CHICAGO--(BUSINESS WIRE)--Dec 8, 2025--
Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on the 2025 exploration program at its Palmarejo gold-silver complex located in southwest Chihuahua, Mexico, which marks its largest exploration campaign since 2012 with approximately 68,000 meters of diamond drilling by eleven drill rigs across its extensive 300 km 2 land package of which only 3% has been explored to date.
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The program has successfully identified numerous resource growth opportunities that represent mine life extension opportunities through a balance of near-mine and district-scale exploration focused on four primary objectives:
Key Highlights 1,2,3
San Miguel
La Unión
“Following a 75% increase in Palmarejo’s inferred mineral resources last year, our 2025 program has generated additional discoveries and leaves the operation well positioned for further mine life extensions,” said Mitchell J. Krebs, Chairman, President, and Chief Executive Officer. “The 2025 commencement of drilling in the underexplored areas located on the large land position we have now consolidated immediately to the east of Palmarejo represents a major step in Palmarejo’s expansion efforts. With a 300 km 2 total land package that is just 3% drilled, we are only scratching the surface of the next phase of Palmarejo’s potential growth and development. Brownfields exploration will remain a critical component of our capital allocation strategy going forward given the high returns these investments can generate at existing operations such as Palmarejo.”
For a complete table of all drill results, please refer to the following link: https://s201.q4cdn.com/254090064/files/doc_downloads/2025/12/2025-12-08-Exploration-Update-Appendix-Final.pdf. Please see the “Cautionary Statements” section for additional information regarding drill results.
NEAR-MINE EXPLORATION – PALMAREJO MAIN DISTRICT
The 2025 near-mine exploration program focused on step-out drilling around near-mine veins to support inferred resource ounce additions and support long-term mine life extensions, to build on the success of the 2024 program.
Hidalgo Corridor
Since its discovery in 2019, Hidalgo has become Palmarejo’s second largest reserve after the Guadalupe deposit, which has been mined since 2014. The 2025 drilling campaign has continued to demonstrate significant growth potential along the Hidalgo, Libertad, and San Juan vein trends which represent northwest extensions of the Independencia system that lie closer to the Palmarejo mill and processing facility.
Step-out drilling northwest along the Hidalgo and Libertad trends successfully extended mineralized zones by approximately 500 meters and 300 meters, respectively. Multiple high-grade vein structures and splays have been intersected, which are expected to contribute to inferred resource growth.
In addition, drilling along the San Juan trend extended mineralization along an approximately 150-meter strike, where the newly defined veins and splays exhibit grades and widths comparable to those found in the Independencia and Guadalupe systems. Collectively, the Hidalgo Corridor has now been drilled over a total length of 1.55 miles (2.5 kilometers) and remains open along strike and down dip.
Initiated in 2023, the ongoing expansion drilling program along the Hidalgo Corridor continues to deliver encouraging results and is expected to justify additional underground development to support further drilling, resource expansion, and reserve additions.
Independencia Sur
The Independencia Sur vein represents the southeastern extension of the Independencia Norte vein, which is the primary source of production at Palmarejo. The target lies adjacent to underground infrastructure – a key advantage for future mine development – along the southeastern continuation of the Guadalupe – La Nación system.
Following its acquisition from Fresnillo in 2024, Coeur has undertaken detailed mapping, relogging of historic drill core, and conducted validation drilling to confirm previous results. The 2025 drill program consists of 26 kilometers of diamond drilling and is designed to establish a compliant mineral resource estimate.
Drilling from both surface and underground platforms has been conducted along a 2.5-kilometer strike length, confirming and refining the known vein geometry. The program successfully intersected five new veins drilled over strike lengths ranging from 300 meters to 800 meters, three of which represent parallel splays in the hanging-wall of the Independencia Sur system. Broad zones of breccia and quartz-calcite veins hosted in rhyolite porphyry returned the highest grades along contact zones with basalts.
Highlights include intercepts of up to 19.7 feet grading 0.11 oz/t gold and 10.79 oz/t silver (6.0 meters at 3.6 g/t gold and 370 g/t silver); Hole VIDH-181. Drilling from the La Nación underground workings targeting an undrilled 150-meter gap between the Independencia Sur and Independencia Norte veins successfully connected the two structures as shown in Figure 2, which will be infill drilled in early 2026 to support near-term reserve additions.
EAST PALMAREJO EXPLORATION
Coeur’s 2025 exploration program marked the commencement of drilling in East Palmarejo, a large, underexplored area located outside the Franco-Nevada gold stream area of interest and centered around the historic mining town of Guazapares. Most of the known deposits and occurrences of gold and silver are located along two bifurcating northwest-trending fault zones called the San Miguel – San Isidro and the San Antonio – La Unión trends some ten and eight kilometers in length respectively, as seen in Figure 3. These trends are sparsely drilled and continued exploration is expected to produce additional discoveries.
