# First Andes Silver Reports Phase 1 Soil Assay Results and Delineates Kilometre-Scale Silver-in-Soil Anomalies, Santas Gloria Project, Peru

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/first-andes-silver-reports-phase-1-soil-assay-results-and-delineates-kilometre-s--9d225985-9196-4062-b98c-bd3d09e26169

Original source: https://money.tmx.com/en/quote/FAS/news/7566506541780345/first-andes-silver-reports-phase-1-soil-assay-results-and-delineates-kilometre-s

Publisher: tmx

Original announcement: 2026-03-02T13:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: First Andes Silver Ltd.

- Ticker: FAS

- Exchange: TSX

- Region: Peru

- Primary commodity: Silver

- Secondary commodities: None reported

- Document categories: Drill results, Other

- Extracted: 2026-09-12 03:59:34 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

First Andes Silver has reported Phase 1 soil assay results from the Santas Gloria Project in Peru, identifying six coherent silver-in-soil anomalies spanning approximately 4.3 km. The anomalies, including the large Kelly corridor, show peak silver values of 68.1 ppm and align with mapped intermediate-sulphidation vein systems.

Reasoning: Phase 1 soil sampling successfully delineated multiple large-scale silver anomalies aligned with mapped epithermal vein corridors, providing strong vectors for future drilling.

- Positive factor: coherent kilometre-scale anomalies

- Positive factor: vein-parallel geometry

- Positive factor: peak value of 68.1 ppm Ag

- Positive factor: QA/QC protocols disclosed

- Negative factor: soil assays are indirect indicators of bedrock mineralization

Facts used in scoring: 1

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: The release mentions the use of certified reference materials, blanks, and field duplicates, and names ALS Peru S.A.

Evidence · text

> The Company inserted certified reference materials, blanks and field duplicates into the sample stream to monitor analytical quality.

**Nearology Play**

Polarity: neutral

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

Why it applies: The results are used to refine targets within known mapped epithermal vein corridors.

Evidence · text

> six coherent Ag-in-soil anomalies tightly aligned with mapped epithermal vein corridors

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/first-andes-silver-reports-phase-1-soil-assay-results-and-delineates-kilometre-s--9d225985-9196-4062-b98c-bd3d09e26169#fact-drill-facts-0)

silver

#### Identity

- Commodity: silver
- Region: peru
- Reported Region: Peru
- Ticker: FAS

#### Geometry

- Grade: 68.1
- Grade Unit: ppm

#### Classification

- Sample Type: surface

#### Location

- Location: Santas Gloria Project
- Loc. Source: document

#### QA/QC

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

#### Review

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

#### Dates

- Event date: 2026-03-02T00:00:00.000Z

Reasoning: 68.1 ppm Ag represents the peak value identified in the Phase 1 soil sampling campaign.

- Positive factor: high peak value for soil anomaly

Evidence · text

> Peak value of 68.1 ppm Ag

#### 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: "Key Points Summary: Phase 1 soil sampling \(1,037 samples\) returned six coherent Ag-in-soil anomalies tightly aligned wit"

## 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.