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Masivo Silver Corp (2)
Symbol MASS
Shares Issued 42,367,367
Close 2025-04-24 C$ 0.085
Market Cap C$ 3,601,226
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Masivo plans drilling at Cerro Colorado

2025-04-24 17:42 ET - News Release

Mr. David Coburn reports

MASIVO ANNOUNCES DRILL PROGRAM AT CERRO COLORADO

Masivo Silver Corp. has completed its strategic drill target program design at the Cerro Colorado property, located in Sonora, Mexico. An eight-hole, 1,300-metre drill program was designed by senior Mexican geologist Jorge Rafael Gallardo, with guidance from PGeo Brian Brewer and PGeo Mark Bailey.

Chief executive officer David Coburn commented: "We're thrilled to launch our highly anticipated drill program at Cerro Colorado. With an exceptional technical team, Mark Bailey, Brian Brewer and Jorge Rafael Gallardo, who bring a proven history of success in the region, we're confident this program will unlock significant value and advance our understanding of the property's potential."

Masivo's drill program will include the following.

Hole A

Hole A targets a depth of 130 metres, with the objective of hitting a zone of polymetallic sulphides that may correspond to an anomaly of high chargeability found in the geophysics program or induced polarization at a depth of 100 metres below surface. There is strong potential for significantly higher values of silver, gold, copper, lead and zinc.

Hole B

This hole is planned approximately 500 metres northeast of hole A, targeting a depth of 150 metres. The objective is to test a high chargeability anomaly and follow up on high-grade values identified in sulphide material from the dumps of historic mine workings, which returned assays of 1,840 grams per tonne silver, 4.82 g/t gold, 3.06 per cent copper, 4.55 per cent lead and 2.92 per cent zinc.

Holes C, D and E

These holes are planned between holes A and B, with the objective of testing the high chargeability anomaly within the same mineralized structure. Hole C and E are designed to reach a target depth of 150 metres, while hole D is planned to extend deeper to 200 metre.

Holes F and G

These holes are planned to reach depths of 150 to 300 metres northeast of hole B. The objective is to test the high chargeability anomaly and assess the continuity of the mineralized structure along a well-defined southwest-to-northeast trend.

Holes H

This hole is oriented in a different direction, targeting a southeast-to-northwest structural system that is perpendicular to the main southwest-to-northeast trend.

This secondary structural system hosts a gold-copper-silver mineralization style, observed in several near-surface artisanal workings developed by local gambusinos. These small-scale mines have returned high-grade values, including over 20 g/t gold, 95 g/t silver and 0.8 per cent copper. The planned depth for these holes is 120 metres.

Senior Mexican geologist Mr. Gallardo commented: "It's extremely exciting to identify two distinct structural systems on the property -- one controlling Ag-Au-Cu-Pb-Zn mineralization and the other hosting Au-Cu-Ag. The intersection of these structures has the potential to create highly fractured and porous zones, ideal pathways for mineralizing fluids. These conditions significantly enhance the potential to discover high-grade mineralization."

Qualified person

Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, 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.

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