Silverco Mining Commences 30,000-Meter 2026 Drill Program at Cusi, Targeting Massive Step-Out Potential and Regional Blue-Sky Prospects
Original announcement by tmx on
- Company
- Silverco Mining Ltd.
- Ticker
- SICO
- Exchange
- TSX
- Region
- Chihuahua State, Mexico
- Primary commodity
- Silver
- Secondary commodities
- Gold, Lead, Zinc
- Document categories
- Resource update, Drill results
- Extracted
- 2026-09-14 23:00:39 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silverco Mining has commenced a 30,000-meter drill program at its Cusi Mine in Mexico, targeting significant resource expansion and new regional discoveries. The fully funded program will also support the operational restart of the mine in late 2026. The company highlighted existing mineral resource estimates for the San Juan, San Miguel, and Promontorio East areas, which include Measured, Indicated, and Inferred categories for silver, gold, lead, and zinc.
Reasoning: Silverco Mining has commenced a substantial, fully funded 30,000-meter drill program at its Cusi Mine, targeting significant resource expansion and new discoveries, while also preparing for an operational restart. The announcement provides context with existing resource estimates, but the primary news is the new drilling campaign.
Positive factors
- Large 30,000-meter drill program commenced
- Program is fully funded
- Targets massive step-out potential and regional blue-sky prospects
- Aims for aggressive resource expansion and testing high potential exploration targets
- Supports operational restart preparation for Cusi Mine
- QP sign-off for technical information
Negative factors
- Resource estimates presented are not new updates, but existing figures
- Metal equivalent assumptions for AgEq are not fully disclosed for economic recoverability
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 34
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The drill program is targeting a massive, near 600-meter step-out to connect highly successful 2025 intercepts with historical drilling, aiming to extend mineralization.
Evidence · text
“Surface drilling is targeting a massive, near 600-meter step-out to connect highly successful 2025 intercepts with historical drilling.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The technical information, including the resource estimates, has been reviewed and approved by Nico Harvey, P.Eng., a Qualified Person as defined in NI 43-101.
Evidence · text
“The scientific and technical information contained in this news release has been reviewed and approved by Nico Harvey, P.Eng., Vice President Project Development of Silverco, a Qualified Person as defined in National Instrument 43-101.”
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: The document states that AgEq is a reporting metric only and does not imply economic recoverability, indicating that the underlying assumptions for the metal equivalent calculation are not fully disclosed.
Evidence · text
“that AgEq is a reporting metric only and does not imply economic recoverability”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The document references past drill results from 2025 and historical intercepts, which are not new assays from this announcement.
Evidence · text
“During the 2025 campaign, Silverco successfully intercepted 6.8 metres grading 255 g/t AgEq in drillhole CU-25-59 ( released in February 26 2026 news release ), which followed up on an historical intercept of 4.3 metres grading 472 g/t AgEq in drillhole DC21B955.”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The Promontorio East area includes a Measured resource category, which is the highest confidence level for mineral resources.
Evidence · table
“Measured”
Context: Promontorio East
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The San Juan, San Miguel, and Promontorio East areas all include Indicated resource categories, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: San Juan
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The San Juan, San Miguel, and Promontorio East areas all include Inferred resource categories, which is a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: San Juan
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Nico Harvey, P.Eng., a Qualified Person as defined in NI 43-101, has reviewed and approved the scientific and technical information, including the resource estimates.
Evidence · text
“The scientific and technical information contained in this news release has been reviewed and approved by Nico Harvey, P.Eng., Vice President Project Development of Silverco, a Qualified Person as defined in National Instrument 43-101.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimates refer to a 'Ni 43-101 Technical report prepared by SGS Geological Services' for details.
Evidence · text
“Please refer to the Ni 43-101 Technical report prepared by SGS Geological Services”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents existing mineral resource estimates for several areas, indicating a review or re-presentation of current resources rather than a new estimate.
Evidence · text
“an area that remains largely outside the recent Mineral Resource Estimate update.”
Extracted facts
Stored fact records: 34. Some facts used in scoring do not have a stored record.
Drill Results (2)
CU-25-59Cusi · silverGrade: 255Grade Unit: g/tIntercept: 6.8 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CU-25-59
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- SICO
Geometry
- Grade
- 255
- Grade Unit
- g/t
- Intercept
- 6.8 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 255
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-02-26T00:00:00.000Z
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: This historical intercept shows a good silver equivalent grade and length, providing positive context for the current drill program, but it is not new information.
