Vizsla Silver Corp.: Exhibit 99.2 - Filed by newsfilecorp.com
Original announcement by research on
- Company
- Vizsla Silver Corp.
- Ticker
- VZLA
- Exchange
- TSX
- Region
- Sinaloa, Mexico
- Primary commodity
- Silver
- Secondary commodities
- Gold, Lead, Zinc
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-11-07 15:29:44 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
This is Vizsla Silver’s MD&A for the three and six months ended October 31, 2024, so the main event is corporate financial reporting rather than a standalone technical announcement. Within it, the company reiterates the January 8, 2024 Panuco resource update, discusses metallurgical studies for Napoleon, Tajitos and Copala, and notes that the Copala infill/extension drilling campaign confirmed continuity and expanded mineralization. The document also covers the Goanna Resources acquisition, the spin-out of Vizsla Royalties, financing use of proceeds, and related financial results.
Reasoning: A corporate MD&A dominates the release, but it contains material resource, metallurgy and project-update disclosures that are relevant to investors.
Positive factors
- The MD&A reports a completed January 8, 2024 mineral resource update for Panuco and an NI 43-101 technical report published on August 28, 2024.
- The document discloses preliminary metallurgical results and a range of process options for the Panuco-Copala project.
- The company states the Copala drilling campaign successfully confirmed continuity and expanded mineralization outside the PEA mine plan.
Negative factors
- This is an MD&A with substantial historical and financial content, so the document-level event is corporate reporting rather than a single new technical release.
- Several technical results are restated from earlier news releases or technical reports, reducing novelty.
- No fresh drill assay intervals are reported in this document.
Rubric flags
- The document is a corporate MD&A with significant financial and transactional content, so the primary category should not be drill_results or resource_update despite many technical tables. — Keep other as primary and retain the technical tables as secondary factual content.
- Several metallurgical results are historical restatements from earlier releases or technical reports. — Flag those facts as historical and lower novelty rather than treating them as new testwork.
Facts used in scoring: 75
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The technical disclosure states that the mineral resource work was done under NI 43-101, not JORC, so this tag does not apply.
Evidence · text
“a NI43-101 compliant report”
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The document states that the Panuco resource update was included in a NI 43-101 compliant report.
Evidence · text
“a NI43-101 compliant report available on SEDAR+”
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: Technical disclosure was prepared under the supervision of Jesus Velador, P. Geo, and he is identified as a Qualified Person.
Evidence · text
“prepared under the supervision of Jesus Velador, P. Geo, VP Exploration for the Company, and a "Qualified Person"”
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource summary states a 150 g/t AgEq cut-off or 2.00 g/t AuEq cut-off.
Evidence · text
“(150 g/t AgEq cut-off) or (2.00 g/t AuEq cut-off)”
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The exploration section states that 851 QA/QC controls and 10,666 QA/QC controls were analyzed.
Evidence · text
“plus 851 QA/QC controls have been analyzed”
Infill Drillingneutral · Story-specific tag
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The company says it conducted an infill drilling campaign in Central Copala at ~25 metre centers to upgrade Indicated Mineral Resources to Measured Mineral Resources.
Evidence · text
“conducted and Infill drilling campaign in Central Copala at ~25 metre centers to upgrade Indicated Mineral Resources to Measured Mineral Resources”
Multi Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: Metallurgical tests cover multiple composites/domains including Diorite MC, Andesite MC, Andesite Low MnOX MC, Napoleon, Tajitos and Copala.
Evidence · text
“Diorite MC”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The metallurgy includes cyanidation, flotation and gravity circuit testing, all of which are mill-style processing routes.
Evidence · text
“Whole Ore Leach | Direct Cyanidation Leach”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: Gravity concentration is explicitly reported in the metallurgical table.
Evidence · text
“Gravity Concentration | Knelson Concentrate”
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The document positions La Garra in the heart of the silver-gold-rich Panuco-San Dimas corridor, leaning on district context.
Evidence · text
“situated in the heart of the silver-gold-rich Panuco - San Dimas corridor”
Extracted facts
Stored fact records: 75. Some facts used in scoring do not have a stored record.
Resource Estimates (18)
indicatedPanuco ProjectTonnes: 9500000Grade: 289Grade Unit: g/tContained Metal: 88192Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:7a86f52ef66bd91063fd
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 9500000
- Grade
- 289
- Grade Unit
- g/t
- Contained Metal
- 88192
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 511
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated resource row for Panuco from the January 8, 2024 estimate.
Positive factors
- The resource estimate is detailed and NI 43-101 compliant.
- Contained silver, gold, lead and zinc are reported alongside equivalent grades.
Negative factors
- This is a restated resource table from a prior January 8, 2024 announcement, so novelty is limited.
- Cut-off and equivalent assumptions are disclosed, but the figures are historical within this MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 9500000Grade: 2.41Grade Unit: g/tContained Metal: 736Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:7a86f52ef66bd91063fd
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 9500000
- Grade
- 2.41
- Grade Unit
- g/t
- Contained Metal
- 736
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 6.81
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated gold resource row for Panuco from the January 8, 2024 estimate.
