Carlton Precious Reports up to 6.7 g/t Gold and up to 493 g/t Silver From Rock Samples at the Dunfee Nevada Project
Carlton Pivot to Nevada Rock Chips Masks Permitting Setbacks at Flagship Peruvian Silver Asset
The most recent news (January 27, 2026) reports surface rock chip results from the Dunfee project in Nevada, yielding highlights of 6.7 g/t gold and 493 g/t silver. Consequently, the company has more than doubled its land position at Dunfee, expanding from 23 to 53 claims (430 hectares). Management plans to conduct geophysical surveys (IP and Ground Magnetics) before a proposed drilling program in mid-2026. This follows a December 2025 update regarding the flagship Esquilache project in Peru, where the permitting process was significantly delayed; the regulator (MINEM) required an upgrade from an expedited FTA permit to a more rigorous DIA permit due to historical liabilities, pushing the drilling application to early 2026.
The impact of the Dunfee results is Routine - Positive. While the grades are respectable for surface samples, rock chips are selective by nature and do not guarantee subsurface continuity. This news appears to be a tactical "gap-filler" to maintain market interest while the flagship Esquilache project remains stalled in the Peruvian bureaucracy. The material reality for shareholders is the delay at Esquilache. The company raised capital in mid-2025 specifically to "commence a drilling program" in Peru by the fall of 2025; as of early 2026, that drill has yet to turn, representing a failure to meet previously stated timelines. The expansion of Dunfee adds to the exploration pipeline but increases the future burn rate for a company already reliant on selling marketable securities to stay afloat.
Carlton Precious Inc. (formerly Nubian Resources) focuses on precious metal exploration in Peru, Nevada, and Australia. The flagship asset is the Esquilache Silver Project in Puno, Peru, a former producer (Hochschild, 1950s-60s) with over 12 primary veins identified. The project is at an advanced exploration stage but is currently hindered by the transition to a DIA permit. Secondary assets include the Dunfee gold project (Nevada) and several Australian holdings (Yandoit, Stavely).