Positive factors
- High silver equivalent grade
- Good intercept length
Negative factors
- Result is historical, not new to this release
- Metal equivalent assumptions not fully disclosed
Evidence · text
“6.8 metres grading 255 g/t AgEq in drillhole CU-25-59 ( released in February 26 2026 news release )”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: an equivalent grade is reported without its assumptions
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
DC21B955Cusi · silverGrade: 472Grade Unit: g/tIntercept: 4.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- DC21B955
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- mexico
- Ticker
- SICO
Geometry
- Grade
- 472
- Grade Unit
- g/t
- Intercept
- 4.3 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 472
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: This historical intercept shows a very high silver equivalent grade, providing positive context for the current drill program, but it is not new information.
Positive factors
- Very high silver equivalent grade
Negative factors
- Result is historical, not new to this release
- Metal equivalent assumptions not fully disclosed
Evidence · text
“historical intercept of 4.3 metres grading 472 g/t AgEq in drillhole DC21B955”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: an equivalent grade is reported without its assumptions
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Resource Estimates (32)
indicatedCusi · silverTonnes: 160000Grade: 232Grade Unit: g/tContained Metal: 1199Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:5e2d9847842de7aa8c58
- Deposit or zone
- San Juan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 160000
- Grade
- 232
- Grade Unit
- g/t
- Contained Metal
- 1199
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 259
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Juan Indicated resource shows a good silver grade, contributing to the overall project, but the tonnage is relatively small and it is not a new estimate.
Positive factors
- Indicated resource category provides good confidence
- High silver grade
Negative factors
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“232”
Context: 0.16
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · goldTonnes: 160000Grade: 0.21Grade Unit: g/tContained Metal: 1.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:5e2d9847842de7aa8c58
- Deposit or zone
- San Juan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 160000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 1.1
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 259
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Juan Indicated resource includes a very low gold grade, which is a minor contributor to the overall project value.
Positive factors
- Indicated resource category provides good confidence
Negative factors
- Very low gold grade
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.21”
Context: 0.16
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · leadTonnes: 160000Grade: 0.17Grade Unit: %Contained Metal: 0.6Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:5e2d9847842de7aa8c58
- Deposit or zone
- San Juan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 160000
- Grade
- 0.17
- Grade Unit
- %
- Contained Metal
- 0.6
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 259
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Juan Indicated resource includes a very low lead grade, which is a minor contributor to the overall project value.
Positive factors
- Indicated resource category provides good confidence
Negative factors
- Very low lead grade
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.17”
Context: 0.16
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · zincTonnes: 160000Grade: 0.2Grade Unit: %Contained Metal: 0.7Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:5e2d9847842de7aa8c58
- Deposit or zone
- San Juan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 160000
- Grade
- 0.2
- Grade Unit
- %
- Contained Metal
- 0.7
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 259
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Juan Indicated resource includes a very low zinc grade, which is a minor contributor to the overall project value.
Positive factors
- Indicated resource category provides good confidence
Negative factors
- Very low zinc grade
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.2”
Context: 0.16
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · silverTonnes: 120000Grade: 295Grade Unit: g/tContained Metal: 1156Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:05a2fb09cf4eb410ace4
- Deposit or zone
- San Juan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 120000
- Grade
- 295
- Grade Unit
- g/t
- Contained Metal
- 1156
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 324
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Juan Inferred resource shows a high silver grade but is in the lowest confidence category and has a small tonnage, limiting its current impact.
Positive factors
- High silver grade
Negative factors
- Inferred resource category implies lower confidence
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“295”
Context: 0.12
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · goldTonnes: 120000Grade: 0.07Grade Unit: g/tContained Metal: 0.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:05a2fb09cf4eb410ace4
- Deposit or zone
- San Juan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 120000
- Grade
- 0.07
- Grade Unit
- g/t
- Contained Metal
- 0.3
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 324
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Juan Inferred resource includes an extremely low gold grade, which is a negligible contributor to the overall project value.
Negative factors
- Inferred resource category implies lower confidence
- Extremely low gold grade
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.07”
Context: 0.12
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · leadTonnes: 120000Grade: 0.29Grade Unit: %Contained Metal: 0.8Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:05a2fb09cf4eb410ace4
- Deposit or zone
- San Juan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 120000
- Grade
- 0.29
- Grade Unit
- %
- Contained Metal
- 0.8
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 324
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Juan Inferred resource includes a low lead grade, which is a minor contributor to the overall project value.
