Prince Silver drills 3.05 m of 1,331 g/t Ag at Prince

Executive Summary

• Prince Silver Corp. released assay results from the first five reverse circulation (RC) drill holes at its Prince Silver Project in Lincoln County, Nevada, highlighting strong silver, gold, and manganese mineralization.
• The results support the company's ongoing 9,000-metre drill program, which aims to verify an exploration target of 25–43 million tonnes and support an initial mineral resource estimate.
• A second drill rig is expected to arrive mid-January 2026 to accelerate the program, with additional assay results from holes PRC-31 to PRC-36 expected in early February 2026.

Key Details

• Drill Program Scope: Continuing 9,000-metre RC drill program; planned 30-hole program to verify exploration target; 11 holes completed to date, 12th initiated Jan. 9, 2026.
• PRC-26: 10.7 metres at 59.7 g/t Ag, 0.12 g/t Au, 10.97% Mn, 1.04% Pb, 2.07% Zn.
• PRC-27:
  • 9.15 metres at 139.92 g/t Ag, 0.68 g/t Au, 8.57% Mn, 1.48% Pb, 1.06% Zn.
  • 3.05 metres at 355.25 g/t Ag, 4.78 g/t Au, 2.69% Pb, 4.72% Zn.
• PRC-28:
  • 3.05 metres at 1,331.00 g/t Ag, 0.16 g/t Au, 14.17% Mn, 2.19% Pb, 4.45% Zn.
  • 1.25 metres at 101.00 g/t Ag, 23.9 g/t Au, 1.00% Zn.
• PRC-29:
  • 15.24 metres at 67.25 g/t Ag, 1.17 g/t Au, 2.46% Mn, 1.79% Pb, 0.84% Zn.
  • Including 3.05 metres at 120.00 g/t Ag, 3.62 g/t Au, 1.55% Mn, 2.42% Pb.
• PRC-30:
  • 7.62 metres at 166.70 g/t Ag, 0.31 g/t Au, 8.70% Mn, 1.14% Zn.
  • Including 4.57 metres at 248.17 g/t Ag, 0.52 g/t Au, 13.24% Mn, 0.96% Pb, 1.55% Zn.
  • 10.67 metres at 36.79 g/t Ag, 5.67 g/t Au, 1.44% Zn.
  • Including 7.62 metres at 51.50 g/t Ag, 7.73 g/t Au, 1.99% Zn.
• Geology: Mineralization hosted in carbonate replacement deposit (CRD) environment within combined minerals bed and Pioche shale formations; all mineralization encountered at depths shallower than 300 metres (potentially amenable to open-pit mining).
• Exploration Target: Based on historical JORC-compliant report, target is 25–43 million tonnes with grades of 1.44–1.57% Zn, 0.78–0.87% Pb, 0.28–0.40 g/t Au, 37–40 g/t Ag, and 3.62–4.30% Mn.
• Future Plans: Second drill rig arriving mid-January 2026; samples from holes PRC-31 to PRC-36 delivered mid-December, results expected early February 2026.
• QA/QC: Samples analyzed at Skyline Assayers & Laboratories Inc. (ISO-accredited); 43-element MS-ICP with aqua regia digestion; fire assay for Au/Ag; specific gravity measurements on average 4 samples per hole.

Notable Quotes

• Derek Iwanaka, CEO: "Our first five RC drill holes have encountered multiple thick, well-mineralized intersections from reasonably shallow depths, returning excellent silver, gold and manganese assay results as outlined below. These initial results indicate the strong likelihood that our planned 30-hole drill program will be successful in verifying the range of tonnes and grades outlined in the exploration target."