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Pacifica Silver Gets 491 New Drill Pad Sites, Expands 2026 Drill Program

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Pacifica Silver (PSIL.CN) on Thursday said it received permits from the SEMARNAT, the Mexican Ministry of Environment and Natural Resources, for 491 additional drill pad sites at its Claudia silver-gold project in the El Papanton Mining District.

The company expanded its ongoing Phase II drill program to 30,000 meters and will mobilize a fourth diamond drill rig to site by the end of August, it said. Pacifica Silver has drilled a total of 18,258 meters in 79 holes as of Aug. 19.

"The imminent arrival of a fourth rig will allow us to intensify drilling on the northern Aguilarena extension, where we have already identified a robust mineralized ore shoot," said chief executive Todd Anthony.

Shares of the company were last seen up 0.9% at C$1.16 on the Canadian Securities Exchange.

Price: $1.18, Change: $+0.03, Percent Change: +2.61%

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