Northwire Canada EditionFriday, October 23, 2026
Northwire
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GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7% GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7%
Drill Results

Tier One Silver Intersects 0.7 Metres of 1,015 g/t Silver and 4.52 g/t Gold at Curibaya

Tier One Silver Confirms High-Grade Continuity at Curibaya, Yet Financing Gap Looms

Executive Summary

The most recent release (April 21, 2026) reports Phase 2 drilling results from the Curibaya project in Peru. Key highlights include a high-grade intercept of 0.7 metres grading 1,015 g/t Silver and 4.52 g/t Gold in hole 26CUR-018. The company confirms continuity of mineralization across approximately 6 km of structures and demonstrates vertical consistency relative to Phase 1 drilling. Management is advancing permit applications (EIA-sd) to increase drilling capacity from 17 holes to up to 220 holes, with submission expected in Q3 2026. The program also identified potential porphyry copper-type system indicators including skarn mineralization and copper-bearing breccias grading up to 6% copper.

Material Impact

The news validates the high-grade epithermal model previously announced during the Phase 2 commencement updates in January and February 2026. While the intercepts are exceptional (1,015 g/t Ag), they confirm expectations rather than introducing a fundamentally new discovery scale that would immediately warrant a resource estimate. The stock price has already corrected from its January peak ($0.19) to current levels ($0.10), suggesting the market had priced in the potential of this program. The announcement is positive but incremental, serving as confirmation of the exploration thesis rather than a game-changing event like a maiden resource release or production start.

TSLV · Price
Company Overview

Tier One Silver is an exploration company focused on developing world-class silver-gold discoveries in Peru. The flagship asset is the Curibaya project, located on a prolific copper porphyry belt surrounded by major mines (Cerro Verde, Toquepala). The project hosts six high-grade silver-gold mineralized corridors and a notable copper porphyry target. As of April 2026, the company remains in the exploration phase with no production guidance or reserves disclosed.

Read the original news release →

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