# Silver X Expands Red Silver Drill Program More Than Five-Fold to 6,650 Meters Following High-Grade Channel Sampling Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba Original source: https://money.tmx.com/en/quote/AGX/news/5629042836675045/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo Publisher: tmx Original announcement: 2026-07-22T11:35:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Silver X Mining Corp. - Ticker: AGX - Exchange: TSX - Region: Huancavelica, Peru - Primary commodity: Silver - Secondary commodities: Lead, Zinc, Gold - Document categories: Resource update, Drill results - Extracted: 2026-09-13 10:41:56 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Silver X Mining Corp. has expanded its planned underground diamond drill program at the Red Silver Project by more than five-fold to 6,650 meters, following high-grade channel sampling results. The program aims to grow the current NI 43-101 Mineral Resource and upgrade portions of the Inferred Resource to Measured and Indicated categories. The Red Silver Project, part of the Nueva Recuperada Project in Peru, hosts high-grade silver mineralization with existing underground access, enabling low-cost and efficient exploration. Reasoning: Silver X Mining Corp. announced a significant five-fold expansion of its underground drill program at the Red Silver Project, driven by previously reported high-grade channel sampling results. This expanded program aims to grow and upgrade the existing NI 43-101 compliant silver resource, leveraging existing infrastructure for efficient execution, which is a strong positive for the project's development, despite the current resource being largely Inferred. - Positive factor: Significant expansion of planned drill program \(five-fold increase\) - Positive factor: High-grade channel sampling results confirmed bonanza-style silver mineralization - Positive factor: Drill program aims to grow and upgrade existing NI 43-101 compliant resource - Positive factor: Existing underground infrastructure allows for low-cost, fast execution - Positive factor: High silver purity \(over 90% of in-situ metal value\) - Negative factor: Resource is predominantly Inferred, carrying higher geological uncertainty - Negative factor: Preliminary Economic Assessment \(PEA\) is based on Inferred Mineral Resources - Negative factor: Production decision is not based on a pre-feasibility or feasibility study, increasing technical risk Facts used in scoring: 48 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Channel sample from Silvia Shoot 1 returned 735 g/t Ag, which is an exceptionally high-grade for epithermal silver deposits. Evidence · table > 735 Context: 0.56 **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release explicitly states that Silver X follows rigorous QA/QC protocols, including the use of an ISO-certified laboratory and insertion of standards, blanks, and field duplicates. Evidence · text > Silver X follows rigorous QA/QC protocols. Drill core is geologically and geotechnically logged, cut and sampled under documented chain-of-custody procedures, and dispatched to an ISO-certified laboratory in Lima, Peru. The program includes the regular insertion of certified reference materials \(standards\), blanks and field duplicates. **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The channel sampling results are explicitly stated as 'previously reported January 13, 2026', indicating they are not new assays. Evidence · text > Key sampling results are summarized below \(see news release dated January 13, 2026\). **QP/CP Signed** Polarity: positive Definition: 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, a Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release. Evidence · text > Mr. A. David Heyl, B.Sc., C.P.G., a Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release on behalf of Silver X. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The mineral resource estimate and technical content are stated to be compliant with NI 43-101. Evidence · text > Red Silver hosts an existing NI 43-101 Mineral Resource first reported in May 2025 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The majority of the reported mineral resource \(1.91 million tonnes\) is classified as Inferred Mineral Resources. Evidence · text > Red Silver hosts an existing NI 43-101 Mineral Resource first reported in May 2025 comprising approximately 1.91 million tonnes of Inferred Mineral Resources **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: The document does not disclose the cut-off grade used for the mineral resource estimate. Evidence · text > Table 02: Current Mineral Resource Estimation for Red Silver Project **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The resource includes 20,800 tonnes in the Measured category, representing the highest confidence level. Evidence · table > Measured Context: 20,800 **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource includes 20,800 tonnes in the Indicated category, representing a good level of geological confidence. Evidence · table > Indicated Context: 20,800 ## Extracted facts Stored fact records: 48. Some facts used in scoring do not have a stored record. ## Drill Results (12) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-0) Red · silver Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: silver - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 735 - Grade Unit: g/t - Intercept: 0.56 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Silvia Shoot 1 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: High-grade channel sampling results confirmed significant silver mineralization, which directly led to the expansion of the current drill program, despite being previously reported. - Positive factor: High silver grades - Positive factor: Confirms continuity - Positive factor: Led to drill program expansion - Negative factor: Previously reported data Evidence · table > 735 Context: 0.56 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-1) Red · lead Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: lead - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 0.45 - Grade Unit: % - Intercept: 0.56 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Silvia Shoot 1 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Lead mineralization was confirmed in channel samples, contributing to the polymetallic nature of the deposit, though these results were previously reported. - Positive factor: Presence of lead mineralization - Negative factor: Previously reported data Evidence · table > 0.45 Context: 0.56 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-2) Red · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 0.73 - Grade Unit: % - Intercept: 0.56 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Silvia Shoot 1 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Zinc mineralization was confirmed in channel samples, contributing to the polymetallic nature of the deposit, though these results were previously reported. - Positive factor: Presence of zinc mineralization - Negative factor: Previously reported data Evidence · table > 0.73 Context: 0.56 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-3) Red · silver Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: silver - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 649 - Grade Unit: g/t - Intercept: 0.5 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Silvia Shoot 2 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: High-grade channel sampling results confirmed significant silver mineralization, which directly led to the expansion of the current drill program, despite being previously reported. - Positive factor: High silver grades - Positive factor: Confirms continuity - Positive factor: Led to drill program expansion - Negative factor: Previously reported data Evidence · table > 649 Context: 0.50 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-4) Red · lead Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: lead - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 0.4 - Grade Unit: % - Intercept: 0.5 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Silvia Shoot 2 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Lead mineralization was confirmed in channel samples, contributing to the polymetallic nature of the deposit, though these results were previously reported. - Positive factor: Presence of lead mineralization - Negative factor: Previously reported data Evidence · table > 0.40 Context: 0.50 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-5) Red · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 0.69 - Grade Unit: % - Intercept: 0.5 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Silvia Shoot 2 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Zinc mineralization was confirmed in channel samples, contributing to the polymetallic nature of the deposit, though these results were previously reported. - Positive factor: Presence of zinc mineralization - Negative factor: Previously reported data Evidence · table > 0.69 Context: 0.50 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-6) Red · silver Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: silver - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 497 - Grade Unit: g/t - Intercept: 0.92 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Rossana Shoot 1 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: High-grade channel sampling results confirmed significant silver mineralization, despite being previously reported. - Positive factor: High silver grades - Positive factor: Confirms continuity - Negative factor: Previously reported data Evidence · table > 497 Context: 0.92 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-7) Red · lead Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: lead - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 0.3 - Grade Unit: % - Intercept: 0.92 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Rossana Shoot 1 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Lead mineralization was confirmed in channel samples, contributing to the polymetallic nature of the deposit, though these results were previously reported. - Positive factor: Presence of lead mineralization - Negative factor: Previously reported data Evidence · table > 0.30 Context: 0.92 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-8) Red · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 0.64 - Grade Unit: % - Intercept: 0.92 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Rossana Shoot 1 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Zinc mineralization was confirmed in channel samples, contributing to the polymetallic nature of the deposit, though these results were previously reported. - Positive factor: Presence of zinc mineralization - Negative factor: Previously reported data Evidence · table > 0.64 Context: 0.92 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-9) Red · silver Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: silver - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 396 - Grade Unit: g/t - Intercept: 0.82 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Rossana Shoot 2 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: High-grade channel sampling results confirmed significant silver mineralization, despite being previously reported. - Positive factor: High silver grades - Positive factor: Confirms continuity - Negative factor: Previously reported data Evidence · table > 396 Context: 0.82 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 11 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-10) Red · lead Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: lead - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 0.48 - Grade Unit: % - Intercept: 0.82 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Rossana Shoot 2 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Lead mineralization was confirmed in channel samples, contributing to the polymetallic nature of the deposit, though these results were previously reported. - Positive factor: Presence of lead mineralization - Negative factor: Previously reported data Evidence · table > 0.48 Context: 0.82 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 12 [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-drill-facts-11) Red · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Red - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: AGX #### Geometry - Grade: 1.98 - Grade Unit: % - Intercept: 0.82 m #### Classification - Deposit Type: epithermal - Sample Type: channel - Mining Method: underground #### Location - Location: Rossana Shoot 2 - Loc. Source: document #### QA/QC - Laboratory: ISO-certified laboratory in Lima, Peru - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-13T00:00:00.000Z #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Zinc mineralization was confirmed in channel samples, contributing to the polymetallic nature