Two of the Widest Silver Intersections to Date at Shallow Depths: 47 Metres at 68.2 g/t Silver (119.1 g/t Silver Equivalent) and 37 Metres at 86.3 g/t Silver (146.3 g/t Silver Equivalent)

Prince Silver reports broad, high-grade silver-polymetallic drill results in Nevada.

What the company is saying

Prince Silver Corp. (CSE:PRNC, OTCQX:PRNCF, FSE:T130) is highlighting new assay results from nine reverse circulation drill holes at its Prince Silver Project in Nevada, emphasizing two near-surface intersections (PRC-59 and PRC-60) as the broadest polymetallic mineralization to date. The company frames these results as evidence of scale and continuity, with CEO Derek Iwanaka stating that these are among the most substantial intersections yet and demonstrate mineralization remains near historical workings. The narrative stresses the technical progress toward a maiden NI 43-101 mineral resource estimate, targeted for early 2027, and the integration of new and historical data into the geological model. The announcement details the methodology for calculating silver equivalent grades, including metal prices (US$50/oz Ag, US$3,500/oz Au, US$1.25/lb Zn, US$0.80/lb Pb) and an 80% recovery assumption. The company also notes ongoing quality assurance protocols and the involvement of Patrick Toth, P.Geo., as the Qualified Person reviewing the data.

What the data suggests

The disclosed results show PRC-59 intersected 47.24 metres at 68.17 g/t Ag (119.13 g/t AgEq), 9.57% Mn, 2.40% Zn, 1.95% Pb, and 0.26 g/t Au, and 6.10 metres at 142.50 g/t Ag (208.28 g/t AgEq), 10.95% Mn, 4.05% Zn, 3.01% Pb, and 0.22 g/t Au. PRC-60 returned 36.58 metres 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, and 16.76 metres 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, including 1.52 metres at 347.00 g/t Ag (365.87 g/t AgEq). PRC-54 delivered 3.05 metres at 619.60 g/t Ag (665.07 g/t AgEq), 2.105 g/t Au, 3.66% Zn, 0.15% Pb, including 1.52 metres 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 and PRC-58 also returned significant intervals. The company has now completed 41 holes totaling 11,251 metres as of September 27, 2026. No mineral resource estimate exists yet, but the technical data is detailed, with explicit intervals, grades, and calculation methodology disclosed. The results are consistent with a potentially scalable silver-polymetallic system, but economic viability remains untested until a resource estimate is delivered.

Analysis

The announcement is a technical exploration update, providing detailed assay results from nine RC drill holes at the Prince Silver Project. The language is factual and focused on realised results, with explicit intervals, grades, and calculation methods disclosed. Forward-looking statements are limited to the intent to use these results for a maiden NI 43-101 resource estimate targeted for early 2027, which is appropriate for an exploration-stage company. There is no exaggerated or promotional language, and no claims of imminent production or economic value are made. The capital intensity flag is not triggered, as there is no mention of large capital outlays or development commitments—only ongoing drilling. The gap between narrative and evidence is minimal: the company reports what has been drilled and assayed, and only modestly references future steps. The absence of financial or economic data is normal for this stage and does not detract from the technical quality of the disclosure.

Risk flags

• ●Resource and economic uncertainty remains high, as no NI 43-101 mineral resource estimate has been established. The project's potential is based solely on exploration results, and the economic viability of the mineralization is untested.
• ●Execution risk is present in advancing from promising drill results to a compliant resource estimate. Correlating new and historical data, validating geological models, and ensuring continuity of mineralization are complex and may delay or reduce the scale of any future resource.
• ●Technical risk is highlighted by the loss and abandonment of PRC-56 at 137.2 metres and the early termination of PRC-59 before reaching its deeper target, indicating possible drilling or ground stability challenges that could impact future exploration efficiency or costs.
• ●Assay and data integration risk exists as results for holes PRC-61 through PRC-65 are pending, and the use of historical data for resource estimation depends on successful validation of twin-hole assays and geological correlations.
• ●Commodity price risk is embedded in the AgEq calculation, which assumes US$50/oz Ag, US$3,500/oz Au, US$1.25/lb Zn, and US$0.80/lb Pb; future metal price volatility could materially affect project economics if advanced.

