First Majestic Reports Positive Exploration Results at Los Gatos

Core Viewpoint - First Majestic Silver Corp. announced positive exploration results from its drilling programs at the Los Gatos Silver Mine, indicating significant mineralization of silver and base metals, which supports expectations for meaningful growth in Mineral Resources [1][2][3] Exploration Results - The exploration drilling targeted the South-East Deeps, Central Deeps, and North-West Deeps zones, with significant mineralization intersected across all three areas [3][7][11] - Notable drill hole intercepts include: - South-East Deeps: GA-SE-611 reported 9.0 meters at 366 g/t AgEq, including intervals with grades up to 742 g/t AgEq [3][4][16] - Central Deeps: GA-CZ-617 reported 3.7 meters at 534 g/t AgEq, with significant zinc and lead grades [5][16] Company Strategy - The acquisition of Gatos Silver was driven by the exploration potential of the Los Gatos district, and the latest drilling results reinforce this strategic decision [2] - Ongoing drilling aims to expand mineralization and confirm the continuity of the orebody, with future drilling planned to target down-plunge potential [8][11] Technical Details - The drilling programs follow established Quality Assurance/Quality Control protocols, ensuring the reliability of the assay results [20][21] - Significant intervals are calculated using length-weighted averages of uncapped sample assays, with a minimum AgEq grade of 140 g/t [19] Future Outlook - The company plans to continue its exploration efforts throughout 2025, with a focus on refining areas of interest and confirming mineralization controls in the Central and North-West Deeps zones [11][12]