Silver Tiger Announces a PEA for the Underground with an After Tax NPV of US$304m and an Updated PFS for the Stockwork Zone with an After Tax NPV of US$456m at the El Tigre Silver-Gold Project, Sonora, Mexico
Original announcement by tmx on
- Company
- Silver Tiger Metals Inc.
- Ticker
- SLVR
- Exchange
- TSX
- Region
- Sonora, Mexico
- Primary commodity
- Silver
- Secondary commodities
- Gold, Copper, Lead, Zinc
- Document categories
- Resource update, Economic study, Metallurgy
- Extracted
- 2026-09-16 22:58:08 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Tiger Metals announced a Preliminary Economic Assessment (PEA) for the underground portion of its El Tigre Silver-Gold Project, showing an after-tax NPV of US$304 million and an IRR of 42.8%. Concurrently, an updated Pre-Feasibility Study (PFS) for the Stockwork Zone reported an after-tax NPV of US$456 million and an IRR of 65.7%. Both studies are based on consensus metal prices and indicate robust economics with fast payback periods. The company also released an updated Mineral Resource Estimate, highlighting significant increases in contained metal and grade for certain categories.
Reasoning: The announcement presents highly positive economic results for both the underground PEA and the updated Stockwork Zone PFS, demonstrating strong project viability. The resource update also shows significant growth and improved confidence. The studies are well-supported by QP sign-offs and compliant with NI 43-101, indicating a high level of confidence in the reported figures.
Positive factors
- Two robust economic studies (PEA and PFS) presented for different project components, showing strong after-tax NPVs and IRRs.
- Significant contained metal growth and grade increases in the updated Mineral Resource Estimate, particularly for out-of-pit M&I resources.
- Fast payback periods for both the PEA and PFS scenarios.
- Metallurgical test work completed by reputable laboratories with good recoveries for gold and silver.
- Studies and estimates are NI 43-101 compliant with multiple Qualified Persons named.
Negative factors
- The PEA is a preliminary study and not bankable.
- Base metals provide no economic benefit under the proposed cyanidation process for the underground PEA.
- The PFS uses higher metal prices than a previous 2024 PFS, which could inflate economics if prices decline.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 134
Classification and evidence
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
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: 134. Some facts used in scoring do not have a stored record.
Resource Estimates (132)
provenEl Tigre · goldTonnes: 19564000Grade: 0.4Grade Unit: g/tContained Metal: 252Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:09e3a8884296e44bb5c9
- Deposit or zone
- Oxide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 19564000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 252
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The proven oxide gold reserve contributes significantly to the project's economic viability and de-risking.
Positive factors
- Proven reserve classification indicates high confidence.
- Good gold grade for an open pit oxide reserve.
Evidence · table
“0.4”
Context: 19,564
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenEl Tigre · silverTonnes: 19564000Grade: 16.4Grade Unit: g/tContained Metal: 10316Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:09e3a8884296e44bb5c9
- Deposit or zone
- Oxide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 19564000
- Grade
- 16.4
- Grade Unit
- g/t
- Contained Metal
- 10316
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The proven oxide silver reserve contributes significantly to the project's economic viability and de-risking.
Positive factors
- Proven reserve classification indicates high confidence.
- Good silver grade for an open pit oxide reserve.
Evidence · table
“16.4”
Context: 19,564
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenEl Tigre · goldTonnes: 4655000Grade: 0.52Grade Unit: g/tContained Metal: 78Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:8fb70918f3e438e790e4
- Deposit or zone
- Sulphide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4655000
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 78
- Contained Unit
- koz
- Cutoff Grade
- 0.16
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The proven sulphide gold reserve adds to the project's overall economic robustness.
Positive factors
- Proven reserve classification indicates high confidence.
- Good gold grade for an open pit sulphide reserve.
Evidence · table
“0.52”
Context: 4,655
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenEl Tigre · silverTonnes: 4655000Grade: 7.6Grade Unit: g/tContained Metal: 1137Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:8fb70918f3e438e790e4
- Deposit or zone
- Sulphide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4655000
- Grade
- 7.6
- Grade Unit
- g/t
- Contained Metal
- 1137
- Contained Unit
- koz
- Cutoff Grade
- 0.16
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The proven sulphide silver reserve contributes to the overall project, though the grade is on the lower side.
Positive factors
- Proven reserve classification indicates high confidence.
Negative factors
- Silver grade of 7.6 g/t for sulphide material is relatively low.
Evidence · table
“7.6”
Context: 4,655
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · goldTonnes: 14800000Grade: 0.37Grade Unit: g/tContained Metal: 176Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:01af5d70ab0e3ff74cb3
- Deposit or zone
- Oxide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 14800000
- Grade
- 0.37
- Grade Unit
- g/t
- Contained Metal
- 176
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade.
Positive factors
- Probable reserve classification indicates reasonable confidence.
Negative factors
- Gold grade of 0.37 g/t for oxide material is moderate.
Evidence · table
“0.37”
Context: 14,800
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · silverTonnes: 14800000Grade: 13.7Grade Unit: g/tContained Metal: 6519Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:01af5d70ab0e3ff74cb3
- Deposit or zone
- Oxide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 14800000
- Grade
- 13.7
- Grade Unit
- g/t
- Contained Metal
- 6519
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The probable oxide silver reserve adds to the project's overall resource base, though at a moderate grade.
Positive factors
- Probable reserve classification indicates reasonable confidence.
Negative factors
- Silver grade of 13.7 g/t for oxide material is moderate.
Evidence · table
“13.7”
Context: 14,800
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · goldTonnes: 1272000Grade: 0.43Grade Unit: g/tContained Metal: 18Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:5efaa38c5820b829d1e6
- Deposit or zone
- Sulphide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1272000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 18
- Contained Unit
- koz
- Cutoff Grade
- 0.16
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The probable sulphide gold reserve contributes to the project's overall resource base, though at a moderate grade.
