Masivo Silver Extends and Completes First Hole at Cerro Colorado Project

Masivo Silver announced that its inaugural Phase I drill hole (CC‑26‑001) at the Cerro Colorado project in Sonora, Mexico was completed and subsequently extended after intersecting 35.1 m of visibly mineralized quartz veinlets containing pyrite, sphalerite, freibergite, galena and minor chalcopyrite. All core from this interval has been sent to an accredited lab for assay; results are pending. A second hole (CC‑26‑002) is already underway at ~180 m depth.

• Expectation vs. outcome: The Phase I program was launched on 2026‑02‑26 with the explicit goal of testing high‑priority silver‑copper targets. Extending the first hole because of visible mineralization aligns with those expectations and confirms that the target zone is at least open‑pit to depth.
• New information: The extension itself adds no new target definition, but it demonstrates continuity of alteration and sulfide mineralisation over a 35 m interval – a positive validation of the geological model.
• Market impact: Because the drill program was already announced and investors anticipated early results, the news is incremental rather than surprising. Consequently the rating is Routine – Positive; the price reaction should be modestly supportive but not a catalyst for a large move.

Masivo Silver Corp. is an exploration company focused on polymetallic silver‑gold‑copper systems in North America. Its flagship asset is the Cerro Colorado Project (≈2,649 ha) in Sonora, Mexico, held under a 10‑year land‑use agreement (annual fee ≈US$60). Historic drilling (2015) returned high‑grade near‑surface intercepts (e.g., >400 g/t Ag, >0.9 % Cu). The current Phase I program targets eight holes (~1,300 m total depth) to test chargeability anomalies and historic mineralised zones.