Northwire Canada EditionSunday, July 12, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

First Andes Silver Reports Phase 1 Soil Assay Results and Delineates Kilometre-Scale Silver-in-Soil Anomalies, Santas Gloria Project, Peru

First Andes Silver maps out kilometer-scale anomalies as it gears up for high-grade silver hunt in Peru

By The Northwire Desk — AI Analysis Mar 02, 2026 · 08:01 FAS · 0.165 First Andes Silver Ltd.
Executive Summary

The most recent news (March 2, 2026) reports Phase 1 soil assay results from the Santas Gloria Project in Peru. The company has identified six coherent, kilometer-scale silver-in-soil anomalies (Kelly, Eulalia South, Eulalia Main, Rosario, Paquita, and Maribel). These anomalies align with previously mapped epithermal vein corridors and show strong continuity over a 6.5 km strike length. Peak values reached 68.1 ppm Ag. Phase 2 sampling is scheduled to begin in March 2026 to cover the southern half of the grid and finalize drill targets for the upcoming 2026 program.

Material Impact

The news is Routine - Positive. While the scale of the anomalies is impressive (aggregate strike length of 4.3 km), this is a logical progression of the "systematic property-wide exploration program" announced in November 2025. - Technical Validation: The results confirm that the silver mineralization seen in previous drilling (2024-2025) is not isolated but part of a much larger, district-scale system. - Target Refinement: The "Kelly" anomaly stands out as the largest and highest intensity, providing a clear high-priority target for the Q2 2026 drill program. - Execution: Management is hitting its stated milestones on time and under budget, which builds corporate credibility. However, until these soil anomalies are tested with the drill bit to confirm grade at depth, the material impact on the stock remains speculative.

FAS · Price
Company Overview

First Andes Silver is a junior explorer focused on silver-rich epithermal systems. Its flagship is the Santas Gloria Project in Peru (100% owned), located 55km east of Lima. The project hosts 23 mapped intermediate-sulphidation epithermal (ISE) veins over 12km of strike. Previous drilling confirmed high-grade silver in the San Jorge vein. The company recently expanded its portfolio by acquiring three silver-gold projects in New South Wales, Australia.

Read the original news release →

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