Masivo Silver Advances Boston Mine Exploration: Drilling Campaign Delivers Promising Skarn Mineralization Intercepts

Completion of Seven Boreholes Marks Strong 2024 Progress for Nevada-Based Exploration Project

Masivo Silver Corp. (TSXV: MASS, OTC Pink: GNYPF) has successfully concluded its 2024 drilling program at the Boston Mine in Nevada with the completion of Hole No.7, extending to a depth of 165.5 feet. The exploration initiative focused on testing robust historical induced polarization (IP) anomalies interpreted to represent sulfide-bearing skarn mineralization—a critical indicator for copper-gold-silver deposits in this region.

High-Grade Intercepts Validate Geological Model

The drilling campaign has already yielded encouraging results that support Masivo’s exploration thesis. Hole No.1 intersected two mineralized zones as predicted by the company’s geological framework. Most notably, the borehole encountered 55 feet (drilled width) of 0.99% copper, 1.52 g/t gold, and 30.35 g/t silver beginning at 65 feet below surface—demonstrating the presence of economically significant skarn-related mineralization.

Assay Results and Timeline for Phase II Development

The company is actively processing samples from multiple holes as part of its systematic evaluation program. Holes No.2 and No.3 are undergoing reanalysis using metallic screen assays, with results anticipated in early 2025. Holes No.4 and No.5 have been extracted, logged, and sampled, currently in transit to an independent laboratory. Holes No.6 and No.7 remain at the Boston Mine site and are undergoing similar preparation and shipping procedures. The completion of these assays will inform Masivo’s Phase II drilling strategy for 2025. Hole No.8 has been deferred to 2025 due to seasonal constraints.

Strategic Positioning and Resource Base

CEO David Coburn expressed confidence in the project’s trajectory: “The Boston Mine continues to represent a compelling exploration target, and our geological model has proven its predictive value. Recent site assessments are guiding the development of our expanded drill program for the coming year.”

Beyond its Nevada operations, Masivo maintains a diversified portfolio spanning exploration opportunities across Mexico and the southwestern United States. The company has secured a $75,000 drill and exploration credit allocated for Mexican projects. The organization operates a processing facility at its El Colomo property in Sinaloa, Mexico, capable of handling up to 300 tons of ore daily—positioning the company to transition from exploration to potential production as deposit quality improves.

Technical Validation

The favorable intercepts from early drilling phases suggest that the skarn mineralization environment at Boston Mine may support multiple mineralized horizons. This geological setting, characterized by contact metamorphic processes and typically associated with robust precious and base metal enrichment, aligns with Masivo’s target criteria. The successful identification of predicted mineralized zones through its current drilling campaign reinforces confidence in advancing exploration intensity.

Brian Brewer, P.Geo., acting as the qualified person overseeing projects in both Mexico and Nevada, has reviewed and approved this technical assessment.

About Masivo Silver Corp.

Masivo Silver is a Canadian junior exploration enterprise headquartered in Vancouver, focused on silver and gold projects across Nevada and Sinaloa. The company combines early-stage exploration with existing milling infrastructure, creating a pathway to potential near-term production if mineral resources of economic grade are delineated. Masivo’s diversified geographic exposure across multiple jurisdictions reduces exploration and development risk while expanding discovery potential.