# Minaurum Engages SGS to Complete Mineral Resource Update on the Alamos Silver Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/minaurum-engages-sgs-to-complete-mineral-resource-update-on-the-alamos-silver-pr--84246008-d32f-4bfe-b49d-c0556855824a Original source: https://money.tmx.com/en/quote/MGG/news/6733131463703260/minaurum-engages-sgs-to-complete-mineral-resource-update-on-the-alamos-silver-pr Publisher: tmx Original announcement: 2026-07-14T12:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Minaurum Silver Inc. - Ticker: MGG - Exchange: TSX - Region: Sonora, Mexico - Primary commodity: Silver - Secondary commodities: Gold, Copper, Lead, Zinc - Document categories: Resource update, Other - Extracted: 2026-09-16 10:33:59 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Minaurum Silver Inc. has engaged SGS to complete an updated mineral resource estimate for its Alamos Silver Project in Sonora, Mexico. The update will incorporate new data from an ongoing 50,000-metre drilling campaign and is expected later in 2026. Reasoning: The announcement is a corporate update regarding the engagement of a consultant to perform a resource update, which is a routine but important de-risking step for an explorer. - Positive factor: Engagement of reputable consultant SGS for resource update - Positive factor: Ongoing aggressive 50,000m drill program to expand resource Facts used in scoring: 5 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company is engaging SGS to perform an updated mineral resource estimate. Evidence · text > Engages SGS to Complete Mineral Resource Update ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-engages-sgs-to-complete-mineral-resource-update-on-the-alamos-silver-pr--84246008-d32f-4bfe-b49d-c0556855824a#fact-resource-facts-0) Alamos Silver Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Alamos Silver Project - Commodity: silver - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Resource group id: resource:586b5f4b36f4f4dedfed #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 202 - Grade Unit: g/t - Contained Metal: 34800000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-01-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-28T00:00:00.000Z #### Dates - Event date: 2026-07-14T00:00:00.000Z Reasoning: Historical resource component being restated for comparison. Evidence · text > In January 2026, Minaurum announced its inaugural mineral-resource estimate of 5.37 million tonnes containing 55.2 million ounces of silver equivalent \("AgEq"\) grading 320 g/t AgEq or 202 g/t silver #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-engages-sgs-to-complete-mineral-resource-update-on-the-alamos-silver-pr--84246008-d32f-4bfe-b49d-c0556855824a#fact-resource-facts-1) Alamos Silver Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Alamos Silver Project - Commodity: gold - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Resource group id: resource:586b5f4b36f4f4dedfed #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 0.21 - Grade Unit: g/t - Contained Metal: 35640 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-01-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-28T00:00:00.000Z #### Dates - Event date: 2026-07-14T00:00:00.000Z Reasoning: Historical resource component being restated for comparison. Evidence · text > 202 g/t silver, 0.21 g/t gold #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-engages-sgs-to-complete-mineral-resource-update-on-the-alamos-silver-pr--84246008-d32f-4bfe-b49d-c0556855824a#fact-resource-facts-2) Alamos Silver Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Alamos Silver Project - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Resource group id: resource:586b5f4b36f4f4dedfed #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 0.43 - Grade Unit: % - Contained Metal: 51 - Contained Unit: million pounds #### Prior Estimate - Resource Date: 2026-01-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-28T00:00:00.000Z #### Dates - Event date: 2026-07-14T00:00:00.000Z Reasoning: Historical resource component being restated for comparison. Evidence · text > 0.43% copper #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-engages-sgs-to-complete-mineral-resource-update-on-the-alamos-silver-pr--84246008-d32f-4bfe-b49d-c0556855824a#fact-resource-facts-3) Alamos Silver Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: Alamos Silver Project - Commodity: lead - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Resource group id: resource:586b5f4b36f4f4dedfed #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 0.97 - Grade Unit: % - Contained Metal: 115 - Contained Unit: million pounds #### Prior Estimate - Resource Date: 2026-01-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-28T00:00:00.000Z #### Dates - Event date: 2026-07-14T00:00:00.000Z Reasoning: Historical resource component being restated for comparison. Evidence · text > 0.97% lead #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/minaurum-engages-sgs-to-complete-mineral-resource-update-on-the-alamos-silver-pr--84246008-d32f-4bfe-b49d-c0556855824a#fact-resource-facts-4) Alamos Silver Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Alamos Silver Project - Commodity: zinc - Region: mexico - Reported Region: Sonora, Mexico - Ticker: MGG #### Resource scope - Estimate type: resource - Resource group id: resource:586b5f4b36f4f4dedfed #### Resource Data - Category: inferred - Tonnes: 5370000 - Grade: 2.01 - Grade Unit: % - Contained Metal: 238 - Contained Unit: million pounds #### Prior Estimate - Resource Date: 2026-01-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-01-28T00:00:00.000Z #### Dates - Event date: 2026-07-14T00:00:00.000Z Reasoning: Historical resource component being restated for comparison. Evidence · text > 2.01% zinc #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## 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.