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Lab Report | July 28 Deep Dive on Pacifica Silver

CEO.CA Jul 28, 2026 14:51

Summary

Gold, not silver, drives the headline grade at Pacifica Silver's new Aguilarina shoot on its 100%-owned Claudia project in Durango.

The host reads silver-equivalent assays to find which metal actually carries each hole, and gold carries the top intercept here.

Epithermal veins can sit below surface, so angled holes can intersect new blind veins that never reached outcrop.

He places Pacifica midway into a sweet spot on his Lassonde curve, the framework he uses to track a mine's value.

Shares rose 6% while gold and silver fell, which he reads as company-specific news rather than a sector move.

Allan Barry Laboucan's takeaways

  • Top takeaway Laboucan's own market stance is bullish and framework-based, not disclosure-based: on the Lassonde curve 2.0 he revised after writing a white paper on the changes, he places Pacifica about midway into a mid-curve sweet spot, "This is where I try to pick a lot of companies", with a chance to go up the left side of the curve. He calls it "a wide-open exploration story", says the shares have been "going sideways for a few months", and thinks "they're ready for a breakout".
  • His central claim is that the July 28 reaction was company-specific rather than a metals move: with gold and silver down, the shares rose 6%, and he says the release sentence about the historical Aguilarina shaft, which "housed the highest gold and silver grades over Some of the widest intervals drilled on the property today", is the one that "speaks volumes".
  • His method is to distrust a silver-equivalent headline and compute the metal split himself. On the first hole: "I kind of question companies that that's really a gold hit. It's not a silver hit. There's only 65 grams." He applies the same test in reverse where silver dominates, calling that case "almost a kilogram per ton of gold, a silver equivalent".
  • His geological argument for why a new shoot matters is blind epithermal veins — "These are called blind veins, and they can be spectacular" — illustrated with MagSilver and Onosipio as a real-world example of a deposit built that way. That is a comparison, not a description of Pacifica's assets, and he never says who owns them. He reads the narrower structures in the hanging wall and foot wall as "They may represent bifurcations, parallel structures, or new veins that may potentially intersect" the Aguilarina vein.
  • He is explicit about his position and his limits: "I'm quite a fan of this project and this company", and he has been for several months, yet he cannot confirm the claim boundary from the company's own map, saying "I'm not quite sure how much of those claims that they own". He also contradicts himself on the day itself, after seeing the stock quoted as "up 6%" and then "flat on the day".