ANGEL WING METALS PROVIDES EXPLORATION UPDATE - LA REYNA PROJECT -MEXICO

Original announcement by tmx on

Company
Angel Wing Metals Inc.
Ticker
AWM
Exchange
TSX
Region
Nayarit State, Mexico
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Drill results, Other
Extracted
2026-08-21 09:22:30 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Angel Wing Metals provided an exploration update for the La Reyna Gold Project in Mexico, highlighting high-grade gold and silver outcrop samples. The company has secured permits for drilling and intends to commence a 2,500m diamond drill program in Q4 2024.

Reasoning: The update provides encouraging surface outcrop and grab sample grades and announces an upcoming drill program, though it lacks new drill intercepts.

Positive factors

  • High-grade outcrop samples
  • QA/QC disclosed
  • Permits received

Negative factors

  • Results are surface/outcrop only
  • Historical results restated

Facts used in scoring: 5

Classification and evidence

QA/QC Disclosedpositive

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

Why it applies: Release mentions SGS lab, ISO/IEC 17025 certification, and use of blanks, standards, and duplicates.

Evidence · text

“Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted”

QP/CP Signedpositive · Story-specific tag

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: Marc Prefontaine, M.Sc. P.Geo., is named as the Qualified Person.

Evidence · text

“Marc Prefontaine, M.Sc. P.Geo., President and CEO, is a qualified person”

Extracted facts

Stored fact records: 5. Some facts used in scoring do not have a stored record.

Drill Results (5)

Fact 1La Reyna Gold Project · goldGrade: 27.12Grade Unit: g/t AuIntercept: 0.45 mView all details
Link to this fact

Identity

Project
La Reyna Gold Project
Commodity
gold
Region
mexico
Reported Region
Nayarit State, Mexico
Ticker
AWM

Geometry

Grade
27.12
Grade Unit
g/t Au
Intercept
0.45 m

Classification

Sample Type
channel
Mining Method
unknown

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-10-01T00:00:00.000Z

Reasoning: High-grade 27.12 g/t Au channel sample from outcrop.

Positive factors

  • High grade

Negative factors

  • Surface sample only

Evidence · text

“27.12 g/t Au and 90.0 g/t Ag over a 0.45 metre channel”
Fact 2La Reyna Gold Project · silverGrade: 90Grade Unit: g/t AgIntercept: 0.45 mView all details
Link to this fact

Identity

Project
La Reyna Gold Project
Commodity
silver
Region
mexico
Reported Region
Nayarit State, Mexico
Ticker
AWM

Geometry

Grade
90
Grade Unit
g/t Ag
Intercept
0.45 m

Classification

Sample Type
channel
Mining Method
unknown

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-10-01T00:00:00.000Z

Reasoning: Silver byproduct in high-grade gold channel.

Negative factors

  • Surface sample only

Evidence · text

“27.12 g/t Au and 90.0 g/t Ag over a 0.45 metre channel”
Fact 3La Reyna Gold Project · goldGrade: 2.42Grade Unit: g/t AuView all details
Link to this fact

Identity

Project
La Reyna Gold Project
Commodity
gold
Region
mexico
Reported Region
Nayarit State, Mexico
Ticker
AWM

Geometry

Grade
2.42
Grade Unit
g/t Au

Classification

Sample Type
surface
Mining Method
unknown

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-10-01T00:00:00.000Z

Reasoning: Grab sample with gold and silver.

Negative factors

  • Grab sample

Evidence · text

“grab sample with 2.42 g/t Au and 399 g/t Ag”
Fact 4La Reyna Gold Project · silverGrade: 399Grade Unit: g/t AgView all details
Link to this fact

Identity

Project
La Reyna Gold Project
Commodity
silver
Region
mexico
Reported Region
Nayarit State, Mexico
Ticker
AWM

Geometry

Grade
399
Grade Unit
g/t Ag

Classification

Sample Type
surface
Mining Method
unknown

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-10-01T00:00:00.000Z

Reasoning: Silver byproduct in grab sample.

Negative factors

  • Grab sample

Evidence · text

“grab sample with 2.42 g/t Au and 399 g/t Ag”
Fact 5La Reyna Gold Project · goldGrade: 5.03Grade Unit: g/t AuIntercept: 21 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
La Reyna Gold Project
Commodity
gold
Region
mexico
Reported Region
Nayarit State, Mexico
Ticker
AWM

Geometry

Grade
5.03
Grade Unit
g/t Au
Intercept
21 m

Classification

Sample Type
channel
Mining Method
unknown

QA/QC

Laboratory
SGS
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2006-04-01T00:00:00.000Z

Dates

Event date
2024-10-01T00:00:00.000Z

Reasoning: Historic trench result being restated for drill targeting.

Positive factors

  • Strong grade and width

Negative factors

  • Historical data

Evidence · text

“historic trench results from this area include 5.03 g/t Au gold over 21.0 metres”

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.