Apollo Silver (TSXV:APGO,OTCQB:APGOF,FSE:6ZF0) is a silver-focused exploration company advancing a dual-asset strategy through two high-potential projects in North America: the Calico Silver Project in California, USA, and the Cinco de Mayo project in Chihuahua, Mexico. Both projects are situated in mining-friendly jurisdictions with robust infrastructure and a history of significant exploration work.
At Calico, Apollo Silver advances the Waterloo deposit through geological modeling, barite resource definition, and engineering studies. Calico hosts 110 Moz of silver (measured and indicated) and 51 Moz (inferred), with recent test work producing a 94.6 percent barite concentrate.
In Mexico, the Cinco de Mayo project offers rare optionality, featuring a historical inferred resource of 154 Moz silver equivalent (385 g/t) and a high-impact discovery opportunity at the Pegaso Zone. Under an option agreement with MAG Silver, Apollo is executing a 20,000-meter drill program to earn full ownership of the project.
Project locationsThe Calico Silver Project, located 15 km from Barstow, California, includes the adjacent Waterloo and Langtry properties. Calico hosts a combined resource of 110 Moz silver (measured and indicated, 100 g/t) and 51 Moz silver (inferred, 77 g/t). The shallow, laterally extensive deposit offers strong geologic continuity and a low 1.1:1 strip ratio, supporting a potential low-impact open-pit operation. Recent drilling confirmed a 95 percent conversion rate from inferred to measured and indicated resources at Waterloo.
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Apollo Silver is advancing two high-impact silver projects in premier North American jurisdictions—California and Mexico—offering investors a unique combination of scale, optionality, and leverage to silver and critical mineral demand.
Apollo Silver (TSXV:APGO,OTCQB:APGOF,FSE: 6ZF0) is a silver-focused company advancing a dual-asset strategy centered on two high-impact projects in North America: the Calico silver project in California, USA and the Cinco de Mayo project in Chihuahua, Mexico. Both are located in mining-friendly jurisdictions with strong infrastructure and significant historical work.
Project locations
At Calico, Apollo Silver is advancing the Waterloo deposit toward development through geological modeling, barite resource definition, and engineering studies. Calico boasts 110 Moz of silver (measured and indicated) and 51 Moz of silver (inferred), and recent test work has produced a 94.6 percent barite concentrate, supporting the asset’s potential as a US critical minerals supplier.
In Mexico, Cinco de Mayo offers rare optionality with a historical inferred resource of 154 Moz silver equivalent (385 g/t), and a potentially game-changing discovery at the Pegaso Zone. The project is under an option agreement between Apollo Silver and MAG SIlver, wherein Apollo Silver will complete a 20,000-meter drill program to convert the option to an acquisition of the Cinco de Mayo. Apollo Silver’s strategy is underpinned by disciplined capital allocation, high-impact exploration, and a proven ability to acquire and unlock value from high-quality assets—following a model similar to Prime Mining. With no debt, strong institutional backing, and an experienced team, Apollo Silver is well-positioned to deliver scalable, discovery-driven growth in a rising silver and critical minerals market.
(Left to right) Drilling hole W22-RC008 and downhole surveying with an optical televiewer in drill hole WCC-RC-004B
The Calico silver project comprises two adjacent properties—Waterloo and Langtry—located in mining-friendly San Bernardino County, 15 km from Barstow, California. The combined resource at Calico includes 110 Moz of silver in the measured and indicated category (average grade: 100 g/t) and 51 Moz of silver in the inferred category with an average grade of 77 g/t. The deposit is shallow, laterally extensive, and exhibits excellent geologic continuity. A low strip ratio of 1.1:1 supports a potential open-pit operation with minimal environmental footprint. Drilling has demonstrated strong correlation between 2022 results and historical intercepts, underpinning a 95 percent conversion rate from inferred to measured and indicated categories at Waterloo.
Resources at Calico sit primarily on private land with vested mining rights, simplifying the path to permitting. Infrastructure is excellent: paved roads, power lines within 5 km, and proximity to the expanding Barstow rail terminal.
In addition to silver, Apollo Silver is evaluating Calico’s potential for gold and barite. Barite, a US critical mineral essential to oil and gas drilling, has demonstrated recoveries exceeding 94.6 percent purity in prior test work. A 1979 ASARCO historical estimate indicates 4.5 Mt of barite grading 13.4 percent. Ongoing 2025 work includes a barite resource estimate, investigating potential for additional gold mineralization, depending on results of preliminary work, followed up by a small drill program to test those findings.
Project location
Cinco de Mayo is a district-scale carbonate replacement deposit (CRD) system located in Chihuahua, Mexico along the same NW-SE structural trend that hosts some of the country’s largest silver and base metal deposits. The project was historically MAG Silver’s flagship asset, hosting a historical NI 43-101 compliant inferred resource of 154 Moz silver equivalent at an average grade of 386 g/t silver equivalent, including 132 g/t silver, 6.47 percent zinc, and 2.86 percent lead across the Jose Manto and Bridge Zone targets.
The site also includes the Pozo Seco deposit, which hosts an additional historical resource of 230,000 oz gold and 94 million pounds molybdenum, based on a 2010 technical report. Notably, a significant mineralized intercept—61 meters of massive sulphides—was drilled by MAG Silver in the Pegaso Zone beneath the known resource but never followed up due to social access issues.
Apollo Silver has secured an option to acquire the property from MAG Silver and is actively re-engaging with the local community to secure surface access to the property. A new, development-friendly ejido administration was elected in December 2024. The company is now pursuing a mutually beneficial and meaningful agreement with the local community for surface access rights to the Cinco de Mayo. The company will then execute a 20,000-meter drill campaign once access is secured. Under the option agreement with MAG Silver, Apollo Silver must secure access, drill 20,000 meters, and issue 19.99 percent of its common shares to complete its option to acquire Cinco de Mayo. Priority targets include Pegaso and expansion zones at Jose Manto. Metallurgical studies and engineering reviews are being considered as part of a future resource update.
A venture capitalist with over 30 years of operational experience, Andrew Bowering has raised over $500 million in value and capital for companies within the natural resources industry. He is the founder of Millennial Lithium and American Lithium, and he is a director and executive advisor to Prime Mining.
Chris Cairns is a CPA, CA and brings more than 13 years of experience working in the finance and mining industries. He obtained his designation while at PwC, working with numerous Canadian and US-listed mining and exploration companies operating in North America, South America and Mongolia, before leaving to serve in roles as controller and CFO of two publicly listed mining exploration companies listed in Canada and the United States.
Amandip Singh is a geologist and mining professional with over 15 years of experience in the mining industry, finance and academia. Most recently he was vice-president, corporate development for West Red Lake Gold Mines, where he was involved in the corporate turnaround and acquisition of the company’s flagship Madsen Mine project. He was previously with GT Gold as part of the management team that saw the Saddle North copper-gold porphyry project advance from discovery to eventual acquisition by Newmont Mining in a transaction valued at USD $311 million.
Rona Sellers is an experienced governance professional with more than 13 years of experience in corporate and securities law. Previously, she was VP compliance and corporate secretary at Maple Gold Mines, and previous to that she held corporate secretarial roles at publicly traded companies listed in Canada and the United States.
With over 20 years experience leading resource focused technical programs and teams, Isabelle Lépine brings extensive knowledge in mineral resource management to Apollo. Her significant experience ranges across the advanced stages of the resource development cycle through to mining. Most recently, she was director of mineral resources at Stornoway Diamonds.
Advancing two significant silver projects in the US and Mexico
Investorideas.com, a global investor news source covering gold and silver stocks presents a mining snapshot highlighting news from silver miners, from expanded land packages to acquisitions, featuring Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0).
Silver Stocks and the Land Grab for Silver Assets
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The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California, and its option on the Cinco de Mayo Project, in Chihuahua, Mexico.
With strong demand and a supply deficit since 2021, silver miners are actively acquiring land and developing projects to increase production and address the shortfall.
In line with the sector's growth strategy, Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0) recently announce it has acquired 2,215 hectares of highly prospective claims contiguous to its Waterloo property at its Calico Silver Project.
From the news:
The newly acquired claims, referred to as the Mule claims, comprise 415 lode mining claims and were acquired from LAC Exploration LLC, a wholly-owned subsidiary of Lithium Americas Corp. (TSX: LAC) (NYSE: LAC), which was the previous operator of the property. Preliminary mapping and sampling conducted by the previous operator of the Mule claims identified several high-grade silver targets, which will be evaluated as part of Apollo's future exploration planning.
