Guanajuato Silver Uncovers High-Grade Gold Zone at San Ignacio

Guanajuato Silver Company Ltd. (GSilver) has identified a new high-grade gold zone at its San Ignacio Mine in Guanajuato, Mexico. Key intercepts include veins grading up to 28.5 g/t gold and 164 g/t silver, emphasizing the zone's potential. This discovery is outside GSilver's current resource estimates, with mining expected in three months after necessary engineering preparations.

GSilver's recently developed 430 Ramp has facilitated access to the Santo Nino Vein, part of the productive La Luz structure. Nine drill holes have been completed, with more planned as part of further exploration. Currently, mining takes place in San Ignacio's western zones, close to existing infrastructure, promising expedited development for extraction in 2025.

Despite ongoing litigation with NucTech over equipment use, GSilver remains focused on rapid development and leveraging its new targets within the Santo Nino area.