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

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2

Original source: https://money.tmx.com/en/quote/AXO/news/6748375616884637/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr

Publisher: tmx

Original announcement: 2026-05-26T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: High-grade gold intercepts from surface, particularly SOSAP-26-020 \(23.6m at 2.13 g/t Au\), indicating potential for a starter pit.

- Positive factor: Drilling successfully identified mineralization in areas previously modeled as waste, suggesting resource expansion potential.

- Positive factor: Initiation of a PEA and a new resource estimate signals progress towards economic evaluation and updated resource figures.

- Positive factor: QA/QC procedures are disclosed, including use of ALS Chemex and insertion of reference materials, enhancing data credibility.

- Positive factor: The drill program aims to upgrade resource confidence and infill gaps, indicating a strategic approach to resource development.

- Negative factor: All reported drill holes are vertical \(-90 dip\), which may not represent true width accurately if mineralization is not horizontal.

- Negative factor: The historical resource estimates are from 2021, making them somewhat stale, though a new estimate is underway.

- Negative factor: 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 Intercept**

Polarity: positive

Definition: 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 Intercept**

Polarity: positive

Definition: 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 Only**

Polarity: negative

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

Why it applies: 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 Disclosed**

Polarity: positive

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

Why it applies: The release 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 Signed**

Polarity: positive

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

Why it applies: 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 Drilling**

Polarity: neutral

Definition: 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 Extension**

Polarity: positive

Definition: 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 Only**

Polarity: neutral

Definition: 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 Estimate**

Polarity: negative

Definition: 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-26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-0)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.16

Context: 12.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-1)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.25

Context: 11.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-2)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.63

Context: 7.75

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-003

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-3)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.74

Context: 12.55

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-4)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.39

Context: 15.05

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-5)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.65

Context: 5.95

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-6)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.54

Context: 9.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-7)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.65

Context: 18.1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-8)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.78

Context: 14.29

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-9)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.99

Context: 8.99

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-10)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.38

Context: 8.1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-008

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-11)

San Antonio · gold

#### 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 factor: Intercept from surface

- Negative factor: Apparent width only

Evidence · table

> 1.57

Context: 8.05

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-12)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.50

Context: 9.8

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-13)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.61

Context: 47.6

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-14)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.94

Context: 26.5

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-15)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.31

Context: 11.15

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-011

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-16)

San Antonio · gold

#### 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 factor: Bonanza grade

- Negative factor: Apparent width only

- Negative factor: Narrow intercept

Evidence · table

> 13.15

Context: 0.9

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-17)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.96

Context: 11.95

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-18)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.25

Context: 7.75

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-19)

San Antonio · gold

#### 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 factor: Identified mineralization in previously modeled waste

- Positive factor: Step-Out Extension

- Negative factor: Apparent width only

Evidence · table

> 0.43

Context: 27.9

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-20)

San Antonio · gold

#### 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 factor: Identified mineralization in previously modeled waste

- Positive factor: Step-Out Extension

- Negative factor: Apparent width only

Evidence · table

> 0.73

Context: 10.05

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-21)

San Antonio · gold

#### 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 factor: Identified mineralization in previously modeled waste

- Positive factor: Step-Out Extension

- Negative factor: Apparent width only

Evidence · table

> 0.82

Context: 7.05

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-22)

San Antonio · gold

#### 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 factor: Identified mineralization in previously modeled waste

- Positive factor: Step-Out Extension

- Negative factor: Apparent width only

Evidence · table

> 0.59

Context: 4.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-23)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.33

Context: 16.5

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-24)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.75

Context: 5.14

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-015

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-25)

San Antonio · gold

#### 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 factor: Identified mineralization in previously modeled waste

- Negative factor: Apparent width only

Evidence · table

> 0.61

Context: 18.4

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-015

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-26)

San Antonio · gold

#### 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 factor: Identified mineralization in previously modeled waste

- Negative factor: Apparent width only

Evidence · table

> 1.03

Context: 6.5

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-016

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-27)

San Antonio · gold

#### 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 factor: Intercept from surface

- Negative factor: Apparent width only

Evidence · table

> 0.40

Context: 33.55

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-016

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-28)

San Antonio · gold

#### 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 factor: Intercept from surface

- Negative factor: Apparent width only

Evidence · table

> 0.62

Context: 10.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-016

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-29)

San Antonio · gold

#### 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 factor: Intercept from surface

- Negative factor: Apparent width only

Evidence · table

> 0.93

Context: 4.2

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-018

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-30)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.33

Context: 26.78

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-018

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-31)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.48

Context: 23.58

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-018

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-32)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.66

Context: 19.3

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-019

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-33)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.26

Context: 22.5

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-019

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-34)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.56

Context: 5.7

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-019

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-35)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 0.89

Context: 7.75

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-020

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-36)

San Antonio · gold

#### 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 factor: High grade

- Positive factor: Continuous width

- Positive factor: Intercept from surface

- Positive factor: Bonanza Intercept

- Negative factor: Apparent width only

Evidence · table

> 2.13

Context: 23.6

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-020

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-37)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.45

Context: 7.5

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-020

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-38)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.24

Context: 3.8

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-021

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-39)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.31

Context: 27.05

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-26-021

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-40)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · table

> 1.71

Context: 12.45

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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-026-15

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-drill-facts-50)

San Antonio · gold

#### 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 factor: Apparent width only

Evidence · text

> 27.9 metres of 0.43g/t Au from 31 metres

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

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

Why it applies: proximity is offered as the value premise: "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)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-resource-facts-41)

San Antonio · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Stale Estimate

- Negative factor: 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 Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-resource-facts-42)

San Antonio · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Stale Estimate

- Negative factor: Inferred Resource

- Negative factor: No QP/CP Disclosure

Evidence · text

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

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-resource-facts-43)

San Antonio · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Stale Estimate

- Negative factor: 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 Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-resource-facts-44)

San Antonio · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Stale Estimate

- Negative factor: Inferred Resource

- Negative factor: 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 Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-resource-facts-45)

San Antonio · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Stale Estimate

- Negative factor: 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 Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-resource-facts-46)

San Antonio · silver

Historical result

Needs review: historical\_restatement

#### 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 factor: Stale Estimate

- Negative factor: 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 Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-resource-facts-47)

San Antonio · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Stale Estimate

- Negative factor: Inferred Resource

- Negative factor: 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 Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/axo-metals-intercepts-23-6-metres-of-2-13-g-t-from-surface-at-the-san-antonio-pr--18b9a460-10ca-4b07-9803-3aac995080c2#fact-resource-facts-48)

San Antonio · silver

Historical result

Needs review: historical\_restatement

#### 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 factor: Stale Estimate

- Negative factor: Inferred Resource

- Negative factor: 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 Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**PEA-Supporting**

Polarity: neutral

Definition: 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.