Pinnacle Silver and Gold reports strong progress at its El Potrero gold-silver project in Durango, Mexico after acquiring up to 100 % of the property. In 2025 it established a large, high-grade epithermal system, completed extensive sampling and geological work, advanced metallurgy and permitting, and now plans underground and surface drilling in 2026 to advance toward production.
Pinnacle Silver and Gold Corp. reported strong progress at its El Potrero gold-silver project in Durango, Mexico, defining a large low-sulphidation epithermal system over ~1.6 km. Extensive mapping and sampling returned high-grade results, supporting planned underground drilling, metallurgy, and permitting as the project advances toward the next exploration stage.
Heliostar Metals provides 2026 guidance: 50,000-55,000 oz gold production from La Colorada (20,000-22,300 oz) and San Agustin (30,000-32,700 oz), with cash costs $1,850-$1,950/oz and AISC $2,025-$2,125/oz. Growth plans include Veta Madre pre-stripping, Ana Paula Feasibility Study advancement with decline extension, and $27M exploration funded by operations, targeting future production increases.
Canasil Resources plans a $500,000 private placement by issuing 10 million common shares at $0.05 each, with no warrants included. Insiders and existing shareholders may participate, and finders’ fees could be paid. Proceeds will support operations and exploration for silver-gold-copper projects in British Columbia and Mexico. The company expects to close before January 23, 2026.
Canasil Resources Inc. (TSXV:CLZ.H) announces 2026 plans to advance its gold-silver-copper portfolio amid high metal prices: pursue TSX-V Tier 2 reinstatement (Q1); await Amarc’s Brenda (BC) option extension by Feb 4 ($400K payment); advance Lil silver project (BC, Q3-Q4); drill 2,450m at Vizcaino gold-silver (Durango, Mexico, Q2); seek permits and plan drilling for La Esperanza silver-gold-base metals and Salamandra silver-copper-zinc (Mexico, Q1). Actively seeks financing.
Bear Creek Mining congratulated Chair Catherine McLeod-Seltzer on her induction into the Canadian Mining Hall of Fame. Recognized for raising over $750 million in capital and building successful companies—including the $1.1 billion sale of Arequipa Resources to Barrick—she has also served in leadership roles at Teck Resources and Kinross Gold.
Chesapeake Gold Corp. (TSXV: CKG) upsizes its bought deal public offering to $15 million (3,571,500 units at $4.20 each). Each unit includes one share and one-half warrant (exercisable at $5.65 for 36 months). Adds non-brokered private placement up to $2.877M with Eric Sprott participation. Proceeds advance oxidative leach technology, Metates and Lucy projects, and working capital. Closing expected ~January 27, 2026.
Canasil Resources Inc. (TSXV: CLZ.H) reviews a positive 2025: revoked CTO, resumed TSX-V trading (September 25, 2025), executed 5-year option agreement with Amarc for Brenda gold-copper project (Amarc earning 100%, Canasil retains 2% NSR), and completed surveys on Lil silver project. Amarc advanced JOY District with Freeport. Looks forward to advancing gold-silver-copper portfolio in BC and Mexico in 2026; separate news release on programs to follow.
Luca Mining Corp. reported strong drill results at Campo Morado, including 55.8 m of 5.90 g/t AuEq (with 7.7 m of 10.09 g/t) in hole CMRF25-15, confirming wider, higher-grade gold-rich mineralization near infrastructure. The company has expanded the program, adding a second rig and 10,000 m of drilling to test high-priority targets.
Pacifica Silver Corp. launched a 12,000m Phase II diamond drill program at its Claudia Silver-Gold Project in Durango, Mexico, starting January 15 with three rigs. Following the completed 7,992m Phase I, it will expand high-grade zones and test new southern targets, backed by ongoing exploration including mapping, LiDAR, and IP surveys.
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