Category: Exploration and Development

Coeur Mining (NYSE: CDE) reported 2025’s largest-ever exploration program at Palmarejo (Mexico): 68,000m drilled across its 300 km² district (only 3% explored). Key wins include extending Hidalgo Corridor veins, confirming Independencia Sur-Norte continuity, and high-grade hits at San Miguel (e.g., 17.9m @ 4.2 g/t Au + 1,870 g/t Ag) plus a new Camuchín discovery, signaling major mine-life extension potential.

Minaurum Gold Inc. (TSXV: MGG) plans to double its Phase II resource-expansion drill program at the Alamos Silver Project in Sonora, Mexico, from 25,000m to 50,000m, targeting additional high-grade vein zones. The expansion follows strong drilling results and is contingent on closing ongoing financing. A maiden resource estimate is expected in early 2026.

Mithril Silver and Gold Limited (TSXV:MSG) signed a 4-year option to acquire 100% of the 2,052-ha La Dura gold-silver property in Durango, Mexico, near its flagship Copalquin project, for US$4M. La Dura hosts historic mines and a 60 tpd mill. Initial LiDAR and magnetic surveys start this month.

Capitan Silver (TSXV:CAPT) released an updated pit-constrained Inferred MRE for Capitan Hill oxide gold deposit in Durango, Mexico: 39.8 Mt @ 0.41 g/t Au (525 koz Au) + 4.24 Moz Ag, a 115% increase in contained gold vs historical estimate. Drilling and geophysics ongoing; Capitan Hill is only ~1% of the Cruz de Plata project area.

Tocvan Ventures (CSE:TOC) reports high-grade surface silver up to 134 g/t Ag from initial sampling across historic workings in the North Block of its Pilar Gold-Silver Project, Mexico. Strong alteration and pathfinders highlight new epithermal targets. Over 1,300m drilled to date (results pending); road building advances for South Block trenching.

EV Resources (ASX:EVR) completed drill permitting (up to 50 holes) at Los Lirios, with drilling to start mid-January 2026. Tecomatlán plant due diligence positive; Phase 1 engineering nears completion. Fully funded after closing placement; first assays mid-December. On track for antimony production mid-2026.

Kingsmen Resources (TSXV:KNG) hit 931 g/t AgEq (1.28 g/t Au) over 1.6 m within 200 g/t AgEq over 10.5 m in hole LC-25-008 at Las Coloradas, Mexico. New shallow gold-rich silver discovery 160 m from prior high-grade; <5% of property explored in Parral district.

Torex Gold Resources (TSX: TXG) reported strong 2025 drilling at Media Luna West (Morelos Complex, Mexico), defining a 400×300 m high-grade zone near Media Luna. Highlights: 17.79 gpt AuEq over 12.9 m and 12.25 gpt AuEq over 11.0 m. An inaugural Inferred Resource is expected in March 2026; remains open north and south.

Southern Silver Exploration (TSXV: SSV) announced bonanza-grade silver intercepts from the first drill holes on its newly acquired Puro Corazon claim at the Cerro Las Minitas project in Mexico. Ten of 21 planned holes (4,000 m) are complete with several additional thick sulphide intercepts logged and assays pending. Underground channel sampling has begun, with results to support an updated mineral resource estimate and new PEA expected in Q1 2026.

Mithril Silver and Gold (TSXV:MSG) reported high-grade channel samples across Copalquin District, Mexico: highlights include 0.60 m @ 38.3 g/t Au + 4,520 g/t Ag (Target 5), 0.50 m @ 16.8 g/t Au + 625 g/t Ag (Target 1 West), and 0.65 m @ 16.0 g/t Au + 284 g/t Ag (Target 3). Drilling expands Target 1 West and Target 5; Target 3 drilling starts Jan 2026. 25,000 m drill program planned for H1 2026.