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| In today’s hot metals market, silver is the scorching-hot winner by far.
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| And in the junior mining sector, nothing is beating junior silver stocks. Companies with big silver resources are skyrocketing, and even companies without resources are catapulting higher.
But from all available evidence, a new leader is about to emerge:
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| That would be Prince Silver (PRNC.V; PRNCF.OTC) — a company that is about to move from a grassroots explorer to one with a massive silver and gold resource.
And that’s just the beginning.
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| As you’re about to see, Prince Silver has acquired a project rich in silver, gold and base metals, including valuable manganese...in one of the world’s best locations...and needs only a relatively few drill holes to confirm a massive resource.
Those drills are turning at this very moment — which is why you need to hear this story.
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| A Rich Re-Discovery
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| It all starts with the Prince Project, a small past-producing mine in eastern Nevada that yielded rich ore grading about 100 g/t silver, 0.5 g/t gold, plus zinc and lead running about 11.1% zinc equivalent.
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| Those are great grades, but the small-scale producer shut down due to low metals prices and the project sat idle. An Australian group saw the untapped potential, grabbed the project and compiled historic data, mostly from a significant drill program conducted in 2012.
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| The past drilling program focused on the carbonate replacement deposit (CRD) mineralization that had been mined before and drilled no less than 129 holes. The result: they outlined what could be a world-class deposit...
...But they unfortunately fell a few drill holes short.
You see, to qualify for an “NI 43-101” resource compliant with Canadian regulatory standards...or even an Australian “JORC” standard...the spacing of the drill holes needs to be closer.
The bad news: The Australian group couldn’t report a resource total. And neither can Prince Silver’s management, which recently acquired the project from the Australian group.
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| The good news: The mineralization is remarkably consistent...only a relatively small number of new holes need to be drilled to make the entire resource official...
...And drilling is ongoing at this very moment.
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| That’s quite the opportunity for investors who want to buy a major silver resource play after it’s been discovered but before it’s become official and priced appropriately.
But remarkably, there’s much more....
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| The Prince Silver project shows the potential for over 100 million ounces of silver-equivalent resource — and drills are turning now to prove up that potential in the days ahead.
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| Big...And Growing
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| With 129 high-quality holes drilled into the target, however, there are some things that are obvious.
For instance, the company is allowed to report, with appropriate disclaimers, that the mineralization outlined so far represents an “exploration target” of between 25 million tonnes to 43 million tonnes, grading 37-40 g/t silver, 0.28-0.40 g/t gold, 1.44%-1.57% zinc, 0.78%-0.87% lead and 3.62%-4.30% manganese.*
That’s a lot of metals and a lot of grades. So, what does it mean?
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| Well, using the mid-points of all those ranges, it suggests the potential for well over 100 million ounces of silver-equivalent mineralization, without including value from manganese.
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| Once proven up to industry standards, that would be a headline-making resource. And in the premier mining jurisdiction of Nevada.
That’s plenty of value and potential, but there’s more: the mineralization is open in every direction.
Previous drilling focused on producing a resource and didn’t expand the margins of the deposit. The current drill program, consisting of a planned 31 reverse-circulation holes over 6,500 meters, will include not only the desired in-fill holes, but also some designed to expand the target.
So yes, there’s more to come, including a very interesting, previously misunderstood target....
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| The Potential Of The Pioche
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| For all of its history, the main focus on the Prince Project has been CRD mineralization. That’s understandable, as lots of multi-metal mineralization was to be found there.
But all of the historic drill holes pierced a geologic horizon known as the Pioche Shale — and that zone, where sporadically assayed, provided excellent disseminated gold and silver with base metal metal values presenting a previously under-explored horizon with in the projects' strategic column.
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| Click image to enlarge
Mineralization remains open in all directions, including the untapped upside of the rich Pioche shale horizon.
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| As you can see in the long section above, not only is the identified mineralization open in all directions, but the green-shaded area — the rich Pioche shale — is quite extensive and relatively untested. For an excellent description of this potential, Dr. Robert Wrixon, a director of the company, presented a video on the subject which is available here.
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| The Manganese Kicker
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| Another remarkable aspect of the Prince Project is its rich manganese mineralization.
Historic production on the project didn’t have the advantage of current technology that boosts recoveries and lowers costs for the gold, silver, zinc and lead mineralization.
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| And because they didn’t have today’s hydro-met technology, they couldn’t economically recover the manganese at all!
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| But today, the value of that metal could very significantly increase the value of the entire project.
The good news here is that the global manganese market is projected to go into a deep supply deficit, with demand for the battery sector alone expected to rise nine-fold by 2030.
This potential — along with everything else — is completely unreflected in Prince Silver’s current share price.
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| And Yet Another Premier Project....
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| Prince Silver doesn’t need another major project outside of its large silver target...but it has one anyway.
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| Fact is, Prince’s Stampede Gap Project — a district-scale copper-moly porphyry and skarn system — is exciting enough to support a junior mining company all by itself.
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| The project features very large alteration halos of over three-square-kilometers over intrusives and sediments, with long, ore-grade moly and highly anomalous copper intersected in limited shallow drilling so far.
Prince Silver is rightly focused on proving up its large silver-equivalent resource in the weeks just ahead, but Stampede Gap represents tremendous potential to be tapped in the future.
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| Shortcut To Silver Riches
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| Silver’s soaring, silver juniors are sky rocketing...and everyone’s searching for the next big silver project.
Prince Silver already has what everyone’s looking for.
In the weeks ahead, with this drilling program or shortly thereafter, the company will have increased the drill-hole density on the Prince Project enough to show the world a resource.
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| Peer companies in Mexico command market caps of double or greater than what Prince Silver still trades for at this moment.
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| If you’re looking for compelling potential in silver, you need to begin your due diligence on Prince Silver now, while the drills are still turning.
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| CLICK HERE
To Learn More about Prince Silver Corp.
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| * The Exploration Target was outlined in a 2024 independent report prepared following JORC guidelines (JORC standards for the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.) by OmniGeoX Exploration Consultants of Perth, Australia and is not an “inferred,” “indicated” or “measured” mineral resource compliant with National Instrument 43-101 (“NI 43-101”). The potential quantity and grade of the Exploration Target is conceptual in nature. It is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.
** Using mid-points, this is 34 million tonnes at 4.4% zinc-equivalent or 130 g/t silver-equivalent, excluding potential manganese value, for over 140 million ounces of silver-equivalent (non-JORC compliant estimate).
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