Southern Empire Pursues the Suaqui Verde Copper Deposit in northwestern México
Original announcement by tmx on
- Company
- Southern Empire Resources Corp.
- Ticker
- SMP
- Exchange
- TSX
- Region
- northwestern México
- Primary commodity
- Copper
- Secondary commodities
- None reported
- Document categories
- Resource update, Agreement transaction, Metallurgy
- Extracted
- 2026-09-16 23:09:06 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Southern Empire Resources Corp. has entered into an agreement to acquire up to a 100% interest in the Suaqui Verde Copper Project in northwestern México. The project contains a historical open pit mineral resource estimate from 2008, which is not compliant with current NI 43-101 standards. Historical metallurgical test work suggests the copper mineralization is amenable to heap leaching or in-situ leaching with SX-EW processing.
Reasoning: Southern Empire is acquiring an option for a copper project in Mexico with a historical resource estimate. The acquisition terms are clear and represent a new opportunity for the company, but the resource data is old and not compliant with current standards, requiring significant future work to validate.
Positive factors
- Acquisition of a copper project in a mining-friendly jurisdiction
- Clear path to 100% ownership through staged option agreement
- Historical resource estimate provides a baseline for future exploration
Negative factors
- Resource estimate is historical and not compliant with current reporting standards
- No QP has done sufficient work to classify the historical estimate as current
- Metallurgical test work is historical and lacks specific recovery data
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 26
Classification and evidence
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: The disclosure includes a theoretical recovery figure, distinct from actual test results
Extracted facts
Stored fact records: 21. Some facts used in scoring do not have a stored record.
Resource Estimates (19)
indicatedSuaqui Verde Copper Project · copperTonnes: 22370000Grade: 0.362Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:f03bf72235ae5133675b
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 22370000
- Grade
- 0.362
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“22,370”
Context: 0.30
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 1603000Grade: 0.375Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:d5dc6c8ccb119d17346d
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 1603000
- Grade
- 0.375
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“1,603”
Context: 0.30
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
indicatedSuaqui Verde Copper Project · copperTonnes: 31194000Grade: 0.341Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:f142d86a30b535838202
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 31194000
- Grade
- 0.341
- Grade Unit
- %
- Cutoff Grade
- 0.28
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“31,194”
Context: 0.28
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 1916000Grade: 0.361Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:82429a6a2e39d8a48816
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 1916000
- Grade
- 0.361
- Grade Unit
- %
- Cutoff Grade
- 0.28
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“1,916”
Context: 0.28
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
indicatedSuaqui Verde Copper Project · copperTonnes: 43534000Grade: 0.321Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:089ff7adee2f530cb61b
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 43534000
- Grade
- 0.321
- Grade Unit
- %
- Cutoff Grade
- 0.26
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“43,534”
Context: 0.26
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 2497000Grade: 0.34Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:749699f033499ed26ac5
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 2497000
- Grade
- 0.34
- Grade Unit
- %
- Cutoff Grade
- 0.26
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“2,497”
Context: 0.26
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
indicatedSuaqui Verde Copper Project · copperTonnes: 51261000Grade: 0.311Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:57fd533ebc6c693ce0d4
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 51261000
- Grade
- 0.311
- Grade Unit
- %
- Cutoff Grade
- 0.25
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“51,261”
Context: 0.25
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 2921000Grade: 0.328Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:de0a3eb43965cf2ec52d
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 2921000
- Grade
- 0.328
- Grade Unit
- %
- Cutoff Grade
- 0.25
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“2,921”
Context: 0.25
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
indicatedSuaqui Verde Copper Project · copperTonnes: 59699000Grade: 0.301Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:cf1124fea63f69f1a91c
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 59699000
- Grade
- 0.301
- Grade Unit
- %
- Cutoff Grade
- 0.24
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“59,699”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 3281000Grade: 0.318Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:0d4ab829c9f91f06e40f
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 3281000
- Grade
- 0.318
- Grade Unit
- %
- Cutoff Grade
- 0.24
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“3,281”
Context: 0.24
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
indicatedSuaqui Verde Copper Project · copperTonnes: 80070000Grade: 0.281Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:48039108b97c93887caf
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 80070000
- Grade
- 0.281
- Grade Unit
- %
- Cutoff Grade
- 0.22
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“80,070”
Context: 0.22
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 3996000Grade: 0.302Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:a397798008b5c21a84c1
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 3996000
- Grade
- 0.302
- Grade Unit
- %
- Cutoff Grade
- 0.22
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“3,996”
Context: 0.22
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
indicatedSuaqui Verde Copper Project · copperTonnes: 106159000Grade: 0.265Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:23fb7118ed56a1fd1b55
