Untitled mining news story
Original announcement by research on
- Company
- Vizsla Silver Corp.
- Ticker
- VZLA
- Exchange
- TSX
- Region
- Sinaloa, Mexico
- Primary commodity
- Silver
- Secondary commodities
- Gold, Lead, Zinc
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-11-03 10:09:04 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
This annual information form describes Vizsla Silver’s business, capital structure, risks, and its Panuco-Copala silver-gold project in Sinaloa, Mexico. It incorporates by reference an NI 43-101 technical report with an updated mineral resource estimate effective September 9, 2024, and summarizes metallurgical test work. The filing is primarily a corporate disclosure document, not a new exploration news release.
Reasoning: Routine annual information form with incorporated technical report and project disclosure; not a current drill or financing event.
Positive factors
- Annual information form summarizes the company's Panuco-Copala project and incorporated technical report.
- Updated MRE is disclosed with NI 43-101 compliance and qualified persons named.
- Metallurgical test work and project development context are summarized in detail.
Negative factors
- This is a corporate filing rather than a new exploration result.
- Much of the document is historical/background disclosure and boilerplate.
- Resource and metallurgy items are incorporated by reference rather than newly announced here.
Low confidence — this extraction should be reviewed alongside the original source.
Rubric flags
- resource_update completeness — The resource summary in the annual information form provides combined M&I and inferred totals plus contained metals, but not a clean row-by-row table for every commodity/category; extracted facts are therefore based on the prose summary only.
Facts used in scoring: 22
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The estimate summary states the updated MRE complies with NI 43-101 and CIM definitions, not JORC; however the technical report is a formal compliance-style resource disclosure.
Evidence · text
“The reporting of the updated MRE complies with all disclosure requirements for Mineral Resources set out in NI 43-101.”
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The updated MRE explicitly states compliance with NI 43-101 disclosure requirements.
Evidence · text
“The reporting of the updated MRE complies with all disclosure requirements for Mineral Resources set out in NI 43-101.”
QP/CP Signedpositive
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: The report states the authors are independent Qualified Persons and names them.
Evidence · text
“The Authors are independent Qualified Persons as defined by NI 43-101 and are responsible for all sections of this report.”
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource notes state a base-case cut-off grade of 150 g/t AgEq.
Evidence · text
“Mineral resources are reported at a base case cut-off grade of 150 g/t AgEq.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The metallurgical work includes flotation and cyanide leaching on drill composites, which is a mill-style processing route rather than heap leach.
Evidence · text
“Froth flotation tests were conducted on all samples”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The resource discussion gives vein thicknesses but the metallurgical and resource summary do not provide true widths for intervals in this filing.
Evidence · text
“The deposits range in thickness from 1.5 m to greater than 20 m.”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 22. Some facts used in scoring do not have a stored record.
Resource Estimates (20)
measuredPanuco-Copala Property · silverTonnes: 2860000Contained Metal: 28.6Contained Unit: mozView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:72a8c6d9039cb59e12c0
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2860000
- Contained Metal
- 28.6
- Contained Unit
- moz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Measured resource row is part of the updated Panuco MRE and establishes higher-confidence inventory.
Positive factors
- NI 43-101 compliant updated resource estimate is disclosed.
- Measured category is reported for the project.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Contained metal is stated, but the grade for this table row is only summarized in the source highlights rather than a single commodity row.
- This is an incorporated technical report summary rather than a fresh announcement.
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
measuredPanuco-Copala Property · goldTonnes: 2860000Contained Metal: 214Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:72a8c6d9039cb59e12c0
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2860000
- Contained Metal
- 214
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Measured resource row is part of the updated Panuco MRE and establishes higher-confidence inventory.
Positive factors
- NI 43-101 compliant updated resource estimate is disclosed.
- Measured category is reported for the project.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Contained metal is stated, but the grade for this table row is only summarized in the source highlights rather than a single commodity row.
- This is an incorporated technical report summary rather than a fresh announcement.
