08:08 AM EST, 11/27/2025 (MT Newswires) -- Silver Mountain Resources ( AGMWF ) reported Thursday high-grade results from the underground channel sampling program at the Reliquias project in Peru.

Results include 1.07 meters at 336 grams per tonne silver, 10.7% lead, 11.7% zinc, 2.7% copper and 0.34 g/t gold from the Ayayay vein.

"We are encouraged by the consistent strong grades from the Ayayay vein and associated structures - reinforcing the high-grade quality of the Reliquias deposit," President and Chief Executive Officer Alvaro Espinoza said.

The company said it has commenced early-stage stockpiling of mineralized material at the project.

Silver Mountain said the sampling program and the stockpiling are part of its mine-readiness work aimed at starting commercial production during the third quarter of 2026.

Silver Mountain's share price gained 6.2% Wednesday to C$2.75 on the TSX Venture Exchange.