In this episode of the KE Report, we are joined by Derek Iwanaka, CEO of Prince Silver (CSE:PRNC – OTCQB:PRNCF – FRA:T130), to discuss the company’s aggressive exploration strategy in Nevada’s historic Pioche mining district at the Prince Silver Project. Prince Silver is focused on revitalizing the past-producing mine that operated for nearly four decades.
Key highlights:
- The Historic Prince Mine: Derek outlines the history of the project, which produced over 1 million tons of ore and approximately 3.6 million ounces of silver between 1912 and 1949.
- Expanding the Drill Program: Originally a 6,500-meter program, the company has expanded its current RC drilling to 9,000 meters due to early success. Derek reveals plans for a second phase, bringing the total expected drilling to 18,000 meters.
- High-Grade Results and Resource Targets: The conversation dives into recent assay results, including intercepts as high as 1,300 g/t silver. Derek discusses the internal exploration target of 75 to 150 million silver-equivalent ounces and the path toward a maiden 43-101 resource estimate in the second half of this year.
- Deep Mineralization Potential: Unlike historic operations that focused on surface oxides, Prince Silver is drilling deeper. Early results suggest significant mineralization, including high-grade gold, remains at depth.
- The Stampede Gap Project: A look at the company’s second asset, a large-scale copper-gold-molybdenum porphyry target. While the current focus remains on the Prince Silver Project, the team is evaluating the long-term potential of this massive system.
Please email me with any follow up questions for Derek – Fleck@kereport.com
Click here to visit the Prince Silver website to learn more about the projects and team.
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