Additionally, a mapping and sampling program was recently completed at the Burcham gold prospect area in the southwest region of the Waterloo property (see news release dated February 12, 2025). This program confirmed the Calico fault system's role in controlling silver (Ag) and gold (Au) mineralization in the area and identified potential for copper (Cu), zinc (Zn), and lead (Pb) mineralization associated with stratabound and manto lenses.
Highlights:
Mule claims expand the Calico Project land package by over 285%, from 1,194 hectares to 3,409 hectares of contiguous claims.
Mule claims trend along the mineralized Calico Fault System responsible for mineralization seen at Calico.
Reports from the prior operator indicate that there are several strongly anomalous silver values on the property, which Apollo will attempt to ground-truth in the coming exploration programs.
Sampling done across the Mule claims by previous operator has identified a large Ag anomaly associated with the same suite of host rocks at the Waterloo property.
Exploration at the Burcham prospect at Waterloo included assays from 27 surface samples:
Assay peaks up to 14.10 g/t Au, 20.70 g/t Ag, 0.17% Cu, 22.80% Zn and 5.74 % Pb from various samples.
Identification of strata-bound lenses and mantos that show strong potential for Cu, Zn and Pb mineralization.
Ross McElroy, President and CEO of Apollo commented, "The addition of the Mule claims substantially enhances the Calico Project. Calico already hosts three discrete drill-delineated zones with resource estimates along a 4-km-long trend within the Calico fault zone. The Mule claims increase the project's land area by 2.5 times, strategically located to the east along this highly prospective mineralized corridor, offering significant potential for further discoveries. Apollo is committed to unlocking value in California for our shareholders."
The Mule claims, comprising 415 lode mining claims administered by the Bureau of Land Management, feature a continuation of the mineralized Calico Fault System, as identified through mapping and sampling by the previous operator. The sedimentary rocks of the Barstow Formation, which hosts the Waterloo silver deposit and the volcanic Pickhandle Formation are prevalent across the acquired claims. The contact between the Barstow and Pickhandle Formations has demonstrated potential for gold mineralization, similar to that at Waterloo. Sampling across the Mule claims has identified several strong Ag and Au anomalies. Apollo plans to conduct a follow-up exploration program to develop exploration targets and delineate this highly prospective contact.
Earlier this month, Pan American Silver Corp. and MAG Silver Corp announced a definitive agreement for Pan American to acquire all issued and outstanding common shares of MAG through a plan of arrangement. MAG, a tier-one primary silver mining company, holds a 44% joint venture interest in the large-scale, high-grade Juanicipio mine, operated by Fresnillo plc, which holds the remaining 56% interest in the joint venture.
More from the news:
Under the terms of the transaction, MAG shareholders will receive total consideration of approximately $2.1 billion, equivalent to $20.54 per MAG share, based on the closing price of Pan American's common shares on the New York Stock Exchange (NYSE) on May 9, 2025. The consideration comprises $500 million in cash and 0.755 Pan American shares per MAG share, subject to proration. This represents premiums of approximately 21% and 27% to the closing price and 20-day volume-weighted average price (VWAP) of MAG's common shares on the NYSE American (NYSEAM) as of May 9, 2025. Upon completion, existing MAG shareholders will own approximately 14% of Pan American's shares on a fully diluted basis, benefiting from participation in a larger, diversified, and growth-oriented silver and gold producer.
Michael Steinmann, President and CEO of Pan American commented: "Our acquisition of MAG brings into Pan American's portfolio one of the best silver mines in the world. Juanicipio is a large-scale, high-grade, low-cost silver mine that will meaningfully increase Pan American's exposure to high margin silver ounces. Furthermore, we see future growth opportunities through the significant exploration potential at Juanicipio as well as MAG's Deer Trail and Larder properties. This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer. We would like to thank the Fresnillo and the Juanicipio management teams for the constructive interactions and impressive site visit. Together, we bring many decades of operator experience in Mexico and Latin America to the Joint Venture and we are looking forward to a collaborative future and value generation for all shareholders involved."
George Paspalas, President and CEO of MAG commented, "This transaction represents a compelling opportunity for our shareholders, providing an immediate premium and meaningful exposure to Pan American's world-class assets and proven growth strategy. We are proud of what we've accomplished at MAG, particularly our partnership with Fresnillo which has created extraordinary value at the exceptional Juanicipio mine. Through the acquisition of our interest by Pan American - a respected leader in the global precious metals industry - our shareholders will participate in an exciting future defined by operational excellence, substantial exploration potential, and strong financial stewardship with significant portfolio exposure."
Dolly Varden Silver Corporation recently announced that, following its news release dated May 5, 2025, it has completed the acquisition of the Kinskuch Property in northwest British Columbia's Golden Triangle.
From the news:
The Kinskuch Property is adjacent to the Company's Kitsault Valley Project and dramatically increases the Kitsault Valley Project size to approximately 77,000 hectares, covering some of the most underexplored and prospective rocks for silver, gold and copper mineralization in the Golden Triangle.
Dolly Varden completed its acquisition of the Kinskuch Property from Hecla Mining Company for consideration of $5 million, which was satisfied by Dolly Varden issuing 1,351,963 common shares of the Company to Hecla. Hecla will also retain a 2% net smelter return royalty on the Kinskuch Property area (the "NSR"). The NSR will include a 50% buyback right, for $5 million, that will allow Dolly Varden to reduce the royalty to 1% at any time. As per an existing agreement between Dolly Varden and Hecla, Hecla will maintain a designated position on Dolly Varden's Technical Committee, working together to unlock the potential of the underexplored areas.
The year began with a significant development for the sector when, in January, First Majestic Silver Corp. and Gatos Silver, Inc. announced the completion of First Majestic's acquisition of Gatos Silver under the agreement and plan of merger, as detailed in their joint news release dated September 5, 2024.
More from the news:
On Tuesday, January 14, 2025, both First Majestic and Gatos Silver announced that they received all necessary shareholder approvals at the respective special meetings of each company's shareholders. Approximately 98.44% of the votes cast at the special meeting of First Majestic's shareholders were voted in favour and approximately 99.23% of the votes cast at the special meeting of Gatos Silver's stockholders were voted in favour.
Under the terms of the Merger Agreement, First Majestic has acquired all of the issued and outstanding shares of common stock of Gatos Silver and Gatos Silver is now a wholly-owned subsidiary of First Majestic. Stockholders of Gatos Silver will receive 2.55 First Majestic common shares for each Gatos Silver Share held, and cash in lieu of fractional First Majestic Shares .
"With the closing of this transaction, First Majestic is integrating a high-quality, long-life, positive-free-cash-flow operation into our portfolio of producing mines in Mexico. Cerro Los Gatos is truly a world-class district with robust production and cost efficiency, combined with significant exploration potential," said Keith Neumeyer, President and CEO. "Over the coming quarters, we will communicate our plans for Cerro Los Gatos, including strategies to realize synergies and integration throughout the business. I take this opportunity to personally welcome Gatos Silver shareholders into First Majestic as we create the industry's leading intermediate primary silver producer. Finally, I welcome our joint venture partner, Dowa Metals and Mining, with whom we look forward to working closely at Cerro Los Gatos as a supportive and trusted partner."
These acquisitions underscore the growing trend of land asset expansion and consolidation among silver miners.
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Apollo Silver Corp. ("Apollo" or the "Company") (TSX.V: APGO, OTCQB: APGOF, Frankfurt: 6ZF0) is pleased to announce it has acquired 2,215 hectares ("ha") of highly prospective claims contiguous to its Waterloo property at its Calico Silver Project ("Calico" or "Calico Project"). The newly acquired claims herein referred to as the Mule claims comprise 415 lode mining claims, and have been acquired from LAC Exploration LLC ("LAC"), a wholly-owned subsidiary of Lithium Americas Corp. (TSX: LAC; NYSE: LAC), who were the previous operators of the property. Preliminary mapping and sampling conducted by the prior operator of the Mule claims identified several high-grade silver targets, which will be evaluated as part of Apollo's future exploration planning.
In addition, a mapping and sampling program was recently completed at the Burcham gold prospect area in the southwest region of the Waterloo property (see news release dated February 12, 2025). This program confirmed the importance of the Calico fault system with respect to controls on the silver ("Ag)" and gold ("Au") mineralization in the area and has identified the potential for copper ("Cu"), zinc ("Zn") and lead ("Pb") mineralization associated with stratabound and mantos lenses.
