Mithril Silver and Gold Limited (ASX: MTH) December 2024 Quarterly: 7,138m drilled at Copalquin, Mexico, with high-grade hits expanding Target 1 (e.g., 4.60m @ 5.51 g/t Au, 182 g/t Ag). Maiden resource update Q1 2025; raised A$16.9M; cash A$15.74M; exploration spend A$1.756M.
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Step-out drill holes at the southernmost end of Noche Buena in the Central Trend returned excellent gold and silver grades, defining a brand new high-grade shoot that is several hundred meters beyond our October 2024 resource update. Mineralization is at grades and widths indicative of underground expansion potential. And, mineralization remains open at depth and along strike to the south, with strong potential for significant extension via the 2025 drilling currently underway.”
Heliostar CEO, Charles Funk, commented, “At La Colorada, we are seeing the combined benefit of gold production at record prices and growth from the first significant investment into the project in many years. Our aggressive five-rig drill program is designed to increase the reserves of the Creston pit.”
Alamos Gold received SEMARNAT approval for an environmental permit amendment on Jan 29, 2025, allowing construction start on the Puerto Del Aire underground project in Mexico’s Mulatos District. Ramp-up mid-2025; first production mid-2027. Initial capex $165M; avg 127koz Au/year first 4 years at $1,003/oz AISC.
Tocvan Ventures (Jan 22, 2025) announced surface sampling results expanding targets at Gran Pilar Gold-Silver Project, Mexico. Four new targets in Southern Block (1.8×1.0 km) with rock chips up to 3.1 g/t Au and 64 g/t Ag; potential separate epithermal system in North Alteration Zone (3.2×1.5 km). Ongoing core drilling at Main Zone; 2025 plans include trenching, drilling, and pilot facility.
“At the beginning of the year we planned a robust exploration program at our San Dimas mine which has returned impressive results,” stated Keith Neumeyer, President & CEO of First Majestic. “Our exploration teams have completed approximately 113,000 metres of drilling within the district and have intersected significant silver and gold mineralization in multiple veins.”
Mithril Silver and Gold Limited (Jan 22, 2025) reports Target 1 expansion assays at Copalquin, Mexico, up to 7.88 g/t Au, 438 g/t Ag over 1m (MTH-EC24-04). Key intercepts include 7.37m @ 4.16 g/t Au, 69.5 g/t Ag. Drilling continues for Q1 2025 resource update; 35,000m planned.
VANCOUVER, BC, Jan. 22, 2025 /CNW/ – Angel Wing Metals Inc. (TSXV: AWM) (“Angel Wing Metals” or the “Company“) is pleased to report the commencement of a phase 1 –
Ernesto Balarezo, Sierra Metals CEO, comments, “We are very pleased with the results of our exploration strategy at Bolivar to date and these results only offer what we believe is a glimpse of the mine’s full potential. This drill program in the Marian Zone indicates higher metals grades that have the potential to add to the overall mineral resources at Bolivar.”
IMPACT Silver reported high-grade drilling results at its Plomosas Mine’s Juarez area, including 14.13 % Zn, 1.59 % Pb and 12 g/t Ag over 2.2 m, with a very high-grade section of 26.06 % Zn over 0.9 m. Other holes hit 30.1 % Zn intervals. Mineralization remains open and drilling continues.
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