Silver Wolf Reports Anomalous CRD Mineralization from Drilling at the Ana Maria Project
SWLF: TSX.V
Silver Wolf Exploration Ltd. T (604) 682 3701
Suite 900-570 Granville Street F (604) 682 3600
Vancouver, BC V6C 3P1 www.silverwolfexploration.com
February 18, 2025
SILVER WOLF REPORTS ANOMALOUS CRD MINERALIZATION
FROM DRILLING AT THE ANA MARIA PROJECT
Silver Wolf Exploration Ltd. (TSX.V:SWLF ; OTCQB:SWLFF) (“Silver Wolf” or the “Company”) is pleased to
announce the results of its inaugural drill program on the El Soldado Claim at the Ana Maria Project.
The drill program commenced in late 2024 with the objective of testing the continuity of the carbonate
replacement deposits (CRD) breccia structures where significant Silver, Lead, and Zinc (Ag-Pb-Zn) were observed
on the NE-SW and NW-SW trending structures (reported on August 9, 2022 which can be viewed here ), such as
encountered in the El Jabali and La Cross historical mining adits (Figure 1 and Figure 2 shown below).
A total of 17 holes and 2,560 meters were drilled with 1,234 drill core samples analyzed.
Exploration highlights include:
At El Soldado
• Discovered extensive CRD-type hydrothermal mineralization and dolomitization underlying historical
Silver, Lead, and Zinc (Ag-Pb-Zn) workings at El Soldado to a depth of over 150-200 meter and is open to
depth.
• Identified several significant subvertical chimney breccias and flat -laying mant os with anomalous
intercepts of Ag -Pb-Zn. ES-24-005 returned v alues of 4.85% Zn and 0.47% Pb over 1m and ES -24-012
returned 2.23% Zn along with 52 g/t Ag and 0.43% Pb over 0.85m.
• Confirmed CRD style mineralization and appears to be similar in setting and features to the historic past
producing Ojuela Ag mine just north of the Sarnoso intrusive complex.
At La Recompensa
• A 3D inversion of magnetic data has now been completed to support delineation of the shape and location
of the intrusive stock and gold-zinc (Au-Zn) contact skarn mineralization at depth, and targeting for a new
drill campaign on the La Recompensa claim.
“These initial drill results confirm CRD-style mineralization and provide evidence that we may have a mineralized
system similar to the historic Ojuela silver mine” said Peter Latta, President. “The fact that most of the holes cut
large breccia bodies coupled with the anomalous silver, lead and zinc values and elevated pathfinder elements is
very encouraging. Furthermore, our team has developed a proven method for mapping and identifying breccia
bodies at surface. The results provide the basis to expand the target areas over other showings and breccia bodies
that are being identified within a mineralized area very similar to the Ojuela setting. In addition, we were able to
advance the understanding of the gold -zinc skarn targets on the central La Recompensa claim to the drill ready
phase.”
News Release
News Release – February 18, 2024
SILVER WOLF REPORTS ANOMALOUS CRD MINERALIZATION FROM DRILLING AT THE ANA MARIA PROJECT
Page 2
This inaugural drill program was successful in identifying significant subvertical breccias (“Chimney” bodies) with
extensive hydrothermal mineralization and dolomitization underlying the historical Silver, Lead, and Zinc (Ag-Pb-
Zn) workings at El Soldado. Anomalous Ag, Pb and Zn values were found in the breccias that were intersected as
well as pathfinder elements typical for CRD mineralization, including Arsenic (As) Antimony (Sb), Manganese (Mn),
Magnesium (Mg) and Barium (Ba). Flat-lying mineralized bodies (“Manto”-style bodies) of the La Hedionda mine
was explored to the depth and the continuation of the manto with anomalous Zn and Pb value, as well as
dolomitization (high Mg values), indicates the continuation of the manto.
All the drill results and collar location details can be viewed here.
Figure 1: Location of the El Soldado Claim, Ana Maria project
News Release – February 18, 2024
SILVER WOLF REPORTS ANOMALOUS CRD MINERALIZATION FROM DRILLING AT THE ANA MARIA PROJECT
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Surface expression of the breccias is subtle, however, notable circular to elongated depressions can be mappe d
on the surface, together with the presence of iron oxides, red jasperoid veining, and dolomitized limestone. The
presence of dolomite associated with breccias and mantos is encouraging as it provides evidence of a
hydrothermal system and is considered the precursor of CRD mineralization. Dolomite usually has a darker color
compared to the light-grey color of the limestone host rock. Base metal mineralization is typically non -sulfide as
the area has undergone significant supergene weathering. Zinc and Pb are interpreted to manifest in the form of
light-colored carbonates and are not clearly distinguishable from common carbonate veining and matrix of the
wide-spread breccias encountered.
