, indicating broad low-grade mineralization. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.26”

Context: 22.5

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-019San Antonio · goldGrade: 0.56Grade Unit: g/tIntercept: 5.7 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-019
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.56
Grade Unit
g/t
Intercept
5.7 m
From
25.8 m
To
31.5 m
Hole Depth
132 m
Intercept Depth
12 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-019:25.8-31.5
Mining Method
unknown

Location

Easting
631873
Northing
3167856
Elevation
634 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a moderate gold grade over a narrow width, reinforcing the mineralization in this section of the hole. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.56”

Context: 5.7

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-019San Antonio · goldGrade: 0.89Grade Unit: g/tIntercept: 7.75 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-019
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.89
Grade Unit
g/t
Intercept
7.75 m
From
45.25 m
To
53 m
Hole Depth
132 m
Intercept Depth
12 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-019:45.25-53
Mining Method
unknown

Location

Easting
631873
Northing
3167856
Elevation
634 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This additional intercept shows a moderate gold grade over a narrow width, indicating further mineralization. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“0.89”

Context: 7.75

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-020San Antonio · goldGrade: 2.13Grade Unit: g/tIntercept: 23.6 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-020
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
2.13
Grade Unit
g/t
Intercept
23.6 m
From
0 m
To
23.6 m
Hole Depth
210 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-020:0-23.6
Mining Method
open_pit

Location

Easting
631835
Northing
3167990
Elevation
655 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept is highly significant, showing a strong gold grade over a continuous width directly from surface, which is excellent for potential open-pit mining. The vertical drilling means the true width is not known.

Positive factors

  • High grade
  • Continuous width
  • Intercept from surface
  • Bonanza Intercept

Negative factors

  • Apparent width only

Evidence · table

“2.13”

Context: 23.6

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-020San Antonio · goldGrade: 1.45Grade Unit: g/tIntercept: 7.5 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-020
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.45
Grade Unit
g/t
Intercept
7.5 m
From
35.1 m
To
42.6 m
Hole Depth
210 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-020:35.1-42.6
Mining Method
open_pit

Location

Easting
631835
Northing
3167990
Elevation
655 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This additional intercept shows a strong gold grade over a moderate width, indicating further mineralization at shallow depths. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.45”

Context: 7.5

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-020San Antonio · goldGrade: 1.24Grade Unit: g/tIntercept: 3.8 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-020
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.24
Grade Unit
g/t
Intercept
3.8 m
From
64 m
To
67.8 m
Hole Depth
210 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-020:64-67.8
Mining Method
open_pit

Location

Easting
631835
Northing
3167990
Elevation
655 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This additional intercept shows a strong gold grade over a narrow width, indicating further mineralization at shallow depths. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.24”

Context: 3.8

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-021San Antonio · goldGrade: 1.31Grade Unit: g/tIntercept: 27.05 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-021
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.31
Grade Unit
g/t
Intercept
27.05 m
From
28.7 m
To
55.75 m
Hole Depth
81 m
Intercept Depth
28.7 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-021:28.7-55.75
Mining Method
unknown

Location

Easting
631829
Northing
3167882
Elevation
657 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade over a significant width, indicating a substantial mineralized zone. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.31”

Context: 27.05

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-26-021San Antonio · goldGrade: 1.71Grade Unit: g/tIntercept: 12.45 mView all details
Link to this fact

Identity

Hole ID
SOSAP-26-021
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
1.71
Grade Unit
g/t
Intercept
12.45 m
From
30.4 m
To
42.85 m
Hole Depth
81 m
Intercept Depth
28.7 m

Classification

Program
resource
Sample Type
drill
Group ID
SOSAP-26-021:30.4-42.85
Mining Method
unknown

Location

Easting
631829
Northing
3167882
Elevation
657 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This included interval shows a strong gold grade over a moderate width, indicating a higher-grade core within the broader intercept. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · table

“1.71”

Context: 12.45

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

SOSAP-026-15San Antonio · goldGrade: 0.43Grade Unit: g/tIntercept: 27.9 mView all details
Link to this fact

Identity

Hole ID
SOSAP-026-15
Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AXO

Geometry

Grade
0.43
Grade Unit
g/t
Intercept
27.9 m
From
31 m
To
58.9 m

Classification

Sample Type
drill

QA/QC

Laboratory
ALS Chemex
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade over a moderate width, contributing to the overall resource definition program. The vertical drilling means the true width is not known.

Negative factors

  • Apparent width only

Evidence · text

“27.9 metres of 0.43g/t Au from 31 metres”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "Axo Metals Intercepts 23.6 metres of 2.13 g/t from Surface at the San Antonio Project Axo Metals Intercepts 23.6 metres "

Resource Estimates (8)

indicatedSan Antonio · goldGrade: 0.85Grade Unit: g/tContained Metal: 53Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
AXO

Resource scope

Estimate type
resource
QP Signed
No
Resource group id
resource:d5fdf2ddd41d1406e94f
Deposit or zone
Sapuchi
Material type
oxide

Resource Data

Category
indicated
Grade
0.85
Grade Unit
g/t
Contained Metal
53
Contained Unit
koz

Prior Estimate

Resource Date
2021-XX-XX

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This is a historical indicated resource for the Sapuchi deposit, providing a baseline for the current drilling program. Its age reduces its novelty and confidence.

