Category: Exploration and Development

“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.

Greg McKenzie, President and CEO, commented: “We are very pleased with the results from San Nicolas and C550. At San Nicolas, through holes Q-24-054 and 056, we have extended high-grade mineralization up to 70 m above the last mined stope in the area, and this mineralization is open to the southeast.”

Vizsla Silver Corp. announced on January 6, 2025, a 43% increase in Measured & Indicated resources at Panuco to 222.4 Moz AgEq (12.96 Mt at 534 g/t AgEq), including first Measured category of 46.1 Moz AgEq (640 g/t). Inferred: 138.7 Moz AgEq; effective September 9, 2024.

Greg Davison, Silver Spruce Vice-President Exploration and Director stated, “We were pleased to identify Ag-Pb-Zn±Au vein-controlled mineralization within extensions to the previously drilled areas at La Prieta and El Pillado and two new opportunities for widening the target testing at El Pillado South and Mezquite-Raizudo based on the geological and geophysical interpretations and look forward to expanding future ground exploration of other known anomalous areas.”

Ian McGavney, President & CEO of Colibri commented, “We continue to believe that Pilar holds the potential to be a near term producing asset and are excited to move forward with our partner Tocvan Ventures to unlock its potential. The data generated in the current program will be extremely useful in furthering our understanding of the deposit and developing additional targets for its growth.”

Galore Resources Inc. has begun diamond core drilling at its 100% owned Los Gemelos/Duraznillo prospect in Zacatecas State, Mexico. The first two bore holes of a planned 5,000-meter drill program will be drilled at Galore’s previously mined area, which is one of several key targets comprising Galore’s Dos Santos claims.

Greg McKenzie, President and CEO, commented: “We are pleased with the infill drill results confirming the extension of the high-grade sulphide zone 100 m below the last mined stope in the San Marcos mine. Results from the four holes in this area indicate that mineralization is becoming wider at depth than the previously mined horizons.”

Heliostar CEO, Charles Funk, commented, “Recommencing mining operations at La Colorada is a key step for Heliostar to start 2025. The plan to recommence crushing and stacking, paused since September 2023, will drive the Company’s guidance forecast next year.”

Tim Warman, Atacama’s CEO, commented: “The Los Ingleses and Mexico Libre veins have seen very little drilling to date, so it’s especially encouraging to see multiple high-grade intercepts from both these areas, especially the gold-rich intercepts at Mexico Libre. The current drilling program has been extremely successful thus far in discovering, defining and extending the higher-grade zones that we’ve encountered in all the vein systems we’ve drilled to date.”