Prince Silver Corp. (PRNC:CSE; PRNCF: OTCQX; T130:FSE) reported that more than 10,000 meters of drilling had been completed at its Prince Silver Project in Nevada as the company continued drilling, historical data validation, metallurgical studies, and geological modeling toward a maiden NI 43-101 compliant mineral resource estimate targeted for early 2027.
The company was drilling hole PRC-63, the 38th hole drilled by the company since it began its own exploration program at the project last year. Prince Silver said the program had continued to intersect silver-gold-manganese-lead-zinc mineralization across multiple horizons, while deeper drilling had highlighted a gold-silver-rich sulphide component.
Prince Silver was also integrating its modern drilling results with a historical drilling database. Historical holes PRC-10 through PRC-25 had returned broad mineralized intervals, including higher-grade silver and gold zones. The company said its subsequent drilling had encountered mineralization within many of the same stratigraphic horizons while extending the system laterally and at depth.
Selected historical results included 53.34 meters grading 0.37 g/t gold, 97.82 g/t silver, 8.45% manganese, 2.13% lead, and 2.81% zinc in PRC-11. Another interval in the same hole returned 25.91 meters grading 0.72 g/t gold, 104.29 g/t silver, 9.66% manganese, 2.53% lead, and 1.84% zinc. Historical hole PRC-24 returned 24.38 meters grading 0.29 g/t gold, 123.38 g/t silver, 9.26% manganese, 1.04% lead, and 1.29% zinc.
Among the previously reported current drilling results, PRC-28 returned 3.05 meters grading 1,511.00 g/t silver, 14.17% manganese, 0.17 g/t gold, 2.19% lead, and 4.45% zinc, according to the company's August 27 update. PRC-45 returned 27.43 meters grading 93.67 g/t silver, 11.98% manganese, 0.12 g/t gold, 2.29% lead, and 2.48% zinc. Prince Silver's August 27 update also highlighted PRC-37, citing 6.10 meters grading 280.75 g/t silver, 0.68 g/t gold, 13.38% manganese, 2.35% lead, and 2.96% zinc.
Reported intervals were downhole lengths. Apparent widths were considered close to true widths where holes were drilled approximately perpendicular to gently dipping mineralized beds, although true widths had not been definitively established. Historical drilling results remained historical in nature and were being evaluated by the company.
Prince Silver had also completed drilling selected twin holes adjacent to historical drill collars, with results pending. The holes were designed to allow direct comparisons of historical and modern drilling results, including geology and the position, width, and grade of mineralized intervals.
"Both the historical drilling results and our recent work reinforce a strong and consistent geological narrative," Chief Executive Officer Derek Iwanaka stated in the news release. "The historical drilling established that Prince hosts a broad polymetallic mineralized system, while our modern drilling is adding density, confirming continuity and expanding our understanding of that system."
Earlier in 2026, Prince Silver more than doubled its land position at the project, completed an upsized CA$4.75 million financing, and graduated to the OTCQX Best Market under the symbol PRNCF.
Expert Sees September Rebound Potential
In an August 25 edition of his "What is Chen Buying? What is Chen Selling?" newsletter, Chen Lin said he had been adding shares of Prince Silver Corp. as one of several junior mining stocks that had been "beaten down" while awaiting drilling results.
"Other juniors that I have been adding are those beaten down but have significant drilling results coming, trading at below last financing price," Lin wrote. "I have been picking up PRNC.cn (Prince Silver)," for example.
Lin added, "I am hoping they will have good results and a big rebound in September."
Drilling, Validation, and Resource Work Continue Through Fall
Prince Silver anticipates additional assay results through the fall from ongoing and completed drilling. The company said it would continue step-out, infill, and depth testing, evaluation of the completed twin-hole results, metallurgical studies, and geological modeling.
The July 2026 presentation described the drilling program as including infill, step-out, and depth testing to expand the mineralized footprint, with additional assay results anticipated through the fall as drilling continues.
The presentation showed that metallurgical test work had been ongoing since late 2025, with multi-stage testing underway. It also identified the combination of new and historical drill data for an NI 43-101 mineral resource estimate as one of the project's 2026 work streams.
Evaluation of the recently completed twin-hole validation program is also expected to continue. Results are pending and will be reviewed by Prince Silver's technical team and independent resource consultants as part of their assessment of the historical drilling database. Further evaluation and validation of that database are among the milestones identified by the company as it works toward its maiden mineral resource estimate, now targeted for early 2027.
The company's expanded land position provided another area for subsequent work. According to the July presentation, Prince Silver had staked approximately 656 new acres, more than doubling the Prince Project land package. The new claims were located along the Great Western Fault corridor, and the expanded position covered more than 7 kilometers of prospective strike length along the mineralized fault system. The presentation said the additional ground supported future drill targets, infrastructure site planning, and advancement toward an initial mineral resource estimate.
Prince Silver also intends to increase its investor outreach during the fall. Iwanaka is scheduled to present at the Metals Investor Forum in Vancouver on Sept. 18 at 4:10 p.m. as part of Chen Lin's panel, with the conference running Sept. 18-19. The company also plans to attend the New Orleans Investment Conference from Oct. 28-31 and the Gold Advisor Summit on Nov. 5.
"The next several months are about converting the drilling progress we have made into an increasingly robust geological and resource story," Iwanaka stated. "We have additional drill results coming, twin-hole work just completed with assays pending, metallurgical studies progressing, and a growing modern dataset."
Streetwise Ownership Overview*
Prince Silver Corp. (PRNC:CSE; PRNCF: OTCQX; T130:FSE)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 07/11/25 | HWTN:CSE | 1 | PRNC:CSE | 0.75 |
Ownership & Share Information1
Management and insiders hold 4.88% of Prince Silver, according to the company's ownership information. The remaining shares are held by other shareholders.
Prince Silver has a market cap of CA$26.88 million, with 59.09 million shares outstanding. The company's 52-week range is CA$0.33-CA$0.93.
Important Disclosures:
- James Guttman 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.
