Month: June 2026

Oroco Increases South Zone Certainty at Santo Tomás

Oroco reported additional Phase 2 drill results from the South Zone at its Santo Tomás copper project, with drilling confirming and locally improving upon the 2024 resource model. Highlights included 90 m grading 0.53% CuEq, 48.6 m grading 0.67% CuEq, and several near-surface mineralized intervals that may reduce stripping requirements. The program is aimed at increasing resource confidence ahead of an updated resource estimate and Pre-Feasibility Study.

Goldgroup Commences 24,000 M Diamond Drilling Program at San Francisco Gold Project

Goldgroup has commenced a fully funded 24,000-metre diamond drilling program at its 100%-owned San Francisco Gold Project in Sonora. The US$8 million program aims to update the resource model, optimize mine planning, collect structural data, and support the restart of gold production targeted for late 2026 or early 2027. Drilling is expected to be completed in Q3 2026.

Southern Silver Initiates Infill Drilling on the Puro Corazon Target, Cerro Las Minitas Project, Durango Mexico

Southern Silver has begun an infill drilling program at the Puro Corazón target within its Cerro Las Minitas project in Durango. The program aims to expand and upgrade resources, integrate the recently acquired Puro Corazón claim into the larger project, and support an updated mineral resource estimate and PEA. The work is expected to enhance project economics, mine planning, and development potential.

Silver Storm Receives La Parrilla Surface Drilling Permits

Silver Storm received SEMARNAT permits for 62 drill pads and 27 access roads at its La Parrilla Silver Mine Complex in Durango, valid for four years. The permits support surface drilling at the La Ilusión-Argenis, 14 Marcos, and Rosarios–C340 targets. SEMARNAT also extended the tailings storage facility permit for 10 years, supporting ongoing operations and resource expansion efforts.

Heliostar Set to Expand La Colorada with Strong Drill Results and Key Permits

Heliostar reported strong drill results at the Veta Madre zone of its La Colorada mine, extending high-grade gold mineralization beyond the current reserve pit. The company has received all key permits for the pit expansion, plans to begin waste stripping in Q3 2026, and is evaluating a larger pit that could add approximately 20,000 ounces of gold production.

Torex Gold Announces Results of Its 2026 Meeting of Shareholders

Torex Gold shareholders approved all resolutions at the 2026 Annual Meeting, marking the leadership transition from retiring CEO Jody Kuzenko to new President and CEO Andrew Snowden. Shareholders also re-elected the board, reappointed KPMG as auditor, approved executive compensation, and overwhelmingly supported a future corporate name change to “Torex Resources Inc.” subject to regulatory approval.

Guanajuato Silver Takes Advantage of Favourable Pricing to Further Accelerate Gold Loan Repayment

Guanajuato Silver repaid an additional 1,580.4 ounces of gold to Ocean Partners, taking advantage of lower gold prices and an early repayment discount. The payment covers one year of scheduled loan obligations, leaving the company debt-free on this facility until May 2027. Management cited strong cash flow, improving mine economics, and rising precious metal prices as enabling further balance-sheet strengthening.

Riverside Resources Appoints Marco Strub as New Director and Announces Results Annual General Shareholders Meeting

Riverside Resources appointed Marco Strub as an Independent Director, adding extensive capital markets, investment, and governance experience to the board. At the company’s Annual General Meeting, shareholders approved all resolutions, including the election of five directors, reappointment of auditors, and renewal of the stock option plan, reflecting strong shareholder support for management.

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