Pinnacle Silver and Gold Corp. (TSXV: PINN) updated on April 17, 2025, Phase I fieldwork at El Potrero gold-silver project (Mexico): vein system extended 1,100m NW, 132 samples submitted, underground mapping/sampling ongoing, roads/plant prepared. Granted 500,000 incentive stock options to consultants at C$0.05, expiring 2030.
Colibri President & CEO Ian McGavney commented: “We are pleased with overall results from this recent diamond drilling program. The footprint of the gold & silver mineralization at Pilar has been expanded and opens the doors for potential future drilling along the Main Zone trend as well as the less understood 4T and North Hill trends. Our attention will now be focussed on working with our partner to advance a maiden estimate as well as finalizing plans and permitting for our upcoming up to 50,000 tonne test mine/bulk sample.”
“Step-out drilling south of the Main Zone has extended the high-grade corridor where we previously thought mineralization stopped.” commented, CEO Brodie Sutherland.
Mithril Silver and Gold (April 10, 2025) reports high-grade samples at Target 2, Copalquin, Mexico: 1m @ 28.7 g/t Au, 356 g/t Ag; 2m @ 26.8 g/t Au, 1,004 g/t Ag. Second drill rig mobilized for 35,000m program; Target 1 hits depth extensions. Resource update delayed to May.
“We are excited to be back drilling the expansion zone where recent results returned high-grade gold at surface.” commented, CEO Brodie Sutherland. “Following up on our success, testing the northern edge of known mineralization with drilling will provide us with further insight on the resource potential.”
Marc Prefontaine, President and CEO states, “We are very pleased that such an early-stage drill program successfully intersected mineralization in 8 of the 13 drill holes completed to date, with all drill holes intersecting anomalous mineralization. This maiden drill program marks the first time this extensively altered area has been drill tested.”
Heliostar CEO, Charles Funk, commented, “Heliostar closed the first quarter of 2025 with a US$27M (C$38M) cash balance, over half of which was generated from operating profits. This places the Company in a strong position to achieve our planned production and resource growth goals.”
Paul D. Gray, Luca VP Exploration, commented, “Luca has been able to execute an efficient underground drilling program at Campo Morado that represents the first stage the Company’s plan to realize the untapped mineral potential of the Campo Morado Mine and District. The Campo Morado deposit hosts additional mineral potential beyond the extent of its known resources.”
Defiance Silver Corp. (Apr 7, 2025) signed a non-binding LOI to acquire Green Earth Metals Inc., adding three drill-permitted Cu-Au-Ag-Mo projects (Victoria, Espiritu, Los Ocotes; 6,795 ha) in Mexico’s Sonora porphyry belt near major mines. Deal: 4.95M shares (C$1.25M) + C$150K debenture. Exploration planned, including drilling at Victoria. Subject to due diligence and approvals.
Gold Resource Corporation reported strong 2024 underground drill results at its Don David Gold Mine in Oaxaca, Mexico. The program identified high-grade mineralization in the Three Sisters, Gloria and North Arista vein systems, reinforcing their potential as major contributors to future resources. Results upgrade existing mineral resources and support ongoing exploration to expand and define these zones further.
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