During the third week of March four companies released results from drilling campaigns on three projects in Mexico.

Mithril Silver and Gold announced drill results for the Target1 resource expansion program at its Copalquin project in Durango. The company intends to drill 35,000 m at the project in 2025, in an expansive program to test multiple targets and to complete drilling to update the maiden resource on Target 1 by the end of Q1 2025. Drilling is planned to commence with the second drill rig at the Target 2 area by April 2025. Copalquin displays clear low sulfidation epithermal mineralization.

Tocvan Ventures and Colibri Resource released results from two more holes drilled at the Gran Pilar project in Sonora. The intercepts on the table below are within Tocvan’s majority owned Main Zone (which Colibri names El Pilar in its press release). Not explicitly stated but suspected from information gathered on previous press releases, mineralization appears to be of epithermal/mesothermal character, distal to a porphyry copper system.

Fuerte Metals reported results of ten holes at its Cristina project in Chihuahua. “Fuerte has now reported forty holes totalling 10,314 metres of drilling as part of an approximately 21,000 metre drill program. The Cristina project consists of multiple outcropping quartz veins that are frequently greater than 10 metres in width and extend for at least a five-kilometre strike length. Four parallel mineralized vein zones have been mapped and sampled to date, with most of the existing mineral resource estimate at Cristina contained within only one of the vein zones, the Guadalupe vein”. The company depicts the deposit as epithermal to mesothermal, but the geology described in the technical report points to an epithermal/mesothermal deposit distal to/or overlapping a porphyry copper system.