# Zacatecas Silver Provides Corporate Update for 2026 and Highlights Upcoming Drill Program at Silver Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/zacatecas-silver-provides-corporate-update-for-2026-and-highlights-upcoming-dril--b5c2deb3-9470-47f0-99bf-6f11aab7e9c3 Original source: https://money.tmx.com/en/quote/ZAC/news/5500907716242542/zacatecas-silver-provides-corporate-update-for-2026-and-highlights-upcoming-dril Publisher: tmx Original announcement: 2026-01-08T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Zacatecas Silver Corp. - Ticker: ZAC - Exchange: TSX - Region: Mexico - Primary commodity: Silver - Secondary commodities: Gold - Document categories: Resource update, Other - Extracted: 2026-09-17 06:55:31 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Zacatecas Silver provided a corporate update highlighting its advanced Mexican portfolio, specifically the Zacatecas Silver Project and the Esperanza Gold Project. The company is preparing for a 4,000-metre drill program and noted a positive shift in Mexico's permitting environment for open-pit mines. Reasoning: Corporate update highlighting operational progress, upcoming drilling, and a favorable shift in the Mexican regulatory landscape for open-pit projects. - Positive factor: improving permitting environment in Mexico - Positive factor: upcoming 4,000m drill program at Zacatecas Silver Project - Positive factor: community access agreements secured - Positive factor: advanced-stage assets with defined resources - Negative factor: historical resource data \(2022/2023\) used for update Facts used in scoring: 6 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Zacatecas Silver Project is located 25 km from MAG Silver's Juanicipio Mine and Fresnillo PLC's Fresnillo Mine. Evidence · text > The Silver property is 25 kilometres \(km\) southeast of MAG Silver Corp.'s Juanicipio Mine and Fresnillo PLC's Fresnillo Mine. ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zacatecas-silver-provides-corporate-update-for-2026-and-highlights-upcoming-dril--b5c2deb3-9470-47f0-99bf-6f11aab7e9c3#fact-resource-facts-0) Zacatecas Silver Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Zacatecas Silver Project - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: ZAC #### Resource scope - Estimate type: resource - Resource group id: resource:5d7726afc1aa758ef4d2 #### Resource Data - Category: inferred - Tonnes: 3410000 - Grade: 173 - Grade Unit: g/t - Contained Metal: 19 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-30T00:00:00.000Z #### Dates - Event date: 2026-01-08T00:00:00.000Z Reasoning: Historical inferred resource restatement. Evidence · text > Inferred mineral resource of 20.5 million ounces of silver equivalent \(“AgEq”\) \(19.0 million ounces of silver \(“Ag”\) and 19.2 thousand ounces of gold \(“Au”\)\) from 3.41 million tonnes at 187 g/t Ag Eq \(173 g/t Ag and 0.18 g/t Au\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zacatecas-silver-provides-corporate-update-for-2026-and-highlights-upcoming-dril--b5c2deb3-9470-47f0-99bf-6f11aab7e9c3#fact-resource-facts-1) Zacatecas Silver Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Zacatecas Silver Project - Commodity: gold - Region: mexico - Reported Region: Mexico - Ticker: ZAC #### Resource scope - Estimate type: resource - Resource group id: resource:5d7726afc1aa758ef4d2 #### Resource Data - Category: inferred - Tonnes: 3410000 - Grade: 0.18 - Grade Unit: g/t - Contained Metal: 19.2 - Contained Unit: koz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-30T00:00:00.000Z #### Dates - Event date: 2026-01-08T00:00:00.000Z Reasoning: Historical inferred gold component of the silver resource. Evidence · text > 19.2 thousand ounces of gold \(“Au”\)\) from 3.41 million tonnes at 187 g/t Ag Eq \(173 g/t Ag and 0.18 g/t