Negative factors

  • Stale Estimate
  • No QP/CP Disclosure

Evidence · text

“Oxide resources at Sapuchi within the 2021 resource block model stood at 53koz Au grading 0.85 g/t Au in the Indicated category”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredSan Antonio · goldGrade: 0.74Grade Unit: g/tContained Metal: 75Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
AXO

Resource scope

Estimate type
resource
QP Signed
No
Resource group id
resource:0d87d48385e8813fe59d
Deposit or zone
Sapuchi
Material type
oxide

Resource Data

Category
inferred
Grade
0.74
Grade Unit
g/t
Contained Metal
75
Contained Unit
koz

Prior Estimate

Resource Date
2021-XX-XX

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This is a historical inferred resource for the Sapuchi deposit, indicating potential but with lower confidence due to its category and age.

Negative factors

  • Stale Estimate
  • Inferred Resource
  • No QP/CP Disclosure

Evidence · text

“75koz Au grading 0.74 g/t Au in the Inferred category.”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedSan Antonio · goldGrade: 1.2Grade Unit: g/tContained Metal: 576Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
AXO

Resource scope

Estimate type
resource
QP Signed
No
Resource group id
resource:4c83e93713f238bb20af

Resource Data

Category
indicated
Grade
1.2
Grade Unit
g/t
Contained Metal
576
Contained Unit
koz

Prior Estimate

Resource Date
2021-XX-XX

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This is a historical indicated resource for the entire San Antonio project, providing a broader context for the current exploration. Its age reduces its novelty and confidence.

Negative factors

  • Stale Estimate
  • No QP/CP Disclosure

Evidence · text

“Total resources at San Antonio stand at 576koz Au grading 1.20 g/t Au and in the Indicated category”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredSan Antonio · goldGrade: 1.02Grade Unit: g/tContained Metal: 544Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
AXO

Resource scope

Estimate type
resource
QP Signed
No
Resource group id
resource:bb6b59bf3a4fc3e6f42e
Deposit or zone
Sapuchi

Resource Data

Category
inferred
Grade
1.02
Grade Unit
g/t
Contained Metal
544
Contained Unit
koz

Prior Estimate

Resource Date
2021-XX-XX

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This is a historical inferred resource for the entire San Antonio project, indicating potential but with lower confidence due to its category and age.

Negative factors

  • Stale Estimate
  • Inferred Resource
  • No QP/CP Disclosure

Evidence · text

“with 544koz Au grading 1.02 g/t Au in the Inferred category across all deposit types (oxide, transition and sulphide).”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedSan Antonio · goldGrade: 1.2Grade Unit: g/tContained Metal: 576Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
AXO

Resource scope

Estimate type
resource
QP Signed
No
Resource group id
resource:4c83e93713f238bb20af

Resource Data

Category
indicated
Grade
1.2
Grade Unit
g/t
Contained Metal
576
Contained Unit
koz

Prior Estimate

Resource Date
2021-XX-XX

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This is a historical indicated resource for the entire San Antonio project, providing a broader context for the current exploration. Its age reduces its novelty and confidence.

Negative factors

  • Stale Estimate
  • No QP/CP Disclosure

Evidence · text

“Total resources at San Antonio stand at 576koz Au and 1.37moz Ag grading 1.20 g/t Au and 2.9g/t Ag in the Indicated category”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedSan Antonio · silverGrade: 2.9Grade Unit: g/tContained Metal: 1.37Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
AXO

Resource scope

Estimate type
resource
QP Signed
No
Resource group id
resource:4c83e93713f238bb20af

Resource Data

Category
indicated
Grade
2.9
Grade Unit
g/t
Contained Metal
1.37
Contained Unit
moz

Prior Estimate

Resource Date
2021-XX-XX

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This is a historical indicated resource for silver at San Antonio, providing a broader context for the current exploration. Its age reduces its novelty and confidence.

Negative factors

  • Stale Estimate
  • No QP/CP Disclosure

Evidence · text

“1.37moz Ag grading 1.20 g/t Au and 2.9g/t Ag in the Indicated category”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredSan Antonio · goldGrade: 1.02Grade Unit: g/tContained Metal: 544Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
AXO

Resource scope

Estimate type
resource
QP Signed
No
Resource group id
resource:4743af7c05f4aee44d25

Resource Data

Category
inferred
Grade
1.02
Grade Unit
g/t
Contained Metal
544
Contained Unit
koz

Prior Estimate

Resource Date
2021-XX-XX

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This is a historical inferred resource for gold at San Antonio, indicating potential but with lower confidence due to its category and age.

Negative factors

  • Stale Estimate
  • Inferred Resource
  • No QP/CP Disclosure

Evidence · text

“with 544koz Au and 1.76moz Ag grading 1.02 g/t Au and 3.3g/t Ag in the Inferred category across all deposit types (oxide, transition and sulphide).”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredSan Antonio · silverGrade: 3.3Grade Unit: g/tContained Metal: 1.76Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
San Antonio
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
AXO

Resource scope

Estimate type
resource
QP Signed
No
Resource group id
resource:4743af7c05f4aee44d25

Resource Data

Category
inferred
Grade
3.3
Grade Unit
g/t
Contained Metal
1.76
Contained Unit
moz

Prior Estimate

Resource Date
2021-XX-XX

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-05-26T00:00:00.000Z

Reasoning: This is a historical inferred resource for silver at San Antonio, indicating potential but with lower confidence due to its category and age.

Negative factors

  • Stale Estimate
  • Inferred Resource
  • No QP/CP Disclosure

Evidence · text

“1.76moz Ag grading 1.02 g/t Au and 3.3g/t Ag in the Inferred category across all deposit types (oxide, transition and sulphide).”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

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.