Prince Silver Corp drills new silver-gold zones in Nevada

at PDEC 2026. I'm at the OTC market. It's both an I'm with Derek. It will not

that. This is a CEO of Prince Silver. Derek, great to have you with us today.

Thanks for having me, Angela. How's the shanko so far for you?

It's been probably the busiest show that I can remember in the last

at least for sure decade, maybe even two decades.

Yeah. Well, I mean, obviously that has a lot to do with where commodity prices are

had today. Specifically, Golden Silver has been on a big run lately.

We're going to track that silver today, and within the

context of the Prince project in Nevada. Okay.

So as we said, that's where you want to be if you're looking for silver.

Bring our audience up to speed on not where the project's at right now.

Yeah, I mean, I guess a lot of people forget that the VAT is actually known as

the Silver State, and there's a reason for it.

There was predominantly a lot of silver that was produced back in their early

1900s, and nowadays I think it's better known for either

casino's or purple, but actually there was a lot of silver

productions. The Prince project was a pass-producing line that

operated from 1912 to 1949. So way before we were born, but

it did produce a fair amount of silver, and it shut down not because of

a round out of orb, but because of low metal prices. And at that time,

silver was trading around $79. Sorry, $79 sets

announced. And today we're sitting at, I know, around $80 an

outset. Yeah. There was certainly a lot of material that

wasn't mined at that time because they just didn't consider it economic.

So they would have left a bunch of material there, but on top of that,

we've been doing some drilling for the last three months, and we've actually been

discovering a whole bunch of new realizations that I don't think was ever

considered back then. So we think we can get to a

resource estimate later this year. Tell us a little bit more about what you're

seeing at the drill that right now. Yeah, so the drilling is coming up with

two different horizons, which is a passive

they for grace of St. Laire. So we have a layer that has more of a silver and

mega-dese rich for, and then we have a lower layer that's

hitting into some higher grade gold. And that basically has been

non-touch. You know, we really has discovered this this gold. So we were

hitting some high grade gold down at depth, and I'm not talking low,

super low depth. We're looking at 250 to 300 liters of

damage. Okay. Okay. And one like we

start thinking about seeing your resources. So it kind of

depends on how the drilling continues to go. So I think if the drilling goes

well or smoothly from here on in, we could have a resource estimate out by July

this year. If it requires more drilling, which

very well made, it could be the fourth quarter that we have that resource estimate.

The target for us is to basically get to 100 million

ounces of silver equivalent, and we're going to do our own internal resource

estimate to see where we are with the drilling so far.

So yeah, based on that, we'll have to see what the time is going to be.

Yeah, absolutely. And you've got cash in the bank. He's just close to financing.

So that's going to set you up for success this year.

Yeah, currently you have about $8 million in the bank. So we're

paid for drilling, and we're doing our seed drilling, which is much

lower across than your typical diamond drilling. So yeah, we should have

enough to do at least one if not at another additional

Yeah. Well, Derek, they say the best place to find a mine is often where

there was a mine in the past. Yes, I think exactly.

Is it in the shadow of a headframe? Is that as literally what we're doing?

Is we have a headframe? If it's come by our booths, we have a photo of a headframe.

I don't care literally drilling right behind that extra.

Well, perfect. Then you've got the ingredients there. We'll be looking up for some more news

from the company. Thanks so much for taking the time to speak with us.

Thank you, Agila. For proactive, I'm Angela Hermantis.