Category: Exploration and Development

Mithril’s drilling at Target 3 in the Copalquin project confirmed high-grade, widespread silver and gold mineralization, extending known veins from historic workings. Results demonstrate strong continuity and depth potential, with higher grades encountered at depth, supporting significant expansion upside and reinforcing Copalquin as a large, district-scale epithermal system with multiple growth targets.

Heliostar reported strong drill results from the Ana Paula Expansion Zone, including 101 m grading 5.34 g/t gold, confirming thick, high-grade mineralization beyond the current mine plan. Results extend mineralization at depth and laterally, support potential resource growth, and highlight expansion upside near planned underground infrastructure. Additional assay results are pending.

Masivo Silver completed and extended its first drill hole at the Cerro Colorado project in Sonora, intersecting visible mineralization and confirming strong alteration and sulfide continuity. The results support the scale potential of the system as the company advances its Phase I drill program targeting multiple high-priority silver-gold zones.

Tocvan Ventures has added a second drill rig at its Gran Pilar gold-silver project in Sonora, accelerating its fully funded 20,000-meter drill program. Multiple high-priority targets, particularly in the South Block, will now be tested in parallel following a recent discovery. The expanded program aims to rapidly grow the mineralized footprint and support a future resource estimate.

Advance Metals announced a maiden JORC (2012) mineral resource of 33Moz silver equivalent at its Yoquivo project in Chihuahua, confirming a large-scale silver-gold system. The resource totals 8.8Mt at 120 g/t AgEq, including 23Moz silver and 140koz gold, with broad, shallow mineralization supporting potential bulk mining and further expansion through ongoing drilling.

Pacifica Silver reported new high-grade silver-gold results from surface sampling at its Claudia Project in Durango, identifying multiple drill targets including the Pinolera zone and Contraria vein swarm. The company is advancing a 20,000 m drill program to expand mineralization and has granted 1.4 million stock options to align management with project development.

Mercado Minerals identified multiple new exploration targets at its Copalito project in Mexico following LiDAR and airborne magnetic surveys. The work outlined prospective pits, shafts, veins, and structural features tied to magnetic anomalies, significantly expanding the project’s exploration potential and guiding follow-up fieldwork and drilling.

Algo Grande completed a 4-hole (1,998 m) Phase I drill program at its Cerro Grande skarn target in Sonora, confirming high-grade Cu-Ag-Au mineralization with results up to 3.9% CuEq. Drilling indicates a larger, vertically extensive, multi-horizon system with expansion potential. Findings support a possible underlying porphyry source, and Phase II drilling is planned.

Capitan Silver reported high-grade drill results from its Cruz de Plata project in Durango, highlighted by 1,450.5 g/t AgEq over 1.5 m within a broader 41.1 m interval grading 211 g/t AgEq. Results confirm strong continuity and expansion of mineralization at depth, with potential for larger zones. Ongoing drilling and new discoveries support significant exploration upside.

Questcorp Mining and Riverside Resources have commenced a Phase 2 exploration program at the La Union Project in Sonora, following encouraging Phase 1 results. The program will focus on follow-up drilling, geophysics, mapping, and geochemistry to expand newly identified gold systems (including CRD and sediment-hosted styles) and advance multiple targets toward potential discovery.