# Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong Grades Directly From Surface 750 Metres Beyond Resource

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84

Original source: https://www.accessnewswire.com/newsroom/en/metals-and-mining/axo-metals-drilling-intercepts-18.0-metres-of-8.15-g%2ft-au-at-san-antonio-project-1220335

Publisher: accesswire

Original announcement: 2026-09-14T11:31:44.019Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Axo Metals Corp.

- Ticker: AXO

- Exchange: Unavailable

- Region: Sonora, Mexico

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results

- Extracted: 2026-09-14 11:40:04 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Axo Metals Corp. announced strong gold drill results from its San Antonio project in Sonora, Mexico, including a significant step-out discovery at the Luz del Cobre target, 750 meters beyond the existing resource. Highlights include 18.0 meters at 8.15 g/t Au from Sapuchi and 46.5 meters at 1.43 g/t Au from surface at Luz del Cobre. The company is pursuing both resource conversion within the Sapuchi deposit and exploration for new mineralization, with all drill results passing QA/QC protocols.

Reasoning: The announcement reports strong gold drill results, including a significant step-out discovery at the Luz del Cobre target, which materially expands the known mineralized footprint. High-grade and wide intercepts from shallow depths are positive for potential open-pit development. While the lack of true width for vertical holes is a drawback, the overall results are highly encouraging for resource expansion and project economics.

- Positive factor: Significant step-out drilling success at Luz del Cobre, extending mineralization 750m beyond the existing resource boundary, indicating potential for resource growth.

- Positive factor: High-grade gold intercepts, including 18.0m at 8.15 g/t Au, demonstrate strong mineralization within the Sapuchi deposit.

- Positive factor: Multiple wide intercepts of moderate to strong gold grades, often from surface or shallow depths, support the potential for open-pit mining, particularly for a starter pit at Sapuchi.

- Positive factor: QA/QC procedures are disclosed, and a Qualified Person has reviewed and approved the technical information, enhancing data credibility.

- Negative factor: All reported drill holes are vertical with no true width stated, which may overstate the actual thickness of mineralization.

- Negative factor: Trenching results, while encouraging, are preliminary and not yet verified by an independent, certified commercial laboratory.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 68

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The document highlights 'First Step Out Drilling Reports Strong Grades Directly From Surface 750 Metres Beyond Resource' and 'All drilling in the Luz del Cobre area and the gap zone between Luz del Cobre and Sapuchi is outside current resources and provides resource upside.'

Evidence · text

> First Step Out Drilling Reports Strong Grades Directly From Surface 750 Metres Beyond Resource

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Hole SOSAP-26-039 returned 18.0 metres of 8.15 g/t Au, which is an exceptional grade \(&gt;=5 g/t Au\) over a significant width.

Evidence · text

> Hole SOSAP-26-039 which assayed 8.15g/t Au over 18.0 metres from only 18 metres down the hole at Sapuchi.

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The goal of the Sapuchi drill program is to target opportunities to convert areas within the block model that were previously considered as waste, in addition to upgrading resource confidence.

Evidence · text

> The goal of the Sapuchi drill program is to target opportunities to convert areas within the block model that were previously considered as waste, in addition to upgrading resource confidence.

**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 states 'All results stated in this announcement have passed Axo's QA/QC protocols' and details the procedures including certified reference materials, blanks, and duplicates.

Evidence · text

> All results stated in this announcement have passed Axo's QA/QC protocols.

**QP/CP Signed**

Polarity: positive

Story-specific tag

Definition: 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: Charles Spath, P. Geo., is the Qualified Person for Axo Metals Corp., as defined under National Instrument 43-101, and has reviewed and approved the scientific and technical information.

Evidence · text

> Charles Spath, P. Geo., is the Qualified Person for Axo Metals Corp., as defined under National Instrument 43-101, and is non-independent. Mr. Spath has reviewed and approved the scientific and technical information in this press release.

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: All drill holes are reported with a dip of -90 degrees \(vertical\) and no true width is stated, meaning the reported lengths are downhole widths and may not represent true thickness.

Evidence · table

> -90

Context: SOSAP-26-022

## Extracted facts

Stored fact records: 68. Some facts used in scoring do not have a stored record.

## Drill Results (68)

### SOSAP-26-022

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-0)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-022
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.56
- Grade Unit: g/t
- Intercept: 6 m
- From: 61.5 m
- To: 67.5 m
- Hole Depth: 200 m
- Intercept Depth: 61.5 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-022:61.5-67.5

#### Location

- Location: Sapuchi
- Easting: 632060.8
- Northing: 3167956.5
- Elevation: 697.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a narrow width, contributing marginally to the overall resource understanding.

- Negative factor: Grade is weak according to the gold rubric \(0.56 g/t Au\).

Evidence · table

> 0.56

Context: 6.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-022

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-1)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-022
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.85
- Grade Unit: g/t
- Intercept: 51 m
- From: 145.5 m
- To: 196.5 m
- Hole Depth: 200 m
- Intercept Depth: 145.5 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-022:145.5-196.5

#### Location

- Location: Sapuchi
- Easting: 632060.8
- Northing: 3167956.5
- Elevation: 697.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows good continuity over a significant width \(51.0 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.85 g/t Au\).