Positive factors
- The estimate reports a substantial gold component within the indicated resource.
- Equivalent grade assumptions are explicitly disclosed.
Negative factors
- Historical restatement rather than new estimate disclosure in this MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 9500000Grade: 0.27Grade Unit: %Contained Metal: 25.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:7a86f52ef66bd91063fd
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 9500000
- Grade
- 0.27
- Grade Unit
- %
- Contained Metal
- 25.4
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 511
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated lead resource row for Panuco from the January 8, 2024 estimate.
Positive factors
- Lead is explicitly quantified in the resource table.
- The reporting framework is clear and NI 43-101 compliant.
Negative factors
- Historical restatement in an MD&A; not a fresh estimate.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 9500000Grade: 0.84Grade Unit: %Contained Metal: 79.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:7a86f52ef66bd91063fd
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 9500000
- Grade
- 0.84
- Grade Unit
- %
- Contained Metal
- 79.9
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 511
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated zinc resource row for Panuco from the January 8, 2024 estimate.
Positive factors
- Zinc is explicitly quantified in the resource table.
- Equivalent grade assumptions are disclosed.
Negative factors
- Historical restatement in this MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 12200000Grade: 239Grade Unit: g/tContained Metal: 93653Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:f8460f9c45adf861c766
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 12200000
- Grade
- 239
- Grade Unit
- g/t
- Contained Metal
- 93653
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 433
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated inferred silver resource row for Panuco from the January 8, 2024 estimate.
Positive factors
- The inferred resource is sizable and fully tabulated.
- Equivalent assumptions are disclosed.
Negative factors
- This is a restated historical estimate in the MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredPanuco ProjectTonnes: 12200000Grade: 1.93Grade Unit: g/tContained Metal: 758Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:b1944981e68bcc24e6fd
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 12200000
- Grade
- 1.93
- Grade Unit
- g/t
- Contained Metal
- 758
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 5.76
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated inferred gold resource row for Panuco from the January 8, 2024 estimate.
Positive factors
- The inferred gold component is fully stated alongside the silver estimate.
- Equivalent assumptions are disclosed.
Negative factors
- Historical restatement rather than a new estimate.
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
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredPanuco ProjectTonnes: 12200000Grade: 0.29Grade Unit: %Contained Metal: 35.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:b1944981e68bcc24e6fd
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 12200000
- Grade
- 0.29
- Grade Unit
- %
- Contained Metal
- 35.4
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 433
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated inferred lead resource row for Panuco from the January 8, 2024 estimate.
Positive factors
- Lead is quantified in the inferred row.
Negative factors
- Historical estimate restated in the MD&A.
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
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredPanuco ProjectTonnes: 12200000Grade: 1.03Grade Unit: %Contained Metal: 125.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:b1944981e68bcc24e6fd
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 12200000
- Grade
- 1.03
- Grade Unit
- %
- Contained Metal
- 125.3
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 433
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated inferred zinc resource row for Panuco from the January 8, 2024 estimate.
Positive factors
- Zinc is quantified in the inferred row.
Negative factors
- Historical restatement in this MD&A.
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
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 4500000Grade: 380Grade Unit: g/tContained Metal: 55201Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:6f546abc281edc862ead
- Deposit or zone
- Copala
Resource Data
- Category
- indicated
- Tonnes
- 4500000
- Grade
- 380
- Grade Unit
- g/t
- Contained Metal
- 55201
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 573
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated silver resource row for Copala.
Positive factors
- Copala carries a high silver grade within the indicated category.
- Contained silver is disclosed.
Negative factors
- Historical restatement from the January 8, 2024 estimate.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 4500000Grade: 2.46Grade Unit: g/tContained Metal: 358Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:6f546abc281edc862ead
- Deposit or zone
- Copala
Resource Data
- Category
- indicated
- Tonnes
- 4500000
- Grade
- 2.46
- Grade Unit
- g/t
- Contained Metal
- 358
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 7.64
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated gold resource row for Copala.
Positive factors
- Gold grade is strong for the resource row and contained ounces are stated.
Negative factors
- Historical restatement in the MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 4500000Grade: 0.08Grade Unit: %Contained Metal: 3.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:6f546abc281edc862ead
- Deposit or zone
- Copala
Resource Data
- Category
- indicated
- Tonnes
- 4500000
- Grade
- 0.08
- Grade Unit
- %
- Contained Metal
- 3.7
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 573
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated lead resource row for Copala.
Positive factors
- Lead is quantified in the Copala row.
Negative factors
- Historical restatement in this MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 4500000Grade: 0.15Grade Unit: %Contained Metal: 6.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:6f546abc281edc862ead
- Deposit or zone
- Copala
Resource Data
- Category
- indicated
- Tonnes
- 4500000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 6.9
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 573
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated zinc resource row for Copala.
