Vicuña Update: Initial Drilling Finds Large-Scale, Shallow Gold-Copper System

Original announcement by tmx on

Company
Mogotes Metals Inc.
Ticker
MOG
Exchange
TSX
Region
Argentina
Primary commodity
Gold
Secondary commodities
Copper, Zinc, Molybdenum
Document categories
Drill results, Other
Extracted
2026-09-18 10:57:15 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Mogotes Metals has announced a new discovery at its Filo Sur project in Argentina, identifying a shallow gold-zinc breccia and an underlying gold-copper-molybdenum porphyry. Initial drilling at the Cruz del Sur target shows encouraging grades, with copper mineralization strengthening at depth across a large 4.0 x 0.5 km geophysical footprint.

Reasoning: The announcement reports a genuine discovery of both a near-surface breccia and an underlying porphyry system with encouraging grade trends, covering a large geophysical target.

Positive factors

  • New near-surface gold-zinc breccia discovery
  • Confirmation of underlying gold-copper porphyry
  • Copper grades improving with depth
  • Large geophysical footprint (4.0 x 0.5 km) remains largely untested

Negative factors

  • Early-stage results with limited drill testing of the total footprint

Facts used in scoring: 16

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The results define a new gold-zinc breccia discovery and confirm an underlying porphyry system.

Evidence · text

“New near-surface gold-zinc breccia discovery”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release details specific laboratory protocols, sample preparation, and assay methods.

Evidence · text

“Geochemical assays are obtained and reported under a quality assurance and quality control (QA/QC) program.”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The project is adjacent to the major Filo del Sol deposit.

Evidence · text

“Our flagship Filo Sur project adjoins Lundin Mining's Filo del Sol”

Extracted facts

Stored fact records: 16. Some facts used in scoring do not have a stored record.

Drill Results (16)

FS_DDH_007Filo Sur · goldGrade: 0.52Grade Unit: g/tIntercept: 120 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_007
Project
Filo Sur
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.52
Grade Unit
g/t
Intercept
120 m
From
24 m
To
144 m
Intercept Depth
24 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_007:24-144
Mining Method
open_pit

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Standard near-surface intercept for a discovery.

Positive factors

  • Near-surface discovery

Evidence · text

“120 m at 0.52 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_007Filo Sur · zincGrade: 0.18Grade Unit: %Intercept: 120 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_007
Project
Filo Sur
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.18
Grade Unit
%
Intercept
120 m
From
24 m
To
144 m
Intercept Depth
24 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_007:24-144
Mining Method
open_pit

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Secondary metal in a new discovery.

Positive factors

  • Co-occurrence with gold

Evidence · text

“0.18% Zn”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_007Filo Sur · goldGrade: 1.01Grade Unit: g/tIntercept: 24 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_007
Project
Filo Sur
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
1.01
Grade Unit
g/t
Intercept
24 m
From
98 m
To
122 m
Intercept Depth
24 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_007:98-122
Mining Method
open_pit

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Stronger grade interval in the breccia.

Positive factors

  • Higher grade interval within larger intercept

Evidence · text

“24 m at 1.01 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_007Filo Sur · zincGrade: 0.34Grade Unit: %Intercept: 24 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_007
Project
Filo Sur
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.34
Grade Unit
%
Intercept
24 m
From
98 m
To
122 m
Intercept Depth
24 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_007:98-122
Mining Method
open_pit

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Secondary metal in a new discovery.

Evidence · text

“0.34% Zn”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_005Filo Sur · goldGrade: 0.44Grade Unit: g/tIntercept: 66 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_005
Project
Filo Sur
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.44
Grade Unit
g/t
Intercept
66 m
From
64 m
To
130 m
Intercept Depth
64 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_005:64-130
Mining Method
open_pit

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Standard near-surface intercept.

Evidence · text

“66 m at 0.44 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_005Filo Sur · zincGrade: 0.27Grade Unit: %Intercept: 66 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_005
Project
Filo Sur
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.27
Grade Unit
%
Intercept
66 m
From
64 m
To
130 m
Intercept Depth
64 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_005:64-130
Mining Method
open_pit

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Secondary metal in a new discovery.

