Vizsla Silver Corp.: Exhibit 99.3 - 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, Drill results, Metallurgy
- Extracted
- 2026-11-07 15:24:40 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Vizsla Silver filed its annual MD&A for the year ended April 30, 2025, covering corporate, financial and project updates. The document includes an updated Panuco resource estimate, a new discovery at Animas, and summaries of prior metallurgical testwork and test-mining progress. It is mostly a corporate/annual-report disclosure rather than a standalone technical news release.
Reasoning: This is primarily an annual MD&A/corporate disclosure, but it contains substantial resource, drill and metallurgy information. The resource update and new discovery are material positives, though much of the technical content is contextual or historical.
Positive factors
- MD&A reports an updated NI 43-101 mineral resource estimate for Panuco with Measured & Indicated and Inferred tonnes and grades
- Release also discloses a new high-grade discovery at Animas in hole AM-25-90
- The document includes metallurgical testwork summaries and exploration/test mining progress
Negative factors
- Annual report / MD&A format mixes many historical disclosures and financial boilerplate
- Several technical results are restated from prior releases rather than being wholly new
- No new assay table is provided for the discovery hole beyond the headline interval
Rubric flags
- resource_update completeness — The document contains a resource estimate table with multiple grade columns. Separate facts were created for each commodity column and for the sensitivity rows, but some analytical consumers may prefer only the headline estimate rows; do not drop the sensitivity rows in downstream filtering if full traceability is required.
- historical metallurgy — Metallurgical results in the MD&A are explicitly historical restatements from 2023 releases. They were tagged historical and should not be treated as fresh testwork.
Facts used in scoring: 76
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Panuco resource update is stated to be prepared in accordance with NI 43-101, not JORC, so this tag does not apply; instead the document shows a compliant NI 43-101 technical report.
Evidence · text
“prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")”
NI 43 101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical report for the updated mineral resource estimate is explicitly said to be prepared in accordance with NI 43-101.
Evidence · text
“prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The discovery is positioned six kilometres northeast of the Copala resource area and along the Animas Vein system below historic mine workings.
Evidence · text
“approximately six kilometers to the northeast of the Copala resource area”
Step Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The new discovery is described along the Animas Vein system beyond the Copala resource area, indicating extension of known mineralization.
Evidence · text
“approximately six kilometers to the northeast of the Copala resource area”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The La Garra sampling paragraph names standards, blanks and duplicates, and the resource update notes a qualified person and NI 43-101 report.
Evidence · text
“quality controls (standards, blanks, and duplicates)”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The new discovery interval reports 2,256 g/t AgEq over 1.13 metres, which is exceptionally high grade.
Evidence · text
“2,256 g/t AgEq over 1.13 meters”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The AM-25-90 discovery is reported as a downhole interval without true width or orientation details in the excerpt.
Evidence · text
“897 g/t AgEq over 5.85 meters including 2,256 g/t AgEq over 1.13 meters”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The Copala program is described as infill and resource expansion drilling that converted indicated resources into measured resources.
Evidence · text
“The infill and resource expansion drilling program in Copala”
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource tables state the cut-off as 150 g/t AgEq or 1.97 g/t AuEq, and the sensitivity table lists multiple cut-offs.
Evidence · text
“(150 g/t AgEq cut-off) or (1.97 g/t AuEq cut-off)”
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: AgEq and AuEq formulas are disclosed with price assumptions, so the equivalent is not opaque; this tag is therefore not applied.
Evidence · text
“Metal price assumptions are $26.00/oz silver, $1,975/oz gold, $2,425/t lead and $2,976/t zinc.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Multi Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 4 distinct composites were tested
Extracted facts
Stored fact records: 76. Some facts used in scoring do not have a stored record.
Drill Results (2)
AM-25-90PanucoIntercept: 5.85 mView all detailsHide details
Identity
- Hole ID
- AM-25-90
- Project
- Panuco
- Region
- mexico
- Reported Region
- mexico
Geometry
- Intercept
- 5.85 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Animas Vein system
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 897
- Metal Eq. Unit
- g/t Ag-Eq
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Reasoning: This is the headline Animas discovery interval reported for hole AM-25-90.
