Argenta Silver Upsizes Drill Program to 25,000 m, Initiates Metallurgical and Key Technical Studies at El Quevar
Argenta Silver Upsizes Drill Program to 25,000
m, Initiates Metallurgical and Key Technical
Studies at El Quevar
TSX-V: AGAG
VANCOUVER, BC
,
Feb. 3, 2026
/CNW/ -
Argenta Silver Corp.
(TSXV: AGAG) (OTCQX: AGAGF)
(FSE: T1K) ("Argenta" or the "Company") is pleased to announce a significant expansion of its
planned 2025–2026 Summer Exploration Program, including an increase in diamond drilling to
25,000 meters, the initiation of metallurgical and other key technical studies at the El Quevar Project
in
Salta Province
,
Argentina
. Following the closing of its
C$23 million
bought-deal private placement
on
January 22, 2026
, the Company is fully funded to accelerate exploration, technical de-risking, and
market-related initiatives.
Highlights:
Drill program expanded from
15,000 m
to
≥25,000 m,
reflecting increased confidence in
system scale and upside potential.
Metallurgical testwork at the Yaxtché Deposit
is scheduled to commence in Q1.
Exploration footprint materially enlarged,
with surface mapping and sampling across most of
Quevar South and areas of Quevar North.
Engagement of provider to run
geophysical surveys
across Quevar South and Quevar North,
first ever geophysical studies in some of these areas.
Commencement of work to update the
Environmental Baseline for the project
.
AI-driven data integration and targeting
to support data analysis and target generation.
Joaquin Marias, President, Chief Executive Officer, and Director of Argenta Silver Corp.,
commented:
"We have a clear vision to advance El Quevar into more mature stages of exploration. The
expansion of our summer drilling program from 15,000 to 25,000 meters, the initiation of
metallurgical and other key technical studies, and our plan to more than double the original
exploration footprint from 25 km² to 60 km² together represent a meaningful step forward for the
Project. With the successful completion of the
C$23 million
bought-deal financing,
Argenta
is in its
strongest financial position to date, with approximately
C$41 million
in working capital and no debt,
providing the capacity to execute an expanded, systematic exploration and technical program."
2025–2026 Summer Exploration and Drilling Program
The campaign is currently in full swing following its commencement on
November 1, 2025
. With two
drill rigs fully operational across the
El Quevar Project
, the Company is executing a balanced
growth strategy:
40%
of the program is dedicated to
Resource Expansion
to solidify the existing
asset base, while
60%
is focused on
New Discoveries
, targeting high-impact exploration horizons.
To support this expanded scope, soil geochemical sampling and surface mapping are currently
underway across a vast, unexplored area of Quevar South. These activities will shortly commence in
Quevar North, supplemented by the construction of over
15 km of new internal roads, as part of
the upsized plan
. All sampling will be followed by comprehensive geological, petrographic, and
spectral (TerraSpec) analysis. Consequently, the total exploration footprint for the 2025–2026
summer season has been increased
from
~25
km
2
to
~
60 km
2
.
Figure 1. Map displaying the expanded exploration footprint for the upsized 2025-2026 Summer
Program at El Quevar. (CNW Group/Argenta Silver Corp.)
Environmental Baseline Update
The Company has commenced work to update the Environmental Baseline for El Quevar. This
strategic study has been conferred to the international engineering firm
Ausenco
, recognised for its
extensive experience in
Argentina
.
The study will collect data on physical, biotic, and landscape components, and will comply with
Provincial and National regulations.
Field survey campaigns are
scheduled to commence on Q1 2026
, covering both the wet (summer)
and dry (autumn) seasons to ensure comprehensive environmental management. The results will
allow the Company to establish current environmental conditions prior to project advancement,
benchmarking new data against historical records from 2010 (also acquired by Ausenco).
Advanced Geophysical Exploration
Argenta
has entered into a strategic agreement with
Quantec Geoscience Argentina
to execute a
high-resolution ground magnetic (MAG)
survey comprising approximately 638 line-kilometres
over 140 lines spaced at 100 metres,
covering an area of ~60 km².
The survey is designed to
delineate the structural framework, map geological geometries, and refine exploration targeting,
supporting the optimization of high-priority drill targets.
Following data acquisition, results will be incorporated into a 3D modelling and interpretation
workflow, together with the reinterpretation of available historical geophysical datasets contained
within the project databases. This integrated interpretation will be used to optimize and adjust the
layout of subsequent Induced Polarization (IP) survey grids, which are planned as a strategic
complement to the MAG survey to provide critical electrical property data, further reduce exploration
risk, and assess the potential presence of sulfide mineralization at depth.
The program is planned to ensure MAG data availability prior to the onset of the winter season in the
Southern Hemisphere, allowing for the immediate continuation of IP surveys.
Metallurgical Testwork
Metallurgical testwork represents a critical step in
advancing the Project toward more advanced
technical and economic evaluation.
The program is designed to generate modern, deposit-
specific metallurgical data to support future development and feasibility studies.
The work will be conducted by
Blue Coast Research (BCR),
an internationally recognized
metallurgical consultancy. Selection of both historical and recently drilled core has already
commenced, with testwork
scheduled to to begin in Q1 2026
following sample delivery to BCR's
facilities in
Canada
.
The testwork will focus on the Yaxtché Deposit, which currently hosts a
Mineral Resource
Estimate of 45.3
Moz Ag
at 482 g/t Ag in the Indicated category and 4.1
Moz Ag
at 417 g/t Ag
in the Inferred category.
