Denarius Metals Reports High-Grade Gold and Silver at Zancudo Project

The campaign, which began in late April, aims to delineate mineralized zones through a 6,000-meter diamond drilling program. Recent assays from hole ZM-197 returned 8.36 g/t gold and 1,670 g/t silver over one meter, including a high-grade sub-interval reaching 27.83 g/t gold and 5,564 g/t silver. Similarly, hole ZM-195 intercepted 7.43 g/t gold and 15 g/t silver over 1.2 meters, reinforcing the structural consistency of the site.

Executive Chairman Serafino Iacono noted that these results strengthen the company's confidence in the quality of the Zancudo deposits. The ongoing drilling is designed to support resource modeling and optimize production stope design as the company prepares to commission a new 1,000-tonne-per-day flotation processing plant later this year. The current phase utilizes 50x50 meter drill centers to map out ore-shoots along the main fault systems, with further data expected throughout the remainder of the 2026 campaign.