Prince Silver Corp. (PRNC:CSE; PRNCF: OTCQX; T130:FSE) reported on October 6, 2026, two of the widest silver-polymetallic intersections to date from its ongoing reverse circulation drill program at the Prince Silver Project in Nevada, with PRC-59 returning 47.24 m (meters) at 68.17 g/t Ag (silver), with 119.13 g/t AgEq (silver equivalent), and PRC-60 returning 36.58 m at 86.30 g/t Ag, with 146.27 g/t AgEq, both near historical mine workings in the Lyndon Limestone.
Key Investor Takeaways
- PRC-59 and PRC-60 delivered the broadest polymetallic intersections to date at shallow depths near historical workings, confirming mineralization remains around the old mine.
- Repeated intersections across Lyndon Limestone, Pioche Shales, and Combined Metals Bed strengthen the stacked-horizon model and support maiden resource work targeted for early 2027.
- High-grade sub-intervals, such as 1.52 m at 1,215 g/t Ag in PRC-54, highlight potential for both bulk tonnage and selective high-grade zones.
- 41 holes and 11,251 m completed as of late September 2026 provide substantial new data to integrate with historical records.
- OTCQX listing (PRNCF) and recent financing support ongoing exploration and resource development work in a district with significant historical production.
Results Show Significant Mineralization
The results come from nine RC (reverse circulation) drill holes (PRC-51 through PRC-60, excluding PRC-56) and underscore the scale and continuity of mineralization near past-producing areas while advancing the geological model for a maiden NI 43-101 Mineral Resource Estimate (MRE) targeted for early 2027. As of the time of writing, Prince Silver has completed 41 holes totaling 11,251 m.
Highlights from the release include:
- PRC-59: 47.24 m at 68.17 g/t Ag (119.13 g/t AgEq), 9.57% Mn (manganese), 2.40% Zn (zinc), 1.95% Pb (lead), 0.26 g/t Au (gold) from 62.48 m; plus 6.10 m at 142.50 g/t Ag (208.28 g/t AgEq), 10.95% Mn, 4.05% Zn, 3.01% Pb, 0.22 g/t Au in shallower Chisholm Shale.
- PRC-60: 36.58 m at 86.30 g/t Ag (146.27 g/t AgEq), 9.46% Mn, 3.08% Zn, 2.20% Pb, 0.28 g/t Au from 64.01 m; plus 16.76 m at 85.98 g/t Ag (115.69 g/t AgEq), 5.61% Mn, 1.50% Zn, 1.66% Pb, 0.21 g/t Au in Combined Metals Bed, including 1.52 m at 347.00 g/t Ag (365.87 g/t AgEq).
- PRC-54: 3.05 m at 619.60 g/t Ag (665.07 g/t AgEq), 2.105 g/t Au, 3.66% Zn, 0.15% Pb in Pioche "D" Shale, including 1.52 m at 1,215.00 g/t Ag (1,297.58 g/t AgEq), 4.16 g/t Au, 6.67% Zn, 0.13% Pb.
- PRC-55: 4.57 m at 106.10 g/t Ag (238.77 g/t AgEq), 13.0% Mn, 2.98% Zn, 1.29% Pb, 1.816 g/t Au in Combined Metals Bed.
- PRC-58: 4.57 m at 55.57 g/t Ag (119.36 g/t AgEq), 8.74% Mn, 3.92% Zn, 2.09% Pb, 0.05 g/t Au in Pioche "B" Shale; plus 3.05 m at 51.47 g/t Ag (231.48 g/t AgEq), 2.16 g/t Au, 4.48% Zn, 0.90% Pb in Pioche "D" Shale.
- PRC-51: Multiple intervals in Combined Metals Bed totaling 13.72 m at 77.60 g/t Ag (with sub-intervals up to 265 g/t Ag) and 4.57 m at 83.30 g/t Ag in Pioche "D" Shale.
- PRC-52 and PRC-53: Narrower intercepts in Combined Metals Bed and Pioche units with grades ranging 41.10 to 75.20 g/t Ag and associated base metals.
These modern results allow comparison with historical underground drilling and support validation of the historical database of 129 holes for resource modeling.
Derek Iwanaka, CEO of Prince Silver, commented in the release, "PRC-59 and PRC-60 have delivered two of our most substantial broad polymetallic intersections to date. It is especially exciting to find shallow intervals of this scale near historical workings: they show that meaningful mineralization remains around the old mine. We are also repeatedly encountering mineralization in the Lyndon Limestone, Pioche Shale, and Combined Metals Bed. PRC-60 offers a close comparison with historical underground drilling, while the pending twin-hole assays will help test the historical database. Together, these modern results are sharpening our geological model and building confidence in the technical foundation for a maiden mineral resource estimate."