Highlights:
Ross McElroy, President and CEO of Apollo, commented , "The addition of the Mule claims substantially enhances the Calico Project. Calico already hosts 3 discrete drill delineated zones with resource estimates along a 4km long trend, along the Calico fault zone. The Mule claims increase the overall land area of the Calico project by more than 2.5x. The new claims are strategically located to the east along the very prolific Calico mineralized corridor and represent a great opportunity for further discoveries. Apollo is committed to continuing to unlock value in California for our shareholders."
Mule Claims Acquisition
The Mule claims are composed of 415 lode mining claims administered by the Bureau of Land Management. Mapping and sampling conducted by the previous operators across the Mule claims has identified a continuation of the mineralized Calico Fault System. The sedimentary rocks of the Barstow formation which hosts the Waterloo silver deposit, as well as the volcanic Pickhandle formation are pronounced all over the acquired claims. The contact between the Barstow and Pickhandle formation has demonstrated potential for gold mineralization as is seen at Waterloo. Sampling across the Mule claims has identified several strong Ag and Au anomalies. Apollo plans to conduct its own follow up exploration program on the Mule claims to better develop its own exploration targets and delineate where this highly prospective contact is exposed.
Details of the Transaction
The Mule claims were acquired by Apollo's wholly owned U.S. subsidiary, Stronghold Silver USA Corp. ("Stronghold"), from LAC. As consideration for the acquisition, Apollo paid US$250,000 in cash, and LAC retains a 2.0% net smelter return royalty (the "Royalty") on the Mule claims.
Apollo, through Stronghold, retains the right to buy back 1.0% of the Royalty at any time on or before the date that is thirty (30) days from the date of commencement of commercial production, for a payment of US$1,000,000.
Figure 1: Map of Calico Project in San Bernardino, California
2025 Burcham Exploration Program
The Company has completed its previously announced surface exploration work at its Burcham prospect (see news release dated February 12, 2025). The work completed consisted of detailed mapping, sample collection and target generation, with the aim to follow up with future drilling.
The exploration team has completed some of the most detailed mapping to date at the Calico Project, including previous programs at Langtry and Waterloo. Structures dominating at Burcham are similar to those at Waterloo with the system being dominated by the Calico Fault, a sinuous moderately plunging reverse fault that dips steeply to the north. Potential for Au mineralization is strong along the contact of the Burcham and Pickhandle formations. Previously unrecognised, stratiform mantos and lenses occupying fold flexures show strong potential for Cu mineralization. This type of mantos have been historically mined on the north side of the Waterloo deposit, and occur near the contact between the Pickhandle Formation and the overlying Barstow Formation. Historic mining on the North side of Waterloo Deposit targeted a manto about 1.5 m thick. Copper mineralization is associated with strong hydrothermal alteration which is seen to diminish as you move eastward along the property. Assays of the sample results are presented in Table 1.
Figure 2: Summary Map of Burcham Exploration Program
Table 1: Location and Assay Results of Samples Collected
| Site ID | Sample ID | Easting | Northing | Elevation (m) | Au (g/t) | Ag (g/t) | Cu (%) | Zn (%) | Pb (%) |
| A | F278051 | 511181 | 3867493 | 707 | 0.13 | 2.73 | 0.01 | 0.55 | 0.12 |
| B | F278052 | 511185 | 3867503 | 712 | 0.53 | 9.17 | 0.04 | 0.25 | 0.61 |
| C | F278053 | 511181 | 3867516 | 714 | 0.01 | 3.56 | 0.00 | 0.30 | 0.09 |
| D | F278054 | 511182 | 3867536 | 719 | 0.05 | 2.95 | 0.00 | 0.40 | 0.06 |
| E | F278055 | 511209 | 3867614 | 736 | 0.08 | 3.18 | 0.00 | 0.18 | 0.02 |
| F | F278056 | 511229 | 3867640 | 743 | 0.12 | 2.79 | 0.00 | 0.27 | 0.03 |
| G | F278057 | 511270 | 3867668 | 775 | 14.10 | 9.08 | 0.06 | 0.40 | 0.51 |
| H | F278058 | 511238 | 3867486 | 728 | 0.32 | 3.87 | 0.03 | 0.07 | 0.21 |
| I | F278059 | 511591 | 3867483 | 738 | 0.05 | 0.36 | 0.17 | 0.89 | 0.01 |
| J | F278060 | 511452 | 3867566 | 787 | 0.42 | 20.70 | 0.06 | 0.05 | 0.49 |
| K | F278061 | 511378 | 3867622 | 792 | 0.25 | 7.83 | 0.02 | 0.06 | 0.17 |
| L | F278062 | 511343 | 3867613 | 789 | 0.25 | 4.64 | 0.01 | 0.01 | 0.21 |
| M | F278063 | 511595 | 3867636 | 812 | 0.15 | 2.50 | 0.02 | 0.16 | 0.25 |
| N | F278064 | 511617 | 3867601 | 796 | 0.01 | 0.58 | 0.01 | 0.08 | 0.09 |
| O | F278065 | 511125 | 3867728 | 796 | 0.03 | 6.90 | 0.00 | 0.09 | 0.17 |
| P | F278066 | 511159 | 3867925 | 865 | 0.04 | 2.96 | 0.14 | 0.14 | 0.24 |
| Q | F278067 | 511179 | 3867932 | 864 | 0.03 | 0.61 | 0.02 | 0.19 | 0.03 |
| R | F278068 | 511016 | 3867837 | 857 | 0.00 | 17.30 | 0.00 | 0.07 | 0.01 |
| S | F278069 | 511283 | 3867661 | 777 | 12.45 | 15.95 | 0.08 | 0.29 | 0.74 |
| T | F278070 | 511302 | 3867680 | 794 | 4.58 | 9.02 | 0.15 | 0.37 | 5.74 |
| U | F278071 | 511363 | 3867570 | 781 | 1.13 | 12.65 | 0.02 | 0.06 | 0.32 |
| V | F278072 | 511478 | 3867509 | 772 | 0.72 | 10.25 | 0.03 | 0.04 | 0.59 |
| W | F278073 | 511519 | 3867501 | 764 | 0.16 | 2.73 | 0.04 | 0.08 | 0.17 |
| X | F278074 | 511485 | 3867458 | 753 | 0.05 | 2.56 | 0.01 | 14.75 | 0.10 |
| Y | F278075 | 511440 | 3867459 | 751 | 0.18 | 1.58 | 0.00 | 22.80 | 0.07 |
| Z | F278076 | 511377 | 3867520 | 748 | 1.52 | 5.90 | 0.02 | 0.09 | 0.21 |
| AA | F278077 | 511314 | 3867501 | 734 | 1.71 | 3.28 | 0.01 | 0.05 | 0.19 |
Sampling and Quality Assurance/Quality Control
Grab samples were collected in the field and a 2 kg representative sample was sent for analysis. Rock samples are catalogued and securely stored in a warehouse facility in Barstow, California until they are ready for secure shipment to ALS Global Geochemistry in Reno, Nevada ("ALS Reno") for sample preparation and gold analysis. After preparation, splits of prepared pulps are securely shipped to ALS Vancouver, British Columbia for analysis.
Samples were prepared at ALS Reno (Prep-31 package) with each sample crushed to better than 70% passing a 2 mm (Tyler 9 mesh, U.S. Std. No. 10) screen. A split of 250 g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh, U.S Std. No 200) screen. Surface samples were analyzed using complete characterization via the CCP-PK05 methods, which include whole rock analysis (ME-ICP06), ME-MS61, single element trace method using aqua regia digestion and ICP-MS (ME-MS42) and rare earth elements using the method ME-ME81, which consists of lithium borate fusion followed by ICP-MS. All surface samples were submitted for gold analysis by fire assay (Au-AA23). Over-range samples analyzed for copper, lead and zinc were re-submitted for analysis using a four-acid digestion and ICP-AES finish (method OG62) with a range of 0.001-50% for copper, 0.001-20% for lead, and 0.001-30% for zinc. Gold was analyzed by fire assay with atomic absorption finish (method Au-AA25) with a reportable range of 0.01-100 ppm Au. All analyses were completed at ALS Vancouver except for gold by fire assay, which was completed at ALS Reno.
