Denarius Metals Confirms High-Grade Gold And Silver At Zancudo’s Las Brisas Target In Colombia

Early 2026 in-fill drilling hits up to 27.83 g/t gold at Zancudo

Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) has reported the first assay results from its 2026 surface in-fill diamond drilling program at the Las Brisas target on its wholly owned Zancudo gold-silver project in Colombia, located in the Cauca Belt about 30 kilometers southwest of Medellin.

The results cover the final assays for the first four drill holes, totaling roughly 660 meters, completed from the first purpose-built surface drill platform. The holes confirmed the high-grade gold and silver mineralization previously modeled on the Manto Antiguo and Santa Catalina structures.

Highlight intercepts included 7.43 grams per ton (g/t) gold and 15 g/t silver over 1.20 meters from 93.8 to 95.0 meters in hole ZM-195 on the Santa Catalina structure, including 28.70 g/t gold and 38 g/t silver over 0.30 meters. Hole ZM-197, on the Manto Antiguo structure, returned 8.36 g/t gold and 1,670 g/t silver over 1.0 meter from 160.3 to 161.3 meters, including 27.83 g/t gold and 5,564 g/t silver over 0.30 meters.

Key Drilling Results at Las Brisas

Notes: Intervals are core lengths; true widths are estimated at 80% to 90% of the reported lengths. Gold-equivalent (AuEq) grades were calculated using prices of $3,200 USD per ounce of gold and $40.00 USD per ounce of silver. “Unknown” denotes a new structure that does not correlate with any known structure or vein. Hole MT-196 returned no results above the 4 g/t AuEq cut-off, and hole MT-198 was aborted at shallow depth due to excessive deviation.

The Las Brisas target is an unexploited block within the Manto Antiguo structure that was preserved by past mining. The in-fill program is designed on 50-by-50-meter drill centers from eight platforms (IF-5 to IF-12) to better delineate and confirm the consistency of two ore shoots outlined by earlier drilling on the Manto Antiguo and Santa Catalina structures. The Manto Antiguo ore shoot, controlled by the intersection of the two structures, typically shows wider and higher-grade intercepts.

“This early progress at the Las Brisas Target reinforces our confidence in the continuity and quality of the known ore deposits at Zancudo.” – Serafino Iacono, Executive Chairman, Denarius Metals

Drilling at Las Brisas began in late April 2026 with a single rig and comprises about 6,000 meters across 29 diamond drill holes. The reported results cover the first four holes, about 660 meters, drilled from the first platform (IF-7). All holes completed to date on Manto Antiguo, totaling about 560 meters, intersected the structure at the estimated depth, with a maximum grade of 27.83 g/t gold and 5,564 g/t silver over 0.30 meters in ZM-197. On Santa Catalina, holes totaling about 660 meters intersected the structure at depth, with a maximum grade of 28.70 g/t gold and 38 g/t silver over 0.30 meters in ZM-195.

“This early progress at the Las Brisas Target reinforces our confidence in the continuity and quality of the known ore deposits at Zancudo,” said Serafino Iacono, executive chairman of Denarius Metals. “The 2026 in-fill drilling program has been designed taking into account the successful results achieved in our 2024 in-fill drilling campaign and underscores the potential and prospectivity of delineating new zones and expanding existing ones near planned mining infrastructures. We look forward to providing further updates through the course of this year’s drilling campaign.”

Structures and Geology

The Manto Antiguo structure, historically the main structure mined, is interpreted as a west-northwest to east-southeast trending brecciated manto that merges into the footwall of the Santa Catalina structure. 

The northerly-trending Santa Catalina structure, which dips steeply to the east near surface and gently at depth, is interpreted as a mineralized master fault and the feeder of mineralization for the entire vein system. The typically narrow Manto Antiguo structure shows a breccia texture with incipient quartz-sulphide banding and milled wall-rock clasts, with mineralization consisting of pyrite, arsenopyrite, sphalerite, and galena.

2026 Program and Processing Plant

The 2026 drill program totals a planned 15,000 meters across several targets within the Zancudo project, including Las Brisas, El Castano, the Independencia mine, and brownfield areas. The company said the program is intended to provide data for resource modeling, mine planning, and stope design as it ramps up mining at Zancudo in 2026 and 2027 to feed the project’s new 1,000-ton-per-day flotation processing plant, which is under construction and expected to be operating later this year.

The resource evaluation work was completed by Scott E. Wilson, CPG, president of Resource Development Associates and an independent qualified person under Canada’s NI 43-101, who inspected the Zancudo project on June 2-3, 2026. Core samples were prepared and assayed for gold by Actlabs at its laboratory in the Rionegro free-trade zone in Antioquia, Colombia, with multi-element analysis completed at its laboratory in Ancaster, Ontario.

Denarius Metals is a Canadian junior mining company focused on precious metals and polymetallic projects in Colombia and Spain, and trades on Cboe Canada as “DMET” and on the OTCQX Market in the United States as “DNRSF.” 

At Zancudo, its 100%-owned high-grade gold-silver deposit that includes the historic Independencia mine, the company is producing in an early-production phase while completing the processing plant, which it expects to begin producing high-grade gold-silver concentrates in the third quarter of 2026. 

In Spain, Denarius holds a 21.8% interest in and operates the Aguablanca nickel-copper project, recognized by the European Union as a Strategic Project, and owns 100% of the Lomero polymetallic project and the Toral zinc-lead-silver project.

Headline image description: The diagram showcases the target location of Denarius Metals in their Las Brisas mine site, and what they projected to have discovered there. Photo provided by Denarius Metals.