At its Gran Pilar project in Sonora, Tocvan drilled 106.8 m grading 0.50 g/t gold and 3.5 g/t silver within a broader 271.5 m interval. The hole extends El Mezquite mineralization 130 m north of the discovery hole. The trend is now traced for about 1.4 km and remains open.
Silver Spruce Resources received conditional TSX Venture Exchange approval to settle $20,000 in debt by issuing 210,526 shares at a deemed price of $0.095 each. The settlement remains subject to final exchange approval; the shares will carry a four-month hold period.
Kingsmen Resources reported 218 g/t silver equivalent over 6.45 metres at its Las Coloradas project in Chihuahua, including 338 g/t over 1.95 metres. The hole intersected the newly identified #8 structure, 150 metres west of an earlier high-grade drill hole, adding evidence of mineralization across multiple structures.
Silver Dollar Resources proposes extending the expiry of 3,022,600 warrants by one year, to October 29, 2027. The $0.40 exercise price would remain unchanged. The extension requires applicable CSE acceptance and agreement from each eligible holder; warrants held by those who do not meet the conditions would expire as originally scheduled.
Aztec Minerals closed an upsized C$6.4 million bought deal private placement, selling 20.01 million units at C$0.32 each. The total includes full exercise of the underwriter’s option. Aztec plans to use the proceeds for exploration at its Tombstone project in Arizona and Cervantes gold-copper project in Sonora, and for working capital.
Vortex Metals increased its private placement from C$1 million to C$1.4 million after investor demand. It has raised C$485,500 and plans to close the remaining C$914,500 by October 24. Proceeds will support exploration in Chile and Mexico, corporate development, and working capital.
Minaurum has rehabilitated more than 600 metres of the historic Promontorio mine’s main haulage level and gained access to its 55-metre-deep Balvanera shaft at the Alamos project in Sonora. Preliminary underground channel samples include 0.30 metres grading 4,142 g/t silver equivalent. The access enables further mapping and sampling of the vein system.
Kootenay Silver reports new Lupe Vein intercepts at its Columba project in Chihuahua, including 94 g/t silver over 84.45 metres and 209 g/t over 8.3 metres. Lupe has been traced for roughly 520 metres along strike and 450 metres vertically and remains open. More than 30,000 metres of the planned 60,000-metre program are complete.
Chesapeake Gold reports that tests of its heap oxidation process at Metates, Durango, achieved 70% gold and 61% silver recovery from the main intrusive domain in 90 days, versus 240 days in earlier testing. It is evaluating further improvements for a planned prefeasibility study and testing the process on six third-party projects.
Mammoth Resources has collected a 200 kg metallurgical sample from the Carneritos area of its Tenoriba gold-silver project in Chihuahua. The sample will undergo vat and column leach testing at the Universidad de Sonora to assess recovery options for potential small-scale production. The company also reviewed drill core, site access and plans to renew surface access agreements.
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