of the deposit, though these results were previously reported. - Positive factor: Presence of zinc mineralization - Negative factor: Previously reported data Evidence · table > 1.98 Context: 0.82 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## Resource Estimates (36) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-12) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:3c32f299e7acbda69af4 - Deposit or zone: Silvia - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 832650 - Grade: 800.92 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Silvia vein hosts a high-grade silver resource, compliant with NI 43-101 and signed off by a QP, but it is in the Inferred category, which carries geological and economic uncertainty. - Positive factor: High silver grades - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 800.92 Context: 832,650 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-13) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:3c32f299e7acbda69af4 - Deposit or zone: Silvia - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 832650 - Grade: 0.41 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Silvia vein hosts lead mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 0.41 Context: 832,650 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-14) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:3c32f299e7acbda69af4 - Deposit or zone: Silvia - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 832650 - Grade: 0.67 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Silvia vein hosts zinc mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 0.67 Context: 832,650 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-15) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:3c32f299e7acbda69af4 - Deposit or zone: Silvia - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 832650 - Grade: 0.02 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Silvia vein hosts low-grade gold mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low gold grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.02 Context: 832,650 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-16) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:138231ad0e73eab3b0e7 - Deposit or zone: Manto San Jose - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 32500 - Grade: 209.95 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Manto San Jose vein hosts silver mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 209.95 Context: 32,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-17) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:138231ad0e73eab3b0e7 - Deposit or zone: Manto San Jose - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 32500 - Grade: 0.08 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Manto San Jose vein hosts low-grade lead mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low lead grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.08 Context: 32,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-18) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:138231ad0e73eab3b0e7 - Deposit or zone: Manto San Jose - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 32500 - Grade: 0.19 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Manto San Jose vein hosts low-grade zinc mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low zinc grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.19 Context: 32,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-19) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:138231ad0e73eab3b0e7 - Deposit or zone: Manto San Jose - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 32500 - Grade: 0.01 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Manto San Jose vein hosts low-grade gold mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low gold grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.01 Context: 32,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-20) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:a3c91f6cbe86d7f70ff4 - Deposit or zone: Rossana - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 475800 - Grade: 195.95 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Rossana vein hosts silver mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 195.95 Context: 475,800 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-21) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:a3c91f6cbe86d7f70ff4 - Deposit or zone: Rossana - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 475800 - Grade: 0.05 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Rossana vein hosts low-grade lead mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low lead grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.05 Context: 475,800 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-22) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:a3c91f6cbe86d7f70ff4 - Deposit or zone: Rossana - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 475800 - Grade: 0.14 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Rossana vein hosts low-grade zinc mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low zinc grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.14 Context: 475,800 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-23) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:a3c91f6cbe86d7f70ff4 - Deposit or zone: Rossana - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 475800 - Grade: 0 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Rossana vein reports no gold mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: No gold grade reported - Negative factor: Cut-off Undisclosed Evidence · table > 0.00 Context: 475,800 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-24) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:50abc6c48bc04b7da6c5 - Deposit or zone: Ramal Silvia - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 178425 - Grade: 1839.15 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Ramal Silvia vein hosts very high-grade silver mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: Very high silver grades - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 1839.15 Context: 178,425 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-25) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:50abc6c48bc04b7da6c5 - Deposit or zone: Ramal Silvia - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 178425 - Grade: 0.59 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Ramal Silvia vein