DPM Metals drills 68.3 m of 7.42 g/t AuEq at Chelopech

Executive Summary

• DPM Metals Inc. announced the discovery of new high-grade mineralization at the Wedge Zone Deep (WZD) target within the Chelopech mine concession in Bulgaria.
• The discovery is located approximately 300 metres below existing mineral reserves and current mine infrastructure, highlighting significant exploration potential at depth.
• The company plans to allocate $2 million to $3 million for 10,000 metres of infill and delineation drilling to assess the geometry and resource potential of the WZD target, with operations expected to conclude by the end of Q1 2026.

Key Details

• Drill Hole EX_WZD_210_01: 68.3 metres at 7.42 g/t AuEq (comprising 6.92 g/t Au, 0.30% Cu, 10.50 g/t Ag) from 590.7 metres downhole.
  • Includes 28 metres at 13.41 g/t AuEq (comprising 12.78 g/t Au, 0.39% Cu, 17.75 g/t Ag).
• Drill Hole EX_WZD_210_01A: 48.1 metres at 9.41 g/t AuEq (comprising 8.99 g/t Au, 0.26% Cu, 12.23 g/t Ag) from 594.9 metres downhole.
  • Includes 36 metres at 11.63 g/t AuEq (comprising 11.12 g/t Au, 0.31% Cu, 14.61 g/t Ag).
• Drill Hole EX_WZD_210_01B: 14 metres at 13.41 g/t AuEq (comprising 12.58 g/t Au, 0.51% Cu, 16.57 g/t Ag) from 601 metres downhole.
• Drill Hole EX_WZD_165_01: 40 metres at 12.40 g/t AuEq (comprising 11.54 g/t Au, 0.53% Cu, 17.70 g/t Ag) from 456 metres downhole.
  • Includes 31 metres at 14.84 g/t AuEq (comprising 13.81 g/t Au, 0.63% Cu, 19.83 g/t Ag).
• Geological Context: The mineralization is hosted in diorite and phreato-magmatic breccias, controlled by northwest-southeast and east-west structures near the Petrovden fault. It manifests as wide, continuous zones of massive sulphides transitioning to hydrothermal breccia and sulphide stockworks.
• Exploration Status: Four drill holes totaling 3,120 metres have been completed on the WZD target to date, with two additional holes currently in progress. The mineralization remains open in multiple directions (strike, down-dip, and up-dip) over a strike length of approximately 110 metres.
• Future Plans: The company is allocating $2–3 million for 10,000 metres of infill and delineation drilling to be completed by the end of Q1 2026. Options for developing underground infrastructure to support this drilling are also being evaluated.
• Strategic Impact: The discovery supports DPM's target of extending the Chelopech mine life to over 10 years, as deeper levels on the northern flank were historically underexplored.

Notable Quotes

• "We are excited by the discovery high-grade mineralization at the Wedge Zone Deep target at Chelopech, which underscores the significant exploration potential at our core operation. These impressive results highlight long-term potential to add high-grade mineral resources within the Chelopech mine concession, extend mine life and enhance long-term value for all stakeholders," said David Rae, president and chief executive officer of DPM Metals.