# Axo Metals Drilling Intercepts 48.0 Metres of 1.18 g/t Au From Surface at Recently Discovered Luz del Cobre Target; Additional Results Include 3.94 g/t Au Over 15.0 Metres

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a

Original source: https://orestocks.com/company/AXO.V/press-releases/6725185567242358

Publisher: orestocks

Original announcement: 2026-10-20T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-20T11:55:57.344Z

Atlas analysis updated: 2026-10-20T11:55:57.344Z

- Company: Axo Metals Corp.

- Ticker: AXO.V

- Exchange: Unavailable

- Region: Sonora, Mexico

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results

- Extracted: 2026-10-20 11:55:58 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Axo Metals announced new drill results from its San Antonio project in Sonora, Mexico, highlighting significant gold intercepts at the recently discovered Luz del Cobre target and in the Luz del Cobre-Sapuchi gap zone. Key results include 48.0 metres of 1.18 g/t Au from surface and 15.0 metres of 3.94 g/t Au from 12 metres downhole. The program, which included 33 drillholes, aims to expand resources and confirms strong oxide gold mineralization near existing infrastructure.

Reasoning: Axo Metals announced positive drill results from its San Antonio project, including significant near-surface oxide gold intercepts at the recently discovered Luz del Cobre target and in the gap zone. The drilling aims to expand resources and confirms mineralization in new areas, leveraging proximity to existing infrastructure. While true widths are not reported for the vertical holes, the overall results are encouraging for project growth.

- Positive factor: New target discovery \(Luz del Cobre\)

- Positive factor: Significant widths of gold mineralization

- Positive factor: Near-surface oxide gold mineralization

- Positive factor: Resource expansion drilling intent

- Positive factor: Proximity to existing infrastructure

- Positive factor: QA/QC procedures disclosed

- Negative factor: Apparent width only \(vertical drilling\)

- Negative factor: Cut-off grade for compositing undisclosed

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

Facts used in scoring: 34

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 34. Some facts used in scoring do not have a stored record.

## Drill Results (34)

### SOSAP-26-069

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-0)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-069
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.18
- Grade Unit: g/t
- Intercept: 48 m
- From: 0 m
- To: 48 m
- Hole Depth: 77 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-069:0-48
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre zone
- Easting: 633019
- Northing: 3168155
- Elevation: 532 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept represents a significant width of gold mineralization starting from surface at the new Luz del Cobre target, indicating strong potential for open-pit development.

- Positive factor: Significant intercept length

- Positive factor: Near-surface mineralization

- Positive factor: Good grade for open pit

- Positive factor: Located in new target area

- Negative factor: Apparent width only

Evidence · text

> Hole SOSAP-26-069 which reported the first 48.0 metres drilled directly from surface grading 1.18g/t Au

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-069

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-1)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-069
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.59
- Grade Unit: g/t
- Intercept: 23 m
- From: 3 m
- To: 26 m
- Hole Depth: 77 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-069:3-26
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre zone
- Easting: 633019
- Northing: 3168155
- Elevation: 532 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This high-grade sub-interval within a broader zone further enhances the prospectivity of the near-surface mineralization at Luz del Cobre.

- Positive factor: High-grade sub-interval

- Positive factor: Near-surface mineralization

- Negative factor: Apparent width only

Evidence · table

> 1.59

Context: 23.0

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-083

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-2)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-083
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 3.94
- Grade Unit: g/t
- Intercept: 15 m
- From: 12 m
- To: 27 m
- Hole Depth: 94 m
- Intercept Depth: 12 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-083:12-27
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre
- Easting: 632970
- Northing: 3168104
- Elevation: 538 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This high-grade, shallow intercept at the Luz del Cobre target is a bonanza result, significantly enhancing the prospectivity of the new discovery.

- Positive factor: High-grade intercept

- Positive factor: Significant width

- Positive factor: Shallow mineralization

- Positive factor: Located in new target area

- Negative factor: Apparent width only

Evidence · text

> Hole SOSAP-26-083 which assayed 3.94g/t Au over 15.0 metres from only 12 metres down the hole at Luz del Cobre.

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-053

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-3)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-053
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.43
- Grade Unit: g/t
- Intercept: 4.8 m
- From: 87 m
- To: 91.8 m
- Hole Depth: 201 m
- Intercept Depth: 87 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-053:87-91.8
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632075
- Northing: 3168014
- Elevation: 665 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept is of lower grade and narrow width, contributing to overall resource definition but not a highlight.