Evidence · text

“0.27% Zn”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_005Filo Sur · goldGrade: 0.62Grade Unit: g/tIntercept: 24 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_005
Project
Filo Sur
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.62
Grade Unit
g/t
Intercept
24 m
From
74 m
To
98 m
Intercept Depth
64 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_005:74-98
Mining Method
open_pit

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Higher grade interval within breccia.

Evidence · text

“24 m at 0.62 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_005Filo Sur · zincGrade: 0.47Grade Unit: %Intercept: 24 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_005
Project
Filo Sur
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.47
Grade Unit
%
Intercept
24 m
From
74 m
To
98 m
Intercept Depth
64 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_005:74-98
Mining Method
open_pit

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Secondary metal in a new discovery.

Evidence · text

“0.47% Zn”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_006footprint has been tested and the · goldGrade: 0.36Grade Unit: g/tIntercept: 258 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_006
Project
footprint has been tested and the
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.36
Grade Unit
g/t
Intercept
258 m
From
158 m
To
416 m
Intercept Depth
158 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_006:158-416
Mining Method
underground

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Large width porphyry intercept.

Positive factors

  • Significant width
  • Confirms porphyry system

Evidence · text

“258 m at 0.36 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_006footprint has been tested and the · copperGrade: 800Grade Unit: ppmIntercept: 258 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_006
Project
footprint has been tested and the
Commodity
copper
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
800
Grade Unit
ppm
Intercept
258 m
From
158 m
To
416 m
Intercept Depth
158 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_006:158-416
Mining Method
underground

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Secondary metal in porphyry intercept.

Evidence · text

“800 ppm Cu”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_006footprint has been tested and the · goldGrade: 0.62Grade Unit: g/tIntercept: 62 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_006
Project
footprint has been tested and the
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.62
Grade Unit
g/t
Intercept
62 m
From
164 m
To
226 m
Intercept Depth
158 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_006:164-226
Mining Method
underground

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Stronger grade interval in porphyry.

Positive factors

  • High grade within porphyry

Evidence · text

“62 m at 0.62 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_006footprint has been tested and the · copperGrade: 800Grade Unit: ppmIntercept: 62 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_006
Project
footprint has been tested and the
Commodity
copper
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
800
Grade Unit
ppm
Intercept
62 m
From
164 m
To
226 m
Intercept Depth
158 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_006:164-226
Mining Method
underground

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Secondary metal in porphyry intercept.

Evidence · text

“800 ppm Cu”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_006footprint has been tested and the · goldGrade: 0.32Grade Unit: g/tIntercept: 328 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_006
Project
footprint has been tested and the
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.32
Grade Unit
g/t
Intercept
328 m
From
458 m
To
786 m
Intercept Depth
158 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_006:458-786
Mining Method
underground

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Extremely wide porphyry intercept.

Positive factors

  • Very large width

Evidence · text

“328 m at 0.32 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_006footprint has been tested and the · copperGrade: 962Grade Unit: ppmIntercept: 328 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_006
Project
footprint has been tested and the
Commodity
copper
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
962
Grade Unit
ppm
Intercept
328 m
From
458 m
To
786 m
Intercept Depth
158 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_006:458-786
Mining Method
underground

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Secondary metal in porphyry intercept.

Evidence · text

“962 ppm Cu”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_006footprint has been tested and the · goldGrade: 0.4Grade Unit: g/tIntercept: 56 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_006
Project
footprint has been tested and the
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.4
Grade Unit
g/t
Intercept
56 m
From
688 m
To
744 m
Intercept Depth
158 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_006:688-744
Mining Method
underground

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Higher grade interval in deep porphyry.

Evidence · text

“56 m at 0.40 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FS_DDH_006footprint has been tested and the · copperGrade: 0.11Grade Unit: %Intercept: 56 mView all details
Link to this fact

Identity

Hole ID
FS_DDH_006
Project
footprint has been tested and the
Commodity
copper
Region
argentina
Reported Region
argentina
Ticker
MOG

Geometry

Grade
0.11
Grade Unit
%
Intercept
56 m
From
688 m
To
744 m
Intercept Depth
158 m

Classification

Program
exploration
Sample Type
drill
Group ID
FS_DDH_006:688-744
Mining Method
underground

Location

Location
Cruz del Sur
CRS
WGS 84 / UTM zone 19S
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Secondary metal in deep porphyry.

Evidence · text

“0.11% Cu”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.