Drilling Now at Filo Sur Project

Core Insights - Mogotes Metals Inc. has commenced drilling on priority targets at the Filo Sur project, located south of the BHP/Lundin Filo Del Sol Cu-Au-Ag resource [1][10] - The drilling focuses on high-priority targets for Porphyry Copper and High Sulfidation Epithermal gold-silver mineralization, starting with Stockwork Hills and Cruz del Sur in Argentina [1][3] Company Developments - The first diamond drill rig is operational at Stockwork Hills, which is considered an attractive target for higher-grade stockwork Cu-Au-Ag-Mo mineralization [3][5] - Drilling will continue to other priority targets as the season progresses, with access works and platform construction already underway [3][5] Geological Insights - The drill target at Stockwork Hills starts at approximately 350 meters below the surface, with a geophysical footprint of about 600m x 200m [7][8] - The area exhibits a compelling geophysical signature, including high chargeability in IP surveys and magnetic anomalies [7][8] - Trenching results from Stockwork Hills have shown promising Cu-Au mineralization, with assays indicating significant copper and gold concentrations [8][10] Exploration Strategy - The company is advancing access and permitting for priority targets identified in Chile, which were highlighted at the end of the previous exploration season [3][10] - The exploration program aims to assess the potential for resource expansion and to build shareholder value through successful drilling outcomes [10][20]