Zacatecas Silver Announces Closing of Over-Subscribed Financing and Outlines Path Forward

Core Viewpoint - Zacatecas Silver Corp. has successfully closed an over-subscribed private placement financing, raising C$3.75 million to advance its exploration activities in Mexico's silver and gold portfolio [1][3]. Financing Details - The financing involved the issuance of 62,500,000 units at a price of $0.06 per unit, with total gross proceeds amounting to C$3.75 million, up from an initial target of C$2.5 million [1][3]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.10 per share for two years [3]. - Insiders subscribed for 1,000,000 units for $60,000, qualifying as a related party transaction but expected to be exempt from formal valuation requirements [6]. Exploration Strategy - The company is preparing a 4,000-metre drill program targeting the El Cristo and Panuco vein systems, which are considered high-priority [8][9]. - At El Cristo, drilling will explore a large vein system linked to the historic Veta Grande, which produced over 200 million ounces of silver [9]. - The Panuco vein system has a resource estimate of 20.5 million ounces AgEq, with follow-up drilling planned on strong high-grade intercepts [10]. Community Engagement and Project Readiness - The company is working on community engagement agreements and environmental services to support drilling activities, with roadwork and drill pad construction already completed [11]. - Final contractor mobilization for drilling is scheduled for late Q4 2025 [11]. Project Overview - Zacatecas Silver Corp. holds two key projects: the Zacatecas Silver Project and the Esperanza Gold Project, both located in Mexico [13]. - The Zacatecas Silver Project is situated in the Fresnillo silver belt, which has produced over 6.2 billion ounces of silver, and the company holds 7,826 hectares of prospective ground [14]. - The Esperanza Gold Project is characterized as a low-cost, low-capital-intensity project with significant scalability potential [16].