Highlander Silver: Comprehensive Geophysical Program Maps Extensive System Concealed by Shallow Cover at Corani
Rhea-AI Summary
Highlander Silver (TSX, NYSE American:HSLV) reported results from a comprehensive geophysical program at the Corani Silver Project, integrating new airborne magnetic and IP-resistivity surveys with historical data.
The work mapped geophysical signatures extending beyond prior drilling, outlined new high-priority targets (Corani West, East Extension, South), and supports interpreting Corani as a large-scale intermediate sulphidation epithermal system. Four drill rigs are active, first assays are expected in July, and the company reports about US$100 million in unaudited cash and no debt.
AI-generated analysis. Not financial advice.
Positive
- Completed over 90 km of IP-resistivity and 600 km of airborne magnetics at Corani
- Multiple new high-priority targets identified at Corani West, East Extension, and South
- Historical drilling includes 14 m at 11.7 g/t Au and 48.9 g/t Ag (DDH-C52)
- Historical drilling includes 42 m at 47.9 g/t Ag from 4 m (DDH-C119A)
- First exploration drilling in over a decade underway with four rigs and assays expected in July
- Unaudited cash balance of about US$100 million and no debt reported
Negative
- None.
News Market Reaction – HSLV
On the day this news was published, HSLV gained 4.49%, reflecting a moderate positive market reaction. Argus tracked a peak move of +7.9% during that session. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $42M to the company's valuation, bringing the market cap to $974.40M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Peers on Argus
HSLV showed a pre‑news decline of -4.94% with no peers flagged in the momentum scanner, indicating the move appeared stock‑specific rather than part of a broader silver sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 13 | Board appointment | Positive | +1.4% | Appointment of governance-focused independent director to support silver project portfolio. |
| Apr 07 | Project update | Positive | +1.7% | Operational update with Corani drilling start and strong cash balance guidance. |
Recent news for HSLV has been followed by modest positive price reactions, suggesting generally constructive responses to corporate updates.
Regulatory & Risk Context
Reported short positioning appears relatively low, which generally points to limited short-squeeze potential and a lower likelihood of extreme volatility driven purely by short covering.
Market Pulse Summary
This announcement underscores Corani’s potential scale, with extensive geophysical coverage and historical intercepts up to 11.7 g/t Au and 47.9 g/t Ag. Strong liquidity of about US$100 million limits balance sheet risk; upcoming drill assays remain the critical catalyst.
Key Terms
induced polarization-resistivity technical
epithermal technical
atomic absorption spectroscopy technical
fire assay technical
gravimetric determination technical
qualified person regulatory
AI-generated analysis. Not financial advice.
TORONTO, June 25, 2026 (GLOBE NEWSWIRE) -- Highlander Silver Corp. (TSX, NYSE American: HSLV) (“Highlander Silver” or the “Company”) is pleased to report on a comprehensive geophysical study of the Corani Silver Project integrating historical datasets with the first airborne magnetic survey and more extensive induced polarization-resistivity surveys than historically undertaken. The results provide a geophysical signature for the Corani mineral system that is far more extensive than historical drilling coverage, with extensions and untested potential zones to the west and south concealed beneath shallow post-mineral cover.
Daniel Earle, President and CEO of Highlander Silver, commented:
“Highlander Silver has been busy across its portfolio since closing the Bear Creek acquisition in late February. We’re delighted to begin reporting results from Corani that provide an indication of the potential scale of the opportunity we see. Also, we look forward to reporting our first drill results in July. Finally, with strong cash generation and improving performance at our Mercedes operation offsetting spending, the Company has maintained an unaudited cash balance of approximately US
Highlights
- Completed induced polarization-resistivity and airborne magnetic surveys totaling over 90 km and 600 km, respectively; Defined geophysical signatures of the Corani mineral system through integration with lithology, alteration and resources models, incorporating mapping and core logging datasets; Magnetic lineament analysis highlighted network of north-south and northwest-trending structures interpreted as first order controls on mineralization
- Identified a series of high-priority exploration targets with combined geological, structural and geophysical characteristics analogous to the Corani deposit
- Corani West represents a newly-generated, high-priority target with a large coincident zone of chargeability, resistivity, and magnetic susceptibility consistent with the Corani deposit, concealed under shallow post-mineral cover along a major northwest-trending structure
- Corani East Extension represents the interpreted continuation of the higher-grade Corani East zone south of an eroded block, with historical drilling at the north end of the anomaly partially testing the target, including 42 m at 47.9 g/t Ag from 4m (DDH-C119A)
- Corani South represents a zone of widespread alteration, veining, silicification and hydrothermal brecciation at the intersection of major north-south and northwest trending structures, with significant historical drilling returning robust gold-silver mineralization, including 14 m at 11.7 g/t Au and 48.9 g/t Ag from 32 m (DDH-C52)
- Results support the interpretation that Corani represents a large-scale intermediate sulphidation epithermal system extending well beyond the current resource footprint
- First exploration drilling program in over a decade is now underway with four drill rigs active and first assays expected in July
Figure 1 – Corani Plan Map
Note to Figure 1: Map illustrates surface projection of three-dimensional inversion blocks exhibiting geophysical properties consistent with those observed within the Corani deposit and constrained by geological modelling of the pre-mineral volcanic host unit.