Apollo's QA/QC program includes ongoing auditing of all results from the laboratories. The Company's Qualified Person is of the opinion that the sample preparation, analytical, and security procedures followed are sufficient and reliable. The Company is not aware of any sampling issues or other factors that could materially affect the accuracy or reliability of the data reported herein.
2025 Marketing Initiatives
The Company also announces that it has engaged Creative Direct Marketing Group, Inc. ("CDMG"), an arm's-length service provider, to provide creative services in accordance with the policies of the TSX Venture Exchange ("TSXV") and applicable securities laws. Based in Nashville, Tennessee, CDMG specializes in marketing, advertising, and public awareness across various sectors, including mining and metals.
Pursuant to a work order dated May 16, 2025 (the "Agreement"), the Company has retained CDMG's for a one-time fee of approximately US$129,800. The Agreement represents a creative budget for marketing and advertising services (the "Services"), enabling CDMG to begin preparing content that may be used in future campaigns. No specific marketing campaign has been prepared, approved, or scheduled at this time. The engagement is subject to the approval of the TSX Venture Exchange.
Qualified Person
The scientific and technical data contained in this news release was reviewed and approved by Isabelle Lépine, M.Sc., P.Geo., Apollo's Director, Mineral Resources. Ms. Lépine is a registered professional geologist in British Columbia and a QP as defined by NI 43-101 and is not an independent of the Company.
About Apollo Silver
Apollo Silver has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.
Please visit www.apollosilver.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Ross McElroy, President and CEO
For further information, please contact:
Amandip Singh, VP Corporate Development
Telephone: +1 (604) 428-6128
Email: info@apollosilver.com
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.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation the expected benefits and strategic rationale of the Mule claims acquisition; the timing, scope, and success of planned exploration activities, including mapping, sampling, and drilling at the Burcham prospect; the potential for silver, gold, and copper mineralization; and the Company's ability to advance, develop, and permit the Calico Project. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and Ba; the demand for silver, gold and Ba; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company's expected financial and operational performance and the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .
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Investorideas.com, a global investor news source covering mining and metals stocks releases a new episode of the Exploring Mining Podcast . Host Cali Van Zant talks with Andrew Bowering, Chairman of Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0). Apollo Silver Corp. has assembled an experienced and technically strong leadership team who have joined to advance world class precious metals projects in tier-one jurisdictions.
Andrew Bowering, Chairman of Apollo Silver Corp
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Andy shares his background, his passion for the mining sector, how he defines success and his vision for Apollo Silver Corp. and its key projects.
Key takeaways from interview:
Apollo Silver team to complete compilation of data from 8,000-10,000 sample program and announce compliant barite resource by end of first half of the year.
Apollo Silver team to review recently received field prospecting and sampling data around gold structures.
Apollo Silver team to plan and execute a drill program this year to determine the footprint of the gold resource south of the silver deposit.
Apollo Silver teams plan to conduct an economic study (PEA) on the silver resource in the second half of this year.
Apollo Silver team to continue efforts to resolve community issues and regain social license at Cinco de Mayo project.
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Podcast Overview
Andrew Bowering, Chairman of Apollo Silver Corp shares his extensive background in the mining industry, which spans 35 years. Andy explains how he founded Apollo Silver at the request of investors, raising significant funds and acquiring assets from mid-tier to major companies in the silver space.
The conversation then shifts to the recent appointment of Ross McElroy as CEO of Apollo Silver. Andy highlights Ross' extensive experience in the industry, including his recent sale of Fission Uranium for $1.1 billion, and expresses enthusiasm about having Ross now lead the Apollo team. (Related news release)
California Mining Landscape and Calico Project
Andy discusses the mining landscape in California, highlighting the state's complex history with mining and environmental concerns. He explains that while California has been less popular for mining in recent years due to environmental regulations and water scarcity, there are still areas like San Bernardino County where mining operations are active. Andrew then describes Apollo's project, situated primarily on private land designated for mining, emphasizing its favorable location and historical significance. He also mentions the project's geological advantages, including a 1:1 strip ratio and a straightforward geological formation.
Calico Project
Andrew discusses the Calico project, which consists of three deposits: two silver (Waterloo and Langtry) and an historical gold deposit, The Burcham Mine. The project contains approximately 160 million ounces of silver and 70,000 ounces of gold. Andrew also mentions the presence of barite, a critical mineral, which could be valuable for negotiations with the government. For the upcoming year, the company plans to announce a compliant barite resource, conduct a drill program to determine the size of the gold resource, and perform an economic study on the silver resource.
Cinco De Mayo Mining Project
Andrew discusses their large mining project called Cinco de Mayo, located northwest of Chihuahua City in North Mexico. He explains that the project, potentially the largest CRD (Carbonate Replacement Deposit) in North America, lost its social license in 2012 when local surface owners banned mining. Andrew's company, Apollo, has been given a five-year option to resolve community issues and resume drilling. He draws parallels to his previous success with Prime Mining in Sinaloa, Mexico, where he restored community support and unlocked significant value. Andrew believes his team's local connections and experience will help them resolve the social license issues at Cinco de Mayo, potentially turning it into a highly valuable project.
Mining in Northern Mexico's Economy
Andrew shares the importance of mining in Northern Mexico's economy and the recent changes in government policy. He explains that the previous government tried to restrict mining, but the new Sheinbaum government is now opening up the sector for foreign investment. Andrew emphasizes the positive impact of mineral exploration and mine development on local communities in Mexico. He mentions that officials from Chihuahua's Ministry of Mines visited their office, expressing excitement about the potential reopening of the Cinco de Mayo project, which could bring significant economic benefits to the area.
Mining Industry Success
Andrew talks about the key elements for success in the mining industry, emphasizing the importance of good assets, a strong management team, and a solid shareholder base with a good capital structure. He stresses the value of teamwork and hiring smart, hardworking individuals. Andrew explains his role in raising money and promotion, while also highlighting his hands-on experience and personal financial commitment to Apollo. He says he believes that demonstrating leadership through personal investment attracts good supporters, which in turn brings more supporters and provides the patience needed for long-term projects.
About Apollo Silver Corp.
Apollo has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.
Please visit www.apollosilver.com for further information.
Apollo on X @corp_apollo
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Apollo Silver Corp. (" Apollo " or the " Company ") (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce the appointment of Mr. Ross McElroy as President and CEO, effective immediately, succeeding Mr. Andrew Bowering, who will remain as Chair of the Board.
Mr. McElroy joins Apollo following the successful acquisition of Fission Uranium, a company he co-founded and eventually led as CEO, by Paladin Energy in a $1.14 billion transaction.
Mr. McElroy is a professional geologist with over 38 years of mining industry experience, both in operational and corporate roles, having worked with major, mid-tier, and junior mining and exploration companies. His extensive international background spans from grassroots exploration to development to mining operations. He has played a key role in the discoveries of numerous world-class uranium and gold orebodies, several of which have been advanced to development and mining operations. His accomplishments have earned widespread recognition, including being named The Northern Miner's "Mining Person of the Year" (2013), and receiving PDAC's prestigious "Bill Dennis Award" (2014).
Mr. McElroy holds a Bachelor of Science degree with a specialization in Geology from the University of Alberta, and is a registered professional geologist in Saskatchewan, British Columbia, Nunavut, and the Northwest Territories.
"I am excited to be joining Apollo as its new President and CEO at such a pivotal time in the Company's growth and development ," said Mr. McElroy. " Apollo is backed by a strong portfolio of silver assets and a highly capable team with a proven track record. I'm eager to build on that foundation and drive the Company toward its next phase of growth. I see a major opportunity to unlock significant value for shareholders as the Company advances towards becoming a leading silver developer in the Americas ."
Mr. Bowering added, " I am looking forward to working closely with Ross. Our ability to attract someone with Ross' expertise, energy and track record of value creation speaks volumes about the opportunity at Apollo. I believe he will have a transformative impact on the Company's future and all stakeholders will benefit greatly ."
Grant of Options
In connection with his appointment, Mr. McElroy has been granted an aggregate of 2,500,000 incentive stock options (the " Options ") pursuant to the Company's Omnibus Incentive Plan. The Options are exercisable at a price of $0.315 per common share, have a term of five years, and will vest over a 24-month period: one-third on the grant date, one-third after 12 months, and the balance after 24 months.
About Apollo Silver Corp.
Apollo has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.
