Aftermath Silver intercepts high-grade silver in step-out drilling at Berenguela Project

Strong results include 1,174 g/t silver over 7.1 meters and 0.55% copper at depth.

Aftermath Silver Ltd. has announced new high-grade silver intercepts from its step-out diamond drilling program at the Berenguela silver-copper-manganese project in southern Peru. The results highlight the project's potential to extend mineralization beyond the known resource, reinforcing Berenguela’s status as a high-impact silver asset in Latin America.

Among the most notable results is hole AFD-078, which returned 1,174 grams per tonne (g/t) silver and 0.21% copper over 7.10 meters from a depth of 98.4 meters. Additionally, hole AFD-080 intercepted 439 g/t silver and 0.55% copper over 7.85 meters from 108.95 meters, further supporting the continuity of high-grade zones to the southeast of the existing resource.

These intercepts are part of a 63-hole, 10,741-meter drill program completed in early 2023, designed to support an upcoming updated mineral resource estimate (MRE) and preliminary economic assessment (PEA). The new results are considered significant as they occur outside the area used in the current 2023 MRE, providing upside potential for future resource expansion.

According to Aftermath Silver, the drilling focused on verifying historical data and exploring previously untested extensions of the deposit. The company reported that the mineralization remains open along strike and at depth, especially toward the southeast and central-west zones of the Berenguela deposit.

Ralph Rushton, President and CEO of Aftermath Silver, commented:

“These new results continue to demonstrate the high-grade potential of Berenguela. The presence of silver and copper in zones not previously modeled indicates strong upside for expanding the resource base.”

The company has submitted all data to AMC Consultants to update the mineral resource model, which will feed into a revised PEA scheduled for Q3 2025. Metallurgical test work is ongoing to further evaluate recoveries of silver, copper, and manganese from various mineralized zones.

The Berenguela project, located in the Puno Department of southern Peru, is known for hosting a large, shallow, epithermal polymetallic deposit containing silver, copper, and manganese mineralization.