Updated: Mithril Silver and Gold June 2026 Quarterly Report Upgraded T1 MRE and District Expansion Drill Program

Original announcement by tmx on

Company
Mithril Silver and Gold Limited
Ticker
MSG
Exchange
TSX
Region
Durango State, Mexico
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Drill results, Resource update, Other
Extracted
2026-09-18 10:39:42 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Mithril Silver and Gold Limited announced an updated Mineral Resource Estimate for its Copalquin Target 1 project in Mexico, showing a 196% increase in indicated gold and silver resources. The MRE now totals 343 koz gold and 8.479 Moz silver (464 koz AuEq) in the indicated category, and 103 koz gold and 3.398 Moz silver (151 koz AuEq) in the inferred category, constrained by preliminary underground mining shapes. The company also reported high-grade drill results from ongoing exploration at Targets 3 and 5, with notable intercepts including 33.2 g/t gold over 0.5m and 15.25 g/t gold over 0.5m. The company is fully funded for its remaining 2026 drill program.

Reasoning: The company reported a substantial upgrade to its Target 1 Mineral Resource Estimate, significantly increasing indicated gold and silver resources, alongside high-grade drill results from ongoing exploration at Targets 3 and 5. The MRE incorporates mining shapes for improved realism, and the company is funded for its current drill program, despite a short funding runway.

Positive factors

  • Significant MRE upgrade with 196% increase in indicated resources
  • High-grade drill intercepts from expansion drilling
  • Resource constrained by preliminary underground mining shapes, providing a more realistic basis for future studies
  • Project remains open along strike and at depth with multiple expansion opportunities
  • Fully funded for remaining 2026 drill program

Negative factors

  • Estimated quarters of funding available is less than 2 quarters, indicating potential near-term financing needs

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 194

Classification and evidence

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: A current resource fact retains the disclosed cut-off grade

Extracted facts

Stored fact records: 194. Some facts used in scoring do not have a stored record.

Drill Results (192)

MA26-001*Copalquin · goldGrade: 6.2Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
MA26-001*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
6.2
Grade Unit
g/t
Intercept
0.85 m
From
122.8 m
To
123.65 m
Intercept Depth
122.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
MA26-001*:122.8-123.65
Mining Method
underground

Location

Location
Target 5
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
17.11
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: High-grade gold intercept of 6.20 g/t over 0.85m, contributing to the expansion of known mineralization at Target 5.

Positive factors

  • High-grade gold intercept
  • Bonanza Intercept
  • Step-Out Extension

Evidence · table

“6.20”

Context: 0.85

Tags used in scoring

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 6.20 g/t gold is well above the exceptional threshold for epithermal gold (5 g/t).

Evidence · table

“6.20”

Context: 0.85

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area.

Evidence · text

“Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area”

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

MA26-001*Copalquin · silverGrade: 764Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
MA26-001*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
764
Grade Unit
g/t
Intercept
0.85 m
From
122.8 m
To
123.65 m
Intercept Depth
122.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
MA26-001*:122.8-123.65
Mining Method
underground

Location

Location
Target 5
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
17.11
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: High-grade silver intercept of 764.0 g/t over 0.85m, contributing to the expansion of known mineralization at Target 5.

Positive factors

  • High-grade silver intercept
  • Bonanza Intercept
  • Step-Out Extension

Evidence · table

“764.0”

Context: 0.85

Tags used in scoring

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 764.0 g/t silver is well above the exceptional threshold for epithermal silver (500 g/t).

Evidence · table

“764.0”

Context: 0.85

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area.

Evidence · text

“Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area”

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

MA26-001*Copalquin · goldGrade: 1.16Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
MA26-001*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.16
Grade Unit
g/t
Intercept
0.75 m
From
169.45 m
To
170.2 m
Intercept Depth
169.45 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
MA26-001*:169.45-170.2
Mining Method
underground

Location

Location
Target 5
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept, contributing to the expansion of known mineralization at Target 5.

Positive factors

  • Step-Out Extension

Evidence · table

“1.16”

Context: 0.75

Tags used in scoring

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area.

Evidence · text

“Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area”

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

MA26-001*Copalquin · silverGrade: 18.1Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
MA26-001*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
18.1
Grade Unit
g/t
Intercept
0.75 m
From
169.45 m
To
170.2 m
Intercept Depth
169.45 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
MA26-001*:169.45-170.2
Mining Method
underground

Location

Location
Target 5
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept, contributing to the expansion of known mineralization at Target 5.

Positive factors

  • Step-Out Extension

Evidence · table

“18.1”

Context: 0.75

Tags used in scoring

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area.

Evidence · text

“Drilling at Target 5 has expanded the known gold-silver mineralisation with high grades intercepted at the La Maquina area”

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002Copalquin · goldGrade: 0.14Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
JA26-002
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.14
Grade Unit
g/t
Intercept
0.6 m
From
29.35 m
To
29.95 m
Intercept Depth
29.35 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002:29.35-29.95
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.14”

Context: 0.60

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002Copalquin · silverGrade: 10.9Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
JA26-002
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
10.9
Grade Unit
g/t
Intercept
0.6 m
From
29.35 m
To
29.95 m
Intercept Depth
29.35 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002:29.35-29.95
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“10.9”

Context: 0.60

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002Copalquin · goldGrade: 0.16Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
JA26-002
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.16
Grade Unit
g/t
Intercept
1 m
From
35 m
To
36 m
Intercept Depth
35 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002:35-36
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.26
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.16”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002Copalquin · silverGrade: 7.6Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
JA26-002
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
7.6
Grade Unit
g/t
Intercept
1 m
From
35 m
To
36 m
Intercept Depth
35 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002:35-36
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.26
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“7.6”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002Copalquin · goldGrade: 0.95Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
JA26-002
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.95
Grade Unit
g/t
Intercept
0.5 m
From
36 m
To
36.5 m
Intercept Depth
36 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002:36-36.5
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.67
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.95”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002Copalquin · silverGrade: 120Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
JA26-002
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
120
Grade Unit
g/t
Intercept
0.5 m
From
36 m
To
36.5 m
Intercept Depth
36 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002:36-36.5
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.67
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept, part of initial drilling at Target 3.

Evidence · table

“120.0”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002Copalquin · goldGrade: 0.33Grade Unit: g/tIntercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
JA26-002
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.33
Grade Unit
g/t
Intercept
1.35 m
From
92 m
To
93.35 m
Intercept Depth
92 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002:92-93.35
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.34
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.33”

Context: 1.35

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002Copalquin · silverGrade: 0.5Grade Unit: g/tIntercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
JA26-002
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.5
Grade Unit
g/t
Intercept
1.35 m
From
92 m
To
93.35 m
Intercept Depth
92 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002:92-93.35
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.34
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“0.5”

Context: 1.35

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002*Copalquin · goldGrade: 2.79Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
JA26-002*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.79
Grade Unit
g/t
Intercept
0.9 m
From
155.45 m
To
156.35 m
Intercept Depth
155.45 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002*:155.45-156.35
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
4.95
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong gold intercept, part of initial drilling at Target 3.

Evidence · table

“2.79”

Context: 0.90

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-002*Copalquin · silverGrade: 151Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
JA26-002*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
151
Grade Unit
g/t
Intercept
0.9 m
From
155.45 m
To
156.35 m
Intercept Depth
155.45 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-002*:155.45-156.35
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
4.95
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong silver intercept, part of initial drilling at Target 3.

Evidence · table

“151.0”

Context: 0.90

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-003Copalquin · goldGrade: 0.23Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
JA26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.23
Grade Unit
g/t
Intercept
1 m
From
57.45 m
To
58.45 m
Intercept Depth
57.45 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-003:57.45-58.45
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.25
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.23”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-003Copalquin · silverGrade: 1.2Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
JA26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
1 m
From
57.45 m
To
58.45 m
Intercept Depth
57.45 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-003:57.45-58.45
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.25
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“1.2”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-003Copalquin · goldGrade: 0.26Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
JA26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.26
Grade Unit
g/t
Intercept
0.85 m
From
69.65 m
To
70.5 m
Intercept Depth
69.65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-003:69.65-70.5
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.33
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.26”

Context: 0.85

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-003Copalquin · silverGrade: 5.2Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
JA26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
5.2
Grade Unit
g/t
Intercept
0.85 m
From
69.65 m
To
70.5 m
Intercept Depth
69.65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-003:69.65-70.5
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.33
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“5.2”

Context: 0.85

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-004Copalquin · goldGrade: 0.38Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
JA26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.38
Grade Unit
g/t
Intercept
1.5 m
From
27.95 m
To
29.45 m
Intercept Depth
27.95 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-004:27.95-29.45
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.38”

Context: 1.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-004Copalquin · silverGrade: 3.3Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
JA26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
3.3
Grade Unit
g/t
Intercept
1.5 m
From
27.95 m
To
29.45 m
Intercept Depth
27.95 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-004:27.95-29.45
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“3.3”

Context: 1.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-004Copalquin · goldGrade: 0.12Grade Unit: g/tIntercept: 2.1 mView all details
Link to this fact

Identity

Hole ID
JA26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.12
Grade Unit
g/t
Intercept
2.1 m
From
34.7 m
To
36.8 m
Intercept Depth
34.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-004:34.7-36.8
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.12”

Context: 2.1

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-004Copalquin · silverGrade: 18.4Grade Unit: g/tIntercept: 2.1 mView all details
Link to this fact

Identity

Hole ID
JA26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
18.4
Grade Unit
g/t
Intercept
2.1 m
From
34.7 m
To
36.8 m
Intercept Depth
34.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-004:34.7-36.8
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“18.4”

Context: 2.1

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-004*Copalquin · goldGrade: 6.91Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
JA26-004*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
6.91
Grade Unit
g/t
Intercept
0.5 m
From
102.5 m
To
103 m
Intercept Depth
102.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-004*:102.5-103
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
13.7
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: High-grade gold intercept of 6.91 g/t over 0.5m, part of initial drilling at Target 3.