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
measuredPanuco-Copala Property · leadTonnes: 2860000Contained Metal: 7.2Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:72a8c6d9039cb59e12c0
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2860000
- Contained Metal
- 7.2
- Contained Unit
- mlbs
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Measured lead inventory is explicitly included in the updated resource statement.
Positive factors
- NI 43-101 compliant updated resource estimate is disclosed.
- Measured category is reported for the project.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Contained metal is stated, but the grade for this table row is only summarized in the source highlights rather than a single commodity row.
- This is an incorporated technical report summary rather than a fresh announcement.
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
measuredPanuco-Copala Property · zincTonnes: 2860000Contained Metal: 17.4Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:72a8c6d9039cb59e12c0
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2860000
- Contained Metal
- 17.4
- Contained Unit
- mlbs
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Measured zinc inventory is explicitly included in the updated resource statement.
Positive factors
- NI 43-101 compliant updated resource estimate is disclosed.
- Measured category is reported for the project.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Contained metal is stated, but the grade for this table row is only summarized in the source highlights rather than a single commodity row.
- This is an incorporated technical report summary rather than a fresh announcement.
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
indicatedPanuco-Copala Property · silverTonnes: 10300000Contained Metal: 99.2Contained Unit: mozView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:682832edac1f96a94375
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10300000
- Contained Metal
- 99.2
- Contained Unit
- moz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Indicated silver inventory is a core part of the updated resource estimate.
Positive factors
- Indicated category provides meaningful geological confidence.
- NI 43-101 compliant updated resource estimate is disclosed.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Grade is not broken out in a single commodity row in the prose summary.
- This is an incorporated technical report summary rather than a fresh announcement.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
indicatedPanuco-Copala Property · goldTonnes: 10300000Contained Metal: 822Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:682832edac1f96a94375
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10300000
- Contained Metal
- 822
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Indicated gold inventory is a core part of the updated resource estimate.
Positive factors
- Indicated category provides meaningful geological confidence.
- NI 43-101 compliant updated resource estimate is disclosed.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Grade is not broken out in a single commodity row in the prose summary.
- This is an incorporated technical report summary rather than a fresh announcement.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
indicatedPanuco-Copala Property · leadTonnes: 10300000Contained Metal: 69.7Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:682832edac1f96a94375
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10300000
- Contained Metal
- 69.7
- Contained Unit
- mlbs
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Indicated lead inventory is a core part of the updated resource estimate.
Positive factors
- Indicated category provides meaningful geological confidence.
- NI 43-101 compliant updated resource estimate is disclosed.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Grade is not broken out in a single commodity row in the prose summary.
- This is an incorporated technical report summary rather than a fresh announcement.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
indicatedPanuco-Copala Property · zincTonnes: 10300000Contained Metal: 225.6Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:682832edac1f96a94375
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10300000
- Contained Metal
- 225.6
- Contained Unit
- mlbs
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Indicated zinc inventory is a core part of the updated resource estimate.
Positive factors
- Indicated category provides meaningful geological confidence.
- NI 43-101 compliant updated resource estimate is disclosed.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Grade is not broken out in a single commodity row in the prose summary.
- This is an incorporated technical report summary rather than a fresh announcement.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredPanuco-Copala Property · silverTonnes: 10500000Contained Metal: 73.6Contained Unit: mozView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:b8559522bcee265a1b5f
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Contained Metal
- 73.6
- Contained Unit
- moz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Inferred silver inventory expands the overall resource base but with lower confidence than M&I.
Positive factors
- Inferred resource is explicitly reported and therefore adds scale.
- NI 43-101 compliant updated resource estimate is disclosed.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Inferred category carries lower geological confidence.
- Grade is not broken out in a single commodity row in the prose summary.
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredPanuco-Copala Property · goldTonnes: 10500000Contained Metal: 660Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:b8559522bcee265a1b5f
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Contained Metal
- 660
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Inferred gold inventory expands the overall resource base but with lower confidence than M&I.
Positive factors
- Inferred resource is explicitly reported and therefore adds scale.
