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| In the junior mining game, the drill bit has a way of taking an interesting story...and suddenly making it something much bigger and more exciting.
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| That’s exactly what is unfolding at Pacifica Silver (PSIL.CSE; PAGFF.OTC) where the focus is on the 100%-owned Claudia Project in Durango State — a region praised by industry veterans as one of the best places to explore and operate in Mexico, with top-tier safety rankings, established infrastructure and minimal exposure to the heightened security issues affecting certain other silver districts.
This advantageous location, combined with strong backing from prominent silver investors and companies, positions Pacifica as a lower-risk, high-upside play right from the start.
...Yet the narrative is accelerating dramatically, with early drilling not only validating the presence of high-grade vein systems but also delivering fresh discoveries — propelling Pacifica forward as a standalone, high-conviction silver play in one of Mexico's premier precious metals belts.
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| And as you’re about to see, Pacifica is perfectly positioned for much, much more...
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| A Team That’s Been Here Before
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| Pacifica Silver is led by CEO Todd Anthony, who brings over 20 years in mining and investments — including 13 years as Vice President of Corporate Development at First Majestic Silver. There, he helped drive the company's growth from ~US$200 million to more than US$4 billion in market capitalization through strategic initiatives and strong investor relations.
That proven expertise is evident in Pacifica's disciplined approach to drilling, financing, and navigating Mexico's geology, permitting and capital markets. It's no surprise the company has earned strong support from leading silver industry names.
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| In January 2026, the company closed an upsized brokered financing of approximately C$23 million at C$1.45 per share, with no warrants attached, backed by robust demand from both existing and new institutional investors.
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| Again, great on the face of it, but consider that none other than First Majestic, Silvercorp, Vizsla Silver and Eric Sprott — what you might call the “Mount Rushmore of silver” — all participated in the financing, alongside new institutional investors.
In addition to all of this, there has been substantial buying in the market recently by not only insiders, but also new investors and funds.
This high-caliber backing provides not just capital, but strategic alignment and credibility, positioning Pacifica to execute aggressively with lower jurisdictional risk and a clear path to unlocking value.
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Pacifica Silver’s Claudia property is large and packed with numerous kilometer-scale, high-grade vein swarms — only a small fraction of which have ever been drilled.
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| The District-Scale System
Modern Drilling Has Barely Touched
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| The centerpiece of the story is Pacifica’s 100%-owned Claudia silver-gold project in Durango, Mexico. Spanning nearly 11,900 hectares, the property encompasses most of the historic El Papantón mining district, where at least nine small mines operated during the 20th century.
The geology features classic Sierra Madre low-sulfidation epithermal veins: quartz-adularia structures and breccias developed along multiple northwest-trending structures, forming an extensive vein system stretching more than 11 kilometers along strike. To date, over 30 kilometers of known veins have been mapped across the property.
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| The key opportunity: Less than 10% of this mapped vein strike has ever been drilled-tested with modern methods.
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| This is not a grassroots concept with no history. Historic mining, surface sampling and earlier drilling all confirm the presence of high-grade silver and gold. What has been missing is a systematic, modern, multi-rig and district-wide exploration effort to test whether these are isolated high-grade shoots or a connected, large-scale system.
Pacifica is now delivering exactly that — with early drilling validating continuity and revealing fresh discoveries.
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| Phase I Drilling:
Solid Results And A New Discovery
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| Pacifica wrapped up its Phase I drill program in late December 2025, completing ~8,000 meters in 30 holes. Initial results extended known mineralization down-dip, confirmed continuity between historic workings and filled key gaps at Aguilareña and other structures.
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| The standout: A brand-new high-grade discovery at the previously undrilled Justina vein, ~1.5 kilometers southeast of the main Aguilareña area.
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| In February, Pacifica announced a new high-grade discovery at the Justina vein, where one hole intersected 2.10 meters grading 3.53 g/t gold and 460 g/t silver, including a higher-grade interval of 0.80 meters at 9.01 g/t gold and 1,175 g/t silver.