Positive factors

  • High-grade gold intercept
  • Bonanza Intercept

Evidence · table

“6.91”

Context: 0.50

Tags used in scoring

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 6.91 g/t gold is well above the exceptional threshold for epithermal gold (5 g/t).

Evidence · table

“6.91”

Context: 0.50

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-004*Copalquin · silverGrade: 475Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
JA26-004*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
475
Grade Unit
g/t
Intercept
0.5 m
From
102.5 m
To
103 m
Intercept Depth
102.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-004*:102.5-103
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
13.7
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong silver intercept, part of initial drilling at Target 3.

Evidence · table

“475.0”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-006*Copalquin · goldGrade: 1.12Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
JA26-006*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.12
Grade Unit
g/t
Intercept
0.65 m
From
54.5 m
To
55.15 m
Intercept Depth
54.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-006*:54.5-55.15
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.37
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept, part of initial drilling at Target 3.

Evidence · table

“1.12”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

JA26-006*Copalquin · silverGrade: 17.8Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
JA26-006*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
17.8
Grade Unit
g/t
Intercept
0.65 m
From
54.5 m
To
55.15 m
Intercept Depth
54.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
JA26-006*:54.5-55.15
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.37
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept, part of initial drilling at Target 3.

Evidence · table

“17.8”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-001Copalquin · goldGrade: 0.27Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
GU26-001
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.27
Grade Unit
g/t
Intercept
1 m
From
6.7 m
To
7.7 m
Intercept Depth
6.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-001:6.7-7.7
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.29
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.27”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-001Copalquin · silverGrade: 1.2Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
GU26-001
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
1 m
From
6.7 m
To
7.7 m
Intercept Depth
6.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-001:6.7-7.7
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.29
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“1.2”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-001Copalquin · goldGrade: 0.16Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
GU26-001
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.16
Grade Unit
g/t
Intercept
1 m
From
25.7 m
To
26.7 m
Intercept Depth
25.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-001:25.7-26.7
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.16”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-001Copalquin · silverGrade: 17Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
GU26-001
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
17
Grade Unit
g/t
Intercept
1 m
From
25.7 m
To
26.7 m
Intercept Depth
25.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-001:25.7-26.7
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“17.0”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-001Copalquin · goldGrade: 1.02Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
GU26-001
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.02
Grade Unit
g/t
Intercept
0.7 m
From
74.3 m
To
75 m
Intercept Depth
74.3 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-001:74.3-75
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept, part of initial drilling at Target 3.

Evidence · table

“1.02”

Context: 0.70

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-001Copalquin · silverGrade: 68.4Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
GU26-001
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
68.4
Grade Unit
g/t
Intercept
0.7 m
From
74.3 m
To
75 m
Intercept Depth
74.3 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-001:74.3-75
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept, part of initial drilling at Target 3.

Evidence · table

“68.4”

Context: 0.70

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-001Copalquin · goldGrade: 0.5Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-001
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.5
Grade Unit
g/t
Intercept
0.5 m
From
79.5 m
To
80 m
Intercept Depth
79.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-001:79.5-80
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.52
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.50”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-001Copalquin · silverGrade: 1.5Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-001
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.5
Grade Unit
g/t
Intercept
0.5 m
From
79.5 m
To
80 m
Intercept Depth
79.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-001:79.5-80
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.52
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept, part of initial drilling at Target 3.

Evidence · table

“1.5”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-002*Copalquin · goldGrade: 33.2Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-002*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
33.2
Grade Unit
g/t
Intercept
0.5 m
From
134.95 m
To
135.45 m
Intercept Depth
134.95 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-002*:134.95-135.45
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
33.28
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Exceptional high-grade gold intercept of 33.20 g/t over 0.5m, part of initial drilling at Target 3.

Positive factors

  • Exceptional high-grade gold intercept
  • Bonanza Intercept

Evidence · table

“33.20”

Context: 0.50

Tags used in scoring

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 33.20 g/t gold is well above the exceptional threshold for epithermal gold (5 g/t).

Evidence · table

“33.20”

Context: 0.50

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-002*Copalquin · silverGrade: 5.9Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-002*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
5.9
Grade Unit
g/t
Intercept
0.5 m
From
134.95 m
To
135.45 m
Intercept Depth
134.95 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-002*:134.95-135.45
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
33.28
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept alongside exceptional gold, part of initial drilling at Target 3.

Evidence · table

“5.9”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-003Copalquin · goldGrade: 0.69Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
GU26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.69
Grade Unit
g/t
Intercept
1 m
From
19.2 m
To
20.2 m
Intercept Depth
19.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-003:19.2-20.2
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.69”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-003Copalquin · silverGrade: 0.9Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
GU26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.9
Grade Unit
g/t
Intercept
1 m
From
19.2 m
To
20.2 m
Intercept Depth
19.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-003:19.2-20.2
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept, part of initial drilling at Target 3.

Evidence · table

“0.9”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-003Copalquin · goldGrade: 0.29Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
GU26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.29
Grade Unit
g/t
Intercept
1 m
From
20.2 m
To
21.2 m
Intercept Depth
20.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-003:20.2-21.2
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.29”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-003Copalquin · silverGrade: 2.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
GU26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.1
Grade Unit
g/t
Intercept
1 m
From
20.2 m
To
21.2 m
Intercept Depth
20.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-003:20.2-21.2
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.32
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“2.1”

Context: 1.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-003Copalquin · goldGrade: 0.49Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
GU26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.49
Grade Unit
g/t
Intercept
2 m
From
19.2 m
To
21.2 m
Intercept Depth
19.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-003:19.2-21.2
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.51
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.49”

Context: 2.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-003Copalquin · silverGrade: 1.5Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
GU26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.5
Grade Unit
g/t
Intercept
2 m
From
19.2 m
To
21.2 m
Intercept Depth
19.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-003:19.2-21.2
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.51
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept, part of initial drilling at Target 3.

Evidence · table

“1.5”

Context: 2.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-003*Copalquin · goldGrade: 0.76Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-003*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.76
Grade Unit
g/t
Intercept
0.5 m
From
68.65 m
To
69.15 m
Intercept Depth
68.65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-003*:68.65-69.15
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.16
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.76”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-003*Copalquin · silverGrade: 27.7Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-003*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
27.7
Grade Unit
g/t
Intercept
0.5 m
From
68.65 m
To
69.15 m
Intercept Depth
68.65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-003*:68.65-69.15
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.16
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept, part of initial drilling at Target 3.

Evidence · table

“27.7”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · goldGrade: 0.28Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.28
Grade Unit
g/t
Intercept
0.5 m
From
11.1 m
To
11.6 m
Intercept Depth
11.1 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:11.1-11.6
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.28”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · silverGrade: 1.2Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
0.5 m
From
11.1 m
To
11.6 m
Intercept Depth
11.1 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:11.1-11.6
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“1.2”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · goldGrade: 0.41Grade Unit: g/tIntercept: 1.75 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.41
Grade Unit
g/t
Intercept
1.75 m
From
31.75 m
To
33.5 m
Intercept Depth
31.75 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:31.75-33.5
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.41”

Context: 1.75

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · silverGrade: 0.3Grade Unit: g/tIntercept: 1.75 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.3
Grade Unit
g/t
Intercept
1.75 m
From
31.75 m
To
33.5 m
Intercept Depth
31.75 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:31.75-33.5
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“0.3”

Context: 1.75

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · goldGrade: 0.37Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.37
Grade Unit
g/t
Intercept
0.5 m
From
33.5 m
To
34 m
Intercept Depth
33.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:33.5-34
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.37”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · silverGrade: 0.9Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.9
Grade Unit
g/t
Intercept
0.5 m
From
33.5 m
To
34 m
Intercept Depth
33.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:33.5-34
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“0.9”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · goldGrade: 0.8Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.8
Grade Unit
g/t
Intercept
0.5 m
From
62.3 m
To
62.8 m
Intercept Depth
62.3 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:62.3-62.8
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.81
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.80”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · silverGrade: 0.7Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.7
Grade Unit
g/t
Intercept
0.5 m
From
62.3 m
To
62.8 m
Intercept Depth
62.3 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:62.3-62.8
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.81
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept, part of initial drilling at Target 3.