Positive factors
- Probable reserve classification indicates reasonable confidence.
Negative factors
- Gold grade of 0.43 g/t for sulphide material is moderate.
Evidence · table
“0.43”
Context: 1,272
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · silverTonnes: 1272000Grade: 33.8Grade Unit: g/tContained Metal: 1382Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:5efaa38c5820b829d1e6
- Deposit or zone
- Sulphide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1272000
- Grade
- 33.8
- Grade Unit
- g/t
- Contained Metal
- 1382
- Contained Unit
- koz
- Cutoff Grade
- 0.16
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The probable sulphide silver reserve adds to the project's overall resource base with a good grade.
Positive factors
- Probable reserve classification indicates reasonable confidence.
- Good silver grade for an open pit sulphide reserve.
Evidence · table
“33.8”
Context: 1,272
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · goldTonnes: 34365000Grade: 0.39Grade Unit: g/tContained Metal: 428Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:a013f25b66e0d18fae83
- Deposit or zone
- Oxide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 34365000
- Grade
- 0.39
- Grade Unit
- g/t
- Contained Metal
- 428
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The combined Proven and Probable oxide gold reserve provides a strong foundation for the project's economics.
Positive factors
- Combined Proven and Probable classification indicates high confidence.
- Good contained gold metal in oxide material.
Evidence · table
“0.39”
Context: 34,365
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · silverTonnes: 34365000Grade: 15.2Grade Unit: g/tContained Metal: 16834Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:a013f25b66e0d18fae83
- Deposit or zone
- Oxide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 34365000
- Grade
- 15.2
- Grade Unit
- g/t
- Contained Metal
- 16834
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The combined Proven and Probable oxide silver reserve provides a strong foundation for the project's economics.
Positive factors
- Combined Proven and Probable classification indicates high confidence.
- Good contained silver metal in oxide material.
Evidence · table
“15.2”
Context: 34,365
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · goldTonnes: 5928000Grade: 0.5Grade Unit: g/tContained Metal: 95Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:fbbcbe03c0d28c3b2aaa
- Deposit or zone
- Sulphide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 5928000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 95
- Contained Unit
- koz
- Cutoff Grade
- 0.16
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The combined Proven and Probable sulphide gold reserve adds to the project's overall economic robustness.
Positive factors
- Combined Proven and Probable classification indicates high confidence.
- Good contained gold metal in sulphide material.
Evidence · table
“0.5”
Context: 5,928
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · silverTonnes: 5928000Grade: 13.2Grade Unit: g/tContained Metal: 2520Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:fbbcbe03c0d28c3b2aaa
- Deposit or zone
- Sulphide
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 5928000
- Grade
- 13.2
- Grade Unit
- g/t
- Contained Metal
- 2520
- Contained Unit
- koz
- Cutoff Grade
- 0.16
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The combined Proven and Probable sulphide silver reserve contributes to the project's overall resource base, though at a moderate grade.
Positive factors
- Combined Proven and Probable classification indicates high confidence.
Negative factors
- Silver grade of 13.2 g/t for sulphide material is moderate.
Evidence · table
“13.2”
Context: 5,928
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · goldTonnes: 40292000Grade: 0.4Grade Unit: g/tContained Metal: 523Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:133da258e78623f5ac30
- Deposit or zone
- Total 2P
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 40292000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 523
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The total Proven and Probable gold reserve provides a substantial and high-confidence base for the project's economic studies.
Positive factors
- Large total Proven and Probable gold reserve.
- High confidence in the reserve classification.
Evidence · table
“0.4”
Context: 40,292
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · silverTonnes: 40292000Grade: 14.9Grade Unit: g/tContained Metal: 19354Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:133da258e78623f5ac30
- Deposit or zone
- Total 2P
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 40292000
- Grade
- 14.9
- Grade Unit
- g/t
- Contained Metal
- 19354
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The total Proven and Probable silver reserve provides a substantial and high-confidence base for the project's economic studies.
Positive factors
- Large total Proven and Probable silver reserve.
- High confidence in the reserve classification.
Evidence · table
“14.9”
Context: 40,292
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 27732000Grade: 0.54Grade Unit: g/tContained Metal: 609Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:6c0fa144ca2250f1de89
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 27732000
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 609
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves.
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.54”
Context: 27,732
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 27732000Grade: 39Grade Unit: g/tContained Metal: 35034Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:6c0fa144ca2250f1de89
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 27732000
- Grade
- 39
- Grade Unit
- g/t
- Contained Metal
- 35034
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured silver resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves.
Positive factors
- Measured resource classification indicates high geological confidence.
- Good silver grade for pit-constrained oxide material.
Evidence · table
“39”
Context: 27,732
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 19804000Grade: 0.36Grade Unit: g/tContained Metal: 75Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:74bc5f88ffdb647d6173
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 19804000
- Grade
- 0.36
- Grade Unit
- g/t
- Contained Metal
- 75
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.36”
Context: 19,804
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 19804000Grade: 10Grade Unit: g/tContained Metal: 6593Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:74bc5f88ffdb647d6173
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 19804000
- Grade
- 10
- Grade Unit
- g/t
- Contained Metal
- 6593
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated silver resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Silver grade of 10 g/t for pit-constrained oxide material is moderate.
Evidence · table
“10”
Context: 19,804
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 4475000Grade: 0.38Grade Unit: g/tContained Metal: 18Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:fb4202c20909250b3525
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4475000
- Grade
- 0.38
- Grade Unit
- g/t
- Contained Metal
- 18
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.38”
Context: 4,475
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 4475000Grade: 10Grade Unit: g/tContained Metal: 1453Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:fb4202c20909250b3525
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4475000
- Grade
- 10
- Grade Unit
- g/t
- Contained Metal
- 1453
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred silver resource provides exploration upside but requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Silver grade of 10 g/t for pit-constrained oxide material is moderate.
