Silver X Defines High-Grade Mineralization at Red Silver: Underground Channel Sampling Includes Averages of 735 g/t Ag Over 65 metres and 649 g/t Ag Over 40 metres. Announces 1,200- Metre Drill Program to Test Continuity
Silver X Defines High-Grade Mineralization at Red Silver:
Underground Channel Sampling Includes Averages of 735 g/t Ag
Over 65 metres and 649 g/t Ag Over 40 metres. Announces 1,200-
Metre Drill Program to Test Continuity
VANCOUVER, BC / ACCESS Newswire / January 13, 2026 / Silver X Mining
Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) ("Silver X" or the "Company") is pleased to
announce strong silver channel sampling results from Red Silver-a key exploration asset
within the Company's Flagship Nueva Recuperada Property-located in Huancavelica, Peru.
Results include 735 grams per tonne (g/t) silver over 65 metres of strike length and 649 g/t
Ag over 40 metres, confirming the presence of multiple continuous strong silver shoots.
Based on these results, the Company is pleased to announce a 1,200-metre underground
diamond drill program to test the vertical and lateral continuity of the newly defined
mineralized zones.
"Sampling more than 65 metres along the vein shoot with approximately 735 grams of silver
per tonne clearly demonstrates the strength and continuity of the Red Silver
system" , said José García, CEO of Silver X. "These results give us the confidence to move
forward immediately with underground drilling. By advancing drilling and development in
parallel with production expansion, we are aggressively testing the scale of this discovery
while maintaining disciplined, efficient execution. We believe this work has the potential to
meaningfully enhance our near-term production profile and strengthen the long-term
growth trajectory of the operation. "
High-Grade Silver Defined Through Underground Sampling
Silver X has completed a systematic underground channel sampling program on Level 810,
targeting previously underexplored areas of the Silvia and Rossana veins. The program
successfully delineated four high-grade mineralized shoots, demonstrating strong grade
continuity and reinforcing the interpretation of a robust, silver-rich vein system.
Key sampling highlights include:
• Silvia Vein - Shoot 1: 735 g/t Ag, 0.45% Pb and 0.73% Zn over an average width of
0.56 metres across 65 metres of strike (Figure 01).
• Silvia Vein - Shoot 2: 649 g/t Ag, 0.40% Pb and 0.69% Zn over 0.50 metres
across 40 metres of strike (Figure 01).
• Rossana Vein: Two additional mineralized shoots identified, including 497 g/t
Ag (over 0.92m width in Shoot 1) and a zinc-rich shoot grading 1.98% Zn (Shoot 2) in
Figure 02.
These results confirm the presence of continuous, mine-scale strong silver
mineralization within accessible underground workings.
Figure 01: Location of shoots and mine development plan in Silvia Vein Longitudinal
Section.
Figure 02: Location of shoots and mine development plan in Rossana Vein
Longitudinal Section.
1,200-Metre Underground Drill Program Announced
In response to the strong channel sampling results, Silver X is advancing an underground
diamond drilling program totaling approximately 1,200 metres across 15 drill holes.
The drill program is designed to:
• Test the vertical and lateral extensions of the Silvia, Rossana, Luz, Larissa and
Mariela strong shoots.
• Evaluate the plunge continuity of mineralization above and below Levels 810 and
860.
• Support future resource growth, mine planning and development decisions.
Drilling is expected to commence in the near term.
Figure 03: 1,200m underground drill program and planned mine development. Plan
view with vein projections at level 860.
Parallel Exploration Through Mine Development
In parallel with drilling, the Company plans to initiate underground development on Level
860, located approximately 50 metres above Level 810. This development will provide
direct access to the up-dip extensions of the strong mineralized shoots, allowing for
additional mapping and channel sampling.
This dual-track strategy-drilling and mine development above - is intended to rapidly
advance geological understanding while maintaining capital efficiency.
Summary of Channel Sampling Results
Vein Shoot Strike Length (m) Avg. Width (m) Ag (g/T) Pb (%) Zn (%)
Silvia Shoot 1 65 0.56 735 0.45 0.73
Silvia Shoot 2 40 0.50 649 0.40 0.69
Rossana Shoot 1 35 0.92 497 0.30 0.64
Rossana Shoot 2 45 0.82 396 0.48 1.98
Table 01: Summary of Channel Sampling Results
Quality Assurance and Quality Control (QA/QC)
Silver X follows rigorous QA/QC protocols. Channel samples were collected using hammer
and chisel to ensure representative sampling of the vein material and immediate wall rock.
