Category: Exploration and Development

GR Silver Mining Ltd. kicked off a 20,000-metre step-out drilling campaign at its San Marcial project in Sinaloa, Mexico, aimed at expanding the 2026 resource base and upgrading the silver-lead-zinc resource. Early holes are underway to test extensions of known mineralization, supporting future resource updates and growth drilling objectives.

Defiance Silver Corp. reported high-grade silver drill results from its San Acacio area at the Zacatecas Project in Mexico, with standout intercepts like 3.55 m @ 355 g/t Ag and 3.07 m @ 579 g/t Ag (including 0.55 m @ 2120 g/t Ag), within 2,553 m of drilling so far in a planned 10,000 m program that shows lateral and vertical continuity of mineralization.

Mercado Minerals Ltd. reported new vein discoveries at its Copalito Project in Mexico, with three newly identified vein areas and ongoing mapping, soil sampling, and drone magnetic/LiDAR surveys. Preparations continue for its first 3,000 m diamond drill program, and samples from the new veins are being sent for assay.

Silver Wolf has mobilized a diamond drill rig to begin a fully funded 3,000-metre, 13-hole drill program at its Ana Maria property in Durango, Mexico. The campaign uses AI-driven target mapping to refine drilling, will be done in two phases, and comes with new stock-option grants and a short digital marketing agreement.

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.