Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) has released analytical results from CC-26-001, the first drill hole of its 2026 exploration program at the Cerro Colorado Project in Sonora, Mexico. The hole intersected a broad polymetallic mineralized system returning 32.50 metres averaging 0.271% zinc, 7.0 g/t silver, 0.141% lead, 0.025% copper, and 0.01 g/t gold. Critically, drilling was terminated at 259.5 metres due to technical difficulties while still within the mineralized package, leaving the system open at depth. Investors may be watching for follow-up drill results as the company seeks to define the lateral and vertical extent of the system.

Key Points

  • Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) announced initial drill results from Cerro Colorado, Sonora, Mexico
  • CC-26-001 returned 32.50 metres of continuous polymetallic mineralization averaging 0.271% Zn, 7.0 g/t Ag, 0.141% Pb, 0.025% Cu, and 0.01 g/t Au
  • Individual assays reached up to 98.5 g/t Ag, 0.97% Zn, 0.67% Pb, 0.46% Cu, and 1.005 g/t Au; true widths have not yet been determined
  • Investors should watch for follow-up drilling results as the company integrates geological, structural, and geophysical data from CC-26-001

CC-26-001 Drill Results and Polymetallic Intercepts at Cerro Colorado

The first drill hole of Masivo Silver's 2026 program returned two significant intercepts. Higher in the hole, 5.10 metres from 215.10 to 220.20 metres averaged 24.0 g/t silver, 0.611% zinc, 0.121% lead, 0.035% copper, and 0.024 g/t gold. Deeper, 32.50 metres from 226.30 to 258.80 metres averaged 7.0 g/t silver, 0.271% zinc, 0.141% lead, 0.025% copper, and 0.01 g/t gold. The bottom metre — from 257.8 to 258.8 metres — returned 29.4 g/t silver, 0.568% zinc, 0.293% lead, and 0.164% copper, indicating strengthening grades at depth. All reported intervals represent drilled lengths; true widths remain undetermined.

Open-Ended Mineralization and Geological Significance of Hole Termination

Masivo Silver emphasises that drilling was halted at 259.5 metres for technical reasons, not because the mineralised geological package had ended. CC-26-001 remained within strongly sericite-altered rhyolitic porphyry containing disseminated pyrite alongside recurring sphalerite, galena, and freibergite at the point of termination. The company stated that the broad width of mineralisation, persistent polymetallic signature, strong alteration, and grade improvement near the hole's base provide technical justification for follow-up drilling. The release states the system remains open at depth, a detail the company's exploration team will seek to address.

CEO Commentary on Follow-Up Exploration Strategy at Cerro Colorado

David Coburn, President and CEO, commented that the 32.5 metres of continuous polymetallic mineralisation is encouraging and that the strengthening of silver, copper, lead, and zinc values in the final metres before termination provides a clear rationale for further work. He noted the company has not yet established the depth extent of the system. Follow-up exploration will integrate analytical results, geological logging, structural interpretation, alteration patterns, and geophysical data to test whether increasing metal tenor near the bottom of CC-26-001 vectors toward higher-grade portions of the system.

Pending TSXV Approval for Cerro Colorado Acquisition Share Adjustment

Separately, the announcement notes that Masivo Silver and Cerro Colorado are awaiting TSX Venture Exchange approval to adjust the share consideration for the Cerro Colorado acquisition — originally announced October 29, 2025 — from 300,000 to 450,000 common shares. The company did not disclose a timeline for this approval in the announcement. The immediate share price impact was not clear from available public information.