Positive factors
- New discovery in ongoing exploration drill program
- Very high AgEq over a meaningful 5.85 m interval
- Located in the Animas Vein system
Negative factors
- Only AgEq is reported in the headline interval; individual metal breakdown is not provided here
- No hole depth or from/to depths are stated in the excerpt
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut Off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: an equivalent grade is reported without its assumptions
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The rhyolite-dacite dome in the Animas zone, adjacent to the El Muerto mine shows sericite alteration and silicification"
AM-25-90PanucoIntercept: 1.13 mView all detailsHide details
Identity
- Hole ID
- AM-25-90
- Project
- Panuco
- Region
- mexico
- Reported Region
- mexico
Geometry
- Intercept
- 1.13 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Animas Vein system
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 2256
- Metal Eq. Unit
- g/t Ag-Eq
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Reasoning: This is the higher-grade subinterval included within the AM-25-90 discovery headline.
Positive factors
- Subinterval is exceptionally high grade
- Included within the broader discovery interval
Negative factors
- Only AgEq is reported in the headline interval; individual metal breakdown is not provided here
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut Off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: an equivalent grade is reported without its assumptions
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The rhyolite-dacite dome in the Animas zone, adjacent to the El Muerto mine shows sericite alteration and silicification"
Resource Estimates (52)
indicatedPanuco · silverTonnes: 12960000Grade: 307Grade Unit: g/tContained Metal: 127819Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:fc0fae7eefee2792a2db
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 12960000
- Grade
- 307
- Grade Unit
- g/t
- Contained Metal
- 127819
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 534
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the headline resource row for the Panuco project's measured and indicated resource at the stated cut-off.
Positive factors
- Updated NI 43-101 resource estimate is explicitly disclosed
- M&I resource is substantial at 12.96 Mt
- Metal equivalent assumptions are stated in the footnote
Negative factors
- The release is an MD&A summary rather than the full technical report
- No cut-off sensitivity basis beyond the headline estimate is required here
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · goldTonnes: 12960000Grade: 2.49Grade Unit: g/tContained Metal: 1036Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:fc0fae7eefee2792a2db
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 12960000
- Grade
- 2.49
- Grade Unit
- g/t
- Contained Metal
- 1036
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 6.58
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the gold component of the Panuco measured and indicated resource row.
Positive factors
- Updated NI 43-101 resource estimate is explicitly disclosed
- Grade and contained metal are both stated
- Metal equivalent assumptions are stated in the footnote
Negative factors
- The release is an MD&A summary rather than the full technical report
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · leadTonnes: 12960000Grade: 0.27Grade Unit: %Contained Metal: 34.9Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:fc0fae7eefee2792a2db
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 12960000
- Grade
- 0.27
- Grade Unit
- %
- Contained Metal
- 34.9
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.85
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the lead grade disclosed in the Panuco measured and indicated resource table.
Positive factors
- Lead grade and contained metal are explicitly reported
- Resource estimate is NI 43-101 compliant
Negative factors
- Lead is a byproduct within a silver-gold resource table
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · zincTonnes: 12960000Grade: 0.85Grade Unit: %Contained Metal: 110.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:fc0fae7eefee2792a2db
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 12960000
- Grade
- 0.85
- Grade Unit
- %
- Contained Metal
- 110.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 6.58
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the zinc grade disclosed in the Panuco measured and indicated resource table.
Positive factors
- Zinc grade and contained metal are explicitly reported
- Resource estimate is NI 43-101 compliant
Negative factors
- Zinc is a byproduct within a polymetallic resource
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · silverTonnes: 10500000Grade: 219Grade Unit: g/tContained Metal: 73621Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 219
- Grade Unit
- g/t
- Contained Metal
- 73621
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the inferred silver component of the Panuco resource estimate.
Positive factors
- Inferred resource is explicitly stated with tonnes and grade
- NI 43-101 report and QP completion are stated
Negative factors
- Inferred category is lower confidence than indicated/measured
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · goldTonnes: 10500000Grade: 1.96Grade Unit: g/tContained Metal: 660Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 1.96
- Grade Unit
- g/t
- Contained Metal
- 660
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.91
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the inferred gold component of the Panuco resource estimate.