Evidence · table
“10”
Context: 4,475
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 6031000Grade: 0.54Grade Unit: g/tContained Metal: 105Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:981058f5676ea9e1d8de
- Deposit or zone
- Pit-Constrained Sulphide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 6031000
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 105
- Contained Unit
- koz
- Cutoff Grade
- 0.12
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained sulphide zone provides a high-confidence base for future studies.
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained sulphide material.
Evidence · table
“0.54”
Context: 6,031
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 6031000Grade: 31Grade Unit: g/tContained Metal: 6042Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:981058f5676ea9e1d8de
- Deposit or zone
- Pit-Constrained Sulphide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 6031000
- Grade
- 31
- Grade Unit
- g/t
- Contained Metal
- 6042
- Contained Unit
- koz
- Cutoff Grade
- 0.12
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured silver resource in the pit-constrained sulphide zone provides a high-confidence base for future studies.
Positive factors
- Measured resource classification indicates high geological confidence.
- Good silver grade for pit-constrained sulphide material.
Evidence · table
“31”
Context: 6,031
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 1723000Grade: 0.46Grade Unit: g/tContained Metal: 25Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:ef11d21d537dd07e5243
- Deposit or zone
- Pit-Constrained Sulphide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1723000
- Grade
- 0.46
- Grade Unit
- g/t
- Contained Metal
- 25
- Contained Unit
- koz
- Cutoff Grade
- 0.12
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained sulphide zone adds to the project's resource base, though at a moderate grade.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.46 g/t for pit-constrained sulphide material is moderate.
Evidence · table
“0.46”
Context: 1,723
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 1723000Grade: 14Grade Unit: g/tContained Metal: 756Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:ef11d21d537dd07e5243
- Deposit or zone
- Pit-Constrained Sulphide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1723000
- Grade
- 14
- Grade Unit
- g/t
- Contained Metal
- 756
- Contained Unit
- koz
- Cutoff Grade
- 0.12
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated silver resource in the pit-constrained sulphide zone adds to the project's resource base, though at a moderate grade.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Silver grade of 14 g/t for pit-constrained sulphide material is moderate.
Evidence · table
“14”
Context: 1,723
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 463000Grade: 0.52Grade Unit: g/tContained Metal: 8Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:0f3464f69c428ed82c81
- Deposit or zone
- Pit-Constrained Sulphide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 463000
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 8
- Contained Unit
- koz
- Cutoff Grade
- 0.12
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.52 g/t for pit-constrained sulphide material is moderate.
Evidence · table
“0.52”
Context: 463
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 463000Grade: 74Grade Unit: g/tContained Metal: 1096Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:0f3464f69c428ed82c81
- Deposit or zone
- Pit-Constrained Sulphide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 463000
- Grade
- 74
- Grade Unit
- g/t
- Contained Metal
- 1096
- Contained Unit
- koz
- Cutoff Grade
- 0.12
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred silver resource in the pit-constrained sulphide zone provides exploration upside with a good grade, but requires further drilling to upgrade confidence.
Positive factors
- Good silver grade for pit-constrained sulphide inferred resource.
Negative factors
- Inferred resource classification has lower geological confidence.
Evidence · table
“74”
Context: 463
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 1010000Grade: 1.05Grade Unit: g/tContained Metal: 34Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:9a98040ccbb907e78d40
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010000
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 34
- Contained Unit
- koz
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The high-grade measured gold resource in the out-of-pit category represents a valuable component for potential underground mining.
Positive factors
- High gold grade for out-of-pit measured resource.
- Measured resource classification indicates high geological confidence.
Evidence · table
“1.05”
Context: 1,010
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 1010000Grade: 453Grade Unit: g/tContained Metal: 14698Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:9a98040ccbb907e78d40
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010000
- Grade
- 453
- Grade Unit
- g/t
- Contained Metal
- 14698
- Contained Unit
- koz
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The exceptionally high-grade measured silver resource in the out-of-pit category is a significant positive, indicating strong potential for underground mining.
Positive factors
- Exceptional silver grade for out-of-pit measured resource.
- Measured resource classification indicates high geological confidence.
Evidence · table
“453”
Context: 1,010
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · copperTonnes: 1010000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:9a98040ccbb907e78d40
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured copper resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver.
Positive factors
- Measured resource classification indicates high geological confidence.
Negative factors
- Copper grade of 0.13% is weak and likely not economic as a primary commodity.
Evidence · table
“0.13”
Context: 1,010
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · leadTonnes: 1010000Grade: 0.54Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:9a98040ccbb907e78d40
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010000
- Grade
- 0.54
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured lead resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver.
Positive factors
- Measured resource classification indicates high geological confidence.
Negative factors
- Lead grade of 0.54% is weak and likely not economic as a primary commodity.
Evidence · table
“0.54”
Context: 1,010
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · zincTonnes: 1010000Grade: 0.92Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:9a98040ccbb907e78d40
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010000
- Grade
- 0.92
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured zinc resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver.
Positive factors
- Measured resource classification indicates high geological confidence.
Negative factors
- Zinc grade of 0.92% is weak and likely not economic as a primary commodity.
Evidence · table
“0.92”
Context: 1,010
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 1374000Grade: 1.05Grade Unit: g/tContained Metal: 47Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:a2f5a2c38f312a68b6dd
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374000
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 47
- Contained Unit
- koz
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The high-grade indicated gold resource in the out-of-pit category represents a valuable component for potential underground mining.
Positive factors
- High gold grade for out-of-pit indicated resource.
- Indicated resource classification provides reasonable geological confidence.
Evidence · table
“1.05”
Context: 1,374
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 1374000Grade: 398Grade Unit: g/tContained Metal: 17588Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:a2f5a2c38f312a68b6dd
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374000
- Grade
- 398
- Grade Unit
- g/t
- Contained Metal
- 17588
- Contained Unit
- koz
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The exceptionally high-grade indicated silver resource in the out-of-pit category is a significant positive, indicating strong potential for underground mining.
