Exploration Drilling Intersects 983 g/t over 3.4m at Galena, Driving Growth of Potential New Mining Zone in High-Grade 034 Vein & Tara Hassan Appointed To Board of Directors
Exploration Drilling Intersects 983 g/t over 3.4m at Galena, Driving Growth
of Potential New Mining Zone in High-Grade 034 Vein & Tara Hassan
Appointed To Board of Directors
April 2 2, 2025 – Toronto, ON – Americas Gold and Silver Corporation (TSX: USA, NYSE American: USAS)
(“Americas” or the “Company”) is pleased to announce strong exploration results at the Galena Complex and the
significant growth of the recently discovered high -grade 034 Vein. Americas is also pleased to announce the
appointment of Tara Hassan to its Board of Directors.
Paul Huet, Chairman & CEO of Americas, commented: "The recent discovery of the high-grade 034 Vein is a strong
example of the continued prospectivity within our Galena mine Complex. The 034 Vein has continued to grow in
both strike and depth with ongoing drilling efforts outlining a high -grade silver, copper and antimony zone. The
Vein, which remains open, has thus far has been drilled off along a 90 metre strike length over a 100-metre vertical
extent. The successful drilling campaign has outlined a zone that offers near-term mining potential and a boost to
robust grades in silver -copper zones already being mined. This discovery aligns perfectly with our strategic focus
on increasing production using targeted exploration drilling to support our efforts in improving productivities and
materials handling capacity throughout the mine.
We are also delighted to welcome Tara Hassan to our Board of Directors and look forward to her contributions to
the Company. Tara is well recognized for her success and is an experienced leader in the mining industry. With our
focus on scaling production and reducing costs at our mining operations while increasing our market presence,
Tara's insights and experience will provide valuable guidance as we work to grow the business to create shareholder
value.
I am also encouraged by our ra pid progress in upgrading our mining fleet to improve material movement
underground. A delivery of two 20T trucks and three new LHDs (two 4yd and one 2yd), one of several planned
equipment upgrades this year, has arrived at site in Galena. The mobile equipment is currently being disassembled
to be taken down our No. 3 shaft ahead of being reassembled to head to our mining fronts. This is a big step forward
for Galena and our strategy to improve efficiencies, reduce costs and boost tonnes mined underground."
New 034 Vein Drilling at Galena Complex Highlighted by Intersection of 983 g/t Silver
Over 3.44 Metres
Recent exploration diamond drilling from the 5200 Level of the Galena Mine has defined a new silver-copper vein
adjacent to existing infrastructure, presenting a near -term mining opportunity for Galena. The 034 Vein was
initially crosscut and drifted on from the 5200 Level. An exploration drill plan was designed, and 23 additional
diamond drill holes ("DDH") were drilled to complete latest phase of the program (two holes still being logged and
assayed). The drill campaign has yielded significant high -grade intercepts, including a highlight of 983 g/t silver
over 3.44 metres (hole DDH 52-583, true width), demonstrating the potential of the 034 Vein. Key intercepts from
the campaign, reported with true widths, are listed below:
• DDH 52-529: 1,624 g/t Ag and 1.23% Cu over 0.53 m
• DDH 52-532: 1,171 g/t Ag and 0.80% Cu over 1.46 m
• DDH 52-583: 983 g/t Ag and 0.74% Cu over 3.44 m
• DDH 52-531: 734 g/t Ag and 0.90% Cu over 0.87 m
• DDH 52-587: 539 g/t Ag and 1.07% Cu over 1.69 m
• DDH 52-534: 466 g/t Ag and 0.49% Cu over 0.47 m
• DDH 52-584: 354 g/t Ag and 0.43% Cu over 2.15 m
Based on the information to date, including 40 drill intercepts, the 034 Vein has a strike of over 90 metres with
potential economic continuity from above the 5200 Level to the 5500 Level, representing a vertical extent of 100
metres. Importantly, the 034 Vein remains open both up-dip and at depth.
Preliminary estimates indicate an overall exploration target of 100-120k tonnes at 311-467 g/t silver and 0.31-
0.40% copper, for a total of 1.2-1.5M silver ounces and 750-800k copper pounds. Additional mineralization is seen
in both the hanging wall and footwall of the 034 Vein. These ranges are based on over 23 recent holes drilled into
the 034 Vein which have contributed to the modelling of the Vein and its potential volume. Utilizing the reported
assay results as well as extensive geological knowledge of the Galena Complex and its silver-copper veins have
enabled the estimation of the grade range stated above.