Positive factors
- Inferred gold grade and contained metal are explicitly stated
- Compliant technical report is referenced
Negative factors
- Inferred category lowers confidence
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · leadTonnes: 10500000Grade: 0.3Grade Unit: %Contained Metal: 31.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 31.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 1.01
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the inferred lead grade reported in the Panuco resource table.
Positive factors
- Lead grade and contained metal are explicitly reported
Negative factors
- Inferred category and byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · zincTonnes: 10500000Grade: 1.01Grade Unit: %Contained Metal: 106.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 1.01
- Grade Unit
- %
- Contained Metal
- 106.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.91
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the inferred zinc grade reported in the Panuco resource table.
Positive factors
- Zinc grade and contained metal are explicitly reported
Negative factors
- Inferred category and byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · silverTonnes: 1880000Grade: 442Grade Unit: g/tContained Metal: 26744Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:67c561948ab48572a30e
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 1880000
- Grade
- 442
- Grade Unit
- g/t
- Contained Metal
- 26744
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 684
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the measured silver resource for the Copala vein.
Positive factors
- Measured resource row is explicitly stated
- High silver grade and contained metal
- Resource estimate is compliant and signed off
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · goldTonnes: 1880000Grade: 3.09Grade Unit: g/tContained Metal: 187Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:67c561948ab48572a30e
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 1880000
- Grade
- 3.09
- Grade Unit
- g/t
- Contained Metal
- 187
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 8.92
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the measured gold resource for the Copala vein.
Positive factors
- Measured gold grade is clearly stated
- Contained metal is also provided
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · leadTonnes: 1880000Grade: 0.08Grade Unit: %Contained Metal: 1.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:67c561948ab48572a30e
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 1880000
- Grade
- 0.08
- Grade Unit
- %
- Contained Metal
- 1.4
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.15
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the lead grade in the measured Copala row.
Positive factors
- Lead grade is explicitly reported
Negative factors
- Byproduct metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · zincTonnes: 1880000Grade: 0.15Grade Unit: %Contained Metal: 2.9Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:67c561948ab48572a30e
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 1880000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 2.9
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.15
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the zinc grade in the measured Copala row.
Positive factors
- Zinc grade is explicitly reported
Negative factors
- Byproduct metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · silverTonnes: 360000Grade: 161Grade Unit: g/tContained Metal: 1853Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:1d70cffdcb494859ed5c
- Deposit or zone
- Napoleon
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 360000
- Grade
- 161
- Grade Unit
- g/t
- Contained Metal
- 1853
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 404
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the measured silver resource for the Napoleon vein.
Positive factors
- Measured Napoleon silver resource is stated
- Contained metal is explicitly given
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · goldTonnes: 360000Grade: 2.34Grade Unit: g/tContained Metal: 27Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:1d70cffdcb494859ed5c
- Deposit or zone
- Napoleon
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 360000
- Grade
- 2.34
- Grade Unit
- g/t
- Contained Metal
- 27
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.55
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the measured gold resource for the Napoleon vein.
Positive factors
- Measured gold grade is stated
- Contained metal is provided
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · leadTonnes: 360000Grade: 0.51Grade Unit: %Contained Metal: 1.8Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:1d70cffdcb494859ed5c
- Deposit or zone
- Napoleon
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 360000
- Grade
- 0.51
- Grade Unit
- %
- Contained Metal
- 1.8
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.51
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the lead grade in the measured Napoleon row.
Positive factors
- Lead grade is explicitly reported
Negative factors
- Byproduct metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · zincTonnes: 360000Grade: 1.41Grade Unit: %Contained Metal: 5.1Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:1d70cffdcb494859ed5c
- Deposit or zone
- Napoleon
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 360000
- Grade
- 1.41
- Grade Unit
- %
- Contained Metal
- 5.1
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.55
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the zinc grade in the measured Napoleon row.
Positive factors
- Zinc grade is explicitly reported
Negative factors
- Byproduct metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · silverTonnes: 10720000Grade: 288Grade Unit: g/tContained Metal: 99222Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:5cffd043e8859cda6b3a
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10720000
- Grade
- 288
- Grade Unit
- g/t
- Contained Metal
- 99222
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 512
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the total indicated silver resource for Panuco.