Positive factors
- Zinc is quantified in the Copala row.
Negative factors
- Historical restatement in this MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 4500000Grade: 573Grade Unit: g/tContained Metal: 83270Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:6f546abc281edc862ead
- Deposit or zone
- Copala
Resource Data
- Category
- indicated
- Tonnes
- 4500000
- Grade
- 573
- Grade Unit
- g/t
- Contained Metal
- 83270
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 573
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated AgEq row for Copala.
Positive factors
- Contained silver-equivalent ounces are disclosed for Copala.
Negative factors
- Historical restatement in the MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedPanuco ProjectTonnes: 4500000Grade: 7.64Grade Unit: g/tContained Metal: 1110Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:6f546abc281edc862ead
- Deposit or zone
- Copala
Resource Data
- Category
- indicated
- Tonnes
- 4500000
- Grade
- 7.64
- Grade Unit
- g/t
- Contained Metal
- 1110
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 573
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated indicated AuEq row for Copala.
Positive factors
- Contained AuEq is disclosed for Copala.
Negative factors
- Historical restatement in the MD&A.
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredPanuco ProjectTonnes: 12200000Grade: 239Grade Unit: g/tContained Metal: 93563Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:b1944981e68bcc24e6fd
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 12200000
- Grade
- 239
- Grade Unit
- g/t
- Contained Metal
- 93563
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 433
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated total inferred silver row for Panuco.
Positive factors
- The total inferred silver row is clearly stated and large in scale.
Negative factors
- Historical restatement in this MD&A.
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
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredPanuco ProjectTonnes: 12200000Grade: 1.93Grade Unit: g/tContained Metal: 758Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:b1944981e68bcc24e6fd
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 12200000
- Grade
- 1.93
- Grade Unit
- g/t
- Contained Metal
- 758
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 433
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated total inferred gold row for Panuco.
Positive factors
- The inferred gold row is explicitly stated.
Negative factors
- Historical restatement in this MD&A.
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
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredPanuco ProjectTonnes: 12200000Grade: 0.29Grade Unit: %Contained Metal: 35.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:b1944981e68bcc24e6fd
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 12200000
- Grade
- 0.29
- Grade Unit
- %
- Contained Metal
- 35.4
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 433
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated total inferred lead row for Panuco.
Positive factors
- Lead is quantified in the total inferred row.
Negative factors
- Historical restatement in this MD&A.
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
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredPanuco ProjectTonnes: 12200000Grade: 1.03Grade Unit: %Contained Metal: 125.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jesus Velador
- Resource group id
- resource:b1944981e68bcc24e6fd
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 12200000
- Grade
- 1.03
- Grade Unit
- %
- Contained Metal
- 125.3
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-01-08
Metal Equivalent
- Metal Eq. Grade
- 433
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- not stated
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-08T00:00:00.000Z
Reasoning: Restated total inferred zinc row for Panuco.
Positive factors
- Zinc is quantified in the total inferred row.
Negative factors
- Historical restatement in this MD&A.
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
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
Metallurgical Results (57)
flotationPanuco Project · goldRecovery: 90.6 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- flotation + cyanide leach
- Sample
- Napoleon ore body
Recovery
- Recovery
- 90.6 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical metallurgical result for Napoleon quoted in the MD&A.
Positive factors
- Recovery is strong for a flotation plus cyanide leach circuit.
- The result is from optimized test work on the Napoleon ore body.
Negative factors
- The result is restated from a February 17, 2023 announcement.
- No QA/QC details are disclosed in this MD&A excerpt.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 87 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- flotation + cyanide leach
- Sample
- Napoleon ore body
Recovery
- Recovery
- 87 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical silver metallurgical result for Napoleon quoted in the MD&A.
Positive factors
- Silver recovery is strong for the disclosed route.
Negative factors
- Historical restatement from a prior release.
- QA/QC details are not provided here.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · goldRecovery: 90 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - rougher concentrate
Recovery
- Recovery
- 90 %
- Recovery Basis
- actual_test
- Conc. Grade
- 16
- Conc. Grade Unit
- g/t
- Mass Pull
- 17 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon rougher concentrate result quoted in the MD&A.
Positive factors
- The concentrate grade and mass pull are disclosed, helping validate the recovery claim.
- Gold recovery is strong for a flotation circuit.
Negative factors
- Historical restatement from prior test work.
- No QA/QC disclosure in this excerpt.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 93 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - rougher concentrate
Recovery
- Recovery
- 93 %
- Recovery Basis
- actual_test
- Conc. Grade
- 666
- Conc. Grade Unit
- g/t
- Mass Pull
- 17 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon rougher silver result quoted in the MD&A.
Positive factors
- Silver recovery is high and the concentrate grade is disclosed.
Negative factors
- Historical restatement from prior test work.
- No QA/QC disclosure in this excerpt.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 93% is at or above the exceptional band (90%)
flotationPanuco Project · leadRecovery: 94 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - rougher concentrate
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
- Conc. Grade
- 6.8
- Conc. Grade Unit
- %
- Mass Pull
- 17 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon rougher lead result quoted in the MD&A.
