Masivo Further Extends Drilling Depth on Second Hole at Boston Mine
Masivo Further Extends Drilling Depth on Second Hole at Boston
Mine
Vancouver, British Columbia, June 18, 2024 - Masivo Silver Corp. (“Masivo” or the
“Company”) (TSXV: MASS) (OTC:GNYPF) is pleased to announce that it has further extended the
drilling depth at hole #2 at the Boston Mine high-grade gold, silver and copper project in “Elko County” in
the State of Nevada.
On June 5, Masivo announced a 150-foot depth drilling extension for hole #2. The Company’s technical
team further advises drilling an additional 50 feet extension as mineralization is still very visible in the drill
core.
“We are extremely happy that drill core keeps showing us visible mineralization and per our new
discussions with our technical team in hole number 2, our best option is to have extended drilling of an
additional 50 feet on this hole”, commented David Coburn, President & CEO.
Nevada Drill Program Highlights:
The Boston Mine area drilling program will be comprised of 8 holes totaling approximately 1,000 meters
to test the main mineralized zones, as well as historical Induced Polarization (IP) anomalies.
• Boston Mine patent – 4 holes will test historic mineralization including the pre-World War II high-
grade producing area. An additional report stated that there was a six-inch vein at this same depth
that assayed 10,885 g/t Ag (i.e. more than 1%). These reports are not compliant with NI 43-101
reporting standards and all numbers quoted should be considered as historic.
• IP anomalies - At least four holes are planned to test historical IP anomalies that are interpreted to
reflect sulfide mineralization that is part of the skarn geology. Based upon the results, a decision
will be made as to expanding the IP survey over the rest of the property.
Furthermore, the Company has engaged Senergy Communications Capital Inc. to provide investor relations
and online communications services. Senergy's services will include social media advertising, content
creation, strategic messaging, and investor communications. Based in Vancouver, B.C., Senergy is a
communications and advertising company specializing in helping public companies attract new investors
and maintain relationships with shareholders through online strategies. Senergy is equipped to execute and
deliver effective investor relations and marketing services for public companies. Senergy has been retained
for an initial term of four months, commencing June 25, 2024. In consideration of these services, Masivo
Silver Corp. will pay Senergy a fee of $38,000 plus GST for the entire campaign duration. Senergy and its
principal and Chief Executive Officer, Aleem Fidai, are independent of the company. Aleem Fidai owns
75,000 shares of Masivo Silver Corp. and holds 75,000 stock options. Neither Senergy nor any of its
principals or affiliates holds any other direct or indirect interest in the company. The agreement with
Senergy is subject to TSXV approval.
In addition, the Company announces that subject to TSX Venture Exchange approval, it will grant 250,000
incentive stock options to various Directors, Officers and Advisors.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada.
Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the
State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing
up to 300 tons of ore per day. Additional information on Masivo’s current operations is available on the
Company’s website at www.masivosilver.com or email [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations,
estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with
respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and
phrases are intended to identify forward-looking information. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity,
performance, or achievements to be materially different from those expressed or implied by such forward looking
information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.