Pinnacle Silver and Gold Corp. reported strong progress at its El Potrero gold-silver project in Durango, Mexico, defining a large low-sulphidation epithermal system over ~1.6 km. Extensive mapping and sampling returned high-grade results, supporting planned underground drilling, metallurgy, and permitting as the project advances toward the next exploration stage.
Heliostar Metals provides 2026 guidance: 50,000-55,000 oz gold production from La Colorada (20,000-22,300 oz) and San Agustin (30,000-32,700 oz), with cash costs $1,850-$1,950/oz and AISC $2,025-$2,125/oz. Growth plans include Veta Madre pre-stripping, Ana Paula Feasibility Study advancement with decline extension, and $27M exploration funded by operations, targeting future production increases.
Canasil Resources plans a $500,000 private placement by issuing 10 million common shares at $0.05 each, with no warrants included. Insiders and existing shareholders may participate, and finders’ fees could be paid. Proceeds will support operations and exploration for silver-gold-copper projects in British Columbia and Mexico. The company expects to close before January 23, 2026.
Canasil Resources Inc. (TSXV:CLZ.H) announces 2026 plans to advance its gold-silver-copper portfolio amid high metal prices: pursue TSX-V Tier 2 reinstatement (Q1); await Amarc’s Brenda (BC) option extension by Feb 4 ($400K payment); advance Lil silver project (BC, Q3-Q4); drill 2,450m at Vizcaino gold-silver (Durango, Mexico, Q2); seek permits and plan drilling for La Esperanza silver-gold-base metals and Salamandra silver-copper-zinc (Mexico, Q1). Actively seeks financing.
Bear Creek Mining congratulated Chair Catherine McLeod-Seltzer on her induction into the Canadian Mining Hall of Fame. Recognized for raising over $750 million in capital and building successful companies—including the $1.1 billion sale of Arequipa Resources to Barrick—she has also served in leadership roles at Teck Resources and Kinross Gold.
Chesapeake Gold Corp. (TSXV: CKG) upsizes its bought deal public offering to $15 million (3,571,500 units at $4.20 each). Each unit includes one share and one-half warrant (exercisable at $5.65 for 36 months). Adds non-brokered private placement up to $2.877M with Eric Sprott participation. Proceeds advance oxidative leach technology, Metates and Lucy projects, and working capital. Closing expected ~January 27, 2026.
Canasil Resources Inc. (TSXV: CLZ.H) reviews a positive 2025: revoked CTO, resumed TSX-V trading (September 25, 2025), executed 5-year option agreement with Amarc for Brenda gold-copper project (Amarc earning 100%, Canasil retains 2% NSR), and completed surveys on Lil silver project. Amarc advanced JOY District with Freeport. Looks forward to advancing gold-silver-copper portfolio in BC and Mexico in 2026; separate news release on programs to follow.
Luca Mining Corp. reported strong drill results at Campo Morado, including 55.8 m of 5.90 g/t AuEq (with 7.7 m of 10.09 g/t) in hole CMRF25-15, confirming wider, higher-grade gold-rich mineralization near infrastructure. The company has expanded the program, adding a second rig and 10,000 m of drilling to test high-priority targets.
Pacifica Silver Corp. launched a 12,000m Phase II diamond drill program at its Claudia Silver-Gold Project in Durango, Mexico, starting January 15 with three rigs. Following the completed 7,992m Phase I, it will expand high-grade zones and test new southern targets, backed by ongoing exploration including mapping, LiDAR, and IP surveys.
Riverside Resources Inc. outlines a strong 2026 outlook, building on 2025 successes: Blue Jay Gold spin-out, partner-funded Mexico exploration, and C$3.7M strategic investment (including Rick Rule/Sprott). With no debt and ~93M shares, the company plans to advance Canadian/Mexican assets and grow its royalty portfolio through disciplined transactions.
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