The potential quantity and grade of the exploration target are conceptual in nature and, as such, there has been
insufficient exploration drilling conducted to define a Mineral Resource. At this stage it is uncertain if further
exploration drilling will result in the exploration target being delineated as a Mineral Resource.
The 034 Vein is crossed by current development on the 5200 and 5500 Levels (see Figure 1 below) and presents
multiple mining opportunities that are in the process of being evaluated for addition to the 2025 mine plan.
Figure 1: Long section view of the 034 Vein in relation to the No. 3 and Galena Shafts
Figure 2: Unconstrained block model long section along the 034 Vein showing drill hole intersections
A full table of drill results can be found at:
https://americas-gold.com/site/assets/files/4297/dr20250422.pdf
Coeur Mine Exploration Drilling
The drilling contract to infill existing wide-spaced drilling at the Coeur Mine has been awarded. Drilling is scheduled
to begin in early May, targeting three veins below the 3400 Level. The Coeur Mine, developed down to the 3700
Level, has seen limited mi ning despite wide -spaced drilling that has intersected significant silver and copper
mineralization in veins 356, 400, and 425. The four primary copper-silver veins at the Coeur Mine remain open at
depth, highlighting the potential for future resource growth. Key historical intercepts, reported with true widths,
include:
• DDH C034-113 (Vein 400): 4,131 g/t Ag and 5.0% Cu over 0.32 m
• DDH C037-039 (Vein 356): 1,982 g/t Ag and 3.2% Cu over 1.37 m
• DDH C034-090 (Vein 425): 1,179 g/t Ag and 0.9% Cu over 1.18 m
• DDH C034-127 (Vein 425): 1,001 g/t Ag and 1.1% Cu over 0.73 m
• DDH C034-130 (Vein 400): 993 g/t Ag and 1.1% Cu over 1.2 m
• DDH C034-117 (Vein 400): 903 g/t Ag and 1.0% Cu over 2.54 m
• DDH C037-038 (Vein 356): 587 g/t Ag and 1.1% Cu over 1.23 m
• DDH C034-095 (Vein 425): 534 g/t Ag and 0.7% Cu over 1.47 m
• DDH C034-114 (Vein 400): 512 g/t Ag and 0.5% Cu over 2.96 m
• DDH C037-040 (Vein 356): 487 g/t Ag and 1.0% Cu over 1.96 m
Board of Directors Strengthened with Appointment of Tara Hassan
Americas has strengthened its Board of Directors with the appointment of Tara Hassan. Ms. Hassan brings 20 years
of mining industry and capital markets experience in corporate and operational leadership and equity analysis.
Ms. Hassan has served as a director of Orezone Gold since 2024. Previously, she served as Senior Vice President,
Corporate Development for SilverCrest Metals (2020 -2025) where she played a leading role in the mine financing
and the US$1.5 billion sale of the company to Coeur Mining Inc. Ms. Hassan was also Vice Chair of the Association
for Mineral Exploration (AME) from 2018 to 2024 and a director of Maverix Metals from 2020 to 2023. Ms. Hassan
was also a highly ranked precious metals equity research analy st for over 13 years at a number of prominent
Canadian investment dealers. Ms. Hassan began her career as mining engineer with Inco Limited and Placer Dome
where she gained extensive experience in a wide variety of underground and open pit mining operation s. Ms.
Hassan is a Professional Engineer (Ontario) and holds a Bachelor of Science degree in Mining Engineering from
Queen’s University in Kingston, Ontario.
About Americas Gold and Silver Corporation
Americas is a growing precious metals mining company with multiple assets in North America. The Company owns
and operates the Cosalá Operations in Sinaloa, Mexico. In December 2024, the Company acquired 100% ownership
in the Galena Complex (located in Idaho, USA) in a transaction with affiliates of Mr. Eric Sprott and a Paul Huet-led
management team, further strengthening its position as a leading silver producer. Sprott is now the Company's
largest shareholder, holding a ~20% interest. With these strategic ally positioned assets, Americas is focused on
becoming one of the top North American silver -focused producers with an objective of over 80% of its revenue
generated from silver by the end of 2025.
