SILVER MOUNTAIN REPORTS HIGH GRADE SILVER IN UNDERGROUND CHANNEL SAMPLING PROGRAM AND PROVIDES UPDATE ON STOCKPILING AT ITS RELIQUIAS PROJECT, PERU

Original announcement by tmx on

Company
Silver Mountain Resources Inc.
Ticker
AGMR
Exchange
TSX
Region
Peru
Primary commodity
Silver
Secondary commodities
Lead, Zinc, Copper, Gold
Document categories
Drill results, Other
Extracted
2026-08-21 04:13:43 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Silver Mountain Resources announced high-grade polymetallic channel sampling results from its Reliquias Project in Peru, with several intercepts exceeding prior resource estimates. These results reinforce the high-grade quality of the deposit and are part of the company's mine-readiness work, which includes initial stockpiling of mineralized material. The company remains on track to commence commercial production in Q3 2026.

Reasoning: The company reported high-grade polymetallic channel sample results from its Reliquias Project, with several intercepts exceeding prior resource estimates, reinforcing the high-grade nature of the deposit. This work is part of a mine-readiness program, including initial stockpiling, aimed at commercial production in Q3 2026. The results are supported by robust QA/QC and QP sign-off.

Positive factors

  • High-grade polymetallic channel samples confirm and exceed prior resource estimates.
  • Progress towards commercial production with stockpiling of mineralized material.
  • QA/QC procedures and QP sign-off enhance data credibility.
  • True width of mineralization is implied by sampling method.

Facts used in scoring: 17

Extracted facts

Stored fact records: 17. Some facts used in scoring do not have a stored record.

Drill Results (17)

CN-07Reliquias Project · silverGrade: 336Grade Unit: g/tIntercept: 1.07 mView all details
Link to this fact

Identity

Hole ID
CN-07
Project
Reliquias Project
Commodity
silver
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
336
Grade Unit
g/t
Intercept
1.07 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-07:1.07
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Metal Equivalent

Metal Eq. Grade
27.34
Metal Eq. Unit
Oz/t
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-27T00:00:00.000Z

Reasoning: The silver grade of 336 g/t over 1.07 m is strong for an underground polymetallic vein deposit, and the grade-width product of 359.52 g/t·m also falls within the strong category, indicating significant mineralization.

Positive factors

  • Strong silver grade for an underground polymetallic vein deposit.
  • Strong silver grade-width product.

Evidence · table

“336”

Context: 1.07

CN-07Reliquias Project · leadGrade: 10.7Grade Unit: %Intercept: 1.07 mView all details
Link to this fact

Identity

Hole ID
CN-07
Project
Reliquias Project
Commodity
lead
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
10.7
Grade Unit
%
Intercept
1.07 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-07:1.07
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The lead grade of 10.70% over 1.07 m is exceptional for an underground polymetallic vein deposit, and the grade-width product of 11.44 %·m is strong, contributing significantly to the overall polymetallic value.

Positive factors

  • Exceptional lead grade for an underground polymetallic vein deposit.
  • Strong lead grade-width product.

Evidence · table

“10.70”

Context: 1.07

CN-07Reliquias Project · zincGrade: 11.7Grade Unit: %Intercept: 1.07 mView all details
Link to this fact

Identity

Hole ID
CN-07
Project
Reliquias Project
Commodity
zinc
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
11.7
Grade Unit
%
Intercept
1.07 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-07:1.07
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The zinc grade of 11.70% over 1.07 m is strong for an underground polymetallic vein deposit, although the grade-width product of 12.52 %·m falls into the weak category.

Positive factors

  • Strong zinc grade for an underground polymetallic vein deposit.

Negative factors

  • Weak zinc grade-width product.

Evidence · table

“11.70”

Context: 1.07

CN-07Reliquias Project · copperGrade: 2.7Grade Unit: %Intercept: 1.07 mView all details
Link to this fact

Identity

Hole ID
CN-07
Project
Reliquias Project
Commodity
copper
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
2.7
Grade Unit
%
Intercept
1.07 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-07:1.07
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The copper grade of 2.70% over 1.07 m is exceptional for an underground polymetallic vein deposit, though the grade-width product of 2.88 %·m is weak.

Positive factors

  • Exceptional copper grade for an underground polymetallic vein deposit.

Negative factors

  • Weak copper grade-width product.

