Prime Mining's Tahonitas Footwall Discovery Boosts Mining Potential

Prime Mining Unveils New Discoveries at Tahonitas Project

VANCOUVER, British Columbia — Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is thrilled to share significant developments from its Los Reyes Project, situated in a prime location for mining activity. The latest drilling initiatives have led to the groundbreaking discovery of high-grade mineral veins at the Tahonitas Footwall, which is part of the Z-T Trend.

Expansion Drilling Results at Z-T Trend

Recent drilling has yielded outstanding results, with reports detailing 25 core holes, out of which 14 are specifically from the Tahonitas area. Among these highlights:

• One notable intercept of 5.67 grams per tonne (g/t) gold-equivalent was recorded over a width of 4.2 metres in hole 24TA-149.
• Another drill hole, 24TA-144, showcased 1.62 g/t AuEq over 15.2 m, demonstrating the potential for significant mineralization in the area.
• Additionally, hole 24TA-153 presented an impressive 4.93 g/t AuEq over 3.3 m, further confirming the area's high-grade mineral potential.

The drill results are positioned less than 200 metres from the surface, indicating accessibility for both open pit and underground mining operations. Prime’s Chief Executive Officer, Scott Hicks, expressed enthusiasm regarding these findings, emphasizing that the data obtained thus far could inform future mining endeavors.

Tahonitas Footwall — A Key Focus Area

The exploration team at Prime Mining has identified the newly discovered high-grade ore shoot at the southernmost region of the Tahonitas Zone. This ore shoot, currently delineated over an area of 260 metres by 140 metres, remains open for exploration in both directions. Scott Smith, the Executive Vice President of Exploration, pointed out that this exciting development is a direct result of Prime's grassroots approach to mining, which includes extensive mapping and soil sampling efforts.

Geological Insights and Future Drilling Plans

The geologically rich area has been carefully studied through advanced surface mapping techniques combined with soil geochemistry analyses. This led to pinpointing a mineralized quartz vein, adding credibility to the exploration efforts being made. The targets for ongoing drilling in 2025 will aim to define and extend this newly discovered mineralization.

Zapote Zone — Further Resource Expansion Opportunities

In addition to the Tahonitas discoveries, Prime Mining has released results from 11 new holes drilled in the Zapote area, which indicated sustained high-grade mineralization well outside the boundaries of the 2024 Mineral Resource Estimates (MRE). These findings further reinforce the potential of the Zapote target area, paving the way for additional underground opportunities.

Understanding the Z-T Trend's Implications

The Z-T Trend continues to reveal exciting new mineralization proposals. The ongoing drilling indicated that mineral deposits extend over 600 metres along the strike from the current southeast pit crest. Continued drilling efforts may result in the identification of more high-grade shoots, adding substantial value to Prime Mining's resources.

Company Outlook and Future Exploration Plans

Prime Mining aims to maintain its momentum into 2025 through ongoing evaluations of drilling plans that strategically prioritize targets based on resource development potential. As of now, six drill rigs are actively exploring the Los Reyes Project, focusing on:

• Extending high-grade shoot deposits along the Z-T Area.
• Expanding known reserves at Guadalupe East.
• Enhancing resource estimates in the Central Area.
• Exploring new high-grade intercept sites at Las Primas, Mariposa, and Fresnillo.

This comprehensive approach signifies Prime Mining's commitment to not only maximizing resource output but also reducing risks associated with project development.

Frequently Asked Questions

1. What recent discoveries did Prime Mining announce?

Prime Mining announced the discovery of high-grade mineral veins in the Tahonitas Footwall, part of their ongoing exploration at the Los Reyes Project.

2. How does the latest drilling results impact resource estimates?

The drilling results indicate significant mineralization potential that could lead to an expansion of the resource estimates in future reports.

3. What areas are being targeted for future exploration?

Future exploration efforts will focus on extending the known high-grade ore shoots at both Tahonitas and Zapote.

4. What does the company’s approach to exploration include?

Prime Mining employs a grassroots method, combining detailed geological mapping and soil sampling to identify potential mineral deposits.

5. Who are the key executives at Prime Mining?

Key executives include Scott Hicks, CEO, and Scott Smith, Executive Vice President of Exploration, guiding the strategic direction of the company.

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