Prospectivity within the unexplored Camuchín – Escondida Zone, a 4-kilometer-wide area between the Palmarejo main trend and the San Miguel – San Isidro trend, was underscored by the discovery of the Camuchín trend where 2025 drilling confirmed mineralization over 900 meters, further supporting the Zone’s potential.
San Miguel
During 2025, Coeur commenced drilling at San Miguel for the first time, with initial results confirming potential for high-grade gold and silver. Mineralization is hosted within a series of steep southwest-dipping hydrothermal breccias and epithermal veins developed along the contact between rhyolitic tuffs and basalts. Approximately 400 meters of its defined strike length is characterized by historic colonial-era surface workings.
The program was designed to validate historical drilling undertaken by Paramount Gold and Silver Corp. from 2007 to 2011 and confirm the continuity and grade of mineralization. Coeur completed 17 diamond drill holes totaling 6,075 meters, which extended the deposit by 90 meters along strike and 100 meters down dip (current length and dip of the deposit are now 1.3 kilometers and 360 meters, respectively).
The near-surface mineralization remains open along strike to the northwest, southeast and at depth, indicating strong potential for resource growth. The San Miguel trend has been mapped on surface for four kilometers and forms part of a broader mineralized corridor extending southeast through San Isidro to Sota de Oro where it merges with the north-northwest-trending corridor that hosts the La Unión and San Antonio deposits, as shown in Figure 3. The Company plans to continue drilling scout and step-out holes along both trends in 2026 to test for extensions of the system.
La Unión
Gold and silver mineralization at La Unión is hosted within steeply dipping zones of stockwork veining and hydrothermal breccias in rhyolitic tuffs and andesites. The deposit is within a broad north-northwest-trending structural corridor extending for more than eight kilometers, linking the San Antonio prospect to the north and the La Carmela vein system to the south.
Coeur completed 16 diamond drill holes totaling 6,064 meters testing a strike length of approximately 1,050 meters. The program was designed to validate historical drilling and refine structural interpretations. Assays from two holes have been received to date, including 72.9 feet at 0.19 oz/t gold and 0.74 oz/t silver (22.2 meters at 6.7 g/t gold and 26 g/t silver) in LUDH-088, as shown in Figure 3, supporting the broad widths of the near-surface mineralization observed in historical drilling. This drilling also extended the deposit down dip by 170 meters to 290 meters. Assays from remaining holes are pending.
Mapping and previous drilling at La Unión outlined a 1.8-kilometer structure which remains open along strike and at depth. Follow-up drilling is planned to expand mineralization both northward toward San Antonio and southward towards Carmela.
Camuchín
The Camuchín discovery represents a major new mineralized trend located between the Palmarejo mine and San Miguel – approximately six kilometers northeast of Palmarejo and 2.8 kilometers southwest of San Miguel. Mapping and geochemical sampling in 2024 led to the identification of the northwest-trending Camuchín – Escondida fault-vein system, marking the first known mineralization within the previously untested 4-kilometer-wide gap between the Guazapares and Palmarejo mining trends, now known as the Camuchín – Escondida trend.
To date, Coeur has completed 21 diamond drill holes, with mineralization intersected in 14 holes drilled over a strike length exceeding 900 meters. Mineralization remains open to the southeast, where surface mapping suggests several kilometers of potential strike extension.
The discovery of Camuchín, together with the high-grade results from San Miguel and La Unión, demonstrate that Coeur’s ongoing district-scale exploration program is successfully unlocking the untapped potential of East Palmarejo, establishing a strong foundation for future resource growth and mine life expansion across the Palmarejo complex. A target generation program is currently underway utilizing recent regional geophysical surveys, geology and geochemistry.
“Coeur’s multi-pronged exploration strategy at Palmarejo is delivering strong results,” said Aoife McGrath, Senior Vice President, Exploration. “From near-mine to regional-scale programs, we’re enhancing mine-life visibility and future operational and financial flexibility. We see significant upside and expect continued strong returns on our exploration investment.”
About Coeur
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip polymetallic critical minerals exploration project in British Columbia.