Evidence · table

“2.70”

Context: 1.07

CN-07Reliquias Project · goldGrade: 0.34Grade Unit: g/tIntercept: 1.07 mView all details
Link to this fact

Identity

Hole ID
CN-07
Project
Reliquias Project
Commodity
gold
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
0.34
Grade Unit
g/t
Intercept
1.07 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-07:1.07
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The gold grade of 0.34 g/t over 1.07 m is below the weak threshold for an underground polymetallic vein deposit, and the grade-width product of 0.36 g/t·m is also below the weak threshold, indicating minor gold mineralization.

Negative factors

  • Gold grade is below the weak threshold for an underground deposit.
  • Gold grade-width product is below the weak threshold.

Evidence · table

“0.34”

Context: 1.07

CN-08Reliquias Project · silverGrade: 414Grade Unit: g/tIntercept: 1.04 mView all details
Link to this fact

Identity

Hole ID
CN-08
Project
Reliquias Project
Commodity
silver
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
414
Grade Unit
g/t
Intercept
1.04 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-08:1.04
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Metal Equivalent

Metal Eq. Grade
32.08
Metal Eq. Unit
Oz/t
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-27T00:00:00.000Z

Reasoning: The silver grade of 414 g/t over 1.04 m is strong for an underground polymetallic vein deposit, and the grade-width product of 430.56 g/t·m also falls within the strong category, indicating significant mineralization.

Positive factors

  • Strong silver grade for an underground polymetallic vein deposit.
  • Strong silver grade-width product.

Evidence · table

“414”

Context: 1.04

CN-08Reliquias Project · leadGrade: 17.3Grade Unit: %Intercept: 1.04 mView all details
Link to this fact

Identity

Hole ID
CN-08
Project
Reliquias Project
Commodity
lead
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
17.3
Grade Unit
%
Intercept
1.04 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-08:1.04
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The lead grade of 17.30% over 1.04 m is exceptional for an underground polymetallic vein deposit, and the grade-width product of 17.99 %·m is strong, contributing significantly to the overall polymetallic value.

Positive factors

  • Exceptional lead grade for an underground polymetallic vein deposit.
  • Strong lead grade-width product.

Evidence · table

“17.30”

Context: 1.04

CN-08Reliquias Project · zincGrade: 8.5Grade Unit: %Intercept: 1.04 mView all details
Link to this fact

Identity

Hole ID
CN-08
Project
Reliquias Project
Commodity
zinc
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
8.5
Grade Unit
%
Intercept
1.04 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-08:1.04
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The zinc grade of 8.50% over 1.04 m is moderate for an underground polymetallic vein deposit, although the grade-width product of 8.84 %·m falls into the weak category.

Positive factors

  • Moderate zinc grade for an underground polymetallic vein deposit.

Negative factors

  • Weak zinc grade-width product.

Evidence · table

“8.50”

Context: 1.04

CN-08Reliquias Project · copperGrade: 3.06Grade Unit: %Intercept: 1.04 mView all details
Link to this fact

Identity

Hole ID
CN-08
Project
Reliquias Project
Commodity
copper
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
3.06
Grade Unit
%
Intercept
1.04 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-08:1.04
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The copper grade of 3.06% over 1.04 m is exceptional for an underground polymetallic vein deposit, though the grade-width product of 3.18 %·m is weak.

Positive factors

  • Exceptional copper grade for an underground polymetallic vein deposit.

Negative factors

  • Weak copper grade-width product.

Evidence · table

“3.06”

Context: 1.04

CN-08Reliquias Project · goldGrade: 0.28Grade Unit: g/tIntercept: 1.04 mView all details
Link to this fact

Identity

Hole ID
CN-08
Project
Reliquias Project
Commodity
gold
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
0.28
Grade Unit
g/t
Intercept
1.04 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-08:1.04
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The gold grade of 0.28 g/t over 1.04 m is below the weak threshold for an underground polymetallic vein deposit, and the grade-width product of 0.29 g/t·m is also below the weak threshold, indicating minor gold mineralization.

Negative factors

  • Gold grade is below the weak threshold for an underground deposit.
  • Gold grade-width product is below the weak threshold.

Evidence · table

“0.28”

Context: 1.04

CN-05Reliquias Project · silverGrade: 510Grade Unit: g/tIntercept: 0.82 mView all details
Link to this fact

Identity

Hole ID
CN-05
Project
Reliquias Project
Commodity
silver
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
510
Grade Unit
g/t
Intercept
0.82 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-05:0.82
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Metal Equivalent

Metal Eq. Grade
30.11
Metal Eq. Unit
Oz/t
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-27T00:00:00.000Z

Reasoning: The silver grade of 510 g/t over 0.82 m is exceptional for an underground polymetallic vein deposit, and the grade-width product of 418.2 g/t·m is strong, indicating very significant mineralization.

