On April 14, 2026, Pacifica Silver Corp. (PSIL:CSE; PAGFF:OTCQB) released assay results from the first 16 holes of its Phase 1 diamond drilling program of the Claudia Silver-Gold Project in the El Papantón mining district in Durango State, Mexico. The project is 100% owned by Pacifica Silver. The Phase 2 program began in January 2026 and is expected to wrap up in June 2026, with nearly 10,000 of a total 20,000 meters drilled.
The campaign found 14 of the 16 holes showing intersected silver-gold mineralization, with multiple high-grade intercepts.
In the Aguilareña area, highlights of the results include:
- 90 m @ 1.21 g/t Au (Gold) & 323 g/t Ag (Silver) (428 g/t AgEq) from 35.10 m, including 1.50 m @ 1.31 g/t Au & 783 g/t Ag (896 g/t AgEq), in hole 26CLAU077D.
- 05 m @ 3.91 g/t Au & 79 g/t Ag (415 g/t AgEq) from 144.25 m, including 0.80 m @ 10.30 g/t Au & 214 g/t Ag (1,100 g/t AgEq), in hole 26CLAU076D.
- Hole 26CLAU074D intersected two high-grade veins in the Aguilareña hanging wall:
- 20 m @ 3.22 g/t Au & 32 g/t Ag (309 g/t AgEq) from 139.05 m, including 0.50 m @ 9.28 g/t Au & 42 g/t Ag (840 g/t AgEq); and
- 60 m @ 2.54 g/t Au and 49 g/t Ag (268 g/t AgEq) from 144.20 m, including 0.65 m @ 8.27 g/t Au & 96 g/t Ag (807 g/t AgEq).
- 35 m @ 13.90 g/t Au & 62 g/t Ag (1,258 g/t AgEq) from 157.25 m in hole 26CLAU068D.
- 60 m @ 11.65 g/t Au & 52 g/t Ag (1,063 g/t AgEq) from 128.60 m in hole 26CLAU078D.
In the Central Vein area, highlighted results include: 2.70 m @ 1.71 g/t Au & 124 g/t Ag (271 g/t AgEq) from 78.70 m, including 0.60 m @ 4.44 g/t Au & 324 g/t Ag (706 g/t AgEq), in hole 26CLAU079D.
Todd Anthony, CEO of Pacifica Silver, said of the results, "These initial Phase II results highlight strong consistency at the Claudia project, with 14 of 16 holes intersecting silver-gold mineralization, several of which exceeded 1,000 g/t AgEq. These results successfully extend the Aguilareña vein down-dip by up to 150 meters and confirm robust subsurface vein continuity along 1.9 kilometers of strike length. The first hole drilled at the Central vein this year also delivered high-grade mineralization that exceeds prior results in the area. Together, these results reinforce our confidence in the scale, continuity, and significant overall potential of this high-grade silver-gold system. We look forward to reporting further results as the Phase II program advances."
Pacifica Silver is a Canadian resource company exclusively focused on its 100%-owned Claudia Silver-Gold Project in Durango, Mexico.
Gold & Silver Steadying
Gold is usually stronger when the dollar is weaker, and Kitco reported on April 15 that, "The dollar's turnaround has been swift, with Bloomberg's dollar index dropping 1.9% in April after jumping 2.4% in March, as the U.S. and Iran started to discuss a resolution to the conflict." President Trump has signaled that the U.S.-Iran War may soon end, with new peace talks in the works.
The prospect of a peace deal has affected the market. "U.S.-Iran talks can reduce geopolitical risk and increase investor confidence in equities. This may lower demand for safe-haven assets like gold and silver, causing short-term price declines," wrote Gandharv Walia for Economic Times on April 14, 2026.
Still, gold and silver are doing fairly well this week, despite dropping overnight among peace talk anticipation. "Technically, June gold futures bulls' next upside price objective is to produce a close above solid resistance at US$5,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at US$4,500.00. First resistance is seen at today's high of US$4,895.40 and then at US$4,950.00. First support is seen at US$4,800.00 and then at US$4,750.00," wrote Jim Wyckoff for Kitco on April 15, 2026.
In regard to silver futures, Wyckoff wrote, "May silver futures bulls see their next upside price objective for the bulls is closing prices above solid technical resistance at US$85.00. The next downside price objective for the bears is closing prices below solid support at US$70.00. First resistance is seen at US$80.00 and then at today's high of US$81.155. Next support is seen at US$77.00 and then at US$75.00."
Skittish investors are looking to experts for advice during this uncertain market. In response, Walia ended his article for the Economic Times by writing, "Analysts said the current market mood reflects a wait-and-see approach. Investors are watching oil price movements, geopolitical developments, and interest rate signals."
The Right Direction, Analysts Say
According to FactSet, on February 5, 2026, Raymond James analyst Craig Stanley gave Pacifica Silver Corp. an Overweight rating with a target price of CA$2.85.
Jeff Valks gave Pacifica Silver a 'Buy' rating in an April 14, 2026, assessment for The Gold Advisor, arguing that the continuity of mineralization in this area consistently grows along strikes and depth, which he says is, ". . . exactly the direction strong vein systems usually reward."
Streetwise Ownership Overview*
Pacifica Silver Corp. (PSIL:CSE;PAGFF:OTCQB)
Valks noted that he holds a long position on the stock, while his colleague, Jeff Clark, maintains an overweight position with no plans to sell.
Exploring Further Sites
Pacifica Silver's investor presentation asserts that the Claudia Project is high-grade and drill-ready, with plans to delineate targets in project pipeline through district-scale exploration of the Lizeth, La Concepcion, La Providencia, Don José veins."
Ownership & Share Structure1
Pacifica Silver Corp. has a market cap of CA$79.21 million, with 60.59 million shares outstanding. The company's 52-week range is CA$0.35-CA$2.48.
Institutions hold 8.91% of shares, while Management & Insiders own 10.74%. Strategic Investors own 16.51% of shares, and the remaining 63.84% of shares are held by Retail.
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Important Disclosures:
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
