A Silver Explorer with Big Grades, Big Backers & Bigger Ambitions

By Sean Brodrick Reviewed by: Jim Nelson

Some mining companies spend years searching for precious metals in remote mountain ranges, hundreds of miles from the nearest paved road, power line or skilled workforce.

Pacifica Silver (PAGFF, “D-”) has a different problem — figuring out how much gold and silver lies beneath a property that already has much of the infrastructure a future mine would need.

I caught up with Todd Anthony, founder and CEO of Pacifica Silver, at the New Orleans Investment Conference. 

We talked about the company's flagship Claudia Project in Durango, Mexico, where drilling is uncovering high-grade gold and silver mineralization and management is working toward a major milestone in 2027.

You can get the scoop from Todd himself in this video interview …

High Grades and Plenty of Room to Grow

Pacifica controls 100% of the Claudia Project, an 11,876-hectare property in Mexico's Sierra Madre Occidental — one of the world's most productive gold and silver belts.

The property covers much of the historic El Papantón Mining District, where at least nine small mines operated during the 20th century. 

More than 30 kilometers of gold- and silver-bearing veins are mapped across the property.

Only about 10% of those mapped veins have been drill-tested. That leaves enormous room for additional discoveries.

Unlike many remote exploration projects, Claudia benefits from excellent infrastructure. 

It's close to a sizable town with plenty of skilled labor; it is accessible by highway, and a power line crosses the property.

That saves considerable time and money if exploration leads to development. And in Pacifica’s case, I believe it will.

The Drill Results Are Getting Interesting

Pacifica's drilling is already delivering some impressive numbers.

On Oct. 28, the company reported an intercept of 5.04 meters grading 8.72 grams per metric ton of gold and 49 grams of silver at its Central Vein. 

That included an even richer section of 1.03 meters grading 35.83 grams of gold and 159 grams of silver.

That discovery came from a 500-meter step-out hole, helping establish a new high-grade mineralized zone extending approximately 750 meters along strike.

Meanwhile, another hole at the Aguilareña Vein returned 4.44 meters grading 8 grams of gold and 65 grams of silver.

The company has now identified more than 3.9 kilometers of mineralized strike length across three principal veins, with mineralization remaining open along strike and at depth.

A Major Milestone Coming in 2027

Pacifica is working toward its first formal mineral resource estimate in 2027.

Todd told me the company is targeting a cumulative drilling database of approximately 65,000 to 75,000 meters to support its resource ambitions.

Its 2026 Phase II program was expanded to 30,000 meters, with four drill rigs operating at Claudia. As of Oct. 26, nearly 28,000 meters had been completed in 118 holes.

The resource estimate could give investors their first meaningful picture of just how much gold and silver Pacifica has discovered.

Big Names Are Backing It

Todd told me Pacifica has approximately C$20 million in cash, with exploration expenditures running around C$2 million to C$3 million per month. 

The company also has outstanding warrants that could provide additional funding if exercised, although that depends on warrant holders and market conditions.

But if and when Pacifica needs more money, it’s already attracted an impressive roster of investors.

Among its strategic shareholders are Vizsla Silver (VZLA, “D-”), First Majestic Silver (AG, “C+”), Silvercorp Metals (SVM, “C”) and billionaire precious-metals investor Eric Sprott. 

These investors participated in Pacifica's financings, including its C$23 million offering in January 2026.

That's a significant vote of confidence from investors and companies with considerable experience in Mexico's silver industry.

Another development worth mentioning: Pacifica officially graduated from the OTCQB to the higher-tier OTCQX Best Market on Oct. 30, retaining its U.S. ticker, PAGFF.

Sure, Pacifica remains a speculative, exploration-stage investment. It has no established modern mineral resource or producing mine, and it may require future financing.

Still, with high-grade discoveries, extensive unexplored veins, excellent infrastructure and experienced mining investors backing the company, Pacifica has plenty of the ingredients that make a junior explorer worth watching.

All the best,

Sean Brodrick