Positive factors

  • Exceptional silver grade for an underground polymetallic vein deposit.
  • Strong silver grade-width product.

Evidence · table

“510”

Context: 0.82

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: The silver grade of 510 g/t exceeds the exceptional threshold of 500 g/t for an underground deposit.

Evidence · table

“510”

Context: 0.82

CN-05Reliquias Project · leadGrade: 7.4Grade Unit: %Intercept: 0.82 mView all details
Link to this fact

Identity

Hole ID
CN-05
Project
Reliquias Project
Commodity
lead
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
7.4
Grade Unit
%
Intercept
0.82 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-05:0.82
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The lead grade of 7.40% over 0.82 m is strong for an underground polymetallic vein deposit, though the grade-width product of 6.06 %·m is weak.

Positive factors

  • Strong lead grade for an underground polymetallic vein deposit.

Negative factors

  • Weak lead grade-width product.

Evidence · table

“7.40”

Context: 0.82

CN-05Reliquias Project · zincGrade: 13.3Grade Unit: %Intercept: 0.82 mView all details
Link to this fact

Identity

Hole ID
CN-05
Project
Reliquias Project
Commodity
zinc
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
13.3
Grade Unit
%
Intercept
0.82 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-05:0.82
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The zinc grade of 13.30% over 0.82 m is strong for an underground polymetallic vein deposit, although the grade-width product of 10.91 %·m falls into the weak category.

Positive factors

  • Strong zinc grade for an underground polymetallic vein deposit.

Negative factors

  • Weak zinc grade-width product.

Evidence · table

“13.30”

Context: 0.82

CN-05Reliquias Project · copperGrade: 0.98Grade Unit: %Intercept: 0.82 mView all details
Link to this fact

Identity

Hole ID
CN-05
Project
Reliquias Project
Commodity
copper
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
0.98
Grade Unit
%
Intercept
0.82 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-05:0.82
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The copper grade of 0.98% over 0.82 m is moderate for an underground polymetallic vein deposit, but the grade-width product of 0.80 %·m is below the weak threshold.

Positive factors

  • Moderate copper grade for an underground polymetallic vein deposit.

Negative factors

  • Copper grade-width product is below the weak threshold.

Evidence · table

“0.98”

Context: 0.82

CN-05Reliquias Project · goldGrade: 0.31Grade Unit: g/tIntercept: 0.82 mView all details
Link to this fact

Identity

Hole ID
CN-05
Project
Reliquias Project
Commodity
gold
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
0.31
Grade Unit
g/t
Intercept
0.82 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-05:0.82
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The gold grade of 0.31 g/t over 0.82 m is below the weak threshold for an underground polymetallic vein deposit, and the grade-width product of 0.25 g/t·m is also below the weak threshold, indicating minor gold mineralization.

Negative factors

  • Gold grade is below the weak threshold for an underground deposit.
  • Gold grade-width product is below the weak threshold.

Evidence · table

“0.31”

Context: 0.82

CN-06Reliquias Project · silverGrade: 168Grade Unit: g/tIntercept: 1.17 mView all details
Link to this fact

Identity

Hole ID
CN-06
Project
Reliquias Project
Commodity
silver
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
168
Grade Unit
g/t
Intercept
1.17 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-06:1.17
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Metal Equivalent

Metal Eq. Grade
15.07
Metal Eq. Unit
Oz/t
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-11-27T00:00:00.000Z

Reasoning: The silver grade of 168 g/t over 1.17 m is moderate for an underground polymetallic vein deposit, though the grade-width product of 196.56 g/t·m is weak.

Positive factors

  • Moderate silver grade for an underground polymetallic vein deposit.

Negative factors

  • Weak silver grade-width product.

Evidence · table

“168”

Context: 1.17

CN-06Reliquias Project · leadGrade: 5.3Grade Unit: %Intercept: 1.17 mView all details
Link to this fact

Identity

Hole ID
CN-06
Project
Reliquias Project
Commodity
lead
Region
peru
Reported Region
Peru
Ticker
AGMR

Geometry

Grade
5.3
Grade Unit
%
Intercept
1.17 m

Classification

Deposit Type
other
Program
resource
Sample Type
channel
Group ID
CN-06:1.17
Mining Method
underground

QA/QC

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
2025-11-27T00:00:00.000Z

Reasoning: The lead grade of 5.30% over 1.17 m is moderate for an underground polymetallic vein deposit, though the grade-width product of 6.20 %·m is weak.

Positive factors

  • Moderate lead grade for an underground polymetallic vein deposit.

Negative factors

  • Weak lead grade-width product.

Evidence · table

“5.30”

Context: 1.17

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.