Titiminas Silver Reports High-Grade Silver-Gold-Copper Results from the First Drill Holes at Madre Sierra and Madre Sierra Norte, Peru
Titiminas reports high-grade silver-gold-copper intersections in its maiden drill holes at the early-stage project targeting a 2027 resource.
Titiminas Silver Inc. (TITI) has released assay results from the first two underground drill holes at its Madre Sierra and Madre Sierra Norte properties in Peru. Drill hole PKS-MSN-26-01 at the North Zone returned a standout interval of 0.70m true width grading 4,604 g/t Ag, 1.98 g/t Au, and 0.18% Cu, indicating a late, silver-rich mineralizing event overprinting the principal polymetallic system.
Drill hole PKS-MS-26-01 at Madre Sierra intersected two mineralized veins, including: - 1.14m @ 282 g/t Ag, 1.35 g/t Au, 0.59% Cu - 1.04m @ 84 g/t Ag, 4.31 g/t Au, 0.25% Cu
The ongoing underground drilling program comprises a 4,000-metre Packsack phase and a 15,500-metre HQ core phase, targeting three zones: Madre Sierra, Madre Sierra Norte, and Titiminas CRD. Results define a late Ag-Au-Cu mineralizing event superimposed on the main Pb-Zn-Ag system, hosted in low-angle tensional structures that vector toward the center of the hydrothermal system.
The company aims to confirm and update historical resources to NI 43-101 standards, delineate the newly recognized Ag-Au-Cu domain, and target a maiden Mineral Resource Estimate by Q2/Q3 2027. AgEq calculations assume metal prices of $58.60/oz Ag, $3,994/oz Au, $5.96/lb Cu, $0.86/lb Pb, $1.55/lb Zn, and 100% metallurgical recovery. Recoveries have not yet been determined.
Titiminas Silver Inc. (TITI) reported results that represent a positive but expected progression of the dual-phase drilling program announced in April and May 2026. The findings validate the geological model of a high-grade silver-gold-copper overprint and reinforce the priority on the North Zone, although they constitute only the first two holes of a 19,500-metre program.
The company maintains its development timeline, with a maiden NI 43-101 Mineral Resource Estimate (MRE) targeted for Q2/Q3 2027 and a Preliminary Economic Assessment (PEA) and Final Investment Decision (FID) targeted for Q4 2027. The news does not materially alter the financial outlook or capital requirements at this stage, as the company remains in the exploration and pre-feasibility phase.
In prior-period context, Titiminas Silver Inc. reported zero revenue, a net loss of $12,805, and a working capital deficit of $146,155 in Q1 2026. The company relies entirely on external equity financing to fund operations and exploration.
Titiminas Silver Inc. (TITI) is advancing its flagship Madre Sierra Silver Mine in Peru, a multi-episodic, integrated mineral system that features a Carbonate Replacement Deposit (CRD) style Ag-Pb-Zn replacement at the distal end, polymetallic veins in the intermediate zone, and a potential Cu-Mo porphyry target at depth. The company is pursuing a phased development strategy under Peru's small-mining regime, known as Pequeño Productor Minero (PPM), to fast-track production while exploring the broader district.
Infrastructure progress includes the rehabilitation and operational status of Level 4365 of the mine. Water management infrastructure consists of a 1,400m HDPE pipeline and multiple ponds. Processing plans outline basic engineering for an initial 350 tpd plant, with future expansion potential to 800 tpd.
Corporate structure for the project has been reorganized into three Peruvian SACs to optimize tax and permitting, with a 3% aggregate NSR royalty registered.