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Pacifica Silver Provides Exploration Update at Claudia Silver-Gold Project; Grants Incentive Stock Options

By The Northwire Desk — AI Analysis Apr 02, 2026 · 08:01 PSIL · 1.22 Pacifica Silver Corp.

PSIL · Price

Pacifica Silver reports high‑grade silver‑gold assay results from 286 surface channel samples, identifying new priority drill targets at the Pinolera zone and Contraria vein swarm.
The company has drilled 8,854 m in 35 holes of its 20,000‑m Phase II program as of March 30, advancing multiple vein systems across the Claudia Project.
Board approved issuance of 1.4 million incentive stock options to directors, officers, advisors and consultants (exercise price C$1.22).

Surface Sampling Highlights – Notable intercepts:
17.5 g/t Au & 59 g/t Ag over 0.6 m (Contraria vein swarm)
4.82 g/t Au & 66 g/t Ag over 1.5 m (Contraria vein swarm)
1.64 g/t Au & 109 g/t Ag over 1.5 m (Pinolera zone)
0.51 g/t Au & 117 g/t Ag over 0.5 m (Tres Reyes vein)
1.48 g/t Au & 63 g/t Ag over 1.5 m (Pinolera zone)
Statistical Summary of 286 Samples – Average grades: 5 g/t Ag and 0.19 g/t Au; top‑11 samples ≥30 g/t Ag (max 117 g/t Ag, avg 61 g/t Ag, 2.68 g/t Au).
Phase II Drill Program – Total to date: 8,854 m in 35 diamond‑core holes (including 354 m re‑entered Phase I holes). Program targets: Aguilareña vein extension, Justina vein follow‑up, southern Aguilareña‑Tres Reyes extension, Contraria vein swarm, Pinolera, Mina Vieja and Mina de Oro.
Incentive Stock Options Grant – 1.4 million options; exercise price C$1.22; five‑year term; vesting 25% at grant, then 25% every six months over 18 months.
Qualified Person – Steven I. Weiss, PhD, Interim VP Exploration, reviewed and approved technical content per NI 43‑101.

“The recent surface sampling results have confirmed high‑grade silver‑gold mineralization in previously underexplored areas, providing a strong basis for our Phase II drill program,” – Todd Anthony, CEO.

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