Evidence · table

> 0.85

Context: 51.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-022

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-2)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-022
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 3.1
- Grade Unit: g/t
- Intercept: 6.63 m
- From: 164 m
- To: 170.63 m
- Hole Depth: 200 m
- Intercept Depth: 164 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-022:164-170.63

#### Location

- Location: Sapuchi
- Easting: 632060.8
- Northing: 3167956.5
- Elevation: 697.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization within a broader zone, indicating higher-grade pockets.

- Positive factor: Grade is strong according to the gold rubric \(3.10 g/t Au\).

Evidence · table

> 3.10

Context: 6.63

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-024

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-3)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-024
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.24
- Grade Unit: g/t
- Intercept: 69.62 m
- From: 102.38 m
- To: 172 m
- Hole Depth: 200 m
- Intercept Depth: 102.38 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-024:102.38-172

#### Location

- Location: Sapuchi
- Easting: 632013.4
- Northing: 3167965.9
- Elevation: 693.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates moderate gold mineralization over a substantial width, contributing positively to the resource definition.

- Positive factor: Intercept shows strong continuity over a significant width \(69.62 m\).

- Positive factor: Grade is moderate according to the gold rubric \(1.24 g/t Au\).

Evidence · table

> 1.24

Context: 69.62

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-024

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-4)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-024
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.17
- Grade Unit: g/t
- Intercept: 11.42 m
- From: 118.72 m
- To: 130.14 m
- Hole Depth: 200 m
- Intercept Depth: 118.72 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-024:118.72-130.14

#### Location

- Location: Sapuchi
- Easting: 632013.4
- Northing: 3167965.9
- Elevation: 693.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization, enhancing the overall prospectivity of the broader intercept.

- Positive factor: Grade is strong according to the gold rubric \(2.17 g/t Au\).

Evidence · table

> 2.17

Context: 11.42

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-024

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-5)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-024
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.55
- Grade Unit: g/t
- Intercept: 7 m
- From: 138 m
- To: 145 m
- Hole Depth: 200 m
- Intercept Depth: 138 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-024:138-145

#### Location

- Location: Sapuchi
- Easting: 632013.4
- Northing: 3167965.9
- Elevation: 693.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization, further enhancing the overall prospectivity of the broader intercept.

- Positive factor: Grade is strong according to the gold rubric \(2.55 g/t Au\).

Evidence · table

> 2.55

Context: 7.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-024

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-6)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-024
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.75
- Grade Unit: g/t
- Intercept: 4.8 m
- From: 161.7 m
- To: 166.5 m
- Hole Depth: 200 m
- Intercept Depth: 161.7 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-024:161.7-166.5

#### Location

- Location: Sapuchi
- Easting: 632013.4
- Northing: 3167965.9
- Elevation: 693.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is strong according to the gold rubric \(2.75 g/t Au\).

Evidence · table

> 2.75

Context: 4.80

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-025

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-7)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-025
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.87
- Grade Unit: g/t
- Intercept: 75 m
- From: 0 m
- To: 75 m
- Hole Depth: 174 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-025:0-75

#### Location

- Location: Sapuchi
- Easting: 631839.4
- Northing: 3167921.8
- Elevation: 679.3 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This wide intercept from surface, though of weak grade, is positive for potential bulk tonnage open-pit scenarios and resource definition.

- Positive factor: Intercept shows continuous mineralization from surface over a very significant width \(75.0 m\).

- Positive factor: Grade is weak but consistent over a large interval \(0.87 g/t Au\).

Evidence · table

> 0.87

Context: 75.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-025

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-8)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-025
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.34
- Grade Unit: g/t
- Intercept: 7.1 m
- From: 31.3 m
- To: 38.4 m
- Hole Depth: 174 m
- Intercept Depth: 31.3 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-025:31.3-38.4

#### Location

- Location: Sapuchi
- Easting: 631839.4
- Northing: 3167921.8
- Elevation: 679.3 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization within a broader zone, indicating higher-grade pockets near surface.

- Positive factor: Grade is strong according to the gold rubric \(2.34 g/t Au\).

Evidence · table

> 2.34

Context: 7.10

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-025

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-9)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-025
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.74
- Grade Unit: g/t
- Intercept: 6.6 m
- From: 57.15 m
- To: 63.75 m
- Hole Depth: 174 m
- Intercept Depth: 57.15 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-025:57.15-63.75

#### Location

- Location: Sapuchi
- Easting: 631839.4
- Northing: 3167921.8
- Elevation: 679.3 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.74 g/t Au\).

Evidence · table

> 1.74

Context: 6.60

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-025

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-10)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-025
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.59
- Grade Unit: g/t
- Intercept: 20.4 m
- From: 97.8 m
- To: 118.2 m
- Hole Depth: 174 m
- Intercept Depth: 97.8 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-025:97.8-118.2

#### Location

- Location: Sapuchi
- Easting: 631839.4
- Northing: 3167921.8
- Elevation: 679.3 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows strong continuity over a significant width \(20.4 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.59 g/t Au\).

Evidence · table

> 0.59

Context: 20.40

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-027

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-11)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-027
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.16
- Grade Unit: g/t
- Intercept: 47.1 m
- From: 13.1 m
- To: 60.2 m
- Hole Depth: 215 m
- Intercept Depth: 13.1 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-027:13.1-60.2

#### Location

- Location: Sapuchi
- Easting: 631744.5
- Northing: 3167877.8
- Elevation: 702.9 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This wide intercept of moderate gold grade from shallow depth is a positive result for resource definition and potential open-pit mining.

- Positive factor: Intercept shows strong continuity over a significant width \(47.1 m\) from shallow depth.

