Mercado Minerals Ltd. has begun its first field exploration at the Copalito Project in Sinaloa, Mexico, including mapping, prospecting, re-sampling historic core, re-logging, and refining drill targets. The company aims to start a ~3000 m Phase 1 diamond drill program in Q1 2026 and will verify historical data while advancing logistics for drilling.
Regency Silver recap for 2025: Raised over $8M in financings, appointed Bruce Bragagnolo as CEO, and advanced the Dios Padre project in Sonora, Mexico. Drilling resumed in October, completing 5 holes (3,723m) with the final hole intersecting broad breccia zones extending toward historic workings. The company is fully funded and permitted for expanded 2026 exploration.
Kingsmen Resources Ltd. reported a new high-grade silver discovery at its Las Coloradas project (Parral district, Chihuahua, Mexico). Drill hole LC-25-004 hit 3.15 m at 241 g/t silver equivalent, including 1.15 m at 525 g/t AgEq and 0.185 g/t gold, from shallow depths. The DBD zone shows strong potential with further drilling planned.
Kingsmen Resources reported a new high-grade silver discovery at its Las Coloradas project in Chihuahua, Mexico. Drill hole LC-25-004 intersected 241 g/t silver equivalent over 3.15 m, including 525 g/t AgEq over 1.15 m, from a shallow depth (~70 m), with additional anomalous gold and strong mineralization suggesting further discovery potential and plans for more 2026 drilling.
Pinnacle Silver and Gold reports strong progress at its El Potrero gold-silver project in Durango, Mexico after acquiring up to 100 % of the property. In 2025 it established a large, high-grade epithermal system, completed extensive sampling and geological work, advanced metallurgy and permitting, and now plans underground and surface drilling in 2026 to advance toward production.
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.
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