Positive factors
- Total indicated resource is explicitly stated
- Contained silver metal is substantial
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · goldTonnes: 10720000Grade: 2.39Grade Unit: g/tContained Metal: 822Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:5cffd043e8859cda6b3a
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10720000
- Grade
- 2.39
- Grade Unit
- g/t
- Contained Metal
- 822
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 6.23
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the total indicated gold resource for Panuco.
Positive factors
- Total indicated gold resource is explicitly stated
- Contained gold is substantial
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · leadTonnes: 10720000Grade: 0.3Grade Unit: %Contained Metal: 31.6Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:5cffd043e8859cda6b3a
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10720000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 31.6
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.95
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the total indicated lead resource for Panuco.
Positive factors
- Lead grade and contained metal are explicitly reported
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · zincTonnes: 10720000Grade: 0.95Grade Unit: %Contained Metal: 102.3Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:5cffd043e8859cda6b3a
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10720000
- Grade
- 0.95
- Grade Unit
- %
- Contained Metal
- 102.3
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 6.23
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the total indicated zinc resource for Panuco.
Positive factors
- Zinc grade and contained metal are explicitly reported
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · silverTonnes: 10500000Grade: 219Grade Unit: g/tContained Metal: 73621Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 219
- Grade Unit
- g/t
- Contained Metal
- 73621
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the total inferred silver resource for Panuco.
Positive factors
- Total inferred resource is explicitly stated
- Contained silver metal is substantial
Negative factors
- Inferred category
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · goldTonnes: 10500000Grade: 1.96Grade Unit: g/tContained Metal: 660Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 1.96
- Grade Unit
- g/t
- Contained Metal
- 660
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.91
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the total inferred gold resource for Panuco.
Positive factors
- Total inferred gold resource is explicitly stated
Negative factors
- Inferred category
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · leadTonnes: 10500000Grade: 0.3Grade Unit: %Contained Metal: 31.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 31.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 1.01
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the total inferred lead resource for Panuco.
Positive factors
- Lead grade and contained metal are explicitly reported
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · zincTonnes: 10500000Grade: 1.01Grade Unit: %Contained Metal: 106.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:a8cd8c8dc322a74a278b
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 1.01
- Grade Unit
- %
- Contained Metal
- 106.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.91
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the total inferred zinc resource for Panuco.
Positive factors
- Zinc grade and contained metal are explicitly reported
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · silverTonnes: 2240000Grade: 397Grade Unit: g/tContained Metal: 28597Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:f555219d37ccdeda431a
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2240000
- Grade
- 397
- Grade Unit
- g/t
- Contained Metal
- 28597
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 640
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the measured silver total for Copala and Napoleon combined.
Positive factors
- Measured vein total is explicitly stated
- High silver grade and contained metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · goldTonnes: 2240000Grade: 2.97Grade Unit: g/tContained Metal: 214Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:f555219d37ccdeda431a
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2240000
- Grade
- 2.97
- Grade Unit
- g/t
- Contained Metal
- 214
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 8.22
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the measured gold total for the combined Copala/Napoleon measured resource.
Positive factors
- Measured gold total is explicitly stated
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · leadTonnes: 2240000Grade: 0.15Grade Unit: %Contained Metal: 3.3Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:f555219d37ccdeda431a
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2240000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 3.3
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.35
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the measured lead total for the combined measured resource.
Positive factors
- Lead total is explicitly stated
Negative factors
- Byproduct metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · zincTonnes: 2240000Grade: 0.35Grade Unit: %Contained Metal: 7.9Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:f555219d37ccdeda431a
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2240000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 7.9
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.35
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the measured zinc total for the combined measured resource.
Positive factors
- Zinc total is explicitly stated
Negative factors
- Byproduct metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · silverTonnes: 10720000Grade: 288Grade Unit: g/tContained Metal: 99222Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:17f162c524f8d5f92003
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10720000
- Grade
- 288
- Grade Unit
- g/t
- Contained Metal
- 99222
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 512
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the indicated silver total for the combined resource table.
Positive factors
- Total indicated resource is explicitly stated
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · goldTonnes: 10720000Grade: 2.39Grade Unit: g/tContained Metal: 822Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:17f162c524f8d5f92003
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10720000
- Grade
- 2.39
- Grade Unit
- g/t
- Contained Metal
- 822
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 6.23
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the indicated gold total for the combined resource table.
