Resources Corp. (CSE: PONY; FSE: BJ40; OTC: PONIF) and should not be considered independent editorial content. Full disclosure appears at the end of this article.

The scientific and technical information contained in this article has been reviewed and approved by Olga Ankindinova, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Dr. Ankindinova is CEO and Principal Geologist of SubSurface Intelligence Consulting Group, a geological consultant to the Company, and is independent of the Company for the purposes of NI 43-101.

Silver Pony Resources Corp. (CSE: PONY; FSE: BJ40; OTC: PONIF) has completed its maiden drill program at the Silver Pony Project in southeastern British Columbia. Ten holes totaling 2,280.17 meters were drilled across the Black Warrior and Revelstoke target areas, the first drilling in the Company’s history on the Project.

At the Revelstoke Trend, all six holes logged mineralized intervals in the same marble and schist package, and SP-26-009 cut the program’s longest logged run of galena and pyrite: 7.5 meters downhole. These are core-logging observations, and lab assays for all ten holes are pending.

From First Hole to Full Program in One Season

Drill-pad construction started in mid-June, and Silver Pony was already completing its second hole when its shares resumed trading on the CSE under the PONY symbol in late July 2026. Four holes, SP-26-001 to SP-26-004, tested that target before the rig moved to the Revelstoke Trend, ground that had never been drilled before this season.

Six holes followed at Revelstoke from two pads. SP-26-005 to SP-26-007 came first, from a pad at roughly 2,225 meters elevation, then SP-26-008 to SP-26-010 from a second pad on the valley floor. SP-26-008 was completed at 186.00 meters on August 23 and SP-26-009 at 211.00 meters on August 26. SP-26-010 reached 241.30 meters , the deepest hole drilled at the trend. With the program finished, the drill, crew, and camp have been demobilized.

The Revelstoke logging is consistent from hole to hole. All six intersected mineralized intervals within the same marble and schist package, from near surface in the first fan to the deepest hole at the trend. These are qualitative observations from core logging, which show that mineralization is present, not the grade it carries.

SP-26-009: 7.5 Meters of Galena and Pyrite

SP-26-009 produced the highlight interval of the program. Drilled at a dip of ‑70 degrees, it cut 7.5 meters of veined and locally brecciated marble from 156.5 to 164.0 meters downhole, carrying galena and pyrite locally concentrated along veins, with quartz-carbonate veining and replacement textures through the zone. Higher in the hole, from 78.2 to 80.1 meters , it logged a vein breccia in schist and marble with pyrite and possible subordinate sulphides, set within broad zones of disseminated pyrite in the surrounding graphitic marble and schist. All intervals are downhole lengths from the geological logs; true widths have not yet been determined.

The two holes drilled alongside it from the same pad add to the picture. SP-26-008, at ‑50 degrees, logged seven pyrite-bearing vein breccias in graphitic marble between 55.3 and 143.3 meters , each 0.2 to 1.1 meters downhole. SP-26-010, at ‑85 degrees, logged a strongly mineralized pyritic zone from 117.15 to 118.51 meters , with pyrite locally semi-massive along veins and fractures, and a mineralized breccia from 217.9 to 218.4 meters. Its long runs of marble and schist help constrain the geometry of the mineralized contacts, feeding directly into the structural model now being built.

All intervals are downhole lengths from the geological logs; true widths have not yet been determined. The table below lists every interval the Company logged in the final three holes.

Mineralized intervals logged in SP-26-008 to SP-26-010, per the Company’s October 1, 2026 release

All intervals are downhole lengths from the geological logs; true widths are not yet known. These are qualitative core observations, not assay results. Broader intervals of disseminated pyrite are described in the text. Intervals for the earlier Revelstoke holes were reported in the Company’s August 27, 2026 release.

The Silver Connection: Galena at Surface and in the Core

Galena, a lead sulphide, is central to the Revelstoke story. The Company’s August 27, 2026 surface sampling showed elevated silver values tracking with lead, including in samples containing coarse galena.

Those results included a grab sample of 442 g/t Ag with lead above 15%, and Northwest Trend grab samples running as high as 1,610 g/t Ag. They are selective samples and not necessarily representative of the property’s mineralization more broadly. Lead values above 15% exceed the laboratory’s upper limit, and over-limit analysis is pending.

