# Centenario Announces the Proposed 2nd Phase Exploration Program on the Eden Property, Culiacan, Sinaloa Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906 Original source: https://money.tmx.com/en/quote/CTG/news/7751647176848761/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop Publisher: tmx Original announcement: 2024-04-12T10:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Centenario Gold Corp. - Ticker: CTG - Exchange: TSX - Region: Sinaloa, Mexico - Primary commodity: Gold - Secondary commodities: Silver, Copper, Lead, Zinc - Document categories: Drill results, Other - Extracted: 2026-09-15 19:28:52 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Centenario Gold Corp. has announced its proposed second phase exploration program for the Eden property in Sinaloa, Mexico. The program targets untested extensions of the Buenavista epithermal system and new prospects at La Tramposa and La Provedora. The company also announced an amendment to its property option agreement, reducing an upcoming US $100,000 payment to US $50,000. Reasoning: The company is announcing a planned 2nd phase exploration program based on recent geological reinterpretation, targeting high-grade epithermal structures. - Positive factor: Proposed exploration program targets untested upper and deeper portions of Buenavista epithermal system - Positive factor: Identification of new targets at La Tramposa and La Provedora - Positive factor: High-grade surface samples \(239.9 g/t Au\) provide strong target potential - Positive factor: Amended option agreement reduces immediate cash outflow - Negative factor: No new assay results reported in this specific release; it is a program announcement Facts used in scoring: 8 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The company positions the Eden property as being adjacent to Prime Mining Corp's Los Reyes project. Evidence · text > located just north of Prime Mining Corp's Los Reyes project **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The program targets the northern structurally-controlled extension of the Buenavista system. Evidence · text > the northern structurally-controlled extension... of the Buenavista epithermal system have yet to be tested ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906#fact-drill-facts-0) gold #### Identity - Commodity: gold - Region: mexico - Reported Region: Sinaloa, Mexico - Ticker: CTG #### Geometry - Grade: 239.9 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Buenavista structure - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-12T00:00:00.000Z Reasoning: High-grade surface sample provides strong target potential for the Buenavista structure. - Positive factor: Exceptional surface grade Evidence · text > high grade Au and Ag surface sample as high as 239.9 g/t Au and 1390 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Señora producing mine while the Eden" ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906#fact-drill-facts-1) silver #### Identity - Commodity: silver - Region: mexico - Reported Region: Sinaloa, Mexico - Ticker: CTG #### Geometry - Grade: 1390 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Buenavista structure - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-12T00:00:00.000Z Reasoning: High-grade surface sample provides strong target potential for the Buenavista structure. - Positive factor: Exceptional surface grade Evidence · text > high grade Au and Ag surface sample as high as 239.9 g/t Au and 1390 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Señora producing mine while the Eden" ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906#fact-drill-facts-2) gold #### Identity - Commodity: gold - Region: mexico - Reported Region: Sinaloa, Mexico - Ticker: CTG #### Geometry - Grade: 1.3 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: La Tramposa zone - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-12T00:00:00.000Z Reasoning: Low grade rock chip sample from a new target zone. Evidence · text > returned grades of 1.3 g/t Au and 1.7 g/t Au g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Señora producing mine while the Eden" ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906#fact-drill-facts-3) gold #### Identity - Commodity: gold - Region: mexico - Reported Region: Sinaloa, Mexico - Ticker: CTG #### Geometry - Grade: 136.8 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: La Republicana - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-12T00:00:00.000Z Reasoning: High grade rock chip sample from La Republicana structure. - Positive factor: High grade sample Evidence · text > returned 136.8 g/t Au, 748 g/t Ag, and > 1% Cu and > than 10% Pb-Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Señora producing mine while the Eden" ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906#fact-drill-facts-4) silver #### Identity - Commodity: silver - Region: mexico - Reported Region: Sinaloa, Mexico - Ticker: CTG #### Geometry - Grade: 748 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: La Republica - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-12T00:00:00.000Z Reasoning: High grade rock chip sample from La Republica structure. - Positive factor: High grade sample Evidence · text > returned 136.8 g/t Au, 748 g/t Ag, and > 1% Cu and > than 10% Pb-Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Señora producing mine while the Eden" ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906#fact-drill-facts-5) copper #### Identity - Commodity: copper - Region: mexico - Reported Region: Sinaloa, Mexico - Ticker: CTG #### Geometry - Grade: 1 - Grade Unit: % #### Classification - Sample Type: surface #### Location - Location: La Republica - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-12T00:00:00.000Z Reasoning: Presence of copper in a high-grade gold/silver sample. Evidence · text > returned 136.8 g/t Au, 748 g/t Ag, and > 1% Cu and > than 10% Pb-Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Señora producing mine while the Eden" ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906#fact-drill-facts-6) lead #### Identity - Commodity: lead - Region: mexico - Reported Region: Sinaloa, Mexico - Ticker: CTG #### Geometry - Grade: 10 - Grade Unit: % #### Classification - Sample Type: surface #### Location - Location: La Republica - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-12T00:00:00.000Z Reasoning: Presence of lead in a high-grade gold/silver sample. Evidence · text > returned 136.8 g/t Au, 748 g/t Ag, and > 1% Cu and > than 10% Pb-Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Señora producing mine while the Eden" ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/centenario-announces-the-proposed-2nd-phase-exploration-program-on-the-eden-prop--46367abf-8210-4206-a8d9-93adf35fa906#fact-drill-facts-7) zinc #### Identity - Commodity: zinc - Region: mexico - Reported Region: Sinaloa, Mexico - Ticker: CTG #### Geometry - Grade: 10 - Grade Unit: % #### Classification - Sample Type: surface #### Location - Location: La Republica - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-04-12T00:00:00.000Z Reasoning: Presence of zinc in a high-grade gold/silver sample. Evidence · text > returned 136.8 g/t Au, 748 g/t Ag, and > 1% Cu and > than 10% Pb-Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Señora producing mine while the Eden" ## 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.