Positive factors
- Total indicated gold resource is explicitly stated
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · leadTonnes: 10720000Grade: 0.3Grade Unit: %Contained Metal: 31.6Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:17f162c524f8d5f92003
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10720000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 31.6
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.95
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the lead total for the indicated resource.
Positive factors
- Lead total is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · zincTonnes: 10720000Grade: 0.95Grade Unit: %Contained Metal: 102.3Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:17f162c524f8d5f92003
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10720000
- Grade
- 0.95
- Grade Unit
- %
- Contained Metal
- 102.3
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 6.23
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the zinc total for the indicated resource.
Positive factors
- Zinc total is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · silverTonnes: 10500000Grade: 219Grade Unit: g/tContained Metal: 73621Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:32d127392da585c812cc
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 219
- Grade Unit
- g/t
- Contained Metal
- 73621
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 412
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the total inferred silver figure repeated in the summary table.
Positive factors
- Total inferred resource is explicitly stated
Negative factors
- Inferred category
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · goldTonnes: 10500000Grade: 1.96Grade Unit: g/tContained Metal: 660Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:32d127392da585c812cc
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 1.96
- Grade Unit
- g/t
- Contained Metal
- 660
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.91
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the total inferred gold figure repeated in the summary table.
Positive factors
- Total inferred resource is explicitly stated
Negative factors
- Inferred category
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · leadTonnes: 10500000Grade: 0.3Grade Unit: %Contained Metal: 31.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:32d127392da585c812cc
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 31.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 1.01
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the lead total in the inferred resource row.
Positive factors
- Lead total is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · zincTonnes: 10500000Grade: 1.01Grade Unit: %Contained Metal: 106.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:32d127392da585c812cc
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 1.01
- Grade Unit
- %
- Contained Metal
- 106.2
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.91
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the zinc total in the inferred resource row.
Positive factors
- Zinc total is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · silverTonnes: 1610000Grade: 505Grade Unit: g/tContained Metal: 26174Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:927e281e5833b220f1e0
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 1610000
- Grade
- 505
- Grade Unit
- g/t
- Contained Metal
- 26174
- Contained Unit
- koz
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 803
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the sensitivity-table measured silver row at 300 g/t AgEq cut-off.
Positive factors
- Higher cut-off sensitivity row is explicitly stated
- Very high silver grade
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · goldTonnes: 1610000Grade: 3.7Grade Unit: g/tContained Metal: 192Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:927e281e5833b220f1e0
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 1610000
- Grade
- 3.7
- Grade Unit
- g/t
- Contained Metal
- 192
- Contained Unit
- koz
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 10.37
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the sensitivity-table measured gold row at 300 g/t AgEq cut-off.
Positive factors
- Higher cut-off sensitivity row is explicitly stated
- Gold grade is very strong
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · leadTonnes: 1610000Grade: 0.15Grade Unit: %Contained Metal: 2.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:927e281e5833b220f1e0
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 1610000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 2.4
- Contained Unit
- kt
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.33
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the lead sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Lead grade is explicitly stated
Negative factors
- Byproduct metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
measuredPanuco · zincTonnes: 1610000Grade: 0.33Grade Unit: %Contained Metal: 5.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:927e281e5833b220f1e0
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 1610000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 5.4
- Contained Unit
- kt
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.33
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the zinc sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Zinc grade is explicitly stated
Negative factors
- Byproduct metal
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off 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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · silverTonnes: 6450000Grade: 409Grade Unit: g/tContained Metal: 84819Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0fcb5930ccfbf0f3b125
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6450000
- Grade
- 409
- Grade Unit
- g/t
- Contained Metal
- 84819
- Contained Unit
- koz
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 707
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the indicated silver sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Sensitivity row shows stronger silver grade at higher cut-off
- Contained silver remains very large
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · goldTonnes: 6450000Grade: 3.32Grade Unit: g/tContained Metal: 689Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0fcb5930ccfbf0f3b125
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6450000
- Grade
- 3.32
- Grade Unit
- g/t
- Contained Metal
- 689
- Contained Unit
- koz
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 8.77
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the indicated gold sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Sensitivity row shows stronger gold grade at higher cut-off
