Business
Surface Metals Expands Land Holdings in Advance of Drilling Campaign at Cimarron Gold Project, Nevada
Carson City, Nevada--(Newsfile Corp. - April 29, 2026) - Surface Metals Inc. (CSE: SUR) (OTCQB: SURMF) (FSE: V6X) (WKN: A417U2) ("Surface Metals" or the
About this update from Surface Metals Inc.
[{"type":"text","content":" Carson City, Nevada--(Newsfile Corp. - April 29, 2026) - Surface Metals Inc. (CSE: SUR) (OTCQB: SURMF) (FSE: V6X) (WKN: A417U2) (\"Surface Metals\" or the \"Company\") reports that the Company's wholly owned subsidiary, Surface Metals US Inc., has staked 38 unpatented lode claims adjacent to its Cimarron gold project in Nye County, Nevada. The Cimarron Gold Project is located at the north end of the San Antonio Mountains in the historic San Antonio (Cimarron) Mining District, approximately eighteen miles (29 km) north of Tonopah in Nye County, Nevada. It comprises 69 unpatented lode mining claims totalling approximately 1079 acres near the historic San Antonio Mine workings and immediately adjacent ground. Figure 1: Claim map The San Antonio mine was active from the early 1900's to the 1940's, and the mine area was active again in the 1980's from a number of companies including Newmont and Echo Bay (acquired by Kinross). The validated and digitized Cimarron project area database includes 234 historical drill holes totaling approximately 18,066 metres. Nearly 30% of these primarily shallow holes terminate within mineralization, underscoring the potential for expansion through deeper drilling. The drilling also shows the gold system is open directionally along strike in multiple directions, with potential for the 3 main isolated zones to merge at depth. Significant historical intercepts include 32.01 metres grading 2.23 g/t Au and 56.39 metres grading 0.52 g/t Au and intercepts up to 60.7 g/t Au (1.77 oz/ton). Historical drilling completed by previous operators outlined a shallow oxide gold resource reported to contain greater than 50,000 ounces of gold (Peter Hahn, Budge Mining Ltd., report dated February 17, 1987). The estimate predates National Instrument 43-101 and is considered a historical estimate. Note: A Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserve, and Surface Metals is not treating the historical estimate as a current mineral resource or mineral reserve. Additional drilling and verification work will be required before the historical estimate can be upgraded or confirmed as a current mineral resource. The historical information is considered relevant to assist in determining future exploration and drilling strategies. Surface Met...