Evidence · table

“0.7”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · goldGrade: 0.2Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.2
Grade Unit
g/t
Intercept
0.65 m
From
67.35 m
To
68 m
Intercept Depth
67.35 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:67.35-68
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.20”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · silverGrade: 6.7Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
6.7
Grade Unit
g/t
Intercept
0.65 m
From
67.35 m
To
68 m
Intercept Depth
67.35 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:67.35-68
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“6.7”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · goldGrade: 0.54Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.54
Grade Unit
g/t
Intercept
1.2 m
From
68 m
To
69.2 m
Intercept Depth
68 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:68-69.2
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.84
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.54”

Context: 1.20

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · silverGrade: 21.2Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
21.2
Grade Unit
g/t
Intercept
1.2 m
From
68 m
To
69.2 m
Intercept Depth
68 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:68-69.2
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.84
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept, part of initial drilling at Target 3.

Evidence · table

“21.2”

Context: 1.20

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004*Copalquin · goldGrade: 1.24Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
GU26-004*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.24
Grade Unit
g/t
Intercept
0.55 m
From
75.85 m
To
76.4 m
Intercept Depth
75.85 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004*:75.85-76.4
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.33
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept, part of initial drilling at Target 3.

Evidence · table

“1.24”

Context: 0.55

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004*Copalquin · silverGrade: 6.1Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
GU26-004*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
6.1
Grade Unit
g/t
Intercept
0.55 m
From
75.85 m
To
76.4 m
Intercept Depth
75.85 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004*:75.85-76.4
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.33
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept, part of initial drilling at Target 3.

Evidence · table

“6.1”

Context: 0.55

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · goldGrade: 0.26Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.26
Grade Unit
g/t
Intercept
0.55 m
From
80.5 m
To
81.05 m
Intercept Depth
80.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:80.5-81.05
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.26
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.26”

Context: 0.55

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-004Copalquin · silverGrade: 0.3Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
GU26-004
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.3
Grade Unit
g/t
Intercept
0.55 m
From
80.5 m
To
81.05 m
Intercept Depth
80.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-004:80.5-81.05
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.26
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“0.3”

Context: 0.55

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-005Copalquin · goldGrade: 0.19Grade Unit: g/tIntercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
GU26-005
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.19
Grade Unit
g/t
Intercept
0.8 m
From
32.2 m
To
33 m
Intercept Depth
32.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-005:32.2-33
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.19”

Context: 0.80

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-005Copalquin · silverGrade: 8.4Grade Unit: g/tIntercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
GU26-005
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
8.4
Grade Unit
g/t
Intercept
0.8 m
From
32.2 m
To
33 m
Intercept Depth
32.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-005:32.2-33
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“8.4”

Context: 0.80

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-005Copalquin · goldGrade: 0.39Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
GU26-005
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.39
Grade Unit
g/t
Intercept
1.5 m
From
48.65 m
To
50.15 m
Intercept Depth
48.65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-005:48.65-50.15
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.39”

Context: 1.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-005Copalquin · silverGrade: 2.4Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
GU26-005
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.4
Grade Unit
g/t
Intercept
1.5 m
From
48.65 m
To
50.15 m
Intercept Depth
48.65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-005:48.65-50.15
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“2.4”

Context: 1.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-005Copalquin · goldGrade: 0.18Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
GU26-005
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.18
Grade Unit
g/t
Intercept
0.6 m
From
68.3 m
To
68.9 m
Intercept Depth
68.3 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-005:68.3-68.9
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.18”

Context: 0.60

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

GU26-005Copalquin · silverGrade: 8.3Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
GU26-005
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
8.3
Grade Unit
g/t
Intercept
0.6 m
From
68.3 m
To
68.9 m
Intercept Depth
68.3 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
GU26-005:68.3-68.9
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“8.3”

Context: 0.60

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

CS26-002Copalquin · goldGrade: 0.13Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
CS26-002
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.13
Grade Unit
g/t
Intercept
0.5 m
From
48.65 m
To
49.15 m
Intercept Depth
48.65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
CS26-002:48.65-49.15
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.35
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.13”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

CS26-002Copalquin · silverGrade: 15.6Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
CS26-002
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
15.6
Grade Unit
g/t
Intercept
0.5 m
From
48.65 m
To
49.15 m
Intercept Depth
48.65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
CS26-002:48.65-49.15
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.35
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“15.6”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

CS26-002Copalquin · goldGrade: 0.26Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
CS26-002
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.26
Grade Unit
g/t
Intercept
1.5 m
From
54.5 m
To
56 m
Intercept Depth
54.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
CS26-002:54.5-56
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.29
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept, part of initial drilling at Target 3.

Evidence · table

“0.26”

Context: 1.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

CS26-002Copalquin · silverGrade: 1.9Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
CS26-002
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
1.5 m
From
54.5 m
To
56 m
Intercept Depth
54.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
CS26-002:54.5-56
Mining Method
underground

Location

Location
Target 3
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.29
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept, part of initial drilling at Target 3.

Evidence · table

“1.9”

Context: 1.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-001Copalquin · goldGrade: 0.85Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
RE26-001
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.85
Grade Unit
g/t
Intercept
1.2 m
From
304 m
To
305.2 m
Intercept Depth
304 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-001:304-305.2
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.31
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“0.85”

Context: 1.20

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-001Copalquin · silverGrade: 32.7Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
RE26-001
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
32.7
Grade Unit
g/t
Intercept
1.2 m
From
304 m
To
305.2 m
Intercept Depth
304 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-001:304-305.2
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.31
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“32.7”

Context: 1.20

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-001Copalquin · goldGrade: 1.02Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
RE26-001
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.02
Grade Unit
g/t
Intercept
4 m
From
313.15 m
To
317.15 m
Intercept Depth
313.15 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-001:313.15-317.15
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.47
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“1.02”

Context: 4.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-001Copalquin · silverGrade: 31.6Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
RE26-001
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
31.6
Grade Unit
g/t
Intercept
4 m
From
313.15 m
To
317.15 m
Intercept Depth
313.15 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-001:313.15-317.15
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.47
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“31.6”

Context: 4.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-001Copalquin · goldGrade: 4.36Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
RE26-001
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
4.36
Grade Unit
g/t
Intercept
0.5 m
From
316.65 m
To
317.15 m
Intercept Depth
316.65 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-001:316.65-317.15
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“4.36”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-001Copalquin · silverGrade: 50.2Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
RE26-001
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
50.2
Grade Unit
g/t
Intercept
0.5 m
From
316.65 m
To
317.15 m
Intercept Depth
316.65 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-001:316.65-317.15
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“50.2”

Context: 0.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-002Copalquin · goldGrade: 3.12Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
RE26-002
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
3.12
Grade Unit
g/t
Intercept
0.65 m
From
290.25 m
To
290.9 m
Intercept Depth
290.25 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-002:290.25-290.9
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
4.36
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“3.12”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-002Copalquin · silverGrade: 86.7Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
RE26-002
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
86.7
Grade Unit
g/t
Intercept
0.65 m
From
290.25 m
To
290.9 m
Intercept Depth
290.25 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-002:290.25-290.9
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
4.36
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“86.7”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003Copalquin · goldGrade: 0.24Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
RE26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.24
Grade Unit
g/t
Intercept
2 m
From
64.2 m
To
66.2 m
Intercept Depth
64.2 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003:64.2-66.2
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“0.24”

Context: 2.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003Copalquin · silverGrade: 12.3Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
RE26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
12.3
Grade Unit
g/t
Intercept
2 m
From
64.2 m
To
66.2 m
Intercept Depth
64.2 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003:64.2-66.2
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“12.3”

Context: 2.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003*Copalquin · goldGrade: 0.59Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
RE26-003*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.59
Grade Unit
g/t
Intercept
16 m
From
78.15 m
To
94.15 m
Intercept Depth
78.15 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003*:78.15-94.15
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.18
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept over a significant width from resource upgrade drilling at Target 1.

Evidence · table

“0.59”

Context: 16.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003*Copalquin · silverGrade: 41Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
RE26-003*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
41
Grade Unit
g/t
Intercept
16 m
From
78.15 m
To
94.15 m
Intercept Depth
78.15 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003*:78.15-94.15
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.18
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept over a significant width from resource upgrade drilling at Target 1.

