Northwire Canada EditionThursday, November 5, 2026
Northwire
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Gold 4,132.40 +1.5% Silver 52.89 +1.2% Copper 6.44 +0.1% Oil 89.77 +1.9% Palladium 1,058.25 +5.5% DYG 0.085 +0.0% GAL 0.355 +0.0% MLP 1.55 +0.0% TECK 89.94 +0.0% GUN 0.700 +0.0% BNKR 2.87 +0.0% RUA 1.12 +0.0% FAS 0.075 +0.0% PEMC 0.035 +0.0% STND 0.060 +0.0% SIG 0.835 +0.0% AUGC 0.300 +0.0% MGG 0.253 +0.0% BBB 0.530 +0.0% BEX 0.070 +0.0% MEK 0.040 +0.0% Gold 4,132.40 +1.5% Silver 52.89 +1.2% Copper 6.44 +0.1% Oil 89.77 +1.9% Palladium 1,058.25 +5.5% DYG 0.085 +0.0% GAL 0.355 +0.0% MLP 1.55 +0.0% TECK 89.94 +0.0% GUN 0.700 +0.0% BNKR 2.87 +0.0% RUA 1.12 +0.0% FAS 0.075 +0.0% PEMC 0.035 +0.0% STND 0.060 +0.0% SIG 0.835 +0.0% AUGC 0.300 +0.0% MGG 0.253 +0.0% BBB 0.530 +0.0% BEX 0.070 +0.0% MEK 0.040 +0.0%
Drill Results Routine +

First Andes Commences Phase 2 Soil Sampling over Large Hydrothermal Alteration System at Santas Gloria, Peru

First Andes begins phase 2 soil sampling at Santas Gloria, targeting a large hydrothermal alteration system.

Executive Summary

First Andes Silver Ltd. has commenced Phase 2 soil sampling at its 100%-owned Santas Gloria Project in Peru. The program involves collecting approximately 1,615 soil samples across a 1.3 km x 2 km hydrothermal alteration system identified via WorldView-3 spectral mapping. The sampling covers the southern portion of the property, including the Tembladera, San Jorge, and adjacent epithermal vein corridors. This phase builds on Phase 1 results, reported in March 2026, which delineated significant silver and gold anomalies across multiple vein systems. Samples are being analyzed by ALS Peru using multi-element ICP methods. Final results and target rankings for future drilling will follow QA/QC completion.

Material Impact

First Andes Silver Ltd. (FAS) has advanced its systematic exploration program with the execution of Phase 2 soil sampling, a planned step following the successful completion of Phase 1 and the identification of an alteration cell via WorldView-3 data in January 2026. The on-schedule execution of the program demonstrates operational discipline as the company refines drill targets for the planned 3,000-meter Phase 3/4 drilling campaign. The announcement is consistent with the company's stated exploration timeline and does not introduce new data or unexpected catalysts.

FAS · Price
Company Overview

First Andes Silver Ltd. (FAS) is a pre-revenue exploration company advancing high-grade silver projects in Peru and Australia. Its flagship Santas Gloria project is located 55 km east of Lima, Peru, and hosts 23 mapped intermediate-sulphidation epithermal veins totaling over 12 km of strike length. The project has never been systematically explored using modern techniques until 2025/2026.

Recent drilling conducted between 2024 and 2025 returned high-grade silver intercepts, including 7.43m at 224 g/t AgEq at San Jorge. The company also holds secondary assets consisting of three acquired projects in New South Wales, Australia—Carrington, Stony Creek, and Dartmoor—covering 454 km² and focusing on early-stage target generation.

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