Thackeray Mines and Minerals Inc. to Spend USD $2.35 Million on Drilling at Piacoa Project, Venezuela

Thackeray Mines and Minerals Inc. have announced their commitment to spend USD $2.35 million on test drilling program at their newest project in Piacoa, Bolívar State, Venezuela which the company have only owned since last year.

The drill program, which has already received the required permits, has been scheduled to start in the third quarter of this year and will comprise of 83 test holes, over an area of 3 square kilometers at the eastern extremes of the project.

"Organic growth, at all of our projects from drilling, plays a huge part in the expansion story attributed to Thackeray Mines and Minerals' success. It is programs such as this that we look upon with enormous positivity as we know we have only scratched the surface at this project," explained Mr. Anton Windsor, Chief Operations Director at Thackeray Mines & Minerals Inc.

According to Mr. Anton Windsor, Thackeray Mines and Minerals Inc. were already identifying the next area of the project to undertake their next drill program. This decision will be made once these 83 test holes have been evaluated to help determine a more specific targeted area.

The Piacoa project in Bolívar State, Venezuela was initially estimated by the company to have a production capacity in excess of USD $7 million over the next 2 years although this figure is expected to increase considerably if drill tests confirm the ground sonar imaging results performed by the company's geologists.

Dr. Barry Seabrook, Chief Geologist at Thackeray Mines & Minerals Inc. advised, "We are extremely focused on achieving high-grade test analysis from this drill program as we have already identified the main areas of interest through our ground sonar results. We anticipate the initial test drill results will be available before year-end which will make for a busy year in 2026."