Guanajuato Silver Secures Drilling Permits for El Horcon Project

Guanajuato Silver Company Ltd. has received approval from Mexican government agencies to initiate a surface drilling program at its El Horcon project in Jalisco, Mexico. The permits allow for the establishment of up to 45 drill pads along a 3.7km trend. The company plans to drill 5000 meters in 2026, using a "Nevada-style" diamond drill rig capable of reaching 1000 meters in depth. This exploration aims to expand upon historical resources and enhance geological understanding of the en echelon veins present at the site.

The El Horcon project was acquired through the purchase of Great Panther's Mexican assets and consists of 7,908 hectares containing 17 mining concessions. Historical estimates indicate over 2.0 million silver-equivalent ounces from 162,140 tonnes of mineralized material. However, these estimates are not yet verified under current standards, requiring further exploration and validation efforts.