Mitchall Mines and Minerals Limited to Commence Diamond Drill Program at its Arapiccos Project, Ecuador

The program will include 6,000 meters of diamond drilling in 44 holes for an approximate total cost of USD $1.5 million. 
Three drill rigs will be utilized to define and evaluate targets which lie adjacent to the previously explored locations to the north of the site.
This estimate includes indicated resources of approximately 3.2 metric tons, potentially containing 2,400 ounces of gold.
“We are thrilled to begin our fully-funded 2025 and 2026 drill program which we expect will expand the current mineral resources that are hosted in only two of the 5 main zones identified to date on the Arapiccos project. The drilling will also test some of the other sub-parallel zones, including the 2023 drilling which discovered five high-grade mineralized veins where prospecting samples returned up to 8.7 grams of gold per ton” stated Sherman Darnell, Chief Operations Officer at Mitchall Mines and Minerals Limited.
“We would like to thank the local community who have embraced our operation at the site since day 1 and we look forward to generating value throughnear-term resource expansion and economic improvements for the entire area.” 
Diamond Drills 1 and 2 will primarily be discovery focused and will evaluate high-grade deposit targets in sub-parallel zones adjacent to the known resources. These targets exclude any previous test drilling which discovered, by a single exploration drill hole in 2024, a 16.24 meter wide zone that averaged 4.28 grams of gold per ton.
Drilling will evaluate the strike extensions, especially towards the west where these zones trend into the same fault panel as the high-grade Western zone.
Diamond Drill 3 will focus on definition drilling at the eastern part of the project, a target that hosts bulk tonnage, fracture-controlled mineralization in broad zones situated adjacent to the original mineral resources. This drilling will focus on the near surface and potentially pit-constrained portions of these zones with results used to facilitate deposit modelling and resource estimation. Adding to the importance of this target, metallurgical test work has indicated positive deposits through direct cyanide leaching.