- Negative factor: Lower grade

- Negative factor: Narrow width

Evidence · table

> 0.43

Context: 4.8

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-053

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-4)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-053
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.72
- Grade Unit: g/t
- Intercept: 11 m
- From: 103.5 m
- To: 114.5 m
- Hole Depth: 201 m
- Intercept Depth: 87 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-053:103.5-114.5
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632075
- Northing: 3168014
- Elevation: 665 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a good grade over a moderate width, contributing positively to the Sapuchi resource definition.

- Positive factor: Good grade

- Positive factor: Moderate width

- Negative factor: Apparent width only

Evidence · text

> 11.0 metres of 1.72g/t Au

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-053

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-5)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-053
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.94
- Grade Unit: g/t
- Intercept: 17 m
- From: 129.7 m
- To: 146.7 m
- Hole Depth: 201 m
- Intercept Depth: 87 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-053:129.7-146.7
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632075
- Northing: 3168014
- Elevation: 665 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a solid width and economic grade, supporting the overall resource potential at Sapuchi.

- Positive factor: Moderate width

- Positive factor: Economic grade for open pit

- Negative factor: Apparent width only

Evidence · text

> 17.0 metres of 0.94g/t Au

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-053

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-6)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-053
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.54
- Grade Unit: g/t
- Intercept: 3.1 m
- From: 137.6 m
- To: 140.7 m
- Hole Depth: 201 m
- Intercept Depth: 87 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-053:137.6-140.7
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632075
- Northing: 3168014
- Elevation: 665 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This high-grade sub-interval contributes to the overall grade of the broader intercept at Sapuchi.

- Positive factor: High-grade sub-interval

- Negative factor: Narrow width

- Negative factor: Apparent width only

Evidence · table

> 1.54

Context: 3.1

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-053

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-7)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-053
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.62
- Grade Unit: g/t
- Intercept: 22 m
- From: 153.1 m
- To: 175.1 m
- Hole Depth: 201 m
- Intercept Depth: 87 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-053:153.1-175.1
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632075
- Northing: 3168014
- Elevation: 665 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a good grade over a significant width, contributing positively to the Sapuchi resource definition.

- Positive factor: Good grade

- Positive factor: Significant width

- Negative factor: Apparent width only

Evidence · text

> 22.0 metres of 1.62g/t Au

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-053

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-8)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-053
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 2.94
- Grade Unit: g/t
- Intercept: 10.4 m
- From: 164.7 m
- To: 175.1 m
- Hole Depth: 201 m
- Intercept Depth: 87 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-053:164.7-175.1
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632075
- Northing: 3168014
- Elevation: 665 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly enhances the overall value of the broader intercept at Sapuchi.

- Positive factor: High-grade sub-interval

- Positive factor: Moderate width

- Negative factor: Apparent width only

Evidence · table

> 2.94

Context: 10.4

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-077

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-9)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-077
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.88
- Grade Unit: g/t
- Intercept: 25.8 m
- From: 0 m
- To: 25.8 m
- Hole Depth: 81 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-077:0-25.8
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre
- Easting: 632994
- Northing: 3168180
- Elevation: 537 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a significant width of near-surface gold mineralization at the Luz del Cobre target, supporting its open-pit potential.

- Positive factor: Significant intercept length

- Positive factor: Near-surface mineralization

- Positive factor: Economic grade for open pit

- Negative factor: Apparent width only

Evidence · text

> Hole SOSAP-26-077 which assayed 0.88g/t Au over 25.8 metres from surface at Luz del Cobre.

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-077

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-10)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-077
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.75
- Grade Unit: g/t
- Intercept: 10.3 m
- From: 3 m
- To: 13.3 m
- Hole Depth: 81 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-077:3-13.3
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre
- Easting: 632994
- Northing: 3168180
- Elevation: 537 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This high-grade sub-interval within a broader zone further enhances the prospectivity of the near-surface mineralization at Luz del Cobre.

- Positive factor: High-grade sub-interval

- Positive factor: Near-surface mineralization

- Negative factor: Apparent width only

Evidence · table

> 1.75

Context: 10.3

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-080

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-11)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-080
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.29
- Grade Unit: g/t
- Intercept: 7.5 m
- From: 25.5 m
- To: 33 m
- Hole Depth: 186 m
- Intercept Depth: 25.5 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-080:25.5-33
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre-Sapuchi gap zone
- Easting: 632643
- Northing: 3167970
- Elevation: 693 m
- Azimuth: 83 °
- Dip: -45 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept is of lower grade, but contributes to confirming mineralization in the gap zone.

