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Tier One Silver ( (TSE:TSLV) ) has provided an update.
Tier One Silver has begun preparations for a Phase 2 diamond drill program at its Curibaya project in southern Peru, targeting the high-grade Cambaya 1 corridor, an area that has not yet been drilled but has yielded strong silver and gold grades from surface channel sampling. The Q1 2026 campaign will comprise approximately 1,150 metres across seven drill holes from four platforms, designed to test the vertical continuity of high-grade mineralization and geophysical resistivity anomalies, as well as follow up on standout intercepts from the 2021 Phase 1 program. All planned drilling is covered under the company’s existing permit, which runs to October 2026 and allows substantial additional drilling, enabling Tier One to potentially expand the program at Cambaya 2 and other targets if early results and financing conditions are supportive, a move that could materially influence the project’s advancement and the company’s exploration profile in Peru.
The most recent analyst rating on (TSE:TSLV) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Tier One Silver stock, see the TSE:TSLV Stock Forecast page.
Spark’s Take on TSE:TSLV Stock
According to Spark, TipRanks’ AI Analyst, TSE:TSLV is a Neutral.
The score is mainly held back by weak financial performance (pre-revenue, ongoing losses and cash burn), despite improving loss trends and a no-debt balance sheet. Technicals provide a modestly positive backdrop with price above key longer-term averages, while valuation remains challenged due to negative earnings. Corporate updates are constructive, particularly the renewed community agreement supporting upcoming drilling plans.
To see Spark’s full report on TSE:TSLV stock, click here.
More about Tier One Silver
Tier One Silver Inc. is a mineral exploration company focused on high-grade precious and base metal projects in Peru, with its flagship Curibaya epithermal silver-gold-copper project located in the Tacna region. The company targets high-grade vein and epithermal systems, positioning itself within a prolific mining belt that hosts several large copper porphyry operations in southern Peru.
Average Trading Volume: 260,418
Technical Sentiment Signal: Buy
Current Market Cap: C$50.45M
For an in-depth examination of TSLV stock, go to TipRanks’ Overview page.