Category: Exploration and Development

Luca Mining Corp. (TSXV: LUCA; OTCQX: LUCMF) reports high-grade intercepts at Reforma, Campo Morado, Mexico: 13m @11.4g/t AuEq (incl. 3.7m @21.3g/t), 24.6m @6g/t AuEq (incl. 11.6m @8.6g/t). Underground: 2.6m @1.84g/t Au, 104g/t Ag, 2%Cu. Drill programs expanded: surface to 5,500m (+120%), underground to 7,500m (+50%).

Guanajuato Silver reported high-grade drill results from its 2025 exploration at the El Cubo Mines Complex, including bonanza intercepts over 2 kg/t AgEq from the Packman and San Luis veins. The company also discovered two new veins near these zones. El Cubo continues to deliver strong production, with ongoing drilling focused on expanding high-grade areas.

Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) declares commercial production at Terronera mine in Jalisco, Mexico, effective Oct. 1, 2025, after commissioning exceeded 90% of 2,000 tpd capacity and metal recoveries. Forecasts 360,000 tonnes processed in next 6 months at 122 g/t Ag, 2.52 g/t Au; higher grades mid-2026. 2026 guidance in Jan. Positions as mid-tier silver producer.

Mithril Silver and Gold announces robust Target 1 drilling at Copalquin, Mexico, extending strike 30% with intercepts like 7.2m @ 2.78g/t Au, 148g/t Ag. Target 5: 11 holes done, assays pending; footprint now 2x2km. Target 3 drill-ready soon. Aerial magnetic survey starts; fully funded for 45,000m program across district.

GR Silver Mining reports Phase II BSTM results at Plomosas Mine, Mexico, delineating high-grade AgEq zones (e.g., 6.7m at 1,040 g/t, 1.2m at 2,365 g/t). Identifies blasted material for processing; advances metallurgical tests and engineering. Leadership: VP Operations resigns; CFO adds Corporate Secretary role.

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.