First Andes Silver Provides Exploration Program Update, Santas Gloria Project, Peru
First Andes Silver executes exploration efficiently, setting stage for deeper drill targets.
The most recent news release from December 8, 2025, provides an update on First Andes Silver's systematic property-wide exploration program at its 100%-owned Santas Gloria Project in Peru. The company announced the successful completion of Phase 1 soil sampling, with 1,037 samples collected, ahead of schedule and under budget. Additionally, WorldView-3 satellite data acquisition was successfully completed with a "100% clean capture" and is now undergoing processing. A 15kg core sample has been submitted for metallurgical testwork. Phase 2 soil sampling is scheduled to commence after the wet season, approximately in March. CEO Colin Smith highlighted the strong position this puts the company in for the next phase of work, integrating the new data to refine future exploration targeting.
This news is a routine positive development for First Andes Silver. It demonstrates competent execution of its stated exploration plan, specifically completing Phase 1 soil sampling ahead of schedule and under budget. This efficiency and successful data acquisition (WorldView-3 satellite data) are good operational indicators for an exploration company, suggesting prudent management of resources. The submission of a core sample for metallurgical testwork is also a standard, positive step in advancing a project.
However, the news does not contain any new drill results, resource estimates, or significant financial milestones that would materially change the company's valuation or investment thesis in the short term. It is an update on early-stage exploration activities, confirming that the company is progressing as planned with its systematic approach to vectoring in on potential high-grade mineralization. While positive, it lacks the "game-changer" elements such as new high-grade intercepts or significant strategic investments. The stock price has seen an upward trend recently, moving from $0.06 to $0.11 between late November and early December, which could be attributed to anticipation of these updates and broader market sentiment, rather than this specific news alone. The stock closed at $0.11 on December 5, prior to this news, and there is no price data for December 8.
First Andes Silver Ltd. is a Canadian mineral exploration company focused on its 100%-owned Santas Gloria Project in Peru. The project, located approximately 55 kilometers east of Lima, consists of three mineral concessions totaling 1,100 hectares. Santas Gloria is described as a high-grade, underexplored intermediate sulphidation epithermal silver district. It hosts numerous mapped epithermal veins, including the San Jorge, Tembladera, and Kelly veins, which collectively represent over 12 kilometers of strike length. Prior to 2024, the project had not been systematically explored using modern techniques such as soil geochemistry, ground geophysics (IP), and high-resolution spectral alteration mineral mapping.
The company's primary objective is to define and expand the high-grade silver, gold, and base metal mineralization at Santas Gloria. Initial drill programs in 2024 and 2025 successfully intercepted high-grade mineralization, particularly on the San Jorge vein, confirming the presence of a robust, sulphide-rich system at depth. Current exploration efforts are focused on systematic, property-wide work, including soil sampling, satellite data analysis, and geophysical surveys, to refine future drill targets and unlock the broader district potential.