Figure 2 – Corani Section A – A’
Table 1. Historical Drill Results Referenced in this News Release
| Collar Locations | Relevant Intercepts | |||||||||
| Hole ID | Easting | Northing | Elevation | Depth | Azimuth | Dip | From | To | Interval | Intercept |
| (m) | (m) | (m) | (m) | (°) | (°) | (m) | (m) | (m) | (g/t) | |
| DDH-C52 | 316557 | 8444626 | 5206 | 94.1 | 90 | -40 | 32 | 46 | 14 | 11.7 (Au); 48.9 (Ag) |
| DDH-C119A | 316704 | 8446241 | 5017 | 110.4 | 240 | -70 | 4 | 46 | 42 | 47.9 (Au) |
| Note to Table 1: The true width of the mineralized zone is not currently known. | ||||||||||
Technical Information and Quality Control / Quality Assurance
Historical drilling completed by Bear Creek Mining Corporation including drill holes reported here, utilized HQ-diameter diamond core, with reported core recoveries averaging greater than
The assay data associated with the two historical drill holes referenced in this news release were independently reviewed and validated by Highlander. Validation work included verification against original laboratory certificates, physical inspection of drill core stored at Bear Creek's facilities in Juliaca, Peru, and review of the historical digital core photograph archive. This work confirmed the integrity of the reported sampling intervals and the identification of mineralized intervals associated with the significant assay results disclosed herein.
The drone magnetic and induced polarization/resistivity (“IP/Resistivity”) surveys referenced in this news release were subject to quality assurance and quality control review by Dr. Hernan Ugalde, P.Geo., an independent geophysical consultant to Highlander. The review included the ongoing assessment of raw geophysical data as it became available, evaluation of data quality, and consultation with survey contractors to determine the need for reflights and repeat ground survey lines where warranted. The final processed datasets delivered by the geophysical contractors were subsequently reviewed and approved by Dr. Ugalde prior to their use in geological modelling, target generation, and interpretation.
There are no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein.
Qualified Person
The scientific and technical information in this press release has been reviewed and approved by Dr. Sergio Gelcich, P.Geo., Vice President, Exploration, Highlander Silver, who is a “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.
On behalf of Highlander Silver
“Daniel Earle”
President and CEO, Director
Information contact
Arun Lamba, Vice President Corporate Development
alamba@highlandersilver.com
About Highlander Silver
Highlander Silver is a high-quality silver-growth company developing a portfolio of advanced-stage assets in Peru which includes the bonanza-grade San Luis gold-silver project, which ranks among the 10 highest-grade projects globally in both gold and silver categories, and the Corani silver project, the largest fully-permitted silver deposit in the world.1 The Company also operates the Mercedes gold-silver mine in Mexico. Highlander Silver's major shareholders include the Augusta Group, Lundin family, and Eric Sprott.
Forward-looking statements
Certain information contained in this news release constitutes “forward-looking information” under Canadian securities legislation. This includes reporting our first drill results in July. Such forward-looking information or statements can be identified by the use of words such as “ramp up”, “attempting”, “intends”, “believes”, “plans”, “suggests”, “targets” or “prospects” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “will” be taken, occur, or be achieved. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such factors include, among others, general business, economic, competitive, political and social uncertainties, the actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of precious and base metals, accident, labour disputes and other risks of the mining industry, and delays in obtaining governmental or stock exchange approvals or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this news release. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. Accordingly, the reader is cautioned not to place undue reliance on forward-looking information.
1 S&P Global rankings including the Corani silver project and San Luis gold-silver project.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b89d0571-c4c3-486e-97c5-ae8450d62ab9
https://www.globenewswire.com/NewsRoom/AttachmentNg/26eb83e3-3aa9-4c89-b700-b4a0c5637143
