Gold

The Mining and Exploration News in Mexico: Highlights on the Second Week of April, 2026

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Quartz blade texture

By Miguel A Heredia

During the 15th week of the year (April 6 to April 12, 2026), at least 21 press releases were issued by companies operating in Mexico, along with one news article published by the media. Of these, five related to deals and corporate matters, five reported production results, four presented exploration results, three addressed Mexico-related issues, three announced financing activities, and two covered resource and development updates. ON MEXICO ISSUES, Vizsla provided an update on the situation in Concordia, Sinaloa, confirming that nine colleagues have been found deceased and one remains still missed. Mithril reported an incident where their CEO and two employees experienced on-ground gunfire damage to their plane while flying near Chihuahua, about 30 km from their Copalquin project site in Durango. Rescue operations continue amidst extreme conditions at the Santa Fe mine located in the Municipality of El Rosario, Sinaloa. Last April 8th, authorities reported the successful rescue of a second miner found alive and confirmed the discovery of a third worker who had perished, while the search persists for the final miner who remains trapped. ON EXPLORATION, In Sonora, Tocvan mobilized a second RC drill rig to its flagship Gran Pilar Gold-Silver Project, to accelerate their fully funded 20,000m drilling program by enabling parallel testing of multiple high-priority targets, primarily in the South Block area, and Masivo Silver completed and extended its first diamond drill hole (CC-26-001) at its Cerro Colorado project, intersecting a significant 35.1m interval of visible mineralization characterized by quartz veinlets and sulphide minerals such as pyrite, sphalerite, freibergite, galena, and minor chalcopyrite, accompanied by a strong sericite -smectite alteration.  In Chihuahua, Kingsmen acquired 100% interest in the Claudia 2 mining concession, free of any royalty, at its Las Coloradas project.  In Durango, Mithril released drill results from its Copalquin project, confirming high grade and widespread silver and gold at Target 3. ON MINING, Endeavour Silver reported Q1, 2026 results from their Mexican operations. Aura announced preliminary Q1, 2026 production results from its Aranzazu mine in Zacatecas. First Majestic reported Q1, 2026 production results from their underground mines in Mexico.  Teck informed that it plans to release Q1, 2026 results on April 23, 2026. Torex Gold reported Q1, 2026 AuEq production of 100,874 Oz and AuEq sales of 109,222 Oz. ON FINANCING, Avino announced its intention to make a Normal Course Issuer Bid to repurchase, for cancellation up to an aggregate of 8,428,566 common shares. Sonoro Gold announced a private placement for gross proceeds of CAD $11M. Vortex Minerals closed the first tranche of its previously announced non-brokered private placement for gross proceeds of CAD $479,900. ON RESOURCES AND DEVELOPMENT, Heliostar drilled 101m of 5.34 g/t Au in the Ana Paula Expansion Zone in Guerrero; to date, it has completed 84 holes and 28,318m as part of its ongoing 2025-26 drill program at Ana Paula project. Orogen Royalties, which holds a cash-flowing 2% net smelter return royalty at Ermitaño—a property operated by First Majestic in Sonora—announced an updated Mineral Reserve and Resource Estimate.  ON DEALS AND CORPORATE ISSUES, Mexican Gold appointed Holgren Lai as Chief Financing Officer of the company. Torex Gold announced the appointment of Jacques Perron to its Board of Directors. Mexican Gold and Alcon entered into an arrangement agreement to create a diversified precious metals exploration company. Pacifica Silver informed that it has adopted a semi-annual financial reporting, effective immediately. Sonoro Gold acquired a 100%binterest in the Diana mining concession, located adjacent to the central-eastern boundary of its Cerro Caliche project in Sonora. ON SOCIAL RESPONSIBILITY, No relevant news.

ON MEXICO ISSUES

ON EXPLORATION

  • Tocvan Announces Addition of Second Drill Rig and Accelerates High Priority Drill targets at Flagship Gran Pilar Gold-Silver Project: Tocvan Ventures Corp
  • Masivo Silver Extends and Completes First Hole at Cerro Colorado Project: Masivo Silver Corp
  • Kingsmen Acquires 100% Ownership of the Claudia 2 Claim, Adding Never-Drilled Saddle target and District-Scale Extension to Las Coloradas Silver-Gold Project: Kingsmen Resources Ltd
  • Mithril Confirms High-Grade and Widespread Silver and Gold at target 3, Copalquin Project: Mithril Silver and Gold Limited

ON MINING

ON FINANCING

  • Avino Announces Normal Course Issuer Bid for common shares: Avino Silver & Gold Mines Ltd
  • Sonoro Gold Announces Fully-Committed $11 Million Private Placement & 50,000 METER Drilling Program: Sonoro Gold Corp
  • Vortex Metals Closes First Tranche of Non-Brokered Private Placement and Announces Warrant Extension: Vortex Metals Inc

ON RESOURCES AND DEVELOPMENT

  • Heliostar Drills 101 Metres Grading 5.34 g/t Gold in the Ana Paula Expansion Zone: Heliostar Metals Ltd
  • Orogen Royalties Announces Mineral Reserve and Resource Update on Producing Ermitaño Royalty: Orogen Royalties Inc
  • Sonoro Gold Announces Further Expansion of Cerro Caliche Gold Property: Sonoro Gold Corp

ON DEALS AND CORPORATE ISSUES

ON SOCIAL RESPONSIBILITY

  • No relevant news.