- Positive factor: Grade is moderate according to the gold rubric \(1.16 g/t Au\).

Evidence · table

> 1.16

Context: 47.10

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-027

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-12)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-027
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 3.01
- Grade Unit: g/t
- Intercept: 9.45 m
- From: 13.9 m
- To: 23.35 m
- Hole Depth: 215 m
- Intercept Depth: 13.9 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-027:13.9-23.35

#### Location

- Location: Sapuchi
- Easting: 631744.5
- Northing: 3167877.8
- Elevation: 702.9 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization near surface, enhancing the overall prospectivity of the broader intercept.

- Positive factor: Grade is strong according to the gold rubric \(3.01 g/t Au\).

Evidence · table

> 3.01

Context: 9.45

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-027

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-13)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-027
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.03
- Grade Unit: g/t
- Intercept: 7.4 m
- From: 35.6 m
- To: 43 m
- Hole Depth: 215 m
- Intercept Depth: 35.6 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-027:35.6-43

#### Location

- Location: Sapuchi
- Easting: 631744.5
- Northing: 3167877.8
- Elevation: 702.9 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.03 g/t Au\).

Evidence · table

> 1.03

Context: 7.40

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-027

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-14)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-027
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.78
- Grade Unit: g/t
- Intercept: 2.25 m
- From: 57.95 m
- To: 60.2 m
- Hole Depth: 215 m
- Intercept Depth: 57.95 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-027:57.95-60.2

#### Location

- Location: Sapuchi
- Easting: 631744.5
- Northing: 3167877.8
- Elevation: 702.9 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is strong according to the gold rubric \(2.78 g/t Au\).

Evidence · table

> 2.78

Context: 2.25

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-027

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-15)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-027
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.62
- Grade Unit: g/t
- Intercept: 4.95 m
- From: 72.6 m
- To: 77.55 m
- Hole Depth: 215 m
- Intercept Depth: 72.6 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-027:72.6-77.55

#### Location

- Location: Sapuchi
- Easting: 631744.5
- Northing: 3167877.8
- Elevation: 702.9 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is strong according to the gold rubric \(2.62 g/t Au\).

Evidence · table

> 2.62

Context: 4.95

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-028

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-16)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-028
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.2
- Grade Unit: g/t
- Intercept: 49.67 m
- From: 78.83 m
- To: 128.5 m
- Hole Depth: 190 m
- Intercept Depth: 78.83 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-028:78.83-128.5

#### Location

- Location: Sapuchi
- Easting: 631976
- Northing: 3167967.6
- Elevation: 689 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This wide intercept of moderate gold grade is a positive result for resource definition and potential open-pit mining.

- Positive factor: Intercept shows strong continuity over a significant width \(49.67 m\).

- Positive factor: Grade is moderate according to the gold rubric \(1.20 g/t Au\).

Evidence · table

> 1.20

Context: 49.67

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-028

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-17)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-028
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.91
- Grade Unit: g/t
- Intercept: 18.11 m
- From: 97.24 m
- To: 115.35 m
- Hole Depth: 190 m
- Intercept Depth: 97.24 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-028:97.24-115.35

#### Location

- Location: Sapuchi
- Easting: 631976
- Northing: 3167967.6
- Elevation: 689 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization over a good width, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.91 g/t Au\).

Evidence · table

> 1.91

Context: 18.11

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-029

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-18)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-029
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.71
- Grade Unit: g/t
- Intercept: 23.1 m
- From: 106.45 m
- To: 129.55 m
- Hole Depth: 150 m
- Intercept Depth: 106.45 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-029:106.45-129.55

#### Location

- Location: Sapuchi
- Easting: 632036.6
- Northing: 3167829.6
- Elevation: 637.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows strong continuity over a significant width \(23.1 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.71 g/t Au\).

Evidence · table

> 0.71

Context: 23.10

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-029

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-19)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-029
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.23
- Grade Unit: g/t
- Intercept: 4.9 m
- From: 107.25 m
- To: 112.15 m
- Hole Depth: 150 m
- Intercept Depth: 107.25 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-029:107.25-112.15

#### Location

- Location: Sapuchi
- Easting: 632036.6
- Northing: 3167829.6
- Elevation: 637.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.23 g/t Au\).

Evidence · table

> 1.23

Context: 4.90

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-029

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-20)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-029
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.21
- Grade Unit: g/t
- Intercept: 4 m
- From: 122.2 m
- To: 126.2 m
- Hole Depth: 150 m
- Intercept Depth: 122.2 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-029:122.2-126.2

#### Location

- Location: Sapuchi
- Easting: 632036.6
- Northing: 3167829.6
- Elevation: 637.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.21 g/t Au\).

Evidence · table

> 1.21

Context: 4.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-030

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-21)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-030
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.93
- Grade Unit: g/t
- Intercept: 44 m
- From: 55 m
- To: 99 m
- Hole Depth: 180 m
- Intercept Depth: 55 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-030:55-99

#### Location

- Location: Sapuchi
- Easting: 631968
- Northing: 3167986.1
- Elevation: 676.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows strong continuity over a significant width \(44.0 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.93 g/t Au\).

Evidence · table

> 0.93

Context: 44.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-030

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-22)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-030
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.82
- Grade Unit: g/t
- Intercept: 8 m
- From: 55 m
- To: 63 m
- Hole Depth: 180 m
- Intercept Depth: 55 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-030:55-63

#### Location

- Location: Sapuchi
- Easting: 631968
- Northing: 3167986.1
- Elevation: 676.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.82 g/t Au\).

