Masivo Silver Commences Drilling of Third Hole In Nevada

Rhea-AI Summary

Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) has commenced drilling of the third hole (BM-24-03) at its Boston Mine project in Elko County, Nevada. The project targets high-grade gold, silver, and copper. Hole No.3 aims to explore the down dip extension of high-grade ore described in historic reports at the 90-foot shaft level.

The drill core from the second hole (BM-24-02) has been sent to a certified lab for analysis, with results expected within six weeks. CEO David Coburn noted that Hole No.2 showed continuous visible high mineralization, leading to an extension of the hole 100 feet beyond the expected depth. This development has allowed the company to extend the target depth three times.

Positive

• Commencement of drilling for the third hole (BM-24-03) at the Boston Mine project
• Continuous visible high mineralization observed in the second hole (BM-24-02)
• Extension of the second hole by 100 feet beyond expected depth
• Target depth extended three times due to promising mineralization

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company") is pleased to announce that it has commenced the drilling Hole BM-24-03 or Hole No.3 at the Boston Mine, Masivo's high-grade gold, silver and copper project in "Elko County" in the State of Nevada.

The objective of Hole BM-24-03 or Hole No.3 is targeting the down dip extension of High-grade ore described in historic reports (Shaft at 90 foot level).

The drill core of hole BM-24-02 or Hole No.2 was successfully delivered to the certified lab to get analyzed, the company expects results within six weeks.

"Hole No.2 showed us continuous visible high mineralization in the core, allowing us to extend the hole 100 feet beyond the expected depth, this is what allowed us to extend the target depth 3 times, we are very excited to get results back from the lab in a few weeks," commented David Coburn, President & CEO.

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

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/219047

FAQ

What is the latest drilling update for Masivo Silver Corp. (GNYPF)?

Masivo Silver Corp. (GNYPF) has commenced drilling of the third hole (BM-24-03) at its Boston Mine project in Elko County, Nevada, targeting high-grade gold, silver, and copper.

When are the results expected for Masivo Silver's (GNYPF) second drill hole?

The results for Masivo Silver's (GNYPF) second drill hole (BM-24-02) are expected within six weeks from August 6, 2024, as the core has been sent to a certified lab for analysis.

What did Masivo Silver (GNYPF) observe in their second drill hole at the Boston Mine project?

Masivo Silver (GNYPF) observed continuous visible high mineralization in the core of the second drill hole (BM-24-02), which led to extending the hole 100 feet beyond the expected depth.

What is the target of Masivo Silver's (GNYPF) third drill hole at the Boston Mine?

Masivo Silver's (GNYPF) third drill hole (BM-24-03) is targeting the down dip extension of high-grade ore described in historic reports at the 90-foot shaft level of the Boston Mine.