Prince Silver Corp Reports Broad Silver Intersections
News related to:Prince Silver Corp · 3 min read
Prince Silver Corp., a mineral exploration company advancing its flagship Prince Silver Project in Nevada, USA, has reported significant silver-polymetallic intersections from recent reverse circulation ("RC") drilling. The latest results, from nine holes, include two near-surface intersections that are among the broadest and most substantial delivered by the company to date.
The most notable of these is drill hole PRC-59, which intersected 47.24 metres at 68.17 g/t silver (119.13 g/t silver equivalent) and 36.58 metres at 86.30 g/t silver (146.27 g/t silver equivalent) within the Lyndon Limestone near historical mine workings. These intersections, particularly PRC-59, highlight the scale and continuity of mineralization at the Prince Silver Project and underscore the potential for significant mineralization beyond the historical workings.
Another important intersection comes from drill hole PRC-60, which intersected 36.58 metres at 86.30 g/t silver (146.27 g/t silver equivalent) and 16.76 metres at 85.98 g/t silver (115.69 g/t silver equivalent) in the Combined Metals Bed, including 1.52 metres at 347.00 g/t silver (365.87 g/t silver equivalent). These results add important current drill data to the company's geological model as it advances toward a maiden mineral resource estimate.
The latest drilling continues to intersect substantial silver-polymetallic mineralization across multiple prospective horizons, including the Lyndon Limestone, Pioche Shales, and Combined Metals Bed. These results provide assay and geological data near historical mine workings, allowing for comparison with historical mine plans and underground records.
PRC-60, for instance, intersected the Combined Metals Bed near two historical underground holes, estimated to be within 26 and 38 metres from the PRC-60 intersection. This intersection allows the company to compare zone continuity and assays with the historical records and assess the historical holes for possible use in the maiden resource estimate.
The company's exploration efforts have been ongoing, with 41 holes totaling 11,251 metres of drilling completed in its ongoing RC program at Prince. The latest results from PRC-59, PRC-60, and other holes provide valuable data to refine the geological model and build confidence in the technical foundation for a maiden mineral resource estimate targeted for early 2027.
Drilling Interpretation The Lyndon Limestone intervals in PRC-59 and PRC-60 are wider than the Company's previously reported 27.43 metres grading 93.7 g/t silver in PRC-45. These broad intersections show meaningful mineralization remains in the tested ground near historical workings. Their assays and geological observations add control to the interpretation of this horizon and allow comparison with historical mine plans.
PRC-60 also intersected the Combined Metals Bed near two Prince 835-level historical underground holes, estimated to be within 26 and 38 metres from the PRC-60 intersection. This intersection allows the Company to compare zone continuity and assays with the underground records and assess the historical holes for possible use in the maiden resource estimate.
PRC-51 through PRC-55, PRC-57 and PRC-58 add data from the Combined Metals Bed and Pioche Shales units. The repeated zone picks align with the historical interpretation of stacked replacement horizons in a faulted corridor. The new assays and geological observations help correlate those horizons with historical drill hole logs and mine plans and confirm how local faulting affects their relative positions.
The Company and its independent resource consultants are incorporating these observations and data into the geological model as historical information is validated. These correlations will help confirm mineralized domains for a maiden NI 43-101 mineral resource estimate targeted for early 2027. No mineral resource has yet been established for Prince.
Significant New Drill Intervals Table 1 presents the significant intervals from PRC-51 through PRC-60, including shorter intervals within broader intersections and the outcome of PRC-56. Depths and lengths are downhole measurements.
Drilling and Resource Work PRC-56 did not reach its target depth; however, PRC-65 was drilled as a replacement hole and was recently completed. Assays for holes PRC-61 through PRC-65 are currently pending.
PRC-59 was terminated at 158.5 metres after technical difficulties, before reaching the deeper Combined Metals Bed target. It nonetheless intersected 47.24 metres grading 68.2 g/t silver, 9.57% manganese, 2.40% zinc, 1.95% lead, and 0.26 g/t gold in the Lyndon Limestone, one of the broadest mineralized intervals in the current program. These results provide assay and geological data near historical mine workings.
PRC-61 and PRC-62 were drilled as twins of 2012 historical holes PRC-10 and PRC-17, respectively. Once assays are reviewed, comparisons of geology, mineralized interval positions, and grades will help assess the historical drilling database for possible use in the maiden resource estimate.
Drill Hole Collar Information Table 2 summarizes the collar coordinates and orientations of the nine assayed holes and abandoned PRC-56. Coordinates are NAD83 UTM Zone 11N. Final collar information is subject to qualified person verification.