“Infill drilling through the Main Zone is identifying precisely where we can source moderate to high-grade ore during pilot and full-scale mining.” commented, CEO Brodie Sutherland.
Dieppe, New Brunswick–(Newsfile Corp. – March 19, 2025) – Colibri Resource Corporation (TSXV: CBI) (“Colibri” or the “Company”) is pleased to share the assay results
Questcorp Mining Inc. closed an oversubscribed non-brokered private placement on March 19, 2025, raising C$2.75M by issuing 45.83M units at C$0.06 each (1 share + 1 warrant exercisable at C$0.10 until March 19, 2027). Proceeds fund La Union project, North Island exploration, payables, and working capital. Finder’s fees: C$181K cash + 3.02M warrants.
McEwen Mining reported 2024 revenues up with production within guidance, gross profit rising year-over-year, but a net loss of $43.7 M due mainly to McEwen Copper expenses. The company strengthened liquidity with $110 M in convertible notes, plans growth at Fox Complex and Los Azules, and forecasts higher consolidated production by 2030.
“2024 marked a pivotal year for Orla, with record production from Camino Rojo and the addition of the Musselwhite Mine expanding our footprint into Canada. While detailed guidance will be provided in the second quarter, we expect that adding Musselwhite production will more than double 2024 production. We intend to continue to invest in growth and exploration across the entire portfolio.”
Pinnacle Silver and Gold Corp. (TSXV: PINN) announced on March 18, 2025, high-grade sampling up to 12.2 g/t gold equivalent at El Potrero project (Durango, Mexico). Fieldwork started: underground sampling and plant cleaning. Historic: 45,561 t @ 8.0 g/t Au, 186 g/t Ag. No modern drilling; strong exploration upside.
Goldgroup Mining Inc. closed the first tranche of a CAD $7.75M non-brokered private placement on March 17, 2025, raising ~$7M via 23.33M units at $0.30 each (one share + ½ warrant at $0.45 until 2027). Eric Sprott invested $6.75M for 22.5M units. Proceeds for mine improvements, PEA update, debt, working capital; subject to TSXV approval.
Fuerte Metals reported diamond drill results at its Cristina Project in Chihuahua, Mexico, including 6.4 g/t AuEq over 1.9 m and 6.2 g/t AuEq over 2.6 m, within broader mineralized zones, helping define high-grade continuity in the Guadalupe and Mexico Libre vein systems and guiding future resource expansion.
Ernesto Balarezo, CEO of Sierra Metals, commented, “I am very pleased to report that the investments we have made in our business units have resulted in record production levels for Sierra Metals. The operational enhancements have strengthened our financial position and will enable the Company to pursue sustainable growth safely and responsibly.”
Mithril Silver and Gold reports high-grade intercepts at Target 1 (La Soledad), Copalquin, Mexico, including 3.35m @ 26.5 g/t Au, 1,046 g/t Ag (MTH-LS25-16) and 3.62m @ 9.62 g/t Au, 55.2 g/t Ag (MTH-LS25-13). Results exceed prior MRE grades; drilling continues for resource update, with 35,000m planned in 2025.
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