# Untitled mining news story

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab

Original source: https://www.sec.gov/Archives/edgar/data/1796073/000127956925000324/ex991.htm

Publisher: research

Original announcement: Unknown date

Analysis by Minestarters Atlas

Atlas analysis published: 2026-11-06T14:23:17.871Z

Atlas analysis updated: 2026-11-06T14:23:17.871Z

- Company: Vizsla Silver Corp.

- Ticker: VZLA

- Exchange: TSX

- Region: Sinaloa, Mexico

- Primary commodity: Silver

- Secondary commodities: Gold, Lead, Zinc

- Document categories: Drill results, Other

- Extracted: 2026-11-06 14:23:17 UTC

Narrative sentiment: 0.72 · Bullish

## Minestarters Atlas summary

Vizsla Silver reported a new high-grade discovery at the Animas vein system in hole AM-25-90 at the Panuco project in Mexico. The hole intersected 897 g/t AgEq over 5.85 m true width, including 2,256 g/t AgEq over 1.13 m true width, and the company said follow-up drilling is planned. The release also disclosed QA/QC procedures, certified laboratories, and Qualified Person approval.

Reasoning: The release reports a new discovery hole with very high silver-equivalent grades over meaningful true widths, which is materially positive for exploration upside. Confidence is strong because the assay table, true widths, QA/QC and equivalence assumptions are all disclosed, though the result is still an early-stage single-hole discovery.

- Positive factor: New high-grade discovery reported from hole AM-25-90

- Positive factor: True width disclosed for all highlighted intervals

- Positive factor: QA/QC and Qualified Person sign-off disclosed

- Positive factor: Metal equivalent assumptions disclosed in note

- Negative factor: AgEq relies on recoveries from a prior 2022 release

- Negative factor: Discovery is early-stage exploration and follow-up drilling is still planned

- Negative factor: Mineralization occurs below historic mine workings, so continuity remains unproven beyond one hole

Facts used in scoring: 32

## Classification and evidence

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: The release states "5.85 metres true width \(mTW\)" and the table includes "Estimated True width \(m\)".

Evidence · text

> 5.85 metres true width \(mTW\)

**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 names certified laboratories, QA/QC protocols, and a Qualified Person.

Evidence · text

> Control samples comprising certified reference samples, duplicates and blank samples

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The interval includes exceptionally high grades such as "2,256 g/t AgEq over 1.13 mTW" and "14.10 g/t gold".

Evidence · text

> 2,256 g/t AgEq over 1.13 mTW

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: Several assay rows are headline downhole intervals, and the release also notes a broader vein package from 118.70 to 138.55 down the hole.

Evidence · text

> from 118.70 to 138.55 down the hole

**Nearology Play**

Polarity: neutral

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

Why it applies: The discovery is positioned "approximately six kilometers to the northeast of the Copala resource area" and along the Animas vein system.

Evidence · text

> approximately six kilometers to the northeast of the Copala resource area

## Extracted facts

Stored fact records: 32. Some facts used in scoring do not have a stored record.

## Drill Results (32)

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-0)

along the Animas vein · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 653
- Grade Unit: g/t
- Intercept: 7.8 m
- True Width: 5.85 m
- From: 118.7 m
- To: 126.5 m
- Hole Depth: 201 m
- Intercept Depth: 118.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:118.7-126.5
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 897
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: This is a strong silver intercept with a substantial true width and strong polymetallic tenor. The result is materially positive, but novelty is tempered because the AgEq basis references prior metallurgical recoveries from 2022.

- Positive factor: High silver grade over a 5.85 m true width

- Positive factor: Part of a new discovery hole below historic workings

- Positive factor: True width and AgEq assumptions disclosed

- Positive factor: QA/QC and QP sign-off disclosed

- Negative factor: AgEq uses recovery assumptions from a prior 2022 metallurgical release

- Negative factor: Single-hole discovery so continuity is not yet demonstrated

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 5.85

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-1)

along the Animas vein · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 4.26
- Grade Unit: g/t
- Intercept: 7.8 m
- True Width: 5.85 m
- From: 118.7 m
- To: 126.5 m
- Hole Depth: 201 m
- Intercept Depth: 118.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:118.7-126.5
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 897
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: The 4.26 g/t gold component is strong in an epithermal vein setting and materially supports the discovery hole. Confidence is high because the interval, true width and QA/QC are clearly disclosed, but the value is still exploration-stage and tied to an AgEq calculation using older recovery assumptions.

