Vicuña District: Geophysics Starts At New Claims Next To Filo Del Sol

(MENAFN- Newsfile Corp) Toronto, Ontario--(Newsfile Corp. - March 27, 2025) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) ("Mogotes", or the "Company") is pleased to report on the start of ground based geophysical survey and further positive observations from ongoing reconnaissance of the recently optioned claims directly south of Filo del Sol (below Figure 1).

Figure 1: Mogotes New Optioned Claims and Area of New Geophysical Survey
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Key Points:

Mogotes has initiated a large 3D vector IP/MT and deep penetrating IP/MT survey over newly optioned claims 1 km south of BHP and Lundin Mining's Filo Del Sol Cu-Au-Ag deposit, to test for extensions of the Mogotes undrilled Meseta and Cumbre geophysical targets into Chile (see Figure 2 below).

Figure 2: Mogotes New Optioned Claims and Adjacent Filo Drilling
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Reconnaissance of the Meseta prospect into the new claim has revealed additional unsampled large breccia zones and structures with intense quartz-alunite alteration. Breccias locally host porphyry clast with "A" and "B" style veins potentially point to porphyry style mineralization at depth (Figure 3 below).

Figure 3: Images of Breccias in the Meseta Prospect Zone
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Reconnaissance of the extension of the Cumbre prospect outlines multiple cross cutting structures developed over a 400 by 500 m area with high level stockwork veinlets potentially related to the top of a concealed porphyry or epithermal system (see Figure 3 above and Figure 4 below).

Figure 4 - Images of Breccias Continued
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Combined these occurrences of breccia and stockwork veining outline a NW tending corridor lying along the projected trace of the trans-orgen Macho Muerto Fault zone that management believe has played a key role in localizating mineralization in this selection of the prolifically mineralized Filo Del Sol district.

Laboratory assays will be required to determine if these previously unsampled alteration zones are mineralised, however, it is consider encouraging that as previously reported hydrothermal breccias and vuggy silica alteration from the Argentine side of the Mogotes Meseta prospect have returned rock chip assays up to 1.48 g/t Au and 3.6 g/t Ag, consistent with HSE style of mineralization (MOG news release July 8^th, 2024).

CEO Allen Sabet commented: "The start of the geophysical survey is the beginning of sharpening up our understanding of this enormous system that we have only just begun to explore. We hope it will bring clarity to our targeting and are looking forward to seeing and analysing the results to better understand our targets at Meseta and Cumbre."

About Mogotes Metals Inc.

Mogotes Metals Inc. is a mineral exploration company exploring for copper and gold in the prospective Vicuña district of Argentina and Chile. Mogotes flagship project, Filo Sur, adjoins the large Filo del Sol copper-gold-silver discovery, and is along the N-S trending belt with the Filo Del Sol – Aurora and NGEx Minerals Lunahuasi and Los Helados copper-gold deposits.

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