Tier One Silver Stock Price, News & Analysis

Tier One Silver Inc. (TSLVF) is an exploration-stage mining company focused on the discovery of silver, gold and copper deposits in South America. According to the company’s disclosures, Tier One Silver is an exploration company "focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits" and is currently concentrating on its flagship Curibaya project in southern Peru. The company’s shares trade on the TSX Venture Exchange under the symbol TSLV and on the OTCQB under the symbol TSLVF.

Tier One Silver describes Curibaya as its flagship exploration project. Multiple news releases state that Curibaya is located in southern Peru on a prolific copper porphyry belt and that it hosts high-grade silver, gold and copper exploration potential. The company reports that the project covers approximately 17,000 hectares and that six distinct silver-gold mineralized corridors and a compelling copper porphyry target have been identified within the property. Despite extensive mineralization indicators, the company notes that only a fraction of the property has been explored to date.

Curibaya project focus

Tier One Silver’s recent technical and corporate updates emphasize work at Curibaya. The company reports that it has completed an inaugural Phase 1 discovery drill program and extensive surface work, including channel sampling and geological mapping. These activities have outlined several key structural corridors and target areas, particularly the Sambalay, Madre, Tipal and Cambaya corridors. The company states that the Cambaya structural corridors (Cambaya 1 and Cambaya 2), located in the northeast area of the property, represent highly prospective precious metals target areas identified through surface sampling and geophysical interpretation.

According to the company, the Cambaya area is situated higher in topography and stratigraphy relative to other targets on the property and is interpreted to represent the upper part of an epithermal system. News releases describe a "precious metals window" associated with higher elevations and less erosion, with high arsenic anomalies and colloform quartz-silica textures supporting the interpretation that a preserved silver-gold horizon may occur at relatively shallow depth.

Exploration results and corridors

Tier One Silver has reported numerous high-grade channel sampling results from the Cambaya corridors and other parts of Curibaya. The company highlights channel samples with very high silver and gold grades over both narrow and broader intervals, and notes that these results have helped define multiple drill targets. In addition, the Phase 1 drill program produced intercepts in several corridors, including Sambalay, Madre and Tipal, which the company cites as evidence of a mineralized system with high-grade shoots.

The company’s technical commentary indicates that the main structural corridors at Curibaya are characterized by opening and closing geometries and epithermal-style vein and breccia systems. Mapping, geophysical data and geochemical anomalies have been used together to delineate preliminary drill pad locations and target areas for follow-up drilling, particularly in the Cambaya corridors and in additional zones such as Zone 3 and a polymictic breccia target.

Planned drilling and project advancement

Tier One Silver has outlined plans for a Phase 2 diamond drill program at Curibaya. According to the company, this program is expected to include approximately 1,150 metres of drilling from four platforms and seven drill holes, initially focused on the Cambaya 1 corridor. The stated objective is to test below high-grade channel samples and to evaluate high-resistivity geophysical features interpreted to correlate with quartz-silica structures. The company also indicates that scissor holes may be used to better understand the geometry of epithermal structures identified at surface, including follow-up below a high-grade intercept from the Phase 1 program.

The company notes that all planned Phase 2 drilling is within an existing drill permit held through its Peruvian subsidiary, Magma Minerals S.A.C., which allows for up to 200 drill holes from 22 drill pads and covers the Cambaya corridors and other target areas. Tier One Silver states that, subject to drill results and financing, it may consider expanding drilling activities within this permitted area.

Community agreements and operating context

Tier One Silver reports that it operates at Curibaya through its subsidiary Magma Minerals S.A.C. and that it has entered into social access agreements with the local Chipispaya community. The company has announced renewals and notarization of these agreements, which provide access for exploration activities and include commitments to support local employment and training initiatives. These agreements are described as essential for preparing and executing drilling and other field programs at the project.

Corporate updates emphasize that Tier One Silver has worked to maintain and extend these community partnerships, with agreements providing access into specific future periods and the possibility of further extensions through community assembly approvals. The company presents these relationships as part of its approach to responsible exploration and long-term collaboration with local stakeholders in southern Peru.

Capital markets and financing

Tier One Silver has disclosed several private placement financings and equity raises intended to fund exploration at Curibaya and general working capital. The company has undertaken non-brokered private placements involving units composed of common shares and warrants, and has reported insider participation in some offerings. It has also noted the use of proceeds for continued community engagement, exploration preparation and investigation of additional project opportunities.

In addition, Tier One Silver has granted incentive stock options to directors, officers and service providers, and has engaged external firms for corporate communications and capital markets support. The company’s disclosures reference a long-term incentive plan approved by shareholders and continuous disclosure filings available through Canadian securities regulators.

Geographic and sector classification

Based on the provided classification, Tier One Silver is associated with the Dimension Stone Mining and Quarrying industry within the broader Mining, Quarrying, and Oil and Gas Extraction sector. However, the company’s own descriptions consistently characterize its activities as mineral exploration for silver, gold and copper in Peru and more broadly in South America. Its technical disclosures focus on epithermal precious metals systems and porphyry-style copper targets rather than dimension stone production.

Per the company’s news releases, Peru is described as one of the world’s important silver jurisdictions, located along the Andean metallogenic belt and hosting high-grade silver and polymetallic deposits. Tier One Silver positions Curibaya within this broader regional context, citing the presence of large copper porphyry mines in southern Peru and the strategic significance of high-grade silver assets in the country.

Corporate governance and status

Tier One Silver continues to report on corporate governance matters such as annual general meeting results, director elections, auditor appointments and shareholder approvals of incentive plans. The company has not indicated in the provided materials that it has been acquired, merged, delisted or placed into bankruptcy. Instead, its disclosures describe ongoing exploration activities, financing efforts and project planning at Curibaya and the evaluation of additional project opportunities across South America.

Key points for investors and observers

• Tier One Silver is an exploration company focused on silver, gold and copper deposits, with a stated emphasis on creating value through discovery.
• The company’s flagship asset is the Curibaya project in southern Peru, where it has identified multiple high-grade silver-gold corridors and a porphyry copper target.
• Exploration work has included channel sampling, mapping, geophysics and a Phase 1 drill program, with a Phase 2 drill program planned to test priority targets, particularly in the Cambaya corridors.
• Operations at Curibaya are supported by social access agreements with the Chipispaya community and are conducted through the Peruvian subsidiary Magma Minerals S.A.C.
• Tier One Silver has raised capital through private placements and uses these funds for exploration, community engagement and working capital, while also considering additional project opportunities in South America.