Maverick Gold and Silver Completes Drill Program at Silver Vista Property, British Columbia

Samples from the first two holes are at the laboratory, while samples from the remaining holes await shipment.

Rhea-AI Summary

Maverick Gold and Silver (VRCFF) has completed its Silver Vista drill program in British Columbia, with five holes drilled. The program covered 1,316 metres and focused on the MR Zone to follow up on previous drilling. Maverick said drilling finished ahead of schedule. Samples from the first two holes have been sent for laboratory analysis; samples from the remaining holes will be shipped shortly.

Historical 2021 intersections included 46 metres at 48.0 g/t silver and 0.62% copper in SV21-07, and 47.82 metres at 37.0 g/t silver and 0.21% copper in SV21-01. These results were generated by previous operators and have not been independently verified by Maverick.

Positive

• Minor pointSilver Vista drilling completed five holes totaling 1,316 metres, following up on previous MR Zone drilling.
• Minor pointDrilling finished ahead of schedule, Maverick said.
• Minor pointHistorical SV21-07 intersected 46.00 metres at 48.0 g/t silver and 0.62% copper.
• Minor pointHistorical SV21-01 intersected 47.82 metres at 37.0 g/t silver and 0.21% copper.
• Minor pointHistorical MR 91-3 intersected 61.91 metres at 40.5 g/t silver and 0.11% copper.

4 minor points

• Minor pointHistorical MR 92-02 intersected 36.58 metres at 26.8 g/t silver and 0.49% copper, including 2.84 metres at 195.7 g/t and 3.65%.
• Minor pointHistorical SV21-02 intersected 30.06 metres at 30.0 g/t silver and 0.34% copper.
• Minor pointHistorical MR 91-5 intersected 14.33 metres at 114.0 g/t silver and 0.15% copper.
• Minor pointHistorical MR 91-1 intersected 32.87 metres at 34.8 g/t silver and 0.19% copper.

Negative

• Minor pointHistorical drill results remain not independently verified by Maverick; verification work by its qualified person is insufficient.
• Minor pointHistorical metal-equivalent calculations exclude refining and smelting costs, payability, penalties and other modifying factors.

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Vancouver, British Columbia--(Newsfile Corp. - October 8, 2026) - Maverick Gold and Silver Corp., (CSE: MAV) (FSE: VR61) (OTC Pink: VRCFF) ("Maverick" or the "Company") announces that the drill program at the Silver Vista Property, located approximately 55 km from Smithers, B.C., has successfully concluded.

The Silver Vista property is comprised of 17 mineral claims and covers 6,444.5 hectares, or 64.44 square kilometres. This drill program was focused on the MR Zone and was designed to follow up on previous drilling.

The drill program consisted of five (5) NQ sized drill holes for a total of 1,316 metres. Samples from the first two holes have been sent to the laboratory for analysis and the samples from the remaining holes will be shipped to the laboratory shortly.

"The drilling at Silver Vista was completed ahead of schedule, a testament to the quality of the geological and drilling contractors," stated Ian Foreman, P.Geo., Vice President of Exploration of Maverick Gold and Silver.

Drilling focused on the MR Showing and was designed to follow up on the successful 2021 drilling campaign that intersected 46 metres averaging 48.0 grams per tonne (g/t) silver and 0.62 percent (%) copper (or 0.97 % CuEq) in drill hole SV21-07 and 47.82 metres averaging 37.0 g/t silver and 0.21 % copper (or 0.50 % CuEq) in drill hole SV21-01.

Table 1: Highlights of historical drill intersections from the Silver Vista property include:

Hole #	Easting	Northing	FROM	TO	Width	Ag	Cu	AgEq	CuEq
			(m)	(m)	(m)	g/t	%	g/t	%
SV21-07	647472.29	6118264.92	106.00	152.00	46.00	48.0	0.62	102.8	0.97
MR 91-3	647573.03	6118239.66	3.99	65.90	61.91	40.5	0.11	41.5	0.44
MR 92-02	647666.55	6118134.23	176.78	213.36	36.58	26.8	0.49	64.0	0.67
including			192.62	195.46	2.84	195.7	3.65	473.3	4.98
SV21-01	647500.19	6118310.18	151.86	199.68	47.82	37.0	0.21	47.5	0.50
SV21-02	647552.44	6118349.75	171.94	202.00	30.06	30.0	0.34	53.4	0.56
MR 91-5	647487.58	6118181.84	24.38	38.71	14.33	114.0	0.15	102.9	1.08
MR 91-1	647611.15	6118280.04	34.19	67.06	32.87	34.8	0.19	44.0	0.46

