# 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 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213 Original source: https://money.tmx.com/en/quote/AGX/news/6446346862496820/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam Publisher: tmx Original announcement: 2026-01-13T12:35:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: exceptional silver grades - Positive factor: strong strike continuity - Positive factor: QA/QC disclosed - Positive factor: QP signed Facts used in scoring: 12 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release mentions 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 Signed** Polarity: positive Story-specific tag 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: 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 1 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-0) silver #### 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 factor: Bonanza Intercept Evidence · text > 735 grams per tonne \(g/t\) silver over 65 metres ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-1) lead #### 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 3 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-2) zinc #### 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 4 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-3) silver #### 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 factor: Bonanza Intercept Evidence · text > 649 g/t Ag over 40 metres ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-4) lead #### 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 6 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-5) zinc #### 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 7 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-6) silver #### 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 factor: Strong Intercept Evidence · table > 497 Context: 35 ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-7) lead #### 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 9 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-8) zinc #### 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 10 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-9) silver #### 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 factor: Strong Intercept Evidence · table > 396 Context: 45 ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-10) lead #### 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 12 [Link to this fact](https://atlas-staging.minestarters.com/news/silver-x-defines-high-grade-mineralization-at-red-silver-underground-channel-sam--37b64435-709e-44f2-8c6b-f611cc84b213#fact-drill-facts-11) zinc #### 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 factor: 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.