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · leadTonnes: 6450000Grade: 0.33Grade Unit: %Contained Metal: 21.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0fcb5930ccfbf0f3b125
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6450000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 21.2
- Contained Unit
- kt
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 1.01
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the lead sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Lead grade is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
indicatedPanuco · zincTonnes: 6450000Grade: 1.01Grade Unit: %Contained Metal: 65.3Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0fcb5930ccfbf0f3b125
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 6450000
- Grade
- 1.01
- Grade Unit
- %
- Contained Metal
- 65.3
- Contained Unit
- kt
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 8.77
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the zinc sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Zinc grade is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · silverTonnes: 4980000Grade: 336Grade Unit: g/tContained Metal: 53734Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:36afa23b1389f63ebfb9
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4980000
- Grade
- 336
- Grade Unit
- g/t
- Contained Metal
- 53734
- Contained Unit
- koz
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 615
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the inferred silver sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Sensitivity row includes inferred silver at 300 g/t cut-off
- Contained metal remains substantial
Negative factors
- Inferred category
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · goldTonnes: 4980000Grade: 2.94Grade Unit: g/tContained Metal: 471Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:36afa23b1389f63ebfb9
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4980000
- Grade
- 2.94
- Grade Unit
- g/t
- Contained Metal
- 471
- Contained Unit
- koz
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 7.43
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the inferred gold sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Sensitivity row includes inferred gold at 300 g/t cut-off
Negative factors
- Inferred category
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · leadTonnes: 4980000Grade: 0.39Grade Unit: %Contained Metal: 19.5Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:36afa23b1389f63ebfb9
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4980000
- Grade
- 0.39
- Grade Unit
- %
- Contained Metal
- 19.5
- Contained Unit
- kt
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 1.25
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the lead sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Lead sensitivity row is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · zincTonnes: 4980000Grade: 1.25Grade Unit: %Contained Metal: 62.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:36afa23b1389f63ebfb9
- Deposit or zone
- Copala
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 4980000
- Grade
- 1.25
- Grade Unit
- %
- Contained Metal
- 62.4
- Contained Unit
- kt
- Cutoff Grade
- 300
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 7.43
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This captures the zinc sensitivity row at 300 g/t AgEq cut-off.
Positive factors
- Zinc sensitivity row is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · silverTonnes: 400000Grade: 169Grade Unit: g/tContained Metal: 2101Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:39ee7dea67b367b72845
- Deposit or zone
- Animas
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 169
- Grade Unit
- g/t
- Contained Metal
- 2101
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 327
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the inferred silver row for Animas.
Positive factors
- Animas is separately listed in the inferred resource
- Contains meaningful silver ounces
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · goldTonnes: 400000Grade: 1.68Grade Unit: g/tContained Metal: 21Contained Unit: kozView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:39ee7dea67b367b72845
- Deposit or zone
- Animas
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 1.68
- Grade Unit
- g/t
- Contained Metal
- 21
- Contained Unit
- koz
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.37
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the inferred gold row for Animas.
Positive factors
- Animas gold grade is explicitly stated
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · leadTonnes: 400000Grade: 0.29Grade Unit: %Contained Metal: 1.1Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- lead
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:39ee7dea67b367b72845
- Deposit or zone
- Animas
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 0.29
- Grade Unit
- %
- Contained Metal
- 1.1
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 0.6
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the inferred lead row for Animas.
Positive factors
- Lead grade is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
inferredPanuco · zincTonnes: 400000Grade: 0.6Grade Unit: %Contained Metal: 2.3Contained Unit: ktView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- zinc
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Resource scope
- Estimate type
- resource
- Effective date
- 2024-09-09T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:39ee7dea67b367b72845
- Deposit or zone
- Animas
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 0.6
- Grade Unit
- %
- Contained Metal
- 2.3
- Contained Unit
- kt
- Cutoff Grade
- 150
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2024-09-09
Metal Equivalent
- Metal Eq. Grade
- 4.37
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ActLabs
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Reasoning: This is the inferred zinc row for Animas.
Positive factors
- Zinc grade is explicitly stated
Negative factors
- Byproduct metal
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
DFS Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
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 2.2 years before this release
Metallurgical Results (22)
flotationPanuco · silverRecovery: 93 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- 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
Recovery
- Recovery
- 93 %
- Recovery Basis
- actual_test
- 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: This is the historical Napoleon flotation recovery result restated in the MD&A.
