Silver X Defines High-Grade Mineralization at Red Silver: Underground Channel Sampling Includes Averages of 735 g/t Ag Over 65 metres and 649 g/t Ag Over 40 metres. Announces 1,200-Metre Drill Program to Test Continuity
Original announcement by tmx on
- Company
- Silver X Mining Corp.
- Ticker
- AGX
- Exchange
- TSX
- Region
- Huancavelica, Peru
- Primary commodity
- Silver
- Secondary commodities
- Lead, Zinc
- Document categories
- Drill results
- Extracted
- 2026-08-21 03:18:24 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver X has reported high-grade silver channel sampling results at the Red Silver project in Peru, including intercepts of 735 g/t Ag over 65m and 649 g/t Ag over 40m. The company is launching a 1,200-metre underground diamond drilling program to test the continuity of these mineralized shoots.
Reasoning: Exceptional silver grades (up to 735 g/t) over significant strike lengths (up to 65m) via underground channel sampling, supported by a planned 1,200m drill program.
Positive factors
- exceptional silver grades
- strong strike continuity
- QA/QC disclosed
- QP signed
Facts used in scoring: 12
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Silver grades of 735 g/t and 649 g/t are exceptionally high.
Evidence · text
“735 grams per tonne (g/t) silver over 65 metres”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions ISO-certified laboratory, standards, blanks, and duplicates.
Evidence · text
“The program includes the regular insertion of certified reference materials (standards), blanks, and field duplicates”
QP/CP Signedpositive · Story-specific tag
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: Mr. A. David Heyl, B.Sc., C.P.G is named as the Qualified Person.
Evidence · text
“Qualified Person Mr. A. David Heyl, B.Sc., C.P.G who is a qualified person under NI 43-101”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Drill Results (12)
Fact 1silverGrade: 735Grade Unit: g/tIntercept: 65 mView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AGX
Geometry
- Grade
- 735
- Grade Unit
- g/t
- Intercept
- 65 m
Classification
- Sample Type
- channel
- Group ID
- Silvia-Shoot1:65
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 735 g/t Ag over 65m is an exceptional silver intercept.
Positive factors
- Bonanza Intercept
Evidence · text
“735 grams per tonne (g/t) silver over 65 metres”
Fact 2leadGrade: 0.45Grade Unit: %Intercept: 65 mView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- AGX
Geometry
- Grade
- 0.45
- Grade Unit
- %
- Intercept
- 65 m
Classification
- Sample Type
- channel
- Group ID
- Silvia-Shoot1:65
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace lead reported alongside high-grade silver.
Evidence · text
“0.45% Pb”
Fact 3zincGrade: 0.73Grade Unit: %Intercept: 65 mView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AGX
Geometry
- Grade
- 0.73
- Grade Unit
- %
- Intercept
- 65 m
Classification
- Sample Type
- channel
- Group ID
- Silvia-Shoot1:65
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace zinc reported alongside high-grade silver.
Evidence · text
“0.73% Zn”
Fact 4silverGrade: 649Grade Unit: g/tIntercept: 40 mView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AGX
Geometry
- Grade
- 649
- Grade Unit
- g/t
- Intercept
- 40 m
Classification
- Sample Type
- channel
- Group ID
- Silvia-Shoot2:40
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 649 g/t Ag over 40m is an exceptional silver intercept.
Positive factors
- Bonanza Intercept
Evidence · text
“649 g/t Ag over 40 metres”
Fact 5leadGrade: 0.4Grade Unit: %Intercept: 40 mView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- AGX
Geometry
- Grade
- 0.4
- Grade Unit
- %
- Intercept
- 40 m
Classification
- Sample Type
- channel
- Group ID
- Silvia-Shoot2:40
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace lead reported alongside high-grade silver.
Evidence · text
“0.40% Pb”
Fact 6zincGrade: 0.69Grade Unit: %Intercept: 40 mView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AGX
Geometry
- Grade
- 0.69
- Grade Unit
- %
- Intercept
- 40 m
Classification
- Sample Type
- channel
- Group ID
- Silvia-Shoot2:40
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace zinc reported alongside high-grade silver.
Evidence · text
“0.69% Zn”
Fact 7silverGrade: 497Grade Unit: g/tIntercept: 35 mView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AGX
Geometry
- Grade
- 497
- Grade Unit
- g/t
- Intercept
- 35 m
Classification
- Sample Type
- channel
- Group ID
- Rossana-Shoot1:35
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 497 g/t Ag is a strong silver intercept.
Positive factors
- Strong Intercept
Evidence · table
“497”
Context: 35
Fact 8leadGrade: 0.3Grade Unit: %Intercept: 35 mView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- AGX
Geometry
- Grade
- 0.3
- Grade Unit
- %
- Intercept
- 35 m
Classification
- Sample Type
- channel
- Group ID
- Rossana-Shoot1:35
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace lead reported.
Evidence · table
“0.30”
Context: 35
Fact 9zincGrade: 0.64Grade Unit: %Intercept: 35 mView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AGX
Geometry
- Grade
- 0.64
- Grade Unit
- %
- Intercept
- 35 m
Classification
- Sample Type
- channel
- Group ID
- Rossana-Shoot1:35
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace zinc reported.
Evidence · table
“0.64”
Context: 35
Fact 10silverGrade: 396Grade Unit: g/tIntercept: 45 mView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AGX
Geometry
- Grade
- 396
- Grade Unit
- g/t
- Intercept
- 45 m
Classification
- Sample Type
- channel
- Group ID
- Rossana-Shoot2:45
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 396 g/t Ag is a strong silver intercept.
Positive factors
- Strong Intercept
Evidence · table
“396”
Context: 45
Fact 11leadGrade: 0.48Grade Unit: %Intercept: 45 mView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- AGX
Geometry
- Grade
- 0.48
- Grade Unit
- %
- Intercept
- 45 m
Classification
- Sample Type
- channel
- Group ID
- Rossana-Shoot2:45
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: Trace lead reported.
Evidence · table
“0.48”
Context: 45
Fact 12zincGrade: 1.98Grade Unit: %Intercept: 45 mView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AGX
Geometry
- Grade
- 1.98
- Grade Unit
- %
- Intercept
- 45 m
Classification
- Sample Type
- channel
- Group ID
- Rossana-Shoot2:45
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-13T00:00:00.000Z
Reasoning: 1.98% Zn is a strong zinc intercept for this context.
Positive factors
- Strong Intercept
Evidence · table
“1.98”
Context: 45
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.