Prince Silver Corp. (CSE: PRNC) (OTCQX: PRNCF) (FSE: T130) has released assay results from nine reverse circulation drill holes at its Prince Silver Project in Nevada, highlighting two of the broadest polymetallic silver intersections the company has reported to date. Drill holes PRC-59 and PRC-60 returned 47.24 metres at 68.17 g/t silver (119.13 g/t silver equivalent) and 36.58 metres at 86.30 g/t silver (146.27 g/t silver equivalent), respectively, both from shallow depths within the Lyndon Limestone near historical mine workings. The results add to a growing dataset that the company and its independent consultants are incorporating into a geological model toward a maiden mineral resource estimate.

Key Points

  • Prince Silver Corp. (CSE: PRNC) is a mineral exploration company advancing its flagship Prince Silver Project in Nevada, USA
  • PRC-59 and PRC-60 delivered the company's widest polymetallic silver intersections to date, both from shallow depths within the Lyndon Limestone
  • PRC-54 returned a high-grade hit of 3.05 metres at 619.60 g/t Ag in the Pioche "D" Shale, including 1.52 metres at 1,215.00 g/t Ag
  • Assays for holes PRC-61 through PRC-65, including twin holes of 2012 historical drill holes, remain pending

Shallow Lyndon Limestone Intervals Deliver Programme-Wide Width Records

PRC-59 intersected 47.24 metres at 68.17 g/t silver, 9.57% manganese, 2.40% zinc, 1.95% lead, and 0.26 g/t gold starting at 62.48 metres downhole in the Lyndon Limestone. PRC-60, drilled adjacent to PRC-59, returned 36.58 metres at 86.30 g/t silver, 9.46% manganese, 3.08% zinc, 2.20% lead, and 0.28 g/t gold from 64.01 metres downhole in the same horizon. Both results exceed the company's previously reported widest intersection of 27.43 metres grading 93.7 g/t silver in PRC-45, establishing new programme-wide width benchmarks for this polymetallic system.

Multiple Mineralised Horizons Confirm Stacked Replacement System at Prince

Beyond the Lyndon Limestone, the nine-hole batch intersected mineralisation across the Pioche Shales and Combined Metals Bed. PRC-54 returned a notable interval of 3.05 metres at 619.60 g/t silver in the Pioche "D" Shale, including 1.52 metres at 1,215.00 g/t silver with 4.16 g/t gold and 6.67% zinc. PRC-60 also hit 16.76 metres at 85.98 g/t silver in the deeper Combined Metals Bed, with a sub-interval of 1.52 metres at 347.00 g/t silver. The release states that repeated zone picks across holes align with the historical interpretation of stacked replacement horizons in a faulted corridor.

Twin Holes and Historical Database Validation Underway

PRC-61 and PRC-62 were drilled as twin holes of 2012 historical drill holes PRC-10 and PRC-17, respectively. Once assays are reviewed, the company intends to compare geology, mineralised interval positions, and grades to assess whether historical data may be suitable for inclusion in a maiden NI 43-101 mineral resource estimate. PRC-60 also intersected the Combined Metals Bed within an estimated 26 to 38 metres of two historical underground holes at the Prince 835 level, providing a further basis for zone-continuity comparison. Assays for holes PRC-61 through PRC-65 are currently pending, the release states.

Quality Control and Qualified Person Oversight

Samples were shipped under chain-of-custody procedures to ALS Geochemistry in Reno, Nevada, for preparation and to ALS in Vancouver, British Columbia, for analysis. The company inserts certified reference standards, blanks, pulp duplicates, and reject duplicates into sample batches, with selected pulps submitted for check assaying at a second independent laboratory. The technical content of the announcement was reviewed and approved by Patrick Toth, P.Geo., the company's Exploration Manager and a Qualified Person as defined under NI 43-101. No mineral resource has yet been established for the Prince Silver Project.