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First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad

Core Insights - First Majestic Silver Corp. has announced a second significant gold-silver discovery at the Santa Elena property, specifically the Santo Niño vein, located 900 meters south of the processing plant, alongside positive drilling results from the Navidad discovery [3][4] - The discoveries at Santo Niño and Navidad highlight the growing scale and potential of the Santa Elena district, which now hosts four significant deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño [3][4] Exploration Highlights - The Santo Niño vein has been traced over 1 kilometer along strike and 400 meters down-dip, with significant gold and silver grades returned from thirteen intercepts [5] - Drilling at the Navidad/Winter vein system has expanded the mineralization footprint, with drillhole EWUG-25-050 returning some of the highest grades ever encountered on the property, including 6.81 meters grading 14.77 g/t Au and 642 g/t Ag [6][24] Drilling Results - Significant intercepts from the Santo Niño vein include: - Hole SE-25-15: 1.91 meters at 8.38 g/t Au and 248 g/t Ag, including 0.43 meters at 27.50 g/t Au and 641 g/t Ag [8] - Significant intercepts from the Navidad vein include: - Hole EWUG-25-050: 6.81 meters at 14.77 g/t Au and 642 g/t Ag, including sub-intervals of 1.19 meters at 29.51 g/t Au and 919 g/t Ag [9][24] District-Scale Exploration Strategy - The exploration strategy has successfully delivered two significant discoveries within a year, reinforcing the potential of the Santa Elena district as a multi-deposit system [12][23] - An aggressive drilling program is currently underway, with nine active rigs testing the full strike length and depth potential of the new discoveries [23]