Mitre Mining Corporation (ASX: $MMC) announces discovery of high-grade silver and gold vein extensions at Cristal Prospect

Mitre Mining Corporation Limited (ASX: $MMC) has announced the discovery of outcropping high-grade silver and gold vein extensions at the Cristal Prospect within 1.5km of the Laguna Verde processing facility. The discovery showcases the underexplored and highly prospective nature of the Cerro Bayo Project.

Executive Commentary on Cristal Prospect Discovery

Interim Executive Director Ray Shorrocks expressed excitement about the discovery, stating, 'These are stunning results which will have a positive impact on future resource growth and demonstrate the high prospectivity that we have identified in Cerro Bayo. The grades are spectacular, consistently high over a 700m strike, and the strike remains open. Moreover, this is all shallow and located within 1.5km of the processing plant. The results also speak volumes about the wider scope for discoveries and rapid resource growth at Cerro Bayo.'

Summary of Mitre Mining Corporation's Announcement

Mitre Mining Corporation (ASX: $MMC) has announced the discovery of high-grade silver and gold vein extensions at the Cristal Prospect, highlighting the underexplored and highly prospective nature of the Cerro Bayo Project. The discovery, with exceptional rock chip and channel samples, extends over 700m and is interpreted to represent a high-grade feeder structure and enveloping, wider sheeted vein target, showcasing its potential to have a major positive impact on the project's Resources. The company's aggressive drilling program aims to grow the Resources through drilling at high priority brownfields targets within a 3km radius of the processing plant. Mitre Mining Corporation is focused on resource growth and value addition through the drill bit, with exploration result releases expected to be frequent due to the presence of an onsite laboratory.