- Negative factor: Lower grade

Evidence · table

> 0.29

Context: 7.5

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-080

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-12)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-080
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.32
- Grade Unit: g/t
- Intercept: 39.6 m
- From: 43.3 m
- To: 82.9 m
- Hole Depth: 186 m
- Intercept Depth: 25.5 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-080:43.3-82.9
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre-Sapuchi gap zone
- Easting: 632643
- Northing: 3167970
- Elevation: 693 m
- Azimuth: 83 °
- Dip: -45 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This long intercept, while lower grade, confirms significant mineralization in the gap zone between the two main targets.

- Positive factor: Significant intercept length

- Positive factor: Confirms mineralization in gap zone

- Negative factor: Lower grade

Evidence · text

> 39.6 metres of 0.32g/t Au

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-080

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-13)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-080
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.73
- Grade Unit: g/t
- Intercept: 9 m
- From: 63 m
- To: 72 m
- Hole Depth: 186 m
- Intercept Depth: 25.5 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-080:63-72
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre-Sapuchi gap zone
- Easting: 632643
- Northing: 3167970
- Elevation: 693 m
- Azimuth: 83 °
- Dip: -45 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This higher-grade sub-interval within a broader zone improves the overall quality of the mineralization in the gap zone.

- Positive factor: Higher-grade sub-interval

Evidence · table

> 0.73

Context: 9.0

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-080

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-14)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-080
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.4
- Grade Unit: g/t
- Intercept: 33 m
- From: 87 m
- To: 120 m
- Hole Depth: 186 m
- Intercept Depth: 25.5 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-080:87-120
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre-Sapuchi gap zone
- Easting: 632643
- Northing: 3167970
- Elevation: 693 m
- Azimuth: 83 °
- Dip: -45 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This long intercept further confirms mineralization in the gap zone, supporting resource expansion.

- Positive factor: Significant intercept length

- Positive factor: Confirms mineralization in gap zone

- Negative factor: Lower grade

Evidence · table

> 0.40

Context: 33.0

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-080

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-15)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-080
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.29
- Grade Unit: g/t
- Intercept: 11 m
- From: 157 m
- To: 168 m
- Hole Depth: 186 m
- Intercept Depth: 25.5 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-080:157-168
- Mining Method: open\_pit

#### Location

- Location: Luz del Cobre-Sapuchi gap zone
- Easting: 632643
- Northing: 3167970
- Elevation: 693 m
- Azimuth: 83 °
- Dip: -45 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a good grade over a moderate width, further confirming mineralization in the gap zone.

- Positive factor: Good grade

- Positive factor: Moderate width

- Positive factor: Confirms mineralization in gap zone

Evidence · text

> 11.0 metres of 1.29g/t Au

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-073

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-16)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-073
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.81
- Grade Unit: g/t
- Intercept: 17.9 m
- From: 29.2 m
- To: 47.1 m
- Hole Depth: 182 m
- Intercept Depth: 29.2 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-073:29.2-47.1
- Mining Method: open\_pit

#### Location

- Location: outer edge of the Sapuchi resource
- Easting: 631793
- Northing: 3167677
- Elevation: 598 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a solid width and economic grade at the outer edge of the Sapuchi resource, supporting its expansion.

- Positive factor: Moderate width

- Positive factor: Economic grade for open pit

- Negative factor: Apparent width only

Evidence · text

> 0.81g/t Au over 17.9 metres from only 29 metres down the hole

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-073

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-17)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-073
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 2.22
- Grade Unit: g/t
- Intercept: 5.3 m
- From: 32.6 m
- To: 37.8 m
- Hole Depth: 182 m
- Intercept Depth: 29.2 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-073:32.6-37.8
- Mining Method: open\_pit

#### Location

- Location: outer edge of the Sapuchi resource
- Easting: 631793
- Northing: 3167677
- Elevation: 598 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This high-grade sub-interval enhances the overall grade of the broader intercept at the Sapuchi resource.

- Positive factor: High-grade sub-interval

- Negative factor: Narrow width

- Negative factor: Apparent width only

Evidence · table

> 2.22

Context: 5.3

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-073

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-18)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-073
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.9
- Grade Unit: g/t
- Intercept: 19.9 m
- From: 55.1 m
- To: 75 m
- Hole Depth: 182 m
- Intercept Depth: 29.2 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-073:55.1-75
- Mining Method: open\_pit

#### Location

- Location: outer edge of the Sapuchi resource
- Easting: 631793
- Northing: 3167677
- Elevation: 598 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a solid width and economic grade at the outer edge of the Sapuchi resource, supporting its expansion.

