Masivo Silver Corp. has started its Phase I diamond drilling at the Cerro Colorado Project in Sonora, Mexico, with about 8 holes totaling ~1,500–2,000 m to test high-priority silver-copper targets defined by geological work and historical data. This first drill phase aims to validate geological models and explore mineral continuity at depth.
Silverco Mining reported the final 2025 drill results from its 15,000 m program at the Cusi Property in Chihuahua, Mexico, showing high-grade silver-equivalent intercepts (e.g., 370 g/t over 13.6 m, 803 g/t over 3.7 m, 255 g/t over 6.8 m). Results extend mineralization at San Miguel and San Juan and highlight further district potential. No production decision has been made yet.
Questcorp Mining closed the first tranche of its upsized non-brokered private placement, issuing 13,100,000 units at $0.20 each for gross proceeds of about $2.62 million. Each unit includes a share and a half warrant exercisable at $0.30 until February 24, 2029. Proceeds are earmarked for exploration at the La Union and North Island Copper projects and general working capital.
Silver Storm Mining Ltd. says its rehabilitation of the La Parrilla Silver Mine Complex processing plant in Durango, Mexico is ~50 % complete, advancing crushing, flotation, oxide and milling circuits. The progress is a key step toward a potential restart of operations in Q2 2026, including expanded sulphide processing capacity.
Capitan Silver reported very high-grade drill results at its Cruz de Plata project in Durango, Mexico, including an intersection of 2,451 g/t silver-equivalent over 1.5 m within a broader zone of 684 g/t AgEq over 9.1 m, highlighting expanding high-grade silver mineralization and ongoing diamond drilling to test and extend targets along the Jesús María trend.
Defiance Silver has secured an updated drill permit from Mexico’s environmental authority (SEMARNAT) for its Victoria Copper Project in Sonora, allowing exploration drilling for up to 36 months with permission for up to 89 drill pads and access roads. This approval lets the company advance drilling on what it sees as a large copper-molybdenum target at Victoria.
Mammoth Resources has pinpointed several high-grade “draw point” locations at its 100%-owned Tenoriba gold-silver project in Chihuahua, Mexico for small-scale extraction and pilot heap leach testing. Using surface and drill data, geologists identified targets with attractive near-surface grades. Next steps include field checking and metallurgical tests to assess recoveries and potential tonnage.
EV Resources has pre-paid for its first Falcon concentrator for the Tecomatlán processing plant in Puebla, Mexico, a key step toward refurbishing the facility for antimony production. The equipment forms the core of the plant’s gravity circuit, which—alongside metallurgical testwork and processing of regional artisanal ore—is aimed at accelerating commissioning in the second half of 2026 and supporting near-term cash flow.
Questcorp Mining closed the first tranche of its upsized non-brokered private placement, issuing 11,100,000 units at $0.20 each for gross proceeds of $2.22 million. Each unit includes one common share and half a warrant exercisable at $0.30 (from 60 days post-close until Feb 24, 2029). Funds will support exploration at the La Union Gold and Silver and North Island Copper projects and general working capital.
Kootenay Silver Inc. has begun an ~8-week 3D induced polarization (3D-IP) and Audio-Magnetotelluric (AMT) geophysical survey over 1,250 ha at its Columba Silver Project in Chihuahua, Mexico, aiming to image subsurface structures and refine drill targets beyond its existing 54.1 Moz inferred silver resource with lead and zinc credits.
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