Evidence · table

“41.0”

Context: 16.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003*Copalquin · goldGrade: 0.77Grade Unit: g/tIntercept: 6.8 mView all details
Link to this fact

Identity

Hole ID
RE26-003*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.77
Grade Unit
g/t
Intercept
6.8 m
From
78.95 m
To
85.75 m
Intercept Depth
78.95 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003*:78.95-85.75
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.44
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“0.77”

Context: 6.80

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003*Copalquin · silverGrade: 46.6Grade Unit: g/tIntercept: 6.8 mView all details
Link to this fact

Identity

Hole ID
RE26-003*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
46.6
Grade Unit
g/t
Intercept
6.8 m
From
78.95 m
To
85.75 m
Intercept Depth
78.95 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003*:78.95-85.75
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.44
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“46.6”

Context: 6.80

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003*Copalquin · goldGrade: 3.48Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
RE26-003*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
3.48
Grade Unit
g/t
Intercept
0.65 m
From
91.2 m
To
91.85 m
Intercept Depth
91.2 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003*:91.2-91.85
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
7.17
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“3.48”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003*Copalquin · silverGrade: 258Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
RE26-003*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
258
Grade Unit
g/t
Intercept
0.65 m
From
91.2 m
To
91.85 m
Intercept Depth
91.2 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003*:91.2-91.85
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
7.17
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“258.0”

Context: 0.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003Copalquin · goldGrade: 0.33Grade Unit: g/tIntercept: 1.3 mView all details
Link to this fact

Identity

Hole ID
RE26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.33
Grade Unit
g/t
Intercept
1.3 m
From
96.9 m
To
98.2 m
Intercept Depth
96.9 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003:96.9-98.2
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“0.33”

Context: 1.30

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003Copalquin · silverGrade: 76.4Grade Unit: g/tIntercept: 1.3 mView all details
Link to this fact

Identity

Hole ID
RE26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
76.4
Grade Unit
g/t
Intercept
1.3 m
From
96.9 m
To
98.2 m
Intercept Depth
96.9 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003:96.9-98.2
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“76.4”

Context: 1.30

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003Copalquin · goldGrade: 0.35Grade Unit: g/tIntercept: 9.05 mView all details
Link to this fact

Identity

Hole ID
RE26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.35
Grade Unit
g/t
Intercept
9.05 m
From
104.3 m
To
113.35 m
Intercept Depth
104.3 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003:104.3-113.35
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.82
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“0.35”

Context: 9.05

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003Copalquin · silverGrade: 33Grade Unit: g/tIntercept: 9.05 mView all details
Link to this fact

Identity

Hole ID
RE26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
33
Grade Unit
g/t
Intercept
9.05 m
From
104.3 m
To
113.35 m
Intercept Depth
104.3 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003:104.3-113.35
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.82
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“33.0”

Context: 9.05

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003Copalquin · goldGrade: 0.49Grade Unit: g/tIntercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
RE26-003
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.49
Grade Unit
g/t
Intercept
1.65 m
From
110.9 m
To
112.55 m
Intercept Depth
110.9 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003:110.9-112.55
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“0.49”

Context: 1.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-003Copalquin · silverGrade: 71Grade Unit: g/tIntercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
RE26-003
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
71
Grade Unit
g/t
Intercept
1.65 m
From
110.9 m
To
112.55 m
Intercept Depth
110.9 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-003:110.9-112.55
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“71.0”

Context: 1.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-004*Copalquin · goldGrade: 12.09Grade Unit: g/tIntercept: 3.45 mView all details
Link to this fact

Identity

Hole ID
RE26-004*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
12.09
Grade Unit
g/t
Intercept
3.45 m
From
153.9 m
To
157.35 m
Intercept Depth
153.9 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-004*:153.9-157.35
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
15.65
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Exceptional high-grade gold intercept of 12.09 g/t over 3.45m from resource upgrade drilling at Target 1.

Positive factors

  • Exceptional high-grade gold intercept
  • Bonanza Intercept

Evidence · table

“12.09”

Context: 3.45

Tags used in scoring

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 12.09 g/t gold is well above the exceptional threshold for epithermal gold (5 g/t).

Evidence · table

“12.09”

Context: 3.45

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-004*Copalquin · silverGrade: 249.3Grade Unit: g/tIntercept: 3.45 mView all details
Link to this fact

Identity

Hole ID
RE26-004*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
249.3
Grade Unit
g/t
Intercept
3.45 m
From
153.9 m
To
157.35 m
Intercept Depth
153.9 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-004*:153.9-157.35
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
15.65
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong silver intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“249.3”

Context: 3.45

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-004*Copalquin · goldGrade: 24.6Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
RE26-004*
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
24.6
Grade Unit
g/t
Intercept
0.85 m
From
156 m
To
156.85 m
Intercept Depth
156 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-004*:156-156.85
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
29.27
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Exceptional high-grade gold intercept of 24.60 g/t over 0.85m from resource upgrade drilling at Target 1.

Positive factors

  • Exceptional high-grade gold intercept
  • Bonanza Intercept

Evidence · table

“24.60”

Context: 0.85

Tags used in scoring

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 24.60 g/t gold is well above the exceptional threshold for epithermal gold (5 g/t).

Evidence · table

“24.60”

Context: 0.85

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-004*Copalquin · silverGrade: 327Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
RE26-004*
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
327
Grade Unit
g/t
Intercept
0.85 m
From
156 m
To
156.85 m
Intercept Depth
156 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-004*:156-156.85
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
29.27
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“327.0”

Context: 0.85

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-005Copalquin · goldGrade: 3.38Grade Unit: g/tIntercept: 1.55 mView all details
Link to this fact

Identity

Hole ID
RE26-005
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
3.38
Grade Unit
g/t
Intercept
1.55 m
From
228.3 m
To
229.85 m
Intercept Depth
228.3 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-005:228.3-229.85
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
3.55
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Strong gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“3.38”

Context: 1.55

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-005Copalquin · silverGrade: 12Grade Unit: g/tIntercept: 1.55 mView all details
Link to this fact

Identity

Hole ID
RE26-005
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
12
Grade Unit
g/t
Intercept
1.55 m
From
228.3 m
To
229.85 m
Intercept Depth
228.3 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-005:228.3-229.85
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
3.55
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“12.0”

Context: 1.55

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-005Copalquin · goldGrade: 1.67Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
RE26-005
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.67
Grade Unit
g/t
Intercept
7 m
From
233 m
To
240 m
Intercept Depth
233 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-005:233-240
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.17
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“1.67”

Context: 7.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-005Copalquin · silverGrade: 35Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
RE26-005
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
35
Grade Unit
g/t
Intercept
7 m
From
233 m
To
240 m
Intercept Depth
233 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-005:233-240
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.17
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“35.0”

Context: 7.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-005Copalquin · goldGrade: 1.5Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
RE26-005
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.5
Grade Unit
g/t
Intercept
3 m
From
244 m
To
247 m
Intercept Depth
244 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-005:244-247
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.16
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“1.50”

Context: 3.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-005Copalquin · silverGrade: 46Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
RE26-005
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
46
Grade Unit
g/t
Intercept
3 m
From
244 m
To
247 m
Intercept Depth
244 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-005:244-247
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.16
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“46.0”

Context: 3.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-005Copalquin · goldGrade: 0.81Grade Unit: g/tIntercept: 3.5 mView all details
Link to this fact

Identity

Hole ID
RE26-005
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.81
Grade Unit
g/t
Intercept
3.5 m
From
275 m
To
278.5 m
Intercept Depth
275 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-005:275-278.5
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.99
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“0.81”

Context: 3.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-005Copalquin · silverGrade: 12.8Grade Unit: g/tIntercept: 3.5 mView all details
Link to this fact

Identity

Hole ID
RE26-005
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
12.8
Grade Unit
g/t
Intercept
3.5 m
From
275 m
To
278.5 m
Intercept Depth
275 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-005:275-278.5
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.99
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“12.8”

Context: 3.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin · goldGrade: 0.33Grade Unit: g/tIntercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.33
Grade Unit
g/t
Intercept
1.65 m
From
23 m
To
24.65 m
Intercept Depth
23 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-006:23-24.65
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.59
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“0.33”

Context: 1.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin · silverGrade: 18.1Grade Unit: g/tIntercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
18.1
Grade Unit
g/t
Intercept
1.65 m
From
23 m
To
24.65 m
Intercept Depth
23 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-006:23-24.65
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.59
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“18.1”

Context: 1.65

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin · goldGrade: 0.33Grade Unit: g/tIntercept: 5.5 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.33
Grade Unit
g/t
Intercept
5.5 m
From
28 m
To
33.5 m
Intercept Depth
28 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-006:28-33.5
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak gold intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“0.33”

Context: 5.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin · silverGrade: 15.8Grade Unit: g/tIntercept: 5.5 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
15.8
Grade Unit
g/t
Intercept
5.5 m
From
28 m
To
33.5 m
Intercept Depth
28 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-006:28-33.5
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Weak silver intercept over a good width from resource upgrade drilling at Target 1.

Evidence · table

“15.8”

Context: 5.50

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin · goldGrade: 0.15Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.15
Grade Unit
g/t
Intercept
2 m
From
36.05 m
To
38.05 m
Intercept Depth
36.05 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-006:36.05-38.05
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“0.15”

Context: 2.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin · silverGrade: 11.2Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
11.2
Grade Unit
g/t
Intercept
2 m
From
36.05 m
To
38.05 m
Intercept Depth
36.05 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-006:36.05-38.05
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Low-grade silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“11.2”

Context: 2.00

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin · goldGrade: 0.98Grade Unit: g/tIntercept: 1.75 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.98
Grade Unit
g/t
Intercept
1.75 m
From
40.25 m
To
42 m
Intercept Depth
40.25 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-006:40.25-42
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.79
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate gold intercept from resource upgrade drilling at Target 1.

