Prince Silver Appoints Director and Announces Summer Drilling
Prince Silver Corp. (OTC:HWTNF) has announced two significant developments: the appointment of Darrell Rader as a director and the advancement of its summer drilling program. Rader, currently President and CEO of Minaurum Gold Inc., brings over 20 years of experience in silver mining and a track record of raising over $150 million for mineral exploration.
Following the completion of the Stampede Metals Corporation acquisition and securing $4 million in gross proceeds, the company is fully funded for its upcoming 6,500-meter reverse circulation drill program at the Prince Silver Project in Nevada. The program, scheduled to begin in early August, will focus on expanding higher-grade zones and validating historical drill results at this polymetallic carbonate replacement deposit.
Prince Silver Corp. (OTC:HWTNF) ha annunciato due importanti novità: la nomina di Darrell Rader come direttore e l'avanzamento del suo programma di perforazione estivo. Rader, attualmente Presidente e CEO di Minaurum Gold Inc., vanta oltre 20 anni di esperienza nell'estrazione dell'argento e un curriculum di raccolta fondi superiore a 150 milioni di dollari per l'esplorazione mineraria.
Dopo il completamento dell'acquisizione di Stampede Metals Corporation e l'ottenimento di 4 milioni di dollari di proventi lordi, la società dispone di fondi completi per il prossimo programma di perforazione a circolazione inversa di 6.500 metri presso il Prince Silver Project in Nevada. Il programma, previsto per l'inizio di agosto, si concentrerà sull'espansione delle zone ad alta concentrazione e sulla convalida dei risultati storici delle perforazioni in questo deposito polimetallico di tipo carbonatico sostitutivo.
Prince Silver Corp. (OTC:HWTNF) ha anunciado dos desarrollos importantes: el nombramiento de Darrell Rader como director y el avance de su programa de perforación de verano. Rader, actualmente presidente y CEO de Minaurum Gold Inc., aporta más de 20 años de experiencia en la minería de plata y un historial de recaudación de más de 150 millones de dólares para exploración mineral.
Tras completar la adquisición de Stampede Metals Corporation y asegurar 4 millones de dólares en ingresos brutos, la compañía está completamente financiada para su próximo programa de perforación de circulación inversa de 6,500 metros en el Proyecto Prince Silver en Nevada. El programa, previsto para comenzar a principios de agosto, se centrará en expandir las zonas de mayor ley y validar los resultados históricos de perforación en este depósito polimetálico de reemplazo carbonatado.
Prince Silver Corp. (OTC:HWTNF)는 두 가지 중요한 소식을 발표했습니다: Darrell Rader를 이사로 임명하고 여름 시추 프로그램을 진전시켰습니다. 현재 Minaurum Gold Inc.의 사장 겸 CEO인 Rader는 은광업 분야에서 20년 이상의 경험을 보유하고 있으며, 광물 탐사를 위해 1억 5천만 달러 이상을 조달한 경력이 있습니다.
Stampede Metals Corporation 인수 완료와 400만 달러의 총 수익 확보 후, 회사는 네바다의 Prince Silver 프로젝트에서 예정된 6,500미터 역순환 시추 프로그램을 위한 자금을 완전히 확보했습니다. 8월 초 시작 예정인 이 프로그램은 고등급 구역 확장과 이 다금속 탄산염 대체 광상의 과거 시추 결과 검증에 중점을 둘 예정입니다.
Prince Silver Corp. (OTC:HWTNF) a annoncé deux développements majeurs : la nomination de Darrell Rader en tant que directeur et l’avancement de son programme de forage estival. Rader, actuellement président et PDG de Minaurum Gold Inc., apporte plus de 20 ans d’expérience dans l’exploitation de l’argent et un historique de levée de plus de 150 millions de dollars pour l’exploration minérale.
Après la finalisation de l’acquisition de Stampede Metals Corporation et l’obtention de 4 millions de dollars de recettes brutes, la société est entièrement financée pour son prochain programme de forage à circulation inverse de 6 500 mètres sur le projet Prince Silver au Nevada. Ce programme, prévu pour débuter début août, se concentrera sur l’expansion des zones à haute teneur et la validation des résultats historiques de forage sur ce gisement polymétallique de remplacement carbonaté.
