Category: Exploration and Development

Silver Storm Mining has commenced expansion of the sulphide flotation circuit at its La Parrilla Silver Mine Complex in Durango, Mexico, increasing capacity from 1,000 to 1,250 tpd with eight new flotation cells delivered (two installed, others in Q1 2026). This supports a potential restart in Q2 2026.

Capitan Silver hit 1,130.1 g/t AgEq over 1.5 m within 240.5 g/t AgEq over 25.9 m at its Cruz de Plata silver-gold project in Durango, Mexico, as part of 2025 drilling that continues to expand high-grade zones and new targets. Ongoing 2026 drilling seeks to further define the system.

EV Resources commenced its maiden diamond drilling at the Los Lirios antimony project in Oaxaca, Mexico, with a 1,500–2,000 m program targeting high-priority zones toward a maiden resource. Surface samples returned up to 29% Sb. The company is fully funded and refining assay methods for high-grade antimony.

Masivo Silver Corp. (TSXV: MASS) is mobilizing crews and heavy equipment at its Cerro Colorado silver-gold project in Sonora, Mexico, for Phase I drilling. With environmental approvals secured, activities include rehabilitating access routes, building drill pads, and preparing high-priority targets. CEO David Coburn calls it a potential “company-making” moment for transformational discovery.

Luca Mining (TSX-V: LUCA) reported first drill results in over 14 years from El Rey deposit at Campo Morado, Mexico: 28.6 m @ 5.35 g/t AuEq (incl. 2.8 m @ 12.55 g/t) and 21.0 m @ 6.13 g/t AuEq (incl. 2.2 m @ 25.38 g/t). High-grade zones near infrastructure suggest potential mine life extension.

Minaurum Silver Inc. (TSXV: MGG, OTCQX: MMRGF) announced an initial Inferred Mineral Resource Estimate at its 100%-owned Alamos Silver Project in Sonora, Mexico: 5.37 Mt grading 320 g/t AgEq (202 g/t Ag, plus Au, Cu, Pb, Zn), containing 55.2 Moz AgEq. Based on 104 drill holes across three vein zones; resource remains open with ongoing Phase II drilling. Effective January 8, 2026.

Regency Silver reports that a second drill hole at its Dios Padre project in Sonora, Mexico intersected broad zones of sulphide-specularite breccia, supporting its geological model. This follows earlier holes showing similar mineralized breccias, and further drilling is underway to delineate the extent of the system.

Mercado Minerals Ltd. (CSE: MERC) started geophysical surveys at Copalito Project, Sinaloa, Mexico: high-resolution drone magnetic survey (1,885 ha, 50m lines) to map veins/drill targets, followed by drone LiDAR survey (1,867 ha) for detailed topography. Magnetic survey underway; LiDAR begins early February.

Colibri Resource finished its Phase 1 reverse circulation drilling at the San Perfecto and Banco de Oro targets within the El Plomo (EP) Gold Project in Sonora, Mexico. Initial assay results from pre-holiday holes have been received, with follow-up “shoulder” sampling in progress and remaining samples being prepared for lab analysis.

Southern Silver Exploration reported drill results from the Puro Corazon claim at its Cerro Las Minitas project in Durango, Mexico, including 15.3 m @ 581 g/t AgEq and 22 m @ 426 g/t AgEq, extending high-grade mineralization to ~235 m depth. Results will feed into an updated Mineral Resource Estimate and revised PEA as assays continue.