These results coupled with general geometry of the intercepted bodies provide compelling evidence for an
analogous geological model of mantos and subvertical chimney breccias as observed at the nearby historic Ojuela
Ag mine (Figure 1). Ojuela is reported to have produced upwards of 160 million o unces1 with high grades of Ag
oxide minerals since the early 1600’s. The mine was extensively developed underground (Figure 3) but production
was stopped not long after the Mexican revolution. La Concha is an operating mine 5 km to the north of Ojuela
(Figure 1) that produces lead, zinc and silver which is believed to be the same style of mineralization.
Figure 2: Magnified Area of the El Soldado Claim showing the diamond drill holes
1 T Moore -2003 Mineralogical Record September-October Voume 34 (Issue number 5)
News Release – February 18, 2024
SILVER WOLF REPORTS ANOMALOUS CRD MINERALIZATION FROM DRILLING AT THE ANA MARIA PROJECT
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Figure 3 – Geometry of the Ojuela Mine mineralized mantos and chimneys compared to the La Cross breccia bodies intercepted at El
Soldado in drill holes ES-24-01, ES-24-03 and ES-24-16
Nine drill holes ES-24-001, ES-24-002, ES-24-003, ES-24-004, ES-24-005, ES-24-007, ES-24-009, ES-24-012, and ES-
24-016 tested the three main structural systems and breccia bodies which are located along the structural
lineament “La Cross – La Hedionda” trending ENE, where the main anomalies of silver, lead and zinc were
intercepted during the drilling of the breccias.
ES-24-016 cut an extensive breccia body underneath the historic La Cross artisanal mine (Figure 3). Samples were
taken across areas with abundant veining of white calcite and crackle breccias with carbonate matrix and
hematite-rich fractures (Figure 4). A lead value of 1.91% over 1 m was encountered in hole ES-24-16 (69.2-70.2m).
Notable assays can be viewed below in Table 1.
Table 1: Geochemical results for select intervals of diamond drillhole ES-24-16
Hole Nr. Sample_ID From To Length Au ppb Ag ppm Zn ppm Pb ppm Cu ppm As ppm Ba ppm Mn ppm Mo ppm Sb ppm Fe wt% Mg wt%
ES-24-016 329065 61 62 1 bd 4 909 2867 20.3 430 16 122 39 53 0.17 0.176
ES-24-016 329066 62 63 1 bd 11 426 1550 30.4 382 7 62 53 41 0.29 0.25
ES-24-016 329067 63 64.5 1.5 bd 7 584 675 17.5 212 10 54 4 33 0.22 0.19
ES-24-016 329068 64.5 65.5 1 bd 3 64 168 2.2 43 8 34 1 10 0.06 0.173
ES-24-016 329069 65.5 67 1.5 bd 4 221 449 7.5 171 9 75 24 50 0.25 0.217
ES-24-016 329070 67 68.2 1.2 bd bd 72 217 0.6 63 13 90 2 14 0.08 0.232
ES-24-016 329071 68.2 69.2 1 bd 5 354 1756 4.5 327 14 175 33 65 0.25 0.162
ES-24-016 329072 69.2 70.2 1 bd 13 704 19100 11.2 1811 397 167 452 166 0.65 0.174
ES-24-016 329073 70.2 71 0.8 5 bd 191 961 1.7 260 12 111 43 35 0.16 0.146
ES-24-016 329074 71 71.75 0.75 bd bd 137 306 1.2 124 8 71 31 21 0.14 0.206
News Release – February 18, 2024
SILVER WOLF REPORTS ANOMALOUS CRD MINERALIZATION FROM DRILLING AT THE ANA MARIA PROJECT
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Figure 4: Brecciated limestone with calcite matrix and fractures filled with iron oxides.
