Silverco Mining Partners with SGS for Cusi Resource Update

Silverco Mining Ltd. has announced a collaboration with SGS Canada Inc. to validate and update the mineral resource estimate (MRE) for the Cusi Property, located approximately 90 km northwest of First Majestic’s Los Gatos Mine in Chihuahua State, Mexico. This project is significant for the company, as it aims to enhance the accuracy and scope of the previous MRE published in 2020.

The updated resource estimation will adhere to the guidelines set forth in National Instrument 43-101, a standard for mineral project disclosures in Canada. The new MRE will incorporate a number of key elements, including the independent validation of historical resource data at Cusi, and the integration of up to 11,500 metres of drilling data from Silverco’s recent exploration efforts.

Enhancing Resource Estimates and Quality

The updated MRE will include approximately 6,000 metres from the ongoing 2025 drilling program and 5,500 metres from the completed 2024 program. Notably, the updated assessment will also introduce a new resource area for the San Miguel Vein system, which was added through the acquisition of inset claims. This area was not included in the previous estimate and will be modeled for the first time.

The 2024 drilling program revealed substantial resource potential at San Miguel, highlighted by an intercept of 7.5 metres grading 364 g/t AgEq in hole CU-24-08. Further validation in 2025 drilling confirmed this potential, yielding results of 8.6 metres grading 250 g/t AgEq in hole CU-25-29. Additionally, the updated MRE will account for mining depletion since the last estimate, which is approximately 900,000 tonnes.

To improve the quality of the resource model, the company plans to tighten the definition of the inferred resource material. This will involve using a smaller search radius during estimation, which reduces the projection of potential mineralization into undrilled areas, thereby minimizing risk.

Strategic Partnerships and Future Plans

Silverco Mining is optimistic about the future, with the updated MRE expected to be released later this quarter. Upon completion, the company anticipates meeting the necessary requirements to apply for Tier 1 issuer status on the TSX Venture Exchange.

In addition to the partnership with SGS, Silverco has engaged Triomphe Holdings Ltd., operating as Capital Analytica, to provide marketing and social media services. This engagement, which is subject to TSX Venture Exchange approval, will last for an initial term of six months at a cost of CAD 150,000, payable in two tranches. Capital Analytica specializes in enhancing public awareness within the mining and metals sector.

The scientific and technical information in this release has been reviewed by Nico Harvey, P.Eng., Vice President of Project Development at Silverco, who is a Qualified Person as defined in National Instrument 43-101. Mr. Harvey has confirmed the reliability of the sampling and analytical data presented.

Silverco Mining Ltd. holds a 100% interest in the Cusi Property, encompassing 11,665 hectares and situated within the Sierra Madre Occidental gold-silver belt. The property features existing infrastructure, including a 1,200-ton-per-day mill, paved highway access, and connection to the national power grid. Cusi has a history of production, having previously operated as an underground silver-lead-zinc-gold project.

As Silverco continues to advance its exploration efforts, the company emphasizes the importance of thorough technical evaluations before any decisions regarding operational restart are made. The commitment to adhering to regulatory standards and maintaining community relations remains a priority for the company.

For more information, investors can reach out to Silverco Mining through their official communication channels or visit their website.

This announcement reflects Silverco’s ongoing dedication to enhancing its mineral resource estimates and advancing its position in the competitive mining sector.