Mogotes Metals & the Albor Discovery: What it Means for the Filo Sur Project

• Mogotes Metals has reported a new copper-gold-silver-molybdenum discovery at the Albor target within its Filo Sur project in Argentina’s Vicuña district.
• The intercept includes 86 metres grading 0.70% copper, 0.55 grams per tonne gold, 2.7 grams per tonne silver and 169 parts per million molybdenum, with a 43-metre higher-grade zone grading 1.1% copper and 0.82 grams per tonne gold.
• Geological characteristics, including multi-element enrichment and alteration patterns, are consistent with proximity to a larger porphyry copper-gold system.
• A significant portion of drill assays from the current program remain pending, leaving open questions around continuity and scale.
• The company reports approximately C$42 million in cash, supporting continued exploration and a planned drilling restart in November.

A High-Grade Copper-Gold Discovery Emerges at Albor

Mogotes Metals (TSXV: MOG | FSE: OY4 | OTCQB: MOGMF) has reported a new copper-gold-silver-molybdenum discovery at the Albor target within its Filo Sur project in Argentina’s Vicuña district, returning 86 metres grading 0.70% copper, 0.55 grams per tonne gold, 2.7 grams per tonne silver and 169 parts per million molybdenum from 108 metres depth. Within this interval, the company highlighted a 43-metre higher-grade zone grading 1.1% copper, 0.82 grams per tonne gold, 4 grams per tonne silver and 281 parts per million molybdenum.

Chief Executive Officer of Mogotes Metals, Allen Sabet, commented on the significance of the results:

“What it demonstrates for us is that we have been looking for and now we are going to try and find the beast, the big source of it.”

The results come from a broader drill program at Albor, where a significant portion of assays remain pending.

Geological Indicators Point Toward a Larger System

The company has linked the Albor results to a broader geological setting characterised by enrichment in copper, gold, silver and molybdenum, a combination commonly associated with large porphyry copper-gold systems in the Andes. Management has pointed to multiple phases of mineralisation and alteration patterns consistent with a system influenced by repeated fluid events, which can concentrate metals over time within structurally focused zones.

Sabet highlighted the strength of the geological signal:

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“The hole that we are looking at here ticks the boxes for not just smoke, but fire like this, you are getting close to the system.”

The target area at Albor measures approximately 1.5 kilometres by 2 kilometres, defined through a combination of soil geochemistry, geological mapping and geophysical interpretation over a 4-year exploration program.

Exploration Work has Progressively Narrowed the Target

The Albor discovery sits within a broader exploration framework that has been refined over 4 years of systematic fieldwork across the Filo Sur project. Soil sampling, mapping and geophysical surveys were used to progressively reduce the exploration area from a district-scale land package to a focused target zone measuring roughly 1.5 kilometres by 2 kilometres.

This narrowing process has allowed drilling to focus on specific structural corridors interpreted as the most prospective parts of the system, rather than on broad regional testing. Albor represents one of multiple discoveries generated during the current exploration campaign.

Pending Assays Remain a Key Part of the Dataset

A large portion of the drill program at Albor is still awaiting assay results, which will determine the full extent and continuity of mineralisation beyond the reported intercept. The current results represent only part of a broader dataset, meaning the distribution of grades across the remaining intervals will be important in understanding whether mineralisation extends along strike or remains confined to discrete zones.

The company plans to incorporate all pending results into an updated geological model ahead of a planned restart of drilling in November. That next phase of drilling will be guided by the completed assay dataset and updated targeting interpretation derived from the current program. Mogotes Metals reports approximately C$42 million in cash, supporting continued exploration activity at Filo Sur.

Key Takeaway for Investors

The Albor discovery strengthens the geological case for a larger porphyry copper-gold system within Mogotes Metals’ Filo Sur project, but the scale of that system remains untested. The next stage of assays will be decisive in determining whether mineralisation is continuous and system-wide or confined to discrete high-grade zones. With a fully funded exploration program and drilling set to resume in November, the near-term focus shifts to whether Albor represents the upper expression of a broader porphyry system or a standalone discovery within a district-scale exploration corridor.

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