First Majestic Announces Positive Exploration Results at San Dimas

Core Insights - First Majestic Silver Corp. announced positive exploration results from its ongoing drilling program at the San Dimas Silver/Gold Mine in Durango, Mexico, highlighting the potential for new mineral resource discoveries [1][2] - The exploration program aims to discover new veins, expand mineral resources, and upgrade inferred mineral resources to indicated mineral resources [1][2] Drilling Highlights - Significant gold and silver mineralization was intersected in multiple veins, including the Sinaloa-Elia, Roberta, Santa Teresa, and Coronado veins [3][4] - Notable drill hole intersections include: - ELI25X-1: 3.57 m at 15.93 g/t Au and 1,112 g/t Ag - SIN25X-5: 5.17 m at 7.66 g/t Au and 495 g/t Ag - ELI25X-17: 1.06 m at 23.70 g/t Au and 578 g/t Ag - STE25X-20: 2.53 m at 9.65 g/t Au and 121 g/t Ag - ROT25X-10: 1.52 m at 6.40 g/t Au and 472 g/t Ag - COR25X-2: 2.12 m at 2.59 g/t Au and 327 g/t Ag [3][7][11] Resource Conversion and Expansion - Drilling at the Sinaloa-Elia veins confirmed the presence of mineralization below historically mined areas and successfully converted inferred mineral resources to indicated mineral resources [4][5] - The Roberta vein's expansionary drilling explored untested up-dip mineralization continuity outside current inferred mineral resources [5][6] - The Coronado vein represents a significant new target for gold and silver, with early drilling intersecting high-grade mineralization and remaining open for approximately 1 kilometer to the west [9][11] Company Overview - First Majestic operates four producing underground mines in Mexico, including the San Dimas Silver/Gold Mine, and has a portfolio of development and exploration assets [24]