Zacatecas Silver Corp. · TSXV:ZAC
Zacatecas Silver — Investor Presentation (May 2025)
28 slides from Zacatecas Silver's investor presentation, May 2025
Slide 1: The world's best address for high grade silver
1 The world's best address for high grade silver I N V E S T I N G I N M E X I C O ’ S S I LV E R L E G A C Y TSX-V: ZAC | OTC: ZCTSF
Slide 2: Forward Looking Statements
2 Forward Looking Statements This presentation may contain forward-looking statements. These statements contracted parties provide goods and/or services on the agreed time frames, involve known and unknown risks, uncertainties, and other factors that may the equipment necessary for exploration is av
Slide 3: About Zacatecas Silver
3 About Zacatecas Silver Zacatecas Silver Corp. is a Mexico-based exploration company focused on advancing high-potential gold and silver projects within Mexico, one of the world’s premier mining regions. Two flagship assets: the advanced-stage Esperanza Gold Project in Morelos State and the highly
Slide 4: Project Overview
4 Project Overview TA R G E T I N G N E A R T E R M , H I G H M A R G I N G O L D A N D S I LV E R P R O D U C T I O N , W I T H S C A L A B L E U P S I D E Esperanza Gold Deposit Near-surface, low-risk bulk gold project with open-pit and heap leach potential. High-grade oxide resource with strong g
Slide 5: Mexico: The Silver Powerhouse
5 Mexico T H E S I LV E R P O W E R H O U S E World’s leading silver producer, contributing 25% of global supply. Rich history with over 500 years of mining and over 13Boz in silver reserves. Mexico: A Global Leader in Silver Mining Mexico stands as the world’s leading silver producer, accounting fo
Slide 6: Investment Highlights
6 Investment Highlights 01 Exposure to Precious Metals Zacatecas Silver Corp. offers investors exposure to both silver and gold through its two main projects: the Zacatecas Silver Project and the Esperanza Gold Project. This diversification can be attractive in varying market conditions. Location in
Slide 7: Silver Project
7 Silver Project Intermediate and low sulphidation silver-gold-base metal vein systems – several never effectively drill tested.
Slide 8: Silver Project Inferred Mineral Resource Estimate
8 Silver Project Inferred Mineral Resource Estimate • Covers 7,826 ha (19,338 acres) of concessions hosting multiple silver-gold-base metal mineralized epithermal vein systems. • Over 10 km of largely untested vein strike. 2.7Mt at 187 g/t AgEq (171 g/t and 0.17 g/t Au) for 16.4 million ounces AgEq
Slide 9: Silver Deposits of the Sierra Madre Epithermal Belt
9 Silver Deposits of the Sierra Madre Epithermal Belt
Slide 10: Multiple Epithermal Vein Systems
10 Multiple Epithermal Vein Systems S E V E R A L L A R G E LY U N T E S T E D B Y D R I L L I N G The Panuco Vein System • Initial Inferred Mineral Resource Estimate of 2.7 million tonnes at 187 g/t AgEq (171 g/t Ag and 0.17 g/t Au) for 16.4 million ounces AgEq. • Robust exploration upside. The El
Slide 11: Panuco Vein System Inferred Mineral Resource Estimate
11 Panuco Vein System Inferred Mineral Resource Estimate Panuco Central Vein • Inferred Resource Estimate remains open at depth and along strike to 2.7Mt at 187 g/t AgEq (171 g/t and 0.17 g/t Au) for 16.4 million ounces AgEq the west. Comprised of: • Near-surface vein mineralization (to 200 m depth)
Slide 12: Panuco Vein System – 16.4 Moz AgEq Inferred Resource and Robust Upside
12 Panuco Vein System – 16.4 Moz AqEq. Inferred Resource Estimate and Robust Upside
Slide 13: Panuco North
13 Panuco North 751,000 mE 752,000 mE Unverified Historic Intercept of 2.09 m @ 1,309 g/t Ag and 0.14 g/t Au from 254.36 m downhole (PAN09-07) N 753,000 mE 0.93 m @ 162 g/t Aq Eq (142 g/t Ag and 0.26 g/t Au) N E W N E A R S U R FA C E D I S C O V E R Y from 142.84 m downhole (PAN2021-006) 1.83 m @ 2
Slide 14: El Cristo – Multiple Near Surface Intercepts
14 El Cristo – Multiple Near Surface Intercepts • Robust Silver Equivalent Grades over downhole widths of up to 9 m. • Drilling has targeted near surface mineralization in multiple veins. • Mineralization defined over strike length of almost 1.5 kilometers. • Mineralization is open along strike and
