# Mineros S.A. Identifies New High-Grade Vein System at the Nicaragua Property's Xiloa Target - 8.3 m at 17.3 g/t Au - Confirms High-Grade Continuity at Leticia with 1.2 m at 271.3 g/t Au

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f

Original source: https://money.tmx.com/en/quote/MSA/news/4817828886786270/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi

Publisher: tmx

Original announcement: 2026-05-26T11:01:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Mineros S.A.

- Ticker: MSA

- Exchange: TSX

- Region: Nicaragua

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Drill results, Resource update

- Extracted: 2026-08-25 22:38:16 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Mineros S.A. announced strong drill results from its 2026 campaign at the Nicaragua Property, highlighted by the discovery of a new high-grade vein system at Xiloa with 8.3 m at 17.3 g/t Au. The company also confirmed high-grade continuity at the Leticia vein system, including an exceptional intercept of 1.2 m at 271.3 g/t Au, and reported positive infill drilling results at the Panamá Mine to support mine planning. All results are reported as core lengths with true widths currently unknown.

Reasoning: Mineros S.A. reports highly positive drill results from its Nicaragua Property, including the discovery of a new high-grade vein system at Xiloa and exceptional gold grades at Leticia, demonstrating significant exploration success and resource growth potential. Infill drilling at Panamá Mine also confirms grade continuity for near-term production. The lack of true width information is a minor detractor.

- Positive factor: Discovery of a new high-grade vein system at Xiloa

- Positive factor: Exceptional high-grade gold intercepts at Leticia

- Positive factor: Extension of mineralization at La Reforma NE

- Positive factor: Confirmation of grade continuity for mine planning at Panamá Mine

- Positive factor: Comprehensive QA/QC disclosure and QP sign-off

- Negative factor: True widths are currently unknown for all reported intercepts

Facts used in scoring: 124

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The intercept of 1.2 m at 271.3 g/t Au is exceptionally high-grade, well above the exceptional threshold for epithermal gold deposits.

Evidence · text

> 1.2 m at 271.3 g/t Au

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The intercept of 1.9 m at 74.6 g/t Au is exceptionally high-grade, well above the exceptional threshold for epithermal gold deposits.

Evidence · text

> 1.9 m at 74.6 g/t Au

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The intercept of 0.9 m at 133.0 g/t Au is exceptionally high-grade, well above the exceptional threshold for epithermal gold deposits.

Evidence · text

> 0.9 m at 133.0 g/t Au

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The intercept of 0.6 m at 58.7 g/t Au is exceptionally high-grade, well above the exceptional threshold for epithermal gold deposits.

Evidence · text

> 0.6m at 58.7 g/t Au

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The intercept of 0.5 m at 55.3 g/t Au is exceptionally high-grade, well above the exceptional threshold for epithermal gold deposits.

Evidence · table

> 55.3

Context: 0.5

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The intercept of 0.5 m at 45.9 g/t Au is exceptionally high-grade, well above the exceptional threshold for epithermal gold deposits.

Evidence · table

> 45.9

Context: 0.5

**Apparent Width Only**

Polarity: negative

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

Why it applies: The document explicitly states that 'true widths are currently unknown' for all reported core lengths.

Evidence · text

> \*Core lengths; true widths are currently unknown. Grades are reported as uncut.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling at Xiloa is described as 'first-pass discovery' and 'step-out drilling' is planned to target strike and depth extensions.

Evidence · text

> Xiloa demonstrates the potential of what a robust drilling program can deliver — a first-pass discovery, in our own backyard, sitting within reach of existing infrastructure.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling at Leticia and La Reforma is explicitly referred to as 'step-out drilling' to extend mineralization.

Evidence · text

> extending the main vein systems through step-out drilling

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: The release includes a dedicated section detailing the laboratory used, chain of custody, assay methods, and insertion of certified reference materials, blanks, and field duplicates.

Evidence · text

> Quality Assurance, Quality Control, and Data Verification Results from samples taken during the 2026 drilling program were analyzed at ALS Global Peru. The sampling program was conducted under the direction of Carlos David Rios \(Geo.Eng.\), VP Exploration for Mineros. A secure chain of custody was maintained for delivery to ALS Global in Managua for preparation and subsequently to Lima, Peru for geochemical analysis. Gold was assayed using fire assay \(30 g aliquot\) with an atomic absorption finish and gravimetric finish for results over 10 ppm. Analysis by aqua regia digestion with a 51-element ICP-ES/MS suite was conducted on all samples. Quality control measures included the systematic insertion of certified reference materials, blanks, and field duplicates.

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Carlos David Rios, MAusIMM CP \(Geo\), VP Exploration for Mineros S.A. is named as a qualified person under NI 43-101 who reviewed and verified the technical information.

Evidence · text

> Carlos David Rios, MAusIMM CP \(Geo\), VP Exploration for Mineros S.A. a qualified person under National Instrument 43-101, has reviewed and verified the technical information contained in this news release.

**Infill Drilling**

Polarity: neutral

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

Why it applies: Drilling at Panamá Mine is explicitly described as 'infill delineation' and 'tightening drill spacing' with the objective of converting Inferred to Indicated Mineral Resources and supporting Mineral Reserve estimation.

Evidence · text

> infill delineation at Panamá and Pioneer, advancing the Company’s goal of increasing Mineral Resources and Mineral Reserves across the Nicaragua land package.

## Extracted facts

Stored fact records: 124. Some facts used in scoring do not have a stored record.

## Drill Results (124)

### BXIDDH\_26\_001

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-0)

Xiloa Target · gold

#### Identity

- Hole ID: BXIDDH\_26\_001
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 17.3
- Grade Unit: g/t
- Intercept: 8.3 m
- From: 329.7 m
- To: 338 m
- Intercept Depth: 329.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BXIDDH\_26\_001:329.7-338.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This is a high-grade and significant intercept from a newly discovered vein system, indicating strong exploration success and potential for resource addition near existing infrastructure. The lack of true width is a minor negative.

- Positive factor: High-grade gold intercept \(17.3 g/t Au\)

- Positive factor: Significant intercept length \(8.3 m\)

- Positive factor: Part of a new vein system discovery at Xiloa

- Positive factor: Located near existing infrastructure

- Negative factor: True width currently unknown

Evidence · table

> 17.3

Context: 8.3

### BXIDDH\_26\_001

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-1)

Xiloa Target · silver

#### Identity

- Hole ID: BXIDDH\_26\_001
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 11.9
- Grade Unit: g/t
- Intercept: 8.3 m
- From: 329.7 m
- To: 338 m
- Intercept Depth: 329.7 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BXIDDH\_26\_001:329.7-338.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from a significant new gold discovery, adding to the overall value of the intercept. The lack of true width is a minor negative.

- Positive factor: Silver grades complement primary gold mineralization

- Positive factor: Part of a new vein system discovery at Xiloa

- Negative factor: True width currently unknown

Evidence · table

> 11.9

Context: 8.3

### BXIDDH\_26\_001

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-2)

Xiloa Target · gold

#### Identity

- Hole ID: BXIDDH\_26\_001
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 58.7
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 332.9 m
- To: 333.6 m
- Intercept Depth: 332.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BXIDDH\_26\_001:332.9-333.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval significantly enhances the overall value of the new Xiloa discovery, despite its narrow width. The lack of true width is a minor negative.