- Positive factor: Gold grade accompanies the broad silver intercept

- Positive factor: True width disclosed

- Positive factor: Discovery hole context below historic mine workings

- Negative factor: AgEq assumptions are based on prior metallurgical recoveries

- Negative factor: Single-hole result so persistence is unproven

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 5.85

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-2)

along the Animas vein · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 7.8 m
- True Width: 5.85 m
- From: 118.7 m
- To: 126.5 m
- Hole Depth: 201 m
- Intercept Depth: 118.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:118.7-126.5
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 897
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Lead is present but at a low grade, so it is mainly supportive of the silver-equivalent calculation rather than a standalone value driver. The fact remains useful because it is part of the disclosed assay suite and the interval is fully documented.

- Positive factor: Lead is part of the reported polymetallic metal basket supporting AgEq

- Positive factor: Interval is well constrained by true width and collar data

- Negative factor: Lead grade itself is very low

- Negative factor: AgEq assumptions are derived from a prior 2022 metallurgical release

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 5.85

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-3)

along the Animas vein · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.04
- Grade Unit: %
- Intercept: 7.8 m
- True Width: 5.85 m
- From: 118.7 m
- To: 126.5 m
- Hole Depth: 201 m
- Intercept Depth: 118.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:118.7-126.5
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 897
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Zinc is a minor component of the interval and adds little standalone economic weight at the reported grade. Its main relevance is as a contributor to the stated silver-equivalent value.

- Positive factor: Zinc is included in the reported polymetallic package and in the AgEq calculation

- Negative factor: Zinc grade is very low

- Negative factor: AgEq assumptions are based on prior metallurgical recoveries

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 5.85

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-4)

along the Animas vein · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 1190
- Grade Unit: g/t
- Intercept: 1.75 m
- True Width: 1.31 m
- From: 119.75 m
- To: 121.5 m
- Hole Depth: 201 m
- Intercept Depth: 119.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:119.75-121.5
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 1379
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: This is a very high-grade silver subinterval and clearly material on a grade basis. It is strong but not a bonanza-width result because the interval is only 1.31 m true width.

- Positive factor: Very high silver grade over a narrow but clearly reported true width

- Positive factor: High-grade subinterval within the discovery hole

- Positive factor: QA/QC and true width disclosed

- Negative factor: AgEq assumptions are from a prior 2022 metallurgical release

- Negative factor: Narrower width reduces scale versus the broader parent interval

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.31

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-5)

along the Animas vein · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 4
- Grade Unit: g/t
- Intercept: 1.75 m
- True Width: 1.31 m
- From: 119.75 m
- To: 121.5 m
- Hole Depth: 201 m
- Intercept Depth: 119.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:119.75-121.5
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 1379
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: The gold grade is respectable and adds value to the already strong silver subinterval, but the narrow true width limits standalone scale. It is still a meaningful high-grade component of the discovery hole.

- Positive factor: Gold accompanies a very high-grade silver subinterval

- Positive factor: True width disclosed

- Negative factor: Narrow width limits scale

- Negative factor: AgEq assumptions are based on prior 2022 metallurgical recoveries

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.31

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-6)

along the Animas vein · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 1.75 m
- True Width: 1.31 m
- From: 119.75 m
- To: 121.5 m
- Hole Depth: 201 m
- Intercept Depth: 119.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:119.75-121.5
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 1379
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Lead is present only at trace levels in this narrow subinterval and is mainly relevant as an input to the AgEq calculation. It does not materially change the investment case by itself.

- Positive factor: Lead is part of the assay suite for the subinterval

- Negative factor: Very low lead grade

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.31

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-7)

along the Animas vein · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.04
- Grade Unit: %
- Intercept: 1.75 m
- True Width: 1.31 m
- From: 119.75 m
- To: 121.5 m
- Hole Depth: 201 m
- Intercept Depth: 119.75 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:119.75-121.5
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 1379
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Zinc is only a trace component here and does not materially affect the economics on its own. Its relevance is chiefly in the silver-equivalent calculation.

- Positive factor: Zinc is included in the assay suite

- Negative factor: Very low zinc grade

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.31

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-8)

along the Animas vein · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 1398
- Grade Unit: g/t
- Intercept: 1.5 m
- True Width: 1.13 m
- From: 124.35 m
- To: 125.85 m
- Hole Depth: 201 m
- Intercept Depth: 124.35 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:124.35-125.85
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 2256
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: This is an exceptional silver hit and the standout interval in the release. The width is narrow, but the grade is high enough to be highly material in an underground vein context.