Samples were dispatched to an ISO-certified laboratory in Lima, Peru. The program
includes the regular insertion of certified reference materials (standards), blanks, and field
duplicates to ensure the highest level of analytical accuracy.
Please see "Cautionary Note regarding Production without Mineral Reserves" at the
end of this news release.
Qualified Person
Mr. A. David Heyl, B.Sc., C.P .G who is a qualified person under NI 43-101, has reviewed and
approved the technical content of this news release for Silver X. Mr. A. David Heyl is a
consultant for Silver X.
Cautionary Note regarding Production without Mineral Reserves
The decision to commence production at the Nueva Recuperada Project and the
Company's ongoing mining operations as referenced herein (the "Production Decision
and Operations") are based on economic models prepared by the Company in
conjunction with management's knowledge of the property and the existing estimate of
mineral resources on the property. The Production Decision and Operations are not based
on a preliminary economic assessment, a pre-feasibility study or a feasibility study of
mineral reserves demonstrating economic and technical viability. Accordingly, there is
increased uncertainty and economic and technical risks of failure associated with the
Production Decision and Operations, in particular: the risk that mineral grades will be lower
than expected; the risk that additional construction or ongoing mining operations are more
difficult or more expensive than expected; and production and economic variables may
vary considerably, due to the absence of a detailed economic and technical analysis in
accordance with NI 43-101.
About Silver X
Silver X is a rapidly expanding silver producer and developer advancing the Nueva
Recuperada Project in Peru, a 20,795-hectare, district-scale land package with two mining
units and over 200 targets. Current production at the Tangana Mining Unit is scaling
alongside the planned restart of the Plata Mine, supporting a path to ~6 million AgEq
ounces annually by 2029. With immediate revenue, scalable growth, and long-term
discovery upside - all within one integrated project - Silver X is building the next-generation
silver company defined by growth, resilience, and responsible mining.
For more information visit our website at www.silverxmining.com.
ON BEHALF OF THE BOARD
José M. Garcia
CEO and Director
For further information, please contact:
Kaitlin Taylor
Investor Relations
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking" Information
This press release contains forward-looking information within the meaning of applicable
Canadian securities legislation ("forward-looking information"). Generally, forward-looking
information can be identified by the use of forward-looking terminology such as "plans" ,
"expects" or "does not expect" , "is expected" , "budget" , "scheduled" , "estimates" ,
"forecasts" , "intends" , "anticipates" or "does not anticipate" , or "believes" , or variations of
such words and phrases or state that certain acts, events or results "may" , "could" , "would" ,
"might" or "will be taken" , "occur" or "be achieved" .All information contained in this press
release, other than statements of current and historical fact, is forward-looking
information. Forward-looking information contained in this press release may include,
without limitation, exploration plans, results of operations, expected performance at the
Project, the Company's belief that the Tangana system will provide considerable resource
expansion potential, that the Company will be able to mine the Tangana Mining Unit in an
economic manner, and the expected financial performance of the Company.
The following are some of the assumptions upon which forward-looking information is
based: that general business and economic adverse manner; demand for, and stable or
improving price for the commodities we produce; receipt of regulatory and governmental
approvals, permits and renewals in a timely manner; that the Company will not experience
any material accident, labour dispute or failure of plant or equipment or other material
disruption in the Company's operations at the Project and Nueva Recuperada Plant; the
availability of financing for operations and development; the Company's ability to procure
equipment and operating supplies in sufficient quantities and on a timely basis; that the
estimates of the resources at the Project and the geological, operational and price
assumptions on which these and the Company's operations are based are within
reasonable bounds of accuracy(including with respect to size, grade and recovery); the
Company's ability to attract and retain skilled personnel and directors; and the ability of
management to execute strategic goals.
Forward-looking information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance or
achievements of the Company, as the case may be, to be materially different from those
expressed or implied by such forward-looking information, including but not limited to
those risks described in the Company's annual and interim MD&As and in its public
documents filed on www.sedar.com from time to time. Forward-looking statements are
based on the opinions and estimates of management as of the date such statements are
made. Although the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking information,
there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking
information. The Company does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
SOURCE: Silver X Mining Corp.