Drill Results
Silver Storm Receives La Parrilla Surface Drilling Permits
Silver Storm secures surface drilling permits for the La Parrilla project as production restart approaches.
Executive Summary
- Silver Storm Mining has received 4-year surface drilling permits from SEMARNAT for its 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico.
- The permits authorize the construction of 62 drill pads and 27 access roads across 24 sites at La Ilusion-Argenis and 32 sites at 14 Marcos/Rosarios-C340 West Extension.
- An initial surface exploration program is planned for approximately 6,600 meters, targeting resource expansion and grade upgrading at the C340 and 14 Marcos zones.
- SEMARNAT also extended the environmental operating license for the site's Tailings Storage Facility (TSF) for an additional 10 years, resolving a permit expiration previously scheduled for 3Q 2026.
- The technical information was reviewed and approved by Qualified Persons Shane Ghouralal, P.Eng., and Bruce Robbins, P.Geo., in compliance with NI 43-101.
Material Impact
- The receipt of surface drilling permits is a procedural milestone that was anticipated following the commencement of the underground drilling campaign in January 2026 and the subsequent high-grade results in May 2026.
- The 10-year extension of the TSF environmental license is a significant de-risking event, removing a near-term regulatory overhang and ensuring operational continuity through the mine's restart and initial production phase.
- While positive, the news is incremental and expected. It does not alter the company's financial profile, change the restart timeline, or introduce new revenue streams. The market has already priced in the permitting process as part of the path to production.
- The news aligns with previous management guidance and does not represent a surprise catalyst. It is classified as routine positive news that maintains the project's trajectory toward the targeted Q2 2026 production restart.
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Company Overview
- Company: Silver Storm Mining Ltd. is a Canadian precious metals explorer and developer focused on restarting the historic La Parrilla Silver Mine Complex in Durango, Mexico.
- Flagship Project: La Parrilla is a 100%-owned underground silver-lead-zinc-gold complex featuring three underground mines (Rosarios, San Marcos, Quebradillas) and a 2,000 tpd processing plant. The company is rehabilitating the plant and expanding the sulphide flotation circuit to 1,250 tpd (+25% capacity).
- Development Status: The company has successfully completed the first silver-gold doré pour from the oxide circuit, mobilized underground development contractors, and secured all necessary equipment and financing for a targeted Q2 2026 production restart.
- Exploration Upside: The 38,128-hectare land package hosts multiple high-grade targets. Recent drilling at C550 and San Nicolas has demonstrated significant resource extension potential, with intercepts exceeding 1,200 g/t Ag.Eq.
- Secondary Asset: The San Diego project is a nearby high-grade vein system with substantial inferred resources, offering potential future processing synergies.
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Jun 11, 2026 · 14:11