- Positive factor: Exceptional silver grade over a short true width

- Positive factor: Highest-grade interval in the release

- Positive factor: True width disclosed

- Negative factor: Very narrow width limits bulk scale

- Negative factor: AgEq assumptions are based on a prior 2022 metallurgical release

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.13

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-9)

along the Animas vein · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 14.1
- Grade Unit: g/t
- Intercept: 1.5 m
- True Width: 1.13 m
- From: 124.35 m
- To: 125.85 m
- Hole Depth: 201 m
- Intercept Depth: 124.35 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:124.35-125.85
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 2256
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: The 14.10 g/t gold subinterval is exceptionally strong and materially enhances the discovery hole. Despite the narrow width, the grade is highly compelling in an underground vein setting.

- Positive factor: Very high gold grade over a short true width

- Positive factor: Complements the top silver interval in the release

- Positive factor: True width disclosed

- Negative factor: Narrow width limits bulk tonnage relevance

- Negative factor: AgEq assumptions are based on a prior 2022 metallurgical release

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.13

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-10)

along the Animas vein · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.04
- Grade Unit: %
- Intercept: 1.5 m
- True Width: 1.13 m
- From: 124.35 m
- To: 125.85 m
- Hole Depth: 201 m
- Intercept Depth: 124.35 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:124.35-125.85
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 2256
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Lead is only a trace component in the highest-grade subinterval. It does not drive value directly, but it is relevant to the silver-equivalent disclosure.

- Positive factor: Lead is part of the polymetallic assay suite

- Negative factor: Lead grade remains very low

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.13

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-11)

along the Animas vein · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.09
- Grade Unit: %
- Intercept: 1.5 m
- True Width: 1.13 m
- From: 124.35 m
- To: 125.85 m
- Hole Depth: 201 m
- Intercept Depth: 124.35 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:124.35-125.85
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 2256
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Zinc is present only in small amounts here and is mainly useful as a constituent of the reported AgEq calculation. It is not a standalone economic driver at this grade.

- Positive factor: Zinc is disclosed as part of the interval

- Negative factor: Zinc grade is low

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.13

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-12)

along the Animas vein · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 457
- Grade Unit: g/t
- Intercept: 3.1 m
- True Width: 2.6 m
- From: 131.2 m
- To: 134.3 m
- Hole Depth: 201 m
- Intercept Depth: 131.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:131.2-134.3
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 568
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: This is a solid silver interval with useful width, but it is less compelling than the higher-grade subzones reported above. It still contributes positively to the overall discovery picture.

- Positive factor: Broad silver interval with a clearly stated true width

- Positive factor: Adds support to the discovery envelope

- Negative factor: Grade is materially lower than the top subintervals

- Negative factor: AgEq assumptions are from a prior 2022 metallurgical release

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.6

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-13)

along the Animas vein · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 2
- Grade Unit: g/t
- Intercept: 3.1 m
- True Width: 2.6 m
- From: 131.2 m
- To: 134.3 m
- Hole Depth: 201 m
- Intercept Depth: 131.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:131.2-134.3
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 568
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: The 2.00 g/t gold interval is meaningful but not exceptional. It supports the broader mineralized envelope rather than standing out as the headline result.

- Positive factor: Gold present over a broader interval

- Positive factor: True width disclosed

- Negative factor: Grade is modest relative to the headline subintervals

- Negative factor: AgEq assumptions are based on prior 2022 metallurgical recoveries

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.6

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-14)

along the Animas vein · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.08
- Grade Unit: %
- Intercept: 3.1 m
- True Width: 2.6 m
- From: 131.2 m
- To: 134.3 m
- Hole Depth: 201 m
- Intercept Depth: 131.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:131.2-134.3
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 568
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Lead remains a minor constituent in this broader interval and is only tangentially relevant through the AgEq calculation.

- Positive factor: Lead is part of the assay suite

- Negative factor: Trace-level lead

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.6

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-15)

along the Animas vein · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.18
- Grade Unit: %
- Intercept: 3.1 m
- True Width: 2.6 m
- From: 131.2 m
- To: 134.3 m
- Hole Depth: 201 m
- Intercept Depth: 131.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:131.2-134.3
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 568
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Zinc is a minor component in this interval and does not materially alter the economic significance on its own. It is relevant primarily because it contributes to the AgEq value.

- Positive factor: Zinc is included in the polymetallic interval

- Negative factor: Grade is low

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 2.6

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-16)

along the Animas vein · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 814
- Grade Unit: g/t
- Intercept: 1.3 m
- True Width: 1.09 m
- From: 132 m
- To: 133.3 m
- Hole Depth: 201 m
- Intercept Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:132.0-133.3
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 1000
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: This is a strong silver subinterval and a clear positive within the discovery hole. The width is narrow, so the result is better viewed as a high-grade shoot than as a bulk-tonnage interval.