Please visit www.apollosilver.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew Bowering
Chairman
For further information, please contact:
Andrew Bowering
Chairman
Telephone: +1 (604) 428-6128
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.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation the statements regarding the Company's future growth, development plans, potential to unlock shareholder value, and expectations regarding Mr. McElroy's impact on the Company and its stakeholders. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and Ba; the demand for silver, gold and Ba; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company's expected financial and operational performance and the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .
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The central bank has held its benchmark rate at 4.25 to 4.5 percent since November 2024.
Silver price, May 29 to June 5, 2025.
Chart via the Investing News Network.
CME Group's (NASDAQ:CME) FedWatch tool shows half of market respondents predict a 0.25 percent cut at the Fed's September meeting, while the other half is split on the Fed holding the line and a deeper 0.5 percent cut.
Silver's spike also comes after a phone call between US President Donald Trump and Russian President Vladimir Putin. Following the discussion, Trump said a near-term ceasefire between Russia and Ukraine is unlikely, noting that Putin has vowed to respond to recent attacks by Ukraine that destroyed more than 40 nuclear-capable aircraft.
On the economic data front, the US released its weekly unemployment insurance report on Thursday. It shows that the advance figure for seasonally adjusted initial claims was 247,000 for the week ended on May 31. The four week average has been pushed to 1.9 million, the highest level since November 27, 2021.
The US Bureau of Labor Statistics reported more data to suggest a slumping US economy in a Thursday report focused on Q1. In its release, the bureau said that nonfarm labor productivity decreased 1.5 percent in the first quarter of the year as output decreased 0.2 percent and hours worked increased 1.3 percent.
The labor news comes as the Trump administration ratcheted up tariffs on steel and aluminum products to 50 percent this week, raising the possibility of a deepening trade war, and putting greater pressure on the global economy.
Elsewhere, gold and equity markets weren’t faring as well on Thursday.
Gold was off by 0.5 percent in morning trading, falling to US$3,353.66 per ounce.
The metal has surged more than 25 percent this year, setting a slew of new price records, and has continued to trade in elevated territory, fueled by the same conditions as silver’s recent run.
The S&P 500 (INDEXSP: INX) was flat, recording a 0.14 percent decline to 5,961. The Nasdaq-100 (INDEXNASDAQ: NDX) was the sole gainer in morning trading, rising 0.24 percent to 21,776, and the Dow Jones Industrial Average (INDEXDJX: .DJI) was unchanged at 42,422.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
With those factors in mind, let’s look at the pros and cons of buying silver bullion.
Silver bullion is often considered a good safe-haven asset. As mentioned, investors often flock to precious metals in times of turmoil, politically and economically. For example, physical silver and gold have both performed strongly in recent years against a background of geopolitical instability and high inflation.
"What you can know with absolute certainty is that good money — so physical gold, physical silver in your possession — is the single safest thing that you can do to protect yourself from all of those issues, plus so many more," Lynette Zang of ITM Trading told the Investing News Network at the 2024 Vancouver Resource Investment Conference.
While cash, mining stocks, bonds and other financial products are accepted forms of wealth, they are essentially still digital promissory notes. For that reason, they are all vulnerable to depreciation due to actions like printing money. A troy ounce of silver bullion, on the other hand, is a finite tangible asset. That means that, although it is vulnerable to market fluctuations like other commodities, physical silver isn’t likely to completely crash because of its inherent and real value. Market participants can buy bullion in different forms, such as silver coins or silver jewelry, or they can buy silver bullion bars.
Compared to gold bullion, silver is significantly cheaper, which makes it more accessible for investors looking for an affordable entrance to the precious metals market. This can make it easier for investors to build up a portfolio over time.
Another benefit is that investors who need to convert their precious metals to currency will have an easier time selling a portion of their silver portfolio than those looking to sell part of their gold. Just as a US$100 bill can be a challenge to break at the store, divvying up an ounce of gold bullion can be a challenge. As a result, silver bullion is more practical and versatile, particularly for everyday investors who need flexibility in their investments.
Silver tends to move in tandem with gold: when the price of gold rises, so too does the price of silver. Because the white metal is currently worth around 1/100th the price of gold, buying silver bullion is affordable and stands to see a much bigger percentage gain if the silver price goes up. In fact, silver has outperformed the gold price in bull markets. It’s possible for an investor to hedge their bets with silver bullion in their investment portfolio.
Silver and gold have been used as legal tender for thousands of years, and that lineage lends them a sense of stability. Many buyers find comfort in knowing that silver has been recognized for its value throughout a great deal of mankind’s history, and so there’s an expectation that it will endure while a fiat currency may fall to the wayside. When individuals invest in physical silver, there is a reassurance that the metal has value that will continue to persist. Additionally, its increasing use as an industrial metal in the energy transition has improved the metals fundamentals even further.
Unlike most other investments, such as stocks, holding silver bullion can leave investors vulnerable to theft. And of course, the more physical assets, including silver jewelry, that reside within your home, the more at risk you are for losing significantly if a burglary takes place. It's possible to secure your assets from looting by using a safety deposit box in a bank or a safe box in your home, but this will incur additional costs.
Silver may not perform as well as other investments, such as real estate or even other metals. Mining stocks, especially silver stocks that pay dividends, may also be a better option than silver bullion for some investors. Royalty and streaming companies are another option for those interested in investing in silver, as are exchange-traded funds and silver futures.
When investors try to buy any bullion product, such as an American silver ounce coin known as a silver eagle, they quickly find out that the physical silver price is generally higher than the silver spot price due to premiums used by sellers. What’s more, if demand is high, premiums can go up fast, making the purchase of physical silver bullion more expensive and a less attractive investment.
Silver bullion coins are not legal tender, meaning they can't be used for every day purchases. Since the metal is usually used as an investment, this isn't often an issue. However, it does mean that if silver needs to be sold in a hurry to cover expenses, investors will need to find a buyer. If you can't access a bullion dealer and are in a jam, pawn shops and jewelers are an option, but they won't necessarily pay well.
Interested in adding silver to your portfolio? Watch the Investing News Network's (INN) interview with Mark Yaxley of precious metals dealer SWP. He discusses how much to buy, what products to consider and more.
Larisa Sprott: Gold, Silver Early in Cycle, Smart Money Buying NowAlso, check out this INN interview with Larisa Sprott of Sprott Money and Argo to learn about investing in silver bullion as a digital asset.
This is an updated version of an article originally published by the Investing News Network in 2016.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Locality map illustrating the position of Cobre’s project areas. Green licenses are relevant tothe Transaction, dark grey licenses will be run, and are owned, independently by Cobre.
At Perrinvale, Cobre is exploring a quartz unit with grades up to 99.6 percent silica, which is critical for electronics, solar photovoltaics and semiconductors. A published exploration target of up to 28.3 Mt and encouraging metallurgical results have attracted early interest from potential partners, including Malaysian group GK Silica.
Cobre remains well-positioned financially, with approximately AU$3 million in cash and investments as of March 2025. The company’s shareholder base is tightly held, with insiders owning over 7 percent and cornerstone investor Strata Investment Holdings controlling nearly 20 percent.
For the full analyst report, click here.
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Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned on this website.
Santo Niño: A New Gold-Silver Discovery Confirmed 900 Metres South of the Santa Elena Plant.
Navidad: Drilling Expands the Mineral Deposit Footprint and Returns Higher-Grade Gold and Silver.
First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to report a second significant discovery of vein-hosted gold and silver mineralization within a year at the Santa Elena property in Sonora, Mexico, and to share additional positive drilling results from the Navidad discovery. The near surface, newly identified Santo Niño vein, located approximately one kilometre south of the Santa Elena mine, marks a significant addition to the district. Resource addition and resource conversion drilling at the Navidad Discovery - completed after maiden Inferred Resource estimate declaration (see news release dated March 31, 2025 substantially increased the size of the mineralized area and several holes returned higher than average grades for the deposit. With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district.
"The past twelve months of our exploration activities at Santa Elena have been outstanding," stated Keith Neumeyer, President & CEO of First Majestic. "The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope. Together with the producing Santa Elena and Ermitaño mines, these new deposits confirm Santa Elena as a truly prolific district with tremendous untapped potential. We believe Santo Niño and Navidad will meaningfully extend the mine life and will unlock additional value to the portfolio."