Representative samples from the main mineralization domains will be
tested to evaluate silver recovery across the resource, define optimal processing parameters,
assess potential flowsheet configurations, and characterize silver species and mineral associations.
The results of this program are expected to provide a robust technical foundation for future
economic studies and ongoing project advancement.
Integrating Artificial Intelligence & Predictive Modelling
Additionally, in a move to modernize its exploration approach, the Company is in
advanced
discussions with Machine Learning (ML) and predictive modelling specialists
. This strategic
initiative aims to leverage
Argenta's
vast historical database
to identify subtle, multi-parameter
signatures that define hidden mineralization. By deploying state-of-the-art algorithms, the Company
intends to generate "blind" high priority targets that traditional exploration methods may have
overlooked,
potentially adding significant value to the project's resource pipeline
.
Automated Market Making Services
ICP Securities Inc. ("ICP") has been engaged to provide automated market making services,
including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and
guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly
fee of
C$7,500
, plus applicable taxes. The agreement between the Company and ICP was signed
with a start date of
February 2, 2026
, and is for four (4) months (the "Initial Term") and shall be
automatically renewed for subsequent one (1) month terms (each month called an "Additional Term")
unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term
or an Additional Term, as applicable. There are no performance factors contained in the agreement
and no stock options or other compensation in connection with the engagement. ICP and its clients
may acquire an interest in the securities of the Company in the future.
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible
for the costs it incurs in buying and selling the Company's shares, and no third party will be providing
funds or securities for the market making activities.
About ICP Securities Inc.
ICP Securities Inc. is a
Toronto
based CIRO dealer-member that specializes in automated market
making and liquidity provision, as well as having a proprietary market making algorithm, ICP
Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market
structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high
quality liquidity provision and execution services to a broad array of public issuers and institutional
investors.
About El Quevar Project
The El Quevar Project is located in Salta,
Argentina
and spans an area of 57,000 hectares. The
property remains underexplored with less than 3 % of the area covered with comprehensive
exploration work. The property boasts exceptional infrastructure with over 60 km of internal roads, a
fully owned, fully operational camp for 100 workers with multiple support buildings, and a railroad,
gas pipeline and service road just 3 km from camp, while a high
voltage transmission line lies
approximately 20 km from the exploration area. The robust infrastructure associated with the project
provides a cost-effective platform to de
risk and accelerate future drilling and development.
The foundational Mineral Resource Estimate of the Yaxtché deposit boasts an indicated mineral
resource of
45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag
, and an
inferred resource of
4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag
(1). The
mineral resource area remains open at depth and in multiple directions, particularly to the southeast
and northwest.
The mineralization at the Yaxtché deposit is defined as a silver rich, high to intermediate-sulphidation
epithermal system with associated gold. Mineralization is controlled by NW-SE and NE-SW fault
structures and is mainly hosted in brecciated zones and dacite domes. Silver minerals at Yaxtché
consist of complex silver sulphides, sulphosalts and native silver. These minerals are found within
silicified breccias, commonly appearing as veinlets, stockworks, disseminations, and breccia fillings.
Qualified Person
Rob van Egmond
, P.Geo., a "qualified person" as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical
information contained in this news release.
Rob van Egmond
, P.Geo. has visited the El Quevar
Project and is not independent of the Company.
(1) Refer to NI43-101 technical report with effective date of
September 30, 2024
, titled "NI 43-101
Technical Report on the Mineral Resource Estimate of the El Quevar Project Salta Province,
Argentina
", posted on
www.SEDAR.com
under Argenta Silver Corp.
About Argenta Silver Corp.
Argenta Silver Corp. is a silver exploration company committed to (or- "focused on") advancing
projects that support the global energy transition. Our mission is to create sustainable, long-term
value for shareholders by acquiring and developing high-potential silver assets in mining-friendly
jurisdictions across Latin America. Led by an experienced management team with deep expertise in
exploration, finance, and project development, Argenta emphasizes responsible mining practices and
is well-positioned to meet the rising demand for silver, a critical metal in renewable energy and
emerging technologies.
On behalf of Argenta Silver Corp.
"Joaquín Marias"
President and Chief Executive Officer
For further information, please contact:
Vanessa Bogaert
, Vice President Investor Relations and
Communications
Tel: 604-721-7773
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking statements and forward-looking information as defined
by applicable securities laws. Forward-looking statements include risks and uncertainties, as
detailed in the Company's disclosure. The Company undertakes no obligation to update these
statements except as required by law.
Forward Looking Information
Certain statements and information herein contain forward-looking statements and forward-looking
information within the meaning of applicable securities laws. Such forward-looking statements or
information include but are not limited to statements or information with respect to: the El Quevar
project; potential for resource expansion and significantly larger mineralization beyond the current
resource; further results from on-going exploration and evaluation of assays.
Although management of the Company believes that the assumptions made and the expectations
represented by such statements or information are reasonable, there can be no assurance that
forward-looking statements or information herein will prove to be accurate. Forward-looking
statements and information by their nature are based on assumptions and involve known and
unknown risks, uncertainties and other factors which may cause actual results, performance or
achievements, or industry results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or information. These risk
factors include, but are not limited to: exploration and development of the El Quevar project may
not result in any commercially successful outcome for the Company; risks associated with the
business of the Company; business and economic conditions in the mining industry generally;
changes in general economic conditions or conditions in the financial markets; changes in laws
(including regulations respecting mining concessions); and other risk factors as detailed from time
to time. The Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE
Argenta Silver Corp.
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%SEDAR: 00009657E
CO: Argenta Silver Corp.
CNW 08:30e 03-FEB-26