The Silver Letter

Tudor Gold Discovers New Copper-Gold Porphyry System and Confirms Gold-Silver Epithermal Trend Within Treaty Creek's Perfectstorm Zone

(TSXV: TUD) Tudor Gold Corp. announced results from the first four holes drilled at the Perfectstorm Zone as part of the 2026 Treaty Creek Project Exploration Program, leading to the discovery of a new copper-gold-silver-molybdenum porphyry system (the "PSP Zone") and confirmation of a previously identified gold-silver-dominant epithermal system (the "PSE Zone"). The Treaty Creek Project is located in the heart of the Golden Triangle of Northwestern British Columbia and is 80%-owned by Tudor Gold. Drillhole PS-26-15 intersected 4.59 g/t gold and 0.67 g/t silver over 10.50 meters, including 11.15 g/t gold and 0.84 g/t silver over 3.00 meters, and 0.24 g/t gold, 2.11 g/t silver, 0.21% copper, and 50.76 ppm molybdenum over 82.90 meters. The Goldstorm Deposit at Treaty Creek hosts Indicated Mineral Resources of 24.9 million ounces of gold, 148.7 million ounces of silver, and 3.048 billion pounds of copper (912.3 million tonnes grading 0.85 g/t gold, 5.07 g/t silver, and 0.15% copper) and Inferred Mineral Resources of 2.6 million ounces of gold, 7.2 million ounces of silver, and 67.9 million pounds of copper (21.8 million tonnes grading 3.64 g/t gold, 10.22 g/t silver, and 0.14% copper). A permit application has been filed for approval to construct an underground ramp for access to drill the high-grade gold SC-1 Zone. The company states that a Preliminary Economic Assessment on placing the Goldstorm Deposit in production as an underground mine is now underway.

Barton Gold Completes Phase 2 Upgrade Drilling at Tunkillia Project

(ASX: BGD) (OTCQB: BGDFF) Barton Gold has completed a Phase 2 resource upgrade drilling campaign at its Tunkillia gold project in South Australia. The company has drilled a total of 520 reverse circulation and diamond holes for 57,653 metres during the Phase 1 and Phase 2 campaigns. The S1 starter pit has been modelled to yield 206,000 ounces gold and 491,000oz silver at a cash cost of $997/oz to produce over $800 million in operating cash, repaying the development more than twice over in the first year. The S1 and S2 pits have been modelled to produce 365,000oz gold, 923,000oz silver, and $1.75 billion in free cash during the first 27 months of operation. In June, Barton added 10,500m of drilling to expand the Phase 2 campaign to 40,000m. A pre-feasibility study (PFS) is underway for a large-scale gold development, with publication targeted for the first quarter of calendar year 2027 and a Mining Lease application planned to follow. Barton expects to release a significant volume of outstanding assays and resource updates in the coming months.

Defiance Silver Receives Approval for up to 172 Drill Sites at Espiritu Copper Target, Sonora

(TSXV: DEF) Defiance Silver Corp. announced that Mexico's Secretariat of Environment and Natural Resources (SEMARNAT) has approved the Company's Informe Preventivo for the Espiritu target at its Green Earth Project in Sonora, Mexico. The authorization permits exploration activities for a period of approximately 60 months, including the construction of up to 172 drill platforms and related access roads. Defiance Silver Corp. is advancing the district-scale Zacatecas project, the 100% owned Tepal Gold/Copper Project in Michoacán state, Mexico, and the newly acquired Green Earth Metals property portfolio in Sonora State. The company submitted the Informe Preventivo as part of its commitment to conducting exploration activities in accordance with applicable environmental standards and regulatory requirements. Defiance Silver's corporate mandate is to advance its projects through capital-efficient exploration focused on resource growth and new mineral discoveries. The company expects cooperation with the Mining Bureau relating to the reinstatement of ownership of the concessions to the Company and the potential for any successful solution resulting therefrom.

Americas Gold and Silver Corporation Announces Second Quarter Production

(TSX: USA) Americas Gold and Silver Corporation announced consolidated silver production of 665,000 ounces for the second quarter of 2026. The Company sold 624,000 ounces of silver during the quarter, with consolidated lead production at 2.3 million pounds, copper production at 850,000 pounds, and antimony production at 97,000 pounds. The unaudited consolidated cash balance as at June 30, 2026 was US$89 million. The No. 3 Shaft upgrades at the Galena Complex increased total hoisting capacity by approximately 150% and skipping payloads by 40%. During the second quarter, the Company eliminated over US$85 million in variable future debt obligations. The company projects full-year 2026 silver guidance of between 3.2 to 3.6 million ounces at all-in sustaining costs of US$30-US$35 per ounce, with production weighted to the second half of the year and associated lower costs.