Evidence · table

“0.98”

Context: 1.75

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin · silverGrade: 56.5Grade Unit: g/tIntercept: 1.75 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
56.5
Grade Unit
g/t
Intercept
1.75 m
From
40.25 m
To
42 m
Intercept Depth
40.25 m

Classification

Deposit Type
epithermal
Program
resource
Sample Type
drill
Group ID
RE26-006:40.25-42
Mining Method
underground

Location

Location
El Refugio
Loc. Source
document

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.79
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Moderate silver intercept from resource upgrade drilling at Target 1.

Evidence · table

“56.5”

Context: 1.75

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

RE26-006Copalquin Target 1 · goldGrade: 0.32Grade Unit: g/tIntercept: 1.55 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.32
Grade Unit
g/t
Intercept
1.55 m
From
59.15 m
To
60.7 m
Intercept Depth
59.15 m

Classification

Sample Type
drill
Group ID
RE26-006:59.15-60.7
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.32 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.5 g/t·m is below.

Negative factors

  • 0.32 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.32”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · silverGrade: 15.2Grade Unit: g/tIntercept: 1.55 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
15.2
Grade Unit
g/t
Intercept
1.55 m
From
59.15 m
To
60.7 m
Intercept Depth
59.15 m

Classification

Sample Type
drill
Group ID
RE26-006:59.15-60.7
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 15.2 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 23.6 g/t·m is below.

Negative factors

  • 15.2 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“15.2”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · goldGrade: 0.5Grade Unit: g/tIntercept: 4.95 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.5
Grade Unit
g/t
Intercept
4.95 m
From
65.05 m
To
70 m
Intercept Depth
65.05 m

Classification

Sample Type
drill
Group ID
RE26-006:65.05-70
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.5 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 2.5 g/t·m is below.

Negative factors

  • 0.5 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.50”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · silverGrade: 49.2Grade Unit: g/tIntercept: 4.95 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
49.2
Grade Unit
g/t
Intercept
4.95 m
From
65.05 m
To
70 m
Intercept Depth
65.05 m

Classification

Sample Type
drill
Group ID
RE26-006:65.05-70
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 49.2 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 243.5 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“49.2”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · goldGrade: 0.98Grade Unit: g/tIntercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.98
Grade Unit
g/t
Intercept
1.35 m
From
65.65 m
To
67 m
Intercept Depth
65.65 m

Classification

Sample Type
drill
Group ID
RE26-006:65.65-67
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.98 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 1.3 g/t·m is below.

Negative factors

  • 0.98 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.98”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · silverGrade: 115Grade Unit: g/tIntercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
115
Grade Unit
g/t
Intercept
1.35 m
From
65.65 m
To
67 m
Intercept Depth
65.65 m

Classification

Sample Type
drill
Group ID
RE26-006:65.65-67
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 115 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 155.3 g/t·m is below (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“115.0”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · goldGrade: 0.1Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
0.7 m
From
82.15 m
To
82.85 m
Intercept Depth
82.15 m

Classification

Sample Type
drill
Group ID
RE26-006:82.15-82.85
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.1 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.1 g/t·m is below.

Negative factors

  • 0.1 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.10”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · silverGrade: 10.7Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
10.7
Grade Unit
g/t
Intercept
0.7 m
From
82.15 m
To
82.85 m
Intercept Depth
82.15 m

Classification

Sample Type
drill
Group ID
RE26-006:82.15-82.85
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 10.7 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 7.5 g/t·m is below.

Negative factors

  • 10.7 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“10.7”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · goldGrade: 0.18Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.18
Grade Unit
g/t
Intercept
0.5 m
From
83.55 m
To
84.05 m
Intercept Depth
83.55 m

Classification

Sample Type
drill
Group ID
RE26-006:83.55-84.05
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.18 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.1 g/t·m is below.

Negative factors

  • 0.18 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.18”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · silverGrade: 6.5Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
6.5
Grade Unit
g/t
Intercept
0.5 m
From
83.55 m
To
84.05 m
Intercept Depth
83.55 m

Classification

Sample Type
drill
Group ID
RE26-006:83.55-84.05
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 6.5 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 3.3 g/t·m is below.

Negative factors

  • 6.5 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“6.5”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · goldGrade: 0.14Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.14
Grade Unit
g/t
Intercept
1 m
From
85 m
To
86 m
Intercept Depth
85 m

Classification

Sample Type
drill
Group ID
RE26-006:85-86
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.14 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.1 g/t·m is below.

Negative factors

  • 0.14 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.14”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · silverGrade: 21.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
21.1
Grade Unit
g/t
Intercept
1 m
From
85 m
To
86 m
Intercept Depth
85 m

Classification

Sample Type
drill
Group ID
RE26-006:85-86
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 21.1 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 21.1 g/t·m is below.

Negative factors

  • 21.1 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“21.1”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · goldGrade: 0.35Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.35
Grade Unit
g/t
Intercept
1 m
From
89 m
To
90 m
Intercept Depth
89 m

Classification

Sample Type
drill
Group ID
RE26-006:89-90
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.35 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.3 g/t·m is below.

Negative factors

  • 0.35 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.35”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-006Copalquin Target 1 · silverGrade: 1.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
RE26-006
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.1
Grade Unit
g/t
Intercept
1 m
From
89 m
To
90 m
Intercept Depth
89 m

Classification

Sample Type
drill
Group ID
RE26-006:89-90
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1.1 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 1.1 g/t·m is below.

Negative factors

  • 1.1 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.1”

Context: RE26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-007Copalquin Target 1 · goldGrade: 2.26Grade Unit: g/tIntercept: 1.45 mView all details
Link to this fact

Identity

Hole ID
RE26-007
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.26
Grade Unit
g/t
Intercept
1.45 m
From
102.85 m
To
104.3 m
Intercept Depth
102.85 m

Classification

Sample Type
drill
Group ID
RE26-007:102.85-104.3
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 2.26 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 3.3 g/t·m is below.

Negative factors

  • 2.26 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.26”

Context: RE26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-007Copalquin Target 1 · silverGrade: 82.2Grade Unit: g/tIntercept: 1.45 mView all details
Link to this fact

Identity

Hole ID
RE26-007
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
82.2
Grade Unit
g/t
Intercept
1.45 m
From
102.85 m
To
104.3 m
Intercept Depth
102.85 m

Classification

Sample Type
drill
Group ID
RE26-007:102.85-104.3
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 82.2 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 119.2 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“82.2”

Context: RE26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-009*Copalquin Target 1 · goldGrade: 7Grade Unit: g/tIntercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
RE26-009*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
7
Grade Unit
g/t
Intercept
9.65 m
From
271.4 m
To
281.05 m
Intercept Depth
271.4 m

Classification

Sample Type
drill
Group ID
RE26-009*:271.4-281.05
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 7 g/t gold is strong against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 67.5 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 7 g/t gold is strong on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“7.00”

Context: RE26-009*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-009*Copalquin Target 1 · silverGrade: 370.3Grade Unit: g/tIntercept: 9.65 mView all details
Link to this fact

Identity

Hole ID
RE26-009*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
370.3
Grade Unit
g/t
Intercept
9.65 m
From
271.4 m
To
281.05 m
Intercept Depth
271.4 m

Classification

Sample Type
drill
Group ID
RE26-009*:271.4-281.05
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 370.3 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 3573.4 g/t·m is strong.

Positive factors

  • 370.3 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“370.3”

Context: RE26-009*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-009*Copalquin Target 1 · goldGrade: 8.58Grade Unit: g/tIntercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
RE26-009*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
8.58
Grade Unit
g/t
Intercept
2.75 m
From
271.4 m
To
274.15 m
Intercept Depth
271.4 m

Classification

Sample Type
drill
Group ID
RE26-009*:271.4-274.15
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 8.58 g/t gold is strong against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 23.6 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 8.58 g/t gold is strong on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“8.58”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-009*Copalquin Target 1 · silverGrade: 486Grade Unit: g/tIntercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
RE26-009*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
486
Grade Unit
g/t
Intercept
2.75 m
From
271.4 m
To
274.15 m
Intercept Depth
271.4 m

Classification

Sample Type
drill
Group ID
RE26-009*:271.4-274.15
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 486 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 1336.5 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 486 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“486.0”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-009*Copalquin Target 1 · goldGrade: 15.15Grade Unit: g/tIntercept: 0.95 mView all details
Link to this fact

Identity

Hole ID
RE26-009*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
15.15
Grade Unit
g/t
Intercept
0.95 m
From
271.4 m
To
272.35 m
Intercept Depth
271.4 m

Classification

Sample Type
drill
Group ID
RE26-009*:271.4-272.35
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 15.15 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 14.4 g/t·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 15.15 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“15.15”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-009*Copalquin Target 1 · silverGrade: 980Grade Unit: g/tIntercept: 0.95 mView all details
Link to this fact

