First Majestic Announces Results of the 2025 Drilling Program at Jerritt Canyon Gold Mine

Core Viewpoint - First Majestic Silver Corp. has announced successful results from its 2025 exploration program at the Jerritt Canyon Gold Mine, indicating potential for expanding gold Mineral Resources through both open-pit and underground mining methods [1][2]. Exploration Highlights - The 2025 drilling campaign at Jerritt Canyon totaled approximately 18,300 meters across 57 drill holes, focusing on new gold mineralized zones beneath non-favorable cover rocks and assessing known mineralization continuity [3][4]. - Significant underground intercepts were defined by a minimum length of 4.6 meters and a gold cut-off grade of 1.13 g/t, while significant open-pit intercepts required at least 9.1 meters and a 0.43 g/t Au cut-off grade [4]. Key Drilling Results - Notable drill hole intercepts include: - MA-25-017 (Mahala/Javelin): 24.4 meters at 3.43 g/t Au [5] - MA-25-008 (Mahala/Javelin): 7.6 meters at 9.43 g/t Au [5] - SC-25-003 (Saval): 51.8 meters at 1.48 g/t Au [5] - The results indicate significant potential for both underground and open-pit mining methods across the district [4][5]. Target Areas - The Mahala and Javelin targets are identified as having significant expansion potential, with geological continuity modeled between them. Previous drilling at Javelin yielded intercepts of 8.76 g/t Au over 15.2 meters [7]. - The Saval area, characterized by Carlin-style mineralization, has been targeted for near-surface mineralization evaluation, with drill hole SC-25-003 intersecting 51.8 meters at 1.48 g/t Au [18]. Company Overview - First Majestic Silver Corp. is focused on silver and gold production in Mexico and the United States, operating four producing underground mines in Mexico and holding a portfolio of development and exploration assets, including the Jerritt Canyon Gold Mine [29].