Safi Silver updates Addana drilling in Morocco

Safi Silver Corp. said on May 19 that it had completed the first drill hole in its Addana project in southern Morocco and had begun a second as the Canadian explorer pushes ahead with its first campaign on the property. The company said Hole No. 2 is expected to be finished before May 23. The update gives investors the clearest operating marker yet on a program the company launched after rebranding from Trigon Metals last month. Safi Silver trades on the TSX Venture Exchange under the symbol SF and on OTC Pink as PNTZF. ### What exactly did Safi Silver say about the latest drilling work? Safi Silver said drilling on the first hole is complete and drilling has started on the second hole at Addana, a silver-lead polymetallic project in Morocco’s Tata Province. The company said the current phase is focused on targets in the southwestern part of the property, where historical work and recent mapping identified structurally controlled mineralized zones in quartz-carbonate veins. (safisilver.com) The May 19 statement said drill core recovery and geological logging were meeting the company’s expectations. Core is being processed, photographed, logged and prepared for sampling at company facilities in Igdi before being shipped for testing, Safi Silver said. ### Where is Addana, and how large is the project? (safisilver.com) The Addana project covers about 112 square kilometers across seven exclusive prospecting permits in the Addana Mountains in southern Morocco, according to the company. The property lies near Akka, about 300 kilometers southeast of Agadir, and sits within the Anti-Atlas belt, a mining region the company says hosts structurally controlled silver, lead and zinc mineralization. (safisilver.com) Surface work at Addana has returned samples of as much as 564 grams per tonne silver, 24.8% lead and 5.3% zinc, according to the project page on the company’s website. Safi Silver says veins can be traced across more than 40 kilometers of strike length and that the 2026 program is designed to test continuity at depth, strike extensions and geophysical anomalies interpreted as possible feeder zones. (safisilver.com) ### How big is the current campaign? A March 3 company release set out a 12-hole diamond drilling program of up to 2,100 metres at Addana. That plan called for five holes at Antenna Hill and seven holes at Addana Southwest, with target depths of 150 to 200 metres per hole and GeoSond Maroc contracted to carry out the drilling. (safisilver.com) The company’s website still describes the Addana work as its inaugural drill program and says the campaign is in progress. That same site lists Addana and Silver Hill in Morocco as the company’s two principal silver projects, with a combined 128 square kilometers of permit ground. ### Who is handling the samples and what methods will be used? (safisilver.com) Afrilab in Marrakech will analyze samples from the Addana drilling program, Safi Silver said. The company described Afrilab as an SGS- and ISO-certified independent analytical laboratory that has previously been used for its exploration work in Morocco. (safisilver.com) The May 19 release said Afrilab will use fire assay, atomic absorption spectroscopy and inductively coupled plasma mass spectrometry. Andreas Rompel, Safi Silver’s chief exploration officer, said the company was batching samples as core is recovered to keep material moving to the laboratory while maintaining quality control. (safisilver.com) ### Why is the company now called Safi Silver? Trigon Metals said on April 23 that it had completed a short-form vertical amalgamation with its wholly owned subsidiary, Safi Silver Corp., effective April 1, and changed its name to Safi Silver Corp. The TSX Venture Exchange bulletin said the company’s trading symbol would change to SF, while the OTC Pink symbol PNTZF would remain unchanged. (safisilver.com) Jed Richardson, the company’s president and chief executive, said in the May 19 drilling update that Addana marked another milestone in Safi Silver’s transition toward what he called a focused Moroccan polymetallic silver exploration company. ### What comes next in the Addana program? (safisilver.com) Hole No. 2 is expected to be completed before May 23, according to the company’s latest update. The next disclosed step after drilling and sample preparation is analytical testing at Afrilab in Marrakech, which Safi Silver said will handle assays from the ongoing campaign. (safisilver.com)