# Ibero Mining Reports Results From Deep Undercut Drill Hole At Miguel Vacas Mine Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7 Original source: https://money.tmx.com/en/quote/IMC/news/5565292706437822/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine Publisher: tmx Original announcement: 2024-11-21T18:25:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Ibero Mining Corp. - Ticker: IMC - Exchange: TSX - Region: Alentejo, Portugal - Primary commodity: Copper - Secondary commodities: Gold - Document categories: Drill results, Other - Extracted: 2026-08-21 09:07:28 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Ibero Mining reported successful deep undercut drilling at the Miguel Vacas mine, confirming depth extensions of copper mineralization. The drilling intercepted high-grade copper zones, including 19.9m at 0.89% Cu in hole \#11, supporting the potential for a large-scale deposit. Reasoning: Deep undercut drilling confirmed depth extensions of known mineralization with high-grade copper intercepts, supporting the company's target of a >20Mt resource. - Positive factor: depth extension confirmed - Positive factor: high-grade intercepts - Positive factor: strike extension potential - Positive factor: consistent mineralization Facts used in scoring: 11 ## Classification and evidence **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: Release mentions NI 43-101 compliance and a Qualified Person sign-off. Evidence · text > has been prepared in accordance with National Instrument 43-101 and approved for inclusion by Mr. José Mario Castelo Branco, EuroGeol, who is a "Qualified Person" **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling confirmed depth extensions of known mineralization. Evidence · text > confirmed the depth extensions of the known mineralization **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Hole \#1 intercepted 7.49% Cu, which is exceptionally high for this deposit type. Evidence · text > 9.0m grading 7.49% Cu ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Drill Results (11) ### 11 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-0) Miguel Vacas · copper #### Identity - Hole ID: 11 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 0.89 - Grade Unit: % - Intercept: 19.9 m - From: 270.7 m - To: 290.6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 11:270.7-290.6 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: Confirmed depth extension of known mineralization with a significant intercept. - Positive factor: depth extension confirmed Evidence · text > intercepted 19.9 m grading 0.89 % Cu ### 11 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-1) Miguel Vacas · copper #### Identity - Hole ID: 11 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 1.35 - Grade Unit: % - Intercept: 5 m - From: 270.7 m - To: 275.7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 11:270.7-275.7 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: High-grade sub-interval within the main intercept. - Positive factor: high-grade sub-interval Evidence · text > including 5.0 m grading 1.35% Cu ### 11 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-2) Miguel Vacas · copper #### Identity - Hole ID: 11 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 1.11 - Grade Unit: % - Intercept: 6.2 m - From: 281.7 m - To: 287.9 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 11:281.7-287.9 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: High-grade sub-interval within the main intercept. - Positive factor: high-grade sub-interval Evidence · text > and 6.2 m grading 1.11% Cu ### 1 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-3) Miguel Vacas · copper #### Identity - Hole ID: 1 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 2.76 - Grade Unit: % - Intercept: 22.8 m - From: 49.4 m - To: 72.2 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: Strong copper intercept with high-grade sub-interval. - Positive factor: exceptional grade Evidence · text > Hole \# 1 - 22.8m grading 2.76 % Cu , from 49.4m ### 1 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-4) Miguel Vacas · copper #### Identity - Hole ID: 1 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 7.49 - Grade Unit: % - Intercept: 9 m - From: 57.8 m - To: 66.8 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: Exceptionally high grade intercept. - Positive factor: Bonanza Intercept Evidence · text > with 9.0m grading 7.49% Cu from 57.8m ### 3 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-5) Miguel Vacas · copper #### Identity - Hole ID: 3 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 1.55 - Grade Unit: % - Intercept: 12.3 m - From: 66.6 m - To: 78.9 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: Solid copper intercept. - Positive factor: strong grade Evidence · text > Hole \# 3 - 12.3m grading 1.55% Cu , from 66.6m ### 4 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-6) Miguel Vacas · copper #### Identity - Hole ID: 4 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 2.56 - Grade Unit: % - Intercept: 10.5 m - From: 62 m - To: 72.5 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: Strong copper intercept. - Positive factor: strong grade Evidence · text > Hole \#4 - 10.5m grading 2.56 % Cu , from 62.0m ### 4 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-7) Miguel Vacas · copper #### Identity - Hole ID: 4 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 4.52 - Grade Unit: % - Intercept: 5 m - From: 62 m - To: 67 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: High-grade sub-interval within the main intercept. - Positive factor: high-grade sub-interval Evidence · text > with 5.0m grading 4.52% Cu , from 62.0m ### 8 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-8) Miguel Vacas · copper #### Identity - Hole ID: 8 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 1.06 - Grade Unit: % - Intercept: 14.1 m - From: 47 m - To: 61.1 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: Solid copper intercept. - Positive factor: strong grade Evidence · text > Hole \#8 - 14.1 m grading 1.06% Cu from 47.0m ### 8 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-9) Miguel Vacas · copper #### Identity - Hole ID: 8 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 1.81 - Grade Unit: % - Intercept: 6.9 m - From: 52.2 m - To: 59.1 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: High-grade sub-interval within the main intercept. - Positive factor: strong grade Evidence · text > with 6.9m grading 1.81% Cu , from 52.2m ### 9 [Link to this fact](https://atlas-staging.minestarters.com/news/ibero-mining-reports-results-from-deep-undercut-drill-hole-at-miguel-vacas-mine--e563d562-ec04-4aa9-b553-9e10e8122ce7#fact-drill-facts-10) Miguel Vacas · copper #### Identity - Hole ID: 9 - Project: Miguel Vacas - Commodity: copper - Region: alentejo, portugal - Reported Region: Alentejo, Portugal - Ticker: IMC #### Geometry - Grade: 1.15 - Grade Unit: % - Intercept: 7.9 m - From: 74.9 m - To: 82.8 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-11-21T00:00:00.000Z Reasoning: Solid copper intercept. - Positive factor: strong grade Evidence · text > Hole \#9 : 7.9m grading 1.15% Cu from 74.9m ## 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.