Announcement • Jul 06
Argenta Silver Corp Reports Fifth Batch of Assay Results From Ongoing 2025–2026 Diamond Drilling Campaign at El Quevar Project
Argenta Silver Corp. reported the fifth batch of assay results from its ongoing, upsized 2025–2026 diamond drilling campaign at its 100%-owned flagship El Quevar Project in Salta Province, Argentina. Drill hole QVD-469 intersected 446 g/t Ag over 28.0m, including 1,195 g/t Ag over 6.0m in a 120-meter step out to the northwest of the Current Mineral Resource boundary of the Yaxtché Deposit. These results demonstrate the continuity of the high-grade silver mineralization and significantly expand the known mineralized footprint and effectively work to de-risk the Yaxtché deposit. Step-out hole QVD-469 has successfully demonstrated a notable 120-meters extension of known silver mineralization to the northwest of the Yaxtché Current Mineral Resource footprint. This step-out hole intersected a broad interval of 446 g/t Ag over 28.0 meters, including 1,195 g/t Ag over 6.0 meters, with a bonanza-grade interval grading 4,870 g/t Ag over 1.0 meter included. The structural and grade characteristics observed in the QVD-469 core strongly suggest that silver mineralization maintains horizontal and lateral continuity that remains open beyond the Current Mineral Resource boundary. The Company plans to aggressively delineate this high-grade lateral extension with systematic drilling in the coming months. Additionally, step-out hole QVD-469 returned further high-grade silver mineralization, intersecting 578 g/t Ag over 2.0 meters and 781 g/t Ag over 3.0 meters, including 1,865 g/t Ag over 1.0 meter. These additional intercepts support the presence of multiple mineralized levels within the northwest extension zone and reinforce the potential for continued lateral growth beyond the Current Mineral Resource boundary. Hole QVD-458 successfully tested mineralization continuity between previously drilled step-out holes and historical drilling, increasing confidence in the spatial distribution and continuity of silver mineralization in this area. The hole returned 135 g/t Ag over 16.0 meters, including internal higher-grade zones of 192 g/t Ag over 4.0 meters and 188 g/t Ag over 3.2 meters. Recent step-out drilling southeast of the Yaxtché Resource, highlighted by holes QVD-466 and QVD-468, intersected shallow, high-grade silver alongside anomalous gold-copper mineralization, demonstrate the connection to the Carmen target which is identified as a discrete gold-copper system located approximately 350 meters northeast of Yaxtché. Follow-up drilling at Carmen subsequently returned robust gold-copper intercepts and confirmed that the system remains wide open at depth. These cumulative results strongly point to a probable structural and mineralizing connection between the silver-dominant Yaxtché deposit and the gold-copper Carmen system. This gold-dominant zone directly aligns with the district's broader lateral zoning character and builds upon a well-defined, extensive gold-copper feeder footprint. By demonstrating that high-grade silver mineralization and strong gold-copper-bearing vectors continue well outside historical resource limits, these data indicate that Yaxtché and Carmen may merge into a single system at depth. This structural convergence drastically expands the resource and tonnage potential of the El Quevar project, which the Company plans to aggressively test through additional connector and step-out drilling in the upcoming months. The foundational Mineral Resource Estimate of the Yaxtché deposit includes an indicated mineral resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag, and an inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag. The mineral resource area remains open at depth and in multiple directions, particularly to the southeast and northwest. The mineralization at the Yaxtché deposit is defined as a silver-rich, high- to intermediate-sulphidation epithermal system with associated gold. Mineralization is controlled by NW-SE and NE-SW fault structures and is mainly hosted in brecciated zones and dacite domes. Silver minerals at Yaxtché consist of complex silver sulphides, sulphosalts and native silver. These minerals are found within silicified breccias, commonly appearing as veinlets, stockworks, disseminations, and breccia fillings. The Company adheres to CIM Best Practices Guidelines for exploration-related activities conducted on its property. Quality Assurance and Quality Control procedures are overseen by a Qualified Person. All geochemical sample assay results from Argenta Silver have been independently monitored through a rigorous QA/QC protocol. This protocol includes the regular insertion of blind standard reference materials, blanks, and duplicates. The logging and sampling of the El Quevar drill core were completed at Argenta's core handling facilities in Salta, Argentina. Drill core was photographed, checked for recovery and geotechnical characteristics and then diamond-sawn on site, and half drill-core samples were securely transported to ALS Laboratories' sample preparation facilities in Mendoza and forwarded to their facility in Lima, Peru for analysis. The other half-core is retained on site for reference.