Identity

Hole ID
RE26-009*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
980
Grade Unit
g/t
Intercept
0.95 m
From
271.4 m
To
272.35 m
Intercept Depth
271.4 m

Classification

Sample Type
drill
Group ID
RE26-009*:271.4-272.35
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 980 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 931.0 g/t·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 980 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“980.0”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

andand the broader expansion of the large Copalquin epithermal · goldGrade: 11.52Grade Unit: g/tIntercept: 3.25 mView all details
Link to this fact

Identity

Hole ID
and
Project
and the broader expansion of the large Copalquin epithermal
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
11.52
Grade Unit
g/t
Intercept
3.25 m
From
275.8 m
To
279.05 m
Intercept Depth
275.8 m

Classification

Sample Type
drill
Group ID
and:275.8-279.05
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 11.52 g/t gold is strong against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 37.4 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 11.52 g/t gold is strong on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“11.52”

Context: and

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

andand the broader expansion of the large Copalquin epithermal · silverGrade: 596.2Grade Unit: g/tIntercept: 3.25 mView all details
Link to this fact

Identity

Hole ID
and
Project
and the broader expansion of the large Copalquin epithermal
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
596.2
Grade Unit
g/t
Intercept
3.25 m
From
275.8 m
To
279.05 m
Intercept Depth
275.8 m

Classification

Sample Type
drill
Group ID
and:275.8-279.05
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 596.2 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 1937.7 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 596.2 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“596.2”

Context: and

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

andand the broader expansion of the large Copalquin epithermal · goldGrade: 30.7Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
and
Project
and the broader expansion of the large Copalquin epithermal
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
30.7
Grade Unit
g/t
Intercept
0.5 m
From
276.45 m
To
276.95 m
Intercept Depth
276.45 m

Classification

Sample Type
drill
Group ID
and:276.45-276.95
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 30.7 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 15.3 g/t·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 30.7 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“30.70”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

andand the broader expansion of the large Copalquin epithermal · silverGrade: 1780Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
and
Project
and the broader expansion of the large Copalquin epithermal
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1780
Grade Unit
g/t
Intercept
0.5 m
From
276.45 m
To
276.95 m
Intercept Depth
276.45 m

Classification

Sample Type
drill
Group ID
and:276.45-276.95
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1780 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 890.0 g/t·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 1780 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1780.0”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-009Drilling in the area has helped improve the geological understanding of this area which is dominated by multiphase quartz breccia mineralisation and is spatially influenced by a post-mineral dike · goldGrade: 6.55Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
RE26-009
Project
Drilling in the area has helped improve the geological understanding of this area which is dominated by multiphase quartz breccia mineralisation and is spatially influenced by a post-mineral dike
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
6.55
Grade Unit
g/t
Intercept
0.55 m
From
285.6 m
To
286.15 m
Intercept Depth
285.6 m

Classification

Sample Type
drill
Group ID
RE26-009:285.6-286.15
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 6.55 g/t gold is moderate against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 3.6 g/t·m is below (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“6.55”

Context: RE26-009

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-009Drilling in the area has helped improve the geological understanding of this area which is dominated by multiphase quartz breccia mineralisation and is spatially influenced by a post-mineral dike · silverGrade: 400Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
RE26-009
Project
Drilling in the area has helped improve the geological understanding of this area which is dominated by multiphase quartz breccia mineralisation and is spatially influenced by a post-mineral dike
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
400
Grade Unit
g/t
Intercept
0.55 m
From
285.6 m
To
286.15 m
Intercept Depth
285.6 m

Classification

Sample Type
drill
Group ID
RE26-009:285.6-286.15
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 400 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 220.0 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 400 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“400.0”

Context: RE26-009

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-010*Copalquin Target 1 · goldGrade: 2.41Grade Unit: g/tIntercept: 2.85 mView all details
Link to this fact

Identity

Hole ID
RE26-010*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.41
Grade Unit
g/t
Intercept
2.85 m
From
395.05 m
To
397.9 m
Intercept Depth
395.05 m

Classification

Sample Type
drill
Group ID
RE26-010*:395.05-397.9
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 2.41 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 6.9 g/t·m is below.

Negative factors

  • 2.41 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.41”

Context: RE26-010*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-010*Copalquin Target 1 · silverGrade: 107.8Grade Unit: g/tIntercept: 2.85 mView all details
Link to this fact

Identity

Hole ID
RE26-010*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
107.8
Grade Unit
g/t
Intercept
2.85 m
From
395.05 m
To
397.9 m
Intercept Depth
395.05 m

Classification

Sample Type
drill
Group ID
RE26-010*:395.05-397.9
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 107.8 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 307.2 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“107.8”

Context: RE26-010*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-010*Copalquin Target 1 · goldGrade: 2.83Grade Unit: g/tIntercept: 0.95 mView all details
Link to this fact

Identity

Hole ID
RE26-010*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.83
Grade Unit
g/t
Intercept
0.95 m
From
396.95 m
To
397.9 m
Intercept Depth
396.95 m

Classification

Sample Type
drill
Group ID
RE26-010*:396.95-397.9
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 2.83 g/t gold is weak against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 2.7 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.83”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-010*Copalquin Target 1 · silverGrade: 188Grade Unit: g/tIntercept: 0.95 mView all details
Link to this fact

Identity

Hole ID
RE26-010*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
188
Grade Unit
g/t
Intercept
0.95 m
From
396.95 m
To
397.9 m
Intercept Depth
396.95 m

Classification

Sample Type
drill
Group ID
RE26-010*:396.95-397.9
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 188 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 178.6 g/t·m is below (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“188.0”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-012Copalquin Target 1 · goldGrade: 6.64Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
RE26-012
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
6.64
Grade Unit
g/t
Intercept
1.2 m
From
304.2 m
To
305.4 m
Intercept Depth
304.2 m

Classification

Sample Type
drill
Group ID
RE26-012:304.2-305.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 6.64 g/t gold is moderate against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 8.0 g/t·m is below (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“6.64”

Context: RE26-012

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-012Copalquin Target 1 · silverGrade: 6.4Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
RE26-012
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
6.4
Grade Unit
g/t
Intercept
1.2 m
From
304.2 m
To
305.4 m
Intercept Depth
304.2 m

Classification

Sample Type
drill
Group ID
RE26-012:304.2-305.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 6.4 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 7.7 g/t·m is below.

Negative factors

  • 6.4 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“6.4”

Context: RE26-012

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-012Copalquin Target 1 · goldGrade: 3.79Grade Unit: g/tIntercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
RE26-012
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
3.79
Grade Unit
g/t
Intercept
1.65 m
From
316.75 m
To
318.4 m
Intercept Depth
316.75 m

Classification

Sample Type
drill
Group ID
RE26-012:316.75-318.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 3.79 g/t gold is weak against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 6.3 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.79”

Context: RE26-012

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-012Copalquin Target 1 · silverGrade: 8.3Grade Unit: g/tIntercept: 1.65 mView all details
Link to this fact

Identity

Hole ID
RE26-012
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
8.3
Grade Unit
g/t
Intercept
1.65 m
From
316.75 m
To
318.4 m
Intercept Depth
316.75 m

Classification

Sample Type
drill
Group ID
RE26-012:316.75-318.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 8.3 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 13.7 g/t·m is below.

Negative factors

  • 8.3 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“8.3”

Context: RE26-012

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-012Copalquin Target 1 · goldGrade: 5.55Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
RE26-012
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
5.55
Grade Unit
g/t
Intercept
0.75 m
From
317.65 m
To
318.4 m
Intercept Depth
317.65 m

Classification

Sample Type
drill
Group ID
RE26-012:317.65-318.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 5.55 g/t gold is moderate against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 4.2 g/t·m is below (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“5.55”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-012Copalquin Target 1 · silverGrade: 11.9Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
RE26-012
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
11.9
Grade Unit
g/t
Intercept
0.75 m
From
317.65 m
To
318.4 m
Intercept Depth
317.65 m

Classification

Sample Type
drill
Group ID
RE26-012:317.65-318.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 11.9 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 8.9 g/t·m is below.

