Argenta Silver Intersects 446 g/t Ag over 28.0m, including 1,195 g/t Ag over 6.0m in a 120.0m step out Drill Hole at Yaxtche

Argenta Silver Corp. (AGAG) released the fifth batch of assay results from its 2025–2026 drill campaign at the El Quevar project in Argentina on July 6, 2026. The headline result came from hole QVD-469, a 120-meter step-out to the northwest of the Yaxtché deposit, which intersected 446 g/t Ag over 28.0 m (from 334 m downhole). This interval included 1,195 g/t Ag over 6.0 m and a bonana intercept of 4,870 g/t Ag over 1.0 m.

Additional high-grade intervals in QVD-469 included 578 g/t Ag over 2.0 m (from 344 m) and 781 g/t Ag over 3.0 m (from 351 m), which contained 1,865 g/t Ag over 1.0 m. Other holes reported the following results:

• QVD-458 (continuity): 135 g/t Ag over 16.0 m
• QVD-468 (Carmen connection): 343 g/t Ag over 2.5 m and 0.69 g/t Au over 11.0 m
• QVD-466 (step-out): 224 g/t Ag and 2.2% Cu over 4.6 m, including a high-grade copper interval of 392 g/t Ag and 5.0% Cu over 1.6 m

The company stated that the Yaxtché-Carmen corridor is narrowing to approximately 100 meters, suggesting a district-scale system. Since May 2025, over 22,000 meters of drilling have been completed, with the 2026 program upsized to 45,000 meters. The existing resource at Yaxtché consists of an Indicated category of 45.3 moz Ag (2.93 Mt @ 482 g/t) and an Inferred category of 4.1 moz Ag (0.31 Mt @ 417 g/t).

Argenta Silver Corp. (AGAG) reported that drill hole QVD‑469 materially expands the known high‑grade footprint of the Yaxtché deposit, confirming that the mineralized system continues 120 m north‑west with grades similar to or better than the main resource. This discovery increases the potential resource tonnage and strengthens the district‑scale narrative.

The result represents a single step‑out hole. The market has already priced in substantial exploration success over the past year; the stock is down approximately 55% from its September 2025 peak and has drifted lower despite a string of high‑grade hits. While the news is unlikely to be a surprise given the steady flow of strong assays, the 120 m step‑out adds a new dimension to the exploration program.

For a junior explorer with a market capitalization of approximately C$145M and no economic study, this type of result de‑risks growth optionality. However, it does not re‑rate the company on its own.

A going‑concern warning in the MD&A regarding reliance on equity financing, combined with a burn rate of approximately $7M per quarter, means that dilution remains a headwind. The market may view the news as an opportunity to raise more capital rather than a standalone value driver.

Argenta Silver Corp. (AGAG) is a Canadian-listed junior explorer focused solely on the El Quevar project in Salta Province, Argentina. The project covers 57,000 hectares and hosts the Yaxtché high-grade epithermal silver deposit, which contains an Indicated resource of 45.3 moz Ag and an Inferred resource of 4.1 moz Ag. The company holds a massive land package with only 3% explored. It also holds early-stage gold-copper and additional silver targets, including Carmen, Mani-Copan, Argentina, and Atenea. The project features extensive infrastructure, including a camp, roads, and a decline ramp, along with proximity to power and gas. The jurisdiction is ranked favorably by the Fraser Institute.

The company raised a total of C$60.5M, including a C$23M bought deal in January 2026 at C$0.80/share. This left approximately C$37M in cash and zero debt as of Q1 2026. Key shareholders include Frank Giustra and Eduardo Elsztain, each holding approximately 10%. The exploration strategy allocates 40% to resource expansion and 60% to new discoveries. No economic studies exist, with a PEA or engineering study targeted for approximately Q4 2028. The company is burning approximately $7M per quarter and will require additional equity financing to reach that stage.