- Positive factor: Moderate width

- Positive factor: Economic grade for open pit

- Negative factor: Apparent width only

Evidence · text

> 0.90g/t Au over 19.9 metres from 55 metres down the hole

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-073

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-19)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-073
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.58
- Grade Unit: g/t
- Intercept: 8.5 m
- From: 57.5 m
- To: 66 m
- Hole Depth: 182 m
- Intercept Depth: 29.2 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-073:57.5-66
- Mining Method: open\_pit

#### Location

- Location: outer edge of the Sapuchi resource
- Easting: 631793
- Northing: 3167677
- Elevation: 598 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This high-grade sub-interval enhances the overall grade of the broader intercept at the Sapuchi resource.

- Positive factor: High-grade sub-interval

- Negative factor: Apparent width only

Evidence · table

> 1.58

Context: 8.5

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-051

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-20)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-051
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.11
- Grade Unit: g/t
- Intercept: 7.3 m
- From: 7.3 m
- To: 14.5 m
- Hole Depth: 110 m
- Intercept Depth: 7.3 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-051:7.3-14.5
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 633044
- Northing: 3168055
- Elevation: 521 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept shows very low-grade mineralization, contributing to geological understanding but not economically significant.

- Negative factor: Low grade

Evidence · table

> 0.11

Context: 7.3

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-052

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-21)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-052
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.55
- Grade Unit: g/t
- Intercept: 22.5 m
- From: 0 m
- To: 22.5 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-052:0-22.5
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 633019
- Northing: 3168055
- Elevation: 521 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a good width of near-surface oxide gold mineralization at Luz del Cobre.

- Positive factor: Significant width

- Positive factor: Near-surface mineralization

- Positive factor: Economic grade for open pit

- Negative factor: Apparent width only

Evidence · table

> 0.55

Context: 22.5

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-054

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-22)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-054
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.28
- Grade Unit: g/t
- Intercept: 7.5 m
- From: 46.5 m
- To: 54 m
- Hole Depth: 91 m
- Intercept Depth: 46.5 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-054:46.5-54
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 633044
- Northing: 3168130
- Elevation: 521 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept shows low-grade mineralization, contributing to geological understanding but not economically significant.

- Negative factor: Low grade

Evidence · table

> 0.28

Context: 7.5

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-054

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-23)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-054
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.18
- Grade Unit: g/t
- Intercept: 4.1 m
- From: 64.9 m
- To: 69 m
- Hole Depth: 91 m
- Intercept Depth: 46.5 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-054:64.9-69
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 633044
- Northing: 3168130
- Elevation: 521 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept shows very low-grade mineralization, contributing to geological understanding but not economically significant.

- Negative factor: Very low grade

Evidence · table

> 0.18

Context: 4.1

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-055

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-24)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-055
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.38
- Grade Unit: g/t
- Intercept: 16.6 m
- From: 0 m
- To: 16.6 m
- Hole Depth: 99 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-055:0-16.6
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 632994
- Northing: 3168105
- Elevation: 526 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a moderate width of near-surface oxide gold mineralization at Luz del Cobre.

- Positive factor: Moderate width

- Positive factor: Near-surface mineralization

- Positive factor: Economic grade for open pit

- Negative factor: Apparent width only

Evidence · table

> 0.38

Context: 16.6

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-055

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-25)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-055
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.91
- Grade Unit: g/t
- Intercept: 4.2 m
- From: 10.6 m
- To: 14.7 m
- Hole Depth: 99 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-055:10.6-14.7
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 632994
- Northing: 3168105
- Elevation: 526 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This higher-grade sub-interval enhances the overall quality of the near-surface mineralization at Luz del Cobre.

- Positive factor: Higher-grade sub-interval

- Positive factor: Near-surface mineralization

- Negative factor: Narrow width

- Negative factor: Apparent width only

Evidence · table

> 0.91

Context: 4.2

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-056

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-26)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-056
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.34
- Grade Unit: g/t
- Intercept: 20 m
- From: 75.4 m
- To: 95.4 m
- Hole Depth: 210 m
- Intercept Depth: 75.4 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-056:75.4-95.4
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632077
- Northing: 3168046
- Elevation: 648 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a significant width of economic grade mineralization at Sapuchi, supporting resource definition.

