High-Grade Silver Discoveries Gain Urgency as Global Supply Deficit Deepens

Issued on behalf of Americore Resources Corp.
VANCOUVER — Baystreet.ca News Commentary — Global silver mine production is expected to grow just 1% in 2026 to approximately 820 million ounces, a pace that continues to fall well short of consumption as the market enters a sixth consecutive year of structural deficit[1]. The U.S. Department of the Interior has recognized silver as a critical mineral, citing supply chain vulnerabilities affecting industries worth trillions of dollars and opening federal support pathways for domestic mining projects[2]. Exploration-stage silver companies are attracting capital in this environment, with investors focusing on Americore Resources (TSXV: AMCO) (OTCQB: AMCOF), Dolly Varden Silver (TSXV: DV) (NYSE-A: DVS), GR Silver Mining (TSXV: GRSL) (OTCQX: GRSLF), Blackrock Silver (TSXV: BRC), and Silvercorp Metals (NYSE-A: SVM) (TSX: SVM).
Cumulative silver shortfalls over the past five years have surpassed 800 million ounces, draining above-ground inventories and adding sustained pressure to a market already struggling to identify new supply sources[3]. China's expanding restrictions on strategic mineral exports have further narrowed the global pipeline, pushing Western governments to prioritize exploration and development in mining-friendly jurisdictions like Nevada and British Columbia[4].
Americore Resources Corp. (TSXV: AMCO) (OTCQB: AMCOF) has received all data from its recently completed drone-magnetometer survey at the 100%-owned Trinity Silver Project in Pershing County, Nevada. The company has also initiated drill permitting for a Q2 2026 program designed to confirm the project's historic drill database.
Pioneer Exploration Consultants of Ottawa flew the survey, which covered approximately 350 line-km of strike running southwest to northeast with the Trinity open pit at its center. The program was designed to identify structures within roughly six kilometers of that corridor.
Americore has contracted Campbell and Walker Geophysics to perform a comprehensive review and interpretation of the new survey data. That work will incorporate all available historic geophysical data from the property.
On the permitting front, the company is advancing approvals for both BLM land and fee land through the Bureau of Mining Regulation and Reclamation and Nevada Division of Environmental Protection. The Q2 drill program is planned to include 5 to 10 core holes twinning historic drillholes, followed by step-out drilling.
"We continue to systematically move the Trinity Project forward," said Jeff Poloni, CEO of Americore Resources. "The exploration plan which includes both confirmation and expansion drilling will allow us to move the resource from Inferred to Indicated and will become the foundation for a new mineral resource estimate."
The Trinity Project sits on a consolidated land package spanning approximately 22,700 acres. That position includes an option on the adjacent Primus Resources property, where grab samples have returned grades as high as 1,690 g/t silver.
The property carries a 2012 historic resource estimate of 36 million ounces of silver equivalent. The site is no greenfield target. US Borax mined Trinity in 1987 and 1988, producing roughly five million ounces of silver through heap-leach processing before shutting down when silver prices collapsed.
Americore is also evaluating monetization of surface stockpiles containing an estimated 400,000 ounces of silver in oxide material and 365,000 ounces in sulphide. The company is weighing two processing pathways: toll processing at an existing facility or construction of an on-site pilot plant.
With survey interpretation underway, drill permits advancing, and near-surface silver sitting at the ready, Americore is building a clear path toward a new mineral resource estimate at one of North America's most established silver districts.
CONTINUED… Read this and more news for Americore Resources at:
https://usanewsgroup.com/2026/01/12/the-only-silver-that-matters-now-is-silver-you-can-touch/
In other industry developments and happenings in the market include:
Dolly Varden Silver (TSXV: DV) (NYSE-A: DVS) continues to expand high-grade silver mineralization at its 100% owned Kitsault Valley Project in British Columbia. The company recently reported exceptional drill results from the Wolf Vein, including 467 grams per tonne silver over 15.32 meters in hole DV25-435, with higher-grade intervals reaching 1,309 g/t silver over 2.32 meters. Additional drilling returned 659 g/t silver over 4.87 meters in hole DV25-439, including 3,450 g/t silver over 0.55 meters, demonstrating consistent high-grade mineralization across the Wolf Vein structure.
"In addition to the successful infill and expansion of the Wolf Vein, the discovery of silver bearing mineralization similar to the Torbrit Deposit is a very significant step in connecting the Wolf Vein with Torbrit, located over one kilometer to the south," said Shawn Khunkhun, President and CEO of Dolly Varden Silver. "Connecting the two largest silver deposits in the Kitsault Valley trend has been a priority goal of our exploration team."
A total of 56,131 meters were drilled in 2025, systematically testing multiple targets across the Kitsault Valley. With Wolf Vein and Torbrit representing the two largest silver deposits in the district, successful connection of these zones could significantly enhance the project's overall resource profile and potential development timeline.
