Advance Metals Limited announced strong initial results from its maiden diamond drilling at the Yoquivo Silver-Gold Project in Mexico. The first hole, YQ-25-001, intersected high-grade zones, including 4.42m at 446g/t AgEq and a 40.57m zone at 105g/t AgEq, not in the current Foreign Estimate. Drilling continues, with assays pending for three more holes.
Colibri Resource Corporation (TSXV: CBI) received TSXV approval for a 5:1 share consolidation, effective June 13, 2025. The consolidation reduces 115,417,625 outstanding shares to approximately 23,083,525, with no fractional shares issued. No name or symbol change occurs. Convertible securities will adjust proportionally. Registered shareholders will receive instructions to exchange certificates; DRS/book or brokerage holders need no action.
Capitan Silver Corp. (TSXV: CAPT) completed the purchase of the Altiplano 2% NSR at its Cruz de Plata Project for $1M USD, eliminating the royalty and its Area of Interest clause. Remaining royalties include a 1% Peñoles royalty, retireable for $1M USD within 10 years, and a 1% Riverside Resources royalty, retireable for C$250,000. This enhances shareholder value.
Questcorp Mining Inc. has formed an Advisory Board and appointed Paul Larkin, a seasoned mining executive with over 42 years of experience, as its inaugural advisor. Larkin’s expertise in corporate finance and governance is expected to enhance shareholder value as Questcorp advances its copper and gold exploration projects in Canada and Mexico. He received 200,000 stock options at $0.205 each.
MAG Silver Corp. recommends shareholders vote for the proposed acquisition by Pan American Silver Corp., offering $2.1 billion or $20.54 per share, a 21-27% premium. The deal includes $500 million cash and Pan American shares, providing diversified exposure, growth opportunities, and financial strength. The Special Meeting is on July 10, 2025; materials are available on SEDAR+.
IMPACT Silver Corp. announced new drill results from the Kena Vein South zone at its Guadalupe silver mine in Mexico. Drilling from Level 140 extended the zone northward, discovering nearby high-grade parallel and splay veins. The zone spans over 300m and remains open. New underground access is complete, with initial mining started and further drilling planned.
Ranchero Gold Corp. (TSX.V:RNCH) has appointed Andrew Wilson as an independent director and chair of the Audit Committee. Wilson, founder of Stellium, brings extensive experience in capital markets and natural resources. Martyn Buttenshaw has resigned as an officer and employee but remains a director. Ranchero continues to focus on early-stage gold exploration, particularly at the Sandspit project in British Columbia.
Capitan Silver Corp. signed a Letter of Intent to acquire seven mineral concessions (2,171.4 hectares) adjacent to its Cruz de Plata project in Durango, Mexico, from Minera Fresnillo for US$4M. This expands Capitan’s land by 85%, extends the silver-gold trend by 1.2 km, and enhances exploration and development potential. Closing is expected within 90 days, pending due diligence.
Santacruz Silver Mining Ltd. reported Q1 2025 production of 3,688,129 silver equivalent ounces, including 1,590,063 silver ounces, 20,719 tonnes zinc, 2,718 tonnes lead, and 279 tonnes copper from its Bolivian and Mexican mines. Despite seasonal slowdowns in Bolivia, strong Mexican operations and strategic silver focus drove results, with 10,135 meters of underground development completed.
Kingsmen Resources Ltd. (TSXV: KNG) is advancing its Las Coloradas silver project in Chihuahua, Mexico’s Parral mining district. The historic mine, with high-grade silver veins, is undergoing a 14-hole drilling program following a $1.135 million raise. Targeting untapped depth potential along a 1.7 km corridor, Kingsmen aims to establish itself as a key explorer in this prolific region.
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