Drill Results
Cdn Silver Hunter signs EC1, ES1 stockpile access deals
Canadian Silver Hunter Advances Stockpile Reprocessing Strategy with Binding Access Deals and High-Grade Grab Assays in Michoacán
Executive Summary
- Canadian Silver Hunter Inc. (AGH) announced the signing of exclusive, binding five-year agreements to access surface stockpiles on its EC1 and ES1 properties in Michoacán, Mexico.
- The company secured rights to remove and process polymetallic material for a per-tonne fee, advancing its strategic pivot from pure exploration to revenue-generating stockpile reprocessing.
- Positive grab assay results were reported from a newly identified above-ground stockpile (EC2) within the EC1 property, showing grades up to 4,172 g/t Ag, 4.10 g/t Au, and 18,000 ppm Cu.
- Sampling methodology involved vertical cuts and riffle splitting, with QA/QC performed by an independent, PJLA-accredited laboratory (ERSA).
- Management emphasized that grab samples are selective and not representative of average grades or continuity, but confirm the presence of low-sulphidation-type mineralization suitable for silver recovery.
Material Impact
- The news represents a logical, incremental step following the January 2026 operational strategy update, which outlined the transition to small-scale production via mill processing.
- Securing binding access agreements de-risks the stockpile reprocessing thesis by legally securing the feed material for the planned 50-100 TPD mill.
- The EC2 grab assays are technically impressive but carry inherent sampling bias; they serve as a positive indicator rather than a resource definition.
- The market reaction (price spike to $6.40 on June 2, followed by a pullback to $6.14) suggests investors view this as expected progress rather than a fundamental valuation inflection.
- No new capital raise or major strategic partnership was announced, indicating the company is executing on its existing $500,000 private placement proceeds and cash reserves.
AGH · Price
Company Overview
- Canadian Silver Hunter Inc. is a mining exploration and development company focused on precious and base metals in Michoacán, Mexico.
- The flagship project involves the reprocessing of historic waste rock and above-ground stockpiles (EC1, ES1, BM1) containing polymetallic mineralization.
- The company is transitioning from an exploration-only model to a production-oriented model, aiming to generate revenue through milling and concentrate sales.
- Management has identified a site less than 6 km from the stockpiles with adequate infrastructure (water, power, road access) for a planned 50-100 TPD processing mill.
- The strategy targets processing an estimated 125,000-150,000 tonnes of stockpiled material over a 3-5 year period.
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Jun 04, 2026 · 07:31