Aftermath Silver begins drilling at Berenguela copper target in Peru and Challacollo project in Chile

Source: Proactive Reading Time: 2 minutes

Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF, FRA:FLM1) has announced the commencement of drilling at two key projects:

• Berenguela Project, Peru — Drilling has started at the eastern edge of the project to test for high-grade copper mineralization beyond the current mineral resource estimate (MRE).
• Challacollo Project, northern Chile — A separate drill program has been launched at this silver-gold project.

Berenguela Drilling Program

The Berenguela program will initially include up to 1,000 metres of core drilling, targeting an eastern copper zone. This follows previous drill results that intersected high-grade copper and silver mineralization. The company noted that the program may be expanded depending on results.

Aftermath Silver CEO Ralph Rushton stated that the company is investigating the potential for additional high-grade copper mineralization outside the current resource area, following encouraging drilling results from 2024 and 2025.

"Our previous drilling in 2024/2025 on the eastern margins of the MRE was extremely positive and with the copper spot price close to its all-time high I look forward to reporting on the results of the drilling later this year," Rushton said.

Challacollo Drilling Program

At the Challacollo project in Chile's Region I, Aftermath has begun an initial five-hole, approximately 800-metre diamond drilling program. The objectives include:

• Expanding the existing silver-gold resource
• Testing additional exploration targets
• Targeting extensions of known veins
• Investigating previously identified but untested veins
• Conducting selected reverse circulation holes to gather additional geological and metallurgical information

Drilling will focus on the following target areas:

• Lolón North
• Lucy North
• Palermo North

Rushton noted that the Challacollo campaign is intended to increase the company's exposure to silver alongside its flagship Berenguela project.

"Our objective at Challacollo is to expand and increase the mineral resource and this is the first step toward that goal," he said.

Challacollo Resource Estimate

According to a 2020 NI 43-101 technical report, the Challacollo project hosts:

| Resource Category | Tonnes | Silver (oz) | Gold (oz) | |-------------------|--------|-------------|-----------| | Indicated | 6.64 million | 35.15 million | 58,000 | | Inferred | 2.8 million | 11.14 million | 15,000 |

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