“We are very pleased with the steady progress that KCA continues to make on the El Oro Tailings Project and their strong commitment to advancing the reprocessing project toward production,” states Joanne Freeze, President and CEO of Xali Gold.
President and CEO Fred Davidson commented, “We are pleased with these additional excellent drill results from the recently discovered Kena Vein South which has now been drilled over 150 metres length and remains open for further drilling. The close proximity of the new vein to current active mine workings has allowed for rapid and low cost mine 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.”
Riverside Resources and Fortuna Mining reported progress at the Cecilia Gold Project in Sonora after completing a five-hole, 2,250 m Q4 2024 drill program that hit gold mineralization in all target areas and showed broad epithermal alteration. The results helped refine district-scale targets, and Phase 2 exploration has now begun to follow up on these encouraging indicators.
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.”
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