Accesswire
22 Jul 2026, 11:35 UTC · 1h ago
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Silver X expanded its Red Silver underground drill program more than five-fold, from 1,200 to 6,650 meters. — Significant increase in exploration activity suggests high internal confidence in resource expansion and potential for discovery.
+0.60Underground channel sampling revealed high-grade silver intercepts, including 735 g/t Ag over 65 meters of strike. — High-grade sampling results provide a factual basis for the drilling expansion and suggest the potential for high-value ore bodies.
+0.50The program aims to upgrade Inferred Mineral Resources to Measured and Indicated categories. — Upgrading resource classification reduces geological risk and is a necessary step toward establishing economic mineral reserves.
+0.40Continue reading
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The drilling is conducted from existing underground workings located only 8 kilometers from the company's processing plant. — Existing infrastructure lowers capital expenditure (CAPEX) and operational risk for potential future production.
+0.30Which stocks this story touches
The company is expanding its drill program five-fold following high-grade sampling results and aiming to grow its mineral resources.
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9h ago
