Toronto-listed Discovery Silver has reported encouraging drilling results from its newly acquired Porcupine Complex in Ontario, highlighting potential for significant growth across multiple assets, including Hoyle Pond, Borden, Pamour, and the high-priority Owl Creek target.

The latest assays cover 85 drill holes totalling 27 640 m completed between April and October 2025, part of a broader 140 000-m exploration programme. Initial results confirm both resource conversion and expansion potential at key deposits.

At Hoyle Pond, multiple high-grade intercepts were reported near the lower limits of the S Zone, including 86.09 g/t over 2.1 m and 150 g/t over 3.1 m. Drilling continues to extend the S Zone to depth and identify new lenses west of the existing resource.

Borden drilling confirmed high-grade extensions along strike north-east of the Main Zone, with highlights such as 19.29 g/t over 5.2 m and 15.61 g/t over 6.0 m. Meanwhile, Pamour delivered excellent results both within and along strike of current pit designs, including long intercepts of lower-grade mineralisation, such as 1.44 g/t over 104.6 m, alongside high-grade single intercepts up to 48.82 g/t over 5.0 m.

Notably, Owl Creek, located about 3 km west of Hoyle Pond, returned multiple high-grade intersections, including 5.58 g/t over 5.2 m, highlighting the potential for further resource expansion in this previously underexplored zone.

Discovery CEO Tony Makuch said the results reinforced the substantial gold potential across the Porcupine Complex. “At Hoyle Pond, drilling continues to extend the S Zone and identify new mineralized lenses. Owl Creek has delivered multiple high-grade hits, underscoring the opportunity to expand resources westward. Borden shows clear extensions of the Main Zone, and Pamour drilling highlights the potential to add significant new ounces.”

Discovery has also initiated drilling programme at the Dome mine and the TVZ Zone adjacent to Hoyle Pond. Dome, with its existing 11-million-ounce inferred resource, is being re-evaluated with plans to convert part of the resource to the indicated category and resume openpit mining without relocating the mill. TVZ drilling, targeting about 25 000 m by early 2026, is expected to provide a new source of production.

Discovery acquired the Porcupine Complex from Newmont in April.