Category: Exploration and Development

Silver Tiger Metals Inc. intersected high-grade silver in underground drilling at El Tigre Project, Sonora, Mexico: Hole ET-24-627 returned 3.0 m of 1,526.3 g/t AgEq within broader 17.3 m of 309.0 g/t AgEq in the Sulfide Zone. Additional intercepts reported; targeting underground potential post-PFS.

Greg McKenzie, President and CEO, commented, “We are incredibly pleased with this latest resource update. We achieved a material 107% increase in Indicated Resources and there was also a significant increase in Inferred Resources at La Parrilla.”

Endeavour Silver said its Terronera Project in Jalisco, Mexico reached about 89.4% construction completion by end of Q4 2024, with dry commissioning underway on the upper plant and strong progress on infrastructure. Underground development continued, major systems were installed, and efforts focused on finishing lower-platform work to be ready for full commissioning in early Q2 2025.

The property sits within the heart of Mexico’s Faja de Plata (Belt of Silver) and is located just 15km to the east of Endeavor Silver’s Pitarilla Deposit, one of the largest unexploited silver resources in Mexico.

Paddy Nicol, Orogen’s CEO, commented, “Since the discovery of Navidad in July 2024, multiple drill rigs have been busy exploring the vein system and it is exciting to see continued success. Not only did drilling in the second half of 2024 expand Navidad, the zone of high-grade gold and silver mineralisation is also substantially closer to the underground workings at the Ermitaño mine complex.”

“We are encouraged by the results of the Q4 2024 drilling program, which focused on testing geological features with limited previous drilling, just one or two holes in each area, and yielded positive indicators while also uncovering some unexpected geologic surprises,” said John-Mark Staude, President and CEO of Riverside Resources.

Akiba Leisman, CEO of Mako states “these drilling and channel sample results were taken as part of a geotechnical drilling program to finalize engineering parameters and site infrastructure layout selection in preparation for submitting our environmental permit application later this year. The grades and widths received from this program are matching or exceeding those defined in the resource model from the 2024 PEA, which showed an after-tax NPV 5% of US$ 292 million at US$1,850 gold.”

Jody Kuzenko, President & CEO of Torex, stated: “The Media Luna Project is now in its final months, sitting at 94% complete as of the end of 2024. We are well on track to complete the project and produce first copper concentrate by the end of Q1 2025, with engineering concluded, procurement substantially complete, underground development tracking well ahead of schedule, and surface construction advancing per plan.”

Kingsmen Resources reported that continued high-grade silver sampling at its 100 %-owned Las Coloradas project in Chihuahua, Mexico shows mineralization across the full strike of the Soledad and Soledad II structures. The company also identified a new drill target area (DBD) between historic workings, boosting confidence ahead of its planned drilling.

“The success at Santa Elena continues,” stated Keith Neumeyer, President & CEO of First Majestic. “The exploration program at Navidad during H2 successfully expanded the high-grade gold and silver mineralization of the Navidad discovery, extending mineralization closer to the Ermitaño mine infrastructure.”