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 106159000
- Grade
- 0.265
- Grade Unit
- %
- Cutoff Grade
- 0.2
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“106,159”
Context: 0.20
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 5113000Grade: 0.282Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:0b1372c8a99a6229c1b8
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 5113000
- Grade
- 0.282
- Grade Unit
- %
- Cutoff Grade
- 0.2
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“5,113”
Context: 0.20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
indicatedSuaqui Verde Copper Project · copperTonnes: 153035000Grade: 0.238Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:85f2c2ba648578eaf686
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 153035000
- Grade
- 0.238
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“153,035”
Context: 0.15
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 8603000Grade: 0.239Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:d99ebeaa1ccef3d0938d
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 8603000
- Grade
- 0.239
- Grade Unit
- %
- Cutoff Grade
- 0.15
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“8,603”
Context: 0.15
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
indicatedSuaqui Verde Copper Project · copperTonnes: 160053000Grade: 0.234Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:bbe2983cb90ed59aab51
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 160053000
- Grade
- 0.234
- Grade Unit
- %
- Cutoff Grade
- 0.1
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical indicated resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
Evidence · table
“160,053”
Context: 0.10
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredSuaqui Verde Copper Project · copperTonnes: 10575000Grade: 0.217Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2008-06-10T00:00:00.000Z
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:53d18ed02f4a35a5c794
- Deposit or zone
- Suaqui Verde
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 10575000
- Grade
- 0.217
- Grade Unit
- %
- Cutoff Grade
- 0.1
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2008-06-10
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2008-06-10T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate from 2008, not compliant with current standards, providing a baseline but requiring verification.
Negative factors
- Historical estimate only
- Not NI 43-101 compliant
- No QP sign-off for current resource
- Inferred resource category
Evidence · table
“10,575”
Context: 0.10
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.2 years before this release
inferredOro Cruz Project · goldTonnes: 4386000Grade: 2.2Grade Unit: g/tContained Metal: 341800Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oro Cruz Project
- Commodity
- gold
- Region
- imperial county, california
- Reported Region
- Imperial County, California
- Ticker
- SMP
Resource scope
- Estimate type
- resource
- Effective date
- 2011-04-29T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- No
- Resource group id
- resource:10982c9f0d3b991cf7de
Resource Data
- Category
- inferred
- Tonnes
- 4386000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 341800
- Contained Unit
- oz
- Cutoff Grade
- 0.68
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2011-04-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2011-04-29T00:00:00.000Z
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical inferred resource estimate for the Oro Cruz Project from 2011, compliant with NI 43-101 but not verified as current by a QP.
Negative factors
- Historical estimate only
- No QP sign-off for current resource
- Inferred resource category
Evidence · text
“totalling 341,800 ounces gold based on 4,386,000 tonnes averaging 2.2 grams gold per tonne at a cut-off grade of 0.68 g/t Au”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
Metallurgical Results (2)
unspecifiedSuaqui Verde Copper Project · copperHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Test Work
- Program Status
- scoping
- Test Type
- unspecified
- Processing Route
- heap leach and SX-EW
Recovery
- Recovery Basis
- theoretical
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical metallurgical test work suggests amenability to heap leach and SX-EW, but lacks specific recovery data, limiting its current utility.
Positive factors
- Indication of potential processing routes
Negative factors
- No specific recovery percentages
- Historical test work only
- Theoretical basis for recovery
Evidence · text
“Historical metallurgical test work indicates that Suaqui Verde copper mineralization should be amenable to either conventional open pit mining and heap leach copper extraction, or alternatively, in-situ leaching. If either of these operational methods were to be implemented, they would produce a copper-enriched solution from which high-purity cathode copper could subsequently be produced by SX-EW (solvent extraction-electrowinning) processing.”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
unspecifiedSuaqui Verde Copper Project · copperHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Suaqui Verde Copper Project
- Commodity
- copper
- Region
- northwestern méxico
- Reported Region
- northwestern México
- Ticker
- SMP
Test Work
- Program Status
- scoping
- Test Type
- unspecified
- Processing Route
- in-situ leaching and SX-EW
Recovery
- Recovery Basis
- theoretical
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2023-08-28T00:00:00.000Z
Reasoning: Historical metallurgical test work suggests amenability to in-situ leaching and SX-EW, but lacks specific recovery data, limiting its current utility.
Positive factors
- Indication of potential processing routes
Negative factors
- No specific recovery percentages
- Historical test work only
- Theoretical basis for recovery
Evidence · text
“Historical metallurgical test work indicates that Suaqui Verde copper mineralization should be amenable to either conventional open pit mining and heap leach copper extraction, or alternatively, in-situ leaching. If either of these operational methods were to be implemented, they would produce a copper-enriched solution from which high-purity cathode copper could subsequently be produced by SX-EW (solvent extraction-electrowinning) processing.”
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
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.