Category: Exploration and Development

Capitan Silver Corp. signed a Letter of Intent to acquire seven mineral concessions (2,171.4 hectares) adjacent to its Cruz de Plata project in Durango, Mexico, from Minera Fresnillo for US$4M. This expands Capitan’s land by 85%, extends the silver-gold trend by 1.2 km, and enhances exploration and development potential. Closing is expected within 90 days, pending due diligence.

Orla Mining Ltd. announced the first underground Mineral Resource estimate for its Camino Rojo deposit in Zacatecas, Mexico, extending from the oxide open pit. The Measured and Indicated Resource totals 50.1 Mt at 2.58 g/t AuEq (4.16 Moz), with an Inferred Resource of 5.6 Mt at 2.33 g/t AuEq (0.42 Moz). Zone 22, a sulphide extension, contributes 7% and 19% to these categories, respectively. The resource supports heap leaching, cyanidation, and flotation with pressure oxidation. Orla plans further drilling, an exploration drift, and a 2026 Preliminary Economic Assessment to advance toward underground mining.

Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is advancing its phosphate project in Mexico and battery metal projects in the Cook Islands, supported by a U.S. Executive Order boosting seafloor mining. CEO Mark Gordon will present at the Emerging Growth Conference on June 17, 2025, to discuss catalysts and long-term value.

Endeavour Silver Corp. reports high-grade silver, lead, and zinc drill results from its Pitarrilla project in Mexico. Drilling confirms multiple mineralized feeder structures and a manto, enhancing resource confidence. Highlights include 1,127 gpt Ag over 2.08m (Casas Blancas) and 2,481 gpt Ag over 1.03m (Danna). The project, with significant infrastructure, is poised for further development.

Mithril Silver and Gold (TSXV: MSG, ASX: MTH) reports high-grade channel samples at Target 5, Copalquin, Mexico, with up to 5.36 g/t gold, 777 g/t silver, and elevated copper, lead, and zinc. The 1.6 km vein corridor, 1.5 km from Target 1, supports a district-scale epithermal system. Drilling is planned for next quarter.

Silver Spruce Resources, Inc. finalized an amended Option Agreement for the Pino de Plata project in Chihuahua, Mexico, simplifying terms to earn 100% interest. The deal includes a $10,000 payment and a 10% future sales participation right over three years, eliminating prior cash, share payments, and royalties. The agreement awaits a landowner access deal to proceed with exploration, including Phase 1 drilling.

Pinnacle Silver and Gold Corp. (TSXV: PINN) reports high-grade gold-silver mineralization at the Pinos Cuates Mine, Durango, Mexico. Underground sampling yielded up to 19.4 g/t Au and 266 g/t Ag over 4.1m. Surface mapping traced the Dos de Mayo vein for 1.6km, with grab samples up to 13.2 g/t Au and 2,280 g/t Ag, indicating drill targets.

First Majestic Silver Corp. announced a second significant gold and silver discovery at its Santa Elena property in Sonora, Mexico, within a year. The newly identified Santo Niño vein, located one kilometre south of the Santa Elena mine, and expanded drilling at the Navidad discovery have revealed high-grade mineralization, enhancing the district’s potential and extending mine life.

Aztec Minerals Corp. launched a two-phase 2025 exploration program at its Cervantes porphyry gold-copper project in Sonora, Mexico. Phase 1 involves surface sampling and mapping at California East, North, and Brasil targets. Phase 2, post-rainy season, plans drilling to expand the California gold target and test Brasil, aiming to define open-pit, heap leach potential.

Minaurum Gold Inc. identified four parallel high-grade vein structures at the Promontorio vein zone of its Alamos silver project in Mexico. Recent drilling yielded intercepts like 10.20 m of 453 g/t AgEq and 0.65 m of 958 g/t AgEq. These results will contribute to the maiden resource estimate, highlighting the zone’s potential.