Prince Silver begins drilling at Prince project

Executive Summary

• Prince Silver Corp. has commenced a fully funded, 6,500-metre reverse circulation (RC) drill program at its Prince Silver project in Nevada, aiming to expand high-grade zones, validate historical data, and define the broader mineralized system.
• The program is financed by two recent financings totaling over $5.25 million and involves 31 planned holes to advance the project toward a maiden NI 43-101 resource estimate.
• The release highlights significant historical drilling results, including high-grade intercepts from 2014 and prospective assays from the Pioche shale unit, alongside an exploration target based on JORC standards.

Key Details

• Drill Program Scope:
  • Total planned drilling: 6,500 metres across 31 reverse circulation (RC) holes.
  • Objective: Validate historical unpublished resource estimates, complete infill and stepout drilling, and test potential extensions along strike and to depth.
  • Contractor: O'Keefe Drilling Company (Butte, Mont.).
  • Timeline: Initial results to be published as available; program continues into winter.
• Financing:
  • The program is fully financed following the closing of two recent financings.
  • Total proceeds: Over $5.25 million.
• Historical Data & Exploration Target:
  • Historical drilling consists of 129 holes totaling 16,607 metres.
  • Exploration Target (based on 2024 OmniGeoX report/JORC guidelines):
    • Volume: 25 million to 43 million tonnes.
    • Zinc: 1.44% to 1.57%.
    • Lead: 0.78% to 0.87%.
    • Copper: 0.003% to 0.005%.
    • Gold: 0.28 to 0.40 g/t.
    • Silver: 37 to 40 g/t.
    • Manganese: 3.62% to 4.30%.
  • Note: The exploration target is conceptual and not a NI 43-101 compliant resource.
• Notable Historical Intercepts (2014):
  • Hole UDH-55: 40.8m @ 0.63 g/t Au, 65 g/t Ag, 1.64% Zn, 3.51% Pb (from 26m).
  • Hole PRC-11: 24.4m @ 0.47 g/t Au, 80 g/t Ag, 1.64% Zn, 3.52% Pb (from 87m).
  • Hole UDH-53: 2.4m @ 11.1 g/t Au, 377 g/t Ag, 26.1% Zn, 4.3% Pb (from 14m).
• Pioche Shale Assays:
  • Hole CDH-36: 61m @ 2.1 g/t Au, 38 g/t Ag (from 69m).
  • Hole UDH-55: 41m @ 0.7 g/t Au, 68 g/t Ag, 3.3% Zn, 0.61% Pb (from 26m).
  • Hole PRC-10: 71m @ 1.4 g/t Au, 51 g/t Ag (from 192m).
• Marketing Agreement:
  • Entered into a 12-month advertising campaign with Dig Media Inc. (Investing News Network).
  • Cost: $54,000.
  • Commencement: On or before September 30, 2025.
  • Subject to Canadian Securities Exchange approval.

Notable Quotes

• Ralph Shearing, President and Director: "We're excited to launch this fully funded drill program at the Prince silver project, which we believe holds significant untapped potential. Our work will focus on expanding known high-grade zones, testing new areas and validating historical drilling. With approximately 6,500 metres of drilling planned, and mineralization open in all directions, this program marks a key step in defining the broader mineralized system and positioning Prince Silver as a standout silver explorer in Nevada."