Mogotes Metals to begin drilling at Filo Sur

Executive Summary

• Mogotes Metals Inc. will commence a new drilling campaign on the Filo Sur project in Argentina, targeting up to 5,000 m of diamond drilling across high‑priority porphyry copper and high‑sulphidation epithermal gold‑silver targets.
• Two drill rigs are being mobilized; the first rig is expected on site within three weeks to begin work at the Cruz del Sur and Stockwork Hills targets.
• The program builds on extensive prior field work, geophysical anomalies, and surface sampling that have identified multiple promising targets (Los Mogotes, Meseta, Cuenca, CDS, SWH) with notable assay results (e.g., up to 2.41 g/t Au at CDS trench).

Key Details

• Program Scope: Approx. 5,000 m of diamond drilling planned for the season; up to two rigs will be operated.
• Timeline: First rig arrival expected within three weeks; initial drilling on southern, lower‑elevation targets (Cruz del Sur & Stockwork Hills).
• Target Highlights:
• Los Mogotes (PCD): 2.5 km south of Filo del Sol; large MT/IP resistivity anomaly (1,600 m × 800 m); shallow depth (200‑500 m).
• Meseta (HSE): 1,000 m × 400 m MT/IP anomaly; rock‑chip assays up to 1.48 g/t Au and 18.8 g/t Ag.
• Cuenca (Epithermal): Concealed mushroom‑shaped >10,000 Ω·m resistivity body; chip assays up to 0.84 g/t Au and 16.2 g/t Ag.
• Cruz del Sur (CDS – Porphyry Gold/Cu‑Ag): Shallow target (~300 m depth); trench assays up to 2.41 g/t Au over 33 m intervals.
• Stockwork Hills (SWH – Porphyry Cu‑Au): Shallow target (~350 m depth); trench assays up to 0.29 g/t Au and 0.32 % Cu over 12 m intervals.
• Pre‑drill Activities: Road clearance, camp infrastructure set‑up, supplier coordination already underway in Argentina.
• Adaptive Planning: Drilling program will be adjusted based on results from initial holes and concurrent surface exploration (e.g., Camino and Rincon targets).
• Management Comment: CEO Allen Sabet emphasized that three field seasons have generated multiple new drill targets and the company is mobilizing to begin drilling “in a matter of weeks.”

Notable Quotes

“The results of three 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 mobilizing to start our drilling campaign and expect to have drills turning in a matter of weeks.” – Allen Sabet, CEO, Mogotes Metals Inc.