Slide 15: Esperanza
15 Esperanza Near-surface, low-risk bulk gold project with open-pit and heap leach potential.
Slide 16: Esperanza Measured & Indicated Resource Estimate
16 Esperanza Measured & Indicated Resource Estimate 956,000oz AuEq oz Au @ 0.97 g/t AuEq (30.538 Mt @ 0.93 g/t Au and 8.7 g/t Ag) Near Surface, Open-Pitable, Heap Leach Pit-Constrained Measured & Indicated Mineral Resource Estimate of 30.3 Mt at 0.97 g/t AuEq (0.92 g/t gold and 8.6 g/t • Near surfac
Slide 17: Esperanza Project Location
17 Esperanza Project Location
Slide 18: Global >1Moz AuEq Oxide Gold Development Projects
18 Global >1Moz AuEq Oxide Gold Development Projects Oxide M&I Resource Grade (g/t AuEq) 1.46 1.11 0.91 0.81 0.81 0.75 0.72 0.72 Average: 0.75 g/t AuEq 0.38 0.38 0.21 Coffee (NEM) Esperanza Camino Rojo DeLamar Amulsar Railroad Cerro del Enchi (NCAU) Fenix (RIO) Sleeper North (ZAC) (OLA) (TLR) (LYD)
Slide 19: Gold Mineralization is Near Surface
19 Gold Mineralization is Near Surface Heap Leach • Mineralization has simple morphology that wraps over the top of the feldspar porphyry. It is most likely amenable to standard open pit mining. Near Surface High Grade • Parts of the high-grade mineralization either crop-out at surface — or are very
Slide 20: Esperanza Deposit Geology and Upside
20 Esperanza Deposit Geology and Upside P ro l i fi c M e t al l o g e n i c Be l t • Located within the Sierra Madre del Sur metallogenic province. • Includes the prolific Guerrero Gold Belt, host to numerous significant gold-rich skarn deposits. De p o si t Ge o l o g y an d M i n e ral i zat i o
Slide 21: Robust Gold Exploration
21 NE SW Esperanza Skarn Deposit ( Resource Shell ) Robust Gold Exploration Planned Esperanza Pit Outline Veins Breccia Pipe Feldspar Porphyry High-Grade Deep Mineralization to West (Forms Skarn) • Resource modeling has defined a steeply dipping, high- Stockwork Feeder grade zone to the west of Feld
Slide 22: Additional Prospects within 14,337 Ha Concessions
22 6 Additional Prospects within 14,337 Ha Concessions in Addition to 5 Near Deposit Targets Coatetelco • 1,400 m by 500 m area of jasperoid and brecciated limestone with a coincident arsenic-antimony soil anomaly. Mercury Mines • Historical mine workings on quartz-cinnabar veins over a 300 by 150 m
Slide 23: Esperanza Transaction
23 Esperanza Transaction 2022 Total Consideration of TBD TBD the transaction was approximately US$60 million with most of the payments not made until significant steps towards commercial production are achieved. To Aquire 100% Future Milestone + Development Exploration + Development of the Project P
Slide 24: 2025 Guidance
24 2025 Guidance U P C O M I N G S P R I N G / S U M M E R 2 0 2 5 C ATA LY S T S ✓ De si g n Dri l l P l an fo r Si l ve r P ro je c t s COMPLETED Se c ure d ri l l c o n t rac t o r fo r 2 0 2 5 Dri l l i n g U N D E R W AY C o mmun i t y A c c e ss an d C o n sul t at i o n U N D E R W AY C o mme
Slide 25: Management
25 Management Eric Vanderleeuw – C h i e f E x e c u t i v e O f f i c e r & D i r e c t o r Nancy La Couvée – D i r e c t o r Eric brings deep capital markets experience, having helped facilitate over Nancy is a governance expert with 25+ years in the resource sector. As $100M in financings for ven
Slide 26: Capital Structure
26 Capital Structure A S AT F E B R U A R Y 1 9 , 2 0 2 5 146M 22M 8.8M 5M 182M SHARES OUTSTANDING WARRANTS* OPTIONS** RSUS EXP. 20-JAN-28 ISSUED & OUTSTANDING Large shareholders in the company include Alamos Gold. *WARRANTS: 1,155,000 @ $0.05 [EXP. 11-FEB-26], 13,365,375 @ $0.15 [EXP. 13-FEB-26], A
Slide 27: Why Invest
27 Why Invest 1 High-Grade Silver and Gold Discovery Potential High exploration potential for high-grade, silver-dominant mineralization with strong potential to significantly expand current resource. 2 Located in a World-Class Mining Jurisdiction Mexico is the world’s largest silver producer, offer
Slide 28: Contact Us
28 Contact Us INVESTOR RELATIONS info@zacatecassilver.com ADDRESS 488-1090 West Georgia St Vancouver, BC Canada V6E 3V7 zacatecassilver.com