Negative factors

  • 11.9 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“11.9”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-013*Copalquin Target 1 · goldGrade: 4.01Grade Unit: g/tIntercept: 7.25 mView all details
Link to this fact

Identity

Hole ID
RE26-013*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
4.01
Grade Unit
g/t
Intercept
7.25 m
From
375.7 m
To
382.95 m
Intercept Depth
375.7 m

Classification

Sample Type
drill
Group ID
RE26-013*:375.7-382.95
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 4.01 g/t gold is moderate against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 29.1 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“4.01”

Context: RE26-013*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-013*Copalquin Target 1 · silverGrade: 225.1Grade Unit: g/tIntercept: 7.25 mView all details
Link to this fact

Identity

Hole ID
RE26-013*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
225.1
Grade Unit
g/t
Intercept
7.25 m
From
375.7 m
To
382.95 m
Intercept Depth
375.7 m

Classification

Sample Type
drill
Group ID
RE26-013*:375.7-382.95
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 225.1 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 1632.0 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 225.1 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“225.1”

Context: RE26-013*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-013*Copalquin Target 1 · goldGrade: 7.11Grade Unit: g/tIntercept: 3.3 mView all details
Link to this fact

Identity

Hole ID
RE26-013*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
7.11
Grade Unit
g/t
Intercept
3.3 m
From
376.8 m
To
380.1 m
Intercept Depth
376.8 m

Classification

Sample Type
drill
Group ID
RE26-013*:376.8-380.1
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 7.11 g/t gold is strong against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 23.5 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 7.11 g/t gold is strong on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“7.11”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

RE26-013*Copalquin Target 1 · silverGrade: 368.2Grade Unit: g/tIntercept: 3.3 mView all details
Link to this fact

Identity

Hole ID
RE26-013*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
368.2
Grade Unit
g/t
Intercept
3.3 m
From
376.8 m
To
380.1 m
Intercept Depth
376.8 m

Classification

Sample Type
drill
Group ID
RE26-013*:376.8-380.1
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 368.2 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 1215.1 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 368.2 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“368.2”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

and*Copalquin Target 1 · goldGrade: 15.25Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
and*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
15.25
Grade Unit
g/t
Intercept
0.5 m
From
378 m
To
378.5 m
Intercept Depth
378 m

Classification

Sample Type
drill
Group ID
and*:378-378.5
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 15.25 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 7.6 g/t·m is below (grade alone is exceptional; the better of the two is used).

Positive factors

  • 15.25 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“15.25”

Context: and*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

and*Copalquin Target 1 · silverGrade: 533Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
and*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
533
Grade Unit
g/t
Intercept
0.5 m
From
378 m
To
378.5 m
Intercept Depth
378 m

Classification

Sample Type
drill
Group ID
and*:378-378.5
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 533 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 266.5 g/t·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 533 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“533.0”

Context: and*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-001Copalquin Target 1 · goldGrade: 1.37Grade Unit: g/tIntercept: 0.95 mView all details
Link to this fact

Identity

Hole ID
LS26-001
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.37
Grade Unit
g/t
Intercept
0.95 m
From
193 m
To
193.95 m
Intercept Depth
193 m

Classification

Sample Type
drill
Group ID
LS26-001:193-193.95
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1.37 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 1.3 g/t·m is below.

Negative factors

  • 1.37 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.37”

Context: LS26-001

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-001Copalquin Target 1 · silverGrade: 77.8Grade Unit: g/tIntercept: 0.95 mView all details
Link to this fact

Identity

Hole ID
LS26-001
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
77.8
Grade Unit
g/t
Intercept
0.95 m
From
193 m
To
193.95 m
Intercept Depth
193 m

Classification

Sample Type
drill
Group ID
LS26-001:193-193.95
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 77.8 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 73.9 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“77.8”

Context: LS26-001

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-002Copalquin Target 1 · goldGrade: 1.04Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-002
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.04
Grade Unit
g/t
Intercept
0.5 m
From
187.8 m
To
188.3 m
Intercept Depth
187.8 m

Classification

Sample Type
drill
Group ID
LS26-002:187.8-188.3
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1.04 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.5 g/t·m is below.

Negative factors

  • 1.04 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.04”

Context: LS26-002

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-002Copalquin Target 1 · silverGrade: 47.5Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-002
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
47.5
Grade Unit
g/t
Intercept
0.5 m
From
187.8 m
To
188.3 m
Intercept Depth
187.8 m

Classification

Sample Type
drill
Group ID
LS26-002:187.8-188.3
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 47.5 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 23.8 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“47.5”

Context: LS26-002

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-002Copalquin Target 1 · goldGrade: 1Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-002
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1
Grade Unit
g/t
Intercept
0.5 m
From
201.5 m
To
202 m
Intercept Depth
201.5 m

Classification

Sample Type
drill
Group ID
LS26-002:201.5-202
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.5 g/t·m is below.

Negative factors

  • 1 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.00”

Context: LS26-002

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-002Copalquin Target 1 · silverGrade: 59Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-002
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
59
Grade Unit
g/t
Intercept
0.5 m
From
201.5 m
To
202 m
Intercept Depth
201.5 m

Classification

Sample Type
drill
Group ID
LS26-002:201.5-202
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 59 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 29.5 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“59.0”

Context: LS26-002

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-003Copalquin Target 1 · goldGrade: 2.02Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-003
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.02
Grade Unit
g/t
Intercept
0.5 m
From
147.25 m
To
147.75 m
Intercept Depth
147.25 m

Classification

Sample Type
drill
Group ID
LS26-003:147.25-147.75
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 2.02 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 1.0 g/t·m is below.

Negative factors

  • 2.02 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.02”

Context: LS26-003

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-003Copalquin Target 1 · silverGrade: 20.7Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-003
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
20.7
Grade Unit
g/t
Intercept
0.5 m
From
147.25 m
To
147.75 m
Intercept Depth
147.25 m

Classification

Sample Type
drill
Group ID
LS26-003:147.25-147.75
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 20.7 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 10.3 g/t·m is below.

Negative factors

  • 20.7 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“20.7”

Context: LS26-003

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005*Copalquin Target 1 · goldGrade: 2.18Grade Unit: g/tIntercept: 3.6 mView all details
Link to this fact

Identity

Hole ID
LS26-005*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.18
Grade Unit
g/t
Intercept
3.6 m
From
58.8 m
To
62.4 m
Intercept Depth
58.8 m

Classification

Sample Type
drill
Group ID
LS26-005*:58.8-62.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 2.18 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 7.8 g/t·m is below.

Negative factors

  • 2.18 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.18”

Context: LS26-005*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005*Copalquin Target 1 · silverGrade: 24.9Grade Unit: g/tIntercept: 3.6 mView all details
Link to this fact

Identity

Hole ID
LS26-005*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
24.9
Grade Unit
g/t
Intercept
3.6 m
From
58.8 m
To
62.4 m
Intercept Depth
58.8 m

Classification

Sample Type
drill
Group ID
LS26-005*:58.8-62.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 24.9 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 89.6 g/t·m is below.

Negative factors

  • 24.9 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“24.9”

Context: LS26-005*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005*Copalquin Target 1 · goldGrade: 9.6Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
LS26-005*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
9.6
Grade Unit
g/t
Intercept
0.75 m
From
61.65 m
To
62.4 m
Intercept Depth
61.65 m

Classification

Sample Type
drill
Group ID
LS26-005*:61.65-62.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 9.6 g/t gold is strong against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 7.2 g/t·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 9.6 g/t gold is strong on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“9.60”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005*Copalquin Target 1 · silverGrade: 111Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
LS26-005*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
111
Grade Unit
g/t
Intercept
0.75 m
From
61.65 m
To
62.4 m
Intercept Depth
61.65 m

Classification

Sample Type
drill
Group ID
LS26-005*:61.65-62.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 111 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 83.3 g/t·m is below (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“111.0”

Context: including

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005Copalquin Target 1 · goldGrade: 10.3Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-005
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
10.3
Grade Unit
g/t
Intercept
0.5 m
From
171 m
To
171.5 m
Intercept Depth
171 m

Classification

Sample Type
drill
Group ID
LS26-005:171-171.5
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 10.3 g/t gold is strong against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 5.2 g/t·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 10.3 g/t gold is strong on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“10.30”

Context: LS26-005

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005Copalquin Target 1 · silverGrade: 14.4Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-005
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
14.4
Grade Unit
g/t
Intercept
0.5 m
From
171 m
To
171.5 m
Intercept Depth
171 m

Classification

Sample Type
drill
Group ID
LS26-005:171-171.5
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 14.4 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 7.2 g/t·m is below.

Negative factors

  • 14.4 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“14.4”

Context: LS26-005

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005Copalquin Target 1 · goldGrade: 0.95Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
LS26-005
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.95
Grade Unit
g/t
Intercept
2 m
From
194 m
To
196 m
Intercept Depth
194 m

Classification

Sample Type
drill
Group ID
LS26-005:194-196
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.95 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 1.9 g/t·m is below.

Negative factors

  • 0.95 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.95”

Context: LS26-005

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005Copalquin Target 1 · silverGrade: 32Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
LS26-005
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
32
Grade Unit
g/t
Intercept
2 m
From
194 m
To
196 m
Intercept Depth
194 m

Classification

Sample Type
drill
Group ID
LS26-005:194-196
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 32 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 64.0 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“32.0”

Context: LS26-005

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005Copalquin Target 1 · goldGrade: 1.03Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
LS26-005
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.03
Grade Unit
g/t
Intercept
1 m
From
207 m
To
208 m
Intercept Depth
207 m

Classification

Sample Type
drill
Group ID
LS26-005:207-208
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1.03 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 1.0 g/t·m is below.