- Positive factor: Exceptional high-grade gold intercept \(58.7 g/t Au\)

- Positive factor: Confirms very high-grade core within the broader intercept

- Positive factor: Part of a new vein system discovery at Xiloa

- Negative factor: Narrow intercept length \(0.6 m\)

- Negative factor: True width currently unknown

Evidence · table

> 58.7

Context: 0.6

### BXIDDH\_26\_001

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-3)

Xiloa Target · silver

#### Identity

- Hole ID: BXIDDH\_26\_001
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 25.9
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 332.9 m
- To: 333.6 m
- Intercept Depth: 332.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BXIDDH\_26\_001:332.9-333.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this narrow, high-grade sub-interval add significant value to the new Xiloa discovery. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement bonanza gold grades

- Positive factor: Part of a new vein system discovery at Xiloa

- Negative factor: Narrow intercept length \(0.6 m\)

- Negative factor: True width currently unknown

Evidence · table

> 25.9

Context: 0.6

### BBONDD\_26\_0053

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-4)

Xiloa Target · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBONDD\_26\_0053
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 6.7
- Grade Unit: g/t
- Intercept: 5.2 m
- From: 205.9 m
- To: 211.1 m
- Intercept Depth: 205.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0053:205.9-211.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept confirms the lateral continuity of the newly discovered Xiloa vein system with strong gold grades over a good width, supporting the project's exploration potential. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(6.7 g/t Au\)

- Positive factor: Good intercept length \(5.2 m\)

- Positive factor: Confirms lateral continuity of the new Xiloa vein system

- Negative factor: True width currently unknown

Evidence · table

> 6.7

Context: 5.2

### BBONDD\_26\_0053

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-5)

Xiloa Target · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBONDD\_26\_0053
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 11.2
- Grade Unit: g/t
- Intercept: 5.2 m
- From: 205.9 m
- To: 211.1 m
- Intercept Depth: 205.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0053:205.9-211.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an intercept confirming the lateral continuity of the new Xiloa vein system. The lack of true width is a minor negative.

- Positive factor: Silver grades complement primary gold mineralization

- Positive factor: Confirms lateral continuity of the new Xiloa vein system

- Negative factor: True width currently unknown

Evidence · table

> 11.2

Context: 5.2

### BBONDD\_26\_0053

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-6)

Xiloa Target · gold

#### Identity

- Hole ID: BBONDD\_26\_0053
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 16.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 209.2 m
- To: 209.7 m
- Intercept Depth: 209.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0053:209.2-209.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This high-grade sub-interval confirms a high-grade core within the broader intercept, reinforcing the quality of the new Xiloa vein system. The narrow width and unknown true width are minor negatives.

- Positive factor: High-grade gold intercept \(16.7 g/t Au\)

- Positive factor: Confirms high-grade core within the broader intercept

- Positive factor: Supports lateral continuity of the new Xiloa vein system

- Negative factor: Narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 16.7

Context: 0.5

### BBONDD\_26\_0053

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-7)

Xiloa Target · silver

#### Identity

- Hole ID: BBONDD\_26\_0053
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 14
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 209.2 m
- To: 209.7 m
- Intercept Depth: 209.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0053:209.2-209.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades in this narrow, high-grade sub-interval add to the overall positive results from the new Xiloa vein system. The narrow width and unknown true width are minor negatives.

- Positive factor: Silver grades complement high-grade gold mineralization

- Positive factor: Supports lateral continuity of the new Xiloa vein system

- Negative factor: Narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 14.0

Context: 0.5

### BBONDD\_26\_0054

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-8)

Xiloa Target · gold

#### Identity

- Hole ID: BBONDD\_26\_0054
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 6.5
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 381.2 m
- To: 381.7 m
- Intercept Depth: 381.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0054:381.2-381.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows strong gold grades but is very narrow, limiting its individual materiality. It still contributes to defining the extent of the new Xiloa vein system. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(6.5 g/t Au\)

- Positive factor: Contributes to defining the new Xiloa vein system

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 6.5

Context: 0.5

### BBONDD\_26\_0054

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-9)

Xiloa Target · silver

#### Identity

- Hole ID: BBONDD\_26\_0054
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 5.8
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 381.2 m
- To: 381.7 m
- Intercept Depth: 381.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0054:381.2-381.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct but the intercept is very narrow, limiting its individual materiality. It still helps define the new Xiloa vein system. The lack of true width is a minor negative.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Contributes to defining the new Xiloa vein system

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 5.8

Context: 0.5

### BBONDD\_26\_0051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-10)

Xiloa Target · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBONDD\_26\_0051
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 6.2
- Grade Unit: g/t
- Intercept: 2.2 m
- From: 212.8 m
- To: 215 m
- Intercept Depth: 212.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0051:212.8-215.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept confirms the lateral continuity of the newly discovered Xiloa vein system with strong gold grades, supporting the project's exploration potential. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(6.2 g/t Au\)

- Positive factor: Confirms lateral continuity of the new Xiloa vein system

- Negative factor: True width currently unknown

Evidence · table

> 6.2

Context: 2.2

### BBONDD\_26\_0051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-11)

Xiloa Target · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BBONDD\_26\_0051
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 9.2
- Grade Unit: g/t
- Intercept: 2.2 m
- From: 212.8 m
- To: 215 m
- Intercept Depth: 212.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0051:212.8-215.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an intercept confirming the lateral continuity of the new Xiloa vein system. The lack of true width is a minor negative.

- Positive factor: Silver grades complement primary gold mineralization

- Positive factor: Confirms lateral continuity of the new Xiloa vein system

- Negative factor: True width currently unknown

Evidence · table

> 9.2

Context: 2.2

### BBONDD\_26\_0051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-12)

Xiloa Target · gold

#### Identity

- Hole ID: BBONDD\_26\_0051
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 20.7
- Grade Unit: g/t
- Intercept: 0.4 m
- From: 214.2 m
- To: 214.6 m
- Intercept Depth: 214.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0051:214.2-214.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This high-grade sub-interval confirms a high-grade core within the broader intercept, reinforcing the quality of the new Xiloa vein system. The very narrow width and unknown true width are minor negatives.

- Positive factor: High-grade gold intercept \(20.7 g/t Au\)

- Positive factor: Confirms high-grade core within the broader intercept

- Positive factor: Supports lateral continuity of the new Xiloa vein system

- Negative factor: Very narrow intercept length \(0.4 m\)

- Negative factor: True width currently unknown

Evidence · table

> 20.7

Context: 0.4

### BBONDD\_26\_0051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-13)

Xiloa Target · silver

#### Identity

- Hole ID: BBONDD\_26\_0051
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 15.6
- Grade Unit: g/t
- Intercept: 0.4 m
- From: 214.2 m
- To: 214.6 m
- Intercept Depth: 214.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0051:214.2-214.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this very narrow, high-grade sub-interval add to the overall positive results from the new Xiloa vein system. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement high-grade gold mineralization

- Positive factor: Supports lateral continuity of the new Xiloa vein system

- Negative factor: Very narrow intercept length \(0.4 m\)

- Negative factor: True width currently unknown

Evidence · table

> 15.6

Context: 0.4

### BBONDD\_26\_0052

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-14)

Xiloa Target · gold

#### Identity

- Hole ID: BBONDD\_26\_0052
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 3.7
- Grade Unit: g/t
- Intercept: 4.9 m
- From: 331.6 m
- To: 336.5 m
- Intercept Depth: 331.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0052:331.6-336.5
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept provides moderate gold grades over a good width, contributing to the understanding of the new Xiloa vein system. The lack of true width is a minor negative.

- Positive factor: Moderate gold grade \(3.7 g/t Au\)

- Positive factor: Good intercept length \(4.9 m\)

- Positive factor: Contributes to defining the new Xiloa vein system

- Negative factor: True width currently unknown

Evidence · table

> 3.7

Context: 4.9

### BBONDD\_26\_0052

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-15)

Xiloa Target · silver

#### Identity

- Hole ID: BBONDD\_26\_0052
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 4.5
- Grade Unit: g/t
- Intercept: 4.9 m
- From: 331.6 m
- To: 336.5 m
- Intercept Depth: 331.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0052:331.6-336.5
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an intercept contributing to the understanding of the new Xiloa vein system. The lack of true width is a minor negative.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Contributes to defining the new Xiloa vein system

- Negative factor: True width currently unknown

Evidence · table

> 4.5

Context: 4.9

### BBONDD\_26\_0052

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-16)

Xiloa Target · gold

#### Identity

- Hole ID: BBONDD\_26\_0052
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.2
- Grade Unit: g/t
- Intercept: 1 m
- From: 334.5 m
- To: 335.5 m
- Intercept Depth: 334.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0052:334.5-335.5
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows strong gold grades within a higher-grade core, supporting the definition of the new Xiloa vein system. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(8.2 g/t Au\)

- Positive factor: Confirms higher-grade core within the broader intercept

- Positive factor: Supports definition of the new Xiloa vein system

- Negative factor: True width currently unknown

Evidence · table

> 8.2

Context: 1.0

### BBONDD\_26\_0052

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-17)

Xiloa Target · silver

#### Identity

- Hole ID: BBONDD\_26\_0052
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 5.9
- Grade Unit: g/t
- Intercept: 1 m
- From: 334.5 m
- To: 335.5 m
- Intercept Depth: 334.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BBONDD\_26\_0052:334.5-335.5
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an intercept supporting the definition of the new Xiloa vein system. The lack of true width is a minor negative.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Supports definition of the new Xiloa vein system

- Negative factor: True width currently unknown

Evidence · table

> 5.9

Context: 1.0

### BLDDH\_26\_050

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-18)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BLDDH\_26\_050
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 271.3
- Grade Unit: g/t
- Intercept: 1.2 m
- From: 90.8 m
- To: 92 m
- Intercept Depth: 90.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_050:90.8-92.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This is an outstanding bonanza-grade gold intercept that confirms high-grade continuity at the Leticia vein system, representing a highly material and novel result despite its narrow width and unknown true width.

