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Masivo Silver Corp (2)
Symbol MASS
Shares Issued 42,367,367
Close 2024-09-26 C$ 0.045
Market Cap C$ 1,906,532
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Masivo Silver completes drill hole No. 5 at Boston

2024-09-27 18:53 ET - News Release

Mr. David Coburn reports

MASIVO SUCCESSFULLY DRILLS HOLE NUMBER 5 AT PROMISING SKARN DEPOSIT

Masivo Silver Corp. has completed hole No. 5 at 322 feet at the Boston mine project in Elko county, Nevada, where Masivo is targeting its high-grade gold/copper skarn deposit. The drill core will be delivered to the certified lab for analysis this week and the company expects results in six to eight weeks.

The commencement of drilling hole No. 6 will begin early next week where Masivo is targeting a depth of 300 feet. The objective of hole No.6 is to test the strong historical IP anomalies that are interpreted to reflect sulfide mineralization that is part of the skarn geology. Based upon the results, a decision will be made as to expanding the IP survey over the rest of the property.

Hole No. 1 had significant drill intercepts including 55 feet (drilled width) of 0.99 per cent Cu (copper), 1.52 g/t (grams per tonne) Au (gold) and 30.35 g/t Ag (silver) starting at 65 feet down hole.

Phase 1 drill program will be between six to eight holes with the follow up of a phase 2 drill program of an additional eight to 10 holes.

The technical team has started discussions on a phase 2 drill program, several new target areas are being discussed per the assay results on the phase 1 program, the company has not received assay results from hole 2, 3 or 4 but are expected in the near future.

Masivo holds a $75,000 drill credit in Mexico and is continuing to discuss significant opportunities in Mexico and the United States to complement the Boston mine project. The Mexico projects would allow Masivo to drill in the winter months as the Boston mine can be challenging with winter storms.

"We are making great progress drilling here at the Boston mine and looking forward to assay results," commented David Coburn, president and chief executive officer of Masivo Silver.

Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's project in Nevada and Mexico, and has approved this news release.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the state of Nevada, United States, and in the state of Sinaloa, Mexico. The company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations is available on the company's website.

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