Silver X Defines High-Grade Mineralization at Red Silver: Underground Channel Sampling Includes Averages of 735 g/t Ag Over 65 metres and 649 g/t Ag Over 40 metres. Announces 1,200-Metre Drill Program to Test Continuity
Original announcement by tmx on
- Company
- Silver X Mining Corp.
- Ticker
- AGX
- Exchange
- TSX
- Region
- Huancavelica, Peru
- Primary commodity
- Silver
- Secondary commodities
- Lead, Zinc
- Document categories
- Drill results, Other
- Extracted
- 2026-09-13 11:13:59 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver X Mining Corp. has reported high-grade silver channel sampling results from the Red Silver asset in Peru, including intercepts of 735 g/t Ag over 65m and 649 g/t Ag over 40m. In response, the company has announced a 1,200-metre underground diamond drilling program to test the continuity of these mineralized shoots.
Reasoning: High-grade silver channel sampling (up to 735 g/t Ag) over significant strike lengths (65m) demonstrates strong mineralization continuity in an underground setting.
Positive factors
- exceptional silver grades
- strong strike continuity
- QA/QC disclosed
- QP signed
Facts used in scoring: 12
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Evidence · text
“The program includes the regular insertion of certified reference materials (standards), blanks, and field duplicates”
QP/CP Signedpositive · Story-specific tag
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: Mr. A. David Heyl, B.Sc., C.P.G is named as the Qualified Person.
Evidence · text
“Qualified Person Mr. A. David Heyl, B.Sc., C.P.G who is a qualified person under NI 43-101”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Drill Results (12)
Fact 1Red Silver · silverGrade: 735Grade Unit: g/tIntercept: 65 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- silver
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 735
- Grade Unit
- g/t
- Intercept
- 65 m
Classification
- Sample Type
- channel
Location
- Location
- Silvia Vein - Shoot 1
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 735 g/t Ag is exceptionally high for an epithermal silver system.
Positive factors
- Bonanza Intercept
Evidence · text
“735 g/t Ag , 0.45% Pb and 0.73% Zn over an average width of 0.56 metres across 65 metres of strike”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 735 g/t Ag exceeds the exceptional threshold for silver (500 g/t).
Evidence · text
“735 g/t Ag”
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: Release mentions ISO-certified laboratory, standards, blanks, and field duplicates.
Evidence · text
“The program includes the regular insertion of certified reference materials (standards), blanks, and field duplicates”
QP/CP SignedRejected · positive · Story-specific tag
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.
Reason: Mr. A. David Heyl, B.Sc., C.P.G is named as the Qualified Person.
Evidence · text
“Qualified Person Mr. A. David Heyl, B.Sc., C.P.G who is a qualified person under NI 43-101”
Fact 2Red Silver · leadGrade: 0.45Grade Unit: %Intercept: 65 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- lead
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 0.45
- Grade Unit
- %
- Intercept
- 65 m
Classification
- Sample Type
- channel
Location
- Location
- Silvia Vein - Shoot 1
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace lead content reported alongside silver.
Evidence · text
“0.45% Pb”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 3Red Silver · zincGrade: 0.73Grade Unit: %Intercept: 65 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- zinc
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 0.73
- Grade Unit
- %
- Intercept
- 65 m
Classification
- Sample Type
- channel
Location
- Location
- Silvia Vein - Shoot 1
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace zinc content reported alongside silver.
Evidence · text
“0.73% Zn”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 4Red Silver · silverGrade: 649Grade Unit: g/tIntercept: 40 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- silver
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 649
- Grade Unit
- g/t
- Intercept
- 40 m
Classification
- Sample Type
- channel
Location
- Location
- Silvia Vein - Shoot 2
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 649 g/t Ag is exceptionally high for an epithermal silver system.
Positive factors
- Bonanza Intercept
Evidence · text
“649 g/t Ag , 0.40% Pb and 0.69% Zn over 0.50 metres across 40 metres of strike”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 649 g/t Ag exceeds the exceptional threshold for silver (500 g/t).
Evidence · text
“649 g/t Ag”
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: Release mentions ISO-certified laboratory, standards, blanks, and field duplicates.
Evidence · text
“The program includes the regular insertion of certified reference materials (standards), blanks, and field duplicates”
QP/CP SignedRejected · positive · Story-specific tag
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.
Reason: Mr. A. David Heyl, B.Sc., C.P.G is named as the Qualified Person.