- Positive factor: Exceptional bonanza-grade gold intercept \(271.3 g/t Au\)

- Positive factor: Confirms high-grade continuity at Leticia vein system

- Positive factor: Shallow depth \(90.8 m\)

- Negative factor: Narrow intercept length \(1.2 m\)

- Negative factor: True width currently unknown

Evidence · table

> 271.3

Context: 1.2

### BLDDH\_26\_050

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-19)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BLDDH\_26\_050
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 80.7
- Grade Unit: g/t
- Intercept: 1.2 m
- From: 90.8 m
- To: 92 m
- Intercept Depth: 90.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_050:90.8-92.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this narrow, bonanza-grade intercept add significant value and confirm high-grade continuity at the Leticia vein system. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement bonanza gold grades

- Positive factor: Confirms high-grade continuity at Leticia vein system

- Negative factor: Narrow intercept length \(1.2 m\)

- Negative factor: True width currently unknown

Evidence · table

> 80.7

Context: 1.2

### BLDDH\_26\_052

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-20)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BLDDH\_26\_052
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 20.4
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 85.5 m
- To: 87 m
- Intercept Depth: 85.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_052:85.5-87.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This exceptional high-grade gold intercept defines a new structural corridor, indicating significant exploration potential at shallow depths. The narrow width and unknown true width are minor negatives.

- Positive factor: Exceptional high-grade gold intercept \(20.4 g/t Au\)

- Positive factor: Defines a new structural corridor at Leticia North footwall splay

- Positive factor: Shallow depth \(85.5 m\)

- Negative factor: Narrow intercept length \(1.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 20.4

Context: 1.5

### BLDDH\_26\_052

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-21)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BLDDH\_26\_052
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 7.9
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 85.5 m
- To: 87 m
- Intercept Depth: 85.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_052:85.5-87.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades in this narrow, high-grade intercept add value and contribute to defining a new structural corridor. The lack of true width is a minor negative.

- Positive factor: Silver grades complement high-grade gold mineralization

- Positive factor: Defines a new structural corridor at Leticia North footwall splay

- Negative factor: Narrow intercept length \(1.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 7.9

Context: 1.5

### BLDDH\_26\_052

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-22)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BLDDH\_26\_052
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 55.3
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 86.5 m
- To: 87 m
- Intercept Depth: 86.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_052:86.5-87.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval confirms a very high-grade core within the broader intercept, significantly enhancing the potential of the new structural corridor. The very narrow width and unknown true width are minor negatives.

- Positive factor: Exceptional high-grade gold intercept \(55.3 g/t Au\)

- Positive factor: Confirms very high-grade core within the broader intercept

- Positive factor: Supports definition of a new structural corridor

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 55.3

Context: 0.5

### BLDDH\_26\_052

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-23)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BLDDH\_26\_052
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 21.1
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 86.5 m
- To: 87 m
- Intercept Depth: 86.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_052:86.5-87.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this very narrow, high-grade sub-interval add significant value and support the definition of a new structural corridor. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement bonanza gold grades

- Positive factor: Supports definition of a new structural corridor

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 21.1

Context: 0.5

### BLDDH\_26\_051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-24)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BLDDH\_26\_051
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 16.4
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 69.1 m
- To: 70.1 m
- Intercept Depth: 69.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_051:69.1-70.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This high-grade gold intercept defines a new structural corridor at very shallow depths, indicating significant exploration potential. The narrow width and unknown true width are minor negatives.

- Positive factor: High-grade gold intercept \(16.4 g/t Au\)

- Positive factor: Defines a new structural corridor at Leticia North footwall splay

- Positive factor: Very shallow depth \(69.1 m\)

- Negative factor: Narrow intercept length \(0.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 16.4

Context: 0.9

### BLDDH\_26\_051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-25)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BLDDH\_26\_051
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 13.9
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 69.1 m
- To: 70.1 m
- Intercept Depth: 69.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_051:69.1-70.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades in this narrow, high-grade intercept add value and contribute to defining a new structural corridor. The lack of true width is a minor negative.

- Positive factor: Silver grades complement high-grade gold mineralization

- Positive factor: Defines a new structural corridor at Leticia North footwall splay

- Negative factor: Narrow intercept length \(0.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 13.9

Context: 0.9

### BLDDH\_26\_051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-26)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BLDDH\_26\_051
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 3.2
- Grade Unit: g/t
- Intercept: 1.2 m
- From: 72.4 m
- To: 73.7 m
- Intercept Depth: 72.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_051:72.4-73.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows moderate gold grades at shallow depth, contributing to the overall understanding of the Leticia North vein system. The narrow width and unknown true width are minor negatives.

- Positive factor: Moderate gold grade \(3.2 g/t Au\)

- Positive factor: Shallow depth \(72.4 m\)

- Negative factor: Narrow intercept length \(1.2 m\)

- Negative factor: True width currently unknown

Evidence · table

> 3.2

Context: 1.2

### BLDDH\_26\_051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-27)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BLDDH\_26\_051
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 5.3
- Grade Unit: g/t
- Intercept: 1.2 m
- From: 72.4 m
- To: 73.7 m
- Intercept Depth: 72.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_051:72.4-73.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an intercept showing moderate gold grades. The narrow width and unknown true width are minor negatives.

- Positive factor: Silver grades complement gold mineralization

- Negative factor: Narrow intercept length \(1.2 m\)

- Negative factor: True width currently unknown

Evidence · table

> 5.3

Context: 1.2

### BLDDH\_26\_050

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-28)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BLDDH\_26\_050
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 74.6
- Grade Unit: g/t
- Intercept: 1.9 m
- From: 218.6 m
- To: 220.6 m
- Intercept Depth: 218.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_050:218.6-220.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This is another exceptional bonanza-grade gold intercept, confirming a second high-grade shoot at depth in the Leticia vein system, which is highly material and novel despite its narrow width and unknown true width.

- Positive factor: Exceptional bonanza-grade gold intercept \(74.6 g/t Au\)

- Positive factor: Confirms a second distinct high-grade shoot at depth in Leticia

- Negative factor: Narrow intercept length \(1.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 74.6

Context: 1.9

### BLDDH\_26\_050

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-29)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BLDDH\_26\_050
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 15.6
- Grade Unit: g/t
- Intercept: 1.9 m
- From: 218.6 m
- To: 220.6 m
- Intercept Depth: 218.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_050:218.6-220.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this narrow, bonanza-grade intercept add significant value and confirm a second high-grade shoot at depth in the Leticia vein system. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement bonanza gold grades

- Positive factor: Confirms a second distinct high-grade shoot at depth in Leticia

- Negative factor: Narrow intercept length \(1.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 15.6

Context: 1.9

### BLDDH\_26\_050

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-30)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BLDDH\_26\_050
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 133
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 218.6 m
- To: 219.6 m
- Intercept Depth: 218.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_050:218.6-219.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval confirms a very high-grade core within the second high-grade shoot at Leticia, significantly enhancing the overall potential of the vein system. The narrow width and unknown true width are minor negatives.

