Highlander Silver: Comprehensive Geophysical Program Maps Extensive System Concealed by Shallow Cover at Corani

Highlander Silver Corp. (HSLV) released results from a comprehensive geophysical program, including airborne magnetic and IP-resistivity surveys, at its Corani Silver Project in Peru. The integrated data identified extensive geophysical signatures and three high-priority exploration targets concealed under post-mineral cover: Corani West, Corani East Extension, and Corani South.

The company confirmed that its first exploration drilling program at Corani in over a decade is actively underway, with four drill rigs on site. Initial assay results from the drilling program are expected in July 2026. Management reiterated a strong unaudited cash balance of approximately US$100 million with zero debt, supported by cash generation from the Mercedes operation.

Highlander Silver Corp. (HSLV) issued an update on June 25, following its April 7, 2026 announcement regarding the start of geophysical surveys and drilling at Corani. While geophysical data supports management’s thesis that Corani is a large-scale intermediate sulphidation epithermal system, the model remains subsurface. Without drill results, the actual resource potential, grade continuity, and economic viability remain unproven.

The company confirmed four active rigs and a July assay timeline, developments that align with previously communicated expectations. Highlander Silver also highlighted a $100 million cash position and zero debt. These financial metrics were already factored into the stock’s valuation following the January $40 million Sprott placement and the September $86 million bought deal.

The market’s reaction has been muted, with the stock declining from $10.42 to $6.01.

Highlander Silver Corp. (HSLV) is a precious metals explorer and developer focused on silver and gold assets in Peru. Its flagship asset is the Corani Silver Project, identified as a large-scale intermediate sulphidation epithermal system. Recent geophysical work suggests the system extends well beyond the current resource footprint.

The company’s portfolio also includes the San Luis project, a high-grade gold-silver property with active drilling at the Bonita vein system, and the Mercedes mine, a producing gold-silver operation that was recently recapitalized and is expected to generate free cash flow. Las Chispas, a third-party owned asset held by Coeur Mining, is included for benchmarking purposes. The management team brings extensive experience from major mining companies, including Solaris, Anglo American, Lundin, and Barrick.