Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

First Andes Silver Reports Final Drilling Assays, Santas Gloria Project, Peru

By The Northwire Desk — AI Analysis Sep 16, 2025 · 07:31 FAS · 0.1 First Andes Silver Ltd.
FAS · Price

Executive Summary

  • First Andes Silver released remaining assay results from its 2,000 m drill program at the Santas Gloria Project, highlighting strong silver‑equivalent grades across 11 of 14 holes in the San Jorge Vein.
  • Multiple high‑grade intercepts were reported, including up to 596.6 g/t AgEq (493.8 g/t Ag) over 0.5 m and several other intervals exceeding 200 g/t AgEq.
  • The company plans a follow‑up drilling phase with new collar locations to better test the deep sulphide zone and additional veins (Tembladera, Kelly) across the property.

Key Details

  • Assay Highlights – Hole SG027: 167.1 g/t AgEq (152.9 g/t Ag, 0.05 g/t Au, 0.13 % Pb, 0.19 % Zn) over 4.80 m from 89.0 m; 276.9 g/t AgEq (252.2 g/t Ag, 0.05 g/t Au, 0.29 % Pb, 0.35 % Zn) over 0.60 m from 91.40 m.
  • Assay Highlights – Hole SG024: 238.8 g/t AgEq (190.5 g/t Ag, 0.08 g/t Au, 0.65 % Pb, 0.77 % Zn) over 1.90 m from 231.70 m; 596.6 g/t AgEq (493.8 g/t Ag, 0.14 g/t Au, 0.19 % Pb, 1.41 % Zn) over 0.50 m from 231.7 m.
  • Assay Highlights – Hole SG023: 222.6 g/t AgEq (159.9 g/t Ag, 0.22 g/t Au, 0.42 % Pb, 0.97 % Zn) over 1.70 m from 172.00 m; 410.3 g/t AgEq (325.6 g/t Ag, 0.31 g/t Au, 0.73 % Pb, 1.20 % Zn) over 0.50 m from 172.00 m.
  • Assay Highlights – Hole SG026: 121.3 g/t AgEq (107.0 g/t Ag, 0.04 g/t Au, 0.17 % Pb, 0.20 % Zn) over 2.70 m from 76.10 m; 239.8 g/t AgEq (214.5 g/t Ag, 0.04 g/t Au, 0.31 % Pb, 0.42 % Zn) over 0.70 m from 76.90 m; 226.3 g/t AgEq (210.3 g/t Ag, 0.05 g/t Au, 0.14 % Pb, 0.24 % Zn) over 0.80 m from 86.80 m.
  • Overall Program: 14 holes drilled; significant silver‑base metal intercepts in 11 holes; assays confirm a robust, oxidized horizon overlaying a preserved sulphide‑rich system with depth potential.
  • Geological Insight: Modeling shows vein flexure to a steep northerly dip; future drilling will use larger step‑outs southward and new collars north/south to achieve down‑dip angles for deeper testing.
  • Future Drilling Plans: Establish new drill pads to target the sulphide zone beneath the oxide horizon; also target high‑grade Tembladera Vein, undrilled Kelly Vein, and other epithermal systems across the property.
  • QA/QC: Core split‑sampling sent to AHK Group (Lima) with ISO/IEC 17025 & ISO 9001 compliance; all batches passed QA/QC tolerances; core recovery >90 %.
  • Qualified Person: Dr. Christopher Wilson, Ph.D., Chief Geologist and Qualified Person under NI 43‑101, reviewed and approved the technical information.

Notable Quotes

“The final set of assays from San Jorge continues to validate the strength of this system… indicating significant depth potential and providing key vectors for future drilling.” – Colin Smith, CEO & Director

All assay values are reported as Ag‑equivalent (AgEq) using metal prices of $28/oz Ag, $2,500/oz Au, $2,100/t Pb, $2,900/t Zn and the recoveries noted in the release.

Read the original news release →

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Financings