ES-24-007 and ES-24-005 were designed to intercept the continuation of the Hedionda manto body dipping to the
NE. A manto feature with dolomitization was intercepted in both holes at the projected intercept, however
anomalous Zn values were found in hole ES -24-005 at 47m depth. A different mineralized breccia feature was
intercepted in hole ES-25-005 with values of 4.85% Zn and 0.47% Pb over 1m (15.75-16.75m).
ES-24-012 was perhaps the most interesting hole drilled ~200m east of La Cross workings underneath mine
workings interpreted to be the eastern extension of the La Cross breccias. F ragments of jasperoid were found in
the drill core and multiple events of limestone brecciation and intense white calcite veining are observed, as well
as recrystallized limestone with bleaching (Figure 5). The interval 57.9 -63.0m is found in a section of intense
stockwork calcite breccia together with a white coarse- crystalline and banded carbonate vein with Fe -oxides
(Figure 5). This interval (60.8 -61.65m) is also where concentrations of 2.23% Zn along with 52 g/t Ag and 0.43%
Pb over 0.85m were measured. Notable assays can be viewed in Table 2.
Table 2: Geochemical results for select intervals of diamond drillhole ES-24-12
Hole Nr. Sample_ID From To Length Au ppb Ag ppm Zn ppm Pb ppm Cu ppm As ppm Ba ppm Mn ppm Mo ppm Sb ppm Fe wt% Mg wt%
ES-24-012 328910 55.5 56.5 1 bd bd 53 105 3.2 74 7 37 1 11 0.07 0.185
ES-24-012 328911 56.5 57 0.5 bd 2 127 505 10.5 38 11 46 4 11 0.06 0.162
ES-24-012 328912 57 57.9 0.9 bd 5 156 345 13.2 46 8 56 bd 13 0.08 0.161
ES-24-012 328914 57.9 59 1.1 bd 5 1629 1772 34.7 310 27 99 13 75 0.31 0.14
ES-24-012 328915 59 60 1 bd 5 2074 1311 17.7 174 28 60 6 30 0.19 0.157
ES-24-012 328916 60 60.8 0.8 6 7 1042 2135 14.5 276 26 113 18 33 0.14 0.147
ES-24-012 328917 60.8 61.65 0.85 8 52 22300 4338 80.5 1054 110 159 29 132 0.64 0.086
ES-24-012 328918 61.65 63 1.35 bd 10 1668 2650 41.9 159 859 73 2 19 0.17 0.096
ES-24-012 328919 63 63.95 0.95 5 3 1536 3286 35.4 71 103 66 bd 16 0.1 0.101
ES-24-012 328920 63.95 65.3 1.35 6 2 272 315 18.5 62 12 97 1 26 0.1 0.162
ES-24-012 328921 65.3 66.5 1.2 bd 5 183 394 6.7 82 12 56 2 16 0.12 0.162
ES-24-012 328922 66.5 67.5 1 6 3 119 314 5.7 99 8 48 2 33 0.17 0.175
ES-24-012 328923 67.5 68.5 1 bd bd 125 204 4.7 68 5 27 3 18 0.09 0.21
News Release – February 18, 2024
SILVER WOLF REPORTS ANOMALOUS CRD MINERALIZATION FROM DRILLING AT THE ANA MARIA PROJECT
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Figure 5 Strong brecciation, calcite recrystallisation and carbonate veining with reddish iron-oxides.
ES-24-006, ES -24-008 and ES -24-017, tested a circular depression that had been detected and mapped as
dissolution breccia structure. A significant breccia was intercepted which is interpreted as subvertical structures.
A number of anomalous Pb and Zn values were registered in the breccia, but dolomitization was limited to a small
section of the breccia.
ES-24-010, ES-24-011, ES-24-013, and ES-24-015 tested the Jabali workings. Brecciation was developed in a limited
number of breccia intercepts with occasional anomalous values of Zn, Pb and pathfinder elements and limited
dolomitization. Drillhole ES-24-014 tested the Corazones workings and intercepting the subvertical extension of
the surface working at about 45m depth with anomalous Pb values.
La Recompensa Claim Exploration
The La Recompensa Claim is the central claim on the Ana Maria property and the location of the intersection
between the El Sarnoso intrusive complex and the limestones sequences. Surface sampling results yielded very
positive results for gold and zinc hosted in skarn bodies found at the contact of the intrusion (that press release
can be viewed here ). In 2021, a magnetic and radiometric airborne survey was conducted over the Ana Maria
project (that press release can be viewed here) . A 3D inversion of magnetic data has now bee n completed to
support delineation of the shape and location of the intrusive stock at depth. This information will help with
targeting for a new drill campaign on th e La Recompensa Claim. Skarn mineralization crop s out over the entire
surface boundary and is expected to continue at depth, following the contact of the intrusion. Furthermore, Silver
Wolf has obtained all permits to drill in this area.