Negative factors
- Inferred resource category implies lower confidence
- Low lead grade
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.29”
Context: 0.12
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · zincTonnes: 120000Grade: 0.51Grade Unit: %Contained Metal: 1.4Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:05a2fb09cf4eb410ace4
- Deposit or zone
- San Juan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 120000
- Grade
- 0.51
- Grade Unit
- %
- Contained Metal
- 1.4
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 324
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Juan Inferred resource includes a low zinc grade, which is a minor contributor to the overall project value.
Negative factors
- Inferred resource category implies lower confidence
- Low zinc grade
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.51”
Context: 0.12
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · silverTonnes: 1300000Grade: 193Grade Unit: g/tContained Metal: 8065Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:47ba74397198a61d0a4f
- Deposit or zone
- San Miguel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1300000
- Grade
- 193
- Grade Unit
- g/t
- Contained Metal
- 8065
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 258
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Miguel Indicated resource is a cornerstone asset with significant tonnage and good silver grade, providing a solid base for the project.
Positive factors
- Indicated resource category provides good confidence
- Good silver grade
- Significant tonnage
Negative factors
- Metal equivalent assumptions not fully disclosed
Evidence · table
“193”
Context: 1.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · goldTonnes: 1300000Grade: 0.15Grade Unit: g/tContained Metal: 6.2Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:47ba74397198a61d0a4f
- Deposit or zone
- San Miguel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1300000
- Grade
- 0.15
- Grade Unit
- g/t
- Contained Metal
- 6.2
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 258
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Miguel Indicated resource includes a very low gold grade, which is a minor contributor to the overall project value.
Positive factors
- Indicated resource category provides good confidence
Negative factors
- Very low gold grade
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.15”
Context: 1.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · leadTonnes: 1300000Grade: 0.83Grade Unit: %Contained Metal: 23.9Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:47ba74397198a61d0a4f
- Deposit or zone
- San Miguel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1300000
- Grade
- 0.83
- Grade Unit
- %
- Contained Metal
- 23.9
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 258
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Miguel Indicated resource includes a moderate lead grade, contributing positively to the project's polymetallic nature.
Positive factors
- Indicated resource category provides good confidence
- Moderate lead grade
Negative factors
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.83”
Context: 1.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · zincTonnes: 1300000Grade: 1.11Grade Unit: %Contained Metal: 31.7Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:47ba74397198a61d0a4f
- Deposit or zone
- San Miguel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1300000
- Grade
- 1.11
- Grade Unit
- %
- Contained Metal
- 31.7
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 258
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Miguel Indicated resource includes a moderate zinc grade, contributing positively to the project's polymetallic nature.
Positive factors
- Indicated resource category provides good confidence
- Moderate zinc grade
Negative factors
- Metal equivalent assumptions not fully disclosed
Evidence · table
“1.11”
Context: 1.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · silverTonnes: 2030000Grade: 170Grade Unit: g/tContained Metal: 11117Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:f0e07f287ba2d2b48a05
- Deposit or zone
- San Miguel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2030000
- Grade
- 170
- Grade Unit
- g/t
- Contained Metal
- 11117
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 249
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Miguel Inferred resource adds significant silver tonnage to the project, but its lower confidence category limits its immediate impact.
Positive factors
- Good silver grade
- Significant tonnage
Negative factors
- Inferred resource category implies lower confidence
- Metal equivalent assumptions not fully disclosed
Evidence · table
“170”
Context: 2.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · goldTonnes: 2030000Grade: 0.14Grade Unit: g/tContained Metal: 9.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:f0e07f287ba2d2b48a05
- Deposit or zone
- San Miguel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2030000
- Grade
- 0.14
- Grade Unit
- g/t
- Contained Metal
- 9.3
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 249
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Miguel Inferred resource includes a very low gold grade, which is a minor contributor to the overall project value.
Negative factors
- Inferred resource category implies lower confidence
- Very low gold grade
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.14”
Context: 2.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · leadTonnes: 2030000Grade: 1.02Grade Unit: %Contained Metal: 45.5Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:f0e07f287ba2d2b48a05
- Deposit or zone
- San Miguel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2030000
- Grade
- 1.02
- Grade Unit
- %
- Contained Metal
- 45.5
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 249
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Miguel Inferred resource includes a moderate lead grade, contributing positively to the project's polymetallic nature, but with lower confidence.
