First Majestic Reports High-Grade Drill Results and Expands Exploration Footprint at San Dimas

Original announcement by orestocks on

Company
First Majestic Silver Corp.
Ticker
AG.TO
Exchange
Unavailable
Region
Durango, Mexico
Primary commodity
Silver
Secondary commodities
Gold
Document categories
Drill results
Extracted
2026-09-09 12:02:48 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

First Majestic has reported high-grade silver and gold drill results from its San Dimas district in Mexico. The drilling supports both near-mine resource conversion in established vein systems and the expansion of the exploration footprint at the Convención and El Cristo areas.

Reasoning: The release reports significant high-grade intercepts across multiple vein systems, including new targets and expansion of known mineralization, supporting both resource conversion and addition.

Positive factors

  • multiple high-grade silver and gold intercepts
  • expansion of exploration footprint at Convención and El Cristo
  • support for near-mine Mineral Resource conversion
  • true width intercepts reported

Facts used in scoring: 27

Classification and evidence

Bonanza Interceptpositive

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

Why it applies: LUZ26X-02 returned 2,625 g/t Au, which is exceptionally high grade.

Evidence · table

“2,625”

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: The document explicitly provides true width values for the significant intercepts in Table 1.

Evidence · table

“True Width (m)”

QA/QC Disclosedpositive

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

Why it applies: The release details the use of standards, blanks, and duplicates, and names the central laboratory.

Evidence · text

“standards, blanks, and duplicates inserted into the sample stream”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a mill_cil route ("CIL")

Extracted facts

Stored fact records: 27. Some facts used in scoring do not have a stored record.

Drill Results (27)

ELI26X-08San Dimas · silverGrade: 200.85Grade Unit: g/tIntercept: 198.5 mView all details
Link to this fact

Identity

Hole ID
ELI26X-08
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
200.85
Grade Unit
g/t
Intercept
198.5 m
True Width
198.5 m

Classification

Deposit Type
other
Program
mixed
Sample Type
drill
Group ID
ELI26X-08:198.5-198.5
Mining Method
underground

Location

Location
Sinaloa - Elia
Easting
400249
Northing
2666593
CRS
UTM WGS84, Zone 13
Elevation
395 m
Azimuth
318 °
Dip
-26 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
2980
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Compositing

Cutoff Grade
171
Cutoff Unit
g/t AgEq
Dilution Disclosed
Yes
Max Dilution
1 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: 200.85 g/t Ag over 198.5 m true width is an exceptional intercept for a vein system.

Positive factors

  • exceptional silver grade
  • large true width

Evidence · table

“200.85”

Context: 198.50

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 198.5

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-08San Dimas · goldGrade: 2.04Grade Unit: g/tIntercept: 198.5 mView all details
Link to this fact

Identity

Hole ID
ELI26X-08
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
2.04
Grade Unit
g/t
Intercept
198.5 m
True Width
198.5 m

Classification

Deposit Type
other
Program
mixed
Sample Type
drill
Group ID
ELI26X-08:198.5-198.5
Mining Method
underground

Location

Location
Sinaloa - Elia
Easting
400249
Northing
2666593
CRS
UTM WGS84, Zone 13
Elevation
395 m
Azimuth
318 °
Dip
-26 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
Yes

Compositing

Cutoff Grade
171
Cutoff Unit
g/t AgEq
Dilution Disclosed
Yes
Max Dilution
1 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: 2.04 g/t Au over 198.5 m is a strong intercept.

Positive factors

  • strong gold grade for vein system

Evidence · table

“2.04”

Context: 198.50

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 198.5

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

LUZ26X-02San Dimas · goldGrade: 2625Grade Unit: g/tIntercept: 511.3 mView all details
Link to this fact

Identity

Hole ID
LUZ26X-02
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
2625
Grade Unit
g/t
Intercept
511.3 m
True Width
511.3 m

Classification

Deposit Type
other
Program
mixed
Sample Type
drill
Group ID
LUZ26X-02:511.3-511.3
Mining Method
underground

Location

Location
Luz
Easting
404682
Northing
2664783
CRS
UTM WGS84, Zone 13
Elevation
596 m
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
6994
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Compositing

Cutoff Grade
171
Cutoff Unit
g/t AgEq
Dilution Disclosed
Yes
Max Dilution
1 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: 2,625 g/t Au is an exceptional bonanza grade.

