Mogotes Metals and Axo Metals announce major exploration updates

Mogotes Metals Inc. has announced plans for an expanded drilling program at its Filo Sur copper project. Following the completion of 6,208 meters during the 2025/26 season, the company intends to drill up to 20,000 meters in the 2026/27 season. The program, scheduled to begin in November 2026 subject to weather and access, aims to expand the Albor and Cruz del Sur discoveries, test porphyry targets at Luz del Sol and Cuenca, and conduct exploratory drilling along the 10 km Macho-Muerto fault zone.

Separately, Axo Metals Corp. reported new results from its San Antonio gold project in Mexico. Following approximately 5,000 meters of drilling across 29 holes, the company identified step-out results outside the existing resource. Specifically, borehole SOSAP-26-039 yielded 18.0 meters with 8.15 grams of gold per tonne from a depth of 18 meters, which included a 12-meter interval containing 11.71 grams of gold per tonne.