Category: Exploration and Development

Vizsla Silver is acquiring 10 strategic claims (2,378 Ha) surrounding its Panuco project in Mexico from Fresnillo plc for US$2M cash and US$4M in shares. The claims host potential vein extensions, enhancing resource growth potential post the November 2025 Feasibility Study.

Advance Metals provides an update on drilling at its Yoquivo Silver-Gold Project in Mexico, with new high-grade intercepts confirming vein continuity and extension potential across multiple structures, supporting ongoing resource expansion efforts.

Colibri Resource Corporation has completed 11 RC drill holes (906 meters) at the San Perfecto target in its EP Gold Project, Sonora, Mexico. Assays are expected in January. The project lies in a prolific district near operations by Fresnillo plc, Agnico Eagle, and others.

EV Resources Ltd. (ASX: EVR) announced exceptional 90.8% antimony recovery via simple gravity processing at Los Lirios Project, Mexico, outperforming flotation. Supports low-CAPEX plant restart; high-grade sulphide potential at 99.2% recovery. Advancing engineering for year-end decision and January 2026 drilling.

First Majestic Silver Corp. reports 2025 exploration success at Santa Elena, Mexico: Expanded mineralization at Santo Niño (>1,100m strike) and Navidad (>1,200m); highlights include 6.30 g/t Au & 214 g/t Ag over 6.2m. High recoveries (>95%); scoping underground mining. Announces Mani Alkhafaji as President effective Jan 1, 2026.

Pinnacle Silver and Gold Corp. is preparing an underground drill program at its El Potrero project in Durango, Mexico, targeting high-grade gold-silver in the Dos de Mayo vein. Plans include 112 holes (~2,600m) over 6 weeks, testing 500m strike. High grades: up to 85.1 g/t Au, 520 g/t Ag underground; 37.4 g/t Au, 2,280 g/t Ag surface. Development starts early 2026.

Kingsmen Resources Ltd. (TSXV: KNG) reported high-grade gold assays from 527 samples at the Juliettas prospect on the South Block of its 100%-owned Almoloya gold-silver project in Chihuahua, Mexico, including 28 samples >6.16 g/t Au (up to 34.09 g/t over 0.5m) over ~500m strike. Sampling continues to explore the vein/stockwork system.

Pacifica Silver reported strong Phase I drill results at its 100 %-owned Claudia Silver-Gold Project in Durango, Mexico, including 6.35 m of 2.94 g/t gold and 313 g/t silver—with 0.85 m grading 9.27 g/t gold and 1,905 g/t silver—confirming the northern extension of the high-grade Aguilareña vein system and encouraging further exploration.

EV Resources (ASX: EVR) has finalised a fully funded 1,500-2,000m maiden diamond drill program at its high-grade Los Lirios antimony project in Mexico, set to start early January 2026 pending permits. The Phase 1 drilling targets ~900m of the 4km Lirios Fault Zone to define extensions beneath historical workings, aiming for a maiden JORC resource in Q3 2026.

Heliostar Metals (TSXV: HSTR) released a PFS for its 100% owned Cerro del Gallo project in Mexico: 15.3-year mine life, 85.7k GEOs/yr at AISC US$1,390/oz. Initial capex $195M, post-tax NPV5% $424M and 33% IRR at $2,300/oz Au; $972M NPV and 59% IRR at $3,900/oz Au. Low strip ratio and heap-leach + SART design drive strong economics and upside.