Six Years of Silver Deficits: Here Are Five Companies Holding Real Ounces

Executive Summary

• Americore Resources disclosed historic core holes from 1985 at its Trinity Silver Project that contain high‑grade silver intercepts, suggesting the current 36 M oz resource may be significantly understated.
• The company received a complete 350 km drone magnetometer survey and is reviewing ~300 GB of legacy data to identify additional targets.
• Americore is evaluating monetization of historic surface stockpiles (~400 k oz oxide + ~365 k oz sulphide) for near‑term cash flow while advancing exploration.

Key Details

• Hole SC‑4: 209.5 ft @ 145.98 g/t Ag (including 153 ft @ 185.94 g/t).
• Hole SC‑5: 246.5 ft @ 97.52 g/t Ag (higher‑grade core: 70 ft @ 128.26 g/t).
• Hole SC‑1: 321.5 ft @ 65.86 g/t Ag (including 65 ft @ 220.69 g/t).
• These intercepts were omitted from prior resource models; they lie within and around the historic open pit.
• Drone magnetometer survey covered ~350 line‑km across a 6‑km strike zone through the Trinity pit; data now under comprehensive interpretation to locate structural targets.
• Legacy data review: ~300 GB of historical project information being re‑examined; the five core holes represent the first major discovery from this effort.
• Stockpile monetization option: ≈400,000 oz silver oxide + ≈365,000 oz silver sulphide identified for potential near‑term revenue.
• Land position: ~22,700 acres secured via direct staking and a strategic option with Primus Resources, encompassing the 2012 estimate area that tripled the resource to 36 M oz AgEq.
• Near‑term exploration plan: twin historic drill holes for verification and metallurgical testing; step‑out drilling aimed at a new mineral resource estimate targeted for Q2 2026.

Notable Quotes

“The evaluation of the drone survey over the next few weeks will allow us a better understanding of not only the historic resource but also the alteration halo extending from the pit,” – Jeff Poloni, CEO, Americore Resources