By Jorge Cirett

During the 39^th week of the year (September 26^th to October 2^nd, 2022), only 10 companies working in Mexico released news on their properties, almost equating the lowest number published since this weekly review commenced seven years ago. Two companies posted exploration advances on their properties, there were no relevant news in mining and financing, three companies released drilling results, updated about exploration on their advanced properties. Two companies informed on the acquisition of properties.  ON MEXICO ISSUES, an accident in the Clarines Navidad mine in Durango resulted in the death of a worker and injury of a second one. ON EXPLORATION, in Sonora, Silver Spruce released drilling results from Diamante; Infinitum Copper informed on drilling results from La Adelita. ON MINING, no relevant news. ON FINANCING, no relevant news.  ON RESOURCES AND DEVELOPMENT, Endeavour Silver reported drilling results from the Santa Cruz vein – El Curso, at Guanaceví, in Durango. Silver Tiger released drilling results from El Tigre Au zone, the Seitz Kelly vein and El Tigre vein, at El Tigre, in Sonora. Discovery Silver announced the results of the final holes of the phase 2 drill program at Cordero, in Chihuahua, and informed on the property wide exploration. ON DEALS AND CORPORATE ISSUES, Canuc Resources acquired three mining concessions adjacent to its land package at its San Javier project in Sonora. Regency Silver entered into an option agreement to acquire the Oso Blanco claims, adjacent to its Dios Padre property in Sonora. ON SOCIAL RESPONSIBILITY, no relevant news.

ON MEXICO ISSUES

• The Coordinación Nacional de Protección Civil informed on the death of one worker at the Clarines Navidad mine in Indé, Durango. The incident involved a rock fall while underground drilling was being performed, with one other worker resulting with injuries.

ON EXPLORATION

• Silver Spruce Resources Inc. along with partner Colibri Resources Corp. released drilling results from its Diamante project in Sonora. The reverse circulation (RC) drilling tested La Prieta target, with highlighted hole length intersections of 9.0 m @ 2.48 gpt Au, 57 gpt Ag, 0.7% Pb, 0.3% Zn; 13.5 m @ 0.56 gpt Au, 38 gpt Ag, 0.8% Pb, 1.8% Zn; 10.5 m @ 0.63 gpt Au, 39 gpt Ag, 0.6% Pb, 1.6% Zn; 9.0 m @ 0.55 got Au, 15 gpt Ag, 0.2% Pb, 0.4% Zn; 3.0 m @ 1.36 gpt Au, 87 gpt Ag, 0.9% Pb, 1.7% Zn; 6.0 m @ 0.64 gpt Au, 11 gpt Ag, 0.2% Pb, 0.3% Zn. “Geological features of epithermal Au, low to intermediate sulphidation Ag-Au (Pb-Zn), high sulphidation Au-Cu, and potential porphyry style Au-Cu occur as disseminated, stockwork and vein styles. Most drill targets are polymetallic vein style with precious metal-dominant targets also identified at Calton, El Chon and Aguaje.”
• Infinitum Copper Corp. reported diamond drilling results from La Adelita, in Sonora. The highlighted true width (TW) results from the two holes comprise 32.25 m @ 1.01% Cu, 0.52 gpt Au, 40 gpt Ag (including 17.05 m @ 1.68% Cu, 0.83 gpt Au, 59 gpt Ag); 19.30 m @ 0.54% Cu, 0.31 gpt Au, 23 gpt Ag. “The skarn alteration is dominated by grossularite-andradite garnet with 5% to 20% associated magnetite. Copper mineralization associated with the skarn consists of chalcocite, chalcopyrite and bornite disseminated in the matrix between crystalline garnet and in later quartz-calcite veinlets”.

ON MINING

• No Relevant News.

ON FINANCING

• No Relevant News.

