Vicuña: Compelling New Geophysical Target on Trend with Filo Del Sol
Mogotes Metals Inc
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NEWS RELEASE
Vicuña: Compelling New Geophysical Target on Trend with Filo Del Sol
May 12th 2025 - Mogotes Metals Inc . (TSXV: MOG, FSE:OY4, OTCQB: MOGMF ) (“Mogotes”, or the “Company”)
Announces that the first line of 2025 geophysical survey has outlined a large-scale, near surface geophysical anomaly
located on trend, 2.8 km South of the Filo Del Sol Copper – Gold – Silver resource1 owned by Lundin Mining and BHP.
The geophysical anomaly coincides with previously announced surface expression of mineralization at the Los
Mogotes copper in rock chip and alteration anomaly (see TSXV:MOG 7th May 2025 news release) and combined define
a compelling drill target for porphyry and High Sulfidation (HS) copper-gold-silver mineralization.
Readers are cautioned that information regarding the geology, mineralization, mineral resources, and production
history on adjacent or similar properties is not necessarily indicative of the mineralization on Company ’s properties.
Geophysical surveys are not definitive and do not carry any guarantee of a mineral discovery.
CEO Allen Sabet commented:
“This geophysical anomaly is looking like it might be a new porphyry and epithermal centre right on the Filo trend.
This is exactly what we were hoping to find here - a near-surface strong geophysical response that is directly beneath
our Los Mogotes copper rock chip anomalies.
Our technical team is very encouraged to have seen such a strong anomaly on the first line of our geophysical survey
right next door to the very large Lundin-BHP resource that was announced this week!
We will be sharing more geophysical and rock chip results from this program as they come to hand in the coming
weeks.”
New Los Mogotes MT / IP Geophysical Anomaly
1. Located on the highly prolific Copper-Gold-Silver Mineral belt that has produced Filo Del Sol (FDS) ,
Lunahuasi and Los Helados Discoveries (Figure 1 and 2). Los Mogotes geophysical anomaly is located
directly on trend 2.8 km South of the limit of the FDS resource that remains open1 and undrilled toward the
Mogotes Claims.
2. Compelling geophysical anomaly at relatively shallow depths for drill testing (Figure 3a to c ): Initial
processing results show the top of the MT anomaly at <100 to 10 Ohm.m is located at depths of between
180m to 400m below surface.
3. Large anomaly footprint suggested: Line L2 shows the MT anomaly <100 ohm.m to be 800m wide at along
the length of the line and the encompassing chargeability anomaly, probably representing the pyrite halo, to
be 1.7 km wide. Further data from the additional survey lines and VIP/MT will be needed to define the overall
dimensions of the anomaly, however L2 has demonstrated the presence of a large scale strongly MT and IP
anomaly surrounded with a large chargeable halo. This pattern is consistent with the geophysical signature
of a concealed porphyry system.
4. Geophysical Anomaly coincident with previously reported Los Mogotes rock chip copper and alteration
anomaly (Figures 4a and b): The geophysical anomaly is located directly underneath the surface copper in
rock chips and zoned alteration system recently announced at the new Los Mogotes prospect (see TSXv:MOG
7th May news release). Combined, the coincidence of geophysics, alteration patterns and geochemistry
anomalies define a compelling target suggesting the potential for a concealed PCD/HSE deposit at relatively
shallow depths at the prospect (Figure 5).
5. More geophysics to come. These results are from the initial processing of the first line (L2), of a 4 line survey
totalling 10.7 line km of Deep IP/MT (DDIP/MT) and additional wide spaced infill Vector IP/MT (VIP/MT) that
define Mogotes 2025 geophysical program focused on the Company’s recently optioned Chile claims. The
Survey was designed to also test the M eseta, Cumbre and new Cuenca targets. Results f rom the initial
processing of the additional geophysics will be reported over the coming weeks. Mogotes has use the
Southern Rock Geophysics proprietary 3D VIP/MT system to survey the Chilean and Argentine sections of
the Filo Sur project in 2023. The application of the sample technology and survey parameters will allow
integrated 3D processing of the 2023 and 2025 surveys to build a 3D model of the whole project for target
selection and prioritising for drill testing.