Evidence · table

> 1.82

Context: 8.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-030

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-23)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-030
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.77
- Grade Unit: g/t
- Intercept: 4.5 m
- From: 88.5 m
- To: 93 m
- Hole Depth: 180 m
- Intercept Depth: 88.5 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-030:88.5-93

#### Location

- Location: Sapuchi
- Easting: 631968
- Northing: 3167986.1
- Elevation: 676.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.77 g/t Au\).

Evidence · table

> 1.77

Context: 4.50

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-031

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-24)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-031
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.12
- Grade Unit: g/t
- Intercept: 24.75 m
- From: 176.25 m
- To: 201 m
- Hole Depth: 201 m
- Intercept Depth: 176.25 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-031:176.25-201

#### Location

- Location: Sapuchi
- Easting: 632214
- Northing: 3167964.8
- Elevation: 733.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates moderate gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows strong continuity over a significant width \(24.75 m\).

- Positive factor: Grade is moderate according to the gold rubric \(1.12 g/t Au\).

Evidence · table

> 1.12

Context: 24.75

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-031

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-25)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-031
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.81
- Grade Unit: g/t
- Intercept: 4.35 m
- From: 177 m
- To: 181.35 m
- Hole Depth: 201 m
- Intercept Depth: 177 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-031:177-181.35

#### Location

- Location: Sapuchi
- Easting: 632214
- Northing: 3167964.8
- Elevation: 733.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.81 g/t Au\).

Evidence · table

> 1.81

Context: 4.35

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-031

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-26)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-031
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.65
- Grade Unit: g/t
- Intercept: 5.3 m
- From: 195.7 m
- To: 201 m
- Hole Depth: 201 m
- Intercept Depth: 195.7 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-031:195.7-201

#### Location

- Location: Sapuchi
- Easting: 632214
- Northing: 3167964.8
- Elevation: 733.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.65 g/t Au\).

Evidence · table

> 1.65

Context: 5.30

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-032

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-27)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-032
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1
- Grade Unit: g/t
- Intercept: 14.3 m
- From: 25 m
- To: 39.3 m
- Hole Depth: 180 m
- Intercept Depth: 25 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-032:25-39.3

#### Location

- Location: Sapuchi
- Easting: 632011.1
- Northing: 3167718.9
- Elevation: 576.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows moderate gold mineralization over a good width, contributing to the overall understanding of the deposit.

- Positive factor: Grade is moderate according to the gold rubric \(1.00 g/t Au\).

Evidence · table

> 1.00

Context: 14.30

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-032

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-28)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-032
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.65
- Grade Unit: g/t
- Intercept: 2 m
- From: 25 m
- To: 27 m
- Hole Depth: 180 m
- Intercept Depth: 25 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-032:25-27

#### Location

- Location: Sapuchi
- Easting: 632011.1
- Northing: 3167718.9
- Elevation: 576.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.65 g/t Au\).

Evidence · table

> 1.65

Context: 2.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-032

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-29)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-032
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.26
- Grade Unit: g/t
- Intercept: 2.85 m
- From: 35.05 m
- To: 37.9 m
- Hole Depth: 180 m
- Intercept Depth: 35.05 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-032:35.05-37.9

#### Location

- Location: Sapuchi
- Easting: 632011.1
- Northing: 3167718.9
- Elevation: 576.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is strong according to the gold rubric \(2.26 g/t Au\).

Evidence · table

> 2.26

Context: 2.85

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-033

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-30)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-033
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.69
- Grade Unit: g/t
- Intercept: 14.45 m
- From: 106 m
- To: 120.45 m
- Hole Depth: 197 m
- Intercept Depth: 106 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-033:106-120.45

#### Location

- Location: Sapuchi
- Easting: 632115.8
- Northing: 3167914.5
- Elevation: 697.2 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a moderate width, contributing to the overall understanding of the deposit.

- Negative factor: Grade is weak according to the gold rubric \(0.69 g/t Au\).

Evidence · table

> 0.69

Context: 14.45

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-033

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-31)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-033
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.6
- Grade Unit: g/t
- Intercept: 12.8 m
- From: 171 m
- To: 183.8 m
- Hole Depth: 197 m
- Intercept Depth: 171 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-033:171-183.8

#### Location

- Location: Sapuchi
- Easting: 632115.8
- Northing: 3167914.5
- Elevation: 697.2 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a moderate width, contributing marginally to the overall resource understanding.

- Negative factor: Grade is weak according to the gold rubric \(0.60 g/t Au\).

Evidence · table

> 0.60

Context: 12.80

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-033

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-32)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-033
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.2
- Grade Unit: g/t
- Intercept: 3.05 m
- From: 176.1 m
- To: 179.15 m
- Hole Depth: 197 m
- Intercept Depth: 176.1 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-033:176.1-179.15

#### Location

- Location: Sapuchi
- Easting: 632115.8
- Northing: 3167914.5
- Elevation: 697.2 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.20 g/t Au\).

Evidence · table

> 1.20

Context: 3.05

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-034

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-33)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-034
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.43
- Grade Unit: g/t
- Intercept: 3.4 m
- From: 32 m
- To: 35.4 m
- Hole Depth: 188 m
- Intercept Depth: 32 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-034:32-35.4

#### Location

- Location: Sapuchi
- Easting: 632047.4
- Northing: 3167725.9
- Elevation: 575.2 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows moderate gold mineralization over a narrow width, contributing to the overall understanding of the deposit.

