“We have intersected our broadest mineralized interval to date at the Touleary Discovery Zone,” said Nick Rodway, CEO of Core Silver Corp. “We are seeing multiple new exciting mineralization assemblages and textures that are very encouraging given the early stage of the project. Hole 11 has intersected broad and very visually impressive VMS style massive sulphide mineralization along with multiple other holes indicating that this system has continuity and can be tracked. We are eagerly awaiting laboratory results to assess the grades of the observed mineralization. In the meantime, we look forward to exhibiting our drill core at the 2026 Yukon Geoscience Forum on November 18th and 19th in Whitehorse, Yukon.”
Beyond the Headline
Core Silver reported visual observations from holes TL-26-010 through TL-26-015. The company has now completed 2,436.3 m of its planned minimum 3,000 m program (Figure 2-1). Table 2-1 summarizes significant observations.
Table 2-1: Significant visual observations, 2026 drill intersections, Touleary Project
| Drill hole | Mineralized length | Description |
| TL-26-011 | 21.5 m | Sulphide mineralization, including 11.5 m massive sulphides with chalcopyrite and sphalerite |
| TL-26-012 | 4.25 m | Disseminated to semi-massive Cu-bearing sulphides |
| TL-26-012 | 4.25 m | Pyrite ± chalcopyrite |
| TL-26-012 | 5.0 m | Semi-massive and disseminated Cu-Zn sulphides |
| TL-26-014 | 1.0 m | Semi-massive chalcopyrite and pyrite; additional mineralized occurrences |
| TL-26-008 | 7.0 m | Previously reported Cu-bearing sulphide intersection |
All the intervals are downhole lengths. True widths as yet are undetermined. All 2026 assays (Cu, Zn, Au and Ag) are pending.
Historical drill results from 2011 shown in Table 2-2 demonstrate grade potential:
Table 2-2: Significant historical drill results, Touleary Property
| Hole | Width | Cu | Au g/t | Zn | Ag g/t |
| TL-11-005 | 2.25 m | 7.18% | 3.55 | 4.30% | 116 |
| TL-11-005 | 14.15 m | 1.45% | 0.73 | 0.28% | 16.5 |
| TL-11-002 | 3.17 m | 2.38% | 2.01 | 1.38% | 32.9 |
| TL-11-001 | 6.09 m | 1.37% | 0.80 | 0.41% | 14.5 |
Comments
The visual observations released on the first six drill holes are very encouraging. The 11.5 m interval in TL-26-011 is especially significant geologically for an early-stage VMS discovery. Its copper and zinc grades will, however, determine its economic importance. Importantly, copper-bearing sulphides have now been intersected across 410m of strike length indicating a mineralized system with good lateral extent. The alteration and mineralogy reported of sericite alteration, local silicification, barite, chalcopyrite, sphalerite, bornite and tetrahedrite are consistent with a potentially significant polymetallic VMS system.
In addition, the interpreted geophysical trend extends approximately 3.5km, providing substantial exploration upside. Only 335m of this strike length has been tested by historic drilling. Other targets include separate geophysical trends measuring 3 km and 1.2 km, respectively. Looking forward to seeing assay drill results.
Figure 2-1 Source: Core Silver
