Category: Exploration and Development

Kingsmen Resources Ltd. reported drill results from Las Coloradas project (Chihuahua, Mexico). Hole LC-25-012 intersected 4.8m at 90 g/t AgEq (incl. 1.3m at 270 g/t AgEq with 143 g/t Ag and 0.72 g/t Au) on Soledad II structure—a 1.5 km step-out from prior high-grade discovery. Additional holes confirm extensions and anomalous zones; multiple targets remain for district-scale system.

Kootenay Silver reports assays from nine holes at Columba (Chihuahua, Mexico), highlighting D Vein intercepts like 14.83m at 135 gpt Ag and Lupe-B2 Vein with 7.6m at 299 gpt Ag (incl. 0.45m at 1,830 gpt Ag). High-grade hits include 1m at 1,040 gpt Ag. Veins open; drilling ongoing in 50,000m program.

Silverco Mining Ltd. completed dewatering at Promontorio (Cusi Project, Mexico), enabling underground access for mine restart. Rehabilitation underway (ramp scaling, ground support, infrastructure). Restart Study advancing (Q1 2026 completion); metallurgical tests nearing end; 2025 drill results expected early Q1 2026.

Southern Silver Exploration Corp. (TSXV: SSV) reported drill results from Cerro Las Minitas in Durango, Mexico, including 10.4m averaging 743g/t AgEq (365g/t Ag, 7.8% Pb, 8.2% Zn) in hole 25CLM-205. This 65m step-out confirms high-grade continuity in skarn and El Sol veins. 6,820m of planned 12,000m drilling completed.

Pinnacle Silver and Gold Corp. (Jan 6, 2026) reported LiDAR survey results at El Potrero gold-silver project (Durango, Mexico), identifying 64 adits, 6 shafts, and 51 pits. Confirmed 1,600m Dos de Mayo vein strike; revealed new structures and targets on both claim blocks, including potential extensions and NE-SW trends near Topia-style mineralization. Adding geological team for follow-up.

Mithril Silver and Gold is mobilizing a third drill rig for its Copalquin gold-silver project in Mexico, planning 25,000m drilling in 2026 across multiple targets. Supported by geophysical surveys, LiDAR, and a maiden JORC resource, the expanded program builds on strong 2025 results.

Tocvan Ventures Corp. began trenching material for pilot mine feed at Gran Pilar Gold-Silver Project’s South Block on Dec 22, 2025. Secured community approval; advancing infrastructure with site clearing/leveling for heap leach pad, ponds, roads, and processing for fully permitted 50,000-tonne facility. Maiden North Block drilling ongoing.

Silver Storm Mining ordered 10 new underground units (scooptrams, trucks, drills) from Siton, deliveries starting January 2026, and is rehabilitating existing Sandvik fleet. Ventilation upgrades include two Howden primary fans and 15 auxiliaries. These support safe operations for potential La Parrilla mine restart in Q2 2026.

Orogen Royalties announced continued exploration success at its 2% NSR royalty on the Ermitaño gold-silver mine in Mexico, operated by First Majestic. High-grade intercepts extended mineralization at Navidad and Luna zones, with plant expansion and resource upgrades planned for 2025.

Heliostar Metals restarted mining at its San Agustin gold mine in Durango, Mexico, after approvals. Operations include open-pit blasting and equipment mobilization. Reserves support 45,000 oz gold production; ongoing drilling targets extensions to extend mine life beyond 1.2 years.