Tier One Silver Inc. (TSLV:TSXV; TSLVF:OTCQB) is an exploration company focused on the discovery of world-class silver, gold, and copper deposits in South America. The company is focused on its flagship exploration project, Curibaya, and announces (April 21) key assay results from the first four of eight drill holes from its Phase 2 diamond drill program at its high-grade Curibaya epithermal silver-gold-copper project located in Tacna, Peru.
The 1,133.6 meter ("m") drill program, completed by the company's wholly owned Peruvian subsidiary, Magma Minerals S.A.C., successfully confirmed the continued presence of high-grade silver-gold mineralization below surface in the Cambaya I target area.
Highlights:
- Initial assay results from the first four diamond drill holes of Phase 2 drilling confirmed high-grade silver-gold mineralization within the Cambaya I corridor, including:
- 0.7 m of 1,015 grams per tonne ("g/t") silver ("Ag") and 4.52 g/t gold ("Au"), within a broader interval of 2.7 m of 284.4 g/t Ag and 1.29 g/t Au, in hole 26CUR-018, the second hole of Phase 2 drilling.
- Results support continuity of precious metals mineralization across multiple corridors, with approximately 6 kilometers ("km") of mineralized structures identified to date.
- Step-out drilling indicates strong lateral and vertical continuity relative to prior Phase 1 drilling high-grade intercepts.
- Mineralization encountered in Phase 2 is located more than 1 km away horizontally and 250 m away vertically from hole 21CUR-016 of the company's 2021 Phase 1 drilling which returned 1.5 m of 1,128.7 g/t Ag and 1.04 g/t Au (see news release February 14, 2022).
Silver Bullion: Technical Observations
Figure 1: Weekly Bar Chart (Price & Stochastics Oscillator Analysis)
A Stochastics (14,5,5 series) crossover buy signal is now in play on the silver bullion weekly chart, and it is occurring at the oversold line.
Resistance sits at US$96 and US$121.
Previous rallies from the oversold zone for this Stochastics oscillator have seen the price challenge recent highs. My projection is that this occurs again.
Figure 2: Daily Bar Chart (Price & Stochastics Oscillator Analysis)
There is bull wedge action on this daily price chart and a potential upside breakout.
Stochastics (14,7,7 series for the daily chart) is also oversold and flashing a new crossover buy signal.
Price Targets For Silver: US$96.00 and US$121.00
A rising silver bullion price is often accompanied by a rise in the share price of many silver miners.
More Fresh Activity At Curibaya: Permit expansion
Permit expansion is underway to increase drilling capacity to up to 220 holes, from the 17 permitted holes remaining under current permits.
After the company encountered high-grade mineralization in multiple holes of its 2021 Phase 1 drilling conducted in the Tipal, Madre, Sama, and Sambalay structural corridors, the company's ongoing surface work identified two significant target corridors in the northeastern portion of the approximately 17,000-hectare property: Cambaya I and Cambaya II.
The company's Phase 2 drill program focused on just a small portion of the Cambaya I corridor and at shallow depths, with the eight holes averaging approximately 140 m per hole. Initial results reconfirm the presence of a high-grade epithermal silver-gold system at Curibaya that spans approximately 6 km across multiple corridors.
Mineralization intersected in early Phase 2 drilling supports continuity beneath previously defined high-grade surface channel samples and reinforces the scale potential of the Cambaya corridors (see Tier One's news release dated September 26, 2022). The system remains open in multiple directions, with further drilling required to test expansion potential.
Advancing Permits
The company is advancing applications to expand drill permits at Curibaya through a new semi-detailed Environmental Impact Study ("EIA-sd"), targeting an increase to up to 220 drill holes within an expanded permit area. Baseline environmental studies are underway, with submission of the application anticipated in Q3 2026.
Additional Channel Sampling
Recent channel sampling continues to support the scale of the Cambaya target areas, with mineralized zones defined over approximately 1 km by 400 m at Cambaya I and 800 m by 300 m at Cambaya II, further reinforcing the continuity and expansion potential of the system.
Catalysts for 2026
In earlier news (January 2), Tier One Silver provided a recap of the company's achievements in 2025 and shared its positive outlook for key catalysts in 2026, including Phase 2 drilling at its flagship Curibaya project in southern Peru and the evaluation of targeted project acquisition opportunities to strengthen the company's portfolio.
