Mogotes Metals: Vicuna: Drilling at Filo Sur Project to Commence

Executive Summary

• Mogotes Metals Inc. will commence a 5,000‑metre diamond drilling campaign on the Filo Sur project in Argentina, targeting high‑priority Porphyry Copper and High Sulfidation Epithermal gold–silver targets.
• Up to two drill rigs will be mobilised; the first rig is expected on site within three weeks to begin work at Cruz del Sur and Stockwork Hills.
• The program will be adaptive, with additional priority targets (e.g., Los Mogotes, Meseta, Cuenca, CDS, SWH) slated for drilling as initial results and surface exploration data become available.

Key Details

• Program Scope: ~5,000 m of diamond drilling planned for the season.
• Rig Deployment: Up to two rigs; first rig arriving within three weeks.
• Initial Targets: Southern, lower‑elevation targets – Cruz del Sur and Stockwork Hills.
• Target Summaries:
• Los Mogotes (Porphyry Cu): 1 600 m × 800 m MT/IP resistivity anomaly; depth to top 200–500 m.
• Meseta (HSE Au‑Ag ± Cu): 1 000 m × 400 m high‑resistivity anomaly; surface quartz‑alunite breccias; rock‑chip assays up to 1.48 g/t Au, 18.8 g/t Ag.
• Cuenca (Epithermal Au‑Ag): Concealed >10 000 Ω·m mushroom‑shaped anomaly; trench assays up to 0.84 g/t Au, 16.2 g/t Ag.
• Cruz del Sur (Porphyry Au‑Cu‑Ag): Footprint ~700 × 400 m; magnetic, chargeable and conductive signatures; trench high‑grade intercepts (e.g., 33 m @ 0.64 g/t Au incl. 3 m @ 2.41 g/t Au).
• Stockwork Hills (Porphyry Cu‑Au): Footprint ~600 × 200 m; chargeable IP anomaly; trench intercepts up to 147 m @ 0.2 g/t Au & 600 ppm Cu.
• Pre‑drill Activities: Road clearance, infrastructure set‑up, supplier coordination already underway at the field camp.
• Adaptive Planning: Ongoing surface exploration and early drill results will guide subsequent target selection throughout the season.
• CEO Comment: “We are now mobilising to start our drilling campaign and expect to have drills turning in a matter of weeks… The team looks forward to sharing updates as the season progresses!” – Allen Sabet, President & CEO.

Notable Quotes

“The results of 3 field seasons of work and significant time and exploration has been the identification of multiple new and exciting drill targets for Mogotes. We are now mobilising to start our drilling campaign…” – Allen Sabet, President & Chief Executive Officer.