Mercado Minerals begins geophysical surveys at Copalito

Executive Summary

• Mercado Minerals Ltd. has commenced the first phase of geophysical surveys at its Copalito project in Sinaloa, Mexico, consisting of a high-resolution UAV magnetic survey followed by a drone LiDAR survey.
• The magnetic survey, conducted by Jesus Mendez Geoconsultores, covers 1,885 hectares with 50-metre line spacing to map known veins and explore unexplored areas.
• The LiDAR survey, contracted to GeoDigital Imaging de Mexico, will cover 1,867 hectares and is scheduled to begin in the first week of February to enhance topographic detail and support geological mapping.

Key Details

• Magnetic Survey Scope: Covers 1,885 hectares at the Copalito project.
• Magnetic Survey Method: High-resolution UAV (drone) survey using 50-metre line spacing.
• Magnetic Survey Contractor: Jesus Mendez Geoconsultores.
• Magnetic Survey Objective: Map known veins and their extensions; provide data over previously unexplored areas.
• LiDAR Survey Scope: Covers 1,867 hectares.
• LiDAR Survey Contractor: GeoDigital Imaging de Mexico.
• LiDAR Survey Timeline: Expected to commence in the first week of February, following the completion of the magnetic survey.
• LiDAR Survey Objective: Enhance topographic detail, focus on known vein systems and potential extensions, and identify additional unexplored zones.
• Strategic Context: Integration of geophysical data with existing geochemical data to understand subsurface structures in preparation for an upcoming diamond drill program.
• Qualified Person: Kelson Willms, PGeo, of Archer Cathro & Associates (1981) Ltd., reviewed and approved the technical information in accordance with NI 43-101.

Notable Quotes

• "Geophysics is an important step in advancing Copalito. We have extensive geochemical data, and integrating it with magnetic survey results will help us better understand the subsurface structures as we prepare for our upcoming diamond drill program. The lidar survey will also support our geological team in Mexico by improving surface mapping and helping identify new prospective areas for future exploration." — Daniel Rodriguez, CEO and Director