Northwire Canada EditionWednesday, October 21, 2026
Northwire
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GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.62 +0.6% OIL 97.82 −0.7% PALLADIUM 1104.00 −1.7% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4% GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.62 +0.6% OIL 97.82 −0.7% PALLADIUM 1104.00 −1.7% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4%
Drill Results Routine +

Aftermath Silver Intercepts 30.0 metres of 77 g/t Silver + 2.93% High Grade Copper at Berenguela

Aftermath’s Berenguela infill drilling confirms high-grade zones as the stock tests new lows amid broader market drag and a PFS timeline.

Executive Summary

Aftermath Silver Ltd. announced assay results from the final 15 holes of its 90-hole Phase 3 diamond drill program at the Berenguela project in Peru. Significant high-grade intercepts were reported, including AFD184 returning 62.3m @ 81 g/t Ag + 1.99% Cu + 19.2% Mn (including 30.0m @ 77 g/t Ag + 2.93% Cu + 21.0% Mn) and AFD190 returning 24.5m @ 293 g/t Ag + 0.81% Cu + 14.3% Mn (including 4.95m @ 882 g/t Ag).

The completed infill drilling targets a 100m strike length to delineate high-grade mineralization for a planned starter pit and supports metallurgical testwork and mine scheduling for the ongoing pre-feasibility study (PFS). A second drill rig is mobilizing to explore the Copper East and Southwest Intrusive Skarn targets. QA/QC indicates a 97% weighted average drillhole recovery with 4 CRM fails observed out of 173 samples.

Material Impact

Aftermath Silver Ltd. (AAG) reported results consistent with previous Phase 3 drill releases in March and May 2026, confirming the continuity of high-grade silver, copper, and manganese mineralization. The infill drilling did not materially expand the December 2025 NI 43-101 resource estimate, which reported 122.5 Moz Ag and 717.1 Mlb Cu in Measured & Indicated categories.

The findings serve as a routine milestone to de-risk the geological model ahead of the Preliminary Feasibility Study (PFS), launched in February 2026. Market reaction has been muted to negative, with the stock trading near its 52-week low, suggesting investors are focused on cash burn and financing needs rather than incremental drill results.

AAG · Price
Company Overview

Aftermath Silver Ltd. is a junior explorer advancing silver-gold projects in Chile and Peru. Its flagship asset is the Berenguela Silver-Copper-Manganese Project, located in the Puno Department of southern Peru at an elevation of 4,200m on the Altiplano.

According to a December 2025 NI 43-101 report, the company holds a resource base of 122.5 Moz Ag and 717.1 Mlb Cu in Measured & Indicated categories, plus 2.93 Mt Mn. Manganese is the primary economic driver, accounting for approximately 75% of relative value, followed by silver at ~13% and copper at ~11%.

The company also holds other assets, including the Challacollo (Ag-Au) project in Chile and the Cachinal (Ag-Au) project in Chile. Infrastructure including rail, power, road, and labor is within 6km of the Berenguela site. A railway loading station at Santa Lucia connects the project to Matarani Port.

Read the original news release →

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