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| That intercept was drilled 160 meters down-dip from a surface rock sample that assayed 23.6 g/t gold and 77 g/t silver. In other words, Pacifica didn’t stumble into this result — it followed surface geochemistry and confirmed that a high-grade system continues at depth.
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| The Justina vein is mapped for more than one kilometer at surface and remains open along strike and down-dip. A single discovery hole has now opened up an entirely new drilling corridor, which is exactly how district-scale stories begin to grow.
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Drilling on the known veins at Claudia have confirmed and expanded previously known mineralization...and now the excitement has shifted toward new discoveries like the Justina vein fully 1.5 kilometers from the main workings.
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| From Confirmation to Acceleration:
Phase II Is Underway & Expanding
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| With Phase I successfully completed, Pacifica has ramped up its Phase II program — now actively underway with three diamond drill rigs turning at Claudia. To date, over 3,650 meters have been drilled in 13+ holes, focused on expanding high-grade zones at Aguilareña while preparing step-outs and follow-ups.
New federal permits (secured February 2026) authorize up to 153 additional drill sites, enabling the reallocation of two rigs in the coming weeks to test high-priority southern targets like Mina Vieja and Mina de Oro (with surface samples up to 22.7 g/t gold and 480 g/t silver), plus systematic follow-up at the Justina discovery.
Additional sites support continued expansion along Aguilareña and Guadalupana veins, where structural mapping suggests potential convergence and enhanced mineralization at depth.
This multi-rig, district-scale approach — prioritizing step-outs from strong Phase I intercepts, new high-grade zones, and untested targets — positions Pacifica to rapidly delineate continuity and scale across the >30-kilometer vein system.
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| A Balance Sheet Built for Sustained Discovery
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| What truly differentiates Pacifica from many junior explorers is its financial position.
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| Post its upsized January 2026 brokered financing, Pacifica holds a robust treasury of approximately C$28 million — sufficient to fund aggressive, multi-year exploration, potentially over 100,000 meters of drilling without near-term dilution pressure.
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| In a sector where dilution often caps upside, that financial strength allows Pacifica to focus on discovery rather than survival. Drilling costs are also exceptionally low, on the order of roughly US$150 per meter, which gives the company tremendous leverage on its treasury.
Simply put, Pacifica can drill through market volatility instead of being derailed by it.
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| Why Jurisdiction Still Matters
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| Claudia is located in Durango, one of Mexico’s more established and mining-friendly states, and benefits from established mining infrastructure, an experienced local workforce, paved access and a proven track record of successful operations.
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| Durango is ranked among Mexico's top three most peaceful states in the 2025 Mexico Peace Index (behind only Yucatán and Tlaxcala). Mexico is not a single jurisdiction, and location matters.
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| Pacifica’s focus on safety, community relations and efficient permitting (evidenced by rapid approvals) minimizes execution risk in one of Mexico's premier precious metals jurisdictions.
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| The Bottom Line:
Undervalued Momentum In A Safe Jurisdiction
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| Pacifica Silver remains an early-stage exploration story, but one that is advancing quickly.
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| The company has now confirmed the previous mineralization trends...has a new high-grade discovery on a previously undrilled vein...has multiple rigs turning across a largely untested district-scale land package...and has amassed the financial capacity to pursue discovery at full speed.
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| The market currently values Claudia as scattered targets rather than a potentially connected, district-scale system. Sustained success in demonstrating continuity, repeatability and new zones could shift that view — and valuation — dramatically.
Pacifica has the ingredients for a breakout: proven geology, stable jurisdiction, high-grade trends, a fresh discovery, district-scale land with <10% drilled, three rigs and ~C$28M cash for years of aggressive work. If Phase II continues delivering extensions and new hits, the re-rating potential is significant.
Don't wait for the crowd — review Pacifica Silver today.
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| CLICK HERE
To Learn More About Pacifica Silver
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