- Positive factor: Grade is moderate according to the gold rubric \(1.43 g/t Au\).

Evidence · table

> 1.43

Context: 3.40

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-035

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-34)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-035
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.97
- Grade Unit: g/t
- Intercept: 20.6 m
- From: 48.4 m
- To: 69 m
- Hole Depth: 183 m
- Intercept Depth: 48.4 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-035:48.4-69

#### Location

- Location: Sapuchi
- Easting: 631723.3
- Northing: 3167912.1
- Elevation: 725 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows strong continuity over a significant width \(20.6 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.97 g/t Au\).

Evidence · table

> 0.97

Context: 20.60

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-035

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-35)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-035
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.46
- Grade Unit: g/t
- Intercept: 8 m
- From: 61 m
- To: 69 m
- Hole Depth: 183 m
- Intercept Depth: 61 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-035:61-69

#### Location

- Location: Sapuchi
- Easting: 631723.3
- Northing: 3167912.1
- Elevation: 725 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.46 g/t Au\).

Evidence · table

> 1.46

Context: 8.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-036

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-36)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-036
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 6.85
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 117 m
- To: 117.5 m
- Hole Depth: 180 m
- Intercept Depth: 117 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-036:117-117.5

#### Location

- Location: Sapuchi
- Easting: 631679.9
- Northing: 3167754.6
- Elevation: 616.2 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows exceptional gold grade but over a very narrow width, limiting its overall materiality.

- Positive factor: Grade is exceptional according to the gold rubric \(6.85 g/t Au\).

- Negative factor: Intercept is very narrow \(0.5 m\).

Evidence · table

> 6.85

Context: 0.50

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-037

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-37)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-037
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.35
- Grade Unit: g/t
- Intercept: 15 m
- From: 0 m
- To: 15 m
- Hole Depth: 153 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-037:0-15

#### Location

- Location: LDC
- Easting: 632699.1
- Northing: 3167943.5
- Elevation: 645.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization from surface, but its location at the LDC target adds some novelty as step-out drilling.

- Positive factor: Intercept from surface over a moderate width \(15.0 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.35 g/t Au\).

Evidence · table

> 0.35

Context: 15.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-038

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-38)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-038
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.28
- Grade Unit: g/t
- Intercept: 24.8 m
- From: 97.05 m
- To: 121.85 m
- Hole Depth: 184.9 m
- Intercept Depth: 97.05 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-038:97.05-121.85

#### Location

- Location: Sapuchi
- Easting: 631828.4
- Northing: 3167787.5
- Elevation: 602 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows very weak gold mineralization over a continuous width, contributing marginally to the overall resource understanding.

- Positive factor: Intercept shows strong continuity over a significant width \(24.8 m\).

- Negative factor: Grade is below the weak threshold according to the gold rubric \(0.28 g/t Au\).

Evidence · table

> 0.28

Context: 24.80

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-038

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-39)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-038
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.76
- Grade Unit: g/t
- Intercept: 6.65 m
- From: 111.85 m
- To: 118.5 m
- Hole Depth: 184.9 m
- Intercept Depth: 111.85 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-038:111.85-118.5

#### Location

- Location: Sapuchi
- Easting: 631828.4
- Northing: 3167787.5
- Elevation: 602 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows weak gold mineralization, contributing to the overall grade profile of the broader intercept.

- Negative factor: Grade is weak according to the gold rubric \(0.76 g/t Au\).

Evidence · table

> 0.76

Context: 6.65

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-039

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-40)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-039
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 8.15
- Grade Unit: g/t
- Intercept: 18 m
- From: 18 m
- To: 36 m
- Hole Depth: 180 m
- Intercept Depth: 18 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-039:18-36

#### Location

- Location: Sapuchi
- Easting: 631777.7
- Northing: 3167828.3
- Elevation: 653.7 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This is a bonanza intercept with exceptional gold grade over a significant width from shallow depth, representing a highly material result for the Sapuchi deposit.

- Positive factor: Grade is exceptional according to the gold rubric \(8.15 g/t Au\).

- Positive factor: Intercept shows strong continuity over a significant width \(18.0 m\).

- Positive factor: High-grade mineralization from shallow depth \(18.0 m\).

Evidence · table

> 8.15

Context: 18.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-039

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-41)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-039
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 11.71
- Grade Unit: g/t
- Intercept: 12 m
- From: 24 m
- To: 36 m
- Hole Depth: 180 m
- Intercept Depth: 24 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-039:24-36

#### Location

- Location: Sapuchi
- Easting: 631777.7
- Northing: 3167828.3
- Elevation: 653.7 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval represents an even higher-grade bonanza zone within the broader intercept, significantly enhancing its materiality.

- Positive factor: Grade is exceptional according to the gold rubric \(11.71 g/t Au\).

- Positive factor: Intercept shows strong continuity over a significant width \(12.0 m\).

Evidence · table

> 11.71

Context: 12.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-040

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-42)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-040
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.55
- Grade Unit: g/t
- Intercept: 24.15 m
- From: 19.35 m
- To: 43.5 m
- Hole Depth: 154.5 m
- Intercept Depth: 19.35 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-040:19.35-43.5

#### Location

- Location: LDC
- Easting: 633019.5
- Northing: 3168105.1
- Elevation: 520.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept, while of weak grade, is significant due to its location in the new Luz del Cobre target, indicating mineralization in a step-out area.

