Masivo Silver continues Cerro Colorado drilling prep

Executive Summary

• Masivo Silver Corp. is advancing its Cerro Colorado silver-gold project in Sonora, Mexico, toward the commencement of a 1,500-metre Phase I drill program.
• Environmental approvals and private property access agreements are in place, with field crews, equipment, and drilling contractors currently mobilized to the site.
• The initial drill program aims to test priority targets identified through surface sampling, geological mapping, and historical data, with a focus on discovering high-grade silver mineralization.

Key Details

• Drill Program Scope: Phase I program consists of 1,500 metres of drilling.
• Project Location: Cerro Colorado project, Sonora, Mexico.
• Current Status: Final stages of preparation; environmental approvals secured; private property access agreement obtained.
• Field Activities:
  • Mobilization of field crews, drill crews, and equipment.
  • Rehabilitation of access routes to priority target areas.
  • Construction of drill pads.
  • Securing of drilling contractors and water supply infrastructure.
  • Finalizing logistics for continuous drilling.
• Historical Sampling Data:
  • Sample 1 (Nov 1972): Collected from a collapsed tunnel on the main mineralized structure by Ing. Adalberto Vazquez P. Returned 2,200 g/t Ag and 4.57 g/t Au.
  • Sample 2: Collected approx. 400 metres northeast from mine dump material associated with another collapsed tunnel. Returned 1,840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb, and 2.92% Zn.
  • Note: Management states these samples are selective and may not be representative of broader mineralization but provide geological context for a multimetal system.
• Technical Oversight:
  • Supervised by Senior Geologist Jorge Rafael Gallardo.
  • Qualified Person (NI 43-101): Mark Bailey, PGeo.
  • Reviewed and approved by Brian Brewer, PGeo.
• Stock Option Grant:
  • Granted 2.55 million stock options to directors, officers, and consultants.
  • Exercise Price: $0.085 per share.
  • Term: Five years.

Notable Quotes

• David Coburn, President and CEO: "We are excited to launch our maiden drill program at Cerro Colorado. After significant effort compiling historical information, completing detailed geological mapping and carrying out systematic sampling, we have selected what we believe are the most geologically compelling targets. There is scale potential as seen with the historical sampling over a large mineral system footprint. The upcoming drill program is designed to test these targets for the potential to make a silver discovery."
• Jorge Rafael Gallardo, Senior Geologist: "The historic samples at Cerro Colorado clearly demonstrate that this is a productive mineral system capable of returning high grades over a significant footprint. While these results are selective and historical in nature, they provide invaluable geological insight and strongly support our current targeting strategy. We are confident that the upcoming drill program is designed to properly evaluate the scale and continuity of this mineralized system."