Surface Metals Inc. Confirms Open Mineralization and Expansion Potential at Cimarron Gold Project, Nevada

Executive Summary

• Surface Metals completed a digitized historical drill database for the Cimarron Gold Project, encompassing 234 holes (~18,066 m) and confirming substantial upside potential.
• Notable historic intercepts include 32.01 m @ 2.23 g/t Au and 56.39 m @ 0.52 g/t Au located outside the existing ~50,000 oz resource outline.
• The company plans a maiden drill program in 2026 to target high‑priority zones identified from the new 3‑D model, aiming to expand the resource toward an open‑pit, heap‑leach operation.

Key Details

• Database Scope: 234 historical drill holes; total depth ≈ 18,066 m.
• Resource Context: Existing historic estimate (~50,000 oz Au) is non‑NI 43‑101 and unverified by Surface Metals.
• Significant Historic Intercepts:
• 32.01 m grading 2.23 g/t Au (outside current resource boundary).
• 56.39 m grading 0.52 g/t Au (outside current resource boundary).
• Exploration Implications: ~30% of shallow holes terminate within mineralization, indicating potential for deeper drilling to expand the deposit.
• Geological Insight: Mineralized zones remain open along strike and at depth; three isolated zones appear to merge at depth per cross‑section (Figure 1).
• Future Work: Maiden 2026 drill program targeting high‑priority zones identified in 3‑D modelling of historic data, with the goal of increasing the resource estimate and moving toward economic viability for an open‑pit, heap‑leach mine.
• Qualified Person Review: Douglas Murray, P.Geo., reviewed and approved all scientific and technical information.

Notable Quotes

“Our review demonstrates that the gold system at Cimarron has not been fully tested. The combination of shallow historical drilling and open trends presents a compelling opportunity to expand the known gold mineralization,” – Steve Hanson, President & CEO.