Positive factors
- Lead recovery is strong and the concentrate grade is stated.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 94 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - rougher concentrate
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
- Conc. Grade
- 5.8
- Conc. Grade Unit
- %
- Mass Pull
- 17 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon rougher zinc result quoted in the MD&A.
Positive factors
- Zinc recovery is strong and the concentrate grade is stated.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · goldRecovery: 88 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - 1 stage cleaner concentrate
Recovery
- Recovery
- 88 %
- Recovery Basis
- actual_test
- Conc. Grade
- 36
- Conc. Grade Unit
- g/t
- Mass Pull
- 7.1 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon cleaner concentrate gold result quoted in the MD&A.
Positive factors
- Cleaner-stage gold concentrate grade is much higher than feed and mass pull is low.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 89 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - 1 stage cleaner concentrate
Recovery
- Recovery
- 89 %
- Recovery Basis
- actual_test
- Conc. Grade
- 1524
- Conc. Grade Unit
- g/t
- Mass Pull
- 7.1 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon cleaner silver result quoted in the MD&A.
Positive factors
- Cleaner-stage silver concentrate grade is very high with modest mass pull.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · leadRecovery: 87 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - 1 stage cleaner concentrate
Recovery
- Recovery
- 87 %
- Recovery Basis
- actual_test
- Conc. Grade
- 15.1
- Conc. Grade Unit
- %
- Mass Pull
- 7.1 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon cleaner lead result quoted in the MD&A.
Positive factors
- Lead concentrate grade improves at the cleaner stage.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 90 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - 1 stage cleaner concentrate
Recovery
- Recovery
- 90 %
- Recovery Basis
- actual_test
- Conc. Grade
- 13.2
- Conc. Grade Unit
- %
- Mass Pull
- 7.1 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon cleaner zinc result quoted in the MD&A.
Positive factors
- Zinc cleaner concentrate grade is reported and recovery remains strong.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · goldRecovery: 86 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - 2 stage cleaner concentrate
Recovery
- Recovery
- 86 %
- Recovery Basis
- actual_test
- Conc. Grade
- 45
- Conc. Grade Unit
- g/t
- Mass Pull
- 5.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon two-stage cleaner gold result quoted in the MD&A.
Positive factors
- Gold concentrate grade increases further in the 2-stage cleaner product.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 87 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - 2 stage cleaner concentrate
Recovery
- Recovery
- 87 %
- Recovery Basis
- actual_test
- Conc. Grade
- 1888
- Conc. Grade Unit
- g/t
- Mass Pull
- 5.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon two-stage cleaner silver result quoted in the MD&A.
Positive factors
- Silver recovery and concentrate grade are both strong.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · leadRecovery: 82 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - 2 stage cleaner concentrate
Recovery
- Recovery
- 82 %
- Recovery Basis
- actual_test
- Conc. Grade
- 18.1
- Conc. Grade Unit
- %
- Mass Pull
- 5.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon two-stage cleaner lead result quoted in the MD&A.
Positive factors
- Lead concentrate grade remains high in the cleaner concentrate.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 87 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Napoleon ore body - 2 stage cleaner concentrate
Recovery
- Recovery
- 87 %
- Recovery Basis
- actual_test
- Conc. Grade
- 16.2
- Conc. Grade Unit
- %
- Mass Pull
- 5.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon two-stage cleaner zinc result quoted in the MD&A.
Positive factors
- Zinc cleaner concentrate grade improves from rougher to cleaner.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 79 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate
Recovery
- Recovery
- 79 %
- Recovery Basis
- actual_test
- Conc. Grade
- 1804
- Conc. Grade Unit
- g/t
- Mass Pull
- 6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher silver result quoted in the MD&A.
Positive factors
- Lead rougher concentrate is strongly upgraded relative to feed.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · goldRecovery: 80 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate
Recovery
- Recovery
- 80 %
- Recovery Basis
- actual_test
- Conc. Grade
- 40
- Conc. Grade Unit
- g/t
- Mass Pull
- 6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher gold result quoted in the MD&A.
Positive factors
- Gold recovery is solid in the lead rougher concentrate.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · leadRecovery: 93 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate
Recovery
- Recovery
- 93 %
- Recovery Basis
- actual_test
- Conc. Grade
- 18.3
- Conc. Grade Unit
- %
- Mass Pull
- 6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher lead result quoted in the MD&A.
Positive factors
- Lead recovery is high in the rougher concentrate.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 24 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate
Recovery
- Recovery
- 24 %
- Recovery Basis
- actual_test
- Conc. Grade
- 4.4
- Conc. Grade Unit
- %
- Mass Pull
- 6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher zinc result quoted in the MD&A.
Positive factors
- The sequential circuit demonstrates selectivity between lead and zinc streams.