Positive factors
- Exceptional silver grade for out-of-pit indicated resource.
- Indicated resource classification provides reasonable geological confidence.
Evidence · table
“398”
Context: 1,374
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · copperTonnes: 1374000Grade: 0.08Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:a2f5a2c38f312a68b6dd
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374000
- Grade
- 0.08
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated copper resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Copper grade of 0.08% is weak and likely not economic as a primary commodity.
Evidence · table
“0.08”
Context: 1,374
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · leadTonnes: 1374000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:a2f5a2c38f312a68b6dd
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated lead resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Lead grade of 0.24% is weak and likely not economic as a primary commodity.
Evidence · table
“0.24”
Context: 1,374
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · zincTonnes: 1374000Grade: 0.41Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:a2f5a2c38f312a68b6dd
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374000
- Grade
- 0.41
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated zinc resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Zinc grade of 0.41% is weak and likely not economic as a primary commodity.
Evidence · table
“0.41”
Context: 1,374
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 4100000Grade: 1.58Grade Unit: g/tContained Metal: 208Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b028beec620db3ab9e96
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 1.58
- Grade Unit
- g/t
- Contained Metal
- 208
- Contained Unit
- koz
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The high-grade inferred gold resource in the out-of-pit category provides significant exploration upside for potential underground mining.
Positive factors
- High gold grade for out-of-pit inferred resource.
Negative factors
- Inferred resource classification has lower geological confidence.
Evidence · table
“1.58”
Context: 4,100
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 4100000Grade: 294Grade Unit: g/tContained Metal: 38822Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b028beec620db3ab9e96
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 294
- Grade Unit
- g/t
- Contained Metal
- 38822
- Contained Unit
- koz
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The exceptionally high-grade inferred silver resource in the out-of-pit category provides significant exploration upside for potential underground mining.
Positive factors
- Exceptional silver grade for out-of-pit inferred resource.
Negative factors
- Inferred resource classification has lower geological confidence.
Evidence · table
“294”
Context: 4,100
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · copperTonnes: 4100000Grade: 0.32Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b028beec620db3ab9e96
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 0.32
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred copper resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver, and requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Copper grade of 0.32% is weak and likely not economic as a primary commodity.
Evidence · table
“0.32”
Context: 4,100
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · leadTonnes: 4100000Grade: 0.75Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b028beec620db3ab9e96
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 0.75
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred lead resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver, and requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Lead grade of 0.75% is weak and likely not economic as a primary commodity.
Evidence · table
“0.75”
Context: 4,100
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · zincTonnes: 4100000Grade: 0.89Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b028beec620db3ab9e96
- Deposit or zone
- Out-Of-Pit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 0.89
- Grade Unit
- %
- Cutoff Grade
- 1.28
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred zinc resource is present but at a very low grade, suggesting it is a minor byproduct rather than a primary economic driver, and requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Zinc grade of 0.89% is weak and likely not economic as a primary commodity.
Evidence · table
“0.89”
Context: 4,100
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 146000Grade: 0.29Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:6ec2756469805435af4b
- Deposit or zone
- Tailings
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 146000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.45
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in tailings provides a small, low-grade component that could be reprocessed.
Positive factors
- Measured resource classification indicates high geological confidence.
Negative factors
- Gold grade of 0.29 g/t for tailings is low.
Evidence · table
“0.29”
Context: 146
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 146000Grade: 79Grade Unit: g/tContained Metal: 371Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:6ec2756469805435af4b
- Deposit or zone
- Tailings
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 146000
- Grade
- 79
- Grade Unit
- g/t
- Contained Metal
- 371
- Contained Unit
- koz
- Cutoff Grade
- 0.45
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured silver resource in tailings provides a small, good-grade component that could be reprocessed.
Positive factors
- Measured resource classification indicates high geological confidence.
- Good silver grade for tailings material.
Evidence · table
“79”
Context: 146
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 706000Grade: 0.26Grade Unit: g/tContained Metal: 6Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:95264a442de021a03d89
- Deposit or zone
- Tailings
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 706000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 6
- Contained Unit
- koz
- Cutoff Grade
- 0.45
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in tailings provides a small, low-grade component that could be reprocessed.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.26 g/t for tailings is low.
Evidence · table
“0.26”
Context: 706
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 706000Grade: 77Grade Unit: g/tContained Metal: 1752Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:95264a442de021a03d89
- Deposit or zone
- Tailings
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 706000
- Grade
- 77
- Grade Unit
- g/t
- Contained Metal
- 1752
- Contained Unit
- koz
- Cutoff Grade
- 0.45
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated silver resource in tailings provides a small, good-grade component that could be reprocessed.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
- Good silver grade for tailings material.
Evidence · table
“77”
Context: 706
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 52000Grade: 0.27Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:637a7932669db22fbdfc
- Deposit or zone
- Tailings
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 52000
- Grade
- 0.27
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.45
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource in tailings provides a small, low-grade component that could be reprocessed, but requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.27 g/t for tailings is low.
Evidence · table
“0.27”
Context: 52
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 52000Grade: 81Grade Unit: g/tContained Metal: 134Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:637a7932669db22fbdfc
- Deposit or zone
- Tailings
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 52000
- Grade
- 81
- Grade Unit
- g/t
- Contained Metal
- 134
- Contained Unit
- koz
- Cutoff Grade
- 0.45
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred silver resource in tailings provides a small, good-grade component that could be reprocessed, but requires further drilling to upgrade confidence.
Positive factors
- Good silver grade for tailings material.
Negative factors
- Inferred resource classification has lower geological confidence.
Evidence · table
“81”
Context: 52
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 101000Grade: 0.92Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:11e0d53b4ee9262cdb27
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101000
- Grade
- 0.92
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the stockpile provides a small, good-grade component that can be readily processed.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
- Good gold grade for stockpile material.