Positive factors
- Moderate lead grade
Negative factors
- Inferred resource category implies lower confidence
- Metal equivalent assumptions not fully disclosed
Evidence · table
“1.02”
Context: 2.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · zincTonnes: 2030000Grade: 1.42Grade Unit: %Contained Metal: 63.5Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:f0e07f287ba2d2b48a05
- Deposit or zone
- San Miguel
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2030000
- Grade
- 1.42
- Grade Unit
- %
- Contained Metal
- 63.5
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 249
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The San Miguel Inferred resource includes a moderate zinc grade, contributing positively to the project's polymetallic nature, but with lower confidence.
Positive factors
- Moderate zinc grade
Negative factors
- Inferred resource category implies lower confidence
- Metal equivalent assumptions not fully disclosed
Evidence · table
“1.42”
Context: 2.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCusi · silverTonnes: 530000Grade: 285Grade Unit: g/tContained Metal: 4824Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:152ce9d72e242df0ce24
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 530000
- Grade
- 285
- Grade Unit
- g/t
- Contained Metal
- 4824
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 309
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Measured resource represents a high-confidence, high-grade silver component, which is a strong positive for the project.
Positive factors
- Highest confidence Measured resource category
- High silver grade
- Significant contained metal
Negative factors
- Metal equivalent assumptions not fully disclosed
Evidence · table
“285”
Context: 0.53
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCusi · goldTonnes: 530000Grade: 0.08Grade Unit: g/tContained Metal: 1.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:152ce9d72e242df0ce24
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 530000
- Grade
- 0.08
- Grade Unit
- g/t
- Contained Metal
- 1.3
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 309
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Measured resource includes an extremely low gold grade, which is a negligible contributor to the overall project value.
Positive factors
- Highest confidence Measured resource category
Negative factors
- Extremely low gold grade
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.08”
Context: 0.53
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCusi · leadTonnes: 530000Grade: 0.3Grade Unit: %Contained Metal: 3.4Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:152ce9d72e242df0ce24
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 530000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 3.4
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 309
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Measured resource includes a low lead grade, which is a minor contributor to the overall project value.
Positive factors
- Highest confidence Measured resource category
Negative factors
- Low lead grade
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.3”
Context: 0.53
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCusi · zincTonnes: 530000Grade: 0.36Grade Unit: %Contained Metal: 4.1Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:152ce9d72e242df0ce24
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 530000
- Grade
- 0.36
- Grade Unit
- %
- Contained Metal
- 4.1
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 309
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Measured resource includes a low zinc grade, which is a minor contributor to the overall project value.
Positive factors
- Highest confidence Measured resource category
Negative factors
- Low zinc grade
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.36”
Context: 0.53
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · silverTonnes: 240000Grade: 211Grade Unit: g/tContained Metal: 1609Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:a29c18b71d592faca127
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 240000
- Grade
- 211
- Grade Unit
- g/t
- Contained Metal
- 1609
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 264
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Indicated resource shows a good silver grade, contributing to the overall project, but the tonnage is relatively small and it is not a new estimate.
Positive factors
- Indicated resource category provides good confidence
- High silver grade
Negative factors
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“211”
Context: 0.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · goldTonnes: 240000Grade: 0.19Grade Unit: g/tContained Metal: 1.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:a29c18b71d592faca127
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 240000
- Grade
- 0.19
- Grade Unit
- g/t
- Contained Metal
- 1.5
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 264
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Indicated resource includes a very low gold grade, which is a minor contributor to the overall project value.
Positive factors
- Indicated resource category provides good confidence
Negative factors
- Very low gold grade
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.19”
Context: 0.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · leadTonnes: 240000Grade: 0.81Grade Unit: %Contained Metal: 4.2Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:a29c18b71d592faca127
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 240000
- Grade
- 0.81
- Grade Unit
- %
- Contained Metal
- 4.2
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 264
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Indicated resource includes a moderate lead grade, contributing positively to the project's polymetallic nature.
Positive factors
- Indicated resource category provides good confidence
- Moderate lead grade
Negative factors
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.81”
Context: 0.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · zincTonnes: 240000Grade: 0.6Grade Unit: %Contained Metal: 3.1Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:a29c18b71d592faca127
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 240000
- Grade
- 0.6
- Grade Unit
- %
- Contained Metal
- 3.1
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 264
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Indicated resource includes a moderate zinc grade, contributing positively to the project's polymetallic nature.
