Prince Silver updates drilling at Prince Project, Nevada
Prince Silver Corp. [CSE: PRNC; OTCQB: PRNCF; FSE: T130] provided the following progress update on its 2025 reverse-circulation (RC) drilling campaign at the Prince Silver Project in Lincoln County, Nevada, located approximately 3 km southwest of the historic mining town of Pioche. The program is advancing well, with eight RC drill holes now completed and the first set of assay results expected in early 2026.
The fully funded 2025 drill program comprises approximately 30 planned RC holes totaling 21,000 feet (6,500 metres). Current drilling is focused on evaluating near-surface (less than 300 metres), carbonate replacement (CRD) silver-gold-manganese and base metal mineralization, and sediment-hosted gold-silver zones along a 3,500-foot (~1,070 metres) structural corridor that ranges in width from 600 to 1,200 feet (~180-360 metres). Mineralization at the project remains open in all directions within shallow zones presenting open-pit mining potential.
The Pioche mining district is one of Nevada’s most well-known polymetallic camps, and historical records highlight the importance of the past producing Prince Mine within the camp. Previous production from the historic Prince Mine totaled 1.12 million tonnes grading 4.5% zinc, 100 g/t silver, 2.8% lead, and 0.5 g/t gold, (Gemmill, 1970), mined from underground high-grade sulphide replacement zones within limestone and near-surface oxidized manganese-rich material.
Derek Iwanaka, CEOof Prince Silver, commented: “This is the largest modern drill program undertaken at the Prince Project since historical drilling in 2012, and thus far we are very encouraged by the geological indicators we are seeing across the completed holes. With independent laboratory assaying for six holes now underway, we anticipate entering an interesting period of news flow for the company in the coming year.
“Results are expected to provide critical insight into the scale and continuity of mineralization across the ‘Exploration Target’, as defined below and, across the broader mineralized system helping to shape the next phase of drilling, with the objective of incorporating the new data into an initial NI 43-101 compliant mineral resource estimate. We believe Prince is just beginning to demonstrate its potential as a significant silver-gold-manganese (polymetallic) exploration asset in Nevada.”
Historical drilling at the Prince Project identified an exploration target as outlined in an independent report prepared following JORC guidelines by OmniGeoX Exploration Consultants of Perth, Australia, based on historical surface and underground drilling. The Exploration Target was based on 129 historic drill holes drilled through mineralized carbonate replacement beds and host Pioche Shale up to 300 metres in depth. Mineralized polymetallic intersections based on historical block modelling suggest the immediate Exploration Target is between 25-43Mt with grades ranging from 1.44-1.57% Zn, 0.78-0.87% Pb, 0.28-0.40 g/t Au, 37-40 g/t Ag and 3.62-4.30% Mn.
Previous drilling has documented substantial mineralized thicknesses at Prince, including CRD zones up to 370 feet (~112 metres) and sediment-hosted gold-silver mineralization up to 160 feet (~49 metres). The ongoing program is designed to infill drill to reduce drill spacing between historic drill holes testing known mineralized zones continuity and through step out drilling to test potential expansion of the known mineralized system using modern sampling, logging, and analytical procedures.
Continuous 5-foot (~1.5-metre) RC chip samples were collected from each hole, and all intervals were logged by a company geologist under the supervision of a Registered Professional Geologist. Approximately 100 samples per hole were collected from mineralized zones for assaying, representing roughly 500 feet (~152 metres) of assayed drill cuttings. Samples selected for assaying were based on mineralization and alteration.
With drilling and analytical work well underway, Prince Silver is expecting to enter a more news catalyst-rich period in 2026. The pending assay results represent the first major modern dataset generated at the Prince Project and are expected to refine geological models, guide follow-up targeting, and help evaluate extensions of both the CRD and sediment-hosted systems.
Prince Silver is advancing its flagship Prince Silver Project in Nevada, featuring a near-surface, historically drilled deposit that remains open in all directions. The company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest, highlighting Prince Silver’s focus on high-potential, strategically located exploration assets.