hosts lead mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 0.59 Context: 178,425 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-26) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:50abc6c48bc04b7da6c5 - Deposit or zone: Ramal Silvia - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 178425 - Grade: 0.77 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Ramal Silvia vein hosts zinc mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 0.77 Context: 178,425 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-27) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:50abc6c48bc04b7da6c5 - Deposit or zone: Ramal Silvia - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 178425 - Grade: 0.04 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Ramal Silvia vein hosts low-grade gold mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low gold grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.04 Context: 178,425 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-28) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:1c47f69cd2433d5402ce - Deposit or zone: Manto Jonas - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 32500 - Grade: 651.93 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Manto Jonas vein hosts high-grade silver mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: High silver grades - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 651.93 Context: 32,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-29) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:1c47f69cd2433d5402ce - Deposit or zone: Manto Jonas - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 32500 - Grade: 0.25 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Manto Jonas vein hosts lead mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 0.25 Context: 32,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-30) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:1c47f69cd2433d5402ce - Deposit or zone: Manto Jonas - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 32500 - Grade: 0.18 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Manto Jonas vein hosts low-grade zinc mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low zinc grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.18 Context: 32,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-31) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:1c47f69cd2433d5402ce - Deposit or zone: Manto Jonas - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 32500 - Grade: 0.02 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Manto Jonas vein hosts low-grade gold mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low gold grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.02 Context: 32,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-32) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:1ff9befea0cb9d38b902 - Deposit or zone: Kasandra - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 356850 - Grade: 74.96 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Kasandra vein hosts silver mineralization in the Inferred category, compliant with NI 43-101, but with lower grades compared to other veins and inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Lower silver grade compared to other veins - Negative factor: Cut-off Undisclosed Evidence · table > 74.96 Context: 356,850 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-33) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:1ff9befea0cb9d38b902 - Deposit or zone: Kasandra - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 356850 - Grade: 0.05 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Kasandra vein hosts low-grade lead mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low lead grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.05 Context: 356,850 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-34) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:1ff9befea0cb9d38b902 - Deposit or zone: Kasandra - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 356850 - Grade: 0.1 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Kasandra vein hosts low-grade zinc mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low zinc grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.10 Context: 356,850 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-35) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:1ff9befea0cb9d38b902 - Deposit or zone: Kasandra - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 356850 - Grade: 0 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Kasandra vein reports no gold mineralization in the Inferred category, compliant with NI 43-101, but with inherent uncertainties. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: No gold grade reported - Negative factor: Cut-off Undisclosed Evidence · table > 0.00 Context: 356,850 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-36) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:02460aa6c2a2e9e4bad3 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 1908725 - Grade: 496.1 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The total Inferred silver resource is high-grade and NI 43-101 compliant, but its Inferred classification implies higher geological uncertainty. - Positive factor: High silver grades - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 496.10 Context: 1,908,725 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-37) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:02460aa6c2a2e9e4bad3 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 1908725 - Grade: 0.21 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The total Inferred lead resource is NI 43-101 compliant, but its Inferred classification implies higher geological uncertainty. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 0.21 Context: 1,908,725 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-38) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:02460aa6c2a2e9e4bad3 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 1908725 - Grade: 0.34 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The total Inferred zinc resource is NI 43-101 compliant, but its Inferred classification implies higher geological uncertainty. