Prince Silver: Fully Funded and Targeting 100 Million Ounces Silver Equivalent in Nevada
•March 4, 2026
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Why It Matters
A timely, well-funded drill program on a past-producing Nevada asset in a top mining jurisdiction could materially de-risk and scale a high-grade silver–base metal deposit; a successful resource and positive metallurgy would significantly enhance the project's valuation and financing optionality.
Summary
Prince Silver, a Nevada-focused explorer, is advancing its namesake past-producing Prince project with a fully funded RC drill program after closing a $4.75 million upsized private placement. CEO Derek Iwanaka said initial January drill results were encouraging and the company has doubled its land position to a little over 2,000 acres to expand the target. Management plans an internal resource estimate before year-end and is accelerating metallurgical work to address silver-manganese recovery, while additional drill results and team additions are expected in coming months. Prince is targeting roughly 100 million ounces silver equivalent and has the treasury to continue drilling if more holes are needed to reach that threshold.
Original Description
Prince Silver (CSE:PRNC,OTCQB:PRNCF) CEO Derek Iwanaka shared the company’s recent strategic expansion and the ongoing drill program at their flagship Prince project in Nevada. From doubling their land position to over 1,200 acres, raising $4.75 million in a private placement, to targeting a resource estimate of 100 million ounces of silver equivalent, Iwanaka shares why this past-producing mine is ripe for a comeback.
#silverstocks #silverprice
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