Prince Silver Provides Update on 2025 Drilling Program at the Prince Project, Nevada

Rhea-AI Summary

Prince Silver (OTCQB:PRNCF) reported progress on its fully funded 2025 RC drilling program at the Prince Project, Nevada. The program plans ~30 RC holes totaling 21,000 ft (6,500 m); eight holes (~890–955 ft each) are complete and the first assay results are expected in early 2026. Drilling targets near-surface CRD silver-gold-manganese and sediment-hosted gold-silver zones along a ~3,500 ft structural corridor. An independent 2024 Exploration Target estimates 25–43 Mt with grades including 37–40 g/t Ag and 0.28–0.40 g/t Au, but this is not a NI 43-101 mineral resource.

Positive

• Fully funded 2025 program: 30 RC holes, 21,000 ft planned
• Eight RC holes completed: depths ~890–955 ft (271–291 m)
• Independent Exploration Target: 25–43 Mt with 37–40 g/t Ag

Negative

• Exploration Target is conceptual and not NI 43-101 compliant
• First modern assay dataset pending; results expected early 2026
• Approximately 500 ft of assayed cuttings per hole (~100 samples)

News Market Reaction

+0.25%

1 alert

+0.25% News Effect

On the day this news was published, PRNCF gained 0.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

2025 drill program size: 30 RC holes, 21,000 ft (6,500 m) Structural corridor length: 3,500 ft (~1,070 m) Historic drill holes: 129 holes, 16,606 m +5 more

8 metrics

2025 drill program size 30 RC holes, 21,000 ft (6,500 m) Planned scope of 2025 reverse-circulation drilling at Prince Project

Structural corridor length 3,500 ft (~1,070 m) Targeted mineralized structural corridor at Prince Project

Historic drill holes 129 holes, 16,606 m Historic drilling used to define Exploration Target

Exploration Target tonnage 25–43 Mt Conceptual Exploration Target per 2024 independent report (non‑NI 43‑101 resource)

Exploration Target Ag grade 37–40 g/t Ag Silver grade range within conceptual Exploration Target

Exploration Target Au grade 0.28–0.40 g/t Au Gold grade range within conceptual Exploration Target

Historic production tonnage 1.12 million tonnes Past production from historic Prince Mine

Historic Zn and Ag grades 4.5% Zn, 100 g/t Ag Average zinc and silver grades from historic Prince Mine production

Market Reality Check

Price: $0.5152 Vol: Volume 53,361 is 1.55x th...

high vol

$0.5152 Last Close

Volume Volume 53,361 is 1.55x the 20-day average of 34,339 shares. high

Technical Shares at $0.356 are trading below the $0.45 200-day moving average and 64% under the 52-week high.

Historical Context

5 past events · Latest: Nov 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 26	Drilling program update	Positive	+0.3%	Update on fully funded 2025 RC drilling and upcoming assay results.
Nov 04	Board/advisory change	Positive	+13.8%	Appointment of experienced exploration advisor and related stock option grant.
Oct 27	Private placement financing	Negative	-18.1%	Equity financing with units and warrants to fund exploration and working capital.
Oct 24	Promotional interview	Positive	-4.2%	CEO.CA interview outlining goals for maiden resource and large CRD target.
Oct 16	New exchange listing	Positive	+8.1%	Frankfurt Stock Exchange listing and strategic focus on Nevada assets.

Pattern Detected

Across the last five announcements, four price moves aligned with the apparent news tone and one diverged, with financing news drawing the largest negative reaction.

Recent Company History

Over recent months, Prince Silver has focused on advancing the Prince Project and broadening its market presence. A Frankfurt listing on Oct 16, 2025 expanded trading venues. A CEO.CA interview on Oct 24 highlighted goals for a maiden resource by mid-2026. A private placement on Oct 27 funded expanded drilling. On Nov 4, an industry veteran joined the advisory board. The current Nov 26 update details progress in the fully funded 2025 RC drill program.

Market Pulse Summary

This announcement detailed progress on a fully funded 2025 RC drill program of 30 holes totaling 21,...

Analysis

This announcement detailed progress on a fully funded 2025 RC drill program of 30 holes totaling 21,000 ft (6,500 m), targeting near-surface CRD and sediment-hosted mineralization. It reiterated a conceptual 25–43 Mt Exploration Target that is not NI 43‑101 compliant and outlined robust QA/QC procedures. Until assays expected in early 2026 arrive, key factors remain drilling continuity, target expansion, and eventual resource-definition work.

Key Terms

reverse-circulation, JORC, National Instrument 43-101, QA/QC, +2 more

6 terms

reverse-circulation technical

"2025 reverse-circulation ("RC") drilling campaign at the Prince Silver Project"

A drilling method used in mineral exploration where rock fragments are brought to the surface through an inner tube by air pressure, keeping samples relatively clean and separate from surface contamination. Think of it like a vacuum that lifts cuttings straight up so geologists get a clearer view of what rock and minerals are present underground. Investors care because reverse-circulation results are faster and often more reliable for estimating how much mineral or metal a deposit contains, which directly affects a project’s value and the credibility of exploration announcements.