Negative factors

  • 1.03 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.03”

Context: LS26-005

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005Copalquin Target 1 · silverGrade: 60.5Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
LS26-005
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
60.5
Grade Unit
g/t
Intercept
1 m
From
207 m
To
208 m
Intercept Depth
207 m

Classification

Sample Type
drill
Group ID
LS26-005:207-208
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 60.5 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 60.5 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“60.5”

Context: LS26-005

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005*Copalquin Target 1 · goldGrade: 10.55Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
LS26-005*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
10.55
Grade Unit
g/t
Intercept
1.2 m
From
239.2 m
To
240.4 m
Intercept Depth
239.2 m

Classification

Sample Type
drill
Group ID
LS26-005*:239.2-240.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 10.55 g/t gold is strong against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 12.7 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 10.55 g/t gold is strong on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“10.55”

Context: LS26-005*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-005*Copalquin Target 1 · silverGrade: 8Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
LS26-005*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
8
Grade Unit
g/t
Intercept
1.2 m
From
239.2 m
To
240.4 m
Intercept Depth
239.2 m

Classification

Sample Type
drill
Group ID
LS26-005*:239.2-240.4
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 8 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 9.6 g/t·m is below.

Negative factors

  • 8 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“8.0”

Context: LS26-005*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-006*Copalquin Target 1 · goldGrade: 1.22Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
LS26-006*
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.22
Grade Unit
g/t
Intercept
1 m
From
66 m
To
67 m
Intercept Depth
66 m

Classification

Sample Type
drill
Group ID
LS26-006*:66-67
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1.22 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 1.2 g/t·m is below.

Negative factors

  • 1.22 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.22”

Context: LS26-006*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-006*Copalquin Target 1 · silverGrade: 149.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
LS26-006*
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
149.1
Grade Unit
g/t
Intercept
1 m
From
66 m
To
67 m
Intercept Depth
66 m

Classification

Sample Type
drill
Group ID
LS26-006*:66-67
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 149.1 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 149.1 g/t·m is below (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“149.1”

Context: LS26-006*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-006Copalquin Target 1 · goldGrade: 1.49Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
LS26-006
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.49
Grade Unit
g/t
Intercept
0.75 m
From
117.55 m
To
118.3 m
Intercept Depth
117.55 m

Classification

Sample Type
drill
Group ID
LS26-006:117.55-118.3
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1.49 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 1.1 g/t·m is below.

Negative factors

  • 1.49 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.49”

Context: LS26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-006Copalquin Target 1 · silverGrade: 50.7Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
LS26-006
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
50.7
Grade Unit
g/t
Intercept
0.75 m
From
117.55 m
To
118.3 m
Intercept Depth
117.55 m

Classification

Sample Type
drill
Group ID
LS26-006:117.55-118.3
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 50.7 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 38.0 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“50.7”

Context: LS26-006

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · goldGrade: 0.95Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.95
Grade Unit
g/t
Intercept
0.55 m
From
58.2 m
To
58.75 m
Intercept Depth
58.2 m

Classification

Sample Type
drill
Group ID
LS26-007:58.2-58.75
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.95 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.5 g/t·m is below.

Negative factors

  • 0.95 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.95”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · silverGrade: 53.7Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
53.7
Grade Unit
g/t
Intercept
0.55 m
From
58.2 m
To
58.75 m
Intercept Depth
58.2 m

Classification

Sample Type
drill
Group ID
LS26-007:58.2-58.75
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 53.7 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 29.5 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“53.7”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · goldGrade: 0.65Grade Unit: g/tIntercept: 6.75 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
0.65
Grade Unit
g/t
Intercept
6.75 m
From
81.9 m
To
88.65 m
Intercept Depth
81.9 m

Classification

Sample Type
drill
Group ID
LS26-007:81.9-88.65
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 0.65 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 4.4 g/t·m is below.

Negative factors

  • 0.65 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.65”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · silverGrade: 23.4Grade Unit: g/tIntercept: 6.75 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
23.4
Grade Unit
g/t
Intercept
6.75 m
From
81.9 m
To
88.65 m
Intercept Depth
81.9 m

Classification

Sample Type
drill
Group ID
LS26-007:81.9-88.65
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 23.4 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 157.9 g/t·m is below.

Negative factors

  • 23.4 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“23.4”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · goldGrade: 5.23Grade Unit: g/tIntercept: 3.25 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
5.23
Grade Unit
g/t
Intercept
3.25 m
From
92 m
To
95.25 m
Intercept Depth
92 m

Classification

Sample Type
drill
Group ID
LS26-007:92-95.25
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 5.23 g/t gold is moderate against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 17.0 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“5.23”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · silverGrade: 30.5Grade Unit: g/tIntercept: 3.25 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
30.5
Grade Unit
g/t
Intercept
3.25 m
From
92 m
To
95.25 m
Intercept Depth
92 m

Classification

Sample Type
drill
Group ID
LS26-007:92-95.25
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 30.5 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 99.1 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“30.5”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · goldGrade: 19.45Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
19.45
Grade Unit
g/t
Intercept
0.85 m
From
94.4 m
To
95.25 m
Intercept Depth
94.4 m

Classification

Sample Type
drill
Group ID
LS26-007:94.4-95.25
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 19.45 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 16.5 g/t·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 19.45 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“19.45”

Context: Including*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · silverGrade: 96.8Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
96.8
Grade Unit
g/t
Intercept
0.85 m
From
94.4 m
To
95.25 m
Intercept Depth
94.4 m

Classification

Sample Type
drill
Group ID
LS26-007:94.4-95.25
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 96.8 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 82.3 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“96.8”

Context: Including*

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · goldGrade: 1.7Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
1.7
Grade Unit
g/t
Intercept
0.5 m
From
99.75 m
To
100.25 m
Intercept Depth
99.75 m

Classification

Sample Type
drill
Group ID
LS26-007:99.75-100.25
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 1.7 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.8 g/t·m is below.

Negative factors

  • 1.7 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.70”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · silverGrade: 10.8Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
10.8
Grade Unit
g/t
Intercept
0.5 m
From
99.75 m
To
100.25 m
Intercept Depth
99.75 m

Classification

Sample Type
drill
Group ID
LS26-007:99.75-100.25
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 10.8 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 5.4 g/t·m is below.

Negative factors

  • 10.8 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“10.8”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · goldGrade: 2.04Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
2.04
Grade Unit
g/t
Intercept
0.85 m
From
293.15 m
To
294 m
Intercept Depth
293.15 m

Classification

Sample Type
drill
Group ID
LS26-007:293.15-294
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 2.04 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 1.7 g/t·m is below.

Negative factors

  • 2.04 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.04”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

LS26-007Copalquin Target 1 · silverGrade: 5.8Grade Unit: g/tIntercept: 0.85 mView all details
Link to this fact

Identity

Hole ID
LS26-007
Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
MSG

Geometry

Grade
5.8
Grade Unit
g/t
Intercept
0.85 m
From
293.15 m
To
294 m
Intercept Depth
293.15 m

Classification

Sample Type
drill
Group ID
LS26-007:293.15-294
Mining Method
underground

QA/QC

Laboratory
ALS Global
QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: Expanded from assay table. 5.8 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 4.9 g/t·m is below.

Negative factors

  • 5.8 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“5.8”

Context: LS26-007

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not 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

Resource Estimates (2)

inferredCopalquin Target 1 · goldTonnes: 1436000Grade: 2.23Grade Unit: g/tContained Metal: 103Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Copalquin Target 1
Commodity
gold
Region
mexico
Reported Region
Durango State, Mexico
Ticker
MSG

Resource scope

Estimate type
resource
Effective date
2026-06-29T00:00:00.000Z
Reporting standards
jorc, other
QP Signed
Yes
Qualified person names
John Sims
Resource group id
resource:ee345cb20f12916e3f61
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
1436000
Grade
2.23
Grade Unit
g/t
Contained Metal
103
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-06-29

Metal Equivalent

Metal Eq. Grade
3.28
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Global

Location

Loc. Confidence
inferred

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: The total Inferred gold resource adds to the overall potential but with lower confidence than Indicated resources.

Positive factors

  • Resource constrained within preliminary underground mining shapes for realism

Negative factors

  • Lower confidence resource category (Inferred)

Evidence · table

“2.23”

Context: 1,436

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredCopalquin Target 1 · silverTonnes: 1436000Grade: 73.6Grade Unit: g/tContained Metal: 3398Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Copalquin Target 1
Commodity
silver
Region
mexico
Reported Region
Durango State, Mexico
Ticker
MSG

Resource scope

Estimate type
resource
Effective date
2026-06-29T00:00:00.000Z
Reporting standards
jorc, other
QP Signed
Yes
Qualified person names
John Sims
Resource group id
resource:ee345cb20f12916e3f61
Deposit or zone
Total
Mining method
underground

Resource Data

Category
inferred
Tonnes
1436000
Grade
73.6
Grade Unit
g/t
Contained Metal
3398
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-06-29

Metal Equivalent

Metal Eq. Grade
3.28
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Global

Location

Loc. Confidence
inferred

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-07-31T00:00:00.000Z

Reasoning: The total Inferred silver resource adds to the overall potential but with lower confidence than Indicated resources.

Positive factors

  • Resource constrained within preliminary underground mining shapes for realism

Negative factors

  • Lower confidence resource category (Inferred)

Evidence · table

“73.6”

Context: 1,436

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

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.