Positive factors

  • bonanza gold grade
  • exceptional width

Evidence · table

“2,625”

Context: 511.30

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 511.3

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-08San Dimas · silverGrade: 1377Grade Unit: g/tIntercept: 2.35 mView all details
Link to this fact

Identity

Hole ID
ELI26X-08
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
1377
Grade Unit
g/t
Intercept
2.35 m
True Width
2.04 m
From
198.5 m
To
200.85 m
Intercept Depth
198.5 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI26X-08:198.5-200.85
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
2980
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 1377 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 3236.0 g/t·m is strong (grade alone is exceptional; the better of the two is used).

Positive factors

  • 1377 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1,377”

Context: ELI26X-08

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 2.04

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-08San Dimas · goldGrade: 21.38Grade Unit: g/tIntercept: 2.35 mView all details
Link to this fact

Identity

Hole ID
ELI26X-08
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
21.38
Grade Unit
g/t
Intercept
2.35 m
True Width
2.04 m
From
198.5 m
To
200.85 m
Intercept Depth
198.5 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI26X-08:198.5-200.85
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
2980
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 21.38 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 50.2 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 21.38 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“21.38”

Context: ELI26X-08

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 2.04

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-10San Dimas · silverGrade: 2604Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
ELI26X-10
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
2604
Grade Unit
g/t
Intercept
1.2 m
True Width
0.88 m
From
191.5 m
To
192.7 m
Intercept Depth
191.5 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI26X-10:191.5-192.7
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
5835
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 2604 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 3124.8 g/t·m is strong (grade alone is exceptional; the better of the two is used).

Positive factors

  • 2604 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2,604”

Context: ELI26X-10

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 0.88

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-10San Dimas · goldGrade: 43.08Grade Unit: g/tIntercept: 1.2 mView all details
Link to this fact

Identity

Hole ID
ELI26X-10
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
43.08
Grade Unit
g/t
Intercept
1.2 m
True Width
0.88 m
From
191.5 m
To
192.7 m
Intercept Depth
191.5 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI26X-10:191.5-192.7
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
5835
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 43.08 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 51.7 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 43.08 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“43.08”

Context: ELI26X-10

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 0.88

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI25X-58San Dimas · silverGrade: 1070Grade Unit: g/tIntercept: 3.25 mView all details
Link to this fact

Identity

Hole ID
ELI25X-58
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
1070
Grade Unit
g/t
Intercept
3.25 m
True Width
1.75 m
From
218.1 m
To
221.35 m
Intercept Depth
218.1 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI25X-58:218.1-221.35
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
2908
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 1070 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 3477.5 g/t·m is strong (grade alone is exceptional; the better of the two is used).

Positive factors

  • 1070 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1,070”

Context: ELI25X-58

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.75

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI25X-58San Dimas · goldGrade: 24.51Grade Unit: g/tIntercept: 3.25 mView all details
Link to this fact

Identity

Hole ID
ELI25X-58
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
24.51
Grade Unit
g/t
Intercept
3.25 m
True Width
1.75 m
From
218.1 m
To
221.35 m
Intercept Depth
218.1 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI25X-58:218.1-221.35
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
2908
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 24.51 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 79.7 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 24.51 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“24.51”

Context: ELI25X-58

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.75

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-22San Dimas · silverGrade: 673Grade Unit: g/tIntercept: 2.7 mView all details
Link to this fact

Identity

Hole ID
ELI26X-22
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
673
Grade Unit
g/t
Intercept
2.7 m
True Width
1.99 m
From
342.6 m
To
345.3 m
Intercept Depth
342.6 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI26X-22:342.6-345.3
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
1809
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 673 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 1817.1 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 673 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“673”

Context: ELI26X-22

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.99

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-22San Dimas · goldGrade: 15.15Grade Unit: g/tIntercept: 2.7 mView all details
Link to this fact

Identity

Hole ID
ELI26X-22
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
15.15
Grade Unit
g/t
Intercept
2.7 m
True Width
1.99 m
From
342.6 m
To
345.3 m
Intercept Depth
342.6 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI26X-22:342.6-345.3
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
1809
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 15.15 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 40.9 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 15.15 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“15.15”

Context: ELI26X-22

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.99

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-07San Dimas · silverGrade: 373Grade Unit: g/tIntercept: 6.1 mView all details
Link to this fact