JORC regulatory

"outlined in an independent report prepared following JORC guidelines (JORC standards"

An internationally recognized reporting standard for mining that sets rules on how companies must estimate and disclose the amount and quality of mineral resources and ore reserves. Think of it as a recipe and safety checklist that forces consistent, independently verifiable estimates about what is in the ground; investors use JORC-compliant reports to compare projects, judge how reliable the numbers are, and assess the financial and operational risk of a mining investment.

National Instrument 43-101 regulatory

"not an "inferred", "indicated" or "measured" mineral resource compliant with National Instrument 43-101"

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

QA/QC technical

"Quality Assurance / Quality Control (QA/QC) The QA/QC program has been designed"

QA/QC stands for Quality Assurance and Quality Control, processes used to ensure products or services meet certain standards. Think of it as a way to check that a product is safe and works properly before reaching consumers, similar to how a chef tastes food before serving it. For investors, strong QA/QC practices indicate a company's commitment to delivering reliable, high-quality offerings, reducing risks and building trust.

aqua regia digestion technical

"Samples are analyzed using 43-element MS-ICP with aqua regia digestion."

Aqua regia digestion is a laboratory method that uses a powerful mix of acids to dissolve metal-containing samples so their elemental makeup can be measured. Investors care because it’s a common way to prepare rock, soil, scrap, or product samples for precise testing of valuable or regulated elements (like gold, platinum, lead, or arsenic), and those test results inform resource estimates, environmental liabilities, regulatory compliance, and valuation. Think of it as using a concentrated cleaner to dissolve a sample so you can accurately see what’s inside.

gravimetric technical

"fire assayed for gold and silver using a one-assay-ton gravimetric method"

Gravimetric describes methods or measurements based on weight — determining the amount of a substance, material, or product by physically weighing it. For investors this matters because weight-based measurements are commonly used in quality control, production yields, and regulatory compliance; reliable gravimetric results help ensure product consistency, control costs and waste, and reduce regulatory or operational risk, all of which can affect a company’s financial performance.

AI-generated analysis. Not financial advice.

VANCOUVER, BC / ACCESS Newswire / November 26, 2025 / Prince Silver Corp. (CSE:PRNC)(OTCQB:PRNCF)(T130: Frankfurt)("Prince Silver" or the "Company) is pleased to provide the following progress update on its 2025 reverse-circulation ("RC") drilling campaign at the Prince Silver Project (the "Prince Project" or the "Project") in Lincoln County, Nevada, located approximately three kilometres southwest of the historic mining town of Pioche (See Figure 1 for location). The program is advancing well, with eight RC drill holes now completed and the first set of assay results expected in early 2026.

Advancing the Largest Modern Drill Program at Prince
The fully funded 2025 drill program comprises approximately 30 planned RC holes totaling 21,000 feet (6,500 metres). Current drilling is focused on evaluating near-surface (less than 300 metres), carbonate replacement (CRD) silver-gold-manganese and base metal mineralization, and sediment-hosted gold-silver zones along a 3,500-foot (~1,070 metres) structural corridor that ranges in width from 600 to 1,200 feet (~180-360 metres). Mineralization at the Project remains open in all directions within shallow zones presenting open-pit mining potential.

The Pioche mining district is one of Nevada's most well-known polymetallic camps, and historical records highlight the importance of the past producing Prince Mine within the camp. Previous production from the historic Prince Mine totaled 1.12 million tonnes grading 4.5% zinc, 100 grams per tonne ("g/t") silver, 2.8% lead, and 0.5 g/t gold, (Gemmill, 1970), mined from underground high grade sulphide replacement zones within limestone and near-surface oxidized manganese-rich material.

Derek Iwanaka, Chief Executive Officer of Prince Silver Corp., commented:

"This is the largest modern drill program undertaken at the Prince Project since historical drilling in 2012, and thus far we are very encouraged by the geological indicators we are seeing across the completed holes. With independent laboratory assaying for six holes now underway, we anticipate entering an interesting period of news flow for the Company in the coming year. Results are expected to provide critical insight into the scale and continuity of mineralization across the "Exploration Target," as defined below and, across the broader mineralized system helping to shape the next phase of drilling, with the objective of incorporating the new data into an initial 43-101 compliant mineral resource estimate. We believe Prince is just beginning to demonstrate its potential as a significant silver-gold-manganese (polymetallic) exploration asset in Nevada."

Historical drilling at the Prince Project identified an exploration target (the "Exploration Target") as outlined in an independent report prepared following JORC guidelines (JORC standards for the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) by OmniGeoX Exploration Consultants of Perth, Australia, based on historical surface and underground drilling. The report is titled "Prince Project Exploration Target", dated April 24, 2024, authored by Dr. Lachlan Rutherford and Michael Martin (OmniGeoX Exploration Consultants, 2024, Prince Project Exploration Target, Independent Report prepared for Prince Silver Corp.). The Exploration Target was based on 129 historic drill holes drilled through mineralized carbonate replacement beds and host Pioche Shale up to 300 metres in depth. Mineralized polymetallic intersections based on historical block modelling suggest the immediate Exploration Target is between 25-43Mt with grades ranging from 1.44-1.57% Zn, 0.78-0.87% Pb, 0.28-0.40g/t Au, 37-40g/t Ag and 3.62-4.30% Mn.

