
ZAMORA
Project Locations

WESTERN MEXICO SILVER BELT
SINALOA, MEXICO
Located in the Western Silver Belt of the prolific Sierra Madre Occidental, where existing mines and recent discoveries include:
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Vizsla Silver, Panuco District
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First Majestic Silver, San Dimas
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Pan American Silver, Alamo Dorado
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Greater than 3000 ha located in a mining friendly jurisdiction
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Located near power, roads, infrastructure and local workforces
Zamora
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110 km north from Mazatlán
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23 km southwest of the Mining town of Cosala
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40 km west of Prime Mining’s Los Reyes project
(pending $450 mm acquisition by Torex Gold Resources Inc)
Property Highlights
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District-scale opportunity with 4 concessions covering 378 ha and rights to potentially bring an additional 2,999 ha of concessions back into good standing. If successful, Mercado would hold a total of 3,377 ha.
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40 km west of Prime Mining’s Los Reyes Project, currently being acquired by Torex Gold Resources Inc. (pending). 35 km southwest of America’s Gold and Silver Corporation’s Cosala Operations
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Cumulative strike of over 8 km from structures with 14 historic high grade silver gold mines on them (3 on granted concessions – 11 on pending concessions)
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Never drill tested, providing multiple targets for systematic exploration and initial drill testing.
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800 metres of combined mineralized vein strike at Campanillas–La Franca that has never been drill tested, subject to consolidation of the La Franca and Campanillas concessions.
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2026 La Franca chip sampling returned 1.00 metre of 1,530 g/t silver and 1.39 g/t gold (1,501 g/t AgEq), along with multiple additional high-grade silver-gold intervals.
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Mercado intends to initiate the process to apply for permits to drill test Campanillas–La Franca.
(Grab samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization on the project.)

Significant Results
LA FRANCA* (La Franca Concession currently under LOI)
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1.00 m of 1,530 g/t silver and 1.39 g/t gold (1,501 g/t AgEq)
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0.80 m of 534 g/t silver and 3.58 g/t gold (757 g/t AgEq)
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3.00 m true width of 229 g/t silver and 1.12 g/t gold (295 g/t AgEq)
HISTORIC RESULTS
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La Franca: 1,720 g/t silver and 12.96 g/t gold (2,530 g/t AgEq) from a stope wallrock grab sample
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Campanillas: 14,561 g/t silver and 15.53 g/t gold from historic underground sampling
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El Triunfo: 286 g/t silver and 2.54 g/t gold over 1.00 m from historic channel sampling

The technical information and data for the Zamora property appears to be of a good standard. However, the QP has not conducted sufficient work to independently validate the assay rock sample results from Zamora. Therefore, the Company is treating the Zamora results as historical in nature and are not to be relied on. The QP will independently verify results of the historic work during a site visit later this year.
Zamora Property

Zamora Pending Concessions
3

3 These results are from outside current concessions held by Concordia, which is in the process of bringing the claims back into good standing. There is no guarantee that Mercado will be successful in bringing the extended area of concessions back into good standing and thereby secure title.
The reader is cautioned that all listed results are of a historic nature, have not been verified by the QP and are not to be relied on. The results from the area surrounding Zamora (pending concessions) are not necessarily indicative of the mineralization on the Zamora property.
Opportunity & Next Steps
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Zamora presents a district-scale opportunity with 14 known high-grade silver-gold vein occurrences and historic small-scale mines across more than 8 km of cumulative structural and vein strike.
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The entire vein systems have never been drilled
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Approximately 3,000 ha of concessions are being advanced toward good standing while systematic surface and underground sampling defines initial drill targets across 14 high-grade silver-gold vein occurrences
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2026 mapping and sampling have advanced the Campanillas–La Franca target, where consolidation would provide 800750 metres of combined mineralized vein strike that has never been drill tested.
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Mercado intends to initiate the process to apply for permits to drill test Campanillas–La Franca and advance its inaugural diamond drill program to test the vein system.