For further information, please contact:
Maxim Kouxenko - Manager, Investor Relations
M: +1(647) 888-6458
W: americas-gold.com
Technical Information and Qualified Persons
The scientific and technical information relating to the operation of the Company’s material operating mining
properties contained herein has been reviewed and approved by Rick Streiff, Certified Professional Geologist
(CPG#11108), EVP, Geology of the Company. The Company’s current Annual Information Form and the NI 43-101
Technical Reports for its other material mineral properties, all of which are available on SEDAR at www.sedar.com,
and EDGAR at www.sec.gov, contain further details regarding mineral reserve and mineral resource estimates,
classification and reporting parameters, key assumptions and associated risks for each of the Company’s material
mineral properties, including a breakdown by category.
The diamond drilling program used NQ-size core and BQ-size core. The Company’s standard QA/QC practices were
utilized to ensure the integrity of the core and sample preparation at the Galena Complex through delivery of the
samples to the assay lab. The dri ll core was stored in a secure facility, photographed, logged and sampled based
on lithologic and mineralogical interpretations. Standards of certified reference materials, field duplicates and
blanks were inserted as samples shipped with the core samples to the lab.
Analytical work was carried out by American Analytical Services Inc. (“AAS”) located in Osburn, Idaho. AAS is an
independent, ISO-17025 accredited laboratory. Sample preparation includes a 30 -gram pulp sample analyzed by
atomic absorption spectrometry (“AA”) techniques to determine silver, copper, and lead, using aqua regia for pulp
digestion. Samples returning values over 514 g/t Ag are re -assayed using fire -assay techniques for silver.
Additionally, samples returning values over 23% Pb are re-assayed using titration techniques.
Duplicate pulp samples were sent out quarterly to ALS Global, an independent, ISO -17025 accredited laboratory
based in Reno, Nevada to perform an independent check analysis. A conventional AA technique was used for the
analysis of silver, copper and lead a t ALS Global with the same industry standard procedures as those used by
AAS. The assay results listed in this report did not show any significant contamination during sample preparation
or sample bias of analysis.
All mining terms used herein have the meanings set forth in National Instrument 43-101 – Standards of Disclosure
for Mineral Projects (“NI 43 -101”), as required by Canadian securities regulatory authorities. These standards
differ from the requirements of the SEC that are applicable to domestic United States reporting companies. Any
mineral reserves and mineral resources reported by the Company in accordance with NI 43 -101 may not qualify
as such under SEC standards. Accordingly, information contained in t his news release may not be comparable to
similar information made public by companies subject to the SEC’s reporting and disclosure requirements.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward -looking information” within the meaning of applicable securities laws.
Forward-looking information includes, but is not limited to, Americas’ expectations, intentions, plans,
assumptions, and beliefs with respect to, among other things, the potential incorporation of the 034 Vein into the
2025 mine plan at the Galena Complex, the estimated resource size and continuity of the 034 Vein, the anticipated
timing and results of ongoing and planned exploration drilling at the Ga lena Complex and Coeur mine, planned
equipment upgrades, and the expected contributions of Tara Hassan to the Company’s Board of Directors.
Guidance and outlook references contained in this press release, if any, were prepared based on current mine plan
assumptions with respect to exploration, development, and production, the metal price assumptions disclosed
herein, and are subject to the risks and uncertainties outlined below. Often, but not always, forward -looking
information can be identified by forward -looking words such as “anticipate,” “believe,” “expect,” “goal,” “plan,”
“intend,” “potential,” “estimate,” “may,” “assume,” and “will” or similar words suggesting future outcomes, or
other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or
performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such
information is provid ed and is subject to known and unknown risks, uncertainties, and other factors that may
cause the actual results, level of activity, performance, or achievements of Americas to be materially different from
those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not
limited to: interpretations or reinterpretations of geologic information; unfavorable exploration results; inability
to obtain permits required for future exploration, development, or production; general economic conditions and
conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential
litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable
terms or at all; risks associated with the mining industry generally, such as economic factors (including future
commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment,
processes, and transportation services to operate as anticipated, environmental risks, government regulation,
actual results of current exploration and production activities, possible variations in grade or r ecovery rates,
permitting timelines, capital expenditures, reclamation activities, labor relations ; and risks related to changing
global economic conditions and market volatility. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward -looking information,
there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are
cautioned not to place undue reliance on such information. Additional information regarding the factors that may
cause actual results to differ materially from this forward-looking information is available in Americas’ filings with
the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation
to update publicly or otherwise revise any forward -looking information whether as a result of new information,
future events, or other such factors which affect this information, except as required by law. Americas does not
give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof.
All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their
entirety by the cautionary statements above.