Tier One Silver to Commence Drill Program at High-Grade Flagship, Curibaya Project, in Southern Peru

Core Viewpoint - Tier One Silver Inc. has initiated preparations for drilling at the Cambaya target area of its Curibaya project in Peru, with the Phase 2 drilling program expected to commence in Q1 2026, targeting high-grade silver-gold-copper mineralization [1][11]. Phase 2 Drilling Plans - The Phase 2 drilling program will consist of approximately 1,150 meters of diamond drilling, involving seven drill holes from four platforms, with an average depth of 150 to 250 meters per hole [5][6]. - The drilling will focus on the Cambaya 1 corridor, which has not been previously drilled, and aims to test the vertical continuity of mineralization beneath high-grade channel samples [7][8]. Phase 1 Drilling Highlights - The inaugural Phase 1 drilling program in 2021 yielded significant results, including high-grade intercepts such as 1 meter of 1,431 g/t silver and 0.39 g/t gold, and 1.5 meters of 1,129 g/t silver and 1.04 g/t gold [5][11]. - Notable channel sampling results from Phase 1 include: - 4.5 meters of 408 g/t silver and 1.48 g/t gold [5] - 20 meters of 243 g/t silver and 0.71 g/t gold [5] - 11 meters of 232 g/t silver and 1.61 g/t gold [5] - 8 meters of 349 g/t silver and 0.46 g/t gold [5] Geological Context - The Cambaya area is situated at a higher elevation (approximately 2,200 m - 2,400 m) compared to previous drill sites, which may indicate better preservation of epithermal mineralization [20][22]. - The program will also investigate high resistivity geophysical features that correlate with quartz-silica structures, believed to be indicative of concentrated silver-gold-rich fluids [8][9]. Future Prospects - The current drill permit allows for up to 200 drill holes from 22 drill pads, with potential for expansion based on initial drill results and additional financing [10]. - The company is optimistic about the upcoming drilling phase, supported by favorable market conditions for silver and gold [11].