- NI 43-101 compliant updated resource estimate is disclosed.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Inferred category carries lower geological confidence.
- Grade is not broken out in a single commodity row in the prose summary.
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredPanuco-Copala Property · leadTonnes: 10500000Contained Metal: 31.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:b8559522bcee265a1b5f
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Contained Metal
- 31.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Inferred lead inventory is part of the resource statement.
Positive factors
- Inferred resource is explicitly reported and therefore adds scale.
- NI 43-101 compliant updated resource estimate is disclosed.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Inferred category carries lower geological confidence.
- Grade is not broken out in a single commodity row in the prose summary.
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredPanuco-Copala Property · zincTonnes: 10500000Contained Metal: 106.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Scott Elfen, Jonathan Cooper
- Resource group id
- resource:b8559522bcee265a1b5f
- Deposit or zone
- Panuco Project
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Contained Metal
- 106.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Inferred zinc inventory is part of the resource statement.
Positive factors
- Inferred resource is explicitly reported and therefore adds scale.
- NI 43-101 compliant updated resource estimate is disclosed.
- Cut-off grade and AgEq assumptions are disclosed.
Negative factors
- Inferred category carries lower geological confidence.
- Grade is not broken out in a single commodity row in the prose summary.
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
measuredPanuco · silverTonnes: 2860000Grade: 307Grade Unit: g/tView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:358eb4e6e213dde49dd1
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2860000
- Grade
- 307
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“307”
Context: 2.86
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredPanuco · goldTonnes: 2860000Grade: 2.49Grade Unit: g/tView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:358eb4e6e213dde49dd1
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2860000
- Grade
- 2.49
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.49”
Context: 2.86
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredPanuco · leadTonnes: 2860000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:358eb4e6e213dde49dd1
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2860000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.27”
Context: 2.86
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredPanuco · zincTonnes: 2860000Grade: 0.85Grade Unit: %View all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:358eb4e6e213dde49dd1
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 2860000
- Grade
- 0.85
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.85”
Context: 2.86
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPanuco · silverTonnes: 10500000Grade: 219Grade Unit: g/tView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 219
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“219”
Context: 10.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPanuco · goldTonnes: 10500000Grade: 1.96Grade Unit: g/tView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 1.96
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.96”
Context: 10.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPanuco · leadTonnes: 10500000Grade: 0.3Grade Unit: %View all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 0.3
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.30”
Context: 10.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPanuco · zincTonnes: 10500000Grade: 1.01Grade Unit: %View all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 1.01
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.01”
Context: 10.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (2)
whole ore leachPanuco-Copala Property · silverRecovery: 83 %View all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- whole ore leach
- Processing Route
- whole ore leaching
- Sample
- samples from all deposits
- Grind P80
- 63 µm
- Leach Time
- 96 hours
Recovery
- Recovery
- 83 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ALS Metallurgy
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Whole-ore silver leach recoveries show the ore can be leached directly at moderate to good recovery.
Positive factors
- Whole-ore leach results are reported across all deposits.
- Primary grind size and leach time are disclosed.
- Testing was completed at ALS Metallurgy.
Negative factors
- The recovery is a range and the circuit is only preliminary testwork.
- No reagent consumption is disclosed.
whole ore leachPanuco-Copala Property · goldRecovery: 90 %View all detailsHide details
Identity
- Project
- Panuco-Copala Property
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- whole ore leach
- Processing Route
- whole ore leaching
- Sample
- samples from all deposits
- Grind P80
- 63 µm
- Leach Time
- 96 hours
Recovery
- Recovery
- 90 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ALS Metallurgy
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: Whole-ore gold leach recoveries indicate strong extractability at the tested grind size.
Positive factors
- Whole-ore leach results are reported across all deposits.
- Primary grind size and leach time are disclosed.
- Testing was completed at ALS Metallurgy.
Negative factors
- The recovery is a range and the circuit is only preliminary testwork.
- No reagent consumption is disclosed.
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.