Next Steps
Receipt and reporting of:
1. Additonal geophysical survey results (MT and DDIP) from Los Mogotes Target cluster
2. The geophysical 3D model for MT and DDIP
3. Assay results from the infill rock chip program at Los Mogotes porphyry target
4. Assay results from the soil grid sampling program at the Meseta target
5. Assay results from the trenching and rock chip sampling program on the Argentine sampling program.
The Company notes that grab samples are selected samples and may not represent true underlying mineralization.
References
1 TSX: LUN. May 4, 2025. News Release, Lundin Mining Announces Initial Mineral Resource at Filo Del Sol
Demonstrating One of the World’s Largest Copper, Gold, and Silver Resources. Lundin Mining
3TSX: FIL. Nov 21, 2024. Filo Drills 1,270m at 0.92% CuEq in Aurora and 529m at 0.97% CuEq in Bonita
4 Perello, et al. Geology of Porphyry Cu -Au and Epithermal Cu-Au-Ag Mineralization at Filo del Sol, Argentina -Chile:
Extreme Telescoping During Andean Uplift . Economic Geology (2023) 118 (6): 1261– 1290.
5 Hedenquist1 and Arribas. Exploration Implications of Multiple Formation Environments of Advanced Argillic Minerals
Economic Geology (2023) v. 117, no. 3, pp. 609–643
About Mogotes Metals Inc.
Mogotes Metals Inc. is a mineral exploration company exploring for copper and gold in the prospective Vicuña district
of Argentina and Chile. Mogotes flagship project, Filo Sur, adjoins the large Filo del Sol Copper-gold-silver discovery,
and is along the same N-S trending belt as the Filo Del Sol – Aurora and NGEx Minerals Lunahuasi and Los Helados
copper-gold deposits.
For further information, please contact:
Mogotes Metals Inc.
Allen Sabet, President and Chief Executive Officer
Phone: (647) 846-3313
Email: [email protected]
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Additional Information
The information contained in this news release was accurate at the time of dissemination, but may be superseded by
subsequent news release(s). The Company is under no obligation, nor does it intend to update or revise the forward-
looking information, whether as a result of new information, future events or otherwise.
Qualified Persons
The scientific and technical disclosure for the Filo Sur project included in this news release have been reviewed and
approved by Stephen Nano who is the Qualified Person as defined by NI 43-101. Mr. Nano is a Director and Technical
Advisor for the Company.
Mogotes applies industry standard exploration sampling methodologies and techniques. All geochemical soil,
stream, rock and drill samples are collected under the supervision of the company’s geologists in accordance with
industry practice. Geochemical assays are obtained and reported under a quality assurance and quality control
(QA/QC) program. Samples from Argentina are dispatched bagged in raffia bags and packaged for shipment by an
exclusive truck to the ALS laboratory in Mendoza, Argentina. Samples from Chile are dispatched bagged in raffia
bags and delivered to the ALS laboratory in Copiapo, Chile. These facilities carried out sample preparation (PREP-
31B) which includes crush to 70 % less than 2 mm, riffle split off 1kg, pulverize to 85% passing 75 microns. The
prepared samples are sent to the ALS laboratory in Lima, Peru for gold and multi-element analysis. Gold (Au-ICP21)
was analyzed by fire assay fusion with ICP-AES finish on a 30 g sample. Samples were also analyzed for a suit of 48
elements (ME-MS61) with four acid digestion and ICP-MS finish.
Assay results from drill core samples may be higher, lower or similar to results obtained from surface rock, channel,
trench samples due to surficial oxidation and enrichment processes or due to natural geological grade variations in
the primary mineralization.
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements made and information contained herein in the news release constitutes “forward - looking
information” and “forward -looking statements” within the meaning of applicable securities legislation (collectively,
“forward-looking information”). The forward -looking information contained in this news release is based on