First Andes Silver Begins Phase 2 Soil Sampling Program at Santas Gloria Project in Peru

02:12 PM EST, 11/05/2026 (MT Newswires) -- First Andes Silver (FAS.V) started its Phase 2 soil sampling program at its Santas Gloria Project in Peru, it said Thursday. The program will include approximately 1,615 planned soil samples across the southern portion of Santas Gloria, said the company. First Andes Silver expects sampling to cover a "substantial portion of the 1.3 km x 2 km WorldView-3 zoned hydrothermal alteration system," it added. "Phase 1 soil sampling delineated extensive gold and silver anomalies across multiple epithermal vein corridors at Santas Gloria," said Chief Executive Officer Colin Smith. "We are now extending this successful approach into the southern half of the Project, where a major WorldView-3 hydrothermal alteration footprint coincides with multiple kilometre-scale vein systems. This combination of extensive alteration, high-grade silver occurrences and limited historical drilling presents a compelling opportunity to identify new mineralized corridors and advance priority drill targets." The company's shares were last seen unchanged at CA$0.075 on the TSX Venture Exchange.