en.Wedoany.com Reported - Canadian mining company Highlander Silver Corp. (TSX, NYSE American: HSLV) announced on June 18, 2026, that it will launch a large-scale exploration program at its Corani silver-lead-zinc project in the Corani district, Carabaya province, Puno region, Peru. The program will implement 132 drill holes across 70 drilling platforms, totaling 25,276 meters, aimed at assessing potential additional mineral resources within the project area.
The Corani project is Highlander Silver's core asset, consisting of 20 mining concessions covering approximately 10,319 hectares. It is the world's largest fully permitted primary silver project, with proven and probable reserves of 229 million ounces of silver and 4.4 billion pounds of combined lead and zinc. With a mine life of 15 years, it is expected to produce an average of 9.6 million ounces of silver, 44,100 tonnes of lead, and 31,100 tonnes of zinc annually.
Highlander Silver completed its merger with Bear Creek Mining Corporation on February 26, 2026, acquiring 100% ownership of the Corani project. The company appointed Carlos Ojeda as Vice President and General Manager, who previously led the engineering and construction of Anglo American's Quellaveco open-pit mine.
In addition to drilling, the exploration program includes six exploration trenches, each 1.5 meters wide and 1.5 meters deep, totaling 2,234 meters in length, as well as 2.81 kilometers of new access roads. The company has previously completed 620 line-kilometers of airborne magnetic surveys and 54 kilometers of induced polarization surveys. Since April 2026, the first drilling rig has commenced drilling operations.
In terms of project optimization, Highlander Silver is conducting site preparation work, including internal road and platform construction, camp upgrades, substation construction, and access road rehabilitation. The company has engaged MINSYS Mining Systems for resource and reserve planning, and Ausenco Engineering for the construction of the processing plant and infrastructure. An updated feasibility study based on a phased development approach is expected to be completed by the end of the third quarter of 2026.
Peru's Ministry of Energy and Mines has listed Corani as one of eight major mining projects to be launched in 2026, with an estimated investment of $579 million. As of March 31, 2026, Highlander Silver held approximately $100 million in cash with no debt.
The implementation of this large-scale exploration program is a key step for Highlander Silver to accelerate the development of the Corani project following its merger with Bear Creek Mining, aiming to further expand the resource base and provide more comprehensive geological data support for subsequent feasibility studies.
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