Americas Gold and Silver Corporation announced strong exploration results at its Galena Complex, highlighting the identification of a high-grade upper extension of the 149 Vein. Recent early-stage drilling on the 4300 Level revealed extraordinary intercepts, including 24,913 g/t silver and 16.9% copper over 0.21 meters.
This extension demonstrates nearly 120 meters of vertical continuity above the current mining level, with ongoing drilling to further infill and expand the vein. The 149 Vein is already a high-performing area, currently producing 600-700 tons per cut averaging 700-950 silver g/t and 0.6-0.7% copper, and is under review for long hole open stoping.
The company also reported that its previously announced share consolidation has been effected, with articles of amendment filed on August 21, 2025. Trading on a post-consolidation basis is expected to commence on August 26, 2025, reducing outstanding common shares from approximately 679 million to 271 million. This strategic move aims to strengthen the capital structure and attract institutional investors.
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