Zacatecas Silver: Drilling for Growth in Mexico's Silver Belt

Zacatecas Silver Corp. (ZAC: TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) has announced plans to drill at its silver projects in Zacatecas, Mexico, aiming to expand its current resource estimates and follow up on high-grade intercepts outside the known resource area. The company's technical team has designed a program focused on advancing the Panuco Deposit and the El Cristo Vein System, both of which have shown significant potential.

The Panuco Deposit, with an updated mineral resource estimate of 3.41 million tonnes at 187 grams per tonne silver equivalent (173 grams per tonne silver and 0.18 gram per tonne gold) for 20.5 million ounces of silver equivalent (19 million ounces silver and 19,200 ounces gold), remains open in all directions. The El Cristo Vein System, a three-kilometre strike length, has shown promising results with 22 out of 28 holes intersecting silver and base metal mineralization. Both targets offer significant expansion potential, and the company is eager to explore these opportunities.

Zacatecas, located in central Mexico, is an attractive location for silver exploration and mining due to its rich geological features and historical mining activities. The state is situated within the highly prospective Fresnillo silver belt, which has produced over 6.2 billion ounces of silver. This geological setting is characterized by extensive mineralization, including low-sulphidation and intermediate-sulphidation silver base metal mineralization, as well as potentially low-sulphidation gold-dominant mineralization.

Historically, Zacatecas has been a significant mining region, with a mining history dating back to the colonial period. The state is home to numerous mining districts, such as the Fresnillo, Miguel Auza, Ojocaliente, Sombrerete, and Zacatecas mining districts. These districts have been the source of substantial silver, lead, zinc, and copper production, contributing significantly to Mexico's mining output.

Despite the environmental challenges posed by mining activities, Zacatecas remains an attractive location for silver exploration and mining. The state's extensive mineralization, historical mining activities, and established mining infrastructure make it a prime destination for mining investment in Mexico. Additionally, Zacatecas' rich mining history and supplier network contribute to a favorable business climate for mining operations.

The proposed drill plan aims to expand the current resource estimates by following up on previously drilled high-grade intercepts outside the known resource area. The plan is designed to:

1. Expand the Panuco Deposit: The Panuco Deposit has already shown high-grade silver results, such as 1.25 meters at 1,440 grams per tonne silver equivalent (1,423.2 grams per tonne silver and 0.23 gram per tonne gold) and 1.23 meters at 750 grams per tonne silver equivalent (723 grams per tonne silver and 0.36 gram per tonne gold). The updated mineral resource estimate at Panuco, announced on May 30, 2023, totaled 3.41 million tonnes at 187 grams per tonne silver equivalent (173 grams per tonne silver and 0.18 gram per tonne gold) for 20.5 million ounces of silver equivalent (19 million oaces silver and 19,200 ounces gold). The vein system comprising the Panuco deposit remains open in all directions, indicating potential for further expansion.
2. Explore the El Cristo Vein System: The El Cristo Vein System is the northwestern extension of the well-known Veta Grande vein and has a strike length exceeding three kilometers. An initial 28-scout-drill-hole program was completed, with 22 of the 28 holes intersecting silver and base metal mineralization. The drill plan aims to follow up on these results and explore the numerous targets that remain to be drilled by the company.

The expected outcomes of this expansion include:

* An increase in the known mineral resources at the Panuco Deposit and El Cristo Vein System.
* The potential discovery of new high-grade zones or extensions of known mineralization.
* Enhanced understanding of the geology, structure, and mineralization controls in the area, which can inform future exploration and development decisions.
* Improved confidence in the resource estimates, allowing for more accurate economic assessments and project planning.

The company has also identified two additional high-priority exploration targets: the San Gill Breccia Zone and the Muleros Zone. These targets offer further potential for silver exploration and mining in the region.

Zacatecas Silver Corp. is well-positioned to capitalize on the growth potential of its silver projects in Zacatecas, Mexico. With a strong technical team and a commitment to advancing its assets, the company is poised to deliver value to its shareholders through the successful execution of its drill plan.