Prince Silver Corp. is advancing the past-producing Prince Silver Project in the Pioche Mining District, Lincoln County, Nevada, a carbonate replacement deposit system with silver, gold, manganese, zinc, and lead. The company also holds the Stampede Gap porphyry copper-gold-molybdenum project.
Industrial Demand Provides Support for Silver
Silver has pulled back from its early 2026 highs, but the metal remains significantly above year-ago levels. As of October 7, 2026, Fortune reported silver at approximately US$60 per ounce, down from US$61.19 the previous day and roughly 9% below its level one month earlier. Despite the recent correction, silver was still more than 25% above its price a year earlier, reflecting the metal's strong performance over the longer term.
The recent volatility has reflected many of the same macroeconomic forces affecting gold, including movements in the U.S. dollar, Treasury yields, and expectations for Federal Reserve policy. On September 24, 2026, the CME Group reported that silver futures fell approximately 3.4% over two sessions after stronger-than-expected economic data boosted the dollar and reinforced expectations for restrictive monetary policy. At the same time, an extension of the U.S.-China trade truce helped provide a floor for silver by reducing near-term concerns about manufacturing disruptions and supporting the outlook for industrial demand.
Chen Lin of What is Chen Buying? What is Chen Selling? weighed in on the company, writing that the company "finally reported good drilling results."
Silver's fundamentals remain tied to both investment demand and industrial consumption. The Silver Institute expects the global silver market to remain in deficit for a sixth consecutive year in 2026, with a projected shortfall of approximately 67 Moz. The institute forecasts total supply to increase 1.5% to 1.05 billion ounces, while mine production is expected to rise 1% to 820 Moz. Physical investment is forecast to increase 20% to 227 Moz, potentially offsetting declines in industrial, jewelry, and silverware demand.
Industrial demand presents a more mixed picture. The Silver Institute expects silver industrial fabrication to decline 2% in 2026 to approximately 650 Moz, partly because manufacturers in the photovoltaic sector are reducing their use of silver or substituting other materials as prices rise. However, demand from data centers, artificial intelligence-related technologies, and automotive applications is expected to provide support. The institute's World Silver Survey 2026 also noted that these newer industrial applications could help offset some of the longer-term erosion in demand from photovoltaics.
Chen Lin Calls Out "Conservative" Results
On October 6, 2026, Chen Lin of What is Chen Buying? What is Chen Selling? weighed in on the company, writing that the company "finally reported good drilling results. Drill holes PRC-59 and PRC-60 intersected 47.24 meters at 68.17 g/t Ag (119.13 g/t AgEq) and 36.58 meters at 86.30 g/t Ag (146.27 g/t AgEq), respectively, within the Lyndon Limestone near historical mine workings."
He continued, "These are near the surface and wider than the previously drilled hole PRC-45. Note they are not including manganese until it is proven recoverable, on the conservative side."
Catalysts Remain in 2026
The company's September 2026 corporate presentation identifies additional assay results from the ongoing drill program as a near-term catalyst, with infill, step-out, and depth drilling intended to expand the mineralized footprint.
The company is also advancing metallurgical test work, which has been underway since 2025, while its largest planned milestone is a maiden NI 43-101 MRE targeted for early 2027, combining new drilling with historical data.
The company has now completed more than 10,000 meters of drilling, and its latest results include two of its widest silver intersections to date, providing additional near-term potential for drill result news flow ahead of the resource estimate.
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
Prince Silver Corp. has a market cap of CA$24.21 million, with 59.04 million shares outstanding. The company's 52-week range is CA$0.33-CA$0.85.
Management & Insiders own 4.90% of shares.
Frequently Asked Questions
Q: What are the standout drill intercepts from the October 6 release?
A: PRC-59 (47.24 m at 68.17 g/t Ag / 119.13 g/t AgEq) and PRC-60 (36.58 m at 86.30 g/t Ag / 146.27 g/t AgEq) are the widest to date, with additional high-grade hits like 1.52 m at 1,215 g/t Ag in PRC-54.
Q: How does this drilling advance the resource timeline?
A: The new assays and geological observations help validate historical data and refine the model for a maiden NI 43-101 mineral resource estimate targeted for early 2027.
Q: Are there comparisons to historical drilling?
A: PRC-60 intersections are near historical underground holes on the 835 level, allowing direct comparison of continuity and grades for resource modeling.
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.