Cautionary Statements
This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding exploration efforts and plans, exploration expenditures and investments, drill results, resource delineation, expansion, upgrade or conversion and mine life extension. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that anticipated additions or upgrades to reserves and resources are not attained, the risk that planned exploration programs may be curtailed or canceled due to budget constraints or other reasons, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold, silver, zinc and lead and a sustained lower price environment, the uncertainties inherent in Coeur’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns), ground conditions, grade and recovery variability, any future labor disputes or work stoppages, the uncertainties inherent in the estimation of mineral reserves and mineral resources, continued access to financing sources, government orders that may require temporary suspension of operations at one or more of our sites and effects on our suppliers or the refiners and smelters to whom the Company markets its production, changes that could result from Coeur’s future acquisition of new mining properties or businesses, the loss of any third-party smelter to which Coeur markets its production, the effects of environmental and other governmental regulations, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s most recent reports on Forms 10-K and 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.
The scientific and technical information concerning our mineral projects in this news release have been reviewed and approved by a “qualified person” under Item 1300 of Regulation S-K under the Securities Exchange Act of 1934, as amended (“SK 1300”), namely our Vice President, Technical Services, Christopher Pascoe. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineral resources for Coeur’s material properties included in this news release, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant factors, please review the Technical Report Summaries for each of the Company’s material properties which are available at www.sec.gov.
Notes
The ranges of potential tonnage and grade (or quality) of the exploration results described herein are conceptual in nature. There has been insufficient exploration work to estimate a mineral resource. It is uncertain if further exploration will result in the estimation of a mineral resource. The exploration results described in this news release therefore do not represent and should not be construed to be an estimate of a mineral resource or mineral reserve.
Figure 3: Map showing portion of East Palmarejo that includes Camuchín, San Miguel, and La Unión trends and key drill intercepts
Figure 2. Palmarejo main district showing location of Hidalgo Corridor and Independencia Sur with key drill intercepts
Figure 1: Map of Palmarejo Main and East Palmarejo showing main vein trends
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec 8, 2025--
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Spanish Mountain Gold Drills Extensive Mineralization Over 140.67 metres Grading 0.68 g/t Including 1.07 g/t Over 17.00 metres and 0.95 g/t Over 67.31 metres and Extends the Orca Fault Target Trend 130 m to Southeast Drilling 26.46 metres Grading 0.80 g/t Gold
Spanish Mountain Gold Ltd. (the " Company " or " Spanish Mountain Gold ") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to provide additional assay results from exploration drill holes 25-DH-1300, 25-DH-1302, and 25-DH-1304 that were completed as part of its 2025 Fall Diamond Drill program (“ 2025 Fall Drill Program ”) for the Spanish Mountain Gold (“ SMG ”) project, which is located in the Cariboo Gold Corridor, British Columbia, Canada.
The company has completed approximately 7,800 m of drilling to date of the 9,000 to 10,000 metres (“ m ”) of exploration drilling planned under the 2025 Fall Drill Program. Assays and geochemistry are pending receipt from the laboratory and or reporting from sixteen (16) additional drill holes completed on the newly defined Orca Fault area, and from three (3) completed drill holes on the A12 target.
Highlights:
Key Findings:
Peter Mah, Spanish Mountain Gold’s President & CEO commented, “These most recent Orca Fault area drill results continue to extend new higher grade gold mineralization in the heart of the Main Deposit. Gold assays received from three new holes reported intersecting large, near surface gold mineralization above the global average resource grade. Additionally, assays included multiple near surface high-grade intersections in each hole approaching and exceeding 1 g/t gold. The company is pleased with the consistency and growing number of above 1 g/t gold assays that further demonstrate the potential for growth through new high-grade gold mineralization within the Main Deposit. This coupled with ore sorting defines the Company’s twofold strategy to scale up gold production at its proposed mining operation in the Tier 1 Cariboo Gold Corridor, British Columbia, Canada.”
Main Deposit – Orca Fault area
Drill hole 25-DH-1300 (see Table 1) was designed to not only confirm the new Orca Fault target but also to start building stronger continuity northeast to southwest across section lines to increase the overall confidence in the geological interpretation of this important area (Figure 2). The drill hole intersected higher-grade mineralization approximately 36 m northeast of drill hole 25-DH-1299 (see December 1, 2025 news release) intersecting 140.67 m of 0.68 g/t gold including two high-grade intervals of 17.00 m of 1.07 g/t gold and 67.31 m of 0.95 g/t gold with a subset of 12.78 m of 2.85 g/t gold. It should be noted that this intercept aligns closely to the intersections in 25-DH-1299, which had a first interval near surface from 48.18 to 188.00 m of 0.82 g/t gold over 139.82 m and a second near the base of constraining open pit shell for the 2025 Mineral Resource Estimate (see July 3, 2025 news release) from 284.00 to 329.54 m, grading 1.67 g/t gold over 45.54 m, including 33.54 m of 2.19 g/t gold. The deeper intercept in 25-DH-1299 highlights the mineral potential at depth that will require additional drilling to further delineate, but investors should be cautioned it is not guaranteed that additional drilling will result in conversion of this area into the mineral resource estimate.
