Category: Exploration and Development

Mithril Silver and Gold reported high-grade gold and silver drill results at Target 1 within its Copalquin district-scale project in Durango, Mexico, including significant intercepts up to ~21.9 g/t Au and 357 g/t Ag. Drilling has expanded mineralization laterally and at depth, supporting an upcoming resource update and further exploration across the district.

Pinnacle Silver and Gold Corp. reported strong gold-silver surface and underground samples from the La Estrella vein at its El Potrero project in Durango, Mexico. Assays included values up to 17.7 g/t Au and 24 g/t Ag, and trenching traced the vein ~150 m along strike, expanding the known footprint of the gold-silver system for future drilling.

Kootenay Silver Inc. (TSXV: KTN) commissioned a Preliminary Economic Assessment (PEA) on its La Cigarra silver deposit in Chihuahua, Mexico, targeting completion in Q2 2026. Meanwhile, aggressive 50,000m drilling at Columba aims to expand its 54 Moz Ag resource toward 100 Moz Ag, positioning the company for developer status by year-end amid rising silver prices.

Vizsla Silver Corp. highlighted strong 2025 progress at its Panuco silver-gold project in Sinaloa, Mexico and outlined plans for a transformative 2026, including engineering, ~60,000 m of drilling, geophysics and optimization toward a construction decision once permits are secured. The company also earned a Socially Responsible Company distinction for the fourth straight year.

Capitan Silver Corp. (TSXV: CAPT) has launched a 60,000-metre multi-rig drilling program for 2026 at its Cruz de Plata silver-gold project in Durango, Mexico—a 400% increase from 2025. Funded by recent C$29M financings, it targets high-priority zones to advance toward a maiden resource.

EV Resources Ltd (ASX: EVR) has mobilised a fully funded 1,500–2,000m diamond drill program at Los Lirios Antimony Project, Oaxaca, Mexico. Drilling starts late January 2026, targeting high-grade antimony along the 9km Lirios Fault Zone at shallow depths (70–100m) to support a maiden JORC resource in Q3 2026 and future production. Rock chip assays delayed; Tecomatlán plant refurbishment ongoing.

Kingsmen Resources Ltd reported drilling results from its Las Coloradas project in the Parral district confirming continuity of silver-rich mineralization down-dip and along strike. Key intercepts included 15.7 m @ 74 g/t AgEq (with higher-grade sub-intervals up to 1,379 g/t AgEq) and deeper zones showing increasing width and grade, highlighting untested high-grade potential.

Guanajuato Silver closed its acquisition of the Bolanitos gold-silver mine from Endeavour Silver on January 15, 2026, for up to US$50M (US$40M upfront + US$10M contingent). The mine, adjacent to GSilver’s San Ignacio, includes a 1,600 tpd plant and marks GSilver’s fifth producing asset in Mexico.

Regency Silver Corp. (TSXV: RSMX, OTCQB: RSMXF) has commenced its 2026 drill program at the Dios Padre project in Sonora, Mexico. It targets broad sulphide-specularite bearing breccia zones as follow-up to hole REG-25-26 (~240m non-continuous mineralized interval, assays pending). Initial focus: minimum 4 holes (500-650m each) near REG-25-26, including REG-25-27 (50m above strongest zone), to test dip, strike, and expand the high-grade gold-copper-silver discovery.

Colibri Resource Corporation (TSXV: CBI) resumed RC drilling at its EP Gold Project in Sonora, Mexico, completing 11 holes (906m) at San Perfecto and Banco de Oro targets. Assays expected early February 2026; additional 6-10 holes planned for priority targets in this prospective region.