Northwire Canada EditionSunday, July 12, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

First Andes Delineates >1.2-km-Long Gold-in-Soil Anomaly, Santas Gloria Project, Peru

First Andes Delineates Gold Anomaly at Santas Gloria; Shares Consolidate

By The Northwire Desk — AI Analysis May 14, 2026 · 07:31 FAS · 0.12 First Andes Silver Ltd.
Executive Summary
  • First Andes Silver delineated a continuous, 1.2-kilometre-long gold-in-soil anomaly at the Santas Gloria Project in Peru on May 14, 2026.
  • The anomaly features a high-grade gold core ranging from >0.1 to >0.6 ppm Au along the Kelly-Eulalia trend.
  • Six discrete silver-in-soil anomalies were also identified during Phase 1 sampling.
  • Geochemical alteration analysis indicates sericitic and localized potassic alteration spatially related to mapped epithermal veins.
  • The anomaly remains open along strike, suggesting a broader structural corridor rather than a single vein.
  • Phase 2 soil sampling is commencing in May targeting southern veins for property-wide coverage.
Material Impact
  • The news confirms the multi-element potential (Gold + Silver) of the Santas Gloria system but remains at the geochemical stage, preceding drilling.
  • This follows the March 2026 silver-in-soil results and fits within the systematic exploration program announced in late 2025/early 2026.
  • While positive, soil anomalies are incremental data points compared to drill intercepts or resource estimates; they do not yet confirm mineralization at depth.
  • The market has already priced in the exploration momentum through recent financings and community agreements secured in April 2026.
  • No new financing or major M&A is announced with this release, limiting immediate capital impact.
  • Categorization as Routine - Positive reflects that this validates the existing thesis without fundamentally altering the risk/reward profile significantly compared to drill results.
FAS · Price
Company Overview
  • First Andes Silver Ltd. is an exploration company focused on silver-gold base metal systems in Peru and Australia.
  • Flagship Project: Santas Gloria, located 55 km east of Lima, Peru (100% owned).
  • Project Type: Intermediate-sulphidation epithermal vein system with >12 km of mapped veins at surface.
  • Status: Exploration phase; first drilling commenced in 2024, ongoing 2025-2026 programs targeting deeper sulphide zones.
  • Secondary Assets: Three silver-gold projects acquired in New South Wales, Australia (Carrington, Stony Creek, Dartmoor) totaling ~454 km².
Read the original news release →

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