Category: Exploration and Development

Axo Metals reported 33 holes totaling about 3,700 metres at San Antonio. Luz del Cobre returned 48.0 metres grading 1.18 g/t gold from surface and 15.0 metres at 3.94 g/t; drilling indicates at least 450 metres of mineralized strike. The company also terminated its La Gallina option, retaining the Juanes concession.

Silver Tiger was added to the VanEck GDXJ ETF effective September 18, 2026. At El Tigre, construction remains on schedule for commissioning and first pour in December 2027. Detailed engineering is 65% complete, road improvements 85%, and earthworks 30%; procurement of major long-lead equipment is complete.

Kingsmen Resources contracted Geofisica TMC for drone-borne magnetic and LiDAR surveys across its 8.8 km² Las Coloradas project in Chihuahua. The 196 line-km surveys will map structures beneath overburden to refine and generate drill targets. Hole 22 is underway.

At Ana Paula, Heliostar reported 52.4 m grading 5.84 g/t gold, including 12.6 m at 17.8 g/t, in the High Grade Panel. Expansion drilling returned 3.4 m at 10.64 g/t from 604.9 m. The Expansion Zone remains open south, west and at depth; infill drilling is complete to support the feasibility study.

Capitan Silver reported results from 22 holes at Cruz de Plata, extending Jesus Maria Trend silver mineralization to 600 m down-dip. Hole 26-ERDD-49 returned 1,639.3 g/t AgEq over 0.9 m. Holes 26-ERDD-49 and 26-ERDD-32 also intersected CRD-style massive sulphides, indicating a separate mineralizing event. Assays remain pending for 80 holes.

Antimony Resources has begun a 200-tonne proof-of-concept campaign at its Tecomatlán plant, processing third-party Chinantla ore after commissioning. It is targeting the plant’s first bulk antimony concentrate, with independent assays planned. Feedstock plans include a binding five-year Chinantla agreement and non-binding MOUs with Vinatas and Coyul.

Silverco reported results from 15 holes in its 30,000-metre Cusi drilling program in Chihuahua. Highlights include 1,222 g/t AgEq over 3.35 metres true width at Promontorio and 737 g/t AgEq over 4.18 metres. Drilling targets resource growth ahead of a planned Q4 2026 restart and H1 2027 resource update.

IMPACT Silver plans to upgrade and restart the Capire mill to process gold- and copper-bearing Noche Buena ore, potentially lifting district capacity to nearly 700 tpd; processing is targeted for H2 2027. Plomosas will enter care and maintenance due to a lack of economic third-party feed, while exploration continues. The company expects a non-cash impairment of about US$4.3 million.

Guanajuato Silver completed a 267-metre underground ramp connecting the San Ignacio and Bolanitos mines. The breakthrough occurred September 30, ahead of schedule. The link is expected to shorten ore-haulage times to Bolanitos’ processing plant and improve integration between the operations.

Oroco reported Phase 2 assays from 10 Santo Tomás drill holes, including S045’s 234.6 m grading 0.52% CuEq. South Zone resource drilling is complete after 50 holes totaling 15,263 m; Pillar Zone and geotechnical drilling continue. Results may inform the planned resource update and prefeasibility study; no resource increase is yet established.