Americore Resources Unlocks Near-Term Optionality at Trinity Silver Project in $100+ Silver Market

Executive Summary

• Americore Resources is evaluating options to monetize historic surface stockpiles at its 100% owned Trinity Silver Project in Nevada, potentially generating near‑term cash flow.
• The stockpiles are estimated to contain ~400,000 oz of silver oxide and ~365,000 oz of silver sulphide, though these estimates are not current Mineral Resources.
• A field program—including RC drilling, backhoe trenching, and metallurgical testing—will be launched to confirm grades and define processing pathways (off‑site tolling or on‑site pilot plant).

Key Details

• Historic Stockpile Estimates: ~400,000 oz silver oxide; ~365,000 oz silver sulphide (historic, not current resources).
• Market Context: Silver price > US$100/oz, providing favorable economics for early cash generation.
• Processing Options Under Review:
• Off‑site third‑party toll processing – rapid monetization with limited capital outlay.
• Construction of an on‑site pilot plant – greater control over metallurgy and scalability.
• Planned Field Program:
• Reverse circulation (RC) drilling.
• Backhoe trenching.
• Updated metallurgical and mineralogical testing.
• Consultant Engagement: Independent consultant to assist with metallurgical, engineering, and economic analysis.
• Regulatory Compliance: Permits will be obtained from the Nevada Division of Environmental Protection.
• Exploration Momentum: Recent drone magnetometer survey completed; data processing underway for upcoming drill targeting.
• Near‑Term Exploration Plan: Drill 5–10 core holes twin to historic holes to verify data and supply fresh material for metallurgical testing, followed by step‑out RC drilling toward a new Mineral Resource estimate.

Notable Quotes

“With silver trading above US$100 per ounce, Trinity offers exceptional leverage to rising metal prices,” said Jeff Poloni, CEO.
“Evaluating the monetization of historic stockpiles is a highly strategic move… it provides potential near‑term value, delivers critical metallurgical insights, and helps accelerate Trinity toward a PEA.”