- Positive factor: Intercept shows strong continuity over a significant width \(24.15 m\) from shallow depth.

- Positive factor: Located in the new Luz del Cobre target, representing step-out drilling.

- Negative factor: Grade is weak according to the gold rubric \(0.55 g/t Au\).

Evidence · table

> 0.55

Context: 24.15

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-040

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-43)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-040
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.53
- Grade Unit: g/t
- Intercept: 3.25 m
- From: 21.7 m
- To: 24.95 m
- Hole Depth: 154.5 m
- Intercept Depth: 21.7 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-040:21.7-24.95

#### Location

- Location: LDC
- Easting: 633019.5
- Northing: 3168105.1
- Elevation: 520.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold mineralization in the new Luz del Cobre target, adding to the positive step-out results.

- Positive factor: Grade is strong according to the gold rubric \(2.53 g/t Au\).

- Positive factor: Located in the new Luz del Cobre target, representing step-out drilling.

Evidence · table

> 2.53

Context: 3.25

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-040

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-44)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-040
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.08
- Grade Unit: g/t
- Intercept: 6.55 m
- From: 35.9 m
- To: 42.45 m
- Hole Depth: 154.5 m
- Intercept Depth: 35.9 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-040:35.9-42.45

#### Location

- Location: LDC
- Easting: 633019.5
- Northing: 3168105.1
- Elevation: 520.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization in the new Luz del Cobre target, contributing to the positive step-out results.

- Positive factor: Grade is moderate according to the gold rubric \(1.08 g/t Au\).

- Positive factor: Located in the new Luz del Cobre target, representing step-out drilling.

Evidence · table

> 1.08

Context: 6.55

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-041

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-45)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-041
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 5.97
- Grade Unit: g/t
- Intercept: 1.3 m
- From: 163.7 m
- To: 165 m
- Hole Depth: 192 m
- Intercept Depth: 163.7 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-041:163.7-165

#### Location

- Location: Sapuchi
- Easting: 631768.7
- Northing: 3167780.4
- Elevation: 642.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows exceptional gold grade but over a very narrow width, limiting its overall materiality.

- Positive factor: Grade is exceptional according to the gold rubric \(5.97 g/t Au\).

- Negative factor: Intercept is very narrow \(1.3 m\).

Evidence · table

> 5.97

Context: 1.30

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-042

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-46)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-042
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.68
- Grade Unit: g/t
- Intercept: 9 m
- From: 47 m
- To: 56 m
- Hole Depth: 180 m
- Intercept Depth: 47 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-042:47-56

#### Location

- Location: Sapuchi
- Easting: 631780.7
- Northing: 3167646.9
- Elevation: 595.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a moderate width, contributing to the overall understanding of the deposit.

- Negative factor: Grade is weak according to the gold rubric \(0.68 g/t Au\).

Evidence · table

> 0.68

Context: 9.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-042

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-47)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-042
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.3
- Grade Unit: g/t
- Intercept: 4 m
- From: 47 m
- To: 51 m
- Hole Depth: 180 m
- Intercept Depth: 47 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-042:47-51

#### Location

- Location: Sapuchi
- Easting: 631780.7
- Northing: 3167646.9
- Elevation: 595.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.30 g/t Au\).

Evidence · table

> 1.30

Context: 4.00

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-042

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-48)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-042
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.75
- Grade Unit: g/t
- Intercept: 13.5 m
- From: 60 m
- To: 73.5 m
- Hole Depth: 180 m
- Intercept Depth: 60 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-042:60-73.5

#### Location

- Location: Sapuchi
- Easting: 631780.7
- Northing: 3167646.9
- Elevation: 595.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a moderate width, contributing to the overall understanding of the deposit.

- Negative factor: Grade is weak according to the gold rubric \(0.75 g/t Au\).

Evidence · table

> 0.75

Context: 13.50

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-042

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-49)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-042
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.67
- Grade Unit: g/t
- Intercept: 13.7 m
- From: 105 m
- To: 118.7 m
- Hole Depth: 180 m
- Intercept Depth: 105 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-042:105-118.7

#### Location

- Location: Sapuchi
- Easting: 631780.7
- Northing: 3167646.9
- Elevation: 595.8 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a moderate width, contributing to the overall understanding of the deposit.

- Negative factor: Grade is weak according to the gold rubric \(0.67 g/t Au\).

Evidence · table

> 0.67

Context: 13.70

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-043

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-50)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-043
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.45
- Grade Unit: g/t
- Intercept: 8.15 m
- From: 61.1 m
- To: 69.25 m
- Hole Depth: 233 m
- Intercept Depth: 61.1 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-043:61.1-69.25

#### Location

- Location: Sapuchi
- Easting: 632083.6
- Northing: 3167915.7
- Elevation: 704.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a moderate width, contributing marginally to the overall resource understanding.

- Negative factor: Grade is weak according to the gold rubric \(0.45 g/t Au\).

Evidence · table

> 0.45

Context: 8.15

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-043

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-51)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-043
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.43
- Grade Unit: g/t
- Intercept: 48.7 m
- From: 84.5 m
- To: 133.2 m
- Hole Depth: 233 m
- Intercept Depth: 84.5 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-043:84.5-133.2

#### Location

- Location: Sapuchi
- Easting: 632083.6
- Northing: 3167915.7
- Elevation: 704.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows strong continuity over a significant width \(48.7 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.43 g/t Au\).

