Northwire Canada EditionSaturday, September 19, 2026
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GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Drill Results Routine +

Silver X Intersects 40.71 m True Width at 98.7 g/t AgEq (69.53 g/t Ag, 0.87% Pb, 0.28% Zn) at Blenda Rubia, Including 4.12 m of 274.5 g/t AgEq

Silver X Confirms Broad Silver Corridor at Blenda Rubia, Sustaining Production Ramp Momentum

By The Northwire Desk — AI Analysis Jun 02, 2026 · 07:35 AGX · 0.81 Silver X Mining Corp.
Executive Summary
  • Silver X Mining Corp. reported underground diamond drill results from hole DDH-BR-016 at the Blenda Rubia target within its Nueva Recuperada Unit in Peru.
  • The hole intersected a broad 104.20m apparent width (40.71m estimated true width) interval grading 69.53 g/t Ag, 0.87% Pb, 0.28% Zn, and 0.02% Cu (98.7 g/t AgEq).
  • Internal high-grade veins within the interval include 4.12m at 274.5 g/t AgEq and 2.64m at 172.1 g/t AgEq.
  • Results confirm down-dip continuity of a broader polymetallic mineralized corridor approximately 60 meters below historic workings, supporting the potential for wider mining fronts and scalable production growth toward a target of ~6 million silver-equivalent ounces annually.
  • Mineralization is interpreted as a broad structural corridor rather than discrete veins, comprising principal veins, tensional structures, veinlet stockworks, and altered host rock.
  • Next steps include continuing surface drilling, initiating underground rehabilitation for drill chambers, defining western continuity via underground drilling, and integrating data into geological models for mine planning.
Material Impact
  • The drilling results are consistent with previous wide intercepts reported in January and April 2026 (DDH-BR-003, BR-005, BR-009), confirming that the broad mineralized widths at Blenda Rubia are not isolated anomalies.
  • This is an expected follow-up to the company's 40,000-meter diamond drill program announced in October 2025.
  • While the results are technically positive and support the long-term vision of a district-scale operation, they do not introduce fundamentally new geological surprises or alter the near-term production timeline.
  • The news reinforces the feasibility of bulk-style mining at Blenda Rubia, which could serve as a low-cost feed source for the existing processing plant, but it is classified as routine exploration progress rather than a market-moving catalyst.
AGX · Price
Company Overview
  • Silver X Mining Corp. is a precious metals producer and developer focused on the Nueva Recuperada Silver District in Huancavelica, Peru.
  • The flagship project encompasses a 20,000+ hectare land package with over 200 exploration targets, including the Tangana Mining Unit (current production hub), Plata Mining Unit, and satellite deposits like Blenda Rubia and Red Silver.
  • The company is executing a dual-mine, dual-milling strategy aimed at scaling to 3,000 tpd and producing approximately 6 million silver-equivalent ounces annually by 2029.
  • A Preliminary Economic Assessment (PEA) filed in September 2025 projects a 14-year mine life with an after-tax NPV of $439 million (5% discount), an IRR of 69%, and a payback period of 3.0 years.
  • Initial capital expenditure is estimated at $82 million, with long-life cash costs of $11.8 per AgEq ounce and AISC of $15.8 per AgEq ounce.
Read the original news release →

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