- Positive factor: Exceptional bonanza-grade gold intercept \(133.0 g/t Au\)

- Positive factor: Confirms very high-grade core within the second high-grade shoot at Leticia

- Negative factor: Narrow intercept length \(0.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 133.0

Context: 0.9

### BLDDH\_26\_050

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-31)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BLDDH\_26\_050
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 28.1
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 218.6 m
- To: 219.6 m
- Intercept Depth: 218.6 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_050:218.6-219.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this narrow, bonanza-grade sub-interval add significant value and confirm a very high-grade core within the second high-grade shoot at Leticia. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement bonanza gold grades

- Positive factor: Confirms very high-grade core within the second high-grade shoot at Leticia

- Negative factor: Narrow intercept length \(0.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 28.1

Context: 0.9

### BLDDH\_26\_051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-32)

Porvenir Polymetallic District · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BLDDH\_26\_051
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 2.8
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 312 m
- To: 313.4 m
- Intercept Depth: 312 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_051:312.0-313.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows moderate gold grades over a narrow width, contributing to the overall understanding of the Leticia vein system. The narrow width and unknown true width are minor negatives.

- Positive factor: Moderate gold grade \(2.8 g/t Au\)

- Negative factor: Narrow intercept length \(1.4 m\)

- Negative factor: True width currently unknown

Evidence · table

> 2.8

Context: 1.4

### BLDDH\_26\_051

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-33)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BLDDH\_26\_051
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 18.5
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 312 m
- To: 313.4 m
- Intercept Depth: 312 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLDDH\_26\_051:312.0-313.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades are a positive byproduct from an intercept showing moderate gold grades. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement gold mineralization

- Negative factor: Narrow intercept length \(1.4 m\)

- Negative factor: True width currently unknown

Evidence · table

> 18.5

Context: 1.4

### BAPDDH\_26\_011

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-34)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BAPDDH\_26\_011
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 3.6
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 231 m
- To: 231.9 m
- Intercept Depth: 231 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_011:231.0-231.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows moderate gold grades over a narrow width, contributing to the understanding of the Apoyo Vein System. The narrow width and unknown true width are minor negatives.

- Positive factor: Moderate gold grade \(3.6 g/t Au\)

- Positive factor: Contributes to defining the Apoyo Vein System

- Negative factor: Narrow intercept length \(0.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 3.6

Context: 0.9

### BAPDDH\_26\_011

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-35)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BAPDDH\_26\_011
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 20
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 231 m
- To: 231.9 m
- Intercept Depth: 231 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_011:231.0-231.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades are a positive byproduct from an intercept contributing to the understanding of the Apoyo Vein System. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Contributes to defining the Apoyo Vein System

- Negative factor: Narrow intercept length \(0.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 20.0

Context: 0.9

### BAPDDH\_26\_013

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-36)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BAPDDH\_26\_013
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 3
- Grade Unit: g/t
- Intercept: 5.9 m
- From: 232 m
- To: 237.8 m
- Intercept Depth: 232 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_013:232.0-237.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows moderate gold grades over a good width, contributing to the understanding of the Apoyo Vein System. The lack of true width is a minor negative.

- Positive factor: Moderate gold grade \(3.0 g/t Au\)

- Positive factor: Good intercept length \(5.9 m\)

- Positive factor: Contributes to defining the Apoyo Vein System

- Negative factor: True width currently unknown

Evidence · table

> 3.0

Context: 5.9

### BAPDDH\_26\_013

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-37)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BAPDDH\_26\_013
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 10.3
- Grade Unit: g/t
- Intercept: 5.9 m
- From: 232 m
- To: 237.8 m
- Intercept Depth: 232 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_013:232.0-237.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an intercept contributing to the understanding of the Apoyo Vein System. The lack of true width is a minor negative.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Contributes to defining the Apoyo Vein System

- Negative factor: True width currently unknown

Evidence · table

> 10.3

Context: 5.9

### BAPDDH\_26\_013

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-38)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BAPDDH\_26\_013
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 4.2
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 237.1 m
- To: 237.8 m
- Intercept Depth: 237.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_013:237.1-237.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows moderate gold grades within a higher-grade core, supporting the definition of the Apoyo Vein System. The very narrow width and unknown true width are minor negatives.

- Positive factor: Moderate gold grade \(4.2 g/t Au\)

- Positive factor: Confirms higher-grade core within the broader intercept

- Positive factor: Supports definition of the Apoyo Vein System

- Negative factor: Very narrow intercept length \(0.7 m\)

- Negative factor: True width currently unknown

Evidence · table

> 4.2

Context: 0.7

### BAPDDH\_26\_013

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-39)

Porvenir Polymetallic District · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BAPDDH\_26\_013
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 2.8
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 237.1 m
- To: 237.8 m
- Intercept Depth: 237.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_013:237.1-237.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an intercept supporting the definition of the Apoyo Vein System. The very narrow width and unknown true width are minor negatives.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Supports definition of the Apoyo Vein System

- Negative factor: Very narrow intercept length \(0.7 m\)

- Negative factor: True width currently unknown

Evidence · table

> 2.8

Context: 0.7

### BAPDDH\_26\_012

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-40)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BAPDDH\_26\_012
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 3.4
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 174.9 m
- To: 176.3 m
- Intercept Depth: 174.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_012:174.9-176.3
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows moderate gold grades over a narrow width, contributing to the understanding of the Apoyo Vein System. The narrow width and unknown true width are minor negatives.

- Positive factor: Moderate gold grade \(3.4 g/t Au\)

- Positive factor: Contributes to defining the Apoyo Vein System

- Negative factor: Narrow intercept length \(1.4 m\)

- Negative factor: True width currently unknown

Evidence · table

> 3.4

Context: 1.4

### BAPDDH\_26\_012

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-41)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BAPDDH\_26\_012
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.7
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 174.9 m
- To: 176.3 m
- Intercept Depth: 174.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_012:174.9-176.3
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an intercept contributing to the understanding of the Apoyo Vein System. The narrow width and unknown true width are minor negatives.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Contributes to defining the Apoyo Vein System

- Negative factor: Narrow intercept length \(1.4 m\)

- Negative factor: True width currently unknown

Evidence · table

> 8.7

Context: 1.4

### BAPDDH\_26\_012

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-42)

Porvenir Polymetallic District · gold

#### Identity

- Hole ID: BAPDDH\_26\_012
- Project: Porvenir Polymetallic District
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.1
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 175.8 m
- To: 176.3 m
- Intercept Depth: 175.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_012:175.8-176.3
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows strong gold grades within a higher-grade core, supporting the definition of the Apoyo Vein System. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong gold grade \(8.1 g/t Au\)

- Positive factor: Confirms higher-grade core within the broader intercept

- Positive factor: Supports definition of the Apoyo Vein System

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 8.1

Context: 0.5

### BAPDDH\_26\_012

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-43)

Porvenir Polymetallic District · silver

#### Identity

- Hole ID: BAPDDH\_26\_012
- Project: Porvenir Polymetallic District
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 16.4
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 175.8 m
- To: 176.3 m
- Intercept Depth: 175.8 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BAPDDH\_26\_012:175.8-176.3
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades are a positive byproduct from an intercept supporting the definition of the Apoyo Vein System. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Supports definition of the Apoyo Vein System

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 16.4

Context: 0.5

### BLRDDH\_26\_003

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-44)

Pioneer Mine · gold

#### Identity

- Hole ID: BLRDDH\_26\_003
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 15.3
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 213.4 m
- To: 214.9 m
- Intercept Depth: 213.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLRDDH\_26\_003:213.4-214.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This exceptional high-grade gold intercept represents a successful step-out, extending known mineralization significantly beyond the current resource boundary, which is highly material and novel despite its narrow width and unknown true width.