Negative factors
- Zinc recovery is low in this lead rougher stream.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 9 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate
Recovery
- Recovery
- 9 %
- Recovery Basis
- actual_test
- Conc. Grade
- 194
- Conc. Grade Unit
- g/t
- Mass Pull
- 6.2 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher silver result quoted in the MD&A.
Positive factors
- The result documents the zinc stream's silver content.
Negative factors
- Silver recovery in this zinc rougher stream is weak.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 9% is below the weak band (75%)
flotationPanuco Project · goldRecovery: 8 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate
Recovery
- Recovery
- 8 %
- Recovery Basis
- actual_test
- Conc. Grade
- 4
- Conc. Grade Unit
- g/t
- Mass Pull
- 6.2 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher gold result quoted in the MD&A.
Positive factors
- The result documents gold deportment into the zinc rougher stream.
Negative factors
- Gold recovery in this stream is very low.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 8% is below the weak band (80%)
flotationPanuco Project · leadRecovery: 3 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate
Recovery
- Recovery
- 3 %
- Recovery Basis
- actual_test
- Conc. Grade
- 0.5
- Conc. Grade Unit
- %
- Mass Pull
- 6.2 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher lead result quoted in the MD&A.
Positive factors
- The zinc rougher stream carries little lead, indicating some selectivity.
Negative factors
- Lead recovery in this stream is poor.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 72 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate
Recovery
- Recovery
- 72 %
- Recovery Basis
- actual_test
- Conc. Grade
- 12.8
- Conc. Grade Unit
- %
- Mass Pull
- 6.2 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher zinc result quoted in the MD&A.
Positive factors
- Zinc recovery is moderate to strong in the rougher stream.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 76 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate, 1 stage cleaner
Recovery
- Recovery
- 76 %
- Recovery Basis
- actual_test
- Conc. Grade
- 4656
- Conc. Grade Unit
- g/t
- Mass Pull
- 2.1 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher 1-stage cleaner silver result quoted in the MD&A.
Positive factors
- Silver concentrate grade improves sharply in the first cleaner stage.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · goldRecovery: 71 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate, 1 stage cleaner
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
- Conc. Grade
- 110
- Conc. Grade Unit
- g/t
- Mass Pull
- 2.1 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher 1-stage cleaner gold result quoted in the MD&A.
Positive factors
- Gold concentrate grade is very high in the cleaner product.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 71% is below the weak band (80%)
flotationPanuco Project · leadRecovery: 87 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate, 1 stage cleaner
Recovery
- Recovery
- 87 %
- Recovery Basis
- actual_test
- Conc. Grade
- 49.1
- Conc. Grade Unit
- %
- Mass Pull
- 2.1 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher 1-stage cleaner lead result quoted in the MD&A.
Positive factors
- Lead concentrate grade is strong and recovery remains high.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 12 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate, 1 stage cleaner
Recovery
- Recovery
- 12 %
- Recovery Basis
- actual_test
- Conc. Grade
- 6.3
- Conc. Grade Unit
- %
- Mass Pull
- 2.1 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher 1-stage cleaner zinc result quoted in the MD&A.
Positive factors
- The cleaner-stage material retains some zinc.
Negative factors
- Zinc recovery remains low in this lead circuit.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 74 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate, 2 stage cleaner
Recovery
- Recovery
- 74 %
- Recovery Basis
- actual_test
- Conc. Grade
- 5550
- Conc. Grade Unit
- g/t
- Mass Pull
- 1.7 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher 2-stage cleaner silver result quoted in the MD&A.
Positive factors
- Silver concentrate grade is very high in the two-stage cleaner product.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 74% is below the weak band (75%)
flotationPanuco Project · goldRecovery: 68 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate, 2 stage cleaner
Recovery
- Recovery
- 68 %
- Recovery Basis
- actual_test
- Conc. Grade
- 134
- Conc. Grade Unit
- g/t
- Mass Pull
- 1.7 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher 2-stage cleaner gold result quoted in the MD&A.
Positive factors
- Gold concentrate grade is very high in the second cleaner product.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 68% is below the weak band (80%)
flotationPanuco Project · leadRecovery: 83 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate, 2 stage cleaner
Recovery
- Recovery
- 83 %
- Recovery Basis
- actual_test
- Conc. Grade
- 58.4
- Conc. Grade Unit
- %
- Mass Pull
- 1.7 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher 2-stage cleaner lead result quoted in the MD&A.
Positive factors
- Lead concentrate grade is exceptionally high and recovery remains strong.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 9 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - lead rougher concentrate, 2 stage cleaner
Recovery
- Recovery
- 9 %
- Recovery Basis
- actual_test
- Conc. Grade
- 5.7
- Conc. Grade Unit
- %
- Mass Pull
- 1.7 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential lead rougher 2-stage cleaner zinc result quoted in the MD&A.
Positive factors
- The cleaner product still carries some zinc.