EXPLORATION HIGHLIGHTS FOR SANTO NIÑO AND NAVIDAD
Exploration drilling approximately 900 metres ("m") south of the Santa Elena processing plant has discovered the Santo Niño vein - a large, epithermal quartz-adularia vein hosting gold ("Au") and silver ("Ag") within a newly identified fault zone. Exploration drilling to date has traced the vein over one kilometre ("km") of strike and 400 m down-dip, with thirteen intercepts to date returning significant gold and silver grades. Confirmed mineralization spans more than 600 m along strike and approximately 200 m down dip, and the upside potential is open in multiple directions. Geological characteristics closely mirror those of the Ermitaño deposit, situated approximately 2.2 km to the east-southeast along strike, underscoring the district-scale potential at Santa Elena.
Drilling of the Navidad/Winter vein system, following the maiden Inferred Mineral Resource estimate effective December 31, 2024, expanded the footprint of precious metal mineralization while returning gold and silver grades substantially higher than were reported in the maiden Resource estimate. Drillhole EWUG-25-050 targeted the Winter vein more than 100 m east of prior drilling and intersected some of the highest-grade mineralization ever encountered on the Santa Elena Property: 6.8 m grading 14.8 g/t Au and 642 g/t Ag for an AgEq grade of 1,898 g/t. This interval includes 1.2 m at 29.5 g/t Au and 919 g/t Ag for 3,427 g/t AgEq; and 2.5m at 21.2 g/t Au and 1,093 g/t Ag for 2,897 g/t AgEq. Five additional significant intersections were cut further downhole including that of the Navidad vein. Resource conversion drilling confirms the continuity of precious metal mineralization and, in general, returned significantly higher gold and silver grades than estimated from prior drilling.
KEY DRILLING HIGHLIGHTS
Tables 1-3 below present a selection of drill hole intercepts with significant assay results from drilling at the Santo Niño and Navidad discoveries. All intercepts are true width.
Santo Niño Discovery Highlights
Table 1: Santo Niño Vein Significant Intercepts
| Hole ID | From (m) | To (m) | True Width (m) | Metal Grades |
| SE-24-04 | 471.45 | 473.80 | 1.93 | 3.07 g/t Au and 115 g/t Ag |
| And | 479.80 | 482.40 | 1.99 | 2.69 g/t Au and 59 g/t Ag |
| SE-25-15 | 345.00 | 347.20 | 1.91 | 8.38 g/t Au and 248 g/t Ag |
| Includes 1 | 345.75 | 346.25 | 0.43 | 27.50 g/t Au and 641 g/t Ag |
| SE-25-19 | 363.20 | 364.95 | 1.12 | 2.10 g/t Au and 34 g/t Ag |
| And | 366.25 | 372.30 | 5.24 | 1.51 g/t Au and 81 g/t Ag |
| And | 374.00 | 388.25 | 12.34 | 1.65 g/t Au and 113 g/t Ag |
| SE-25-23 | 376.20 | 378.60 | 1.84 | 4.81 g/t Au and 94 g/t Ag |
Navidad Discovery Highlights
Table 2: Winter Vein Significant Intercepts
| Hole ID | From (m) | To (m) | True Width (m) | Metal Grades |
| EWUG-25-050 | 702.50 | 713.10 | 6.81 | 14.77 g/t Au and 642 g/t Ag |
| Includes 1 | 702.90 | 704.75 | 1.19 | 29.51 g/t Au and 919 g/t Ag |
| Includes 2 | 705.10 | 708.95 | 2.47 | 21.22 g/t Au and 1093 g/t Ag |
| EWUG-25-051 | 569.10 | 575.90 | 5.89 | 11.11 g/t Au and 215 g/t Ag |
| Includes 1 | 569.45 | 569.90 | 0.39 | 17.81 g/t Au and 189 g/t Ag |
| Includes 2 | 571.15 | 572.50 | 1.17 | 24.99 g/t Au and 435 g/t Ag |
| Includes 3 | 573.45 | 573.80 | 0.30 | 12.05 g/t Au and 518 g/t Ag |
| Includes 4 | 574.35 | 575.00 | 0.56 | 16.52 g/t Au and 367 g/t Ag |
Table 3: Navidad Vein Significant Intercepts
| Hole ID | From (m) | To (m) | True Width (m) | Metal Grades |
| EW-24-387 | 1369.65 | 1371.75 | 1.61 | 4.74 g/t Au and 209 g/t Ag |
| EW-25-389 | 1120.95 | 1122.55 | 1.23 | 2.33 g/t Au and 158 g/t Ag |
| EW-25-389 | 1124.65 | 1129.55 | 3.75 | 6.06 g/t Au and 103 g/t Ag |
| EWUG-25-047 | 803.90 | 806.90 | 1.93 | 2.54 g/t Au and 14 g/t Ag |
| EWUG-25-047 | 815.00 | 825.45 | 9.05 | 3.31 g/t Au and 55 g/t Ag |
| EWUG-25-050 | 1017.00 | 1019.50 | 1.25 | 2.75 g/t Au and 314 g/t Ag |
District-Scale Exploration Strategy
Building on the exploration model unveiled in February 2025, our exploration team delivered a second gold and silver discovery in less than 12 months - the Santo Niño vein. By drilling beneath the masking andesitic cover into the prospective rhyolite horizon, geologists intercepted the Santo Niño vein and delineated zones of high-grade mineralization. Large portions of the Santa Elena concession, where this rhyolite is concealed, have not yet been explored, underscoring the district's untapped potential. Figure 1 shows the locations of the two new discoveries within the broader Santa Elena property.
Figure 1: Santa Elena Property Schematic Map of the Santo Niño and Navidad Discovery Areas. Plan View.
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Santo Niño Target
The Santo Niño discovery sits approximately 900 m south of the Santa Elena processing plant and 2.2 km west-northwest of the Ermitaño deposit. Twenty-three diamond drill core holes have been completed to date with thirteen returning significant vein-hosted gold and silver mineralization (Figures 2 and 3). Eleven of those intercepts define a continuous, higher-grade zone in the vein's western upper levels.
Santo Niño is a low-sulphidation, epithermal quartz-adularia vein within the Santo Niño fault zone (Figure 4). Drilling shows the structure strikes north-northwest and dips moderately to the northeast. The vein has now been traced for more than 1 km along strike and 400 m down-dip. Within that envelope, a mineralized core measuring ~600 m along strike by ~220 m down-dip has been identified to date. The average thickness of the mineralized zone is ~4.5 m and ranges from 1 m to 12.3 m. The mineralized area outlined by drilling is located in the western portion of the drill pattern projecting towards surface and the westernmost drill holes have returned some of the highest gold and silver grades. Mineralization remains open to the west and up-dip, while step-out holes on the east side have also intersected additional significant Au-Ag values that are open both eastward and at depth.
The full extent of the Santo Niño vein is yet to be defined, and substantial follow-up drilling is planned for 2025 to test its lateral and vertical potential.
Figure 2: Santo Niño Discovery Details, Santo Niño Vein. (A) Vertical Cross-Section of the Santo Niño Vein looking East. (B) Plan View of the Santo Niño Vein. (C) Long-Section Looking North. Full Projection of Santa Elena Mine Located ~ 1km North from Santo Niño Vein.
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Figure 3: Santo Niño Vein Long Section Looking North with Significant Intercepts Highlighting the Emerging Mineral Discovery.
Santa Elena Mine Projected in the Background for Reference.
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Figure 4: Core Photography of the Sano Niño Quartz-Adularia Vein with Gold and Silver Mineralization Detected by XRF Analysis
Hole SE-25-19 Assay Results: 12.34 m at 1.65 g/t Au and 113 g/t Ag (true width)
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Navidad Target
Drilling in the first half of 2025 has significantly expanded the Navidad/Winter vein system and delivered assay grades that exceed the averages estimated from prior drilling in the maiden Inferred Mineral Resource estimate. Step-out and in-fill holes have now traced the combined structure for 1.3 km along strike and 450 m down-dip, confirming both the lateral continuity and the vertical reach of high-grade mineralization.
The most significant growth has occurred on the eastern flank of the deposit. Since the resource cut-off date, drilling to the east has expanded the Winter vein by 175 m, and the Navidad vein by 325 m, with each step-out hole returning robust precious-metal values (Figure 5).
Three holes highlight the potential for deposit grade increase, and core photos from these holes are shown in Figures 6 and 7:
Structural interpretation indicates that the principal mineral shoots in both veins plunge gently - about 20° toward the east-northeast - and remain open up and down plunge (Figures 8 and 9).
