Anacortes Mining Corp. announced drill results for drill holes ATC-502 and ATC-504 from the Tres Cruces Phase 1 drill program. These represent the next two of 22 planned drill holes at its Tres Cruces gold project in the prolific Quiruvilca Mining District in northern Perú.

Hole ATC-502 was a definition hole drilled with the objective of defining limits of gold mineralization on the outskirts of the known oxide pit, confirming lithology, alteration, and metallurgical material type from the surrounding reverse circulation drill holes. ATC-502 was drilled to a final depth of 120.0 metres and intersected three separate gold intervals[1] tabulated in the Drill Results Table below. AC-502 successfully fulfilled the objective confirming the gold grade, mineralization limits, and geologic characteristics.

Drill hole ATC-504 returned 142.90 meters of 1.43 g/t gold from 40.50 meters downhole and discovered a new zone outside the existing sulphide resource, returning 39.40 meters of 1.45 g/t gold from 194.20 meters downhole. ATC-504 (located approximately 400 m south of previously announced Hole ATC-501) was drilled to confirm gold grade, lithology, alteration, and metallurgical material type reported in diamond core drill hole DTC-267. Notably, the upper zone of ATC-504 (142.90m of 1.43 g/t gold from 40.50m downhole) significantly exceeded both the grade and intercept thickness previously reported in DTC-267 (98.2 meters grading 0.89 g/t).

The lower intercept of ATC-504 (39.40m of 1.45 g/t gold from 194.20m downhole) is a newly discovered zone and indicates the potential for extensive mineralization outside of the existing resource estimate. included in any resource estimates. The core from these holes has been shipped to the Plenge Metallurgical Lab in Lima where they will be subject to testing to support the planned Feasibility Study on the oxide resource at Tres Cruces.

Drilling is on hiatus at the moment, but will recommence in due course and will continue throughout the fall. The Company will remain well funded after the completion of the Phase 1 drill program.