- Positive factor: Exceptional high-grade gold intercept \(15.3 g/t Au\)

- Positive factor: Extends mineralization 100m beyond current resource limit at La Reforma NE

- Positive factor: Step-out drilling success

- Negative factor: Narrow intercept length \(1.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 15.3

Context: 1.5

### BLRDDH\_26\_003

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-45)

Pioneer Mine · silver

#### Identity

- Hole ID: BLRDDH\_26\_003
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 14
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 213.4 m
- To: 214.9 m
- Intercept Depth: 213.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLRDDH\_26\_003:213.4-214.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this narrow, high-grade intercept add significant value and confirm the extension of mineralization at La Reforma NE. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement high-grade gold mineralization

- Positive factor: Extends mineralization at La Reforma NE

- Negative factor: Narrow intercept length \(1.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 14.0

Context: 1.5

### BLRDDH\_26\_003

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-46)

Pioneer Mine · gold

#### Identity

- Hole ID: BLRDDH\_26\_003
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 45.9
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 213.4 m
- To: 213.9 m
- Intercept Depth: 213.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLRDDH\_26\_003:213.4-213.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval confirms a very high-grade core within the extended mineralization at La Reforma NE, significantly enhancing the overall potential. The very narrow width and unknown true width are minor negatives.

- Positive factor: Exceptional bonanza-grade gold intercept \(45.9 g/t Au\)

- Positive factor: Confirms very high-grade core within the extended mineralization at La Reforma NE

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 45.9

Context: 0.5

### BLRDDH\_26\_003

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-47)

Pioneer Mine · silver

#### Identity

- Hole ID: BLRDDH\_26\_003
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 41.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 213.4 m
- To: 213.9 m
- Intercept Depth: 213.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLRDDH\_26\_003:213.4-213.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this very narrow, bonanza-grade sub-interval add significant value and confirm a very high-grade core within the extended mineralization at La Reforma NE. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement bonanza gold grades

- Positive factor: Confirms very high-grade core within the extended mineralization at La Reforma NE

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 41.7

Context: 0.5

### BPIODD\_26\_2267

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-48)

Pioneer Mine · gold

#### Identity

- Hole ID: BPIODD\_26\_2267
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 11.3
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 260.9 m
- To: 262.4 m
- Intercept Depth: 260.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BPIODD\_26\_2267:260.9-262.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This high-grade gold intercept supports the successful extension of La Reforma mineralization at depth, indicating continued exploration potential. The narrow width and unknown true width are minor negatives.

- Positive factor: High-grade gold intercept \(11.3 g/t Au\)

- Positive factor: Supports extension of La Reforma mineralization at depth

- Positive factor: Step-out drilling success

- Negative factor: Narrow intercept length \(1.4 m\)

- Negative factor: True width currently unknown

Evidence · table

> 11.3

Context: 1.4

### BPIODD\_26\_2267

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-49)

Pioneer Mine · silver

#### Identity

- Hole ID: BPIODD\_26\_2267
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 12.1
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 260.9 m
- To: 262.4 m
- Intercept Depth: 260.9 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BPIODD\_26\_2267:260.9-262.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades in this narrow, high-grade intercept add value and support the extension of La Reforma mineralization at depth. The lack of true width is a minor negative.

- Positive factor: Silver grades complement high-grade gold mineralization

- Positive factor: Supports extension of La Reforma mineralization at depth

- Negative factor: Narrow intercept length \(1.4 m\)

- Negative factor: True width currently unknown

Evidence · table

> 12.1

Context: 1.4

### BLRDDH\_26\_002

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-50)

Pioneer Mine · gold

#### Identity

- Hole ID: BLRDDH\_26\_002
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 5.1
- Grade Unit: g/t
- Intercept: 2.2 m
- From: 287 m
- To: 289.2 m
- Intercept Depth: 287 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLRDDH\_26\_002:287.0-289.2
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows strong gold grades and supports the successful extension of La Reforma mineralization at depth, indicating continued exploration potential. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(5.1 g/t Au\)

- Positive factor: Supports extension of La Reforma mineralization at depth

- Positive factor: Step-out drilling success

- Negative factor: True width currently unknown

Evidence · table

> 5.1

Context: 2.2

### BLRDDH\_26\_002

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-51)

Pioneer Mine · silver

#### Identity

- Hole ID: BLRDDH\_26\_002
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 30.1
- Grade Unit: g/t
- Intercept: 2.2 m
- From: 287 m
- To: 289.2 m
- Intercept Depth: 287 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLRDDH\_26\_002:287.0-289.2
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this intercept add value and support the extension of La Reforma mineralization at depth. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Supports extension of La Reforma mineralization at depth

- Negative factor: True width currently unknown

Evidence · table

> 30.1

Context: 2.2

### BLRDDH\_26\_002

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-52)

Pioneer Mine · gold

#### Identity

- Hole ID: BLRDDH\_26\_002
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.2
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 287.5 m
- To: 288.2 m
- Intercept Depth: 287.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLRDDH\_26\_002:287.5-288.2
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This intercept shows strong gold grades within a higher-grade core, supporting the extension of La Reforma mineralization. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong gold grade \(8.2 g/t Au\)

- Positive factor: Confirms higher-grade core within the extended mineralization at La Reforma

- Negative factor: Very narrow intercept length \(0.7 m\)

- Negative factor: True width currently unknown

Evidence · table

> 8.2

Context: 0.7

### BLRDDH\_26\_002

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-53)

Pioneer Mine · silver

#### Identity

- Hole ID: BLRDDH\_26\_002
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 29.2
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 287.5 m
- To: 288.2 m
- Intercept Depth: 287.5 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: BLRDDH\_26\_002:287.5-288.2
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this very narrow, high-grade intercept add value and confirm a higher-grade core within the extended mineralization at La Reforma. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Confirms higher-grade core within the extended mineralization at La Reforma

- Negative factor: Very narrow intercept length \(0.7 m\)

- Negative factor: True width currently unknown

Evidence · table

> 29.2

Context: 0.7

### BPIODD\_26\_2271

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-54)

Pioneer Mine · gold

#### Identity

- Hole ID: BPIODD\_26\_2271
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 4.5
- Grade Unit: g/t
- Intercept: 2 m
- From: 449.1 m
- To: 451.1 m
- Intercept Depth: 449.1 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPIODD\_26\_2271:449.1-451.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides moderate gold grades consistent with expectations, supporting active mine planning. The lack of true width is a minor negative.

- Positive factor: Moderate gold grade \(4.5 g/t Au\)

- Positive factor: Consistent with established grade distribution for mine planning

- Negative factor: True width currently unknown

Evidence · table

> 4.5

Context: 2.0

### BPIODD\_26\_2271

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-55)

Pioneer Mine · silver

#### Identity

- Hole ID: BPIODD\_26\_2271
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 4.5
- Grade Unit: g/t
- Intercept: 2 m
- From: 449.1 m
- To: 451.1 m
- Intercept Depth: 449.1 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPIODD\_26\_2271:449.1-451.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an infill intercept consistent with expectations, supporting active mine planning. The lack of true width is a minor negative.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Consistent with established grade distribution for mine planning

- Negative factor: True width currently unknown

Evidence · table

> 4.5

Context: 2.0

### BPIODD\_26\_2271

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-56)

Pioneer Mine · gold

#### Identity

- Hole ID: BPIODD\_26\_2271
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 14
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 449.1 m
- To: 449.6 m
- Intercept Depth: 449.1 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPIODD\_26\_2271:449.1-449.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This high-grade sub-interval confirms a high-grade core within the broader infill intercept, reinforcing grade continuity for mine planning. The very narrow width and unknown true width are minor negatives.

- Positive factor: High-grade gold intercept \(14.0 g/t Au\)

- Positive factor: Confirms high-grade core within the broader infill intercept

- Positive factor: Supports active mine planning

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 14.0

Context: 0.5

### BPIODD\_26\_2271

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-57)

Pioneer Mine · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: BPIODD\_26\_2271
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 12.8
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 449.1 m
- To: 449.6 m
- Intercept Depth: 449.1 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPIODD\_26\_2271:449.1-449.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this very narrow, high-grade sub-interval add value and reinforce grade continuity for mine planning. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement high-grade gold mineralization

- Positive factor: Supports active mine planning

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 12.8

Context: 0.5

### BPIODD\_26\_2272

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-58)

Pioneer Mine · gold

#### Identity

- Hole ID: BPIODD\_26\_2272
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 4.3
- Grade Unit: g/t
- Intercept: 1.1 m
- From: 223.7 m
- To: 224.8 m
- Intercept Depth: 223.7 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPIODD\_26\_2272:223.7-224.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides moderate gold grades consistent with expectations, supporting active mine planning. The narrow width and unknown true width are minor negatives.