GR Silver Mining (TSXV: GRSL) (OTCQX: GRSLF) has launched a 20,000-meter step-out drilling campaign at its San Marcial project in Mexico, building on strong 2025 exploration results. Recent drilling intersected 75 meters averaging 260 g/t silver in hole SMS25-09 and 9 meters at 374 g/t silver in hole SMS25-10A, confirming the continuity and grade of mineralization beyond previously defined resource areas. The new program leverages the five-year drilling permit secured in 2025, enabling continuous exploration without regulatory delays.
"2026 is expected to be a pivotal year for GR Silver Mining, as the Company leverages the five-year drilling permit obtained last year, together with its strong financial position, to advance resource growth at San Marcial," said Márcio Fonseca, President and CEO of GR Silver Mining. “To enhance operational efficiency and mitigate risks related to current security conditions in Sinaloa, the Company has relocated its exploration office to Durango, located conveniently to ready access the Plomosas Silver Project. This strategic move initiated in late 2025, supports the 2026 drilling and bulk sampling test mining programs, and enables effective performance of field activities. Our engagement with local authorities continues given their past, present and expected future support of the project."
An updated mineral resource estimate is targeted for delivery and preliminary economic assessment in late 2026. The step-out drilling aims to expand known mineralization and test new targets across the property, with results expected to flow throughout the year as the company advances San Marcial toward development.
Blackrock Silver (TSXV: BRC) (OTCQX: BKRRF) was named to the 2026 TSX Venture 50 list, recognizing the company among the top-performing ventures on the exchange. The annual ranking celebrates companies that demonstrated exceptional market performance and shareholder value creation throughout 2025. For Blackrock, the recognition comes as the company advances its flagship Tonopah West project in Nevada, benefiting from silver's recent designation as both a strategic and critical mineral in the United States.
"2025 was a transformative year for Blackrock, and we are grateful to the TSX Venture Exchange for recognizing the shareholder value we have created," said Andrew Pollard, President and CEO of Blackrock Silver. "We enter 2026 with strong momentum, supported by a robust treasury, an updated Preliminary Economic Assessment on track for delivery this quarter, and key permitting initiatives advancing at our flagship Nevada project. With silver now designated as a strategic and critical mineral in the United States, Tonopah West stands out as one of the few high-grade, domestic mineral projects progressing towards development."
An updated PEA is expected in the first quarter of 2026 while continuing to advance key permitting milestones. Tonopah West's location in a mining-friendly jurisdiction with established infrastructure positions the project favorably as domestic critical mineral supply chains gain policy support.
Silvercorp Metals (NYSE-A: SVM) (TSX: SVM) delivered record financial and operational performance in the third quarter of fiscal 2026, reporting adjusted net income of $47.9 million and cash flow from operating activities of $132.9 million. Revenue reached a record $126.1 million, representing a 51% increase year-over-year, with silver accounting for 72% of total revenue at a realized price of $49.00 per ounce. The company achieved negative cash costs of $3.02 per ounce and all-in sustaining costs of $12.86 per ounce at its Ying Mining District operations in China, while generating record free cash flow of $89.6 million during the quarter. Total ore mined reached a record 365,370 tonnes, up 23% from the prior year period, supporting increased production volumes across the company's portfolio of producing assets.
Strong operational performance combined with elevated silver prices strengthened the company's balance sheet, with cash and cash equivalents reaching $462.8 million at quarter end. The Ying Mining District continues to demonstrate the scalability of existing infrastructure, with record mining volumes achieved through ongoing optimization initiatives. As silver prices remain supported by industrial demand and monetary factors, the company's low-cost production profile and substantial cash generation position it to continue delivering strong returns while maintaining financial flexibility for growth initiatives and shareholder distributions.
Article Source: https://usanewsgroup.com/2026/01/12/the-only-silver-that-matters-now-is-silver-you-can-touch/

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SOURCES:
1. https://www.doi.gov/pressreleases/interior-department-releases-final-2025-list-critical-minerals
2. https://www.federalregister.gov/documents/2025/11/07/2025-19813/final-2025-list-of-critical-minerals
3. https://www.cmegroup.com/newsletters/excell-with-options-report-from-rich-excell/excell-with-options-report-from-rich-excell-2026-02-24.html
4. https://www.cfr.org/reports/leapfrogging-chinas-critical-minerals-dominance

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