Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) (FSE: R74) has launched its Phase I diamond drill program at its Cerro Colorado Project in Sonora, Mexico, marking a significant step in its exploration efforts. The program, which involves approximately eight drill holes totaling an estimated 1,500 to 2,000 meters, is designed to systematically test high-priority silver-copper targets identified through geological mapping, surface sampling, and historical data compilation.

High-Grade Targets and Geological Model Validation

David G. Coburn, CEO and Director of Masivo, emphasized the importance of the drilling campaign. He stated that the start of drilling at Cerro Colorado is a key moment for the company, as it seeks to validate its geological model and demonstrate continuity at depth. The initial holes are aimed at confirming the existence of a structurally controlled, expanding silver-copper system with clear evidence of scale at the surface.

Hole A targets a depth of 130 meters, focusing on a zone of polymetallic sulfides that may correspond to a high chargeability anomaly detected in the geophysics program. This anomaly was identified at a depth of 100 meters below the surface. There is strong potential for significantly higher values of silver, gold, copper, lead, and zinc.

Hole B, planned approximately 500 meters northeast of Hole A, targets a depth of 150 meters. It aims to test a high chargeability anomaly and follow up on high-grade values identified in sulfide material from historic mine dumps. Assays from these dumps previously returned 1,840 g/t silver, 4.82 g/t gold, 3.06% copper, 4.55% lead, and 2.92% zinc.

Systematic Testing of Mineralized Structures

Holes C, D, and E are planned between Holes A and B, with the goal of testing the high chargeability anomaly within the same mineralized structure. Hole C and E are designed to reach a target depth of 150 meters, while Hole D is planned to extend deeper to 200 meters.

Holes F and G are planned to reach depths of 150 to 300 meters northeast of Hole B. Their objective is to test the high chargeability anomaly and assess the continuity of the mineralized structure along a well-defined southwest-to-northeast (SW-NE) trend.

Hole H is oriented in a different direction, targeting a southeast-to-northwest (SE-NW) structural system that is perpendicular to the main SW-NE trend. This secondary structural system hosts a gold-copper-silver mineralization style observed in several near-surface historic artisanal workings. These small-scale mines have returned high-grade values, including over 20 g/t gold, 95 g/t silver, and 0.8% copper. The planned depth for these holes is 120 meters.

Historic Data Supports Current Exploration

The Cerro Colorado Project hosts numerous historic workings and surface exposures of silver-copper mineralization. Previous surface sampling has returned encouraging silver and copper values associated with quartz veining, breccia zones, and structurally controlled shear zones. The current drill program represents the first systematic test of several priority targets at depth and is intended to confirm continuity of mineralization below surface exposures.

Historic drilling completed in 2015 by Minera Gold Zone on the southwestern margin of the Cerro Colorado system returned broad, near-surface, polymetallic silver and base-metal mineralization. Some of the notable intercepts include ETCC-15-01, which returned 29.65 meters at 50.74 g/t silver, 0.607% zinc, 0.131% lead, 0.053% copper, and 0.062 g/t gold. Another intercept, ETCC-15-04, returned 35.80 meters at 23.44 g/t silver and 0.406% zinc, with some intervals reaching 577 g/t silver.

These historic intercepts, combined with recent mapping and surface sampling, support the current Phase I drill program designed to test the continuity and structural controls of mineralization at depth. The company will provide updates as the program progresses.

Brian Brewer, PGeo, is Masivo Silver’s qualified person for the company’s projects in Mexico and Nevada and has approved this news release. The company’s press release contains forward-looking information that is based on the company’s current expectations, estimates, forecasts, and projections. Forward-looking information includes, among other things, statements with respect to the company’s exploration plans.