Northwire Canada EditionFriday, October 23, 2026
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GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7% GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7%
Drill Results Routine +

Tier One Silver Reports Additional High-Grade Intercepts, Including 1 Metre of 448.2 g/t Ag and 0.37 g/t Au, from Phase 2 Drilling at Curibaya

Tier One’s high-grade drilling at Curibaya confirms mineralisation, but a cash crunch demands an immediate capital raise to sustain operations.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 07:01 TSLV · 0.08 Tier One Silver Inc.
Executive Summary
  • Tier One Silver released the final Phase 2 drill assay results from its Curibaya project in Peru, confirming a robust epithermal silver-gold system.
  • 11 of 24 drilled holes (45%) returned >150 g/t Ag + Au, expanding the known mineralized footprint to 6 km.
  • Notable intercepts include 1.0 m @ 448.2 g/t Ag and 0.37 g/t Au, alongside 2.70 m @ 284.41 g/t Ag and 1.29 g/t Au.
  • The company initiated an Environmental Impact Study (EIA-sd) permit to expand drilling capacity from 17 to up to 220 holes.
  • Management plans to target the undrilled Cambaya II corridor for Phase 3 drilling, alongside infill drilling and surface exploration in Zones 1 & 3.
  • Geological data suggests the upper epithermal zone may be linked to a deeper porphyry copper source, supported by surface copper values up to 6.12%.
Material Impact
  • The June 11 release is a direct follow-up to the April 21 announcement, which first highlighted the 0.7 m @ 1,015 g/t Ag intercept. The new data confirms lateral and vertical continuity, validating the geological model without introducing fundamentally new surprises.
  • Exploration progress is positive, but the financial backdrop severely tempers the materiality. The Q1 2026 MD&A explicitly flags a going concern due to a cash balance of $1.88M against a $3.7M+ annual burn rate.
  • The drill results do not alter the capital structure, nor do they mitigate the imminent need for equity financing. The market likely priced in these follow-up results, making the announcement routine rather than market-moving.
  • The primary risk remains execution and funding. Without a capital raise, the EIA permit and Phase 3 drilling cannot proceed, rendering the exploration upside theoretical.
TSLV · Price
Company Overview
  • Tier One Silver is an exploration-stage company focused on the Curibaya project in southern Peru.
  • Curibaya sits on a prolific copper porphyry belt, surrounded by major mines like Cerro Verde and Toquepala.
  • The project hosts six high-grade silver-gold mineralized corridors and a potential porphyry copper target.
  • Surface channel sampling has returned exceptional grades, with historical highs up to 2,680 g/t Ag and 13.95 g/t Au.
  • The company is in the exploration phase, with no production, revenue, or resource estimates published to date.
Read the original news release →

More from Tier One Silver Inc.

Sep 24, 2026 · 17:36

Tier One slashed financing for its Ecuador acquisition amid a cash crunch, raising funding risk for the project.

Financings Aug 13, 2026 · 17:13

Tier One secured C$12M–C$17M financing to advance its Ecuador copper-molybdenum option project amid broader liquidity challenges.

Financings Jun 30, 2026 · 09:21

Tier One Silver prioritises its Ecuadorian copper project over the Curibaya deposit, signalling a strategic shift in its development focus.

M&A / Property Apr 21, 2026 · 07:01

Tier One Silver Confirms High-Grade Continuity at Curibaya, Yet Financing Gap Looms

Drill Results Feb 18, 2026 · 17:30

Tier One begins drilling at Curibaya

Drill Results Feb 18, 2026 · 07:01

Tier One Silver Inc. is a precious metals exploration company focused on high-grade silver, gold, and copper discoveries in Peru.

Drill Results