Positive factors
- Preliminary metallurgical test work completed
- Flotation results and mass pull are disclosed
- Third-party laboratory and consulting company are named
Negative factors
- Results were announced on February 17, 2023 and are restated here
- This is historical testwork rather than new metallurgical data
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 · goldRecovery: 90 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- 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
Recovery
- Recovery
- 90 %
- Recovery Basis
- actual_test
- 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: This is the historical Napoleon gold flotation recovery result restated in the MD&A.
Positive factors
- Preliminary metallurgical test work completed
- Flotation results are disclosed
Negative factors
- Restated historical result
- No new metallurgy in this release
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 · leadRecovery: 94 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- 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
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
- 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: This is the historical Napoleon lead flotation result restated in the MD&A.
Positive factors
- Lead recovery is disclosed from flotation testwork
Negative factors
- 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 · zincRecovery: 94 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- 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
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
- 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: This is the historical Napoleon zinc flotation result restated in the MD&A.
Positive factors
- Zinc recovery is disclosed from flotation testwork
Negative factors
- 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 · silverRecovery: 76.3 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Copala ore body
Recovery
- Recovery
- 76.3 %
- Recovery Basis
- actual_test
- Mass Pull
- 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
- 2023-08-16T00:00:00.000Z
Reasoning: This is the Copala flotation-concentrate silver recovery restated from the August 16, 2023 news release.
Positive factors
- Historical testwork result is explicitly restated
- Mass pull and recovery are both stated
Negative factors
- Historical restatement
- No new metallurgy
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 · goldRecovery: 74.9 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Copala ore body
Recovery
- Recovery
- 74.9 %
- Recovery Basis
- actual_test
- Mass Pull
- 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
- 2023-08-16T00:00:00.000Z
Reasoning: This is the Copala flotation-concentrate gold recovery restated from the August 16, 2023 news release.
Positive factors
- Historical testwork result is explicitly restated
Negative factors
- 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: 74.9% is below the weak band (80%)
flotationPanuco · silverRecovery: 90.6 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Copala ore body
Recovery
- Recovery
- 90.6 %
- Recovery Basis
- actual_test
- Mass Pull
- 100 %
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
- 2023-08-16T00:00:00.000Z
Reasoning: This is the total silver recovery for the Copala flotation-plus-cyanide-leach route restated in the MD&A.
Positive factors
- Total flotation-plus-leach recovery is explicitly stated
Negative factors
- 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
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%)
flotationPanuco · goldRecovery: 93.7 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- bulk sulfide flotation
- Sample
- Copala ore body
Recovery
- Recovery
- 93.7 %
- Recovery Basis
- actual_test
- Mass Pull
- 100 %
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
- 2023-08-16T00:00:00.000Z
Reasoning: This is the total gold recovery for the Copala flotation-plus-cyanide-leach route restated in the MD&A.
Positive factors
- Total flotation-plus-leach recovery is explicitly stated
Negative factors
- 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
cyanidationPanuco · silverRecovery: 90.3 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- cyanidation of flotation concentrate and tails
- Sample
- Diorite MC
Recovery
- Recovery
- 90.3 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1 kg/t
- Lime
- 1 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the diorite composite silver extraction result from the previously reported Tajitos metallurgical program.
Positive factors
- Combined cyanidation extraction is disclosed
Negative factors
- Historical testwork 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
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 · goldRecovery: 89.7 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- cyanidation of flotation concentrate and tails
- Sample
- Diorite MC
Recovery
- Recovery
- 89.7 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1 kg/t
- Lime
- 1 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the diorite composite gold extraction result from the previously reported Tajitos metallurgical program.
Positive factors
- Combined cyanidation extraction is disclosed
Negative factors
- Historical testwork 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
cyanidationPanuco · silverRecovery: 87.3 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- salable concentrate / cyanidation on tails
- Sample
- Diorite MC
Recovery
- Recovery
- 87.3 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.5 kg/t
- Lime
- 0.8 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the diorite composite silver result for the salable concentrate / cyanidation on tails route.