- Positive factor: Moderate gold grade \(4.3 g/t Au\)

- Positive factor: Consistent with established grade distribution for mine planning

- Negative factor: Narrow intercept length \(1.1 m\)

- Negative factor: True width currently unknown

Evidence · table

> 4.3

Context: 1.1

### BPIODD\_26\_2272

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-59)

Pioneer Mine · silver

#### Identity

- Hole ID: BPIODD\_26\_2272
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 9.9
- Grade Unit: g/t
- Intercept: 1.1 m
- From: 223.7 m
- To: 224.8 m
- Intercept Depth: 223.7 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPIODD\_26\_2272:223.7-224.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an infill intercept consistent with expectations, supporting active mine planning. The narrow width and unknown true width are minor negatives.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Consistent with established grade distribution for mine planning

- Negative factor: Narrow intercept length \(1.1 m\)

- Negative factor: True width currently unknown

Evidence · table

> 9.9

Context: 1.1

### BPIODD\_26\_2270

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-60)

Pioneer Mine · gold

#### Identity

- Hole ID: BPIODD\_26\_2270
- Project: Pioneer Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 6.4
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 183.8 m
- To: 184.8 m
- Intercept Depth: 183.8 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPIODD\_26\_2270:183.8-184.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides strong gold grades consistent with expectations, supporting active mine planning. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong gold grade \(6.4 g/t Au\)

- Positive factor: Consistent with established grade distribution for mine planning

- Negative factor: Narrow intercept length \(0.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 6.4

Context: 0.9

### BPIODD\_26\_2270

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-61)

Pioneer Mine · silver

#### Identity

- Hole ID: BPIODD\_26\_2270
- Project: Pioneer Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 16
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 183.8 m
- To: 184.8 m
- Intercept Depth: 183.8 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPIODD\_26\_2270:183.8-184.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades are a positive byproduct from an infill intercept consistent with expectations, supporting active mine planning. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Consistent with established grade distribution for mine planning

- Negative factor: Narrow intercept length \(0.9 m\)

- Negative factor: True width currently unknown

Evidence · table

> 16.0

Context: 0.9

### BPANUDD\_26\_1172

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-62)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1172
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 13.5
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 161.3 m
- To: 162.1 m
- Intercept Depth: 161.3 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1172:161.3-162.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This high-grade infill intercept supports resource conversion and reserve estimation, reinforcing grade continuity for mine planning. The very narrow width and unknown true width are minor negatives.

- Positive factor: High-grade gold intercept \(13.5 g/t Au\)

- Positive factor: Supports conversion of Inferred to Indicated Mineral Resources

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Very narrow intercept length \(0.8 m\)

- Negative factor: True width currently unknown

Evidence · table

> 13.5

Context: 0.8

### BPANUDD\_26\_1172

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-63)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1172
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 16.5
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 161.3 m
- To: 162.1 m
- Intercept Depth: 161.3 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1172:161.3-162.1
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this very narrow, high-grade infill intercept add value and reinforce grade continuity for mine planning. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement high-grade gold mineralization

- Positive factor: Supports resource conversion and reserve estimation

- Negative factor: Very narrow intercept length \(0.8 m\)

- Negative factor: True width currently unknown

Evidence · table

> 16.5

Context: 0.8

### BPANUDD\_26\_1171

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-64)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1171
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.9
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 250.4 m
- To: 254.9 m
- Intercept Depth: 250.4 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1171:250.4-254.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides strong gold grades over a good width, confirming grade continuity for active mining blocks and supporting reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(8.9 g/t Au\)

- Positive factor: Good intercept length \(4.4 m\)

- Positive factor: Confirms grade continuity for active mining blocks

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 8.9

Context: 4.4

### BPANUDD\_26\_1171

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-65)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1171
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 78.6
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 250.4 m
- To: 254.9 m
- Intercept Depth: 250.4 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1171:250.4-254.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add significant value and confirm grade continuity for active mining blocks, supporting reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Confirms grade continuity for active mining blocks

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 78.6

Context: 4.4

### BPANUDD\_26\_1171

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-66)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1171
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 18.4
- Grade Unit: g/t
- Intercept: 1 m
- From: 253.9 m
- To: 254.9 m
- Intercept Depth: 253.9 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1171:253.9-254.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This exceptional high-grade sub-interval confirms a high-grade core within the broader infill intercept, reinforcing grade continuity for reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Exceptional high-grade gold intercept \(18.4 g/t Au\)

- Positive factor: Confirms high-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Narrow intercept length \(1.0 m\)

- Negative factor: True width currently unknown

Evidence · table

> 18.4

Context: 1.0

### BPANUDD\_26\_1171

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-67)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1171
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 122
- Grade Unit: g/t
- Intercept: 1 m
- From: 253.9 m
- To: 254.9 m
- Intercept Depth: 253.9 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1171:253.9-254.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This exceptional high-grade silver sub-interval confirms a high-grade core within the broader infill intercept, significantly enhancing the overall value for reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Exceptional high-grade silver intercept \(122.0 g/t Ag\)

- Positive factor: Confirms high-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Narrow intercept length \(1.0 m\)

- Negative factor: True width currently unknown

Evidence · table

> 122.0

Context: 1.0

### BPANUDD\_26\_1172

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-68)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1172
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.3
- Grade Unit: g/t
- Intercept: 2.4 m
- From: 270.8 m
- To: 273.2 m
- Intercept Depth: 270.8 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1172:270.8-273.2
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides strong gold grades, confirming grade continuity for active mining blocks and supporting reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(8.3 g/t Au\)

- Positive factor: Confirms grade continuity for active mining blocks

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 8.3

Context: 2.4

### BPANUDD\_26\_1172

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-69)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1172
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 31.8
- Grade Unit: g/t
- Intercept: 2.4 m
- From: 270.8 m
- To: 273.2 m
- Intercept Depth: 270.8 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1172:270.8-273.2
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add value and confirm grade continuity for active mining blocks, supporting reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Confirms grade continuity for active mining blocks

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 31.8

Context: 2.4

### BPANUDD\_26\_1172

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-70)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1172
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 24
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 271.6 m
- To: 272.3 m
- Intercept Depth: 271.6 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1172:271.6-272.3
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This exceptional high-grade sub-interval confirms a high-grade core within the broader infill intercept, reinforcing grade continuity for reserve estimation. The very narrow width and unknown true width are minor negatives.

- Positive factor: Exceptional high-grade gold intercept \(24.0 g/t Au\)

- Positive factor: Confirms high-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Very narrow intercept length \(0.6 m\)

- Negative factor: True width currently unknown

Evidence · table

> 24.0

Context: 0.6

### BPANUDD\_26\_1172

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-71)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1172
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 47.3
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 271.6 m
- To: 272.3 m
- Intercept Depth: 271.6 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1172:271.6-272.3
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this very narrow, high-grade sub-interval add value and reinforce grade continuity for reserve estimation. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement high-grade gold mineralization

- Positive factor: Confirms high-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Very narrow intercept length \(0.6 m\)

- Negative factor: True width currently unknown

Evidence · table

> 47.3

Context: 0.6

### BPANUDD\_26\_1168

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-72)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1168
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 5.3
- Grade Unit: g/t
- Intercept: 1.7 m
- From: 248.3 m
- To: 250 m
- Intercept Depth: 248.3 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1168:248.3-250.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides strong gold grades, supporting resource conversion and reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(5.3 g/t Au\)

- Positive factor: Supports conversion of Inferred to Indicated Mineral Resources

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 5.3

Context: 1.7

### BPANUDD\_26\_1168

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-73)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1168
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 19.4
- Grade Unit: g/t
- Intercept: 1.7 m
- From: 248.3 m
- To: 250 m
- Intercept Depth: 248.3 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1168:248.3-250.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add value and support resource conversion and reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Supports resource conversion and reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 19.4

