Azucar Minerals to start exploration in Nevada

Executive Summary

• Azucar Minerals will commence copper‑gold exploration in central Nevada, initiating IP geophysical surveys and logistical studies for a near‑term drill program at Confusion Hills.
• High‑grade grab samples (up to 7.1 g/t Au) and NI 43‑101 check samples (max 10.05 g/t Au) were returned from Confusion Hills, supporting the prospectivity of the three Nevada properties.
• Drill permits have been approved for all three projects (Pilot, Confusion Hills, Red Ring), positioning the company to begin drilling later in 2025–2026.

Key Details

• Properties & Interests: Azucar holds options to acquire a 60 % interest in three Nevada properties – Pilot, Confusion Hills, and Red Ring.
• Confusion Hills (high‑sulphidation prospect):
• Grab samples: up to 7.1 g/t Au; four NI 43‑101 check samples ranging from 0.08 g/t to 10.05 g/t Au, average 2.6 g/t Au.
• IP survey identified a chargeability anomaly adjacent to gold‑bearing breccia.
• Drill permit approved; logistical studies underway for first‑pass drilling.
• Red Ring (porphyry‑epithermal prospect):
• Recent IP lines show high resistivity in silicified rock near surface and deeper chargeability features.
• Additional IP surveys planned to delineate anomaly scale.
• Pilot (copper‑gold‑molybdenum porphyry prospect):
• Mapping revealed veined tonalite porphyry bodies, pyrophyllite alteration, and multiple vein styles (magnetite, A‑type, B‑veins, D‑type).
• Soil sampling defined a broad Cu‑Mo‑Au anomalous zone coincident with IP chargeability and magnetic highs.
• Drill permit approved; further IP work to refine drill orientation scheduled immediately.
• Geophysical & Mapping Work (2024‑2025):
• IP, drone‑based magnetics, and detailed alteration mapping completed across all three projects by Almadex.
• Red Ring lithocap extends ~2.8 km × 1 km; Confusion Hills lithocap covers ~1.6 km × 0.5 km.
• Technical Oversight:
• CEO Morgan J. Poliquin, PhD, PEng (qualified person) reviewed and approved the release.
• Independent NI 43‑101 reports authored by Brian Brewer, MSc, CPG filed on SEDAR+.
• Analytical Methods: Samples analyzed at ALS Chemex Laboratories (Reno & North Vancouver) using fire assay/AAS; >10 g/t Au re‑analyzed with gravimetric finish.

Notable Quotes

“These new and past results taken from hydrothermally altered and veined breccia material are highly encouraging,” – Morgan J. Poliquin, President & CEO, Azucar Minerals Ltd.