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Masivo Silver Commences Drilling Hole Number 7 In Nevada

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Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) has completed drilling hole No.6 at 279.9 feet and started drilling hole No.7, targeting 280 feet depth. Both holes aim to test strong historical IP anomalies related to sulfide mineralization in the skarn geology. The company is conducting metallic screen assays on holes No.2 and No.3 due to visible gold presence. Notable results from Hole No.1 include 55 feet of 0.99% Cu, 1.52 g/t Au and 30.35 g/t Ag starting at 65 feet. Masivo is exploring gold and silver opportunities in Mexico, with a $75,000 drill and exploration credit available.

Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ha completato il pozzo di perforazione n.6 a 279,9 piedi e ha iniziato la perforazione del pozzo n.7, puntando a una profondità di 280 piedi. Entrambi i pozzi mirano a testare forti anomalie IP storiche legate alla mineralizzazione da solfuro nella geologia skarn. L'azienda sta conducendo analisi su schermi metallici sui pozzi n.2 e n.3 a causa della presenza visibile di oro. I risultati notevoli del pozzo n.1 includono 55 piedi di 0,99% Cu, 1,52 g/t Au e 30,35 g/t Ag che iniziano a 65 piedi. Masivo sta esplorando opportunità per oro e argento in Messico, con un credito di perforazione e esplorazione disponibile di $75.000.

Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ha completado la perforación del pozo No.6 a 279.9 pies y ha comenzado la perforación del pozo No.7, apuntando a una profundidad de 280 pies. Ambos pozos tienen como objetivo probar fuertes anomalías IP históricas relacionadas con la mineralización de sulfuros en la geología skarn. La compañía está realizando ensayos de pantalla metálica en los pozos No.2 y No.3 debido a la presencia visible de oro. Los resultados notables del pozo No.1 incluyen 55 pies de 0.99% Cu, 1.52 g/t Au y 30.35 g/t Ag comenzando a 65 pies. Masivo está explorando oportunidades de oro y plata en México, con un crédito de perforación y exploración de $75,000 disponible.

Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF)는 279.9피트에서 6번 홀 드릴링을 완료하고 280피트 깊이를 목표로 7번 홀 드릴링을 시작했습니다. 두 홀 모두 스카른 지질에서 황화 광물화와 관련된 강한 역사적 IP 이상을 테스트하는 것을 목표로 합니다. 회사는 가시적인 금의 존재로 인해 2번 및 3번 홀에서 금속 스크린 분석을 수행하고 있습니다. 1번 홀의 주목할 만한 결과는 65피트에서 시작하여 0.99% Cu, 1.52 g/t Au 및 30.35 g/t Ag의 55피트를 포함합니다. Masivo는 멕시코에서 금과 은의 기회를 탐색하고 있으며, $75,000의 드릴링 및 탐사 크레딧이 제공됩니다.

Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) a terminé le forage du trou n°6 à 279,9 pieds et a commencé le forage du trou n°7, visant une profondeur de 280 pieds. Les deux trous visent à tester de fortes anomalies IP historiques liées à la minéralisation par sulfure dans la géologie skarn. L'entreprise effectue des analyses de tamisage métalliques sur les trous n°2 et n°3 en raison de la présence visible d'or. Les résultats notables du trou n°1 comprennent 55 pieds de 0,99 % Cu, 1,52 g/t Au et 30,35 g/t Ag à partir de 65 pieds. Masivo explore des opportunités d'or et d'argent au Mexique, avec un crédit de forage et d'exploration de 75 000 $ disponible.

Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) hat die Bohrung des Lochs Nr. 6 bei 279,9 Fuß abgeschlossen und mit der Bohrung des Lochs Nr. 7 begonnen, das 280 Fuß tief zielen soll. Beide Löcher zielen darauf ab, starke historische IP-Anomalien zu testen, die mit Sulfidmineralisierung in der Skarngeologie verbunden sind. Das Unternehmen führt metallurgische Siebanalysen an den Löchern Nr. 2 und Nr. 3 durch, da visibles Gold vorhanden ist. Bemerkenswerte Ergebnisse aus Loch Nr. 1 umfassen 55 Fuß von 0,99% Cu, 1,52 g/t Au und 30,35 g/t Ag, beginnend bei 65 Fuß. Masivo erkundet Gold- und Silbermöglichkeiten in Mexiko, mit einem verfügbaren Bohr- und Explorationskredit von 75.000 $.

Positive
  • Hole No.1 showed significant mineralization with 0.99% Cu, 1.52 g/t Au and 30.35 g/t Ag over 55 feet
  • Company has $75,000 drill and exploration credit for Mexico operations
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - November 6, 2024) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company") is pleased to announce that it has finished the drilling of hole No.6 at 279.9 feet with the objective of testing of the strong historical IP anomalies that are interpreted to reflect sulfide mineralization that is part of the skarn geology, Masivo Silver has now commenced the drilling of hole No.7 targeting a depth of 280 feet with the objective to test the strong IP anomaly to the south of mine area.

Due to common observed presence of visible gold in the mineralized samples from the Boston Mine, Masivo is conducting metallic screen assays on samples for hole No.2 and No.3 that returned significant gold values. This is a common analytical practice where coarse gold can create a "nugget" effect that can both under and over estimate sample assay results.

Highlights for Hole No.1

Results from the first drill hole indicate that Masivo's geological model and projected target zones appear to be accurate. Hole No. 1 encountered two projected mineralized zones. Significant drill intercepts include 55 feet (drilled width) of 0.99% Cu, 1.52 g/t Au and 30.35 g/t Ag starting at 65 feet down hole.

The company is currently analyzing several gold and silver opportunities in Mexico to possibly acquire in the future. The company also has a $75,000 drill and exploration credit to use in Mexico.

Qualified Person

Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada and has approved this news release.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations is available on the Company's website at www.masivosilver.com or email davidcoburn@masivosilver.com.

ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer
+1 602 315 1231

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229000

FAQ

What are the drilling results from Masivo Silver's (GNYPF) Hole No.1?

Hole No.1 intercepted 55 feet of mineralization containing 0.99% Cu, 1.52 g/t Au and 30.35 g/t Ag starting at 65 feet down hole.

Why is Masivo Silver (GNYPF) conducting metallic screen assays on holes No.2 and No.3?

Masivo Silver is conducting metallic screen assays due to visible gold in mineralized samples, which can create a 'nugget' effect that affects sample assay accuracy.

What is the target depth for Masivo Silver's (GNYPF) hole No.7 in Nevada?

Masivo Silver's hole No.7 is targeting a depth of 280 feet to test strong IP anomaly south of the mine area.

MASIVO SILVER CORP

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