- Positive factor: Significant width

- Positive factor: Economic grade for open pit

- Negative factor: Apparent width only

Evidence · table

> 0.34

Context: 20.0

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-056

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-27)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-056
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.44
- Grade Unit: g/t
- Intercept: 6 m
- From: 105 m
- To: 111 m
- Hole Depth: 210 m
- Intercept Depth: 75.4 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-056:105-111
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632077
- Northing: 3168046
- Elevation: 648 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides an economic grade over a narrow width, contributing to resource definition at Sapuchi.

- Positive factor: Economic grade for open pit

- Negative factor: Narrow width

- Negative factor: Apparent width only

Evidence · table

> 0.44

Context: 6.0

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-056

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-28)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-056
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.17
- Grade Unit: g/t
- Intercept: 23.9 m
- From: 125.2 m
- To: 149 m
- Hole Depth: 210 m
- Intercept Depth: 75.4 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-056:125.2-149
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632077
- Northing: 3168046
- Elevation: 648 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a good grade over a significant width, contributing positively to the Sapuchi resource definition.

- Positive factor: Good grade

- Positive factor: Significant width

- Negative factor: Apparent width only

Evidence · table

> 1.17

Context: 23.9

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-056

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-29)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-056
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.99
- Grade Unit: g/t
- Intercept: 4.8 m
- From: 161.8 m
- To: 166.5 m
- Hole Depth: 210 m
- Intercept Depth: 75.4 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-056:161.8-166.5
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632077
- Northing: 3168046
- Elevation: 648 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a good grade over a narrow width, contributing to resource definition at Sapuchi.

- Positive factor: Good grade

- Negative factor: Narrow width

- Negative factor: Apparent width only

Evidence · table

> 1.99

Context: 4.8

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-056

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-30)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-056
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.3
- Grade Unit: g/t
- Intercept: 18 m
- From: 186 m
- To: 204 m
- Hole Depth: 210 m
- Intercept Depth: 75.4 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-056:186-204
- Mining Method: open\_pit

#### Location

- Location: Sapuchi
- Easting: 632077
- Northing: 3168046
- Elevation: 648 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a moderate width of economic grade mineralization at Sapuchi, supporting resource definition.

- Positive factor: Moderate width

- Positive factor: Economic grade for open pit

- Negative factor: Apparent width only

Evidence · table

> 0.30

Context: 18.0

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-057

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-31)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-057
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.18
- Grade Unit: g/t
- Intercept: 27.4 m
- From: 7.8 m
- To: 35.2 m
- Hole Depth: 84 m
- Intercept Depth: 7.8 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-057:7.8-35.2
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 633069
- Northing: 3168105
- Elevation: 521 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept shows low-grade mineralization over a significant width, contributing to geological understanding but not economically significant.

- Positive factor: Significant width

- Negative factor: Low grade

- Negative factor: Apparent width only

Evidence · table

> 0.18

Context: 27.4

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-058

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-32)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-058
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 1.58
- Grade Unit: g/t
- Intercept: 9 m
- From: 0 m
- To: 9 m
- Hole Depth: 108 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-058:0-9
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 633069
- Northing: 3168080
- Elevation: 521 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept provides a good grade over a moderate width from surface at Luz del Cobre.

- Positive factor: Good grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent width only

Evidence · table

> 1.58

Context: 9.0

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

### SOSAP-26-058

[Link to this fact](https://atlas-staging.minestarters.com/news/axo-metals-drilling-intercepts-48-0-metres-of-1-18-g-t-au-from-surface-at-recent--b31a14e6-361e-40ee-82b4-3f8578e3b06a#fact-drill-facts-33)

San Antonio · gold

#### Identity

- Hole ID: SOSAP-26-058
- Project: San Antonio
- Commodity: gold
- Region: mexico
- Reported Region: mexico
- Ticker: AXO.V

#### Geometry

- Grade: 0.31
- Grade Unit: g/t
- Intercept: 9 m
- From: 51 m
- To: 60 m
- Hole Depth: 108 m
- Intercept Depth: 0 m

#### Classification

- Program: mixed
- Sample Type: drill
- Group ID: SOSAP-26-058:51-60
- Mining Method: open\_pit

#### Location

- Location: LDC
- Easting: 633069
- Northing: 3168080
- Elevation: 521 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

#### Review

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

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: This intercept shows lower-grade mineralization, contributing to geological understanding at Luz del Cobre.

- Negative factor: Lower grade

- Negative factor: Apparent width only

Evidence · table

> 0.31

Context: 9.0

#### 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

**Infill Drilling**

Polarity: neutral

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

Why it applies: drill\_program\_type is "mixed"

## 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.