J2 Metals closed the first tranche of its private placement, issuing 8.62 million subscription receipts at $0.25 for gross proceeds of $2.16 million. Approximately $1.64 million remained available under the $3.8-million offering. Initial geochemical sampling was underway at the Sierra Plata silver-gold-antimony project in Mexico.
Mammoth Resources Corp. announced 87% gold and 67% silver recoveries from bottle roll tests on coarser (-10 mesh) oxidized material from the Carneritos area at its Tenoriba gold-silver property in Chihuahua, Mexico. Results align with prior finer fraction tests (75-90% Au, ~65% Ag), supporting strong heap leach potential for near-surface mineralization.
Canasil Resources received a $400,000 first anniversary option payment from AuRORA Minerals (Freeport-McMoRan & Amarc JV) for the Brenda gold-copper-silver property in BC, Canada. This extends the option for a second year and increases the exercise price to $9M.
GR Silver Mining reported strong metallurgical results from Plomosas bulk sampling: feed ~585–595 g/t AgEq. Rougher flotation recovered 71.5% Ag and 77.9% Au into lead concentrate; cleaner tests improved Au recovery. Concentrates meet commercial specs. Supports pilot plant and offtake plans.
Orex Minerals Inc. provided an update on the sale of its 45% interest in the Coneto silver-gold project in Durango, Mexico, to Fresnillo plc (which holds the remaining 55%). The transaction is progressing, with due diligence ongoing and closing expected in Q1 2026, subject to regulatory approvals.
Avino Silver & Gold Mines appointed Linda Broughton as non-executive director effective February 4, 2026. She has 35+ years in mining, with expertise in environmental geochemistry, water management, risk, and reclamation. Former VP Technical Services at Alexco (2014-2023); prior roles at BHP, Antamina, SRK.
Guanajuato Silver Company reports 630% growth in Inferred Mineral Resources at Valenciana Mines Complex to 20.3 million AgEq oz (2.27 Mt @ 142.2 g/t Ag, 1.55 g/t Au; 10.4 Moz Ag, 113 Koz Au), with a 927% increase in tonnes. Indicated Resources rose 18%. Significant expansion potential highlighted.
Algo Grande Copper Corp. discovered three new skarn horizons at the Adelita Project (Cerro Grande), Sonora, Mexico. Drill hole AG_GC_002 intersected 36.00m >1.0% Cu, including 14.79m @ 1.4% Cu (plus Au/Ag). Cumulative 41.59m mineralization reported. Evidence of deeper porphyry potential via intrusive phases and high molybdenum.
Fortune Bay Corp. (TSXV: FOR) announced marketing agreements: retained Machai Capital Inc. for 3-month digital marketing services (SEO, SEM, social media, etc.) for $400,000 cash plus 175,000 stock options ($0.90 exercise, 25% quarterly vesting, 1-year expiry). Previously engaged Epstein Research for US$6,000 (3 months). Both subject to TSX-V approval.
Heliostar Metals Ltd. announced the first gold pour from its restarted 100% owned San Agustin mine in Durango, Mexico, in late January 2026, completed on time and on budget after resuming operations in Q4 2025. The mine targets 30,000-32,700 oz gold in 2026 at ~$2,000 AISC, boosting output >60% yoy. A 10,000-15,000m drill program aims to extend mine life, with results expected mid-late Q1 2026.
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