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Cut-off Undisclosed Evidence · table > 0.34 Context: 1,908,725 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-39) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:02460aa6c2a2e9e4bad3 - Deposit or zone: Total Inferred - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 1908725 - Grade: 0.01 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The total Inferred gold resource is NI 43-101 compliant, but its Inferred classification implies higher geological uncertainty and limited economic contribution. - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Inferred Mineral Resources - Negative factor: Low gold grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.01 Context: 1,908,725 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-40) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:737eb07730153491f3ad - Deposit or zone: Combined - Mining method: underground #### Resource Data - Category: measured - Tonnes: 20800 - Grade: 496.1 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Measured silver resource, though small in tonnage, is high-grade and represents the highest confidence category, compliant with NI 43-101. - Positive factor: High silver grades - Positive factor: Measured Resource category - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Small tonnage - Negative factor: Cut-off Undisclosed Evidence · table > 496.10 Context: 20,800 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-41) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:737eb07730153491f3ad - Deposit or zone: Combined - Mining method: underground #### Resource Data - Category: measured - Tonnes: 20800 - Grade: 0.21 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Measured lead resource, though small in tonnage, represents the highest confidence category, compliant with NI 43-101. - Positive factor: Measured Resource category - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Small tonnage - Negative factor: Cut-off Undisclosed Evidence · table > 0.21 Context: 20,800 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-42) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:737eb07730153491f3ad - Deposit or zone: Combined - Mining method: underground #### Resource Data - Category: measured - Tonnes: 20800 - Grade: 0.34 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Measured zinc resource, though small in tonnage, represents the highest confidence category, compliant with NI 43-101. - Positive factor: Measured Resource category - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Small tonnage - Negative factor: Cut-off Undisclosed Evidence · table > 0.34 Context: 20,800 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-43) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:737eb07730153491f3ad - Deposit or zone: Combined - Mining method: underground #### Resource Data - Category: measured - Tonnes: 20800 - Grade: 0.01 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Measured gold resource, though small in tonnage, represents the highest confidence category, compliant with NI 43-101, but with limited economic contribution. - Positive factor: Measured Resource category - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Small tonnage - Negative factor: Low gold grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.01 Context: 20,800 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-44) Red Silver Project · silver #### Identity - Project: Red Silver Project - Commodity: silver - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:3ed379d0392a76cdd660 - Deposit or zone: Combined - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 20800 - Grade: 496.1 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Indicated silver resource, though small in tonnage, is high-grade and represents a good confidence category, compliant with NI 43-101. - Positive factor: High silver grades - Positive factor: Indicated Resource category - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Small tonnage - Negative factor: Cut-off Undisclosed Evidence · table > 496.10 Context: 20,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-45) Red Silver Project · lead #### Identity - Project: Red Silver Project - Commodity: lead - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:3ed379d0392a76cdd660 - Deposit or zone: Combined - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 20800 - Grade: 0.21 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Indicated lead resource, though small in tonnage, represents a good confidence category, compliant with NI 43-101. - Positive factor: Indicated Resource category - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Small tonnage - Negative factor: Cut-off Undisclosed Evidence · table > 0.21 Context: 20,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-46) Red Silver Project · zinc #### Identity - Project: Red Silver Project - Commodity: zinc - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:3ed379d0392a76cdd660 - Deposit or zone: Combined - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 20800 - Grade: 0.34 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Indicated zinc resource, though small in tonnage, represents a good confidence category, compliant with NI 43-101. - Positive factor: Indicated Resource category - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Small tonnage - Negative factor: Cut-off Undisclosed Evidence · table > 0.34 Context: 20,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-x-expands-red-silver-drill-program-more-than-five-fold-to-6-650-meters-fo--ffde738d-6012-4f88-833e-9a8590f581ba#fact-resource-facts-47) Red Silver Project · gold #### Identity - Project: Red Silver Project - Commodity: gold - Region: peru - Reported Region: Huancavelica, Peru - Ticker: AGX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: A. David Heyl - Resource group id: resource:3ed379d0392a76cdd660 - Deposit or zone: Combined - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 20800 - Grade: 0.01 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-05-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: ISO-certified laboratory in Lima, Peru #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The Indicated gold resource, though small in tonnage, represents a good confidence category, compliant with NI 43-101, but with limited economic contribution. - Positive factor: Indicated Resource category - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Negative factor: Small tonnage - Negative factor: Low gold grade - Negative factor: Cut-off Undisclosed Evidence · table > 0.01 Context: 20,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ## 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.