Positive factors
- Combined float/CN extraction is disclosed
Negative factors
- Historical testwork restatement
- Asterisked estimated values
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 · goldRecovery: 89.4 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- salable concentrate / cyanidation on tails
- Sample
- Diorite MC
Recovery
- Recovery
- 89.4 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.5 kg/t
- Lime
- 0.8 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the diorite composite gold result for the salable concentrate / cyanidation on tails route.
Positive factors
- Combined float/CN extraction is disclosed
Negative factors
- Historical testwork restatement
- Asterisked estimated values
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 · silverRecovery: 94.2 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- cyanidation of flotation concentrate on tails
- Sample
- Andesite MC
Recovery
- Recovery
- 94.2 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1 kg/t
- Lime
- 1.4 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the andesite composite silver result from the previously reported Tajitos program.
Positive factors
- High silver extraction is stated
Negative factors
- 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
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 · goldRecovery: 87.3 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- cyanidation of flotation concentrate on tails
- Sample
- Andesite MC
Recovery
- Recovery
- 87.3 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1 kg/t
- Lime
- 1.4 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the andesite composite gold result from the previously reported Tajitos program.
Positive factors
- Gold extraction is stated
Negative factors
- 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
cyanidationPanuco · silverRecovery: 94.1 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- salable concentrate / cyanidation on tails
- Sample
- Andesite MC
Recovery
- Recovery
- 94.1 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.5 kg/t
- Lime
- 0.8 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the andesite composite silver result for the salable concentrate / cyanidation on tails route.
Positive factors
- Combined float/CN extraction is disclosed
Negative factors
- Historical restatement
- Asterisked estimated values
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 · goldRecovery: 89.8 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- salable concentrate / cyanidation on tails
- Sample
- Andesite MC
Recovery
- Recovery
- 89.8 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.5 kg/t
- Lime
- 0.8 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the andesite composite gold result for the salable concentrate / cyanidation on tails route.
Positive factors
- Combined float/CN extraction is disclosed
Negative factors
- Historical restatement
- Asterisked estimated values
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 · silverRecovery: 90.1 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- cyanidation of flotation concentrate and tails
- Sample
- Andesite Low MnOX MC
Recovery
- Recovery
- 90.1 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.9 kg/t
- Lime
- 0.8 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the Andesite Low MnOX composite silver result from the previously reported Tajitos program.
Positive factors
- Silver extraction is disclosed
Negative factors
- 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
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 90.1% is at or above the exceptional band (90%)
cyanidationPanuco · goldRecovery: 80.8 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- VZLA
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- cyanidation of flotation concentrate and tails
- Sample
- Andesite Low MnOX MC
Recovery
- Recovery
- 80.8 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 0.9 kg/t
- Lime
- 0.8 kg/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-10T00:00:00.000Z
Reasoning: This is the Andesite Low MnOX composite gold result from the previously reported Tajitos program.
Positive factors
- Gold extraction is disclosed
Negative factors
- 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
gravityPanuco · silverRecovery: 40 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- 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
Recovery
- Recovery
- 40 %
- Recovery Basis
- actual_test
- 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: This is the Napoleon gravity concentrate silver recovery restated from the historical metallurgical summary.
Positive factors
- Gravity concentrate result is disclosed
Negative factors
- 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 · goldRecovery: 29 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- 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
Recovery
- Recovery
- 29 %
- Recovery Basis
- actual_test
- 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: This is the Napoleon gravity concentrate gold recovery restated from the historical metallurgical summary.
Positive factors
- Gravity concentrate result is disclosed
Negative factors
- 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 · silverRecovery: 26 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- 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
Recovery
- Recovery
- 26 %
- Recovery Basis
- actual_test
- 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: This is the Napoleon tabling Knelson silver recovery restated in the MD&A.
Positive factors
- Tabled Knelson concentrate result is disclosed
Negative factors
- 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: 26% is below the weak band (75%)
gravityPanuco · goldRecovery: 12 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Panuco
- 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
Recovery
- Recovery
- 12 %
- Recovery Basis
- actual_test
- 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: This is the Napoleon tabling Knelson gold recovery restated in the MD&A.
Positive factors
- Tabled Knelson concentrate result is disclosed
Negative factors
- 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%)
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.