Assays Pending in Northern B.C., High-Grade Results in the Yukon…

VANCOUVER, British Columbia, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Market Updates News Commentary - The estimated average silver price in 2025 was $38 per troy ounce, 34% higher than the average price in 2024, according to the U.S. Geological Survey, which reported that the price increased for 11 months in 2025 and reached a high of $53.60 per troy ounce on November 13. With prices at those levels, explorers in northern British Columbia and the Yukon are closing out their fall field seasons with drill results and assays to come, while producers report their third-quarter output. Companies mentioned in today’s commentary include: GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF), Silver North Resources Ltd. (TSX-V: SNAG) (OTCQB: TARSF), Santacruz Silver Mining Ltd. (NASDAQ: SCZM) (TSX: SCZ), Aya Gold & Silver Inc. (TSX: AYA) (NASDAQ: AYA).

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS)

GoldHaven Resources Corp. announced that its inaugural 2026 diamond drilling program at its flagship Magno Project in the Cassiar District of northwestern British Columbia has reached approximately 3,000 metres. At D Zone, the latest drill hole at Middle D, GOH26-15, intersected approximately 18.5 metres of massive sulphide and 9 metres of semi-massive sulphide mineralization, with visible galena and sphalerite, following the four of the first five holes at Middle D that the company reported on October 22 had intersected semi-massive to massive sulphide mineralization. True widths are unknown and laboratory assays remain pending. GoldHaven says Magno shares key geological characteristics, including carbonate replacement-style mineralization, with the adjacent Silvertip deposit, a comparison the company describes as geological in nature only.

“Reaching 3,000 metres in our inaugural drill program is an important milestone, but we’re particularly encouraged by the silver-lead-zinc potential emerging at D Zone,” said Rob Birmingham, President and CEO of GoldHaven.

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Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF)

Next door in the Cassiar District, Cassiar Gold said on October 22 that it is nearing completion of its 2026 exploration drilling program, comprising approximately 10,000 metres across 37 drill holes, on a property that spans 590 km². The company announced a non-brokered private placement for aggregate gross proceeds of up to $3,000,000, in which certain insiders will participate, with closing expected on or about November 4, 2026. Its Taurus deposit hosts 410,000 ounces of Indicated Mineral Resources grading 1.43 g/t gold and 1.93 million ounces of Inferred Mineral Resources grading 0.95 g/t gold.

“We believe Cassiar is at an important stage in its evolution,” said Steve Letwin, Chairman of Cassiar Gold Corp.

Silver North Resources Ltd. (TSX-V: SNAG) (OTCQB: TARSF)

In the Yukon, Silver North reported on October 14 step-out drilling results from its Haldane Silver Property, 25 km west of Keno City, including 4.41 m (3.87 m estimated true width) averaging 1,669 g/t silver, 0.34 g/t gold, 3.33% lead and 2.00% zinc within a larger 12.16 m (10.67 m estimated true width) intersection of 727 g/t silver, 0.31 g/t gold, 3.20% lead and 2.05% zinc. The results are from the first three of 24 holes, totalling 6,169 metres, completed in the 2026 program.

“The Main Fault continues to deliver strong silver grades over wide intersections, with HLD26-41 rivalling last year’s hole 31 as the best hole drilled to date at Haldane,” said Jason Weber, P.Geo., President and CEO of Silver North.

Santacruz Silver Mining Ltd. (NASDAQ: SCZM) (TSX: SCZ)

Among producers, Santacruz Silver reported on October 21 that consolidated silver production decreased by 5% to 1,500,958 ounces in the third quarter of 2026 compared with the second quarter, and consolidated zinc production decreased 5% to 22,080 tonnes, while silver production from its mining operations increased quarter over quarter and year over year.

“In Q3 2026, our mining operations increased silver production by 2% quarter-over-quarter and by 30% year-over-year,” said Arturo Préstamo, Executive Chairman and CEO of Santacruz.

Aya Gold & Silver Inc. (TSX: AYA) (NASDAQ: AYA)

Aya Gold & Silver reported on October 14 record consolidated third-quarter production of 2.03 million silver equivalent ounces, including record silver production of 1.50 million ounces at its Zgounder mine in Morocco, up 11% year over year, and a record processing rate of 4,096 tonnes per day, a 5% increase over the second quarter.

“Q3 was another record quarter at Zgounder, with records in both silver production and mill throughput,” said Benoit La Salle, President & CEO of Aya Gold & Silver.

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