First Andes drills 6.20 m of 190.5 g/t AgEq in Peru

Executive Summary

• First Andes Silver released high‑grade silver assay results from its 2,000 m 2025 drill program at the 100% owned Santa’s Gloria project in Peru.
• Multiple holes intersected strong silver‑equivalent grades (e.g., SG017: 190.5 g/t AgEq over 6.20 m; SG022: 268.2 g/t AgEq over 3.90 m; SG019: 350.4 g/t AgEq over 1.10 m).
• The results confirm the presence of an extensive, intact intermediate‑sulphidation epithermal system with deep sulphide potential, prompting permitting of additional drill pads and supporting a compelling discovery outlook.

Key Details

• Drill Program Scope: Completed 2,025 m in 14 holes (2025 campaign).
• Assay Coverage: Full assays received for holes SG016‑SG022; results pending for SG023‑SG029.
• Hole SG017 (San Jorge): 190.5 g/t AgEq (164.8 g/t Ag, 0.20 g/t Au, 0.17 % Pb, 0.23 % Zn) over 6.20 m from 174.70 m; includes 578.6 g/t AgEq over 0.60 m from 176.80 m.
• Hole SG022: 268.2 g/t AgEq (248.5 g/t Ag, 0.12 g/t Au, 0.32 % Pb, 0.14 % Zn) over 3.90 m from 91.90 m; includes 638.1 g/t AgEq over 0.70 m from 95.10 m.
• Hole SG019: 350.4 g/t AgEq (332.1 g/t Ag, 0.11 g/t Au, 0.10 % Pb, 0.68 % Zn) over 1.10 m from 109.80 m; includes 443.2 g/t AgEq over 0.50 m from 110.40 m.
• Historical Mining Voids: Intercepted in holes SG016, SG018, SG019 at the onset of mineralized zones.
• Vein System Context: Drilling targeted San Jorge sulphide zones beneath previously intersected oxide zones; results indicate deep groundwater penetration and leaching, suggesting a preserved sulphide‑rich system open at depth.
• Permitting Activity: Additional drill pads are being permitted along San Jorge and other untested veins (e.g., Kelly vein with surface channel grades up to 56.3 g/t Au).
• QA/QC: Core samples processed by AHK Group, ISO/IEC‑17025 & ISO‑9001 compliant; core recovery >90 %; all batches passed QA/QC tolerances.
• Qualified Person: Dr. Christopher Wilson (Chief Geologist, First Andes Silver) reviewed and approved technical information under NI 43‑101.

Notable Quotes

“Results from our 2025 drill program confirm we are testing the upper levels of a large, mineralized intermediate sulphidation system at San Jorge. Strong silver grades, vein textures, extensive oxidation and leaching of base metal sulphides all point to a fully intact sulphide‑rich system preserved at depth and open in all directions… the opportunity for significant discovery remains compelling.” – Colin Smith, CEO & Director, First Andes Silver Ltd.