Category: Exploration and Development

Alamos Gold reported strong exploration drilling results in the Mulatos District, Mexico, extending high-grade gold mineralization beyond known reserves at Puerto Del Aire (PDA) and Cerro Pelon, and revealing a new sulphide-hosted gold discovery at Halcon. These results support growth potential and feed for the planned PDA mill, targeted for initial production in mid-2027.

Tocvan Ventures is advancing pilot mine development and restarting drilling at its Gran Pilar Gold-Silver Project in Sonora. Work includes condemnation and infill drilling on the South Block, infrastructure upgrades, and environmental monitoring. Assay results and a drone survey from recent drilling are pending and expected shortly.

Silver Tiger Metals announced a Preliminary Economic Assessment (PEA) for the underground at its El Tigre silver-gold project in Sonora, Mexico, showing an after-tax NPV of US $304 million (5% discount), IRR ~42.8%, a ~2.6-year payback and a 15-year mine life. An updated PFS for the Stockwork Zone shows an after-tax NPV of US $456 million.

Regency Silver Corp. agreed to option a 100% interest in the La India mineral concession near its Dios Padre project in Yécora, Sonora, Mexico, expanding its land position. The 4,823 ha property has similar geology to Dios Padre. Payments include initial and staged fees plus a future US $1 M on establishing ≥1 M oz gold (or equivalent) NI 43-101 resources; vendors keep a 2% NSR.

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.