Silver X Mining Announces Historic Drill Program and Strategic Initiatives

Silver X Mining Corp., a Vancouver-based company, has launched a groundbreaking 40,000-meter diamond drill campaign, marking the largest in its history. Funded by a recent Bought Deal financing, the program aims to expand resources at the Nueva Recuperada district in Peru. The initiative seeks to bolster exploration, underground development, and operational efficiency.

This strategic expansion is set to double production capacity to 1,000 tonnes per day by the second quarter of 2026. With the "Plan 100" initiative, Silver X targets reducing costs to US$100 per tonne. Exploration will focus on high-grade targets like RedSilver and Tangana West for potential near-term production.

The company aims to bolster cash flow and long-term growth with the recently improved operations. Silver X is poised to become one of the most cost-effective silver producers in Latin America.