Titiminas Silver Reports High-Grade Mineralization from First Channel Sampling Program and Identifies New Mineralized Episodes at the Madre Sierra Project, Peru

The most recent release dated 2026-04-29 announces high-grade mineralization results from the first channel sampling program at the Madre Sierra Project in Peru. Key highlights include: - Confirmation of Ag-Pb-Zn mineralization at the Titiminas CRD (Carbonate Replacement Deposit) with over 500m of existing underground development. - Identification of a new Ag-Cu-Au vein system in the "Madre Sierra Norte" zone across 10 distinct structures. - Definition of a ~5 km contact zone vectoring toward a potential Cu-Mo porphyry target at depth. - Specific high-grade intercepts include Trench 4633 (8.20 m @ 7.69 oz/t Ag, 10.18% Pb, 18.46% Zn) and underground declines showing up to 28.55 oz/t Ag and 30% Pb. - This follows a series of operational updates in April 2026 regarding community agreements (Yauli extended to 2032, Jajachaca secured), mine rehabilitation (Level 4365), and a significant financing round (~$19.7M total).

• Validation of Thesis: The company recently completed a business combination and raised approximately $19.7 million in April 2026 to fund exploration and development. This news provides the first hard technical data since that capital raise, validating the use of funds.
• Grade Quality: The reported grades (e.g., 30% Zn, 18% Pb, high oz/t Ag) are economically significant for a junior explorer and suggest the project has higher-grade potential than typical bulk-tonnage targets. This supports the "high-grade" narrative used to attract investors during the financing.
• Price Context: The stock price has declined from the $1.75 financing price (April 2026) to $1.45 by April 28, 2026 (-17%). This news serves as a critical catalyst to arrest this decline and re-rate the company based on asset quality rather than corporate structure.
• Risk Mitigation: The identification of multiple mineralized systems (CRD, Veins, Porphyry vector) reduces single-point failure risk compared to a project with only one target type.
• Limitations: These are channel sampling results, not drill core. While indicative, they do not constitute a resource estimate yet. The market may require drilling confirmation before assigning significant value.

• Company: Titiminas Silver Inc. (formerly 1317202 B.C. Ltd.). A junior mining explorer focused on Peru.
• Flagship Project: Madre Sierra Project, located in the Yauli district of Peru.
  • Geology: Carbonate Replacement Deposit (CRD) style Ag-Pb-Zn mineralization with potential for polymetallic veins and Cu-Mo porphyry at depth.
  • Status: Past-producing mine with over 500m of existing underground development. Currently in exploration/rehabilitation phase following business combination.
• Other Assets: Janchiscocha Molybdenum Mine (historic, now accessible via community agreement).