Au\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/zacatecas-silver-provides-corporate-update-for-2026-and-highlights-upcoming-dril--b5c2deb3-9470-47f0-99bf-6f11aab7e9c3#fact-resource-facts-2) Esperanza Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Esperanza Gold Project - Commodity: gold - Region: mexico - Reported Region: Mexico - Ticker: ZAC #### Resource scope - Estimate type: resource - Resource group id: resource:3584687edfd0d3d82263 #### Resource Data - Category: indicated - Tonnes: 30500000 - Grade: 0.93 - Grade Unit: g/t - Contained Metal: 913000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-11-16T00:00:00.000Z #### Dates - Event date: 2026-01-08T00:00:00.000Z Reasoning: Historical indicated gold component of the Esperanza resource. Evidence · text > Measured and indicated mineral resource of 30.5 million tonnes at 0.97 g/t gold equivalent \(“AuEq”\) \(0.93 g/t Au and 8.7 g/t Ag\) for 956,000 ounces AuEq \(913,000 ounces Au and 8.51 million ounces Ag\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/zacatecas-silver-provides-corporate-update-for-2026-and-highlights-upcoming-dril--b5c2deb3-9470-47f0-99bf-6f11aab7e9c3#fact-resource-facts-3) Esperanza Gold Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Esperanza Gold Project - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: ZAC #### Resource scope - Estimate type: resource - Resource group id: resource:3584687edfd0d3d82263 #### Resource Data - Category: indicated - Tonnes: 30500000 - Grade: 8.7 - Grade Unit: g/t - Contained Metal: 8.51 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-11-16T00:00:00.000Z #### Dates - Event date: 2026-01-08T00:00:00.000Z Reasoning: Historical indicated silver component of the Esperanza resource. Evidence · text > Measured and indicated mineral resource of 30.5 million tonnes at 0.97 g/t gold equivalent \(“AuEq”\) \(0.93 g/t Au and 8.7 g/t Ag\) for 956,000 ounces AuEq \(913,000 ounces Au and 8.51 million ounces Ag\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zacatecas-silver-provides-corporate-update-for-2026-and-highlights-upcoming-dril--b5c2deb3-9470-47f0-99bf-6f11aab7e9c3#fact-resource-facts-4) Esperanza Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Esperanza Gold Project - Commodity: gold - Region: mexico - Reported Region: Mexico - Ticker: ZAC #### Resource scope - Estimate type: resource - Resource group id: resource:09f777f50a7dc55a5187 #### Resource Data - Category: inferred - Tonnes: 8700000 - Grade: 0.91 - Grade Unit: g/t - Contained Metal: 256000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-11-16T00:00:00.000Z #### Dates - Event date: 2026-01-08T00:00:00.000Z Reasoning: Historical inferred gold component of the Esperanza resource. Evidence · text > Inferred mineral resource of 8.7 million tonnes at 0.98 g/t AuEq \(0.91 g/t Au and 14.5 g/t Ag\) for 277,000 ounces AuEq \(256,000 ounces Au and 4.1 million ounces Ag\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zacatecas-silver-provides-corporate-update-for-2026-and-highlights-upcoming-dril--b5c2deb3-9470-47f0-99bf-6f11aab7e9c3#fact-resource-facts-5) Esperanza Gold Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Esperanza Gold Project - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: ZAC #### Resource scope - Estimate type: resource - Resource group id: resource:09f777f50a7dc55a5187 #### Resource Data - Category: inferred - Tonnes: 8700000 - Grade: 14.5 - Grade Unit: g/t - Contained Metal: 4.1 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-11-16T00:00:00.000Z #### Dates - Event date: 2026-01-08T00:00:00.000Z Reasoning: Historical inferred silver component of the Esperanza resource. Evidence · text > Inferred mineral resource of 8.7 million tonnes at 0.98 g/t AuEq \(0.91 g/t Au and 14.5 g/t Ag\) for 277,000 ounces AuEq \(256,000 ounces Au and 4.1 million ounces Ag\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ## 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.