Social Responsibility and Community Relations
Before the start of the exploration activities and the El Soldado drill program, all permits were obtained from the
Local Ejido authorities for right of way access. During the drill campaign 12 direct jobs were created for the benefit
News Release – February 18, 2024
SILVER WOLF REPORTS ANOMALOUS CRD MINERALIZATION FROM DRILLING AT THE ANA MARIA PROJECT
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of the local communities to go along with the indirect benefits generated by goods and services for the equipment
and staff on the project.
Safety
Safety is a key focus for all our personnel. Zero safety incidents occurred during the drill campaign.
QA/QC
Silver Wolf follows industry standard procedures for diamond core drilling and sample analysis. Silver Wolf
employees processed the HQ-diameter drill core, and logged, photographed, and split the core by diamond rock
saw. One half of the core was then sampled and bagged for geochemical analysis and the other half of the core
safely stored in core boxes. Sample intervals were generally 0.5-1.5 m, the samples were collected in sealed plastic
bags with uniquely numbered tags and transported from site directly to SGS laboratory in Durango, Mexico. SGS
carried out sample preparation and analysis. Pulps were four-acid digested and ICP-EOS analyzed for Ag, Zn, Pn,
Cu and 27 other elements using method code GE_ICP40Q12. Gold in samples were analyzed by fire assay using
30g splits with AAS finish (SGS method code GE_FAA30V5 ). SGS was instructed to apply appropriate o verlimits
methods for Ag, Zn, and Pb. Results above 100 ppm Ag were analyzed by fire assay with 30g splits and gravimetric
finish (SGS Method Code GO_FAG37V), and Zn and Pb using overlimit method GO_ICP90Q10. The quality of
preparation and analyses were monitored by control samples (Certified reference materials, blanks, and
duplicates) that were inserted by the Silver Wolf team systematically into the drill core sampling series to monitor
lab performance.
Qualified Person
Dr. Honza Catchpole P. Geo., an Independent Director of Silver Wolf Exploration, is a “qualified person” as defined
by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and has approved the
scientific and technical disclosure in this news release.
About Silver Wolf
Silver Wolf is an exploration company focused on exploring high potential projects in prime silver and gold regions
of Mexico including the Ana Maria and El Laberinto properties. The Ana Maria claims are located 21 kilometres
(km) northwest of the City of Gómez Palacio and the adjacent City of Torreón. The property consists of 9 mining
concessions encompassing 2,549 hectares (ha). The claims are located in a well -known area that is prolific for
carbonate replacement deposits (CRDs) in the vicinity of many active or historic mining operations. The Company
has operational synergies with Avino Silver & Gold Mines Ltd. and shares many years of combined experience in
exploration, development and production. In addition, Silver Wolf has an experienced geological field team who
have worked on similar projects with a demonstrated understanding of the jurisdiction and local communities.
For further information please contact Silver Wolf Exploration Ltd. at ph. (604) 682 -3701 or visit our website at
www.silverwolfexploration.com.
Connect with us on X (formerly Twitter) @SWLFexploration and on LinkedIn at Silver Wolf Exploration Ltd.
ON BEHALF OF THE BOARD
"Peter Latta"
_________________________________
Peter Latta
President
News Release – February 18, 2024
SILVER WOLF REPORTS ANOMALOUS CRD MINERALIZATION FROM DRILLING AT THE ANA MARIA PROJECT
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Cautionary Note
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-
looking statements relate to information that is based on numerous assumptions and involve known and unknown risks, uncertainties and
other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performan ce, or
achievements of the Company to be materially different from any projected future results, performance, or achi evements expressed or
implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political
and social uncertainties; delay or failure to receive board, shareholder or regulatory approv als; and the uncertainties surrounding the
mineral exploration industry. Such information contained herein represents management’s best judgment as of the date hereof based on
information currently available. The Company does not assume an obligation to up date any forward-looking statement. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) a ccepts
responsibility for the adequacy or accuracy of this news release.
Neither the 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 news release.