Northwire Canada EditionMonday, September 14, 2026
Northwire
GOLD 4352.90 −1.3% SILVER 64.19 −1.5% COPPER 6.41 −2.1% OIL 101.54 +1.5% PALLADIUM 1301.75 −1.7% GCN 0.030 −14.3% RIO 3.58 −0.3% EVI 0.450 +7.1% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.24 +1.8% UCU 2.57 +2.0% LME 0.145 −3.3% MKO 13.80 −1.1% VOXR 8.01 +0.2% ETL 1.04 +1.0% FISH 5.79 +0.0% VRB 0.085 +0.0% DCOP 0.105 +10.5% RYR 0.210 +10.5% BRC 1.19 +0.4% GOLD 4352.90 −1.3% SILVER 64.19 −1.5% COPPER 6.41 −2.1% OIL 101.54 +1.5% PALLADIUM 1301.75 −1.7% GCN 0.030 −14.3% RIO 3.58 −0.3% EVI 0.450 +7.1% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.24 +1.8% UCU 2.57 +2.0% LME 0.145 −3.3% MKO 13.80 −1.1% VOXR 8.01 +0.2% ETL 1.04 +1.0% FISH 5.79 +0.0% VRB 0.085 +0.0% DCOP 0.105 +10.5% RYR 0.210 +10.5% BRC 1.19 +0.4%
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

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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