Ibero Mining Reports Results From Deep Undercut Drill Hole At Miguel Vacas Mine
Original announcement by tmx on
- Company
- Ibero Mining Corp.
- Ticker
- IMC
- Exchange
- TSX
- Region
- Portugal
- Primary commodity
- Copper
- Secondary commodities
- Gold
- Document categories
- Drill results, Other
- Extracted
- 2026-09-12 07:27:20 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Ibero Mining reported successful deep undercut drilling at the Miguel Vacas copper mine in Portugal, with hole #11 intercepting 19.9m at 0.89% Cu. The results confirm depth extensions of the known mineralization and suggest significant strike potential exceeding 2km.
Reasoning: Deep undercut drilling confirmed depth extensions and high-grade intercepts, supporting the company's target of a >20Mt resource.
Positive factors
- confirmed depth extensions of known mineralization
- high-grade sulphide zones intercepted
- strike extension potential of >2km
- consistent mineralized grades
Facts used in scoring: 11
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drilling confirmed depth extensions of known mineralization.
Evidence · text
“confirmed the depth extensions of the known mineralization”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions use of the triple tube Triplex system for improved core recovery.
Evidence · text
“using the triple tube Triplex system”
Extracted facts
Stored fact records: 11. Some facts used in scoring do not have a stored record.
Drill Results (11)
11Miguel Vacas · copperGrade: 0.89Grade Unit: %Intercept: 19.9 mView all detailsHide details
Identity
- Hole ID
- 11
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 0.89
- Grade Unit
- %
- Intercept
- 19.9 m
- From
- 270.7 m
- To
- 290.6 m
- Intercept Depth
- 270.7 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 11:270.7-290.6
- Mining Method
- mixed
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: Significant intercept confirming depth extension of the mineralized system.
Positive factors
- confirms depth extension
Evidence · text
“intercepted 19.9 m grading 0.89 % Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
11Miguel Vacas · copperGrade: 1.35Grade Unit: %Intercept: 5 mView all detailsHide details
Identity
- Hole ID
- 11
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 1.35
- Grade Unit
- %
- Intercept
- 5 m
- From
- 270.7 m
- To
- 275.7 m
- Intercept Depth
- 270.7 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 11:270.7-275.7
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: High-grade sub-interval within the main intercept.
Positive factors
- high-grade sub-interval
Evidence · text
“5.0 m grading 1.35% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
11Miguel Vacas · copperGrade: 1.11Grade Unit: %Intercept: 7.7 mView all detailsHide details
Identity
- Hole ID
- 11
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 1.11
- Grade Unit
- %
- Intercept
- 7.7 m
- From
- 281.7 m
- To
- 289.4 m
- Intercept Depth
- 270.7 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 11:281.7-289.4
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: High-grade sub-interval within the main intercept.
Positive factors
- high-grade sub-interval
Evidence · text
“6.2 m grading 1.11% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
1Miguel Vacas · copperGrade: 2.76Grade Unit: %Intercept: 22.8 mView all detailsHide details
Identity
- Hole ID
- 1
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 2.76
- Grade Unit
- %
- Intercept
- 22.8 m
- From
- 49.4 m
- To
- 72.2 m
- Intercept Depth
- 49.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 1:49.4-72.2
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: Strong copper intercept.
Positive factors
- strong grade
Evidence · text
“22.8m grading 2.76 % Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
1Miguel Vacas · copperGrade: 7.49Grade Unit: %Intercept: 9 mView all detailsHide details
Identity
- Hole ID
- 1
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 7.49
- Grade Unit
- %
- Intercept
- 9 m
- From
- 57.8 m
- To
- 66.8 m
- Intercept Depth
- 49.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 1:57.8-66.8
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: Exceptional high-grade intercept.
Positive factors
- bonanza grade
Evidence · text
“9.0m grading 7.49% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
3Miguel Vacas · copperGrade: 1.55Grade Unit: %Intercept: 12.3 mView all detailsHide details
Identity
- Hole ID
- 3
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 1.55
- Grade Unit
- %
- Intercept
- 12.3 m
- From
- 66.6 m
- To
- 78.9 m
- Intercept Depth
- 66.6 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 3:66.6-78.9
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: Strong copper intercept.
Positive factors
- strong grade
Evidence · text
“12.3m grading 1.55% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
4Miguel Vacas · copperGrade: 2.56Grade Unit: %Intercept: 10.5 mView all detailsHide details
Identity
- Hole ID
- 4
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 2.56
- Grade Unit
- %
- Intercept
- 10.5 m
- From
- 62 m
- To
- 72.5 m
- Intercept Depth
- 62 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 4:62-72.5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: Strong copper intercept.
Positive factors
- strong grade
Evidence · text
“10.5m grading 2.56 % Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
4Miguel Vacas · copperGrade: 4.52Grade Unit: %Intercept: 5 mView all detailsHide details
Identity
- Hole ID
- 4
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 4.52
- Grade Unit
- %
- Intercept
- 5 m
- From
- 62 m
- To
- 67 m
- Intercept Depth
- 62 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 4:62-67
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: High-grade sub-interval.
Positive factors
- bonanza grade
Evidence · text
“5.0m grading 4.52% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
8Miguel Vacas · copperGrade: 1.06Grade Unit: %Intercept: 14.1 mView all detailsHide details
Identity
- Hole ID
- 8
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 1.06
- Grade Unit
- %
- Intercept
- 14.1 m
- From
- 47 m
- To
- 61.1 m
- Intercept Depth
- 47 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 8:47-61.1
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: Strong copper intercept.
Positive factors
- strong grade
Evidence · text
“14.1 m grading 1.06% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
8Miguel Vacas · copperGrade: 1.81Grade Unit: %Intercept: 6.9 mView all detailsHide details
Identity
- Hole ID
- 8
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 1.81
- Grade Unit
- %
- Intercept
- 6.9 m
- From
- 52.2 m
- To
- 59.1 m
- Intercept Depth
- 47 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 8:52.2-59.1
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: High-grade sub-interval.
Positive factors
- strong grade
Evidence · text
“6.9m grading 1.81% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
9Miguel Vacas · copperGrade: 1.15Grade Unit: %Intercept: 7.9 mView all detailsHide details
Identity
- Hole ID
- 9
- Project
- Miguel Vacas
- Commodity
- copper
- Region
- portugal
- Reported Region
- portugal
- Ticker
- IMC
Geometry
- Grade
- 1.15
- Grade Unit
- %
- Intercept
- 7.9 m
- From
- 74.9 m
- To
- 82.8 m
- Intercept Depth
- 74.9 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 9:74.9-82.8
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-11-21T00:00:00.000Z
Reasoning: Strong copper intercept.
Positive factors
- strong grade
Evidence · text
“7.9m grading 1.15% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.