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Pacifica Silver (OTCQB: PAGFF) reported new high‑grade surface assays from the 100% owned Claudia silver‑gold project in Durango, Mexico, including up to 23.6 g/t Au and 480 g/t Ag from 325 samples collected in 2022.
The company has started a Phase I 8,000‑metre diamond drill program (begun Sept 22), completed 647 m in three holes as of Oct 8, operates two rigs (40–50 m/rig/day) and plans a third rig in November. Pacifica expects to apply for SEMARNAT permits to drill newly prioritized targets (Veta Justina, Mina Vieja) and aims to obtain permits in Q1 2026.
Pacifica Silver (OTCQB: PAGFF) has announced the issuance of 2.6 million stock options to its directors, officers, and consultants. The options have an exercise price of C$1.14 per share with a five-year exercise period.
The options will vest over 24 months, with 25% vesting every six months, starting with the initial vesting of 25% after the first six months. This grant aligns with the company's equity incentive plan and aims to foster long-term commitment while aligning leadership interests with shareholders.
["Alignment of management interests with shareholders through long-term incentives", "Structured 24-month vesting schedule promotes retention"]Pacifica Silver (OTCQB:PAGFF) has announced its Fall 2025 exploration program at the wholly-owned Claudia Silver-Gold Project in Durango, Mexico. The program includes an 8,000-metre Phase I drill campaign starting late September 2025, alongside property-wide exploration activities.
The project features an extensive 11 km-long horsetail structural complex with high-grade silver and gold mineralization. Previous drilling in 2021 yielded significant results, including 9.15 metres averaging 688 g/t silver equivalent and 4.15 metres of 554 g/t silver equivalent. The upcoming program will expand known high-grade zones and test undrilled targets.
The exploration plan includes surface sampling, geological mapping, and a 27-line km IP and resistivity geophysical survey in Q4 2025. Currently, only about 10% of the project's 30+ kilometers of known veins have been tested by drilling.
Pacifica Silver (OTCQB: PAGFF) has announced significant leadership changes with three key appointments. Daniel Kunz, former President and CEO of Prime Mining Corp, has been appointed as Chairman of the Board. Fernando Berdegué de Cima, previously CEO of Durango Gold, joins as President, while Octavio Lizardi, former Senior Structural Geologist at Newmont's Penasquito Mine, will serve as VP Exploration starting September 15, 2025.
The appointments strengthen Pacifica's leadership team as it advances the Claudia silver-gold project in Mexico. Kunz brings extensive experience in global mining and public company governance, Berdegué de Cima contributes expertise in sustainable mining practices, and Lizardi adds valuable experience in epithermal systems exploration. The company also announced the resignation of Director Darien Lattanzi.
[ "Appointment of Daniel Kunz as Chairman brings extensive experience from major mining projects including Oyu Tolgoi and Los Reyes", "New President Fernando Berdegué de Cima brings sustainability focus and prior experience as CEO of Durango Gold", "VP Exploration Octavio Lizardi brings 20+ years of relevant experience in precious metals exploration", "Strategic strengthening of management team with experts familiar with Mexican mining operations" ]Pacifica Silver Corp (CSE: PSIL, OTCQB: PAGFF) has announced its expansion into U.S. markets through a new listing on the OTCQB marketplace, effective September 4, 2025. The OTCQB Venture Market listing requires companies to meet strict reporting standards and management certification requirements.
CEO Todd Anthony emphasized that this strategic move aims to increase visibility to U.S. investors, enhance market liquidity, and broaden the company's shareholder base. The company will maintain its existing listing on the Canadian Securities Exchange under the symbol PSIL.
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