First Andes Silver Announces Commencement of 2000-METER Diamond Drilling Program at the Santas Gloria Project, PERU
FIRST ANDES SILVER ANNOUNCES COMMENCEMENT OF 2000-METER DIAMOND DRILLING
PROGRAM AT THE SANTAS GLORIA PROJECT, PERU
Vancouver, British Columbia, June 18, 2025 – FIRST ANDES SILVER LTD. (TSXV: FAS; OTC Markets: MSLVF;
FSE: 9TZ) (the “Company” or “First Andes”) today announced the commencement of its fully permitted
2000-meter (“m”) diamond drilling program at the Company’s 100%-owned Santas Gloria Project (“Santas
Gloria” and the “Project”) located 100 kilometers (“km”) east of Lima, Peru.
Key Point Summary
• Drilling has commenced at the San Jorge Vein (“San Jorge”), targeting higher-grade sulphide zones
at depth, down-dip from the near-surface drilling discovery returned in 2024;
• A total of 11 holes are planned totalling approximately 2015 m from four drill pads, with an
average hole depth of 183 m;
• San Jorge will be tested over roughly 400 m of strike length, down to a target depth of 230 m
vertical;
• The 2000-m program is expected to take approximately five weeks to complete, with the first
batch of assay results expected in four to five weeks;
• Silver prices are continuing to surge amid tight global supply and soaring industrial demand,
making high-grade projects like Santas Gloria prime targets for investment and development
interest.
Colin Smith, CEO and Director of the Company stated: “We are thrilled to launch this 2,000-meter diamond
drilling program at Santas Gloria, which we see as a transformative step in unlocking shareholder value
and defining what could emerge as one of Peru’s next major silver camps. The impressive scale, grade and
continuity of silver, gold, and base metal veins, exposed at surface, within historic workings, and
intersected in our 2024 maiden drill program, continue to reinforce our confidence in the Project’s district-
scale potential. We eagerly anticipate the first batch of assay results, expected within the next four to five
weeks.”
2025 Drill Program
The ongoing drill program builds on the strong results of Santas Gloria’s inaugural 2024 campaign, which
delivered multiple high -grade silver intercepts across several mineralized vein systems. Notably, hole
SG003 targeted the sulphide zone at San Jorge and returned 7.43 metres grading 224 g/t AgEq (193 g/t
Ag, 0.34% Pb, 0.3% Zn, 0.05 g/t Au) from 86.7 metres, including a higher-grade interval of 0.95 metres at
754 g/t AgEq (701 g/t Ag, 1.07% Pb, 0.62% Zn, 0.08 g/t Au) starting at 88.65 metres (refer to news release
dated October 29, 2024).
The 2025 drill program is designed to follow up on these encouraging results by testing strike and depth
extensions of the high-grade San Jorge Vein, where mineralization remains open in all directions (Figure
1, Table 1 and Figure 2). Further details on the 2025 drill program can be found in the Company’s news
releases dated May 23, 2025, and June 9, 2025.
Figure 1: 3D long section of proposed 2025 drill program at San Jorge, and results from 2024 drilling.
Planned Hole Target Easting Northing Elevation (m) Planned Length (m) Dip Azimuth
SJ1_01 San Jorge 344569 8668335 3409.0 200 -70 20
SJ1_02 San Jorge 344569 8668335 3409.0 200 -55 60
SJ1_03 San Jorge 344569 8668335 3409.0 160 -60 335
SJ2_01 San Jorge 344734 8668259 3435.7 250 -57 10
SJ2_02 San Jorge 344734 8668259 3435.7 240 -52 30
SJ3_01 San Jorge 344744 8668327 3448.5 100 -50 10
SJ3_02 San Jorge 344744 8668327 3448.5 120 -50 40
SJ3_03 San Jorge 344744 8668327 3448.5 180 -62 320
SJ4_01 San Jorge 344840 8668339 3461.9 190 -75 10
SJ4_02 San Jorge 344840 8668339 3461.9 180 -63 50
SJ4_03 San Jorge 344840 8668339 3461.9 195 -67 310
Table 1: Proposed 2025 drill program.
Figure 2: Photograph at the first drill site of the 2025 program at the San Jorge Vein, Santas Gloria.
Quality Assurance / Quality Control (“QA/QC”)
The Company follows industry-recognized standards of Best Practice and QA/QC. Samples from 2024 were
submitted to ALS Peru S.A. (ISO 9001:2008) in Lima, Peru in sealed in plastic bags using single use tie-locks,
thereby ensuring chain of custody, for fire assay and ICP analysis. To date, all batches have passed QA/QC
within acceptable tolerance limits. All diamond holes were drilled in PQ -NQ diameter. Core recovery
across all veins exceeded 90%.
Qualified Person
Colin Smith, P.Geo., a Qualified Person under National Instrument 43 -101, has reviewed and approved
the technical information contained in this news release. Mr. Smith is not independent and serves as Chief
Executive Officer and Director of the Company.
About First Andes Silver Ltd.
First Andes Silver Ltd. is a British Columbia company that holds a 100% interest in the high- grade Santas
Gloria silver property, located in a major mining district 100 km east of Lima, Peru. Santas Gloria has
excellent established road access, and is situated within a well-known intermediate sulphidation
epithermal belt, and hosts over 12 km of multiphase veins mapped at surface which had never been
historically drilled or explored by modern techniques before 2024. First Andes’ maiden diamond drill
program last year reported high- grade silver grades on all drilled vein systems confirming silver
endowment and warranting high priority follow-up drilling in 2025.
For more information please contact:
Colin Smith, CEO & Director
Phone: (604) 806-0626
E-mail: [email protected]
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management’s current
estimates, beliefs, intentions and expectations. They are not gu arantees of future performance. The
Company cautions that all forward -looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are beyond the Company’s
control. Such factors include, among other things: risks and uncertainties relating to Company’s limite d
operating history, ability to obtain sufficient financing to carry out its exploration programs and the need
to comply with environmental and governmental regulations. Accordingly, actual and future events,
conditions and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward -looking information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly update or revise forward -looking
information.
The forward-looking statements contained in this news release are made as of the date of this news
release. Except as required by law, the Company disclaims any intention and assumes no obligation to
update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.