Evidence · table

> 0.43

Context: 48.70

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-043

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-52)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-043
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.67
- Grade Unit: g/t
- Intercept: 23.05 m
- From: 102.3 m
- To: 125.35 m
- Hole Depth: 233 m
- Intercept Depth: 102.3 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-043:102.3-125.35

#### Location

- Location: Sapuchi
- Easting: 632083.6
- Northing: 3167915.7
- Elevation: 704.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows weak gold mineralization over a continuous width, contributing to the overall grade profile of the broader intercept.

- Positive factor: Intercept shows strong continuity over a significant width \(23.05 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.67 g/t Au\).

Evidence · table

> 0.67

Context: 23.05

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-043

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-53)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-043
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.47
- Grade Unit: g/t
- Intercept: 43.65 m
- From: 143 m
- To: 186.65 m
- Hole Depth: 233 m
- Intercept Depth: 143 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-043:143-186.65

#### Location

- Location: Sapuchi
- Easting: 632083.6
- Northing: 3167915.7
- Elevation: 704.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows strong continuity over a significant width \(43.65 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.47 g/t Au\).

Evidence · table

> 0.47

Context: 43.65

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-043

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-54)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-043
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.98
- Grade Unit: g/t
- Intercept: 9.85 m
- From: 174.2 m
- To: 184.05 m
- Hole Depth: 233 m
- Intercept Depth: 174.2 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-043:174.2-184.05

#### Location

- Location: Sapuchi
- Easting: 632083.6
- Northing: 3167915.7
- Elevation: 704.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval shows weak gold mineralization, contributing to the overall grade profile of the broader intercept.

- Negative factor: Grade is weak according to the gold rubric \(0.98 g/t Au\).

Evidence · table

> 0.98

Context: 9.85

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-043

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-55)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-043
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.38
- Grade Unit: g/t
- Intercept: 19.95 m
- From: 196.55 m
- To: 216.5 m
- Hole Depth: 233 m
- Intercept Depth: 196.55 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-043:196.55-216.5

#### Location

- Location: Sapuchi
- Easting: 632083.6
- Northing: 3167915.7
- Elevation: 704.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing marginally to the overall resource understanding.

- Positive factor: Intercept shows strong continuity over a significant width \(19.95 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.38 g/t Au\).

Evidence · table

> 0.38

Context: 19.95

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-044

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-56)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-044
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.4
- Grade Unit: g/t
- Intercept: 38.5 m
- From: 0 m
- To: 38.5 m
- Hole Depth: 112 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-044:0-38.5

#### Location

- Location: LDC
- Easting: 633044
- Northing: 3168105
- Elevation: 520.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept, while of weak grade, is significant due to its location in the new Luz del Cobre target, indicating mineralization in a step-out area.

- Positive factor: Intercept shows strong continuity over a significant width \(38.5 m\) from surface.

- Positive factor: Located in the new Luz del Cobre target, representing step-out drilling.

- Negative factor: Grade is weak according to the gold rubric \(0.40 g/t Au\).

Evidence · table

> 0.40

Context: 38.50

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-044

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-57)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-044
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.59
- Grade Unit: g/t
- Intercept: 22.4 m
- From: 0 m
- To: 22.4 m
- Hole Depth: 112 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-044:0-22.4

#### Location

- Location: LDC
- Easting: 633044
- Northing: 3168105
- Elevation: 520.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This sub-interval, while of weak grade, is significant due to its location in the new Luz del Cobre target, indicating mineralization in a step-out area.

- Positive factor: Intercept shows strong continuity over a significant width \(22.4 m\) from surface.

- Positive factor: Located in the new Luz del Cobre target, representing step-out drilling.

- Negative factor: Grade is weak according to the gold rubric \(0.59 g/t Au\).

Evidence · table

> 0.59

Context: 22.40

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-045

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-58)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-045
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.32
- Grade Unit: g/t
- Intercept: 37.8 m
- From: 13 m
- To: 50.8 m
- Hole Depth: 111 m
- Intercept Depth: 13 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-045:13-50.8

#### Location

- Location: LDC
- Easting: 633044.1
- Northing: 3168080
- Elevation: 520.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept, while of weak grade, is significant due to its location in the new Luz del Cobre target, indicating mineralization in a step-out area.

- Positive factor: Intercept shows strong continuity over a significant width \(37.8 m\) from shallow depth.

- Positive factor: Located in the new Luz del Cobre target, representing step-out drilling.

- Negative factor: Grade is weak according to the gold rubric \(0.32 g/t Au\).

Evidence · table

> 0.32

Context: 37.80

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-045

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-59)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-045
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.48
- Grade Unit: g/t
- Intercept: 4.7 m
- From: 98.8 m
- To: 103.5 m
- Hole Depth: 111 m
- Intercept Depth: 98.8 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-045:98.8-103.5

#### Location

- Location: LDC
- Easting: 633044.1
- Northing: 3168080
- Elevation: 520.4 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization in the new Luz del Cobre target, contributing to the step-out results.

- Positive factor: Located in the new Luz del Cobre target, representing step-out drilling.

- Negative factor: Grade is weak according to the gold rubric \(0.48 g/t Au\).

Evidence · table

> 0.48

Context: 4.70

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-046

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-60)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-046
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.36
- Grade Unit: g/t
- Intercept: 40.25 m
- From: 0 m
- To: 40.25 m
- Hole Depth: 110 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-046:0-40.25

#### Location

- Location: LDC
- Easting: 633019
- Northing: 3168080
- Elevation: 520.9 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept, while of weak grade, is significant due to its location in the new Luz del Cobre target, indicating mineralization in a step-out area.

