Central Vein drilling outlines a high-grade shoot
The standout hole, 26CLAU150D, tested the Central Vein about 500 meters south of an earlier hole and cut a 5.04-meter interval grading 8.72 g/t gold and 49 g/t silver, or 799 g/t silver equivalent. Within that interval, a 1.03-meter section averaged 35.83 g/t gold and 159 g/t silver. Pacifica said the narrower section had the highest gold grade recorded over at least one meter anywhere on the project.
Another nearby hole, 26CLAU135D, cut 1.58 meters averaging 7.79 g/t gold and 163 g/t silver. The two results outline an emerging high-grade shoot along roughly 750 meters of the Central Vein. Its limits have not been closed off along strike or at depth, and assays from additional follow-up drilling are pending.
Aguilareña's mineralized strike reaches 2.7 kilometers
Drilling has added about 700 meters to the southern end of the known Aguilareña Vein mineralization. Fourteen recent holes intersected the vein in that extension, bringing its defined mineralized dimensions to approximately 2.7 kilometers along strike and 225 meters down dip.
Hole 26CLAU132D supplied the extension's strongest result: 6.34 meters averaging 0.63 g/t gold and 35 g/t silver. That included a 1.86-meter section grading 1.55 g/t gold and 73 g/t silver. Four completed holes in the area still await assays.
Pacifica said grades in the southern extension are lower than those in the high-grade shoot north of the historic Aguilareña shaft. An earlier result described on the company's project page came from hole 21CLAU011D, drilled in 2021 about 600 meters north of the shaft. It returned 10.54 g/t gold and 317 g/t silver across 4.05 meters, including 1.10 meters averaging 20.80 g/t gold and 557 g/t silver.
Across Aguilareña, Central and Justina, the combined mineralized strike length now exceeds 3.9 kilometers. That is roughly 1.4 kilometers, or 56%, more than previously reported.
Judy results leave further drilling under review
Pacifica has drilled seven holes at Judy, a target identified by a 31.65-line-kilometer IP-resistivity survey in the second quarter of 2026. Assays are available for six holes; the strongest intercept was a 0.68-meter section in 26CLAU128D grading 0.11 g/t gold and 52 g/t silver.
Despite the modest grades, widespread breccias cemented by silica and sulfides suggest an extensive hydrothermal system. Pacifica is evaluating whether to drill more holes at Judy.
A largely untested vein district
Claudia covers 11,876 hectares in the Sierra Madre Occidental, roughly 145 kilometers northwest of the city of Durango. The low-sulfidation epithermal vein district includes the historic El Papantón artisanal mining district. According to a June 30, 2026, Resource Talks interview, more than 30 kilometers of veins had been mapped, and approximately 90% of those systems had never been drill-tested.
The company's project page lists Claudia as wholly owned by Pacifica, subject to a 3% net smelter return royalty held by Grupo Minero Bacis. Pacifica can repurchase 1.5% for US$600,000.
Earlier exploration included 33 diamond core holes totaling 4,346 meters and a 94-meter shaft at Aguilareña completed by Compania Minera Bacis in 1991–1994. Durango Gold subsequently drilled 36 diamond holes totaling 7,915.9 meters in 2021–2022, according to the project page.
Funding and resource commitments
In the June 30 Resource Talks interview, CEO Todd Anthony said Pacifica's option agreement with prior vendor Silverstone requires 50,000 meters of drilling and declaration of a measured-and-indicated resource by 2029. Resource milestones also trigger tiered payments in cash and shares.
At the time of that interview, Pacifica reported approximately C$25 million in cash. It expected second-half 2026 spending of C$6–7 million to leave about C$18 million at year-end. Management said it did not anticipate an equity raise until at least mid-2028.
Anthony put drilling costs at approximately US$105 per meter, equivalent to roughly C$150 per meter. Management estimated that the treasury could support about 100,000 meters of additional drilling.
Phase II nears its planned year-end completion
The fully funded Phase II campaign began in mid-January 2026 and was expanded to 30,000 meters. By October 26, Pacifica had completed 27,941 meters in 118 holes, with four rigs operating at Claudia.
Stephen Redak, CPG, Pacifica's vice president of exploration and the Qualified Person under National Instrument 43-101, reviewed and approved the technical details. The company said drilling remains on schedule to finish in the fourth quarter of 2026, supporting resource definition ahead of a planned maiden resource estimate in 2027.
