Masivo Silver Begins Phase I Drilling on High-Grade Silver and Gold Property in Nevada
Masivo Silver Begins Phase I Drilling on High-Grade Silver and
Gold Property in Nevada
Vancouver, British Columbia, November 2, 2022 - Masivo Silver Corp. (“Masivo” or the
“Company”) (TSXV: MASS)(OTC:GNYPF) is pleased to announce that it has commenced drilling at its
High-Grade Silver and Gold property in “Elko County” in the State of Nevada.
Program Highlights
Ten holes totaling approximately 1,200 meters have been proposed to test the main mineralized zones at
the Project’s Boston Mine patent and Montgomery Tunnel, as well as historical Induced Polarization (IP)
anomalies.
• Boston Mine patent – 4 holes will test historic mineralization including reported historic ore in the
mine shaft at a depth of 90 feet grading 2,880 grams per tonne silver (g/t Ag), 25.7 g/t gold (Au)
and 3.2% copper (Cu). An additional report stated that there was a six-inch vein at this same depth
that assayed 10,885 g/t Ag (ie: more than 1%). These reports are not compliant with NI 43-101
reporting standards and all numbers quoted should be considered as historic.
• Montgomery Tunnel – three (3) holes will be drilled under and adjacent to the Montgomery Tun-
nel, where numerous high grade surface samples with abundant visible gold (VG) have been col-
lected. Channel samples taken by Masivo personnel have returned 29.5 g/t Au and 169 g/t Ag over
3 feet and 3.3 g/t Au, 89.8 g/t Ag and 3.1% Cu over 10 feet.
• IP anomalies - At least three 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.
Brian Brewer, the Qualified Person for Masivo, stated, “We are very pleased to take another step in our
exploration of the past producing Boston and Montgomery Mines project. Our drill program, using modern
day technologies, will focus on testing historic data which includes high grade showings of gold, silver and
copper. We look forward to updating the market with our results and continued exploration as we move
forward.
Qualified Person
Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada,
and has approved this news release.
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 Nevada projects are located in the highly prolific mining district of Elko
County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, in-
cluding the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration,
development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically
located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill,
located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional infor-
mation on Masivo’s current operations and vision, is available on the Company’s website at www.ma-
sivosilver.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.