21:28:43 EST Tue 25 Nov 2025
Enter Symbol
or Name
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Surface Metals Inc
Symbol SUR
Shares Issued 43,759,245
Close 2025-11-25 C$ 0.28
Market Cap C$ 12,252,589
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Surface Metals plans drill program for Cimarron in 2026

2025-11-25 18:18 ET - News Release

Mr. Steve Hanson reports

SURFACE METALS INC. CONFIRMS OPEN MINERALIZATION AND EXPANSION POTENTIAL AT CIMARRON GOLD PROJECT, NEVADA

Surface Metals Inc. has completed a comprehensive historical drill database compilation and review for its Cimarron gold project in Nye county, Nevada. The study confirms substantial exploration upside, with multiple mineralized zones remaining open along strike and at depth.

The validated and digitized database includes 234 historical drill holes totalling approximately 18,066 metres. Nearly 30 per cent of these primarily shallow holes terminate within mineralization, underscoring the potential for expansion through deeper drilling. Significant intercepts include 32.01 metres grading 2.23 grams per tonne gold and 56.39 metres grading 0.52 g/t Au, outside of the boundaries of the approximately 50,000-ounce-gold resource estimate (non-National Instrument 43-101 compliant, Budge Mining Ltd., 1987). The limited drilling also shows the gold system is open directionally along strike, with indications that the three main isolated zones merge at depth.

"Our review demonstrates that the gold system at Cimarron has not been fully tested. The combination of shallow historical drilling and open trends presents a compelling opportunity to expand the known gold mineralization," stated Steve Hanson, president and chief executive officer.

Surface Metals plans to initiate a maiden drill program in 2026 targeting high-priority zones identified in the 3-D modelling of historical drilling. The objective of the program is to increase the historical resource estimate and advance Cimarron toward economic viability for an open-pit, heap leach operation.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Douglas Murray, PGeo. Mr. Murray is member of Engineers and Geoscientists British Columbia and a qualified person as defined by National Instrument 43-101.

About Surface Metals Inc.

Surface Metals is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, United States, and Manitoba, Canada. The company's Cimarron gold project is located in Nye county, Nevada, in a historically productive gold district. Surface's Clayton Valley lithium brine project hosts an inferred resource of approximately 302,900 tonnes lithium carbonate equivalent adjacent to Albemarle's Silver Peak mine. Surface Metals is also advancing lithium projects in Fish Lake Valley, Nevada, and through a joint venture with Snow Lake Energy in southeastern Manitoba.

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