Drill hole 25-DH-1302 (Table 2) was designed to examine a critical area along the northwest trend of the new Orca Fault target at edge of the block model from the last mineral resource estimate (“MRE”) in the recent Preliminary Economic Assessment (see July 3, 2025 news release). The drill hole was collared 33 m northeast of 25-DH-1292 (Figure 3) and it intersected two key intervals of higher-grade mineralization (Figure 1), the first interval from 49.64 to 152.20 m, 102.56 m of 0.55 g/t gold including 47.99 m of 0.81 g/t gold with a higher-grade subset of 12.63 m of 1.44 g/t gold, and the second from 200.64 to 273.75 m, 73.11 m of 0.50 g/t gold including 33.15 m of 0.77 g/t gold with a higher-grade subset of 16.38 m of 1.23 g/t gold. These results compare very favorably with drill hole 25-DH-1292 (see November 3, 2025 news release) and extend gold mineralization to the northwest, highlighting the opportunity of systematically exploring these new structural trends both inside and outside of the MRE block model (Figure 1).
Drill hole 25-DH-1304 (Table 3), like 25-DH-1296 (see November 17, 2025 news release), it was designed to step into the structural domain between Fault 2 and Fault 3, looking to extend the high-grade gold mineralization to the southeast, where it is interpreted to be a southeasterly extension of the new Orca Fault target (Figure 1). This drill hole intersected 26.46 m of 0.80 g/t gold from 62.72 to 89.18 m, including 8.03 m of 1.61 g/t gold with a higher-grade subset of 4.28 m of 2.26 g/t gold (Figure 1) within the constraining open pit for the MRE (see July 3, 2025 news release). Although gold mineralization has been successfully hit historically in this area, it has not been through applying a systematic exploration approach using the preferred drilling orientation of 120-degrees that has proven successful in this work program.
The results from these three new exploration drill holes add significant confidence to the geological and structural interpretation of the new Orca Fault target area, when incorporating 25-DH-1281 and 25-DH-1282 (see April 21, 2025 news release), 25-DH-1292 and 25-DH-1293 (see November 3, 2025 news release), 25-DH-1294 and 25-DH-1296 (see November 17, 2025 news release), and 25-DH-1297, 25-DH-1298, and 25-DH-1299 (see December 1, 2025 news release). All these results continue to show that tighter exploration drill spacing at the preferred azimuth of 120-degrees is unlocking additional mineral potential in the Main deposit. These exploration drill holes are presented on a drill section (Figure 1 and Figure 2) that shows the alignment of the higher-grade mineralization to the new Orca Fault target.
Table 1: Assay Results for 25-DH-1300
Table 2: Assay Results for 25-DH-1302
Table 3: Assay Results for 25-DH-1304
The integration of assay results from 25-DH-1300, 25-DH-1302, and 25-DH-1304 with other recently released drill holes, strengthens the continuity for the new Orca Fault target and the association of higher-grade mineralization over a strike length of 430 m, northwest to southeast (see Figure 1 and Figure 2) now spanning two parallel, adjacent drill sections.
The current interpretation is that there is strong continuity between these section lines linking geology, structure and the higher-grade mineralization. The mineralization in these drill holes occurs in faults and quartz-dominated veins that appear to extend for more than 25 m beyond each drill hole. Two dominant sets of veins were identified, high-angle and low-angle. The lower-angle veins (~45 degrees) occur in proximity to the Orca Fault (see November 3, 2025 news releases).
Figure 3 illustrates the locations for three drill hole results outlined in this news release and the drill holes currently in the assay lab, or in process of being drilled. Drill collar location coordinates are summarized for the 2025 Fall Drill Program in Table 4 at the end of this news release.
Abbreviations: metres = m, grams per tonne = g/t, gold = Au, mineral resource estimate = MRE, Spanish Mountain Gold = SMG
Drill Core Processing, Data Verification and Quality Assurance – Quality Control Program (QAQC)
Once received from the drill and processed, all drill core samples were sawn in half, labeled, and bagged. The remaining half of the drill core was securely stored on-site. Numbered security tags were applied to sample shipments to ensure chain of custody compliance. The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).
The data verification process involved a multi-step approach to ensure accuracy and integrity. This included a detailed quality control (QC) analysis of the data, which was performed using both internal and external platforms, such as the MxDeposit ™ software. These QC checks involved the analysis of certified reference materials (CRMs), blanks, and duplicates to confirm the reliability of the assay results. In addition, a field inspection of the specific drill intervals mentioned in this release has been conducted to directly observe the geological features and verified the nature of the results presented.
