Drill Results
Silver Storm Drills 473 g/t Ag.Eq over 3.6 m and 137 g/t Ag.Eq over 12.0 m, Extends the San Nicolas Zone at Depth
Silver Storm Drills High-Grade Extension at La Parrilla
Executive Summary
- Silver Storm Mining announced high-grade silver equivalent (Ag.Eq) drill results from the San Nicolas Zone at its 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico.
- Hole IDP-SN-26-001 returned 473 g/t Ag.Eq over 3.60 m, including a high-grade interval of 740 g/t Ag.Eq over 1.65 m.
- Drilling confirmed mineralization extending at least 90 m above the last mined stopes along a minimum strike length of 45 m.
- Results have the potential to extend Indicated Resources by an additional 70 m and Inferred Resources by an additional 45 m at depth.
- A total of 44 holes have been drilled to date, totaling approximately 3,000 metres, with a second underground drill rig recently added to accelerate the program.
Material Impact
- The news is consistent with the January 14, 2026 announcement of a 6,000-metre drilling campaign aimed at expanding resources ahead of the Q2 2026 restart.
- While high-grade results are positive, they represent an expected outcome from the previously announced exploration program rather than a new discovery or paradigm shift.
- The extension of mineralization at depth supports the operational plan to maintain production grades during the restart phase but does not fundamentally alter the investment thesis established by recent financings and plant rehabilitation progress.
- Given the proximity to production (Q2 2026), resource definition is critical, making this a material validation of the mine plan rather than speculative upside.
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Company Overview
- Flagship Project: La Parrilla Silver Mine Complex (Durango, Mexico), a historic underground Ag-Pb-Zn-Au complex with three mines (Rosarios, San Marcos, Quebradillas).
- Status: Rehabilitation and restart phase targeting Q2 2026 production.
- Infrastructure: ~US$150M of existing infrastructure including fully permitted underground mine and processing plant.
- Secondary Project: San Diego high-grade vein project (91.65 ha) with significant conceptual resources (31.6 Moz Ag Indicated).
- Production History: >34 Moz AgEq produced between 2006-2019, demonstrating proven ore body potential.
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Jun 18, 2026 · 07:00