In combination with the emerging Santo Niño discovery, the Navidad/Winter results reinforce Santa Elena's status as a district-scale, multi-deposit system with significant upside. An aggressive drill program, with nine active rigs currently, is in progress for the remainder of 2025, drilling aims to test the full strike length and depth potential of the new discoveries and to explore for additional mineral deposits.
Figure 5: Navidad Vein System Detail. Winter and Navidad Veins. (A) Long-Section of Winter Vein Showing Expansion from Drilling. (B) Plan View of Winter Vein. (C) Long Section of Navidad Vein Showing Expansion from Drilling. (D) Plan View of Navidad Vein.
Full Projection, Long Sections Looking North.
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Figure 6: Core Photography of the Winter Vein with Very High-Grade Gold and Silver Mineralization Detected by XRF Analyzer.
Hole EW-25-050 Assay Results: 6.81 m at 14.77 g/t Au and 642 g/t Ag (true width).
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Figure 7: Core Photography of the Navidad Vein with High-Grade Gold and Silver Mineralization Detected by XRF Analyzer.
Hole EW-25-389 Assay Results: 1.23 m at 2.33 g/t Au and 158 g/t Ag and 3.75 m at 6.06 g/t Au and 103 g/t Ag (true width).
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Figure 8: Winter Vein Long Section Looking Northwest with Significant Intercepts. Green Boundary Represents the Previously Disclosed Inferred Mineral Resource.
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Figure 9: Navidad Vein Long Section Looking Northwest with Significant Intercepts. Green Boundary Represents the Previously Disclosed Inferred Mineral Resource.
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Table 4: Drilling Summary of Significant Gold and Silver Drill Hole Intercepts at Santo Niño and Navidad Discoveries
| Drillhole | Target | Target Type | Significant Intercept | |||||
| From (m) | To (m) | True Length (m) | Au (g/t) | Ag (g/t) | AgEq (g/t) | |||
| Santo Niño Project | ||||||||
| SE-24-04 | Santo Niño Vein 1 | Resource addition | 471.45 | 473.80 | 1.93 | 3.07 | 115 | 376 |
| SE-24-04 | Santo Niño Vein 2 | Resource addition | 479.80 | 482.40 | 1.99 | 2.69 | 59 | 288 |
| SE-24-04 | Santo Niño Vein 3 | Resource addition | 484.35 | 486.00 | 1.26 | 1.12 | 141 | 236 |
| SE-24-04 | Santo Niño Vein 4 | Resource addition | 486.80 | 488.45 | 1.26 | 1.12 | 55 | 151 |
| SE-24-08 | Santo Niño Vein 1 | Resource addition | 558.10 | 559.40 | 1.18 | 1.15 | 30 | 128 |
| SE-24-08 | Santo Niño Vein 2 | Resource addition | 562.70 | 564.00 | 1.18 | 0.53 | 88 | 133 |
| SE-25-10 | Santo Niño Vein 1 | Resource addition | 650.40 | 653.55 | 2.73 | 0.81 | 84 | 153 |
| SE-25-10 | Santo Niño Vein 2 | Resource addition | 655.15 | 659.25 | 3.55 | 0.67 | 93 | 150 |
| SE-25-12 | Vein | Resource addition | 374.00 | 375.70 | 1.2 | 1.39 | 27 | 145 |
| SE-25-12 | Santo Niño Vein | Resource addition | 381.30 | 389.30 | 5.66 | 1.18 | 120 | 221 |
| SE-25-13 | Santo Niño Vein | Resource addition | 492.75 | 495.30 | 2.51 | 1.83 | 41 | 197 |
| SE-25-14 | Santo Niño Vein | Resource addition | 639.95 | 641.55 | 1.03 | 2.69 | 151 | 379 |
| SE-25-15 | Santo Niño Vein | Resource addition | 345.00 | 347.20 | 1.91 | 8.38 | 248 | 960 |
| SE-25-15 | Include 1 | Resource addition | 345.75 | 346.25 | 0.43 | 27.5 | 641 | 2,979 |
| SE-25-16 | Santo Niño Vein | Resource addition | 344.85 | 347.00 | 1.95 | 2.55 | 20 | 237 |
| SE-25-18 | Santo Niño Vein | Resource addition | 396.45 | 398.25 | 1.16 | 1.88 | 120 | 280 |
| SE-25-19 | Vein | Resource addition | 363.20 | 364.95 | 1.12 | 2.1 | 34 | 212 |
| SE-25-19 | Breccia | Resource addition | 366.25 | 372.30 | 5.24 | 1.51 | 81 | 209 |
| SE-25-19 | Santo Niño Vein | Resource addition | 374.00 | 388.25 | 12.34 | 1.65 | 113 | 253 |
| SE-25-21 | Breccia | Resource addition | 386.35 | 388.95 | 2.13 | 2.6 | 58 | 279 |
| SE-25-21 | Santo Niño Vein | Resource addition | 405.35 | 415.20 | 8.07 | 0.8 | 65 | 133 |
| SE-25-22 | Santo Niño Vein 1 | Resource addition | 488.50 | 489.80 | 1.13 | 1.79 | 55 | 208 |
| SE-25-22 | Santo Niño Vein 2 | Resource addition | 492.00 | 495.55 | 3.07 | 2 | 60 | 229 |
| SE-25-23 | Santo Niño Vein | Resource addition | 376.20 | 378.60 | 1.84 | 4.81 | 94 | 503 |
| SE-25-25 | Santo Niño Vein | Resource addition | 421.50 | 424.25 | 1.94 | 1.4 | 66 | 185 |
| Navidad Project | ||||||||
| EW-24-387 | Navidad Vein | Resource addition | 1369.65 | 1371.75 | 1.61 | 4.74 | 209 | 611 |
| EW-24-388 | Vein | Resource addition | 883.20 | 885.80 | 2.25 | 3.92 | 35 | 368 |
| EW-24-388 | Winter Vein | Resource addition | 973.20 | 976.40 | 2.77 | 2.06 | 66 | 241 |
| EW-24-388 | Regalo Vein | Resource addition | 1178.50 | 1179.95 | 1.11 | 1.34 | 98 | 212 |
| EW-24-388 | Navidad Vein | Resource addition | 1201.05 | 1202.65 | 1.39 | 1.84 | 180 | 336 |
| EW-24-388 | Vnlts | Resource addition | 1275.90 | 1277.35 | 1.26 | 0.83 | 83 | 153 |
| EW-25-389 | Navidad Vein | Resource addition | 1120.95 | 1122.55 | 1.23 | 2.33 | 158 | 356 |
| EW-25-389 | Navidad Vein 2 | Resource addition | 1124.65 | 1129.55 | 3.75 | 6.06 | 103 | 618 |
| EW-25-389 | Include | Resource addition | 1125.55 | 1126.15 | 0.46 | 16.1 | 342 | 1,711 |
| EW-25-391 | Vnlts | Resource addition | 996.70 | 998.50 | 1.03 | 1.78 | 117 | 268 |
| EW-25-391 | Navidad Vein 1 | Resource addition | 1010.20 | 1011.45 | 1.13 | 0.85 | 92 | 165 |
| EW-25-391 | Navidad Vein 2 | Resource addition | 1012.80 | 1015.10 | 2.08 | 1.41 | 123 | 242 |
| EW-25-391 | Vein | Resource addition | 1195.10 | 1198.90 | 1.9 | 1.42 | 117 | 237 |
| EWUG-24-047 | Regalo Vein | Resource addition | 803.90 | 806.90 | 1.93 | 2.54 | 14 | 231 |
| EWUG-24-047 | Navidad Vein | Resource conversion | 815.00 | 825.45 | 9.05 | 3.31 | 55 | 337 |
| EWUG-25-050 | Winter Vein | Resource addition | 702.50 | 713.10 | 6.81 | 14.77 | 642 | 1,898 |
| EWUG-25-050 | Include 1 | Resource addition | 702.90 | 704.75 | 1.19 | 29.51 | 919 | 3,427 |
| EWUG-25-050 | Include 2 | Resource addition | 705.10 | 708.95 | 2.47 | 21.22 | 1,093 | 2,897 |
| EWUG-25-050 | Vein | Resource addition | 720.50 | 724.15 | 2.09 | 3.66 | 141 | 452 |
| EWUG-25-050 | Include | Resource addition | 720.50 | 721.05 | 0.32 | 11.01 | 413 | 1,349 |
| EWUG-25-050 | Regalo Vein | Resource addition | 1017.00 | 1019.50 | 1.25 | 2.75 | 314 | 548 |
| EWUG-25-050 | Navidad Vein | Resource addition | 1051.30 | 1057.20 | 3.79 | 0.82 | 100 | 169 |
| EWUG-25-050 | Stockwork | Resource addition | 1068.70 | 1073.30 | 1.94 | 1.86 | 15 | 173 |
| EWUG-25-050 | Stockwork | Resource addition | 1122.10 | 1127.45 | 2.68 | 2.44 | 114 | 322 |
| EWUG-25-051 | Winter Vein | Resource conversion | 569.10 | 575.90 | 5.89 | 11.11 | 215 | 1,159 |
| EWUG-25-051 | Include 1 | Resource addition | 569.45 | 569.90 | 0.39 | 17.81 | 189 | 1,703 |
| EWUG-25-051 | Include 2 | Resource addition | 571.15 | 572.50 | 1.17 | 24.99 | 435 | 2,559 |
| EWUG-25-051 | Include 3 | Resource addition | 573.45 | 573.80 | 0.3 | 12.05 | 518 | 1,543 |
| EWUG-25-051 | Include 4 | Resource addition | 574.35 | 575.00 | 0.56 | 16.53 | 367 | 1,772 |
Notes:
First Majestic's drilling programs follow established Quality Assurance, Quality Control ("QA/QC") insertion protocols with standards, blanks, and duplicates introduced into the sample-stream. After geological logging, all drill core samples are cut in half. One half of the core is submitted to the laboratory for analysis and the remaining half core is retained on-site for verification and reference purposes or for future metallurgical testing.
