{"id":7922,"date":"2026-05-19T16:25:00","date_gmt":"2026-05-19T14:25:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=0f2c6bc34a494e7ff251796a9c590d20"},"modified":"2026-05-19T16:25:00","modified_gmt":"2026-05-19T14:25:00","slug":"safi-silver-provides-update-on-addana-drilling-program-in-morocco","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=7922","title":{"rendered":"Safi Silver Provides Update on Addana Drilling Program in Morocco"},"content":{"rendered":"

TORONTO--(BUSINESS WIRE)--Safi Silver Corp. (TSX-V: SF, OTCPK: PNTZF) (\u201cSafi Silver\u201d, \u201cSafi Silver Corp.\u201d or the \u201cCompany\u201d) is pleased to provide investors with an operational update on the ongoing diamond drilling program at the Company\u2019s Addana Project in Morocco.<\/p><\/a><\/a><\/a><\/a>

\nDrilling is complete on the first hole of the Addana campaign, and has commenced on the second hole. Hole #2 is expected to be completed before May 23. The current phase of drilling is focused on targets located in the southwestern portion of the Addana property, where historical work and recent field mapping have identified structurally controlled mineralized zones in quartz-carbonate veins, considered highly prospective for polymetallic silver mineralization.<\/p>

\nThe Company reports that drilling operations have progressed smoothly to date. Recovery of drill core and geological logging is meeting the Company\u2019s expectations. Once recovered, the core is systematically processed, photographed, logged, and prepared for sampling at the Company\u2019s new and secure facilities in the town of Igdi prior to shipment for analytical testing.<\/p>

\nSamples from the Addana drilling program will be analyzed by Afrilab, a SGS and ISO-certified independent analytical laboratory located in Marrakech, Morocco. The laboratory has previously been utilized by the Company for exploration programs within Morocco and provides internationally recognized analytical services for precious and base metal exploration projects. Afrilab utilizes fire assay, atomic absorption spectroscopy (AAS), and inductively coupled plasma mass spectrometry (ICP-MS). Such methods are ideal for this program, given the precious and base metals mineralization targeted at Addana.<\/p>

\nDr. Andreas Rompel, Safi Silver\u2019s Chief Exploration Officer, commented, \u201cWe are encouraged by the progress of the drill program thus far and pleased with the professionalism and efficiency of the local operating teams. As core is recovered, it is being geologically logged and sampled in batches to maintain a consistent flow of material to the laboratory. This approach allows us to maintain strong quality control procedures while ensuring timely assay turnaround as the program advances.\u201d<\/i><\/p>

\nJed Richardson, President and CEO of Safi SIlver Corp. added, \u201cDrilling at Addana represents another important milestone in Safi Silver\u2019s transition toward becoming a focused Moroccan polymetallic silver exploration company. We are particularly pleased to see the program advancing steadily, with the second hole anticipated to begin shortly. Safi Silver\u2019s is in a unique position to continue advancing our work in Morocco due to the sale of our ownership interest in the Kombat Mine.\u201d<\/i><\/p>

\nThe initial drill program at Addana is designed to test priority targets identified through historical exploration, surface sampling, geological mapping, and structural interpretation. The Company expects to provide additional operational updates as drilling progresses and assay results become available.<\/p>

\nQualified Person<\/strong><\/p>

\nThe scientific and technical information contained in this news release has been reviewed and approved by Dr. Andreas Rompel, (Pr.Sci.Nat., FSAIMM)., Chief Exploration of Safi Silver, who is a \u201cQualified Person\u201d as defined under National Instrument 43-101 \u2013 Standards of Disclosure for Mineral Projects<\/i>.<\/p>

\nAbout Safi Silver<\/strong><\/p>

\nSafi Silver Corp. is a publicly traded Canadian exploration and development company with a core focus on copper and silver holdings in mining-friendly African jurisdictions. In Morocco, the Company is advancing two exploration projects: Addana<\/strong>, which hosts silver-bearing polymetallic veins, and Silver Hill<\/strong>, a sedimentary copper prospect undergoing ongoing evaluation. In Namibia, Safi Silver holds the Kalahari Copperbelt Project.<\/p>

\nCautionary Notes<\/strong><\/p>

\nThis news release may contain forward-looking statements. These statements include statements regarding the drilling program, at Addana, the mineralization and prospectivity of the Addana Project, the anticipated benefits of the Company\u2019s strategic focus on its Moroccan silver projects, and the Company\u2019s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.<\/i><\/p>

\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/strong><\/p>

\nON BEHALF OF THE BOARD OF DIRECTORS<\/p>

\nJed Richardson\nPresident & CEO<\/p> Contacts<\/b>

\nFor further information, contact Tom Panoulias, VP Corporate Development:<\/strong>+1 (647) 276-6002 x 1127\nIR@safisilver.com<\/a>Website: www.safisilver.com <\/a><\/p>","protected":false},"excerpt":{"rendered":"

TORONTO–(BUSINESS WIRE)–Safi Silver Corp. (TSX-V: SF, OTCPK: PNTZF) (\u201cSafi Silver\u201d, \u201cSafi Silver Corp.\u201d or the \u201cCompany\u201d) is pleased to provide investors with an operational update on the ongoing diamond drilling program at the Company\u2019s Addana Proje…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7922","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7922"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7922\/revisions"}],"predecessor-version":[{"id":7923,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7922\/revisions\/7923"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}