Galena Exploration Program Continues To Deliver Excellent Grade

Galena Exploration Program Continues To Deliver Excellent Grade

TORONTO – Americas Gold and Silver Corporation announced successful drill results at the Galena Complex. Hole 49-703: 20,147 g/t silver and 5.9% copper (20,842 g/t silver equivalent over 2.1 m. Hole 49-703 is less than 10 meters from the previously announced hole, 49-668, and is within 30 meters of existing mine infrastructure. The Company intends to drill additional holes to delineate the vein and contained grade and is confident that this area can provide high-grade ore to the mill before the end of Q2-2024.

“The Galena Complex exploration program continues to deliver. Hole 49-703 is one of the highest grade holes since the Company commenced the Galena Complex Recapitalization Program in 2019. This hole shows a successful follow-up to the 49-668 high-grade intercept drilled in late 2023,” said, CEO Darren Blasutti. “In addition to the spectacular grade, the hole is near existing infrastructure and in an area without previously known mineralization. This location should enable to Company to exploit this area quickly and generate additional silver production in the near term.”

The Galena Complex has been actively drilling near mine exploration targets with exciting results including an area between the 4600 Level and 4900 Level which was previously a gap in drilling, did not contain a mineral resource, and has since been consistently returning high-grade intercepts of attractive Ag-Cu veins. After the positive results from the drill program located near the 4600 level. The Company prioritized follow-up drilling to the high-grade intercept in Hole 49-668. The Company decided to move a drill to a decommissioned powder magazine on the 4900 level to explore and define this area. Hole 49-703 is the first successful follow up hole in this program and its proximity to the intercept in Hole 49-668 indicates continuity of the vein in this area.