- Positive factor: High silver grade over a very narrow true width

- Positive factor: Supports the broader discovery envelope

- Positive factor: True width disclosed

- Negative factor: Narrow width limits bulk tonnage relevance

- Negative factor: AgEq assumptions are based on prior 2022 metallurgical recoveries

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.09

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-17)

along the Animas vein · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 3.42
- Grade Unit: g/t
- Intercept: 1.3 m
- True Width: 1.09 m
- From: 132 m
- To: 133.3 m
- Hole Depth: 201 m
- Intercept Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:132.0-133.3
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 1000
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: The gold grade is supportive and meaningful, but the very narrow width limits the interval's bulk significance. It remains a positive component of the discovery result.

- Positive factor: Gold accompanies the high-grade silver subinterval

- Positive factor: True width disclosed

- Negative factor: Narrow width limits scale

- Negative factor: AgEq assumptions are based on prior 2022 metallurgical recoveries

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.09

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-18)

along the Animas vein · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 1.3 m
- True Width: 1.09 m
- From: 132 m
- To: 133.3 m
- Hole Depth: 201 m
- Intercept Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:132.0-133.3
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 1000
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Lead is a minor constituent in this interval and is relevant mainly as a contributor to the equivalent calculation.

- Positive factor: Lead is included in the assay suite

- Negative factor: Trace-level lead

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.09

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### AM-25-90

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-19)

along the Animas vein · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: AM-25-90
- Project: along the Animas vein
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.24
- Grade Unit: %
- Intercept: 1.3 m
- True Width: 1.09 m
- From: 132 m
- To: 133.3 m
- Hole Depth: 201 m
- Intercept Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: AM-25-90:132.0-133.3
- Mining Method: underground

#### Location

- Location: Animas
- Easting: 409080
- Northing: 2589578
- CRS: WGS84, Zone 13
- Elevation: 810 m
- Azimuth: 76.6 °
- Dip: 87 °
- Loc. Source: document

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: lead, zinc

#### Metal Equivalent

- Metal Eq. Grade: 1000
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-02-17T00:00:00.000Z

Reasoning: Zinc remains only a minor constituent in this subinterval and does not materially drive value by itself.

- Positive factor: Zinc is included in the interval

- Negative factor: Low zinc grade

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.09

**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

**Deleterious Elements Present**

Polarity: negative

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious\_flag is true

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-20)

Panuco · silver

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 1190
- Grade Unit: g/t
- Intercept: 1.75 m
- True Width: 1.31 m
- From: 119.75 m
- To: 121.5 m
- Intercept Depth: 119.75 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:119.75-121.5
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1379
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1190 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 2082.5 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 1190 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 119.75 121.50 1.75 1.31 1,190 4.00 0.02 0.04 1,379

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.31

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-21)

Panuco · gold

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 4
- Grade Unit: g/t
- Intercept: 1.75 m
- True Width: 1.31 m
- From: 119.75 m
- To: 121.5 m
- Intercept Depth: 119.75 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:119.75-121.5
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1379
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 4 g/t gold is moderate against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 7.0 g/t·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 119.75 121.50 1.75 1.31 1,190 4.00 0.02 0.04 1,379

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.31

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-22)

Panuco · lead

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.02
- Grade Unit: %
- Intercept: 1.75 m
- True Width: 1.31 m
- From: 119.75 m
- To: 121.5 m
- Intercept Depth: 119.75 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:119.75-121.5
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1379
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.02 % lead is below against the default band \[10, 6, 3, 1\] %. Grade×width 0.0 %·m is below.

- Negative factor: 0.02 % lead is below the weak threshold \(1 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 119.75 121.50 1.75 1.31 1,190 4.00 0.02 0.04 1,379

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.31

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-23)

Panuco · zinc

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.04
- Grade Unit: %
- Intercept: 1.75 m
- True Width: 1.31 m
- From: 119.75 m
- To: 121.5 m
- Intercept Depth: 119.75 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:119.75-121.5
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1379
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.04 % zinc is below against the default band \[18, 10, 5, 2\] %. Grade×width 0.1 %·m is below.

- Negative factor: 0.04 % zinc is below the weak threshold \(2 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 119.75 121.50 1.75 1.31 1,190 4.00 0.02 0.04 1,379

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.31

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-24)

Panuco · silver

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 1398
- Grade Unit: g/t
- Intercept: 1.5 m
- True Width: 1.13 m
- From: 124.35 m
- To: 125.85 m
- Intercept Depth: 124.35 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:124.35-125.85
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 2256
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 1398 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 2097.0 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 1398 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 124.35 125.85 1.50 1.13 1,398 14.10 0.04 0.09 2,256

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.13

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-25)

Panuco · gold

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 14.1
- Grade Unit: g/t
- Intercept: 1.5 m
- True Width: 1.13 m
- From: 124.35 m
- To: 125.85 m
- Intercept Depth: 124.35 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:124.35-125.85
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 2256
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 14.1 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 21.1 g/t·m is weak \(grade alone is strong; the better of the two is used\).