 
Silver equivalent (AgEq) and copper equivalent (CuEq) values are provided for comparative purposes only and were calculated using the three-year average for metal prices (US$30.69 per ounce silver and US$4.32 per pound copper), recoveries of 88% for Ag and 92% for Cu (based on recoveries from the comparable deposits of Rock Creek and Libby [https://www.hecla.com/exploration]), with no adjustment for refining costs, smelting costs, payability, penalties, or other modifying factors. [CuEq (%) = ((Cu% x 22 x 4.32 x 0.92) +( Ag g/t / 34.286 x 30.69 x 0.88)) / 4.32 / 2200 and AgEq (g/t) = ((Cu% x 22 x 4.32 x 0.92) +( Ag g/t / 34.286 x 30.69 x 0.88)) / 30.69 x 34.286]. The Company cautions that metal equivalents are not intended to imply that the metals are recoverable in the stated proportions or that the reported equivalent values have economic significance.

The historical drill results referenced above were generated by previous operators of the Silver Vista property, which are available in BC Assessment Report 39889 titled "Report on the Diamond Drilling and Geochemistry on the Silver Vista Property" for Norseman Silver dated March 4, 2022, and BC Assessment Report 38072 titled "Diamond Drilling and Geochemistry (soil and rock) Report on the Silver Vista Property" for Amarc Resources dated March 15, 2019, and have not been independently verified by the Company. The Company believes the historical results are relevant as an indication of the exploration potential of the property; however, a qualified person for the Company has not completed sufficient work to verify the historical data, sampling procedures, analytical methods, quality assurance and quality control protocols, or chain of custody. The Company intends to use the historical information, together with newly collected data and future exploration work, to guide the design of its planned drill program.

Qualified Person

Jeremy Hanson, P.Geo., a consultant to the Company and an independent Qualified Person, as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release.

About Maverick Gold and Silver Corp.

Maverick Gold and Silver Corp. (CSE: MAV) (FSE: VR61) (OTC Pink: VRCFF) is an exploration-stage company advancing a portfolio of high-potential gold, silver, and copper properties. The Company is focused on Nevada and British Columbia, mining-friendly jurisdictions that have established infrastructure, predictable permitting, and supportive regulatory frameworks.

Additional information about Maverick Gold and Silver is available on the Company's website at www.maverickgoldsilver.com.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

On Behalf of the Board of Maverick Gold and Silver Corp.

"Glen R. Watson"

Glen R. Watson
President & CEO

For further information, please contact:

Glen Watson, President & CEO
Phone: +1 (604) 803-5229
E-mail: glen@maverickgoldsilver.com

Cautionary Note Regarding Forward-Looking Information

This news release may contain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information in this news release may include, but is not limited to, the Company's exploration and development plans, future exploration programs, business objectives, strategic plans, and expectations regarding the Company's operations, financial condition, and growth opportunities.

Forward-looking information is provided to inform the Company's shareholders and potential investors about the Company's current expectations and plans relating to the future and may not be appropriate for other purposes. Forward-looking information is often identified by words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "potential", "may", "will", "would", "could", "should", and similar expressions, although not all forward-looking information contains these identifying words.

Forward-looking information is based on a number of assumptions that the Company believes to be reasonable at the time such statements are made, including, but not limited to, assumptions regarding the Company's ability to successfully execute its exploration and development plans, and operate in a stable regulatory, economic, and business-friendly environment. These assumptions, while considered reasonable, may prove to be incorrect.

Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, without limitation, risks inherent in mineral exploration and development, operational and technical risks, fluctuations in commodity prices, availability of financing, general economic, market, and business conditions, regulatory and environmental risks, and other risks disclosed in the Company's public filings filed on SEDAR+ at www.sedarplus.ca.

Although the Company believes that the forward-looking information that may be contained in this news release is reasonable based on information currently available, readers are cautioned not to place undue reliance on such information, as there can be no assurance that such expectations will prove to be correct. Forward-looking information that may be contained in this news release is only relevant as of the date of this release. Except as required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318111

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much drilling did Maverick Gold and Silver complete at Silver Vista?

Maverick completed five NQ-sized drill holes totaling 1,316 metres at Silver Vista. Drilling focused on the MR Zone to follow up on previous drilling. Samples from the first two holes have been sent to the laboratory, and samples from the remaining holes will be shipped shortly.

What assumptions underpin Maverick Gold and Silver's historical Silver Vista metal-equivalent values?

The metal-equivalent values use three-year average prices of US$30.69 per ounce silver and US$4.32 per pound copper, with assumed recoveries of 88% for silver and 92% for copper based on comparable deposits. They exclude refining and smelting costs, payability, penalties and other modifying factors. Maverick cautions that these comparisons do not imply recoverability in the stated proportions or economic significance.