Prince Silver talks 2025 drilling at Nevada project

Executive Summary

• Prince Silver Corp. provided an update on its 2025 reverse circulation (RC) drilling program at the Prince silver project in Nevada, confirming that eight holes have been completed with the first set of assay results expected in early 2026.
• The fully financed 2025 program aims to complete approximately 30 RC holes totaling 21,000 feet (6,500 metres), focusing on near-surface carbonate replacement and sediment-hosted mineralization.
• The company anticipates entering a "news catalyst-rich period" in 2026 as pending assay results will refine geological models and help shape the next phase of drilling toward an initial NI 43-101 compliant mineral resource estimate.

Key Details

• Drilling Progress: Eight RC drill holes have been completed to date:
  • PRC-26: 955 feet (291 metres)
  • PRC-27: 925 feet (282 metres)
  • PRC-28: 920 feet (280 metres)
  • PRC-29: 920 feet (280 metres)
  • PRC-30: 890 feet (271 metres)
  • PRC-31: 955 feet (291 metres)
  • PRC-32: 945 feet (288 metres)
  • PRC-33: 950 feet (289 metres)
• Program Scope: The 2025 campaign comprises approximately 30 planned RC holes totaling 21,000 feet (6,500 metres).
• Target Areas: Drilling is focused on evaluating near-surface (<300 metres) carbonate replacement (CRD) silver-gold-manganese and base metal mineralization, and sediment-hosted gold-silver zones along a 3,500-foot (1,070 metres) structural corridor.
• Historical Context: The historic Prince mine produced 1.12 million tonnes grading 4.5% zinc, 100 g/t silver, 2.8% lead, and 0.5 g/t gold.
• Exploration Target: Based on a 2024 independent report by OmniGeoX, the immediate exploration target is estimated between 25 and 43 million tonnes with grades ranging from 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.
• Sampling Methodology: Continuous five-foot (1.5-metre) RC chip samples were collected; approximately 100 samples per hole were collected from mineralized zones, representing roughly 500 feet (152 metres) of assayed drill cuttings.
• Laboratory Analysis: Samples are analyzed at Skyline Assayers & Laboratories Inc. using 43-element MS-ICP with aqua regia digestion, with wet chemical assays for high Mn, Zn, or Pb, and fire assay for gold and silver.

Notable Quotes

• Derek Iwanaka, CEO: "This is the largest modern drill program undertaken at the Prince project since historical drilling in 2012, and thus far we are very encouraged by the geological indicators we are seeing across the completed holes."
• Derek Iwanaka, CEO: "Results are expected to provide critical insight into the scale and continuity of mineralization across the 'exploration target,' as defined below and across the broader mineralized system helping to shape the next phase of drilling, with the objective of incorporating the new data into an initial 43-101 compliant mineral resource estimate."