The 1,610 g/t silver result at Revelstoke and the 103 g/t and 40 g/t gold results at Ophir-Lade were reported from selective surface grab sampling conducted during the Company’s 2026 exploration program. The 103 g/t gold result was obtained from sample F512010 collected at the Ophir-Lade historic workings at UTM NAD83 Zone 11N coordinates 476751 E, 5619849 N. The 40 g/t gold result was obtained from sample F512002 collected at UTM NAD83 Zone 11N coordinates 476585 E, 5619875 N. Sample F512002 consisted of a gossanous, milky-white quartz vein hosted in phyllite and containing abundant pyrite. Grab samples are selective in nature and do not necessarily represent the grade, width or continuity of mineralization across the property.

That surface relationship makes the galena logged in SP-26-009 the key interval in the pending assays. The Company is clear that galena in core does not, on its own, establish grade or silver content, and that visual observations may not match laboratory results. Those results are binary: they could confirm the geological interpretation, partially confirm it, or not confirm it at all.

Core from all ten holes has been logged and sampled, and shipments to Actlabs in Kamloops are in their final stage. Results will be reported once final certificates are received and reviewed; the Company has not given a date. As of the time of publication, no drill-core assays have been received, and no NI 43-101 (or equivalent) resource or reserve estimate exists on the Silver Pony Project.

Drill Hole and Sampling Details

Per NI 43-101 section 3.3(2), the Company’s October 1, 2026 release discloses the following for all ten holes. Coordinates are UTM NAD83 Zone 11N. Azimuths and dips are collar set-up orientations, downhole deviation was measured by single-shot survey in each hole, and all holes are NQ diameter.

Drill core is logged by a geoscientist and split in half with a core saw. One half is bagged, tagged, and sealed for shipment; the other is retained in a secure facility, with chain of custody maintained from the drill to the laboratory. Certified reference materials, blanks, and field duplicates are inserted at a combined rate of 5%. Core samples have been submitted to Actlabs, an independent ISO/IEC 17025-accredited laboratory in Kamloops, British Columbia, for gold by fire assay and silver and base metals by four-acid digestion.

The scientific and technical information in the October 1 release was reviewed and approved by Olga Ankindinova, Ph.D., P.Geo., CEO and Principal Geologist of SubSurface Intelligence Consulting Group, a geological consultant to the Company and a Qualified Person under NI 43-101. The release states that Dr. Ankindinova is independent of the Company within the meaning of NI 43-101. It also states that she verified the geological and drilling information through review of drill logs, collar and downhole survey records, sampling protocols and records, and QA/QC documentation, and verified the surface assay results referenced in the release through review of assay certificates, analytical results, and supporting documentation.

What Comes Next

Ten holes on two targets is a first look at a much larger land position: the Silver Pony Project spans 37 contiguous mineral tenures totalling 37,022.88 hectares. Three-dimensional structural modelling of the drilling and mapping data is already underway to guide the next phase of work.

VP of Exploration Chris Furey said that in its first season the team “went from surface showings to a completed first drill program.” He said mapping shows the Revelstoke Trend continuing along strike in both directions, with signs of it in the next valley over, and that the new information keeps adding targets. The Company’s map notes treat any projection of the trend beyond the mapped segment as interpretive, and mapping on its own does not establish mineralization or grade along that extension.

Ophir-Lade is also on the list. Furey said the Company plans to evaluate its vein system for drilling once the geometry is better understood; the release sets no timeline for that work.

Like any early-stage explorer, Silver Pony will need further capital to keep drilling, and an early-stage CSE listing carries the liquidity risk and potential dilution that come with that stage. The central question for the next phase is whether Revelstoke and Black Warrior are isolated occurrences or parts of a larger connected system, and the pending assays are the first real test of it.

Sources

• Silver Pony Intersects 7.5 metres of Galena-Pyrite Mineralization at Revelstoke; Assays Pending, Newsfile Corp. (Silver Pony Resources Corp. news release dated October 1, 2026)
• Silver Pony intersects galena-pyrite veining at the Revelstoke Trend, surface samples to 1,610 g/t Ag, Junior Mining Network (Silver Pony Resources Corp. news release dated August 27, 2026)
• Silver Pony announces final CSE approval, resumption of trading, and launch of 2026 drilling, Investing News Network
• Silver Pony Announces Communications Engagement and Debt Settlement, Newsfile Corp. (Silver Pony Resources Corp. news release dated September 15, 2026)