Luca Mining Corp. announced results from nine underground drill holes at its Tahuehueto gold-silver mine in Mexico, part of a 5,000m exploration program. Two new high-grade breccia ore shoots were discovered in the El Creston vein system, with intercepts including 9.4m at 5.21 g/t AuEq and 4.8m at 5.62 g/t AuEq. A Phase 2 drilling program and surface drilling at the Santiago deposit have begun.
Kingsmen Resources Ltd. has completed drill pad construction for a 14-hole diamond drilling program at its 100% owned Las Coloradas silver project in Chihuahua, Mexico. Targeting the Soledad and Soledad II vein systems, the program follows high-grade silver and anomalous gold findings. Drilling is set to start post-holiday and continue through July, aiming to unlock the project’s value in the Parral mining district.
Kootenay Silver Inc. announced high-grade drill results from its Columba Silver Project, with D-Vein assays reaching 7,630 gpt silver and 30.57% lead-zinc, the deepest and highest values recorded. Hole CDH-25-199 intercepted 620 gpt silver over 16.5 meters. The company is compiling data for a maiden resource estimate, with drilling now exceeding 20,000 meters.
Torex Gold Resources Inc. achieved commercial production at its Media Luna mine on April 26, 2025, completing the Media Luna Project within budget and ahead of schedule. Construction is 98% complete, with the mine set to reach 7,500 tonnes per day by mid-2026. Funded mainly by ELG cash flow, Torex anticipates positive free cash flow in mid-2025.
Mithril Silver and Gold Limited reported significant drilling results at the Copalquin District, Mexico, with high-grade gold and silver intercepts at Target 1, extending the drilling cutoff to May 2025. A second drill rig began at Target 2, aiming for 35,000m in 2025. Channel samples showed strong results, and the technical team was strengthened. Cash balance was A$14.2M.
Sierra Madre Gold and Silver Ltd. has begun underground mining at the Coloso mine, part of the Guitarra Complex in Mexico, 7 months ahead of schedule. Previously mined by First Majestic Silver, Coloso has higher-grade silver and gold resources than Guitarra. Mining started at 50 tonnes per day, aiming for 150 by year-end, with optimized blending for maximum economic benefit.
Tocvan Ventures Corp. continues RC drilling at Gran Pilar, Sonora, completing 712 meters across five holes, with three at the lab. A webinar on May 2, 2025, will detail expansion and pilot mine plans. The company also amended 6.6M warrants, extending expiry to 2026 and reducing some exercise prices, pending CSE approval. Marketing engagements were announced.
Masivo Silver Corp. completed an eight-hole, 1,300-meter drill program design at its Cerro Colorado property in Sonora, Mexico. Led by geologists Jorge Rafael Gallardo, Brian Brewer, and Mark Bailey, the program targets high-chargeability anomalies and high-grade polymetallic sulfides, aiming to unlock significant silver, gold, copper, lead, and zinc mineralization across two structural systems.
Galore Resources Inc. updates on its Dos Santos Project in Mexico, with ongoing 5,000-meter drilling at Los Gemelos/Duraznillo. Initial drill core shows promise, with assays pending. The company plans to process 25,000 tonnes of mineralized rock, explores joint ventures, ore-sorting technology, satellite imaging, and drilling expansion, targeting significant copper-gold deposits.
Pinnacle Silver and Gold Corp. is advancing its El Potrero property in Durango, Mexico, with Phase I fieldwork underway. Surface mapping extended the vein system 1,100 meters, and 132 samples were submitted for analysis. Underground mine cleaning and sampling are complete, access roads cleared, and plant cleanup nearly finished. Community relations are positive, and a LiDAR survey is planned.
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