Core samples were submitted to the SGS laboratory (ISO/IEC 17025:2017) and to the First Majestic Central laboratory (Central laboratory) (ISO 9001:2015). At SGS, gold is analyzed by 30 g or 50 g fire assay atomic absorption finish (GE-FAA30V5, GE-FAA50V5). Results above 10 g/t gold are analyzed by 30 g or 50g fire assay gravimetric finish (GO-FAG30V, GO-FAG50V). Silver is analyzed by 3-acid digest atomic absorption finish (GE-AAS33E50). Results above 100 g/t silver are analyzed by 30 g or 50 g fire assay gravimetric finish (GO-FAG37V, GO-FAG57V). At Central laboratory, gold is analyzed by 30g fire assay atomic absorption finish (AU-AA13). Results above 10 g/t are analyzed by 30 g fire assay gravimetric finish (ASAG-14). Silver is analyzed by 3-acid digestion atomic absorption finish (AAG-13). Results above 100 g/t are analyzed by 30 g fire assay gravimetric finish (ASAG-14, ASAG-13).
For further information concerning QA/QC and data verification matters, key assumptions, parameters, and methods used by the Company to estimate Mineral Reserves and Mineral Resources, and for a detailed description of known legal, political, environmental, and other risks that could materially affect the Company's business and the potential development of Mineral Reserves and Mineral Resources, see the Company's most recently filed Annual Information Form available under the Company's SEDAR+ profile at www.sedarplus.ca and the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at www.sec.gov/edgar.
QUALIFIED PERSONS
Gonzalo Mercado, P. Geo., the Company's Vice President of Exploration and Technical Services and a "Qualified Person" as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release. Mr. Mercado has verified the exploration data contained in this news release, including the sampling, analytical and test data underlying such information.
ABOUT FIRST MAJESTIC
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.
First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available.
For further information, contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.
"signed"
Keith Neumeyer, President & CEO
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the full extent of the Santo Niño vein; follow-up drilling planned for 2025; statements relating to potential for grade increase of deposits; potential of drilling programs; and extension of mine life. Assumptions may prove to be incorrect and actual results and future events may differ materially from those anticipated. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements". Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: material adverse changes; general economic conditions including inflation risks; labour relations; relations with local communities; changes in national or local governments; exchange rate fluctuations; environmental risks; requirements for additional capital; outcomes of pending litigation; unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations as well as those factors discussed in the section entitled "Description of Business - Risk Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at www.sec.gov/edgar. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.
Cautionary Note to United States Investors
The Company is a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101.
NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.
APPENDIX - DRILL HOLE DETAILS
Table A15: Drill Hole Collar Location, Sample Type, Azimuth, Dip and Total Depth
| Drillhole | East | North | Elev | Azimuth | Dip | Depth (m) | Type |
| SE-24-02 | 581524 | 3320066 | 791.72 | 209.59 | -62.09 | 474 | Core |
| SE-24-03 | 581594 | 3319698 | 773.98 | 340.83 | -44.92 | 825 | Core |
| SE-24-04 | 581302 | 3320292 | 813.43 | 153.99 | -64.48 | 530 | Core |
| SE-24-05 | 581511 | 3320379 | 836.80 | 172.33 | -62.45 | 630 | Core |
| SE-24-06 | 581309 | 3320669 | 808.00 | 171.44 | -62.18 | 276 | Core |
| SE-24-07 | 581309 | 3320669 | 800.00 | 177.00 | -45.00 | 840 | Core |
| SE-24-08 | 581797 | 3320344 | 794.00 | 195.07 | -66.09 | 735 | Core |
| SE-25-09 | 581510 | 3320379 | 836.69 | 194.14 | -67.61 | 762 | Core |
| SE-25-10 | 581795 | 3320343 | 784.46 | 196.38 | -74.84 | 711 | Core |
| SE-25-11 | 581304 | 3320292 | 813.42 | 194.92 | -65.15 | 516 | Core |
| SE-25-12 | 581304 | 3320292 | 813.34 | 195.27 | -54.09 | 570 | Core |
| SE-25-13 | 581512 | 3320379 | 836.52 | 159.79 | -44.97 | 555 | Core |
| SE-25-14 | 581797 | 3320348 | 784.53 | 149.63 | -73.57 | 801 | Core |
| SE-25-15 | 581303 | 3320292 | 813.42 | 213.11 | -44.33 | 480 | Core |
| SE-25-16 | 581305 | 3320292 | 813.45 | 190.15 | -44.86 | 723 | Core |
| SE-25-17 | 582068 | 3320192 | 817.75 | 191.08 | -74.84 | 735 | Core |
| SE-25-18 | 581303 | 3320293 | 813.47 | 219.48 | -54.47 | 477 | Core |
| SE-25-19 | 581303 | 3320293 | 813.64 | 227.50 | -43.57 | 441 | Core |
| SE-25-20 | 581797 | 3320347 | 784.24 | 184.06 | -49.45 | 555 | Core |
| SE-25-21 | 581302 | 3320293 | 813.43 | 236.62 | -44.40 | 477 | Core |
| SE-25-22 | 581796 | 3320347 | 784.69 | 206.82 | -51.92 | 561 | Core |
| SE-25-23 | 581307 | 3320292 | 813.70 | 169.61 | -49.20 | 468 | Core |
| SE-25-24 | 581797 | 3320344 | 794.00 | 195.86 | -43.73 | 504 | Core |
| SE-25-25 | 581302 | 3320293 | 813.43 | 171.86 | -60.10 | 462 | Core |
| EW-24-387 | 583232 | 3319766 | 876.92 | 162.71 | -59.82 | 1500 | Core |
| EW-24-388 | 583419 | 3319716 | 871.26 | 174.77 | -58.45 | 1293 | Core |
| EW-25-389 | 582983 | 3319624 | 898.05 | 167.75 | -55.17 | 1272 | Core |
| EW-25-390 | 582913 | 3319501 | 916.44 | 169.95 | -60.03 | 1386 | Core |
| EW-25-391 | 582805 | 3319381 | 909.74 | 165.00 | -55.83 | 1334 | Core |
| EWUG-25-047 | 583639 | 3319413 | 603.12 | 201.42 | -58.99 | 852 | Core |
| EWUG-25-048 | 583666 | 3319415 | 603.35 | 172.63 | -65.66 | 1008 | Core |
| EWUG-25-049 | 583639 | 3319413 | 603.02 | 180.77 | -64.22 | 971.5 | Core |
| EWUG-25-050 | 583667 | 3319415 | 603.24 | 155.44 | -73.90 | 1149 | Core |
| EWUG-25-051 | 583638 | 3319413 | 603.71 | 194.12 | -69.43 | 1200 | Core |
Notes:
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