ON RESOURCES AND DEVELOPMENT

• Endeavour Silver Corp. reported drilling results from its Guanaceví property in Durango. The program focused on the El Curso area of the Santa Cruz vein. Highlighted true width (TW) intervals comprise 1.16 m @ 3.50 gpt Au, 1,150 gpt Ag; 7.28 m @ 3.54 gpt Au, 1,129 gpt Ag (including 0.43 m @ 25.4 gpt Au, 7,80 gpt Ag) on the El Curso area of the Santa Cruz vein and 2.43 m @ 1.43 gpt Au, 967 gpt Ag; 1.17 m @ 1.60 gpt Au, 1,460 gpt Ag from Porvenir Dos. “The 2022 drill program has continued to focus on the El Curso property, establishing lateral and vertical extents of the mineralized zone between the Porvenir Cuatro and Milache mines”.
• Silver Tiger Metals Inc. released drill results from El Tigre, in Sonora. The targets drilled include El Tigre Au zone, the Seitz Kelly vein and El Tigre vein. Highlighted core length results comprise 0.7 m @ 0.23 gpt Au, 1,204 gpt Ag, 0.55% Cu, 3.2% Pb, 1.1% Zn; 0.5 m @ 2.30 gpt Au, 835 gpt Ag; 19.3 m @ 0.46 gpt Au, 11 gpt Ag; 8.0 m @ 0.40 gpt Au, 25 gpt Ag; 37.1 m @ 0.20 gpt Au, 7 gpt Ag; 14.4 m @ 0.25 gpt Au, 1 gpt Ag; 27.9 m @ 0.50 gpt Au, 26 gpt Ag (including 3.60 m @ 1.45 gpt Au, 144 gpt Ag); 1.5 m @ 0.12 gpt Au, 498 gpt Ag, 0.27% Cu, 1.5% Pb, 0.5% Zn; 19.5 m @ 0.74 gpt Au, 48 gpt Ag; 35.5 m @ 0.24 gpt Au, 110 gpt Ag (including 8.1 m @ 0.45 gpt Au, 392 gpt Ag, 0.3% Pb); 11.7 m @ 0.69 gpt Au; 10.9 m @ 0.58 gpt Au, 6 gpt Ag; 5.9 m @ 0.37 gpt Au, 86 gpt Ag (including 0.5 m @ 2.82 gpt Au, 36 gpt Ag.
• Discovery Silver Corp. announced the results of the final 26 holes from the phase 2 drill program at Cordero, Chihuahua. Several of the holes are below the previously modeled resource pit, demonstrating the expansion potential at the project. Highlighted core length intervals comprise 50.0 m @ 58 gpt Ag, 0.21 gpt Au, 0.7% Pb, 0.4% Zn; 58.3 m @ 99 gpt Ag, 0.33 gpt Au, 1.6% Pb, 1.0% Zn; 48.3 m @ 100 gpt Ag, 0.63 gpt Au, 1.8% Pb, 0.8% Zn; 42.2 m @ 76 gpt Ag, 0.06 gpt Au, 1.0% Pb, 2.4% Zn; 40.2 m @ 75 gpt Ag, 0.14 gpt Au, 1.2% Pb, 1.1% Zn; 124.7 m @ 37 gpt Ag, 0.04 gpt Au, 0.4% Pb, 1.6% Zn on the PEA pit upgrade and expansion drilling, and 58.2 m @ 21 gpt Ag, 0.05 gpt Au, 0.2% Pb, 1.0% Zn; 17.3 m @ 25 gpt Ag, 0.12 gpt Au, 0.3% Pb, 3.1% Zn; 40.6 m @ 35 gpt Ag, 0.07 gpt Au, 1.5% Zn; 42.2 m @ 76 gpt Ag, 0.06 gpt Au, 1.0% Pb, 2.4% Zn; 86.4 m @ 32 gpt Ag, 0.02 gpt Au, 0.1% Pb, 2.2% Zn on the resource expansion drilling. The property wide exploration program includes geological mapping 2,190 rock samples, 3,639 soil samples, geophysics and diamond drilling. The main areas of surface exploration are Sanson, Pórfido Norte, Dos Mil Diez, Molino de Viento and La Perla. With the phase 2 program, 293,000 m of drilling have been completed in 735 holes in the project.

ON DEALS AND CORPORATE ISSUES

• Canuc Resources Corp. signed agreements to acquire three additional claims at its San Javier project in Sonora. With an area of 104.5 hectares, the newly acquired claims take the total land position of Canuc to 956.4 hectares. No details were given on the deals.
• Regency Silver Corp. entered into an option agreement to acquire the Oso Blanco claims in Sonora. The 5,650 hectares are in contiguous to the company’s Dios Padre project. Regency has to pay $500 K over five years, pay back taxes estimated at US$500 K and issue a total of 1 M common shares over 36 months. A US$1 M bonus will be paid upon the publication of a NI 43-101 resource of more than 70 M Oz AgEq or more than 1 M Oz AuEq in the measured or indicated categories.

ON SOCIAL RESPONSIBILITY

• No Relevant News.

On the image below: Rock fragment within a breccia displaying a quartz veinlet in the Sonoran Desert. Picture by Jorge Cirett.