Tier One Silver Starts Phase 2 Drilling at High-Grade Curibaya Project in Peru

An announcement from Tier One Silver ( (TSE:TSLV) ) is now available.

Tier One Silver has launched a Phase 2 diamond drilling program at its Curibaya silver-gold-copper project in southern Peru, targeting the undrilled Cambaya 1 corridor, which lies more than 250 metres above prior drill areas and hosts some of the highest-grade surface channel samples reported to date. The program, initially comprising about 1,150 metres in seven holes from four platforms and using an existing drill permit valid to October 2026, aims to test the vertical continuity of high-grade mineralization and high-resistivity geophysical targets, potentially expanding the scale understanding of the system and guiding future drilling contingent on results and financing.

Drilling will test beneath multiple high-grade channel samples in the Cambaya 1 corridor and revisit the Sambalay corridor to follow up on a previous high-grade intercept, while concurrent channel sampling across Cambaya 1 and 2 will refine structural and mineralization models. Successful outcomes from this campaign could enhance Tier One Silver’s resource potential at Curibaya, strengthen its positioning in Peru’s precious metals exploration space and influence the company’s strategic options for further project advancement.

The most recent analyst rating on (TSE:TSLV) stock is a Hold with a C$0.15 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 silver, gold and copper discoveries in Peru. Its flagship asset is the Curibaya epithermal project in southern Peru, where the company targets large-scale precious metals systems through diamond drilling and surface sampling in key mineralized corridors.

Average Trading Volume: 434,228

Technical Sentiment Signal: Hold

Current Market Cap: C$31.82M

For a thorough assessment of TSLV stock, go to TipRanks’ Stock Analysis page.