Category: Exploration and Development

Luca Mining Corp. has approved a two-phase study to optimize and expand the Campo Morado mill, aiming to boost gold and silver production by improving recovery methods and grinding capacity. The study will update the life-of-mine plan and evaluate precious metals recovery, with a NI 43-101 technical report expected in H2 2026.

Canasil Resources has applied for a drill permit for its Vizcaino gold-silver project in Durango State, Mexico. The fully funded program aims to start in Q2 2026 with a 1,050 m Phase 1 drill test (6 holes) and a planned Phase 2 (1,450 m, 8 holes) to follow. The permit will allow step-outs for further drilling on the 3 km epithermal vein system.

Pacifica Silver reported more assays from Phase I drilling at its 100%-owned Claudia Silver-Gold Project in Durango, Mexico, with several narrow, high-grade silver-gold intercepts in the Aguilareña area, including up to ~1,180 g/t Ag and 5.41 g/t Au over 0.55 m, and additional significant hits in multiple holes. These results extend known mineralized veins and support ongoing Phase II exploration.

EV Resources announced production of its first antimony ingots from material at the Los Lirios Project in Oaxaca, Mexico, validating a simple, low-cost smelting pathway. The milestone supports its strategy to become a near-term North American antimony producer, with drilling, metallurgical testing, and plant refurbishment advancing

Kingsmen Resources plans step-out and deeper drilling at its Las Coloradas high-grade silver project and initial diamond drilling at the Almoloya gold-silver project in Chihuahua, Mexico, after closing a bought-deal financing that fully funds its 2026 exploration programs. Multiple large, largely untested targets remain at both properties, highlighting strong discovery potential.

Luca Mining Corp. reported underground drilling at its Campo Morado Mine (Largo Norte Zone) that hit 135.7 m of 1.58 g/t gold, 77.1 g/t silver, 0.88% copper and 1.61% zinc, extending known mineralization and prompting follow-up drilling to expand the zone. Additional underground holes also intersected encouraging polymetallic intervals.

Sierra Madre Gold and Silver is advancing a two-stage expansion at its La Guitarra silver-gold mine. The first phase will boost processing from 500 tpd to ~750–800 tpd, with equipment upgrades and purchases underway. A second phase aims for 1,200–1,500 tpd by Q3 2027. Work includes plant upgrades, tailings handling, crushers, mills, and expanded mining fleet.

Mithril Silver and Gold announced exploration updates at its Copalquin silver-gold project in Durango, Mexico. Maiden drilling at Target 5 confirmed a large 9.6 km² silver-rich zone with high-grade intercepts. Phase IV drilling advances at Target 1 to extend resources, while drilling starts at Target 3. Up to 25,000m drilling planned for 2026.

Tocvan Ventures Corp. announced the restart of exploration drilling at the South Block of its Gran Pilar Gold-Silver Project in Sonora, Mexico. Targeting new high-priority zones from drone magnetics and geochemistry (up to 21.2 g/t Au, >2,000 g/t Ag). Up to 10,000m RC drilling planned; two holes completed. Follows strong 2025 intercepts like 19.4 g/t Au over 3.1m. Pilot Mine condemnation drilling finished.

Minaurum Silver Inc. reported high-grade silver intercepts at its Alamos Project in Sonora, Mexico: 12.35 m of 408 g/t AgEq (including 3.20 m of 1,277 g/t AgEq) in the Europa Vein Zone, a 250 m step-out from the inferred resource. Mineralization remains open; Phase 2 drilling aims to expand resources.