Prince Silver Corp. (OTC:HWTNF) hat zwei bedeutende Entwicklungen bekannt gegeben: die Ernennung von Darrell Rader zum Direktor und den Fortschritt seines Sommerbohrprogramms. Rader, derzeit Präsident und CEO von Minaurum Gold Inc., bringt über 20 Jahre Erfahrung im Silberbergbau mit und kann auf eine Erfolgsbilanz von über 150 Millionen Dollar an Kapitalbeschaffung für Mineralexploration verweisen.
Nach dem Abschluss der Übernahme von Stampede Metals Corporation und der Sicherung von 4 Millionen Dollar Bruttoerlösen ist das Unternehmen vollständig finanziert für das bevorstehende 6.500 Meter Reverse-Circulation-Bohrprogramm beim Prince Silver Projekt in Nevada. Das Programm, das Anfang August starten soll, konzentriert sich auf die Erweiterung höhergradiger Zonen und die Validierung historischer Bohrergebnisse bei diesem polymetallischen karbonatischen Ersatzlagerstätten.
- Appointment of experienced director Darrell Rader with proven track record of raising $150 million for mineral exploration
- Secured $4 million in gross proceeds from recent acquisition completion
- Fully funded 6,500-meter drill program scheduled to begin in August
- Strategic location in Elephant Country, Nevada with near-term development potential
- Change in board leadership with resignation of Daniel Joyce
VANCOUVER, BC / ACCESS Newswire / July 15, 2025 / Prince Silver Corp. (formerly Hawthorn Resources Corp.) (CSE:PRNC)(OTC:HWTNF) ("Prince Silver" or the "Company") is pleased to announce the appointment of Darrell Rader, BBA, as a director of the Company.
Mr. Rader brings over 20 years of experience in silver mining and exploration, having played a key role in acquiring and developing several silver projects. With a proven track record of raising over
Mr. Rader is currently the President and CEO of Minaurum Gold Inc., a silver exploration company based in Mexico. He is also the founder of Defiance Silver Corp. and has previously served as Head of Corporate Development at IMPACT Silver Corp., a silver mining company. Mr. Rader holds a BBA in Finance from Simon Fraser University. Mr. Rader will fill the vacancy left by Daniel Joyce who has resigned from the Company's board of directors as of July 14, 2025.
"We are delighted to welcome Darrell to our board as an independent director as we continue to aggressively focus on becoming a leading silver explorer," said Ralph Shearing, P.Geol., President. "Darrell brings a strong track record, having successfully guided multiple silver companies from exploration through to development.
I would also like to extend my gratitude to Daniel Joyce for his leadership and invaluable contributions as former CEO and as a board member since the Company's initial public offering. We wish him all the best in his future endeavors."
Fully Funded Summer Drilling
This board change comes at a pivotal moment for Prince Silver. With the Stampede Metals Corporation acquisition now closed, all related securities issued, and nearly
The 6,500-meter reverse circulation drill program is scheduled to begin in early August, and will target the expansion of higher-grade zones, validation of historical drill results, and definition of the broader mineralized system.
The Prince Silver Project, located in Elephant Country, Nevada, hosts a significant polymetallic carbonate replacement deposit (CRD) and sediment-hosted gold system with near-term development potential.
About Prince Silver Corp.
Prince Silver Corp is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. The known deposit identified with historic drilling is open in all directions and is near surface. Prince Silver Corp also holds interest in the Stampede Gap Project a district scale copper-gold-moly porphyry system located ~15km NNM of the Prince Silver Project and, holds option interest in the Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.
On Behalf of the Board of Directors
Ralph Shearing, Director, President
Tel: 604-764-0965
Email: rshearing@princesilvercorp.com
Website: www.princesilvercorp.com
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, proposed drill programs, amendments to the Company's website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Prince Silver Corp.
View the original press release on ACCESS Newswire
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