Bottom line

Prince Silver's latest drill results at its Nevada project demonstrate broad, high-grade silver-polymetallic mineralization, with standout intervals such as 47.24 metres at 68.17 g/t Ag and 36.58 metres at 86.30 g/t Ag. The technical disclosure is detailed and transparent, supporting the company's claim of scale and continuity but stopping short of an economic case. No resource estimate exists yet, and the path to value realization depends on successful completion of further drilling, assay integration, and geological modeling, with a maiden NI 43-101 resource targeted for early 2027. Operational and technical risks remain, including drilling challenges and the need to validate historical data. For investors, the announcement confirms technical progress but does not yet provide a basis for economic valuation; the most important next step is the delivery of a compliant resource estimate.

Announcement summary

(CSE:PRNC) (OTCQX:PRNCF) (FSE:T130) Prince Silver Corp. reported results from nine reverse circulation (RC) drill holes at its Prince Silver Project in Nevada, USA, with highlights including two near-surface intersections in holes PRC-59 and PRC-60. PRC-59 intersected 47.24 metres at 68.17 g/t Ag (119.13 g/t AgEq), 9.57% Mn, 2.40% Zn, 1.95% Pb, and 0.26 g/t Au from 62.48 m downhole, and 6.10 metres at 142.50 g/t Ag (208.28 g/t AgEq), 10.95% Mn, 4.05% Zn, 3.01% Pb, and 0.22 g/t Au in the Chisholm Shale. PRC-60 intersected 36.58 metres at 86.30 g/t Ag (146.27 g/t AgEq), 9.46% Mn, 3.08% Zn, 2.20% Pb, and 0.28 g/t Au from 64.01 m downhole, and 16.76 metres at 85.98 g/t Ag (115.69 g/t AgEq), 5.61% Mn, 1.50% Zn, 1.66% Pb, and 0.21 g/t Au in the Combined Metals Bed, including 1.52 metres at 347.00 g/t Ag (365.87 g/t AgEq). PRC-54 returned 3.05 metres at 619.60 g/t Ag (665.07 g/t AgEq), 2.105 g/t Au, 3.66% Zn, and 0.15% Pb in the Pioche "D" Shale, including 1.52 metres at 1,215.00 g/t Ag (1,297.58 g/t AgEq), 4.16 g/t Au, 6.67% Zn, and 0.13% Pb. PRC-55 intersected 4.57 metres at 106.10 g/t Ag (238.77 g/t AgEq), 13.0% Mn, 2.98% Zn, 1.29% Pb, and 1.816 g/t Au in the Combined Metals Bed. PRC-58 returned 4.57 metres at 55.57 g/t Ag (119.36 g/t AgEq), 8.74% Mn, 3.92% Zn, 2.09% Pb, and 0.05 g/t Au in Pioche "B" Shale, plus 3.05 metres at 51.47 g/t Ag (231.48 g/t AgEq), 2.16 g/t Au, 4.48% Zn, and 0.90% Pb in Pioche "D" Shale. The AgEq calculation uses prices of US$50/oz Ag, US$3,500/oz Au, US$1.25/lb Zn, and US$0.80/lb Pb, with 80% recovery assumed for each metal. As of September 27, 2026, Prince Silver has completed 41 holes totaling 11,251 metres of drilling in its ongoing RC program at Prince. The Lyndon Limestone intervals in PRC-59 and PRC-60 are wider than the previously reported 27.43 metres grading 93.7 g/t Ag in PRC-45. PRC-60 intersected the Combined Metals Bed near two Prince 835-level historical underground holes, estimated to be within 26 and 38 metres from the PRC-60 intersection. PRC-51 through PRC-55, PRC-57, and PRC-58 add data from the Combined Metals Bed and Pioche Shale units. The company and its independent resource consultants are incorporating these observations and data into the geological model as historical information is validated. These correlations will help confirm mineralized domains for a maiden NI 43-101 mineral resource estimate targeted for early 2027. No mineral resource has yet been established for Prince. PRC-56 was lost and abandoned at 137.2 metres. PRC-59 was terminated at 158.5 metres after technical difficulties, before reaching the deeper Combined Metals Bed target. PRC-61 and PRC-62 were drilled as twins of 2012 historical holes PRC-10 and PRC-17, respectively, with assays pending. Collar coordinates and orientations for the nine assayed holes and PRC-56 are provided, with final collar information subject to qualified person verification. Samples were shipped to ALS in Reno, Nevada, for preparation and to ALS in Vancouver, British Columbia, for analysis. The scientific and technical information in this release was reviewed and approved by Patrick Toth, P.Geo., Exploration Manager and a non-independent Qualified Person. Derek Iwanaka is the Chief Executive Officer and Director of Prince Silver Corp.

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