Context: 1.7

### BPANUDD\_26\_1168

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-74)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1168
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.7
- Grade Unit: g/t
- Intercept: 1 m
- From: 249 m
- To: 250 m
- Intercept Depth: 249 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1168:249.0-250.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept shows strong gold grades within a higher-grade core, reinforcing grade continuity for reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong gold grade \(8.7 g/t Au\)

- Positive factor: Confirms higher-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Narrow intercept length \(1.0 m\)

- Negative factor: True width currently unknown

Evidence · table

> 8.7

Context: 1.0

### BPANUDD\_26\_1168

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-75)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1168
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 17
- Grade Unit: g/t
- Intercept: 1 m
- From: 249 m
- To: 250 m
- Intercept Depth: 249 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1168:249.0-250.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add value and reinforce grade continuity for reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Confirms higher-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Narrow intercept length \(1.0 m\)

- Negative factor: True width currently unknown

Evidence · table

> 17.0

Context: 1.0

### BPANUDD\_26\_1169

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-76)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1169
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 5.3
- Grade Unit: g/t
- Intercept: 1 m
- From: 250.8 m
- To: 251.8 m
- Intercept Depth: 250.8 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1169:250.8-251.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides strong gold grades, supporting resource conversion and reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong gold grade \(5.3 g/t Au\)

- Positive factor: Supports conversion of Inferred to Indicated Mineral Resources

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Narrow intercept length \(1.0 m\)

- Negative factor: True width currently unknown

Evidence · table

> 5.3

Context: 1.0

### BPANUDD\_26\_1169

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-77)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1169
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 15.6
- Grade Unit: g/t
- Intercept: 1 m
- From: 250.8 m
- To: 251.8 m
- Intercept Depth: 250.8 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1169:250.8-251.8
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add value and support resource conversion and reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Supports resource conversion and reserve estimation

- Negative factor: Narrow intercept length \(1.0 m\)

- Negative factor: True width currently unknown

Evidence · table

> 15.6

Context: 1.0

### BPANUDD\_26\_1163

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-78)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1163
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 4.9
- Grade Unit: g/t
- Intercept: 2.5 m
- From: 244.2 m
- To: 246.7 m
- Intercept Depth: 244.2 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1163:244.2-246.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides strong gold grades, supporting resource conversion and reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong gold grade \(4.9 g/t Au\)

- Positive factor: Supports conversion of Inferred to Indicated Mineral Resources

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 4.9

Context: 2.5

### BPANUDD\_26\_1163

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-79)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1163
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 22.3
- Grade Unit: g/t
- Intercept: 2.5 m
- From: 244.2 m
- To: 246.7 m
- Intercept Depth: 244.2 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1163:244.2-246.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add value and support resource conversion and reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Supports resource conversion and reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 22.3

Context: 2.5

### BPANUDD\_26\_1163

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-80)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1163
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 14.4
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 244.2 m
- To: 244.7 m
- Intercept Depth: 244.2 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1163:244.2-244.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This high-grade sub-interval confirms a high-grade core within the broader infill intercept, reinforcing grade continuity for reserve estimation. The very narrow width and unknown true width are minor negatives.

- Positive factor: High-grade gold intercept \(14.4 g/t Au\)

- Positive factor: Confirms high-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 14.4

Context: 0.5

### BPANUDD\_26\_1163

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-81)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1163
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 52.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 244.2 m
- To: 244.7 m
- Intercept Depth: 244.2 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1163:244.2-244.7
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this very narrow, high-grade sub-interval add value and reinforce grade continuity for reserve estimation. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement high-grade gold mineralization

- Positive factor: Confirms high-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Very narrow intercept length \(0.5 m\)

- Negative factor: True width currently unknown

Evidence · table

> 52.7

Context: 0.5

### BPANUDD\_26\_1163

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-82)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1163
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 4.9
- Grade Unit: g/t
- Intercept: 1.3 m
- From: 231.7 m
- To: 233 m
- Intercept Depth: 231.7 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1163:231.7-233.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides strong gold grades, supporting resource conversion and reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong gold grade \(4.9 g/t Au\)

- Positive factor: Supports conversion of Inferred to Indicated Mineral Resources

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Narrow intercept length \(1.3 m\)

- Negative factor: True width currently unknown

Evidence · table

> 4.9

Context: 1.3

### BPANUDD\_26\_1163

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-83)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1163
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 9.8
- Grade Unit: g/t
- Intercept: 1.3 m
- From: 231.7 m
- To: 233 m
- Intercept Depth: 231.7 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1163:231.7-233.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an infill intercept supporting resource conversion and reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Supports resource conversion and reserve estimation

- Negative factor: Narrow intercept length \(1.3 m\)

- Negative factor: True width currently unknown

Evidence · table

> 9.8

Context: 1.3

### BPANUDD\_26\_1168

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-84)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1168
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 3.7
- Grade Unit: g/t
- Intercept: 1.8 m
- From: 242.1 m
- To: 243.9 m
- Intercept Depth: 242.1 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1168:242.1-243.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides moderate gold grades, supporting resource conversion and reserve estimation. The lack of true width is a minor negative.

- Positive factor: Moderate gold grade \(3.7 g/t Au\)

- Positive factor: Supports conversion of Inferred to Indicated Mineral Resources

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 3.7

Context: 1.8

### BPANUDD\_26\_1168

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-85)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1168
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 38.5
- Grade Unit: g/t
- Intercept: 1.8 m
- From: 242.1 m
- To: 243.9 m
- Intercept Depth: 242.1 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1168:242.1-243.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add value and support resource conversion and reserve estimation. The lack of true width is a minor negative.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Supports resource conversion and reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 38.5

Context: 1.8

### BPANUDD\_26\_1168

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-86)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1168
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.7
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 242.6 m
- To: 243.3 m
- Intercept Depth: 242.6 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1168:242.6-243.3
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept shows strong gold grades within a higher-grade core, reinforcing grade continuity for reserve estimation. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong gold grade \(8.7 g/t Au\)

- Positive factor: Confirms higher-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Very narrow intercept length \(0.6 m\)

- Negative factor: True width currently unknown

Evidence · table

> 8.7

Context: 0.6

### BPANUDD\_26\_1168

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-87)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1168
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 66.5
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 242.6 m
- To: 243.3 m
- Intercept Depth: 242.6 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1168:242.6-243.3
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add value and reinforce grade continuity for reserve estimation. The very narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Confirms higher-grade core within the broader infill intercept

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Very narrow intercept length \(0.6 m\)

- Negative factor: True width currently unknown

Evidence · table

> 66.5

Context: 0.6

### BPANUDD\_26\_1171

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-88)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1171
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 3.5
- Grade Unit: g/t
- Intercept: 1 m
- From: 245.9 m
- To: 246.9 m
- Intercept Depth: 245.9 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1171:245.9-246.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides moderate gold grades, supporting resource conversion and reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Moderate gold grade \(3.5 g/t Au\)

- Positive factor: Supports conversion of Inferred to Indicated Mineral Resources

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: Narrow intercept length \(1.0 m\)

- Negative factor: True width currently unknown

Evidence · table

> 3.5

Context: 1.0

### BPANUDD\_26\_1171

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-89)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1171
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 26.4
- Grade Unit: g/t
- Intercept: 1 m
- From: 245.9 m
- To: 246.9 m
- Intercept Depth: 245.9 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1171:245.9-246.9
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The strong silver grades in this infill intercept add value and support resource conversion and reserve estimation. The narrow width and unknown true width are minor negatives.

- Positive factor: Strong silver grades complement gold mineralization

- Positive factor: Supports resource conversion and reserve estimation

- Negative factor: Narrow intercept length \(1.0 m\)

- Negative factor: True width currently unknown

Evidence · table

> 26.4

Context: 1.0

### BPANUDD\_26\_1165

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-90)

Panamá Mine · gold

#### Identity

- Hole ID: BPANUDD\_26\_1165
- Project: Panamá Mine
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 3.4
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 245.5 m
- To: 247 m
- Intercept Depth: 245.5 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1165:245.5-247.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: This infill intercept provides moderate gold grades, supporting resource conversion and reserve estimation. The lack of true width is a minor negative.