Evidence · table
“0.92”
Context: 101
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 101000Grade: 181Grade Unit: g/tContained Metal: 586Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:11e0d53b4ee9262cdb27
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101000
- Grade
- 181
- Grade Unit
- g/t
- Contained Metal
- 586
- Contained Unit
- koz
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated silver resource in the stockpile provides a small, high-grade component that can be readily processed.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
- High silver grade for stockpile material.
Evidence · table
“181”
Context: 101
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · copperTonnes: 101000Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:11e0d53b4ee9262cdb27
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101000
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated copper resource in the stockpile is present but at a negligible grade, indicating it is a trace element.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Copper grade of 0.02% is very weak and likely not economic.
Evidence · table
“0.02”
Context: 101
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · leadTonnes: 101000Grade: 0.23Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:11e0d53b4ee9262cdb27
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101000
- Grade
- 0.23
- Grade Unit
- %
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated lead resource in the stockpile is present but at a negligible grade, indicating it is a trace element.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Lead grade of 0.23% is very weak and likely not economic.
Evidence · table
“0.23”
Context: 101
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · zincTonnes: 101000Grade: 0.1Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:11e0d53b4ee9262cdb27
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101000
- Grade
- 0.1
- Grade Unit
- %
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated zinc resource in the stockpile is present but at a negligible grade, indicating it is a trace element.
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Zinc grade of 0.10% is very weak and likely not economic.
Evidence · table
“0.10”
Context: 101
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 18000Grade: 0.46Grade Unit: g/tContained Metal: 0.3Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:8d535c5d9d02f6774ed4
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18000
- Grade
- 0.46
- Grade Unit
- g/t
- Contained Metal
- 0.3
- Contained Unit
- koz
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource in the stockpile provides a small, moderate-grade component that requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.46 g/t for stockpile material is moderate.
Evidence · table
“0.46”
Context: 18
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 18000Grade: 146Grade Unit: g/tContained Metal: 83Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:8d535c5d9d02f6774ed4
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18000
- Grade
- 146
- Grade Unit
- g/t
- Contained Metal
- 83
- Contained Unit
- koz
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred silver resource in the stockpile provides a small, good-grade component that requires further drilling to upgrade confidence.
Positive factors
- Good silver grade for stockpile material.
Negative factors
- Inferred resource classification has lower geological confidence.
Evidence · table
“146”
Context: 18
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · copperTonnes: 18000Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:8d535c5d9d02f6774ed4
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18000
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred copper resource in the stockpile is present but at a negligible grade, indicating it is a trace element, and requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Copper grade of 0.02% is very weak and likely not economic.
Evidence · table
“0.02”
Context: 18
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · leadTonnes: 18000Grade: 0.17Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:8d535c5d9d02f6774ed4
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18000
- Grade
- 0.17
- Grade Unit
- %
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred lead resource in the stockpile is present but at a negligible grade, indicating it is a trace element, and requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Lead grade of 0.17% is very weak and likely not economic.
Evidence · table
“0.17”
Context: 18
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · zincTonnes: 18000Grade: 0.09Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:8d535c5d9d02f6774ed4
- Deposit or zone
- Stockpile
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18000
- Grade
- 0.09
- Grade Unit
- %
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred zinc resource in the stockpile is present but at a negligible grade, indicating it is a trace element, and requires further drilling to upgrade confidence.
Negative factors
- Inferred resource classification has lower geological confidence.
- Zinc grade of 0.09% is very weak and likely not economic.
Evidence · table
“0.09”
Context: 18
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenEl Tigre · goldTonnes: 24220Grade: 0.43Grade Unit: g/tContained Metal: 329Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:09a3779c968283f7bed5
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 24220
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 329
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Metal Eq. Grade
- 0.52
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The proven oxide gold reserve contributes significantly to the project's economic viability and de-risking. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Proven reserve classification indicates high confidence.
- Good gold grade for an open pit oxide reserve.
Evidence · table
“0.43”
Context: 24,220
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenEl Tigre · silverTonnes: 24220Grade: 14.7Grade Unit: g/tContained Metal: 11453Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:09a3779c968283f7bed5
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 24220
- Grade
- 14.7
- Grade Unit
- g/t
- Contained Metal
- 11453
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Metal Eq. Grade
- 0.52
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The proven oxide gold reserve contributes significantly to the project's economic viability and de-risking. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Proven reserve classification indicates high confidence.
- Good gold grade for an open pit oxide reserve.
Evidence · table
“14.7”
Context: 24,220
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · goldTonnes: 16073Grade: 0.37Grade Unit: g/tContained Metal: 194Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:4fb170647f0ebd852c55
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 16073
- Grade
- 0.37
- Grade Unit
- g/t
- Contained Metal
- 194
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Metal Eq. Grade
- 0.47
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Probable reserve classification indicates reasonable confidence.
Negative factors
- Gold grade of 0.37 g/t for oxide material is moderate.
Evidence · table
“0.37”
Context: 16,073
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · silverTonnes: 16073Grade: 15.3Grade Unit: g/tContained Metal: 7901Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:4fb170647f0ebd852c55
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 16073
- Grade
- 15.3
- Grade Unit
- g/t
- Contained Metal
- 7901
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Metal Eq. Grade
- 0.47
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Probable reserve classification indicates reasonable confidence.
Negative factors
- Gold grade of 0.37 g/t for oxide material is moderate.
Evidence · table
“15.3”
Context: 16,073
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · goldTonnes: 40292Grade: 0.4Grade Unit: g/tContained Metal: 523Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:20b0c11b3989121ecd14
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 40292
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 523
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Metal Eq. Grade
- 0.5
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Probable reserve classification indicates reasonable confidence.
Negative factors
- Gold grade of 0.37 g/t for oxide material is moderate.