- Positive factor: Intercept shows strong continuity over a significant width \(40.25 m\) from surface.

- Positive factor: Located in the new Luz del Cobre target, representing step-out drilling.

- Negative factor: Grade is weak according to the gold rubric \(0.36 g/t Au\).

Evidence · table

> 0.36

Context: 40.25

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-047

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-61)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-047
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 2.49
- Grade Unit: g/t
- Intercept: 7.5 m
- From: 13.5 m
- To: 21 m
- Hole Depth: 207 m
- Intercept Depth: 13.5 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-047:13.5-21

#### Location

- Location: Sapuchi
- Easting: 631666
- Northing: 3168003.8
- Elevation: 671.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows strong gold mineralization from shallow depth, contributing positively to the resource definition.

- Positive factor: Grade is strong according to the gold rubric \(2.49 g/t Au\).

- Positive factor: Intercept from shallow depth \(13.5 m\).

Evidence · table

> 2.49

Context: 7.50

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-047

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-62)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-047
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.43
- Grade Unit: g/t
- Intercept: 10.3 m
- From: 49.7 m
- To: 60 m
- Hole Depth: 207 m
- Intercept Depth: 49.7 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-047:49.7-60

#### Location

- Location: Sapuchi
- Easting: 631666
- Northing: 3168003.8
- Elevation: 671.6 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a moderate width, contributing marginally to the overall resource understanding.

- Negative factor: Grade is weak according to the gold rubric \(0.43 g/t Au\).

Evidence · table

> 0.43

Context: 10.30

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-048

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-63)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-048
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.43
- Grade Unit: g/t
- Intercept: 46.5 m
- From: 0 m
- To: 46.5 m
- Hole Depth: 110 m
- Intercept Depth: 0 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-048:0-46.5

#### Location

- Location: LDC
- Easting: 633019
- Northing: 3168129.9
- Elevation: 521.5 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This wide intercept of moderate gold grade directly from surface at a significant step-out location is a highly material and novel result, indicating potential for resource expansion at the Luz del Cobre target.

- Positive factor: Intercept shows strong continuity over a significant width \(46.5 m\) directly from surface.

- Positive factor: Grade is moderate according to the gold rubric \(1.43 g/t Au\).

- Positive factor: Located 750 meters outside the Sapuchi resource boundary, representing a significant step-out discovery.

Evidence · table

> 1.43

Context: 46.50

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-050

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-64)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-050
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.36
- Grade Unit: g/t
- Intercept: 4.75 m
- From: 3.6 m
- To: 8.35 m
- Hole Depth: 201 m
- Intercept Depth: 3.6 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-050:3.6-8.35

#### Location

- Location: Sapuchi
- Easting: 631567.6
- Northing: 3168008.7
- Elevation: 667.3 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows weak gold mineralization over a narrow width, contributing marginally to the overall resource understanding.

- Negative factor: Grade is weak according to the gold rubric \(0.36 g/t Au\).

Evidence · table

> 0.36

Context: 4.75

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-050

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-65)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-050
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.99
- Grade Unit: g/t
- Intercept: 5.55 m
- From: 31.45 m
- To: 37 m
- Hole Depth: 201 m
- Intercept Depth: 31.45 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-050:31.45-37

#### Location

- Location: Sapuchi
- Easting: 631567.6
- Northing: 3168008.7
- Elevation: 667.3 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.99 g/t Au\).

Evidence · table

> 1.99

Context: 5.55

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-050

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-66)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-050
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 0.69
- Grade Unit: g/t
- Intercept: 19.4 m
- From: 62.1 m
- To: 81.5 m
- Hole Depth: 201 m
- Intercept Depth: 62.1 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-050:62.1-81.5

#### Location

- Location: Sapuchi
- Easting: 631567.6
- Northing: 3168008.7
- Elevation: 667.3 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept demonstrates weak gold mineralization over a continuous width, contributing to the understanding of the deposit's extent.

- Positive factor: Intercept shows strong continuity over a significant width \(19.4 m\).

- Negative factor: Grade is weak according to the gold rubric \(0.69 g/t Au\).

Evidence · table

> 0.69

Context: 19.40

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

### SOSAP-26-050

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-18-0-metres-of-8-15-g-t-au-at-san-antonio-project--bcd678ff-11f1-4e28-a097-ff45bf261b84#fact-drill-facts-67)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-050
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO

#### Geometry

- Grade: 1.19
- Grade Unit: g/t
- Intercept: 4.7 m
- From: 87 m
- To: 91.7 m
- Hole Depth: 201 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: SOSAP-26-050:87-91.7

#### Location

- Location: Sapuchi
- Easting: 631567.6
- Northing: 3168008.7
- Elevation: 667.3 m
- Azimuth: 0 °
- Dip: -90 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS Chemex
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Metal Equivalent

- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-14T00:00:00.000Z

Reasoning: This intercept shows moderate gold mineralization, contributing to the overall grade profile of the broader intercept.

- Positive factor: Grade is moderate according to the gold rubric \(1.19 g/t Au\).

Evidence · table

> 1.19

Context: 4.70

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Axo Metals Drilling Intercepts 18.0 Metres of 8.15 g/t Au at San Antonio Project; First Step Out Drilling Reports Strong"

## 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.