Identity

Hole ID
ELI26X-07
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
373
Grade Unit
g/t
Intercept
6.1 m
True Width
4.45 m
From
177.55 m
To
183.65 m
Intercept Depth
177.55 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI26X-07:177.55-183.65
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
729
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 373 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 2275.3 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 373 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“373”

Context: ELI26X-07

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 4.45

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

ELI26X-07San Dimas · goldGrade: 4.75Grade Unit: g/tIntercept: 6.1 mView all details
Link to this fact

Identity

Hole ID
ELI26X-07
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
4.75
Grade Unit
g/t
Intercept
6.1 m
True Width
4.45 m
From
177.55 m
To
183.65 m
Intercept Depth
177.55 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
ELI26X-07:177.55-183.65
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
729
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 4.75 g/t gold is moderate against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 29.0 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“4.75”

Context: ELI26X-07

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 4.45

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

COR26X-06San Dimas · silverGrade: 246Grade Unit: g/tIntercept: 5.95 mView all details
Link to this fact

Identity

Hole ID
COR26X-06
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
246
Grade Unit
g/t
Intercept
5.95 m
True Width
4.22 m
From
588.75 m
To
594.7 m
Intercept Depth
588.75 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
COR26X-06:588.75-594.7
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
466
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 246 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 1463.7 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

  • 246 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“246”

Context: COR26X-06

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 4.22

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

COR26X-06San Dimas · goldGrade: 2.94Grade Unit: g/tIntercept: 5.95 mView all details
Link to this fact

Identity

Hole ID
COR26X-06
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
2.94
Grade Unit
g/t
Intercept
5.95 m
True Width
4.22 m
From
588.75 m
To
594.7 m
Intercept Depth
588.75 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
COR26X-06:588.75-594.7
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
466
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 2.94 g/t gold is weak against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 17.5 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.94”

Context: COR26X-06

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 4.22

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

CMNE26X-02San Dimas · silverGrade: 588Grade Unit: g/tIntercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
CMNE26X-02
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
588
Grade Unit
g/t
Intercept
2.75 m
True Width
1.58 m
From
327 m
To
329.75 m
Intercept Depth
327 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
CMNE26X-02:327-329.75
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
1042
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 588 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 1617.0 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 588 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“588”

Context: CMNE26X-02

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.58

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

CMNE26X-02San Dimas · goldGrade: 6.05Grade Unit: g/tIntercept: 2.75 mView all details
Link to this fact

Identity

Hole ID
CMNE26X-02
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
6.05
Grade Unit
g/t
Intercept
2.75 m
True Width
1.58 m
From
327 m
To
329.75 m
Intercept Depth
327 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
CMNE26X-02:327-329.75
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
1042
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 6.05 g/t gold is moderate against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 16.6 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“6.05”

Context: CMNE26X-02

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.58

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

CMNE26X-04San Dimas · silverGrade: 175Grade Unit: g/tIntercept: 4.65 mView all details
Link to this fact

Identity

Hole ID
CMNE26X-04
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
175
Grade Unit
g/t
Intercept
4.65 m
True Width
3.42 m
From
303 m
To
307.65 m
Intercept Depth
303 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
CMNE26X-04:303-307.65
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
315
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 175 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 813.8 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“175”

Context: CMNE26X-04

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 3.42

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

CMNE26X-04San Dimas · goldGrade: 1.87Grade Unit: g/tIntercept: 4.65 mView all details
Link to this fact

Identity

Hole ID
CMNE26X-04
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
1.87
Grade Unit
g/t
Intercept
4.65 m
True Width
3.42 m
From
303 m
To
307.65 m
Intercept Depth
303 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
CMNE26X-04:303-307.65
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
315
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 1.87 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 8.7 g/t·m is below.

Negative factors

  • 1.87 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.87”

Context: CMNE26X-04

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 3.42

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

SJE26X-08San Dimas · silverGrade: 251Grade Unit: g/tIntercept: 3.35 mView all details
Link to this fact

Identity

Hole ID
SJE26X-08
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
251
Grade Unit
g/t
Intercept
3.35 m
True Width
2.57 m
From
310.7 m
To
314.05 m
Intercept Depth
310.7 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SJE26X-08:310.7-314.05
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
433
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 251 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 840.9 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 251 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“251”

Context: SJE26X-08

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 2.57

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

SJE26X-08San Dimas · goldGrade: 2.56Grade Unit: g/tIntercept: 3.35 mView all details
Link to this fact