Evidence · table
“0.4”
Context: 40,292
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEl Tigre · silverTonnes: 40292Grade: 14.9Grade Unit: g/tContained Metal: 19354Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-10-22T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Andrew Bradfield
- Resource group id
- resource:20b0c11b3989121ecd14
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 40292
- Grade
- 14.9
- Grade Unit
- g/t
- Contained Metal
- 19354
- Contained Unit
- koz
- Cutoff Grade
- 0.11
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-10-22
Metal Equivalent
- Metal Eq. Grade
- 0.5
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The probable oxide gold reserve adds to the project's overall resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Probable reserve classification indicates reasonable confidence.
Negative factors
- Gold grade of 0.37 g/t for oxide material is moderate.
Evidence · table
“14.9”
Context: 40,292
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 27732Grade: 39Grade Unit: g/tContained Metal: 35034Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:5797a81da28d9ea1e47e
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 27732
- Grade
- 39
- Grade Unit
- g/t
- Contained Metal
- 35034
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 136
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“39”
Context: 27,732
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 27732Grade: 0.54Grade Unit: g/tContained Metal: 609Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:5797a81da28d9ea1e47e
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 27732
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 609
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 136
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.54”
Context: 27,732
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 19804Grade: 10Grade Unit: g/tContained Metal: 6593Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:5f2372fd3fa04f5e4a41
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 19804
- Grade
- 10
- Grade Unit
- g/t
- Contained Metal
- 6593
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 74
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“10”
Context: 19,804
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 19804Grade: 0.36Grade Unit: g/tContained Metal: 75Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:5f2372fd3fa04f5e4a41
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 19804
- Grade
- 0.36
- Grade Unit
- g/t
- Contained Metal
- 75
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 74
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.36”
Context: 19,804
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 4475Grade: 10Grade Unit: g/tContained Metal: 1453Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:e3d12e8db32370c6bfc0
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4475
- Grade
- 10
- Grade Unit
- g/t
- Contained Metal
- 1453
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 77
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“10”
Context: 4,475
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 4475Grade: 0.38Grade Unit: g/tContained Metal: 18Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:e3d12e8db32370c6bfc0
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4475
- Grade
- 0.38
- Grade Unit
- g/t
- Contained Metal
- 18
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 77
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.38”
Context: 4,475
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 6031Grade: 31Grade Unit: g/tContained Metal: 6042Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:f3e04970aa61fd1a276f
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 6031
- Grade
- 31
- Grade Unit
- g/t
- Contained Metal
- 6042
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 96
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“31”
Context: 6,031
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 6031Grade: 0.54Grade Unit: g/tContained Metal: 105Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:f3e04970aa61fd1a276f
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 6031
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 105
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 96
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.54”
Context: 6,031
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 1723Grade: 14Grade Unit: g/tContained Metal: 756Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:0117de237f9bcc2f34cb
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1723
- Grade
- 14
- Grade Unit
- g/t
- Contained Metal
- 756
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 69
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“14”
Context: 1,723
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 1723Grade: 0.46Grade Unit: g/tContained Metal: 25Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:0117de237f9bcc2f34cb
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1723
- Grade
- 0.46
- Grade Unit
- g/t
- Contained Metal
- 25
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 69
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.46”
Context: 1,723
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 463Grade: 74Grade Unit: g/tContained Metal: 1096Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:e537eb3d77007db9484a
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 463
- Grade
- 74
- Grade Unit
- g/t
- Contained Metal
- 1096
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 136
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“74”
Context: 463
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 463Grade: 0.52Grade Unit: g/tContained Metal: 8Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:e537eb3d77007db9484a
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 463
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 8
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 136
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.52”
Context: 463
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 33763Grade: 38Grade Unit: g/tContained Metal: 41076Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b88880400ad54803ee71
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 33763
- Grade
- 38
- Grade Unit
- g/t
- Contained Metal
- 41076
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 129
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“38”
Context: 33,763
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 33763Grade: 0.54Grade Unit: g/tContained Metal: 588Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b88880400ad54803ee71
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 33763
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 588
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 129
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.54”
Context: 33,763
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 21528Grade: 11Grade Unit: g/tContained Metal: 7348Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:7007943e2204c81e29f6
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 21528
- Grade
- 11
- Grade Unit
- g/t
- Contained Metal
- 7348
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 73
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“11”
Context: 21,528
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 21528Grade: 0.36Grade Unit: g/tContained Metal: 252Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:7007943e2204c81e29f6
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 21528
- Grade
- 0.36
- Grade Unit
- g/t
- Contained Metal
- 252
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 73
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.36”
Context: 21,528
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 4939Grade: 16Grade Unit: g/tContained Metal: 2550Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b49923852b93fcc24005
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4939
- Grade
- 16
- Grade Unit
- g/t
- Contained Metal
- 2550
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 82
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“16”
Context: 4,939
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 4939Grade: 0.39Grade Unit: g/tContained Metal: 62Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:b49923852b93fcc24005
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4939
- Grade
- 0.39
- Grade Unit
- g/t
- Contained Metal
- 62
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 82
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.39”
Context: 4,939
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 1010Grade: 453Grade Unit: g/tContained Metal: 14698Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:fb66b0f917cb8d284653
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010
- Grade
- 453
- Grade Unit
- g/t
- Contained Metal
- 14698
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 589
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“453”
Context: 1,010
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 1010Grade: 1.05Grade Unit: g/tContained Metal: 34Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:fb66b0f917cb8d284653
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 34
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 589
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“1.05”
Context: 1,010
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · copperTonnes: 1010Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:fb66b0f917cb8d284653
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 589
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.13”
Context: 1,010
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · leadTonnes: 1010Grade: 0.54Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:fb66b0f917cb8d284653
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010
- Grade
- 0.54
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 589
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.54”
Context: 1,010
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · zincTonnes: 1010Grade: 0.92Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:fb66b0f917cb8d284653
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1010
- Grade
- 0.92
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 589
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.92”
Context: 1,010
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 1374Grade: 398Grade Unit: g/tContained Metal: 17588Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:3837151bd8751c3468a2
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374
- Grade
- 398
- Grade Unit
- g/t
- Contained Metal
- 17588
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 509
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“398”
Context: 1,374
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 1374Grade: 1.05Grade Unit: g/tContained Metal: 47Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:3837151bd8751c3468a2
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 47
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 509
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“1.05”
Context: 1,374
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · copperTonnes: 1374Grade: 0.08Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:3837151bd8751c3468a2
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374
- Grade
- 0.08
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 509
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.08”
Context: 1,374
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · leadTonnes: 1374Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:3837151bd8751c3468a2
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 509
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.24”
Context: 1,374
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · zincTonnes: 1374Grade: 0.41Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:3837151bd8751c3468a2