Evidence · text
“Qualified Person Mr. A. David Heyl, B.Sc., C.P.G who is a qualified person under NI 43-101”
Fact 5Red Silver · leadGrade: 0.4Grade Unit: %Intercept: 40 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- lead
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 0.4
- Grade Unit
- %
- Intercept
- 40 m
Classification
- Sample Type
- channel
Location
- Location
- Silvia Vein - Shoot 2
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace lead content reported alongside silver.
Evidence · text
“0.40% Pb”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 6Red Silver · zincGrade: 0.69Grade Unit: %Intercept: 40 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- zinc
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 0.69
- Grade Unit
- %
- Intercept
- 40 m
Classification
- Sample Type
- channel
Location
- Location
- Silvia Vein - Shoot 2
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace zinc content reported alongside silver.
Evidence · text
“0.69% Zn”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 7Red Silver · silverGrade: 497Grade Unit: g/tIntercept: 0.92 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- silver
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 497
- Grade Unit
- g/t
- Intercept
- 0.92 m
Classification
- Sample Type
- channel
Location
- Location
- Rossana Vein - Shoot 1
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 497 g/t Ag is high grade, though just below the 500 g/t exceptional threshold.
Positive factors
- Bonanza Intercept
Evidence · table
“497”
Context: 0.92
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 497 g/t Ag is near the 500 g/t exceptional threshold for silver.
Evidence · table
“497”
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: Release mentions ISO-certified laboratory, standards, blanks, and field duplicates.
Evidence · text
“The program includes the regular insertion of certified reference materials (standards), blanks, and field duplicates”
QP/CP SignedRejected · positive · Story-specific tag
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.
Reason: Mr. A. David Heyl, B.Sc., C.P.G is named as the Qualified Person.
Evidence · text
“Qualified Person Mr. A. David Heyl, B.Sc., C.P.G who is a qualified person under NI 43-101”
Fact 8Red Silver · leadGrade: 0.3Grade Unit: %Intercept: 0.92 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- lead
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 0.3
- Grade Unit
- %
- Intercept
- 0.92 m
Classification
- Sample Type
- channel
Location
- Location
- Rossana Vein - Shoot 1
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace lead content reported alongside silver.
Evidence · table
“0.30”
Context: 0.92
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 9Red Silver · zincGrade: 0.64Grade Unit: %Intercept: 0.92 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- zinc
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 0.64
- Grade Unit
- %
- Intercept
- 0.92 m
Classification
- Sample Type
- channel
Location
- Location
- Rossana Vein - Shoot 1
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace zinc content reported alongside silver.
Evidence · table
“0.64”
Context: 0.92
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 10Red Silver · silverGrade: 396Grade Unit: g/tIntercept: 0.82 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- silver
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 396
- Grade Unit
- g/t
- Intercept
- 0.82 m
Classification
- Sample Type
- channel
Location
- Location
- Rossana Vein - Shoot 2
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 396 g/t Ag is high grade for an epithermal system.
Evidence · table
“396”
Context: 0.82
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: Release mentions ISO-certified laboratory, standards, blanks, and field duplicates.
Evidence · text
“The program includes the regular insertion of certified reference materials (standards), blanks, and field duplicates”
QP/CP SignedRejected · positive · Story-specific tag
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.
Reason: Mr. A. David Heyl, B.Sc., C.P.G is named as the Qualified Person.
Evidence · text
“Qualified Person Mr. A. David Heyl, B.Sc., C.P.G who is a qualified person under NI 43-101”
Fact 11Red Silver · leadGrade: 0.48Grade Unit: %Intercept: 0.82 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- lead
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 0.48
- Grade Unit
- %
- Intercept
- 0.82 m
Classification
- Sample Type
- channel
Location
- Location
- Rossana Vein - Shoot 2
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace lead content reported alongside silver.
Evidence · table
“0.48”
Context: 0.82
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 12Red Silver · zincGrade: 1.98Grade Unit: %Intercept: 0.82 mView all detailsHide details
Identity
- Project
- Red Silver
- Commodity
- zinc
- Region
- peru
- Reported Region
- Huancavelica, Peru
- Ticker
- AGX
Geometry
- Grade
- 1.98
- Grade Unit
- %
- Intercept
- 0.82 m
Classification
- Sample Type
- channel
Location
- Location
- Rossana Vein - Shoot 2
- Loc. Source
- document
QA/QC
- Laboratory
- ISO-certified laboratory in Lima, Peru
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: High zinc content (1.98%) noted in this shoot.
Evidence · table
“1.98”
Context: 0.82
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.