Category: Exploration and Development

Kootenay Silver Inc. announced high-grade drill results from its Columba Silver Project, with D-Vein assays reaching 7,630 gpt silver and 30.57% lead-zinc, the deepest and highest values recorded. Hole CDH-25-199 intercepted 620 gpt silver over 16.5 meters. The company is compiling data for a maiden resource estimate, with drilling now exceeding 20,000 meters.

Fuerte Metals announced strong drill results at its Cristina Project in Chihuahua, Mexico, including 10.3 g/t AuEq over 2.4 m, 7.0 g/t AuEq over 1.4 m, and 5.6 g/t AuEq over 3.6 m, within broader mineralized zones. These intercepts, from the Los Ingleses vein, highlight both high-grade and wide lower-grade mineralization and support ongoing resource expansion work.

Torex Gold Resources Inc. achieved commercial production at its Media Luna mine on April 26, 2025, completing the Media Luna Project within budget and ahead of schedule. Construction is 98% complete, with the mine set to reach 7,500 tonnes per day by mid-2026. Funded mainly by ELG cash flow, Torex anticipates positive free cash flow in mid-2025.

Mithril Silver and Gold Limited (ASX: MTH) March 2025 Quarterly: High-grade intercepts at Target 1, Copalquin (e.g., 4.95m @ 20.5 g/t Au, 1,833 g/t Ag). Maiden JORC resource: 2.4Mt @ 4.80 g/t Au, 141 g/t Ag (373koz Au, 10.95Moz Ag). Drilling ongoing; cash A$14.2M.

Sierra Madre Gold and Silver Ltd. has begun underground mining at the Coloso mine, part of the Guitarra Complex in Mexico, 7 months ahead of schedule. Previously mined by First Majestic Silver, Coloso has higher-grade silver and gold resources than Guitarra. Mining started at 50 tonnes per day, aiming for 150 by year-end, with optimized blending for maximum economic benefit.

Tocvan Ventures Corp. continues RC drilling at Gran Pilar, Sonora, completing 712 meters across five holes, with three at the lab. A webinar on May 2, 2025, will detail expansion and pilot mine plans. The company also amended 6.6M warrants, extending expiry to 2026 and reducing some exercise prices, pending CSE approval. Marketing engagements were announced.

Masivo Silver Corp. completed an eight-hole, 1,300-meter drill program design at its Cerro Colorado property in Sonora, Mexico. Led by geologists Jorge Rafael Gallardo, Brian Brewer, and Mark Bailey, the program targets high-chargeability anomalies and high-grade polymetallic sulfides, aiming to unlock significant silver, gold, copper, lead, and zinc mineralization across two structural systems.

Roberto Resources reported results from its first-phase rock-chip and soil sampling on the Janampalla Property in Perú, finding multiple rock samples with significant copper values (many >1 % Cu, some >10 % Cu) and anomalous silver and lead. Soil samples were mostly low, but the rock results suggest strong copper–silver–lead potential, guiding future exploration.

Galore Resources Inc. updates on its Dos Santos Project in Mexico, with ongoing 5,000-meter drilling at Los Gemelos/Duraznillo. Initial drill core shows promise, with assays pending. The company plans to process 25,000 tonnes of mineralized rock, explores joint ventures, ore-sorting technology, satellite imaging, and drilling expansion, targeting significant copper-gold deposits.

Fuerte Metals reported diamond drill results at its Cristina Project in Chihuahua, Mexico, including highlights like 8.5 g/t AuEq over 4.0 m, 6.1 g/t AuEq over 1.7 m, and 6.1 g/t AuEq over 1.4 m, expanding high-grade zones within the Guadalupe and Los Ingleses vein systems. These findings support continued resource growth across multiple vein structures.