Mercado identifies targets at Copalito project

Executive Summary

• Mercado Minerals Ltd. released detailed interpretations of recent LiDAR and airborne magnetics surveys conducted at its Copalito project in Mexico.
• The analysis identified multiple new exploration targets, including previously unknown adits, pits, shafts, and vein segments, which will guide future sampling, mapping, and potential drill testing.
• The survey data, processed by GeoCloud Analytics, successfully correlated with known structures and revealed magnetic linear features extending beyond current drilling limits, increasing confidence in the project's exploration potential.

Key Details

• LiDAR Analysis Results:
  • Identified 21 adits (19 previously known, 2 newly recognized).
  • Mapped 56 pits (12 known, 44 newly interpreted).
  • Documented 1 shaft.
  • Outlined 57 vein segments (12 known, 45 newly interpreted structures).
  • Detected 64 outcrops across the project area.
• Geophysical Survey Findings:
  • High-resolution airborne magnetic survey showed broad correlations between reduced-to-pole first vertical derivative data and known structures/veins.
  • Identified magnetic linear features continuing beyond the limits of existing drilling.
  • Identified similar features outside the main exploration area, some overlapping with newly identified potential adits, pits, shafts, and veins.
• Next Steps:
  • Planning is underway to sample, map, and evaluate the newly generated targets.
  • Targets are being prepared for potential drill testing to demonstrate the full potential of the Copalito project.
• Technical Partner:
  • LiDAR analysis completed by GeoCloud Analytics (Melbourne, Australia), utilizing semi-automated structural extraction and machine learning to transform raw topographic data into actionable geological intelligence.
• Regulatory Compliance:
  • Technical information reviewed and approved by Kelson Willms, PGeo, of Archer, Cathro & Associates (1981) Ltd., a Qualified Person under National Instrument 43-101.

Notable Quotes

• "The lidar survey is a great tool to help guide our team to new areas of interest. Lidar analysis, in conjunction with the airborne magnetics, successfully identified many of the known veins and structures without having access to that existing information. This gives us more confidence in the new potential veins and structures identified by the interpretation method. The goal is to generate new targets for future drilling and to start to show the full potential of the Copalito project." — Daniel Rodriguez, CEO and Director