Prince Silver Builds Momentum Toward Maiden Mineral Resource Estimate After Completing More Than 10,000 M Of Drilling
| Program | Hole | Interval | Au (g/t) | Ag (g/t) | Mn (%) | Pb (%) | Zn (%) |
| Historical | PRC-10(1) | 36.58 m | 1.46 | 49.60 | 0.05 | 0.13 | 0.76 |
| Historical | PRC-11(1) | 53.34 m | 0.37 | 97.82 | 8.45 | 2.13 | 2.81 |
| Historical | PRC-11(1) | 25.91 m | 0.72 | 104.29 | 9.66 | 2.53 | 1.84 |
| Historical | PRC-24(1) | 24.38 m | 0.29 | 123.38 | 9.26 | 1.04 | 1.29 |
| Current | PRC-28(2) | 3.05 m | 0.17 | 1,511.00 | 14.17 | 2.19 | 4.45 |
| Current | PRC-44(5) | 15.24 m | 2.41 | 68.50 | 0.63 | 1.98 | 0.66 |
| Current | PRC-45(4) | 27.43 m | 0.12 | 93.67 | 11.98 | 2.29 | 2.48 |
| Current | PRC-47(5) | 30.48 m | 0.12 | 39.35 | 11.87 | 2.36 | 1.42 |
Locally higher-grade zones add another dimension to the system. PRC-37(3), for example, returned 6.10 metres grading 280.75 g/t silver, 0.68 g/t gold, 13.38% manganese, 2.35% lead and 2.96% zinc.
1) See Prince Silver Corp. news release dated July 11, 2025 and associated NI 43-101 technical disclosure for previously reported historical drilling results.
2) See Prince Silver Corp. news release dated January 13, 2026 for previously reported drilling results.
3) See Prince Silver Corp. news release dated March 18, 2026 for previously reported drilling results.
4) See Prince Silver Corp. news release dated May 19, 2026 for previously reported drilling results.
5) See Prince Silver Corp. news release dated June 24, 2026 for previously reported drilling results.
Selected intervals are representative examples selected to illustrate resource-scale width, continuity and mineralization style and are not ranked on a metal-equivalent basis. No new assay results are being reported in this news release. Historical drilling results are historical in nature and are being evaluated by the Company.
Reported intervals are downhole lengths. Apparent widths are considered close to true widths where holes were drilled approximately perpendicular to gently dipping mineralized beds; true widths have not been definitively established.
Linking Historical and Modern Drilling
The historical drilling database represents an important asset for Prince as it provides additional information on the extent and continuity of mineralization beyond the Company's drilling. Many historical holes returned broad mineralized intervals over tens of metres, including PRC-11 and PRC-24, while other holes such as PRC-10 and PRC-25 highlighted the gold-bearing component of the system.
Prince Silver's current drilling has continued to encounter similar styles of mineralization across the Project, including broad silver-manganese-lead-zinc zones in the upper horizons and gold-silver-rich mineralization at depth. The Company believes the combination of a growing modern dataset and potentially validated historical drilling could provide a more comprehensive foundation for geological modelling and resource estimation. See Figure 1 for locations of recent drill holes and selected highlight holes to date.
Twin-Hole Validation Program
The Company has just completed drilling selected twin holes adjacent to historical drill collars and results are pending. These holes were designed to provide direct comparisons between historical and modern drilling results, including geology, mineralized interval position, width and grade. The results will be reviewed by the Company's technical team and independent resource consultants as part of their assessment of the historical database.
Once the historical drilling can be appropriately validated for use, the Company believes the combined dataset could materially strengthen the geological model and provide additional drilling density as Prince advances toward its maiden mineral resource estimate.
Fall Exploration and Corporate Catalysts
Prince expects exploration activity and news flow to remain active through the fall. The Company anticipates additional drilling results as assays are received from the ongoing program and will continue step-out, infill and depth testing, evaluation of the completed twin-hole results, metallurgical studies and geological modelling.
Key upcoming milestones include:
- Additional assay results from ongoing and completed drilling;
- Results from the recently completed twin-hole validation program;
- Continued metallurgical studies and geological modelling;
- Further evaluation and validation of the historical drilling database; and
- Continued advancement toward a maiden MRE targeted for early 2027.
The Company also intends to increase its investor outreach as the technical story at Prince continues to develop. Prince Silver is scheduled to attend the Metals Investor Forum in Vancouver on September 18-19, 2026, where Derek Iwanaka will present on September 18 at 4:10 p.m. as part of Chen Lin's panel. The Company also plans to attend the New Orleans Investment Conference from October 28-31 and the Gold Advisor Summit on November 5, 2026.
Earlier in 2026 and encouraged by the results to date, Prince Silver more than doubled its land position at Prince, completed an upsized $4.75 million financing and graduated to the OTCQX Best Market under the symbol PRNCF, strengthening the Company's position as it advances the next phase of exploration and resource-development work.
"The next several months are about converting the drilling progress we have made into an increasingly robust geological and resource story," added Iwanaka. "We have additional drill results coming, twin-hole work just completed with assays pending, metallurgical studies progressing and a growing modern dataset. At the same time, we intend to step up our investor outreach this fall so that the market can better understand the scale of the work being completed at Prince."
Figure 1: Map of Selected Drilling Results To Date
To view an enhanced version of this graphic, please visit:
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Patrick Toth, Exploration Manager of Prince Silver Corp., 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 polymetallic system that remains open in multiple directions. The Company is advancing a substantial modern drill program, metallurgical studies and geological modelling toward a maiden NI 43-101 compliant mineral resource estimate. Prince Silver also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located approximately 15 km north-northwest of the Prince Silver Project, highlighting the Company's focus on high-potential, strategically located exploration assets in Nevada.
On Behalf of the Board of Directors
Derek Iwanaka, CEO & Director
Tel: 236 335-9383
Email: ...
Website:
Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "plans," "estimates," "potential," "continues," "ongoing," "may," "will," and similar expressions, or statements that events, conditions or results "could" or "should" occur or be achieved.
Forward-looking statements in this news release include, but are not limited to, statements regarding the interpretation of current and historical drilling results; the scale, continuity, extent and potential of mineralization; the potential validation and use of historical drilling data in a future mineral resource estimate; the results and significance of twin-hole drilling; the timing and completion of additional drilling, assay results, metallurgical studies and geological modelling; the timing and completion of a maiden NI 43-101 compliant mineral resource estimate; the potential contribution of historical drilling to resource modelling; future exploration programs; and the Company's planned investor outreach and participation in future conferences.
These forward-looking statements are based on a number of assumptions, including, among other things, assumptions regarding the continuity of mineralization between drill intercepts; the accuracy and reliability of historical and current exploration data; the ability to appropriately validate portions of the historical drilling database; the accuracy of geological interpretations; the availability of financing, personnel, equipment and drill rigs on reasonable terms; the receipt of required permits, approvals and authorizations; and general business, economic and capital market conditions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such factors include, without limitation, risks relating to exploration and development; the possibility that historical drilling cannot be validated or used in a mineral resource estimate; the possibility that drilling results will not be consistent with the Company's expectations; risks related to geological interpretation, modelling and metallurgy; uncertainty regarding the timing or outcome of a mineral resource estimate; permitting and regulatory risks; financing and market risks; commodity price fluctuations; and other risks described in the Company's continuous disclosure filings.
Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update or revise them, except as required by applicable law.
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Source: Prince Silver Corp.
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