Trinity One Metals Ltd. (TOM: TSXV; ARJNF:OTC) released updates on its Silver-1 mine in Ecuador and its Victory project in Mongolia on June 10, 2026. Trinity One, also known as TOM, is currently advancing Silver-1 through a technical program focused on sampling tailings, evaluating waste rock, and geophysical planning to generate priority diamond drill targets. With three holes completed at the Victory project, assay results for 600 meters of drilling are pending.
Highlights from the two projects include:
- Initial samples of tailings from Silver-1 returned 132.82 g/t silver and 0.58 g/t gold, and 118.47 g/t silver and 0.50 g/t gold.
- Initial waste rock sampling from the historic Silver-1 mine area returned results including 405.27 g/t silver and 3.07 g/t gold.
- The company has completed a three-hole diamond drilling campaign at the Victory project in Mongolia for a total of approximately 600 meters and is currently awaiting assay results.
Silver-1 is located in Ecuador, located in the historic silver district of San Bartolomé. TOM recently completed a 3D mapping program at Silver-1 to get a modern map to support planned sampling, geophysical work, future drilling, and environmental planning. Plans are to focus on systemic evaluation of the project's tailings and waste rock areas, while advancing drill target generation to define an NI 43-101 compliant resource.
The Victory project in Mongolia has completed three drill holes, totaling 600 meters, to test priority targets identified from previous geological, geochemical, and geophysical work. Core samples have been logged, sampled, and submitted for laboratory analysis. TOM will provide updates once the results have been received.
Thomas Wood, CEO of TOM, said in the release: "Silver-1 is moving from historical review into modern field execution. Initial silver results from the tailings material are encouraging, particularly as the results received to date are broadly consistent with the historical 2007 sampling data. The company is moving beyond initial sampling toward a systematic 15-meter by 15-meter tailings program designed to test the grade, thickness, and continuity of the material across the tailings area. This work will give us a much clearer understanding of the scale, grade distribution, and potential pathways to realize future value from the tailings. In Mongolia, we are pleased to have completed our three-hole diamond drilling campaign at Victory. We now have two active technical workstreams across the portfolio, with assay results pending from Victory and further fieldwork expected from Silver-1."
Trinity One Metals Ltd is a Canadian precious and base metals explorer focused on projects within Ecuador and Mongolia.
Gold and Silver Bullish Despite Dips
Gold remains a safe haven asset but is still vulnerable to fears of inflation and geopolitical uncertainties, as has been evidenced by the ongoing war between the U.S. and Iran.
A May 29 article by Investing.com discussed how these tensions are affecting the metals markets, saying, "In the current environment, investors are increasingly worried that higher oil and energy costs linked to the Middle East crisis could fuel broader inflation pressures, forcing the Federal Reserve to maintain restrictive monetary policy." Often immune to stock fluctuations due to its critical usage needs, renewed suspicion of U.S. tariffs on China's copper exports has also caused the rates to drop. A strong U.S. dollar, a good employment report, and the 10-year Treasury yield holding strong have also created bad news for spot gold prices.
The gold market opened lower on June 12, 2026. Spot gold was trading down 0.04% at US$4,210.10 after taking a tumble over the past week. Silver was down 0.49% at US$67.03.
Gold surged to a record high earlier in the year, hitting a high of US$5,000 per ounce in January, and many expect the rally to resume once international conflict cools down. In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."
With its industrial usage, silver is more than a speculative buy, even with its vulnerability. Higher demand from electric cars, solar panels, data centers, and more is shoring up silver's future demand. Yahoo Finance quoted experts from both BlackRock and J.P. Morgan as saying, " By the end of 2026, experts predict silver's price will surpass US$80 per ounce, and it could reach US$100 per ounce by 2030."
Streetwise Ownership Overview*
Trinity One Metals Ltd. (TOM: TSXV;ARJNF:OTC)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 08/14/25 | ARJN | 1 | TOM | 1 |
| 06/17/24 | ARJN | 40 | ARJN | 1 |
| 06/12/20 | STAR | 1 | ARJN | 1 |
| 04/25/17 | TQC.P | 1 | STAR | 1 |
Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.
Expert Impressed by Progress
On June 10, 2026, Chen Lin of What is Chen Buying? What is Chen Selling? wrote about the company, saying: "TOM.v reported very good progress in starting up the Silver-1. Initial samples of tailings from Silver-1 returned 132.82 g/t silver and 0.58 g/t gold, as well as 118.47 g/t silver and 0.50 g/t gold. Initial waste rock sampling from the historic Silver-1 Mine area returned results including 405.27 g/t silver and 3.07 g/t gold. Trinity One is preparing a systematic tailings drilling and sampling program, currently expected to commence in July 2026.
Building Community Relations
TOM is preparing a systematic tailings drilling and sampling program, currently expected to commence in July 2026.
Community engagement is advancing, with the company targeting completion of the current engagement phase by the end of June 2026.
Ownership & Share Information1
Trinity One Metals Ltd has a market cap of CA$11.77 million, with 67.23 million shares outstanding. The company's 52-week range is CA$0.04-CA$0.50.
Strategic Investors own 4.40% of shares, while Management and Insiders own 4.63%. The remaining 90.97% 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.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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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.