- Positive factor: 14.1 g/t gold is strong on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 124.35 125.85 1.50 1.13 1,398 14.10 0.04 0.09 2,256

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.13

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-26)

Panuco · lead

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.04
- Grade Unit: %
- Intercept: 1.5 m
- True Width: 1.13 m
- From: 124.35 m
- To: 125.85 m
- Intercept Depth: 124.35 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:124.35-125.85
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 2256
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.04 % lead is below against the default band \[10, 6, 3, 1\] %. Grade×width 0.1 %·m is below.

- Negative factor: 0.04 % lead is below the weak threshold \(1 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 124.35 125.85 1.50 1.13 1,398 14.10 0.04 0.09 2,256

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.13

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-27)

Panuco · zinc

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.09
- Grade Unit: %
- Intercept: 1.5 m
- True Width: 1.13 m
- From: 124.35 m
- To: 125.85 m
- Intercept Depth: 124.35 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:124.35-125.85
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 2256
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.09 % zinc is below against the default band \[18, 10, 5, 2\] %. Grade×width 0.1 %·m is below.

- Negative factor: 0.09 % zinc is below the weak threshold \(2 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 124.35 125.85 1.50 1.13 1,398 14.10 0.04 0.09 2,256

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.13

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-28)

Panuco · silver

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: silver
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 814
- Grade Unit: g/t
- Intercept: 1.3 m
- True Width: 1.09 m
- From: 132 m
- To: 133.3 m
- Intercept Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:132-133.3
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1000
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 814 g/t silver is exceptional against the default band \[500, 200, 100, 30\] g/t. Grade×width 1058.2 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 814 g/t silver is exceptional on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 132.00 133.30 1.30 1.09 814 3.42 0.11 0.24 1,000

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.09

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-29)

Panuco · gold

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 3.42
- Grade Unit: g/t
- Intercept: 1.3 m
- True Width: 1.09 m
- From: 132 m
- To: 133.3 m
- Intercept Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:132-133.3
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1000
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 3.42 g/t gold is weak against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 4.4 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 132.00 133.30 1.30 1.09 814 3.42 0.11 0.24 1,000

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.09

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-30)

Panuco · lead

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: lead
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 1.3 m
- True Width: 1.09 m
- From: 132 m
- To: 133.3 m
- Intercept Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:132-133.3
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1000
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.11 % lead is below against the default band \[10, 6, 3, 1\] %. Grade×width 0.1 %·m is below.

- Negative factor: 0.11 % lead is below the weak threshold \(1 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 132.00 133.30 1.30 1.09 814 3.42 0.11 0.24 1,000

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.09

**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

### Includes

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--e7cb7d73-c7d1-4953-9108-9211cb03aeab#fact-drill-facts-31)

Panuco · zinc

#### Identity

- Hole ID: Includes
- Project: Panuco
- Commodity: zinc
- Region: mexico
- Reported Region: mexico
- Ticker: VZLA

#### Geometry

- Grade: 0.24
- Grade Unit: %
- Intercept: 1.3 m
- True Width: 1.09 m
- From: 132 m
- To: 133.3 m
- Intercept Depth: 132 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: Includes:132-133.3
- Mining Method: underground

#### Location

- CRS: WGS84, Zone 13

#### QA/QC

- Laboratory: ALS and SGS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Metal Eq. Grade: 1000
- Metal Eq. Unit: g/t Eq
- Assumptions Disclosed: Yes

#### Review

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

Reasoning: Expanded from assay table. 0.24 % zinc is below against the default band \[18, 10, 5, 2\] %. Grade×width 0.3 %·m is below.

- Negative factor: 0.24 % zinc is below the weak threshold \(2 %\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> Includes 132.00 133.30 1.30 1.09 814 3.42 0.11 0.24 1,000

Context: Table 1: Downhole drill intersections from hole AM-25-90. · Includes · Columns: Drillhole \| From \(m\) \| To \(m\) \| Downhole Length \(m\) \| Estimated True width \(m\) \| Ag \(g/t\) \| Au \(g/t\) \| Pb % \| Zn % \| AgEq \(g/t\) \| Vein \|  \|

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 1.09

**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

## 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.
