Category: Exploration and Development

Capitan Silver Corp. (TSXV: CAPT) reports high-grade assays from Cruz de Plata drilling: 1,541 g/t AgEq over 1.5m in Jesús María vein extension (25-ERRC-20), 476 g/t AgEq/1.5m in new east-west zone (25-ERRC-17), and multiple Gully Fault hits up to 804 g/t AgEq/1.5m. Open targets; 28 assays pending.

Tocvan Ventures Corp. discovered a new mineralized zone with historic underground workings in the 3.2 km North Alteration Zone at its Gran Pilar Gold-Silver Project in Sonora, Mexico. The 80-meter exposed silicified vein breccia area shows intense alteration; channel/grab samples pending. Located 800m SW and 1,100m NE of permitted high-grade drill targets (up to 3.2 g/t Au, 1,225 g/t Ag). Follow-up trenching and drilling planned.

Goldgroup Mining Inc. has doubled crushing capacity at its Cerro Prieto gold mine in Mexico to over 4,500 tonnes per day with a second crushing circuit. The company aims to boost gold production to over 24,000 ounces annually, with an additional 8,000 ounces from a re-leaching project starting in Q1 2026. Ongoing exploration and the Pinos project support further growth.

Pacifica Silver Corp. identified high-priority drill targets at its Claudia Silver-Gold Project in Mexico, with 2022 rock chip samples assaying up to 23.6 g/t Au and 480 g/t Ag. The Phase I 8,000-meter drilling program began September 22, 2025, with 647 meters completed. New targets, including Veta Justina, will be permitted for drilling in Q1 2026.

Torex Gold Resources Inc. reported Q3 2025 gold equivalent production of 119,034 ounces and sales of 118,082 ounces. Year-to-date production reached 261,520 ounces, targeting the low end of the 400,000–450,000-ounce guidance. The Media Luna Project ramp-up exceeded expectations, with mining rates above 6,000 tpd and processing plant throughput surpassing 10,600 tpd. Financial results will be released November 5, 2025.

Mithril Silver and Gold expands silver-rich Target 5 to over 2km x 2km at Copalquin, Mexico, with channel sampling up to 3,300 g/t silver and 2.0 g/t gold over 1.30m at Tasolera. Nine holes drilled (assays pending); Target 1 extended 300m west. Fully funded for 45,000m drilling program.

Torex Gold Resources Inc. reported high-grade assay results from its 2025 ELG Underground drilling program in Mexico, focusing on El Limón Sur and Sub-Sill trends. Notable intercepts include 21.2m at 28.13 gpt AuEq and 24.6m at 17.06 gpt AuEq. New second-order structures and extended mineralization support resource expansion and reserve replacement, aiming to extend mine life beyond 2029.

Southern Silver Exploration Corp. mobilizes crews for up to 12,000m drilling on the new Puro Corazon claim, adjacent to its Cerro Las Minitas project in Mexico. The program integrates historic data, sampling, and Lidar survey to expand the Skarn Front deposit, targeting resource growth and synergies for an updated PEA in Q1 2026. Options granted to key personnel.

Heliostar Metals Ltd. reports strong drill results from its Ana Paula project, including 88.05m at 8.82 g/t gold and 35.5m at 13.03 g/t gold. A third drill rig accelerates the 15,000m program, aiming to convert inferred ounces, support the Feasibility Study, and target 100,000 oz/year production by 2028. Drilling continues, with results expected in November.