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.
Silver Tiger Metals Inc. released its 2024 summary and 2025 outlook on January 3, 2025: Key 2024 achievements include PFS for open pit (US$222M NPV, 40% IRR), updated MRE (200 Moz AgEq), and underground drilling start. 2025 plans: Complete 5,000m underground drilling, deliver underground PEA in H1, secure financing, and advance to construction decision.
Commenting on these announcements today, Mr. Gary C. Evans, Chairman & CEO stated, “We believe the quantities of antimony ore from this second international party will increase significantly over the ensuing months.”
Inomin Mines Inc. announces that it has closed the first tranche of its non-brokered private placement announced on November 7, 2024. Under the First Tranche, the Company issued 2,000,000 flow-through units at a price of $0.05 per FT Unit for gross proceeds of $100,000.
First Majestic Silver Corp. announces that Gatos Silver, Inc. has advised the Company that it has amended and restated its agreements with Dowa Metals & Mining Co., Ltd. regarding the Los Gatos Joint Venture.
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.”
Commenting on this new agreement and the plans to restart the Madero smelter, Mr. Gary C. Evans, Chairman & CEO stated, “Our team has been tirelessly sourcing these new inbound antimony supplies for over 120 days now. It has not been an easy task testing samples, negotiating contracts, and finalizing logistics with entities located outside the USA.”
Madoro Metals Corp. is pleased to announce that the Company has successfully executed on a judgement awarded by the Supreme Court of British Columbia regarding several Mexican properties that Madoro had optioned.
“November results continue to reflect the operational changes the Company has been implementing at San Jose de Gracia, in particular strong underground mine development which increases the flexibility of our daily mine operations,” stated Rohan Hazelton, President & CEO DynaResource.
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