en.Wedoany.com Reported - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) (FSE: R74) reported drill results from the Boston Mine project in northeastern Nevada, USA, confirming the continuity of high-grade gold, silver, and copper mineralization below historical underground workings. A total of seven holes were completed to test surface mineralization and high-grade underground samples in the upper levels of the mine.

Drill results show that hole BM21-01 returned 2.86 g/t gold, 84.7 g/t silver, and 2.67% copper (6.39% copper equivalent) over 5 feet, within a broader 45-foot mineralized zone grading 1.73 g/t gold, 34.7 g/t silver, and 1.14% copper (3.25% copper equivalent). Infill drilling along the underground development strike also yielded significant intercepts.

The Boston Mine project has historical production, underground development, strong geophysical targets, and extensive exploration potential. Masivo CEO David Coburn stated that these drill results indicate the historical Boston Mine is not an isolated small occurrence; the drilling confirms the continuation of high-grade mineralization below the historical workings and supports the company's assessment that the mineralized system extends well beyond the original mine footprint. He noted that the company remains in the early stages of unlocking the potential of what could prove to be a significant mineralized zone.

The historical Boston Mine features a 190-foot shaft with underground development at the 90-foot and 190-foot levels, producing high-grade gold, silver, and copper mineralization from both levels. Historical reports indicate that shipments from the mine graded as high as 6.8% copper, 226 g/t silver, and 9 g/t gold. Recent channel sampling in the upper levels of the mine also returned values up to 35.5 g/t gold, 37.4 g/t silver, and 1.14% copper. The lower levels of the mine have not been accessed, and this initial drill program was designed to test mineralization between the upper and lower levels, as well as induced polarization anomalies near the mine workings.

Results from the recent drill program and underground sampling are as follows:

BM21-01 is a down-dip hole approximately 20 meters below mineralization exposed in the upper adit, returning two mineralized zones.

BM22-02 is a down-dip hole of BM21-01, returning two mineralized zones.

BM24-03 is an infill drill hole located approximately 35 meters south of BM21-01.

BM24-04 is located approximately 50 meters south of the Boston Mine mineralization and 20 meters south of the Boston Mine shaft, and is a 20-meter down-dip hole of mineralization in a trench that returned 3 meters grading 1.95 g/t gold, 52.5 g/t silver, and 2.4% copper.

BMIP-24-03 is a test of an IP anomaly approximately 100 meters west of the Boston Mine mineralization.

Copper equivalent (CuEq) calculations use assumed metal prices (copper $4.50/lb, gold $3,600/oz, silver $40/oz) and 90% recovery, with the formula: CuEq (%) = ((Cu grade (%) / 100 × 0.9 × 2204.6 × US$4.50) + (Au grade (g/t) × 0.9 / 31.1035 × US$3,600) + (Ag grade (g/t) × 0.9 / 31.1035 × US$40)) / (2204.6 × 0.01 × US$4.50).

Two additional holes, BMIP-01 and BMIP-02, tested IP anomalies 70 meters and 130 meters southeast of the Boston Mine, respectively, encountering calc-silicate alteration but no significant mineralization, and were not sampled. Masivo's evaluation of historical surface sampling and recent drilling shows mineralization extending 70 meters along strike, with drill intercepts located 50 meters below surface mineralization and 30 meters below high-grade upper-level channel samples, leaving room for expansion at depth and along strike. In addition to expanding mineralization through drilling, accessing the lower levels of the mine and conducting development sampling should also be considered. Masivo is compiling and integrating historical mining, drilling, geophysical, and geological information to prioritize future drill targets on the project area.

Masivo also announced that it will grant up to 4,000,000 incentive stock options to certain directors, officers, employees, and consultants under its stock option plan, with an exercise price of $0.10 per share, for a term of five years from the date of grant, subject to regulatory approval and the policies of the TSX Venture Exchange.