- Positive factor: Moderate gold grade \(3.4 g/t Au\)

- Positive factor: Supports conversion of Inferred to Indicated Mineral Resources

- Positive factor: Supports Mineral Reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 3.4

Context: 1.4

### BPANUDD\_26\_1165

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-91)

Panamá Mine · silver

#### Identity

- Hole ID: BPANUDD\_26\_1165
- Project: Panamá Mine
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.8
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 245.5 m
- To: 247 m
- Intercept Depth: 245.5 m

#### Classification

- Deposit Type: epithermal
- Program: resource
- Sample Type: drill
- Group ID: BPANUDD\_26\_1165:245.5-247.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global Peru
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: The silver grades are a positive byproduct from an infill intercept supporting resource conversion and reserve estimation. The lack of true width is a minor negative.

- Positive factor: Silver grades complement gold mineralization

- Positive factor: Supports resource conversion and reserve estimation

- Negative factor: True width currently unknown

Evidence · table

> 8.8

Context: 1.4

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-92)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 58.7
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 332.9 m
- To: 333.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:332.9-333.6
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 58.7 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 35.2 g/t·m is moderate \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 58.7 g/t gold is exceptional on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 58.7

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-93)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 25.9
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 332.9 m
- To: 333.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:332.9-333.6
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 25.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 15.5 g/t·m is below.

- Negative factor: 25.9 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 25.9

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-94)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 16.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 209.2 m
- To: 209.7 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:209.2-209.7
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 16.7 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 8.3 g/t·m is below \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 16.7 g/t gold is exceptional on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 16.7

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-95)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 14
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 209.2 m
- To: 209.7 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:209.2-209.7
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 14 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 7.0 g/t·m is below.

- Negative factor: 14 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 14.0

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-96)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 20.7
- Grade Unit: g/t
- Intercept: 0.4 m
- From: 214.2 m
- To: 214.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:214.2-214.6
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 20.7 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 8.3 g/t·m is below \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 20.7 g/t gold is exceptional on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 20.7

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-97)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 15.6
- Grade Unit: g/t
- Intercept: 0.4 m
- From: 214.2 m
- To: 214.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:214.2-214.6
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 15.6 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 6.2 g/t·m is below.

- Negative factor: 15.6 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 15.6

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-98)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.2
- Grade Unit: g/t
- Intercept: 1 m
- From: 334.5 m
- To: 335.5 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:334.5-335.5
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 8.2 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 8.2 g/t·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 8.2 g/t gold is strong on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 8.2

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-99)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 5.9
- Grade Unit: g/t
- Intercept: 1 m
- From: 334.5 m
- To: 335.5 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:334.5-335.5
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 5.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 5.9 g/t·m is below.

- Negative factor: 5.9 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 5.9

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-100)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 55.3
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 86.5 m
- To: 87 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:86.5-87
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 55.3 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 27.6 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 55.3 g/t gold is exceptional on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 55.3

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-101)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 21.1
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 86.5 m
- To: 87 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:86.5-87
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 21.1 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 10.6 g/t·m is below.

- Negative factor: 21.1 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 21.1

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-102)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 133
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 218.6 m
- To: 219.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:218.6-219.6
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 133 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 119.7 g/t·m is strong \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 133 g/t gold is exceptional on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 133.0

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-103)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 28.1
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 218.6 m
- To: 219.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:218.6-219.6
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 28.1 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 25.3 g/t·m is below.

- Negative factor: 28.1 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 28.1

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-104)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 4.2
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 237.1 m
- To: 237.8 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:237.1-237.8
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 4.2 g/t gold is moderate against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 2.9 g/t·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 4.2

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-105)

Xiloa Target · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 2.8
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 237.1 m
- To: 237.8 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:237.1-237.8
- Mining Method: underground

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 2.8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 2.0 g/t·m is below.

- Negative factor: 2.8 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 2.8

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-106)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.1
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 175.8 m
- To: 176.3 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:175.8-176.3
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 8.1 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 4.0 g/t·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 8.1 g/t gold is strong on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 8.1

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-107)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 16.4
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 175.8 m
- To: 176.3 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:175.8-176.3
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 16.4 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 8.2 g/t·m is below.

- Negative factor: 16.4 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 16.4

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-108)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 45.9
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 213.4 m
- To: 213.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:213.4-213.9
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 45.9 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 22.9 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 45.9 g/t gold is exceptional on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 45.9

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-109)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 41.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 213.4 m
- To: 213.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:213.4-213.9
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 41.7 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 20.9 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 41.7

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-110)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.2
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 287.5 m
- To: 288.2 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:287.5-288.2
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 8.2 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 5.7 g/t·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 8.2 g/t gold is strong on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 8.2

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-111)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 29.2
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 287.5 m
- To: 288.2 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:287.5-288.2
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 29.2 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 20.4 g/t·m is below.

- Negative factor: 29.2 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 29.2

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-112)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 14
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 449.1 m
- To: 449.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:449.1-449.6
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 14 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 7.0 g/t·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 14 g/t gold is strong on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 14.0

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-113)

Xiloa Target · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 12.8
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 449.1 m
- To: 449.6 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:449.1-449.6
- Mining Method: underground

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 12.8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 6.4 g/t·m is below.

- Negative factor: 12.8 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 12.8

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-114)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 18.4
- Grade Unit: g/t
- Intercept: 1 m
- From: 253.9 m
- To: 254.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:253.9-254.9
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 18.4 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 18.4 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 18.4 g/t gold is exceptional on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 18.4

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-115)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 122
- Grade Unit: g/t
- Intercept: 1 m
- From: 253.9 m
- To: 254.9 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:253.9-254.9
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 122 g/t silver is moderate against the default band \[500, 200, 100, 30\] g/t. Grade×width 122.0 g/t·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 122.0

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-116)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 24
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 271.6 m
- To: 272.3 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:271.6-272.3
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 24 g/t gold is exceptional against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 14.4 g/t·m is weak \(grade alone is exceptional; the better of the two is used\).

- Positive factor: 24 g/t gold is exceptional on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 24.0

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-117)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 47.3
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 271.6 m
- To: 272.3 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:271.6-272.3
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 47.3 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 28.4 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 47.3

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-118)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.7
- Grade Unit: g/t
- Intercept: 1 m
- From: 249 m
- To: 250 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:249-250
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

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

- Positive factor: 8.7 g/t gold is strong on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 8.7

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-119)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 17
- Grade Unit: g/t
- Intercept: 1 m
- From: 249 m
- To: 250 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:249-250
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 17 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 17.0 g/t·m is below.

- Negative factor: 17 g/t silver is below the weak threshold \(30 g/t\) on the default band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 17.0

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-120)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 14.4
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 244.2 m
- To: 244.7 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:244.2-244.7
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 14.4 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 7.2 g/t·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 14.4 g/t gold is strong on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 14.4

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-121)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 52.7
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 244.2 m
- To: 244.7 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:244.2-244.7
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 52.7 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 26.4 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 52.7

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-122)

Xiloa Target · gold

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: gold
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 8.7
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 242.6 m
- To: 243.3 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:242.6-243.3
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 8.7 g/t gold is strong against the underground mining band \[15, 7, 4, 2.5\] g/t. Grade×width 5.2 g/t·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 8.7 g/t gold is strong on the underground mining band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 8.7

Context: incl.

### incl.

[Link to this fact](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f#fact-drill-facts-123)

Xiloa Target · silver

#### Identity

- Hole ID: incl.
- Project: Xiloa Target
- Commodity: silver
- Region: nicaragua
- Reported Region: Nicaragua
- Ticker: MSA

#### Geometry

- Grade: 66.5
- Grade Unit: g/t
- Intercept: 0.6 m
- From: 242.6 m
- To: 243.3 m

#### Classification

- Deposit Type: epithermal
- Sample Type: drill
- Group ID: incl.:242.6-243.3
- Mining Method: underground

#### Review

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

#### Dates

- Event date: 2026-05-26T00:00:00.000Z

Reasoning: Expanded from assay table. 66.5 g/t silver is weak against the default band \[500, 200, 100, 30\] g/t. Grade×width 39.9 g/t·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 66.5

Context: incl.

## 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.