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1374
- Grade
- 0.41
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 509
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.41”
Context: 1,374
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 4100Grade: 294Grade Unit: g/tContained Metal: 38822Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:506d7d6ed7727ecbb720
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100
- Grade
- 294
- Grade Unit
- g/t
- Contained Metal
- 38822
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 497
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“294”
Context: 4,100
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 4100Grade: 1.58Grade Unit: g/tContained Metal: 208Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:506d7d6ed7727ecbb720
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100
- Grade
- 1.58
- Grade Unit
- g/t
- Contained Metal
- 208
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 497
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“1.58”
Context: 4,100
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · copperTonnes: 4100Grade: 0.32Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:506d7d6ed7727ecbb720
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100
- Grade
- 0.32
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 497
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.32”
Context: 4,100
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · leadTonnes: 4100Grade: 0.75Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:506d7d6ed7727ecbb720
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100
- Grade
- 0.75
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 497
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.75”
Context: 4,100
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · zincTonnes: 4100Grade: 0.89Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:506d7d6ed7727ecbb720
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4100
- Grade
- 0.89
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 497
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.89”
Context: 4,100
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 146Grade: 79Grade Unit: g/tContained Metal: 371Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:cc4fb3d6a9b357f832dd
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 146
- Grade
- 79
- Grade Unit
- g/t
- Contained Metal
- 371
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 103
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“79”
Context: 146
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 146Grade: 0.29Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:cc4fb3d6a9b357f832dd
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 146
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 103
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.29”
Context: 146
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 706Grade: 77Grade Unit: g/tContained Metal: 1752Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:f90ddbdc7e3cf699439b
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 706
- Grade
- 77
- Grade Unit
- g/t
- Contained Metal
- 1752
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 99
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“77”
Context: 706
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 706Grade: 0.26Grade Unit: g/tContained Metal: 6Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:f90ddbdc7e3cf699439b
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 706
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 6
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 99
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.26”
Context: 706
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 52Grade: 81Grade Unit: g/tContained Metal: 134Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:2a983543fc2390458019
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 52
- Grade
- 81
- Grade Unit
- g/t
- Contained Metal
- 134
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 104
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“81”
Context: 52
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 52Grade: 0.27Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:2a983543fc2390458019
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 52
- Grade
- 0.27
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 104
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.27”
Context: 52
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 0Grade: 0Grade Unit: g/tContained Metal: 0Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:d277f7fb051093fea27e
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 0
- Grade Unit
- g/t
- Contained Metal
- 0
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 0
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0”
Context: 0
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 0Grade: 0Grade Unit: g/tContained Metal: 0Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:d277f7fb051093fea27e
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 0
- Grade Unit
- g/t
- Contained Metal
- 0
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 0
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0”
Context: 0
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · copperTonnes: 0Grade: 0Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:d277f7fb051093fea27e
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 0
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 0
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0”
Context: 0
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · leadTonnes: 0Grade: 0Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:d277f7fb051093fea27e
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 0
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 0
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0”
Context: 0
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · zincTonnes: 0Grade: 0Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:d277f7fb051093fea27e
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 0
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 0
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0”
Context: 0
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 101Grade: 181Grade Unit: g/tContained Metal: 586Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:1f454565eb145fc1db93
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101
- Grade
- 181
- Grade Unit
- g/t
- Contained Metal
- 586
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 256
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“181”
Context: 101
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 101Grade: 0.92Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:1f454565eb145fc1db93
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101
- Grade
- 0.92
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 256
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.92”
Context: 101
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · copperTonnes: 101Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:1f454565eb145fc1db93
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 256
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.02”
Context: 101
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · leadTonnes: 101Grade: 0.23Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:1f454565eb145fc1db93
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101
- Grade
- 0.23
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 256
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.23”
Context: 101
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · zincTonnes: 101Grade: 0.1Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:1f454565eb145fc1db93
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 101
- Grade
- 0.1
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 256
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.10”
Context: 101
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 18Grade: 146Grade Unit: g/tContained Metal: 83Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:2ff3cd6c88c4ba56fefa
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18
- Grade
- 146
- Grade Unit
- g/t
- Contained Metal
- 83
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 183
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“146”
Context: 18
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 18Grade: 0.46Grade Unit: g/tContained Metal: 0.3Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:2ff3cd6c88c4ba56fefa
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18
- Grade
- 0.46
- Grade Unit
- g/t
- Contained Metal
- 0.3
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 183
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.46”
Context: 18
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · copperTonnes: 18Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:2ff3cd6c88c4ba56fefa
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 183
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.02”
Context: 18
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · leadTonnes: 18Grade: 0.17Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:2ff3cd6c88c4ba56fefa
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18
- Grade
- 0.17
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 183
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.17”
Context: 18
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · zincTonnes: 18Grade: 0.09Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:2ff3cd6c88c4ba56fefa
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18
- Grade
- 0.09
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 183
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.09”
Context: 18
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · silverTonnes: 34920Grade: 50Grade Unit: g/tContained Metal: 56145Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:19d6b4b13a895d54c811
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 34920
- Grade
- 50
- Grade Unit
- g/t
- Contained Metal
- 56145
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 142
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“50”
Context: 34,920
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · goldTonnes: 34920Grade: 0.55Grade Unit: g/tContained Metal: 623Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:19d6b4b13a895d54c811
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 34920
- Grade
- 0.55
- Grade Unit
- g/t
- Contained Metal
- 623
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 142
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.55”
Context: 34,920
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · copperTonnes: 34920Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:19d6b4b13a895d54c811
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 34920
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 142
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.13”
Context: 34,920
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · leadTonnes: 34920Grade: 0.54Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:19d6b4b13a895d54c811
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 34920
- Grade
- 0.54
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 142
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.54”
Context: 34,920
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredEl Tigre · zincTonnes: 34920Grade: 0.92Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:19d6b4b13a895d54c811
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 34920
- Grade
- 0.92
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 142
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The measured gold resource in the pit-constrained oxide zone provides a high-confidence base for future studies and potential conversion to reserves. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured resource classification indicates high geological confidence.