More comprehensive details on the Exploration Target and historic production are also available in the Company's press release dated February 27, 2025, available on the Company's web site and at SEDAR+ (Prince Silver Corp., 2025, Historic Drilling and Production Summary, News Release dated February 27, 2025, SEDAR+ Filing).

Readers are cautioned that the Exploration Target is not an "inferred", "indicated" or "measured" mineral resource compliant with National Instrument 43-101 ("NI 43-101"). The Exploration Target has been determined based upon 129 historic drill holes totaling 16,606 metres, historic production records including mine level plans and 3D modelling of mineralization and geology. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource. 

2025 Drilling Progress
Previous drilling has documented substantial mineralized thicknesses at Prince, including CRD zones up to 370 feet (~112 metres) and sediment-hosted gold-silver mineralization up to 160 feet (~49 metres). The ongoing program is designed to infill drill to reduce drill spacing between historic drill holes testing known mineralized zones continuity and through step out drilling to test potential expansion of the known mineralized system using modern sampling, logging, and analytical procedures.

As of the date of this news release, the following RC holes have been completed to the following depths:

PRC-26 - 955 ft (291 m)
PRC-27 - 925 ft (282 m)
PRC-28 - 920 ft (280 m)
PRC-29 - 920 ft (280 m)
PRC-30 - 890 ft (271 m)
PRC-31 - 955 ft (291 m)
PRC-32 - 945 ft (288 m)
PRC-33 - 950 ft (289 m)

Continuous 5-foot (~1.5-metre) RC chip samples were collected from each hole, and all intervals were logged by a Company geologist under the supervision of a Registered Professional Geologist. Approximately 100 samples per hole were collected from mineralized zones for assaying, representing roughly 500 feet (~152 metres) of assayed drill cuttings. Samples selected for assaying were based on mineralization and alteration.

Outlook:
With drilling and analytical work well underway, Prince Silver is expecting to enter a more news catalyst-rich period in 2026. The pending assay results represent the first major modern dataset generated at the Prince Project and are expected to refine geological models, guide follow-up targeting, and help evaluate extensions of both the CRD and sediment-hosted systems.

Figure 1. Prince Project Location Map, Nevada

Quality Assurance / Quality Control (QA/QC)
The QA/QC program has been designed to meet or exceed CIM and AUSIMM standards. Duplicate samples are extensively used to provide verification both at the primary analytical laboratory and at a second independent laboratory as the program progresses. In addition, a certified field standard is inserted for each drill hole set, and sample blanks are randomly included, with no more than one per hole.

All samples are shipped to the laboratory under secure, standard chain-of-custody procedures. Samples are analyzed using 43-element MS-ICP with aqua regia digestion. Samples exceeding limits for Mn, Zn, or Pb are further tested using wet chemical assays. Most samples are also fire assayed for gold and silver using a one-assay-ton gravimetric method, and an average of four samples per hole will have specific gravity measurements conducted at the laboratory.

The principal analytical laboratory for the program is Skyline Assayers & Laboratories Inc., located in Tucson, Arizona. Skyline is an ISO-accredited facility.

Qualified Person Statement
The technical information in this news release has been reviewed and approved by John Hiner, SME Registered Member and Independent Geological Consultant to Prince Silver Corp., who is a "Qualified Person" as defined by National Instrument 43-101.

About Prince Silver Corp.
Prince Silver Corp. is a silver exploration company advancing its flagship Prince Silver Project in Nevada, USA, featuring a near-surface, historically drilled deposit that remains open in all directions. The Company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest, highlighting Prince Silver's focus on high-potential, strategically located exploration assets.

On Behalf of the Board of Directors
Derek Iwanaka, Chief Executive Officer
Tel: 236-335-9383
Email: info@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.

SOURCE: Prince Silver Corp.

View the original press release on ACCESS Newswire

FAQ

What drilling has Prince Silver completed at the Prince Project (PRNCF) in 2025?

Prince Silver completed eight RC holes in 2025, each ~890–955 ft, as part of a 30-hole program.

When will Prince Silver (PRNCF) release assay results from the 2025 drill program?

The company expects the first set of assay results in early 2026.

How large is the 2024 Exploration Target for the Prince Project (PRNCF)?

The 2024 independent Exploration Target is estimated at 25–43 Mt with grades including 37–40 g/t Ag and 0.28–0.40 g/t Au.

Does the Exploration Target for Prince Project (PRNCF) equal a mineral resource?

No. The Exploration Target is conceptual and is not an inferred, indicated, or measured NI 43-101 mineral resource.

What analytical methods will Prince Silver use for 2025 drill samples (PRNCF)?

Samples undergo 43-element MS-ICP with aqua regia, wet chemical for high Mn/Zn/Pb, and fire assay gravimetric for Au/Ag.

What is the expected near-term catalyst for Prince Silver (PRNCF) investors?

Pending early 2026 assay results are the primary near-term catalyst to refine models and guide follow-up drilling.