Silver X Defines High-Grade Mineralization at Red Silver: Underground Channel Sampling Includes Averages of 735 g/t Ag Over 65 metres and 649 g/t Ag Over 40 metres. Announces 1,200-Metre Drill Program to Test Continuity
High-Grade Discovery at Red Silver Validates District Potential as Operational Ramp-up Collides with Heavy Capex Requirements.
On January 13, 2026, Silver X announced high-grade silver results from underground channel sampling at the Red Silver prospect within the Nueva Recuperada property in Peru. Key results include: - Silvia Vein: 735 g/t Ag over 65 metres and 649 g/t Ag over 40 metres. - Rossana Vein: 497 g/t Ag over 35 metres and 396 g/t Ag over 45 metres. The company is initiating a 1,200-metre, 15-hole underground diamond drill program to test the vertical and lateral continuity of these mineralized shoots. This follows a January 8, 2026, update reporting Q4 2025 production growth, with processed tonnage up 24% and silver equivalent (AgEq) production up 17% quarter-over-quarter.
The news is Material - Positive for three reasons: - Grade and Continuity: Sampling 735 g/t Ag over a 65-metre strike length is exceptional for a narrow-vein system and suggests high-grade "sweet spots" that can significantly boost the head grade of the Recuperada plant. - Resource Validation: These results support the assumptions made in the September 2024 PEA, which envisions a district-scale operation. Red Silver is a satellite target; proving it can provide high-grade feed increases confidence in the 14-year mine life. - Operational Momentum: Coming just five days after a positive production update, this news suggests the company is successfully transitioning from a "survival" mode (seen in early 2025) to an "aggressive exploration" mode.
However, from a risk-averse perspective, channel samples are not drill results. They are surface/face expressions and do not guarantee volume. The 1,200-metre drill program is the necessary next step to prove these grades extend to depth.
Silver X is a silver-focused producer in Central Peru. Its flagship is the 20,795-hectare Nueva Recuperada Silver District. - Current Status: Producing from the Tangana Mining Unit (approx. 600-720 tpd capacity). - Strategy: The "District Scale" play. They aim to consolidate numerous historic mines (Plata, Red Silver, Tangana) into a centralized processing hub. - PEA Target: 3,000 tpd processing capacity producing >6 Moz AgEq annually with a 14-year mine life and $440M after-tax NPV.