Silver Acadia Reports Additional High-Grade Silver-Gold Results and Completed a Geological Study for Future Drill Targets

(CSE: SLA) Silver Acadia Exploration Inc. announced additional high-grade assay results from the Phase 1 drill program at the Hachey Zone on its flagship Nicholas-Denys Project. The company reported assay highlights including 0.95 m @ 1,210.1 g/t Ag, 4.6 g/t Au, 4.82% Zn and 5.38% Pb (0.95 m @ 1,426.9 g/t AgEq) in hole ND26-007A, and 3.85 m @ 71.4 g/t Ag, 0.2 g/t Au, 2.24% Zn and 0.91% Pb in hole ND26-009. The structural study by Terrane Geoscience Inc. identified a mineralized corridor extending approximately 3 kilometres, with multiple connected zones grading over 100 g/t Ag, and confirmed that the principal silver-gold-zinc mineralization is structurally controlled. The company controls more than 250 km² of prospective mineral claims in New Brunswick, Canada, and the drilling campaign at the Hachey Zone commenced in January 2026. The company projects that additional drilling and geological work are required to confirm the continuity and extent of the mineralized corridor and to better understand and target higher-grade gold mineralization across the Hachey system. The study also identifies a potential third and younger gold-bearing mineralization event that may overprint the two earlier silver-rich systems. All assay values are uncut, and intervals reflect drilled intercept lengths; true widths have not been determined as the mineralized body remains open in all directions.

Sunrise Resources: New Copper-Silver-Gold Project, Nevada

(LSE: SRES) Sunrise Resources Plc announced it has established a new copper-silver-gold project in Nevada, USA, named the Lake Copper-Silver-Gold Project, after securing a lease & option to purchase agreement over a mining claim and staking a further ten adjacent mining claims. Drill intersections include 50m grading 0.73% copper, 31g/t silver and 0.2g/t gold from surface, with company surface samples assaying up to 198g/t silver, 0.13% copper and 0.3g/t gold. The project is located at the south-west end of the Humboldt Range, 98km east-northeast of Reno, with access from Interstate Highway I-80 and Highway 95. The lease/option agreement includes a 7-year term (extendable to 21 years), a nominal payment of US$100 on signing, annual payments starting at US$5,000 and rising to $20,000, a 2% NSR royalty (buyable for US$500,000), and an option to purchase the claim for $150,000. Fourteen shallow holes (mainly <100m deep, max 150m) were drilled in the claim area by Utah International in the 1980s, with significant intersections including hole MH-4. The company is targeting an intrusion related copper-precious metals deposit and plans next steps including geophysical surveying and follow up drilling as resources allow. Management states that the path forward for this project is clear with the next steps already defined.

Orestone Advances Exploration at Tom East and Kelly Gold Zones on the Francisca Gold Silver Property in Salta Province Argentina

(TSXV: ORS) Orestone Mining Corp. announced that follow-up exploration is underway at the recently discovered Tom East and Kelly gold zones along the Francisca Gold Trend. The Francisca Gold-Silver Project covers 23 square kilometres and is located in Salta Province, northwestern Argentina, approximately 80 kilometres northwest of the city of Salta. The Francisca Gold Trend now covers a northwest strike length of 1500 metres, with a 1700 metre long by 500 to 700 meter wide induced polarization (IP) chargeability anomaly of 7.9 mV/V. During the recent Phase I exploration program, hand trench sampling at Tom East yielded 4.45 g/t gold over 21 metres in Trench 6B. At the Kelly Gold Zone, mapping and sampling defined a 50 metre wide quartz-limonite vein stockwork zone grading 0.37 g/t gold and 2.15 g/t silver. The Captain Gold-Copper Project in British Columbia, Canada is 100 percent owned by the company and is permitted for 79 drill locations. The company projects that its near-term objective on the Francisca Gold Project is to define an oxide gold deposit mineable by open pit methods.

AbraSilver Intersects 109 Metres of 221 G/t Silver and 0.72 G/t Gold at Oculto West, Including 14 Metres of 580 G/t Silver

(TSX: ABRA) (OTCQX: ABBRF) AbraSilver Resource Corp. reported new assay results from its ongoing Phase VI drill program at the wholly-owned Diablillos project in Argentina. Hole DDH 26-036 intersected 109.0 metres grading 221.2 g/t silver and 0.72 g/t gold from 114.0 m downhole at Oculto West, including a higher-grade interval of 14.0 m at 580 g/t silver and 0.23 g/t gold. The same hole also encountered 7.6 m of 0.73% copper from 240.5 m and 15.0 m of 0.54% copper from 269.0 m beneath the oxide zone. Hole DDH 26-022 along the JAC-Oculto trend intersected 63.0 m grading 32.8 g/t silver from 60.0 m, including 11.0 m of 101.4 g/t silver. The most recent tank and heap leach Mineral Resource estimate for Diablillos, as of April 30, 2026, shows Measured & Indicated Oxides of 231,981,000 tonnes grading 33 g/t silver and 0.34 g/t gold, containing 248,053,000 oz silver and 2,542,000 oz gold. Following completion of the DFS in June 2026, the Project hosts Proven and Probable Mineral Reserves of 77.9 Mt grading 146 g/t silver equivalent, containing 184 Moz of silver and 1.8 Moz of gold (366 Moz AgEq). The company projects that these results will support expansion of the precious metals Mineral Resources in the oxide zone and will be incorporated into an updated Mineral Resource estimate.

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