Drill core samples were submitted to MSALABS’s analytical facility in Prince George, British Columbia, for sample preparation and PhotonAssay ™ analysis. The MSALABS facilities are accredited to the International Standards ISO/IEC 17025 and ISO 9001 standard for gold and multi-element assays, with all analytical methods incorporating quality control materials at defined frequencies and established data acceptance criteria. MSALABS Inc. is independent of the Company.
PhotonAssay™
The PhotonAssay ™ method utilizes gamma ray analysis for gold detection using the Chrysos PhotonAssay ™ instrument (PA1408X). This non-destructive, fully automated technique offers high accuracy for analyzing ores and pulps. Sample preparation begins with drying and crushing up to 1 kg of material to achieve at least 70% passing through a 2-millimetre (mm) sieve. The sample is then riffle split to obtain a suitable aliquot for 2 testing cycles (MSALABS Method CPA-Au1).
The PhotonAssay ™ instrument bombards 400- to 600-gram samples contained in sealed containers with gamma rays. These containers remain sealed throughout the process, preserving the sample for potential further testing. The analysis is performed robotically, with results that integrate into existing laboratory management systems. Each sample is accompanied by a reference disc traceable to a Certified Reference Material (CRM). Both the sample and reference disc undergo gamma ray exposure, with signals detected and analyzed to ensure accurate and reliable results. The method offers a gold detection range from 0.015 parts per million (ppm - lower limit) to 10,000 ppm (upper limit). Quality control includes the use of reference materials and blanks, with all results reviewed by a competent person before reporting.
Spanish Mountain Gold implemented two QAQC methodologies to validate the accuracy of PhotonAssay ™ results, both demonstrating good comparability: 1) comparative analysis of diverse mineralization styles using Total Au screen metallic methods with both FAS-415 (gravimetric finish) and FAS-211 (AAS finish), and 2) comprehensive testing of both sample aliquots and rejects using FAS-211 (AAS finish). QAQC Testing typically can include the following spot checks: 1) Pulverizing tests to evaluate variability in sample preparation, 2) Cross-analysis at external laboratories using screen metallic method, and 3) Four-cycle radiation testing to identify and calibrate potential variability in gold results with variable radiation intensity.
Multi-Elemental Analysis
For the 2025 drilling campaign Spanish Mountain Gold used IMS-230 method to provide multi-element determination using a four-acid digestion followed by ICP-OES and ICP-MS analysis.
Key Process Steps:
Sample Preparation: Samples are dried and ground to a specific criterion (85% passing 75 microns (μm) for rocks and drill core; 180μm for soils and sediments). A homogeneous 10-gram sample is required. Digestion: Samples undergo sequential digestion with nitric, perchloric, hydrofluoric, and hydrochloric acids, followed by dilution with deionized water.
Analysis: The solution is analyzed via ICP-OES and ICP-MS for multi-element quantification. Quality Control: The process includes reference materials, blanks, and duplicates, with corrections for spectral interferences and thorough review before final reporting.
Qualified Person
Julian Manco, M.Sc., P.Geo., Director of Exploration with Spanish Mountain Gold, is the Qualified Person as defined under National Instrument 43-101 who has reviewed the technical information in this news release and has approved the content for dissemination.
About Spanish Mountain Gold Ltd.
Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project (Project) towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. On August 18, 2025, the Company filed an NI 43-101 Technical Report on SEDAR+ that sets out the Project’s de-risked and optimized Preliminary Economic Assessment (PEA), with an updated Mineral Resource Estimate (MRE). We will continue to advance the Project to position the Company to make a construction decision in 2027. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on www.sedarplus.ca and on the Company's website: www.spanishmountaingold.com.
On Behalf of the Board,
“Peter Mah”
President, Chief Executive Officer and Director
Spanish Mountain Gold Ltd.
Neither the 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.
FORWARD-LOOKING INFORMATION:
Certain of the statements and information in this press release constitute "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to information with respect to, the potential for adding more higher-grade gold mineralization within the pit or below current pit design; and the timing and size (m) of the 2025 Fall Drill Program, and the results thereof. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
Table 4: Drill Collar Information for Drill Holes
Figure 3: Drill Collar Location Map for 2025 Fall Drill Program
Figure 2: Drill Cross Section Through Orca Fault Area (looking northwest); section line B-B’ (see Figure 3)
Figure 1: Drill Long Section Through Orca Fault Area (looking northeast); section line A-A’ (see Figure 3)