Negative factors
- Zinc recovery is weak in this stream.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 7 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate, 1 stage cleaner
Recovery
- Recovery
- 7 %
- Recovery Basis
- actual_test
- Conc. Grade
- 628
- Conc. Grade Unit
- g/t
- Mass Pull
- 1.7 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher 1-stage cleaner silver result quoted in the MD&A.
Positive factors
- Silver grade remains elevated in the zinc cleaner product.
Negative factors
- Silver recovery is very low in this stream.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 7% is below the weak band (75%)
flotationPanuco Project · goldRecovery: 8 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate, 1 stage cleaner
Recovery
- Recovery
- 8 %
- Recovery Basis
- actual_test
- Conc. Grade
- 13
- Conc. Grade Unit
- g/t
- Mass Pull
- 1.7 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher 1-stage cleaner gold result quoted in the MD&A.
Positive factors
- The cleaner product still contains gold.
Negative factors
- Gold recovery is very low in this stream.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 8% is below the weak band (80%)
flotationPanuco Project · leadRecovery: 2 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate, 1 stage cleaner
Recovery
- Recovery
- 2 %
- Recovery Basis
- actual_test
- Conc. Grade
- 1.4
- Conc. Grade Unit
- %
- Mass Pull
- 1.7 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher 1-stage cleaner lead result quoted in the MD&A.
Positive factors
- Lead is almost completely rejected from the zinc stream.
Negative factors
- Lead recovery is extremely low.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 71 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate, 1 stage cleaner
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
- Conc. Grade
- 47.2
- Conc. Grade Unit
- %
- Mass Pull
- 1.7 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher 1-stage cleaner zinc result quoted in the MD&A.
Positive factors
- Zinc concentrate grade is very high at the cleaner stage.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 7 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate, 2 stage cleaner
Recovery
- Recovery
- 7 %
- Recovery Basis
- actual_test
- Conc. Grade
- 692
- Conc. Grade Unit
- g/t
- Mass Pull
- 1.4 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher 2-stage cleaner silver result quoted in the MD&A.
Positive factors
- Silver grade remains elevated in the zinc cleaner product.
Negative factors
- Silver recovery is very low in this stream.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 7% is below the weak band (75%)
flotationPanuco Project · goldRecovery: 7 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate, 2 stage cleaner
Recovery
- Recovery
- 7 %
- Recovery Basis
- actual_test
- Conc. Grade
- 15
- Conc. Grade Unit
- g/t
- Mass Pull
- 1.4 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher 2-stage cleaner gold result quoted in the MD&A.
Positive factors
- Gold remains present in the zinc cleaner product.
Negative factors
- Gold recovery is very low.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 7% is below the weak band (80%)
flotationPanuco Project · leadRecovery: 1 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate, 2 stage cleaner
Recovery
- Recovery
- 1 %
- Recovery Basis
- actual_test
- Conc. Grade
- 1.2
- Conc. Grade Unit
- %
- Mass Pull
- 1.4 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher 2-stage cleaner lead result quoted in the MD&A.
Positive factors
- Lead is nearly fully rejected from the zinc stream.
Negative factors
- Lead recovery is extremely low.
- Historical restatement.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · zincRecovery: 71 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- sequential flotation
- Sample
- Napoleon ore body - zinc rougher concentrate, 2 stage cleaner
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
- Conc. Grade
- 56.2
- Conc. Grade Unit
- %
- Mass Pull
- 1.4 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon sequential zinc rougher 2-stage cleaner zinc result quoted in the MD&A.
Positive factors
- Zinc concentrate grade remains very high at the second cleaner stage.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
gravityPanuco Project · silverRecovery: 40 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration
- Sample
- Napoleon ore body - Knelson concentrate
Recovery
- Recovery
- 40 %
- Recovery Basis
- actual_test
- Conc. Grade
- 1087
- Conc. Grade Unit
- g/t
- Mass Pull
- 3.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon gravity concentration result quoted in the MD&A.
Positive factors
- Gravity concentration recovers some silver and produces a high-grade concentrate.
Negative factors
- Recovery is only moderate in the gravity circuit.
- Historical restatement.
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 40% is below the weak band (75%)
gravityPanuco Project · goldRecovery: 29 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration
- Sample
- Napoleon ore body - Knelson concentrate
Recovery
- Recovery
- 29 %
- Recovery Basis
- actual_test
- Conc. Grade
- 31
- Conc. Grade Unit
- g/t
- Mass Pull
- 3.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon gravity concentration gold result quoted in the MD&A.
Positive factors
- Gravity concentration produces a gold-bearing concentrate.
Negative factors
- Gold recovery is modest for a primary recovery circuit.
- Historical restatement.
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 29% is below the weak band (80%)
gravityPanuco Project · leadRecovery: 28 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration
- Sample
- Napoleon ore body - Knelson concentrate
Recovery
- Recovery
- 28 %
- Recovery Basis
- actual_test
- Conc. Grade
- 8.9
- Conc. Grade Unit
- %
- Mass Pull
- 3.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon gravity concentration lead result quoted in the MD&A.