2025 Highlights
- Strengthened financial position:
- Tier One successfully closed a small but crucial private placement financing in January, 2025, with insiders accounting for approximately 38.5%, securing capital to support continued community engagement and allowing the company to navigate through a difficult time in the junior mining markets early in the year. In the third quarter, the company closed an oversubscribed equity financing totaling CA$6.5 million, significantly enhancing Tier One's treasury to finance exploration at Curibaya and investigate additional project opportunities.
- Community partnerships secured:
- Tier One continued to build strong, sustainable relationships with local stakeholders in southern Peru and extended its community agreement with the local Chipispaya community, ensuring uninterrupted access to advance exploration activities at Curibaya. The extension of this partnership, now in effect into mid-2026 with an option for further renewal, reinforces Tier One's commitment to responsible exploration and long-term community collaboration.
- Operational focus and project definition:
- Tier One has focused its exploration efforts on refining and prioritizing targets at its Curibaya project, leveraging existing surface data and historical drill results, which positioned the company to conduct its Phase 2 drilling to test priority targets in Q1 2026.
Curibaya Phase 1 Highlights
- Top intercepts from the Phase 1 discovery drill program include:
- 21CUR-016 - 7 m of 272 g/t Ag, 0.33 g/t Au, including 1.5 m of 1,129 g/t Ag, 1.04 g/t Au (Sambalay corridor)
- 21CUR-006 - 1.5 m of 965 g/t Ag, 0.26 g/t Au, including 1 m of 1,431 g/t Ag, 0.39 g/t Au (Madre corridor)
- 21CUR-009 - 3 m of 350 g/t Ag, 0.47 g/t Au (Tipal corridor)
- 21CUR-005 - 1 m of 446 g/t Ag, 1.83 g/t Au (Sambalay corridor)
Summary Of Phase 1:
The key technical advancement from the first phase of drilling at Curibaya was the recognition of a precious metals window that is linked to higher elevations within the project area. The ridges that host the veins within the Tipal, Sama, Madre, and Sambalay corridors have a maximum elevation of approximately 2,100 m, whereas vein mineralization in the northeastern area of the project, the Cambaya target area, has elevations of approximately 2,200 m - 2,400 m.
Given the increase in elevation of up to approximately 300 m, the outcropping epithermal veins from southwest to northeast, and the higher stratigraphic level to the northeast, the company has interpreted that there has been less erosion in the northeast area of the project, and therefore, there is a higher potential for preserved epithermal mineralization. This is corroborated by the observed illite- smectite clay alteration.
The precious metals window observed at Cambaya indicates an erosion level approximately 150 m below the paleo water table, whereas vein outcrops to the southwest have been eroded approximately 300 m deeper at the Sama, Tipal, and Madre corridors. This demonstrates that the corridors in the southwest are 450 m beneath the paleosurface, which is consistent with the common illite alteration observed within those corridors.
In the Cambaya area, high arsenic anomalies at surface indicate that the Ag - Au horizon is preserved and close to surface. This provides a precious metals corridor of approximately 300 m - 400 m within the Cambaya target area with high-grade channel sampling results. In addition, Tier One's technical team believes that the 1 km northern extension from drill hole 21CUR-016 that intercepted 1.5 m of 1,129 g/t Ag, 1.04 g/t Au at the Sambalay corridor is highly prospective, as elevation is gained to the north toward Cambaya, and therefore the vertical extent of the precious metals window is increasing in that direction.
Technical Observations For Tier One Silver Stock Charts
Figure 3: Weekly Bar Chart (Price & Stochastics Oscillator Analysis)
A large base pattern is in play on the weekly Tier One chart. A Stochastics buy signal in the oversold zone is also present.
The wedging action within the base suggests a breakout could occur soon.
Figure 4: Daily Bar Chart (Price, Stochastics Oscillator, And Money Flows Analysis)
A symmetrical bull wedge is in play on this daily Tier One chart.
Stochastics is on a buy signal, implying a breakout from the wedge is imminent (but not guaranteed).
A breakout could see the RSI oscillator rise above 50, potentially bringing in additional buying from technically oriented investors.
The FORCE and especially the MFI money flow indicators are bullishly postured.
Shares Outstanding
- 258.73 million
Significant Shareholders:
Stock price at time of writing (May 6, 2026): Approx. CA$0.10
Technical Rating: Speculative Buy
| Want to be the first to know about interesting Gold and Silver investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
Important Disclosures:
-
For this article, Tier One Silver Inc. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Tier One Silver Inc.
- Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
- Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company.
For additional disclosures, please click here.
