Mogotes plans 20,000 m drilling at Luz del Sol and Cuenca for 2026-2027

Toronto, Ontario--(Newsfile Corp. - September 4, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes" or the "Company") today reports final results from the 2025–2026 field season at its Filo Sur project in the Vicuña district of Argentina and Chile, new drill and channel-sample results from the Luz del Sol and Cuenca targets, and outlines a 20,000-metre drill program for 2026–2027.

Luz del Sol: Drilling Defines a New Porphyry Target

Drilling at Luz del Sol, south of the Filo del Sol deposit, has defined a new porphyry drill target immediately east of FS_DDH_015 (Figures 1 and 2). Holes FS_DDH_013 and FS_DDH_015 were designed to test a large magnetotelluric (MT) conductor that coincides with an extensive zone of silica-clay alteration - a classic signature of the upper levels of a porphyry system.

Both holes intersected anomalous copper associated with porphyry dikes and hydrothermal breccias within the MMFZ: FS_DDH_013 returned 18 m at 0.21% Cu from 216 m, and FS_DDH_015 returned 24 m at 0.16% Cu from 179 m and 20.5 m at 0.15% Cu from 218.5 m (Table 1). These grades are not economic, but they are the vectors expected on the flanks of a porphyry system. The silica-clay-white mica alteration at Luz del Sol sits higher in the system than the strong potassic alteration that hosts the Albor breccia in FS_DDH_016 (180 m at 0.98% CuEq; see news release dated July 9, 2026 ), and mineralization in FS_DDH_015 has been partly leached near surface, with minor secondary copper enrichment.

Figure 1 Plan view of the Meseta, Luz del Sol, Albor and Cuenca targets, showing the drill holes reported in this release and the new road-cut channel assays. Dashed yellow outline is the expanded Cuenca porphyry target (1.3 km × 0.5 km).

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