# Algo Grande Provides Phase II Drill Update; Commences Hole 3 with Second Drill Rig at Cerro Grande Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri--a9228500-ea63-4673-ac86-4a118f57d2ff Original source: https://money.tmx.com/en/quote/ALGR/news/4787084101303523/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri Publisher: tmx Original announcement: 2026-07-31T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Algo Grande Copper Corp. - Ticker: ALGR - Exchange: TSX - Region: Sonora, Mexico - Primary commodity: Copper - Secondary commodities: Silver, Gold - Document categories: Drill results, Other - Extracted: 2026-08-20 22:26:04 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Algo Grande has commenced drilling Hole 3 at the Cerro Grande skarn target using a second mobilized drill rig. The company also provided an update on Hole 2, which is currently advancing toward its planned depth, and restated significant historical intercepts from Hole AG\_GC\_002. Reasoning: The release provides a progress update on Phase II drilling and restates historical Phase I results to provide context for the new hole. While no new grades are reported, the mobilization of a second rig and commencement of Hole 3 indicates active exploration expansion. - Positive factor: expansion of drilling program - Positive factor: mobilization of second rig - Positive factor: testing of new horizons - Negative factor: no new assay results in this release - Negative factor: historical data restatement Facts used in scoring: 3 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Hole 3 is designed to test the along-strike extension of three additional horizons discovered during Phase I. Evidence · text > test the along-strike extension of three additional horizons discovered during the Company's Phase I drill program **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions samples being submitted to ALS Laboratories for analysis. Evidence · text > samples submitted to ALS Laboratories for analysis ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### AG\_GC\_002 [Link to this fact](https://atlas-staging.minestarters.com/news/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri--a9228500-ea63-4673-ac86-4a118f57d2ff#fact-drill-facts-0) Cerro Grande · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: AG\_GC\_002 - Project: Cerro Grande - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: ALGR #### Geometry - Grade: 36 - Grade Unit: % #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-05T00:00:00.000Z #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Restated high-grade copper intercept from February 2026 release. - Positive factor: high grade - Negative factor: stale data Evidence · text > reported drill hole AG\_GC\_002 had intersected... 36.00 Metres Above 1.0% Copper ### AG\_GC\_002 [Link to this fact](https://atlas-staging.minestarters.com/news/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri--a9228500-ea63-4673-ac86-4a118f57d2ff#fact-drill-facts-1) Cerro Grande · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: AG\_GC\_002 - Project: Cerro Grande - Commodity: copper - Region: mexico - Reported Region: Sonora, Mexico - Ticker: ALGR #### Geometry - Grade: 1.4 - Grade Unit: % - Intercept: 14.79 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-05T00:00:00.000Z #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Restated sub-interval from February 2026 release. - Positive factor: strong grade - Negative factor: stale data Evidence · text > Including 14.79 Metres of 1.4% Copper ### AG\_CG\_PH2\_003 [Link to this fact](https://atlas-staging.minestarters.com/news/algo-grande-provides-phase-ii-drill-update-commences-hole-3-with-second-drill-ri--a9228500-ea63-4673-ac86-4a118f57d2ff#fact-drill-facts-2) Cerro Grande #### Identity - Hole ID: AG\_CG\_PH2\_003 - Project: Cerro Grande - Region: mexico - Reported Region: Sonora, Mexico - Ticker: ALGR #### Geometry - Intercept: 450 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 738994 - Northing: 2961792 - CRS: WGS84, UTM Zone 12N - Elevation: 490 m - Azimuth: 250 ° - Dip: -55 ° - Loc. Confidence: high #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-31T00:00:00.000Z Reasoning: Commencement of a new drill hole; no assay results yet. Evidence · text > Hole AG\_CG\_PH2\_003 \("Hole 3"\) has commenced drilling ## 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.