- Good gold grade for pit-constrained oxide material.
Evidence · table
“0.92”
Context: 34,920
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · silverTonnes: 23708Grade: 36Grade Unit: g/tContained Metal: 27275Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:cb21c1b2dd50e3304fc8
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 23708
- Grade
- 36
- Grade Unit
- g/t
- Contained Metal
- 27275
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 100
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“36”
Context: 23,708
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · goldTonnes: 23708Grade: 0.4Grade Unit: g/tContained Metal: 308Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:cb21c1b2dd50e3304fc8
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 23708
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 308
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 100
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.40”
Context: 23,708
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · copperTonnes: 23708Grade: 0.07Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:cb21c1b2dd50e3304fc8
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 23708
- Grade
- 0.07
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 100
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.07”
Context: 23,708
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · leadTonnes: 23708Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:cb21c1b2dd50e3304fc8
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 23708
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 100
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.24”
Context: 23,708
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEl Tigre · zincTonnes: 23708Grade: 0.39Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:cb21c1b2dd50e3304fc8
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 23708
- Grade
- 0.39
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 100
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The indicated gold resource in the pit-constrained oxide zone adds to the project's resource base, though at a moderate grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated resource classification provides reasonable geological confidence.
Negative factors
- Gold grade of 0.36 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.39”
Context: 23,708
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · silverTonnes: 9108Grade: 142Grade Unit: g/tContained Metal: 41589Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:248d68ff02c95c1e2a95
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9108
- Grade
- 142
- Grade Unit
- g/t
- Contained Metal
- 41589
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 269
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“142”
Context: 9,108
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · goldTonnes: 9108Grade: 0.92Grade Unit: g/tContained Metal: 271Contained Unit: kozView all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:248d68ff02c95c1e2a95
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9108
- Grade
- 0.92
- Grade Unit
- g/t
- Contained Metal
- 271
- Contained Unit
- koz
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 269
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.92”
Context: 9,108
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · copperTonnes: 9108Grade: 0.32Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- copper
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:248d68ff02c95c1e2a95
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9108
- Grade
- 0.32
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 269
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.32”
Context: 9,108
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · leadTonnes: 9108Grade: 0.75Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:248d68ff02c95c1e2a95
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9108
- Grade
- 0.75
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 269
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.75”
Context: 9,108
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEl Tigre · zincTonnes: 9108Grade: 0.89Grade Unit: %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dave Duncan, Charles Spath, Fred Brown, Eugene Puritch
- Resource group id
- resource:248d68ff02c95c1e2a95
- Deposit or zone
- Pit-Constrained Oxide
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9108
- Grade
- 0.89
- Grade Unit
- %
- Cutoff Grade
- 0.08
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2025-06-20
Metal Equivalent
- Metal Eq. Grade
- 269
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: The inferred gold resource provides exploration upside but requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred resource classification has lower geological confidence.
- Gold grade of 0.38 g/t for pit-constrained oxide material is moderate.
Evidence · table
“0.89”
Context: 9,108
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (2)
crushing, coarse bottle rolls, column testingEl Tigre · silverRecovery: 43 %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Test Work
- Program Status
- detailed
- Test Type
- crushing, coarse bottle rolls, column testing
- Processing Route
- heap leach, Merrill - Crowe process
- Sample
- Transition and Sulphide zones
Recovery
- Recovery
- 43 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- McClelland Laboratories, Inc., Sparks, Nevada
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: Silver recovery of 43% for transition and sulphide material is weak for heap leach, which could significantly impact overall silver production and revenue from these zones.
Positive factors
- Test work completed by a reputable laboratory (McClelland Laboratories).
Negative factors
- Silver recovery of 43% for transition and sulphide material is weak for heap leach, indicating significant losses.
Evidence · text
“The transition and sulfide zones had estimated recoveries of 59% Au and 43% Ag. Further percolation testing also confirmed no requirement for agglomeration of the crushed material is required prior to loading on the leach pad.”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 43% is below the weak band (75%)
crushing, coarse bottle rolls, column testingEl Tigre · goldRecovery: 59 %View all detailsHide details
Identity
- Project
- El Tigre
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sonora, Mexico
- Ticker
- SLVR
Test Work
- Program Status
- detailed
- Test Type
- crushing, coarse bottle rolls, column testing
- Processing Route
- heap leach, Merrill - Crowe process
- Sample
- Transition and Sulphide zones
Recovery
- Recovery
- 59 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- McClelland Laboratories, Inc., Sparks, Nevada
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-20T00:00:00.000Z
Reasoning: Gold recovery of 59% for transition and sulphide material is lower than for oxide, suggesting potential metallurgical challenges or lower revenue from these zones.
Positive factors
- Test work completed by a reputable laboratory (McClelland Laboratories).
Negative factors
- Gold recovery of 59% for transition and sulphide material is moderate to weak for heap leach, indicating potential challenges.
Evidence · text
“The transition and sulfide zones had estimated recoveries of 59% Au and 43% Ag. Further percolation testing also confirmed no requirement for agglomeration of the crushed material is required prior to loading on the leach pad.”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
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.