Category: Exploration and Development

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.

Kootenay’s President & CEO, James McDonald states, “These holes tested 3 areas; an undrilled area in the historically worked F vein, the B vein and D vein. The project continues to deliver excellent results.”

GoGold Resources Inc. announced the Feasibility Study for its Los Ricos South project in Jalisco, Mexico, on January 16, 2025. It shows after-tax NPV (5%) of US$355M, IRR 28%, 2.6-year payback (base case: Ag $26.80/oz, Au $2,330/oz). 15-year mine life, 80M payable AgEq oz, initial capex $227M, average AISC $12.78/oz AgEq.

Paul Gray, VP Exploration, commented, “Like many established VMS systems around the world, Campo Morado has significant growth potential, and I am excited to be embarking on these first exploration efforts on the property in many years. My aim for this, and all future drill programs, is to identify additional near-mine mineralization that can be quickly added to the mine plan at Campo Morado; leverage the extensive historical data and generate new information through drilling and other exploration tools to extend the mine life and expand resources, and; eventually, demonstrate the true district-scale potential at Campo Morado by targeting high-impact exploration zones further from the mine site.”

Greg McKenzie, President and CEO, commented: “The C460 Zone drill results reported today are indicative of the importance of this zone in a restart of operations. Hole Q-24-057 returned 696 g/t Ag.Eq over 2.02 m approximately 138 m below the 1767 EL stope, combined with previously reported holes Q-23-020 grading 1,810 g/t Ag.Eq over 14.6 m and Q-23-022A grading 911 g/t Ag.Eq over 13.05 m, also beneath the 1767 EL stope, demonstrate the high-grade potential of this undeveloped 138 m section of the southern C460 Zone.”

Ian McGavney, President & CEO of Colibri commented, “We believe that 2025 will be a transformational year for Colibri shareholders in terms of project advancement and value creation. We firmly believe that Pilar contains the potential to be a modest low-cost gold producing asset and the new geochemical assays and other geological data derived from this drilling program at Pilar will enhance the geological model and be utilized in an upcoming maiden resource estimate.”

Kingsmen commenced its 2025 exploration program at the 100 %-owned Las Coloradas silver project in the Parral district, Chihuahua, Mexico. Activities include mapping, sampling, geological modeling, and permitting ahead of a planned diamond drilling campaign, aiming to expand and define targets across key vein systems.

“We welcome 2025 as important year with a focus on two key project advancements: 1) the establishment and ongoing expansion of a resource estimate; 2) the setup and processing of a proof-of-concept test mine.” commented, CEO Brodie Sutherland.

The Gavilanes Project, located in Durango, Mexico, within the prolific Sierra Madre Occidental District, is an early-stage high grade silver-gold vein system with significant exploration potential.