Silver X Reports Significant Deep Drilling Results at Blenda Rubia

Vancouver, BC — Silver X Mining Corp. (“Silver X” or the “Company”) has announced compelling results from its deep underground drilling program at the historic Blenda Rubia Mine, part of the company’s Nueva Recuperada Project in central Peru. The latest exploration campaign successfully extended silver-polymetallic mineralization up to 160 metres below the historic mine workings, confirming the strong vertical continuity of the system and intersecting multiple mineralized veins and veinlets.

Background on Blenda Rubia and the Drilling Program

The Blenda Rubia Mine is a past-producing underground operation located adjacent to Silver X’s Recuperada processing mill. Historically, mining activities at Blenda Rubia were limited to relatively shallow depths — reaching only four levels below the surface (Level 210) before operations ceased in the mid-1990s. Lower silver prices and local economic conditions at that time made deeper mining uneconomic despite geological evidence of a deeper, vertically extensive mineralized system.

This deep drilling program is the first modern initiative aimed specifically at testing the down-dip extension of mineralization below the old workings, in order to evaluate the potential for future resource expansion and underground mining scenarios.

Key Highlights from the Initial Drill Holes

The first three underground diamond drill holes completed in this program delivered positive results and several important technical findings:

• Vertical Extension Confirmed: Mineralization was intersected up to 160 metres below the historically mined levels, demonstrating that the system continues strongly at depth.
• Mineable Vein Widths and Grades: All three holes intersected veins at widths and grades that are considered suitable for potential underground extraction, reducing geological risk and building confidence in the continuity of the system.
• Broad Multi-Vein Zone in Hole BR-003: The most significant result came from drill hole BR-003, which intersected a broad mineralized zone with a true width of 27.4 metres. Within this zone was a high-grade core of 3.0 metres averaging 505 grams per tonne (g/t) silver (Ag), 4.16% lead (Pb), and 0.49% zinc (Zn).
• Structurally Robust Mineralization: The wide mineralized zone hosts multiple sub-parallel veins and dense silver-bearing veinlets, suggesting a structurally strong system capable of supporting larger-tonnage underground mining rather than being limited to narrow isolated veins.
• Increasing Grades with Depth: In some parts of the system, grades were observed to increase with depth, pointing to the possibility of improved metal endowment and stronger economics as drilling continues below the historic mine levels.

Detailed Drill Intercepts

The initial drill results include the following intersections:

• BR-001: 2.0 metres true vein width (4.55 metres apparent) averaging 98 g/t Ag, 1.25% Pb, and 0.04% Zn. This hole confirmed the down-dip continuity of the Blenda Rubia structure at mineable widths.
• BR-002: 1.0 metre true vein width (2.20 metres apparent) with 123 g/t Ag, 0.95% Pb, and 0.02% Zn. This further confirms continuity of mineralization below Level 210.
• BR-003: Intersected a broad zone of 27.4 metres true width (54.85 metres apparent), including the high-grade core mentioned above.

Technical Interpretation and Strategic Implications

These results underline the potential of the Blenda Rubia structure to host vertically extensive and mineable silver-polymetallic mineralization. The combination of width, continuity, and grade continuity are important technical factors that enhance the prospectivity of the deposit and inform future exploration strategy.

The structural robustness indicated by multiple vein intersections and mineralized veinlets provides a geological setting that is more conducive to larger underground production scenarios compared to narrow, isolated veins. This is significant for Silver X’s long-term development plans at the Nueva Recuperada Project.

Furthermore, the proximity of Blenda Rubia to Silver X’s existing processing facilities — approximately 2 kilometres away — provides a potentially cost-efficient route for future development and integration into broader mine plans, should additional drilling define economic resources.

Corporate Commentary

Silver X’s CEO and President, Jose Garcia, expressed optimism about the deep drilling results, stating that they demonstrate the continuity of mineralization well below historic workings and affirm the potential of Blenda Rubia to contribute meaningfully to the Nueva Recuperada complex. He highlighted the structural scale and high-grade intercepts as key indicators of the system’s potential.

The company intends to continue its exploration efforts with additional drilling to further delineate the down-dip and lateral extent of the Blenda Rubia structure, with the goal of converting exploration success into defined mineral resources that could be advanced toward future development.

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