Heliostar CEO Charles Funk comments, “We have always wanted to push harder at Ana Paula, and now we can commence the largest drill program in the Company’s history. We see potential to further improve the resource at Ana Paula.”
Vizsla Silver Corp. announced on March 31, 2025, a new high-grade discovery on the Animas Vein, 6 km northeast of Copala at its Panuco project in Mexico. Hole AM-25-90 intersected 897 g/t AgEq over 5.85 m true width, including 2,256 g/t AgEq over 1.13 m. Further drilling planned.
Silver Dollar Resources Inc. has, subject to regulatory approval, granted stock options to directors, officers and consultants to purchase up to 2,050,000 shares of the Company at a price of $0.30 per share until March 28, 2030.
For the second tranche, the Company issued an additional 2,583,330 units at CAD $0.30 per Unit for gross proceeds of approximately CAD $774,999. In aggregate, the Company has issued 25,916,664 Units for gross proceeds of approximately CAD $7,774,999 inclusive of the first tranche closing and second tranche closing.
Heliostar Metals Ltd. closed a bought deal equity financing on March 28, 2025, raising gross proceeds of $19.5 million through issuing 19,500,000 common shares at $1.00 each. Proceeds will advance Mexican project development, including drilling at Ana Paula, and general corporate purposes.
GoGold Resources Inc. announced results of its annual meeting held March 27, 2025. Shareholders re-elected all directors: John Turner, Bradley Langille, Phillip Gaunce, Jorge Aguirre, Terrence Cooper, Douglas Reid, and Karen Flores. KPMG LLP was re-appointed as auditors.
Discovery Silver Corp. shareholders overwhelmingly approved (99.85% of votes) the issuance of shares for acquiring Newmont Corporation’s Porcupine Complex. The resolution passed at the special meeting on March 27, 2025, with the deal expected to close in H1 2025.
Kingsmen Resources completed a successful 3D IP (induced polarization-resistivity) survey at its 100 %-owned Las Coloradas project in the Parral mining district of Chihuahua, Mexico. The survey identified five new high-priority drill targets tied to strong chargeability/resistivity zones and helped define targets for an initial 14-hole drilling program, boosting confidence in exploration planning.
Americas Gold & Silver reported 2024 revenue of US$100.2 M with 1.7 Moz of silver production and all-in sustaining costs of about $28/oz, but a net loss of US$48.9 M. It completed 100% acquisition of the Galena Complex, strengthened leadership, and expects increased production and cost improvements in 2025.
Tony Makuch, Discovery’s CEO, commented: “2024 was a transformational year for Discovery as we work towards becoming a highly profitable North American precious metals producer.”
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