Capitan Silver Corp. announced the arrival of a second drill rig at its Cruz de Plata silver-gold project in Durango, Mexico. It will test a newly discovered high-grade silver zone near the Peñoles fault (e.g., 2,636 g/t Ag over 1.5m in prior holes). A 60,000m drill program is planned for 2026.
Centenario Gold closed the first tranche of its previously announced non-brokered private placement, raising C$1.19 million through the issuance of 11.9 million units at C$0.10 each. Proceeds will fund exploration at the recently acquired Los Reyes copper-gold project in Chihuahua, working capital, and future resource project acquisitions.
Southern Silver reported high-grade intercepts at its Cerro Las Minitas project in Durango, Mexico, including 5.8m averaging 781g/t AgEq (173g/t Ag, 1.5% Cu, 1.8% Pb, 17.3% Zn) in hole 25CLM-210. Additional strong results extend mineralization over 360m depth.
Advance Metals (ASX:AVM) announced historic core sampling at its Yoquivo silver-gold project in Chihuahua, Mexico, revealing resource upside. ~5,000m sampled, 3,516m assayed, with 519m >4g/t AgEq. Highlights: 0.9m at 766g/t AgEq (426g/t Ag, 4.4g/t Au); broad zones like 144m at 93g/t AgEq, suggesting bulk tonnage open-pit potential alongside high-grade underground, supporting upcoming JORC resource upgrade.
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.
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