Drill Results

Pacifica Silver Reports Initial Phase II Drill Results at Claudia with Multiple High-Grade Intercepts at the Aguilarena Area

"Pacifica Silver Validates Claudia Vein Continuity Amidst Post-Financing Consolidation"

By The Northwire Desk — AI Analysis Apr 14, 2026 · 07:31 PSIL · 1.32 Pacifica Silver Corp.

Executive Summary

Pacifica Silver announced assay results from the first 16 holes of its Phase II diamond drilling program at the Claudia Project (Durango, Mexico).
Fourteen of 16 holes intersected silver-gold mineralization.
Several intercepts exceeded 1,000 g/t AgEq (e.g., Hole 26CLAU074D included 0.50 m @ 840 g/t AgEq; Hole 26CLAU068D intersected 0.35 m @ 1,258 g/t AgEq).
Results extend the Aguilareña vein down-dip by up to 150 metres and confirm continuity along a 1.9 km strike length.
Phase II is a fully funded 20,000-metre program; 9,918 metres drilled in 38 holes as of release date (mid-January start).
AgEq calculation uses US $2,500/oz Gold and US $30/oz Silver.

Material Impact

Validation of Capital Allocation: The results confirm the high-grade nature of the Aguilareña vein system previously identified in Phase I (Dec 2025). This validates the $23 million financing closed in January 2026.
Expected Progress: As an "Initial" release from a planned 20,000-metre program announced in March 2026, these results are consistent with management's guidance rather than a surprise discovery. The grades (up to ~1,258 g/t AgEq) are comparable to Phase I highs but do not significantly exceed the peak intercepts reported in December 2025 (e.g., Hole 25CLAU039D @ 1,905 g/t Ag).
Stock Price Context: The stock has corrected approximately 40% from its December 2025 high ($2.23) to current levels (~$1.32), largely due to the January financing dilution at $1.45/share and broader market conditions. This news serves as a stabilizing factor rather than an immediate re-rating catalyst, as the thesis of a high-grade system was already established in late 2025.
Risk Mitigation: Confirming vein continuity down-dip reduces exploration risk for future resource estimation but does not eliminate permitting or execution risks inherent to Mexican jurisdictions.

PSIL · Price

Company Overview

Company: Pacifica Silver Corp. is an exploration-stage mining company focused on silver and gold assets in Mexico.
Flagship Project: Claudia Silver-Gold Project located in Durango State, Mexico.
Project Status: Exploration stage. The company has completed Phase I (8,000m) and is currently executing Phase II (20,000m).
Ownership: 100% owned by Pacifica Silver (per Feb 11, 2026 news release).
Royalties: No royalties mentioned on the Claudia Project in provided data; assumed royalty-free based on "100% owned" statement.

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