Prince Silver Corp drills new silver-gold zones in Nevada

Описание: Prince Silver Corp CEO Derek Iwanaka joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news about the company’s ongoing drilling programme at the Prince Project in Nevada and how rising precious metal prices are renewing interest in historic silver districts.

Iwanaka highlighted Nevada’s long history as the “Silver State,” noting that the Prince Project was a past-producing mine that operated between 1912 and 1949. The operation shut down due to low metal prices rather than a lack of remaining material, leaving potential resources behind that may now be economic at today’s higher silver prices.

Iwanaka explained that Prince Silver Corp has been drilling at the project for the past three months and has made encouraging discoveries. The drilling programme has identified two distinct mineralised horizons. The upper layer contains silver and manganese mineralisation, while a deeper zone has revealed higher-grade gold that had not previously been identified at the historic mine.

According to Iwanaka, the company is optimistic about the potential scale of the project as drilling continues. As he noted in the interview, “we've been doing some drilling for the last three months, and we've actually made discovery a whole bunch of new mineralisation that I don't think was ever considered back then.”

Prince Silver Corp is targeting a resource estimate potentially later this year. If drilling progresses smoothly, Iwanaka said the company could release a resource estimate as early as July, though additional drilling could push the timeline into the fourth quarter.

The company is well funded to advance exploration, with approximately $8 million in the treasury following a recent financing, supporting continued drilling and potential additional phases.

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