Positive factors
- Gravity recovers some lead into the Knelson concentrate.
Negative factors
- Recovery is not strong.
- Historical restatement.
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
gravityPanuco Project · zincRecovery: 12 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration
- Sample
- Napoleon ore body - Knelson concentrate
Recovery
- Recovery
- 12 %
- Recovery Basis
- actual_test
- Conc. Grade
- 3.5
- Conc. Grade Unit
- %
- Mass Pull
- 3.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon gravity concentration zinc result quoted in the MD&A.
Positive factors
- The gravity concentrate still carries zinc.
Negative factors
- Zinc recovery is weak in this circuit.
- Historical restatement.
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
gravityPanuco Project · silverRecovery: 26 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration
- Sample
- Napoleon ore body - tabled Knelson concentrate
Recovery
- Recovery
- 26 %
- Recovery Basis
- actual_test
- Conc. Grade
- 2670
- Conc. Grade Unit
- g/t
- Mass Pull
- 0.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon tabled Knelson silver result quoted in the MD&A.
Positive factors
- The tabling step upgrades silver grade in a very small mass pull.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 26% is below the weak band (75%)
gravityPanuco Project · goldRecovery: 12 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration
- Sample
- Napoleon ore body - tabled Knelson concentrate
Recovery
- Recovery
- 12 %
- Recovery Basis
- actual_test
- Conc. Grade
- 122
- Conc. Grade Unit
- g/t
- Mass Pull
- 0.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon tabled Knelson gold result quoted in the MD&A.
Positive factors
- The tabling step upgrades gold grade further.
Negative factors
- Gold recovery remains modest.
- Historical restatement.
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 12% is below the weak band (80%)
gravityPanuco Project · leadRecovery: 13 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration
- Sample
- Napoleon ore body - tabled Knelson concentrate
Recovery
- Recovery
- 13 %
- Recovery Basis
- actual_test
- Conc. Grade
- 24.8
- Conc. Grade Unit
- %
- Mass Pull
- 0.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon tabled Knelson lead result quoted in the MD&A.
Positive factors
- Lead concentrate grade is very high in the tabled product.
Negative factors
- Recovery is still moderate.
- Historical restatement.
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
gravityPanuco Project · zincRecovery: 2 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration
- Sample
- Napoleon ore body - tabled Knelson concentrate
Recovery
- Recovery
- 2 %
- Recovery Basis
- actual_test
- Conc. Grade
- 2.9
- Conc. Grade Unit
- %
- Mass Pull
- 0.6 %
Lab
- Laboratory
- third-party laboratory
- Consultant
- consulting company with experts in the field
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-02-17T00:00:00.000Z
Reasoning: Historical Napoleon tabled Knelson zinc result quoted in the MD&A.
Positive factors
- Very small mass pull shows high selectivity.
Negative factors
- Zinc recovery is poor in the tabled concentrate.
- Historical restatement.
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
cyanidationPanuco Project · goldRecovery: 89.7 %View all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined cyanidation
- Sample
- Diorite MC
Recovery
- Recovery
- 89.7 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1 kg/t
- Lime
- 1 kg/t
- Reagent Notes
- Cyanidation of Flotation Concentrate and Tails; Combined CN Extractions
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- No
- Historical
- No
Reasoning: Historical combined cyanidation result for Diorite MC quoted in the MD&A.
Positive factors
- Gold recovery is strong in the combined cyanidation test.
- Reagent consumptions are disclosed.
Negative factors
- This is a historical metallurgical result restated in the MD&A.
- The route is somewhat composite and not a standalone modern locked-cycle or pilot test.
cyanidationPanuco Project · silverRecovery: 90.3 %View all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined cyanidation
- Sample
- Diorite MC
Recovery
- Recovery
- 90.3 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1 kg/t
- Lime
- 1 kg/t
- Reagent Notes
- Cyanidation of Flotation Concentrate and Tails; Combined CN Extractions
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- No
- Historical
- No
Reasoning: Historical combined cyanidation result for Diorite MC quoted in the MD&A.
Positive factors
- Silver recovery is strong in the combined cyanidation test.
- Reagent consumptions are disclosed.
Negative factors
- Historical restatement.
- Route details are composite rather than a single definitive circuit.
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 90.3% is at or above the exceptional band (90%)
cyanidationPanuco Project · goldRecovery: 89.4 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined flotation and cyanidation
- Sample
- Diorite MC
Recovery
- Recovery
- 89.4 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.5 kg/t
- Lime
- 0.8 kg/t
- Reagent Notes
- Salable Concentrate/ Cyanidation on Tails; Combined Float/CN; estimated values
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: Historical combined flotation/cyanidation result for Diorite MC quoted in the MD&A.
Positive factors
- Gold recovery is strong and reagent usage is moderate.
- The document identifies the values as estimated.
Negative factors
- Estimated values are less certain than measured results.
