Category: Exploration and Development

Mithril Silver and Gold reported strong drill results from its Copalquin project in Durango, Mexico, including 9.65 metres grading 7.00 g/t gold and 370 g/t silver at Target 1. The results support expansion of the existing resource footprint ahead of an updated Mineral Resource Estimate planned for June 2026, while confirming continuity of high-grade mineralization across the district-scale project.

Tocvan Ventures reported more than 5,300 metres drilled at its fully funded 20,000-metre Gran Pilar drill program in Sonora, Mexico, with assays pending for 21 holes. The company identified historic underground workings along the El Mezquite trend, highlighting additional exploration potential. Tocvan also secured a long-term community agreement and ordered processing equipment for its fully permitted 50,000-tonne pilot mining facility.

Capitan Silver reported final results from its property-wide airborne MT geophysical survey at the Cruz de Plata Project in Durango, Mexico. The survey supports the company’s model of a large-scale silver-rich mineral system, identified multiple new exploration targets along strike and at depth, and confirmed geological continuity exceeding 1.5 km below surface. Assays remain pending for 64 drill holes.

Silver Storm Mining announced the mobilization of underground development contractors MINPRO and Mexgeo at its past-producing La Parrilla Silver Mine Complex in Durango, Mexico, marking another major step toward a potential restart of operations in Q2 2026. The contractors will provide underground mine development services, with mobilization expected to be completed by the end of May.

Advance Metals has commenced a 4,500-metre maiden diamond drilling program at its wholly owned Gavilanes silver project in Durango, Mexico. The campaign will target extensions of high-grade silver mineralization and test regional exploration targets beyond the current 22.4-million-ounce AgEq foreign estimate at the project.

Silver Storm Mining reported that construction of the on-site laboratory at its La Parrilla silver mine in Durango is nearing completion, with commissioning expected by the end of Q2 2026. The lab will support faster sample analysis and operational efficiency as the company advances toward restarting production at the past-producing mine complex.

Pinnacle Silver and Gold has commenced an underground delineation drilling program at its El Potrero project in Durango, targeting high-grade gold-silver zones identified from extensive sampling and 3D modeling. The program will define the size, shape, and grade of mineralized shoots to support a preliminary mine plan, marking a key step toward advancing the project toward potential production.

Sonoro Gold has commenced a fully funded 50,000-meter drilling program at its Cerro Caliche gold project in Sonora, supported by an approximately C$11 million financing. The two-phase program will focus on infill and expansion drilling to grow resources and advance the project toward potential open-pit, heap-leach production.

Luca Mining reported new high-grade drill results at its Tahuehueto mine in Durango, including 6.8 m grading 5.5 g/t gold equivalent, confirming mineralization continuity near existing workings. The results expand known high-grade zones and highlight strong potential for resource growth and near-mine expansion as ongoing drilling targets additional extensions.

Questcorp Mining and Riverside Resources reported high-grade gold-silver and polymetallic results at the La Unión Project, including 30 m of 20.2 g/t gold and 226 g/t silver, plus a new sediment-hosted gold discovery (42 m at 0.3 g/t Au). With a fully funded Phase 2 program underway, work is refining targets and advancing toward summer 2026 drilling.