Capitan Silver Corp. announced its 2025 Phase 1 exploration program at the Cruz de Plata silver project in Mexico, funded by C$5.3M financing. It includes 10,000m RC drilling targeting Jesus Maria vein extensions, Gully Fault zone, and new parallel structures. An updated MRE for Capitan Hill gold deposit is planned for Q2 2025.
Mithril Silver and Gold Limited (ASX:MTH, TSXV:MSG) reports high-grade intercepts at Target 1 (La Soledad), Copalquin, Mexico: 4.95m @ 20.5 g/t Au, 1,833 g/t Ag (incl. 0.55m @ 110 g/t Au, 7,530 g/t Ag) in hole MTH-ES25-11, and 2.55m @ 9.97 g/t Au, 571.8 g/t Ag in MTH-ES25-10. Part of 35,000m 2025 drilling for resource update.
In aggregate, the Company has issued 37,749,899 Units for aggregate gross proceeds of $2,831,242.43 to date in the Offering, inclusive of the first closing, second closing and third closing.
“With the filing of this highly detailed feasibility study, it highlights all the great work our technical team has completed over the last 6 years starting with the initial discovery building to a very large silver-gold resource.”
Quetzal Copper Corp. closed a financing on February 28, 2025, raising $2,437,499 by issuing 11.47M flow-through units at $0.17 and 3.25M non-flow-through units at $0.15. Units include half-warrants ($0.25 exercise, 24 months). Proceeds fund exploration at Princeton and Dot projects in BC.
Canasil Resources Inc. is pleased to announce that Gary Nordin has agreed to join the Company’s Board and David Cross has agreed to act as CFO. Alvin Jackson will continue as a Director, Bahman Yamini will continue as a Director and President & CEO, and Graham Scott will continue as Corporate Secretary. Previous Directors Michael McInnis and Arthur Freeze, and previous CFO Kerry Spong are no longer with the Company.
“We are excited to welcome both Lance and Rod to our Board,” comments Gil Clausen, Plata Latina’s Chair of the Board. “Lance’s extensive technical experience, particularly in due diligence and corporate development, will be invaluable as we actively evaluate strategic opportunities. Our Board is further complemented by Rod’s vast mining experience around the world, particularly in the U.S.A. We value the deep knowledge and relationships he has in the U.S. mining industry. Rod’s expertise will also play a key role as we seek to grow the Company.”
Chairman and CEO, James Anderson said, “We have identified a greater than two-metre wide mining block at Santo Nino consisting of significant tonnage and grade. Further exploration potential west of this new production area is highly prospective and will remain at the forefront of our exploration campaigns throughout 2025.”
Canasil Resources Inc. (Feb 28, 2025) appointed Gary Nordin as Director (experienced geologist, former VP Exploration) and David Cross (CPA, CGA with 28+ years in junior mining finance) as CFO. Previous directors Michael McInnis and Arthur Freeze, and CFO Kerry Spong departed. Company remains under cease trade order.
“We are excited about the acquisition of the Sarape Project, which has potential to be very similar to SilverCrest’s Las Chispas deposit and other robust deposits in Mexico and offers asymmetric upside potential for the discovery of silver and gold mineralization at depth,” stated Joanne Freeze, CEO of Xali Gold.
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