Positive factors
- Indicated resource category provides good confidence
- Moderate zinc grade
Negative factors
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.6”
Context: 0.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · silverTonnes: 760000Grade: 262Grade Unit: g/tContained Metal: 6432Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:f09838aac6eb9a09151a
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 760000
- Grade
- 262
- Grade Unit
- g/t
- Contained Metal
- 6432
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 295
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East M+I resource represents a significant, high-confidence silver component, which is a strong positive for the project.
Positive factors
- Combined Measured and Indicated resource provides good confidence
- High silver grade
- Significant contained metal
Negative factors
- Metal equivalent assumptions not fully disclosed
Evidence · table
“262”
Context: 0.76
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · goldTonnes: 760000Grade: 0.11Grade Unit: g/tContained Metal: 2.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:f09838aac6eb9a09151a
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 760000
- Grade
- 0.11
- Grade Unit
- g/t
- Contained Metal
- 2.8
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 295
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East M+I resource includes an extremely low gold grade, which is a negligible contributor to the overall project value.
Positive factors
- Combined Measured and Indicated resource provides good confidence
Negative factors
- Extremely low gold grade
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.11”
Context: 0.76
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · leadTonnes: 760000Grade: 0.46Grade Unit: %Contained Metal: 7.7Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:f09838aac6eb9a09151a
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 760000
- Grade
- 0.46
- Grade Unit
- %
- Contained Metal
- 7.7
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 295
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East M+I resource includes a moderate lead grade, contributing positively to the project's polymetallic nature.
Positive factors
- Combined Measured and Indicated resource provides good confidence
- Moderate lead grade
Negative factors
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.46”
Context: 0.76
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCusi · zincTonnes: 760000Grade: 0.43Grade Unit: %Contained Metal: 7.2Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:f09838aac6eb9a09151a
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 760000
- Grade
- 0.43
- Grade Unit
- %
- Contained Metal
- 7.2
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 295
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East M+I resource includes a moderate zinc grade, contributing positively to the project's polymetallic nature.
Positive factors
- Combined Measured and Indicated resource provides good confidence
- Moderate zinc grade
Negative factors
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.43”
Context: 0.76
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · silverTonnes: 210000Grade: 231Grade Unit: g/tContained Metal: 1520Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:c528db7f9a7fe313ade0
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 231
- Grade Unit
- g/t
- Contained Metal
- 1520
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 301
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Inferred resource shows a high silver grade but is in the lowest confidence category and has a small tonnage, limiting its current impact.
Positive factors
- High silver grade
Negative factors
- Inferred resource category implies lower confidence
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“231”
Context: 0.21
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · goldTonnes: 210000Grade: 0.32Grade Unit: g/tContained Metal: 2.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:c528db7f9a7fe313ade0
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.32
- Grade Unit
- g/t
- Contained Metal
- 2.1
- Contained Unit
- koz
Metal Equivalent
- Metal Eq. Grade
- 301
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Inferred resource includes a low gold grade, which is a minor contributor to the overall project value.
Negative factors
- Inferred resource category implies lower confidence
- Low gold grade
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.32”
Context: 0.21
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · leadTonnes: 210000Grade: 0.86Grade Unit: %Contained Metal: 3.9Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- lead
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:c528db7f9a7fe313ade0
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.86
- Grade Unit
- %
- Contained Metal
- 3.9
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 301
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Inferred resource includes a moderate lead grade, contributing positively to the project's polymetallic nature, but with lower confidence.
Positive factors
- Moderate lead grade
Negative factors
- Inferred resource category implies lower confidence
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.86”
Context: 0.21
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCusi · zincTonnes: 210000Grade: 0.83Grade Unit: %Contained Metal: 3.8Contained Unit: mlbView all detailsHide details
Identity
- Project
- Cusi
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Chihuahua State, Mexico
- Ticker
- SICO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nico Harvey
- Resource group id
- resource:c528db7f9a7fe313ade0
- Deposit or zone
- Promontorio East
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.83
- Grade Unit
- %
- Contained Metal
- 3.8
- Contained Unit
- mlb
Metal Equivalent
- Metal Eq. Grade
- 301
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-17T00:00:00.000Z
Reasoning: The Promontorio East Inferred resource includes a moderate zinc grade, contributing positively to the project's polymetallic nature, but with lower confidence.
Positive factors
- Moderate zinc grade
Negative factors
- Inferred resource category implies lower confidence
- Relatively small tonnage
- Metal equivalent assumptions not fully disclosed
Evidence · table
“0.83”
Context: 0.21
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
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.