Category: Exploration and Development

Torex Gold Resources Inc. achieved commercial production at its Media Luna mine on April 26, 2025, completing the Media Luna Project within budget and ahead of schedule. Construction is 98% complete, with the mine set to reach 7,500 tonnes per day by mid-2026. Funded mainly by ELG cash flow, Torex anticipates positive free cash flow in mid-2025.

Mithril Silver and Gold Limited (ASX: MTH) March 2025 Quarterly: High-grade intercepts at Target 1, Copalquin (e.g., 4.95m @ 20.5 g/t Au, 1,833 g/t Ag). Maiden JORC resource: 2.4Mt @ 4.80 g/t Au, 141 g/t Ag (373koz Au, 10.95Moz Ag). Drilling ongoing; cash A$14.2M.

Sierra Madre Gold and Silver Ltd. has begun underground mining at the Coloso mine, part of the Guitarra Complex in Mexico, 7 months ahead of schedule. Previously mined by First Majestic Silver, Coloso has higher-grade silver and gold resources than Guitarra. Mining started at 50 tonnes per day, aiming for 150 by year-end, with optimized blending for maximum economic benefit.

Tocvan Ventures Corp. continues RC drilling at Gran Pilar, Sonora, completing 712 meters across five holes, with three at the lab. A webinar on May 2, 2025, will detail expansion and pilot mine plans. The company also amended 6.6M warrants, extending expiry to 2026 and reducing some exercise prices, pending CSE approval. Marketing engagements were announced.

Masivo Silver Corp. completed an eight-hole, 1,300-meter drill program design at its Cerro Colorado property in Sonora, Mexico. Led by geologists Jorge Rafael Gallardo, Brian Brewer, and Mark Bailey, the program targets high-chargeability anomalies and high-grade polymetallic sulfides, aiming to unlock significant silver, gold, copper, lead, and zinc mineralization across two structural systems.

Roberto Resources reported results from its first-phase rock-chip and soil sampling on the Janampalla Property in Perú, finding multiple rock samples with significant copper values (many >1 % Cu, some >10 % Cu) and anomalous silver and lead. Soil samples were mostly low, but the rock results suggest strong copper–silver–lead potential, guiding future exploration.

Galore Resources Inc. updates on its Dos Santos Project in Mexico, with ongoing 5,000-meter drilling at Los Gemelos/Duraznillo. Initial drill core shows promise, with assays pending. The company plans to process 25,000 tonnes of mineralized rock, explores joint ventures, ore-sorting technology, satellite imaging, and drilling expansion, targeting significant copper-gold deposits.

Fuerte Metals reported diamond drill results at its Cristina Project in Chihuahua, Mexico, including highlights like 8.5 g/t AuEq over 4.0 m, 6.1 g/t AuEq over 1.7 m, and 6.1 g/t AuEq over 1.4 m, expanding high-grade zones within the Guadalupe and Los Ingleses vein systems. These findings support continued resource growth across multiple vein structures.

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.”