- Historical result restated from a prior technical report.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
cyanidationPanuco Project · silverRecovery: 87.3 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined flotation and cyanidation
- Sample
- Diorite MC
Recovery
- Recovery
- 87.3 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.5 kg/t
- Lime
- 0.8 kg/t
- Reagent Notes
- Salable Concentrate/ Cyanidation on Tails; Combined Float/CN; estimated values
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: Historical combined flotation/cyanidation result for Diorite MC quoted in the MD&A.
Positive factors
- Silver recovery is strong with moderate reagent consumption.
Negative factors
- Estimated values and historical restatement reduce confidence.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
cyanidationPanuco Project · goldRecovery: 87.3 %View all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined cyanidation
- Sample
- Andesite MC
Recovery
- Recovery
- 87.3 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1 kg/t
- Lime
- 1.4 kg/t
- Reagent Notes
- Cyanidation of Flotation Concentrate on Tails; Combined CN Extractions
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- No
- Historical
- No
Reasoning: Historical combined cyanidation result for Andesite MC quoted in the MD&A.
Positive factors
- Gold recovery is strong in the combined cyanidation test.
Negative factors
- Historical restatement in the MD&A.
cyanidationPanuco Project · silverRecovery: 94.2 %View all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined cyanidation
- Sample
- Andesite MC
Recovery
- Recovery
- 94.2 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1 kg/t
- Lime
- 1.4 kg/t
- Reagent Notes
- Cyanidation of Flotation Concentrate on Tails; Combined CN Extractions
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- No
- Historical
- No
Reasoning: Historical combined cyanidation result for Andesite MC quoted in the MD&A.
Positive factors
- Silver recovery is very strong in the combined cyanidation test.
Negative factors
- Historical restatement.
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 94.2% is at or above the exceptional band (90%)
cyanidationPanuco Project · goldRecovery: 89.8 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined flotation and cyanidation
- Sample
- Andesite MC
Recovery
- Recovery
- 89.8 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.5 kg/t
- Lime
- 0.8 kg/t
- Reagent Notes
- Salable Concentrate / Cyanidation on Tails; Combined Float/CN; estimated values
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: Historical combined flotation/cyanidation result for Andesite MC quoted in the MD&A.
Positive factors
- Gold recovery is strong and the route is disclosed.
Negative factors
- Historical and estimated values, so certainty is limited.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
cyanidationPanuco Project · silverRecovery: 94.1 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined flotation and cyanidation
- Sample
- Andesite MC
Recovery
- Recovery
- 94.1 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.5 kg/t
- Lime
- 0.8 kg/t
- Reagent Notes
- Salable Concentrate / Cyanidation on Tails; Combined Float/CN; estimated values
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: Historical combined flotation/cyanidation result for Andesite MC quoted in the MD&A.
Positive factors
- Silver recovery is strong and the route is disclosed.
Negative factors
- Historical and estimated values reduce certainty.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 94.1% is at or above the exceptional band (90%)
cyanidationPanuco Project · goldRecovery: 80.8 %View all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- combined cyanidation
- Sample
- Andesite Low MnOX MC
Recovery
- Recovery
- 80.8 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.9 kg/t
- Lime
- 0.8 kg/t
- Reagent Notes
- Cyanidation of Flotation Concentrate and Tails; Combined CN Extractions
Lab
- Laboratory
- third-party laboratory
- Consultant
- not stated
Review
- Needs Review
- No
- Historical
- No
Reasoning: Historical combined cyanidation result for Andesite Low MnOX MC quoted in the MD&A.
Positive factors
- The result is still economically relevant but materially lower than the other cyanidation tests.
Negative factors
- Recovery is only moderate for gold.
- Historical restatement.
flotationPanuco Project · goldRecovery: 93.7 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- flotation + cyanide leach
- Sample
- Copala ore body - flotation concentrate
Recovery
- Recovery
- 93.7 %
- Recovery Basis
- actual_test
- Mass Pull
- 7 %
Lab
- Laboratory
- not stated
- Consultant
- not stated
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-08-16T00:00:00.000Z
Reasoning: Historical Copala flotation-plus-cyanide result quoted in the MD&A.
Positive factors
- Total gold recovery is very strong for the flotation plus cyanide leach flowsheet.
- Mass pull is low, which supports a selective process.
Negative factors
- This is a historical result restated from an August 16, 2023 news release.
- No QA/QC disclosure is provided here.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationPanuco Project · silverRecovery: 90.6 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco Project
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- flotation + cyanide leach
- Sample
- Copala ore body - flotation concentrate
Recovery
- Recovery
- 90.6 %
- Recovery Basis
- actual_test
- Mass Pull
- 7 %
Lab
- Laboratory
- not stated
- Consultant
- not stated
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-08-16T00:00:00.000Z
Reasoning: Historical Copala flotation-plus-cyanide silver result quoted in the MD&A.
Positive factors
- Silver recovery is strong in the Copala flotation plus cyanide test.
Negative factors
- Historical restatement.
- No QA/QC disclosure.
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 90.6% is at or above the exceptional band (90%)
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.