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Pacifica Silver Reports Strong Gold-Silver Intercepts at Claudia Project and Extends Justina Vein to 600 Metres in Strike Length

Exploration-stage silver-gold developer extending high-grade vein systems at Claudia, Mexico, while burning through cash pre-revenue.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 07:31 PSIL · 1.0 Pacifica Silver Corp.

Executive Summary

Pacifica Silver Corp. released assay results from 28 additional holes in its ongoing Phase II 20,000-metre diamond drilling program at the Claudia Silver-Gold Project in Durango, Mexico.
Drilling extended the high-grade Justina vein over 600 metres of strike length and delivered wide, high-grade gold-silver intercepts in the Aguilareña-Tres Reyes area.
Key intercepts include 8.90 m @ 0.94 g/t Au & 101 g/t Ag (182 g/t AgEq) and 0.65 m @ 6.98 g/t Au & 981 g/t Ag (1,581 g/t AgEq) in the Aguilareña-Tres Reyes zone.
The company completed a 31.6 line-kilometre IP/RES geophysical survey identifying a high-chargeability anomaly for future targeting.
Active drill fleet reduced from three to two rigs due to the dry season. Phase II is expected to complete in Q3 2026, with 12,750 metres drilled in 54 holes as of June 10.
Management reiterated confidence in the scale, continuity, and potential to build a meaningful resource.

Material Impact

The release confirms continued vein continuity and high-grade intercepts, which validates the geological model and supports the decision to expand the drill program earlier in the year.
However, this is an incremental exploration update. No new resource estimate, economic study, or production timeline was announced.
The market has already priced in the exploration progress, as evidenced by the stock's steady decline from its December 2025 high of $2.23 to the current ~$1.13 level.
The reduction to two rigs due to the dry season is a standard operational constraint and does not materially alter the long-term program scope.
Without a NI 43-101 resource estimate or a Preliminary Economic Assessment (PEA), the fundamental valuation remains tied to exploration risk and cash burn rather than asset monetization.

PSIL · Price

Company Overview

Pacifica Silver Corp. is an exploration-stage precious metals company focused on the 100% owned Claudia Silver-Gold Project in Durango, Mexico.
The project features multiple high-grade epithermal vein systems, including Aguilareña, Justina, Central, Guadalupana, and Contraria.
The company is currently executing a fully funded Phase II 20,000-metre diamond drilling program aimed at expanding known high-grade zones and testing new priority targets.
No revenue has been generated, and the company is in the pre-production exploration phase.

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