Identity

Hole ID
SJE26X-08
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
2.56
Grade Unit
g/t
Intercept
3.35 m
True Width
2.57 m
From
310.7 m
To
314.05 m
Intercept Depth
310.7 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SJE26X-08:310.7-314.05
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
433
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 2.56 g/t gold is weak against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 8.6 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.56”

Context: SJE26X-08

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 2.57

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

SJE26X-10San Dimas · silverGrade: 281Grade Unit: g/tIntercept: 3.1 mView all details
Link to this fact

Identity

Hole ID
SJE26X-10
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
281
Grade Unit
g/t
Intercept
3.1 m
True Width
1.55 m
From
358.7 m
To
361.8 m
Intercept Depth
358.7 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SJE26X-10:358.7-361.8
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 281 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 871.1 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 281 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“281”

Context: SJE26X-10

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.55

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

SJE26X-10San Dimas · goldGrade: 2.81Grade Unit: g/tIntercept: 3.1 mView all details
Link to this fact

Identity

Hole ID
SJE26X-10
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
2.81
Grade Unit
g/t
Intercept
3.1 m
True Width
1.55 m
From
358.7 m
To
361.8 m
Intercept Depth
358.7 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
SJE26X-10:358.7-361.8
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
492
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 2.81 g/t gold is weak against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 8.7 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.81”

Context: SJE26X-10

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.55

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

LUZ26X-02San Dimas · silverGrade: 2625Grade Unit: g/tIntercept: 1.7 mView all details
Link to this fact

Identity

Hole ID
LUZ26X-02
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
2625
Grade Unit
g/t
Intercept
1.7 m
True Width
1.3 m
From
511.3 m
To
513 m
Intercept Depth
511.3 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
LUZ26X-02:511.3-513
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
6994
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 2625 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 4462.5 g/t·m is strong (grade alone is exceptional; the better of the two is used).

Positive factors

  • 2625 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2,625”

Context: LUZ26X-02

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.3

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

LUZ26X-02San Dimas · goldGrade: 58.25Grade Unit: g/tIntercept: 1.7 mView all details
Link to this fact

Identity

Hole ID
LUZ26X-02
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
58.25
Grade Unit
g/t
Intercept
1.7 m
True Width
1.3 m
From
511.3 m
To
513 m
Intercept Depth
511.3 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
LUZ26X-02:511.3-513
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
6994
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 58.25 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 99.0 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 58.25 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“58.25”

Context: LUZ26X-02

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.3

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

LUZ26X-03San Dimas · silverGrade: 1895Grade Unit: g/tIntercept: 2.2 mView all details
Link to this fact

Identity

Hole ID
LUZ26X-03
Project
San Dimas
Commodity
silver
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
1895
Grade Unit
g/t
Intercept
2.2 m
True Width
1.69 m
From
391.15 m
To
393.35 m
Intercept Depth
391.15 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
LUZ26X-03:391.15-393.35
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
4063
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 1895 g/t silver is exceptional against the default band [500, 200, 100, 30] g/t. Grade×width 4169.0 g/t·m is strong (grade alone is exceptional; the better of the two is used).

Positive factors

  • 1895 g/t silver is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1,895”

Context: LUZ26X-03

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.69

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

LUZ26X-03San Dimas · goldGrade: 28.91Grade Unit: g/tIntercept: 2.2 mView all details
Link to this fact

Identity

Hole ID
LUZ26X-03
Project
San Dimas
Commodity
gold
Region
mexico
Reported Region
mexico
Ticker
AG.TO

Geometry

Grade
28.91
Grade Unit
g/t
Intercept
2.2 m
True Width
1.69 m
From
391.15 m
To
393.35 m
Intercept Depth
391.15 m

Classification

Deposit Type
other
Sample Type
drill
Group ID
LUZ26X-03:391.15-393.35
Mining Method
underground

Location

CRS
UTM WGS84, Zone 13

QA/QC

Laboratory
First Majestic's Central Laboratory
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
4063
Metal Eq. Unit
g/t Eq
Assumptions Disclosed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Expanded from assay table. 28.91 g/t gold is exceptional against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 63.6 g/t·m is moderate (grade alone is exceptional; the better of the two is used).

Positive factors

  • 28.91 g/t gold is exceptional on the underground mining band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“28.91”

Context: LUZ26X-03

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1.69

QA/QC Disclosedpositive

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "With approximately 117,000 metres of drilling planned in 2026, we are advancing one of the Company's largest exploration"

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.