Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF) CEO Ralph Rushton talked with Proactive about the company’s recent infill drilling program at its Berenguela silver-copper-manganese project in southern Peru, located near the town of Santa Lucia.
The program aimed to upgrade inferred resources to the measured and indicated category.
The drilling targeted four to five different areas, including clusters near the edges of the mineralized system and areas known to contain high copper intercepts on the eastern side.
The project benefits from strong infrastructure access, including road, rail, and power, and the mineralization is at surface, making it potentially open-pittable.
Rushton noted that the results of the drilling have been positive, supporting confidence in the project's continued development.
Proactive: All right. Welcome back inside our Proactive newsroom. And joining me now is Ralph Rushton. He is the CEO of Aftermath Silver. Ralph, good to see you again. How are you?
Ralph Rushton: I'm very well, thank you. How are you?
Good, good, good. So I know that the company is out with some significant news and updates on your resource. Tell us a little bit about the project itself and some of the work that's gone into this.
Yeah, the project is a silver-copper-manganese system in southern Peru near the town of Santa Lucia. It has all the infrastructure we need — road, rail, and power. It's at surface, so it's potentially open-pittable. So it’s a very interesting mineralized system. What we've been doing recently is infill drilling, earlier this year, with the objective of converting inferred resources into measured and indicated. And we've successfully done that, registering about a 28% increase in measured and indicated tonnes.
And this is only on one small portion of the property, correct?
Yeah. We had four or five different areas that we drilled. We had a few little clusters of holes within the system, a few around the edges of the mineralization, and a couple over to the eastern side of it, where we know we have some very high copper intercepts. So there was a variety of different objectives with the program, and all of it was carried off very successfully.
So you mentioned the next steps, now that you’ve done this particular work. There’s still a lot of work ahead here in 2026?
There is. The next step for us is shifting into a much more detailed engineering study. So we are actively considering that at the moment. We’ll be talking to engineering groups and looking for proposals on actually moving probably to a more detailed study — a PEA, perhaps along the lines of a PFS, a pre-feasibility study.
But after seeing what you've seen and the work that you've done, you're still pretty confident this is going to be a really good project moving forward?
Yeah, absolutely. And given the commodity price environment at the moment — silver was nearly at $60 this morning — it's all looking... the stars are aligned at the moment for that one.
Quotes have been lightly edited for style and clarity