Masivo Acquires Drill Ready Gold, Silver, Copper Breccia Pipe - Pophyry Project in Mexico

Rhea-AI Summary

Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) has signed an LOI to acquire the Cerro Colorado project in Sonora, Mexico. The project, located 28 KM northwest of Alamos and 11 KM north of the Piedras Verdes copper mine, comprises two mineral concessions totaling 2,649 hectares.

Initial exploration has revealed promising results from historical samples, including:

• 2,200 g/t Ag and 4.57 g/t Au from an old collapsed tunnel
• 1,840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb, and 2.92% Zn from selective dump samples
• Surface samples showing 7.2 meters true-wide with 0.75g/t Au, 159 g/t Ag, and various base metals

The company has completed mapping, sampling, soil geochemistry, and induced polarization studies in a 1,200m x 200m area. A planned drilling program of 8 holes will utilize a $75,000 drill credit with a Mexican drilling company.

Positive

• High-grade historical samples: up to 2,200 g/t Ag and 4.8 g/t Au
• Strategic location near major copper mine Piedras Verdes
• Completed initial exploration work with promising results
• $75,000 drill credit available for planned drilling program

Negative

• Results based on historical data, not verified by current standards
• Early-stage project with no proven resources
• Acquisition terms and costs not disclosed

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2025) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company") is pleased to announce the signing of an LOI to acquire a Gold, Silver and Copper project in the state of Sonora, 28 KM northwest of Alamos, Sonora and 11 KM north of one of the largest private Mexican open pit copper mines in Mexico called Piedras Verdes.

The Cerro Colorado project contains 2 mineral concessions, the El Tacon Dos (Cerro Colorado) concession with 774 Hectares (1911 Acres) and the Valle del Cobre concession with 1875 Hectares (4631 Acres).

The company has completed a program of mapping and sampling, soil geochemistry and a geophysics program - induced polarization in an area of 1200 meters long by 200 meters wide where strong brecciation with strong phyllic alteration, mainly sericite and iron oxides, is observed.

In the southwest part of the project, in an old collapsed tunnel in the main structure a historical sample taken from the mineralized zone returned 2200 g/t Ag and 4.57 g/t Au.

Four hundred meters to the NE of the high grade sample in another collapsed tunnel were a selective sample of the old dumps in this mineral concession was assayed and returned values at 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb and 2.92 % Zn.

One hundred meters to the northwest from the old dump a hand-made trench was opened obtaining surface samples with strong anomalies that returned 7.2 meters true-wide with 0.75g/t Au, 159 g/t Ag, 0.24% Cu, 0.52 % Pb, 0.29% Zn , these extremely anomalous values confirm the same geochemical sign of the polymethalic mineralization in sulphides found below the surface in the old workings in the leached zone of the breccia outcrop.

On the surface, the alteration zone is heavily leached; multiple box works of different types of sulfides that were leached are clearly observed. Surface sampling returned values ​​of between 12 to 561 g/t Ag and very anomalous values ​​of Gold and Copper. This is a very rich mineral area and falls on the same trend as the Piedras Verdes mining project, giving the Masivo technical team great excitement.

Quote from Mexican Senior Geologist Rafael Gallardo, "This is one of the best projects I have worked on in Mexico in my 40 years as a Mexican Geologist in many different areas of Mexico and we are finally ready to move forward, we are very excited to drill this target, we hope to find similar polymetalic values ​​at depth where a strong high chargeability anomaly was detected 80 meters below the surface."

Rafael Gallardo is a Senior Geologist with 40 years of experience in exploration, he has been a consultant for Minera Cascabel since 1992, he is currently Director of Prismo Metals Inc., Senior Exploration Manager of Infinitum Copper Inc., and technical advisor to Reyna Gold, he is the main generator of the advanced projects Los Pavitos of Prismo Metals and La Adelita of Infinitum Copper currently under exploration and which are very close to our Cerro Colorado project.

David Coburn says, "The Masivo technical team lead by Mark Bailey and Brian Brewer QP have been collaborating with the Mexican Geological team led by Rafael Gallardo for a Cerro Colorado drill program. The Masivo team feels that this will be a perfect complement to the Boston Mine project in Nevada which can have some challenging weather in the winter months. The terms of the Cerro Colorado project has very favorable terms and eliminates up front cash risk for our shareholders."

Masivo's QP Brian Brewer has taken some personal time off and is now on his way back to the Boston Mine project, we should expect drill results in the near future.

Mark Bailey was the CEO/Founder of Mine Finders which he sold to Pan American Silver for $1.5 Billion and Brian Brewer was the head of exploration for Mine Finders.

A series of 8 drill holes are being modeled by Mexican Senior Geologist Rafael Gallardo. Masivo will use its $75,000 drill credit with a Mexican Drill company for this drill program.

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, US, 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 at www.masivosilver.com or email davidcoburn@masivosilver.com.

ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-Looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242413

FAQ

What mineral grades were found in Masivo Silver's (GNYPF) Cerro Colorado project samples?

Historical samples showed up to 2,200 g/t Ag and 4.57 g/t Au in one tunnel, and 1,840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb, and 2.92% Zn in another location.

How large is Masivo Silver's (GNYPF) new Cerro Colorado acquisition in Mexico?

The project consists of two concessions: El Tacon Dos (774 hectares) and Valle del Cobre (1,875 hectares), totaling 2,649 hectares.

What exploration work has been completed at GNYPF's Cerro Colorado project?

The company has completed mapping, sampling, soil geochemistry, and induced polarization studies in a 1,200m x 200m area with strong brecciation and phyllic alteration.

What is Masivo Silver's (GNYPF) planned drilling program for Cerro Colorado?

The company plans to execute 8 drill holes using a $75,000 drill credit with a Mexican drilling company.