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture below, quartz vein displaying boiling texture in a low-sulphidation epithermal vein system in Guanajuato, Mexico. Photo taken by Miguel A Heredia.

Mexico’s Best Gold Drilling Intercepts, First Quarter 2026

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Twenty one companies released results from drilling programs in Mexico during the first quarter of 2026. The highest gold intercept was at Heliostar’s Ana Paula project in Guerrero, with more than 55 m averaging 9.71 gpt Au, including a 10.9 m subinterval over 38 gpt Au. Ana Paula, which is part of the Guerrero Gold Belt, presents skarn and replacement mineralization with significant gold in sulfide rich breccias, with an uncommon late epithermal overprint. Other projects displaying skarn mineralization include Adelita in Sonora and Cerro Las Minitas in Durango. The only volcanogenic massive sulfides (VMS) deposit in the list is Campo Morado, in Guerrero, which attained a well-deserved second place with its long multigram gold intervals.

Epithermal systems represent 70 percent of the entries in the table below. High sulfidation deposits are the least numerous within the epithermal cohort in Mexico, but when economic, tend to be reasonably big and present in clusters. The three deposits here: Halcón, Cerro Pelón and Puerto del Aire (PDA) are in the Mulatos District in Sonora, and within the six top positions in the table. Intermediate sulfidation epithermal deposits are the most numerous, although more common in the lower part of the table, and include Tahuehueto, La Colorada (Zacatecas), Cusi, La Preciosa, San Acacio, Alamos Silver and Las Coloradas. Low sulfidation epithermal deposits include La Virginia, Yoquivo, Copalquín and Claudia. Cruz de Plata presents discrete intermediate and low sulfidation mineralization, while Panuco is dominated by low sulfidation mineralization but presents locally intermediate sulfidation characteristics.

Orogenic gold deposits are represented by EP (El Plomo) and La Unión, (proposed here) in Sonora. Finally, Dios Padre, also in Sonora, is a strongly zoned breccia distal to a porphyry copper system.

Summarizing, seventeen of the twenty-four projects on the list are epithermal systems, three present some type of skarn mineralization, two show orogenic gold style characteristics, one is a breccia related to a porphyry copper system and one, the top of the list, is a volcanogenic massive sulfides deposit.

The Mining and Exploration News in Mexico; Highlights on the First Week of April 2026

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By Jorge Cirett

During the 14th week of the year (March 30th to April March 5th, 2026), companies working in Mexico released 25 press releases. Five companies informed on early-stage property work on four properties, four companies presented quarterly and/or full-year 2025 reports one provided 2026 guidance and one more provided Q1 2026 results. One Company updated on a financing round, another one informed on a revolving credit facility and one more announced trading on a new market. Three companies presented drilling results on their advanced projects and one more initiated drilling, one more announced increased resources and two more reported updated MREs.  One company is to change name. ON MEXICO ISSUES, no relevant news. ON EXPLORATION, in Sonora, Tocvan Ventures encountered gold mineralization in RC drilling one km from the main zone at Gran Pilar; Questcorp Mining and Riverside Resources commenced phase II exploration at La Unión; Algo Grande Copper reported drilling results from Adelita. ON MINING, Americas Gold and Silver (Cosalá, Sinaloa), Golden Minerlas (sold Velardeña, Durango), Dyna Resource (San José de Gracia, Sinaloa) and Santacruz Silver presented full year 2025 results, while Alamos Gold (Santana, Sonora) provided Q1 2026 results. Royal Gold provided 2026 guidance. ON FINANCING, three companies informed on financing movements: Minera Alamos executed a term sheet for a US$75 M revolving credit facility. Silver Spruce Resources closed the C$739 K first tranche of a non-brokered private placement. Elemental Royalty is to commence trading on the Toronto Stock Exchange.  ON RESOURCES AND DEVELOPMENT, Americas Gold and Silver informed on drilling results at Cosalá, in Sinaloa. Minaurum Silver delivered drill results from the resource expansion drilling at Alamos Silver in Sonora. First Majestic Announced 2025 mineral resource estimates for Los Gatos (Chihuahua), Santa Elena (Sonora), San Dimas (Sinaloa) and La Encantada (Coahuila), for a consolidated 843 M Oz AgEq. Zacatecas Silver commenced drilling at its Zacatecas Silver project in Zacatecas. Southern Silver released drilling results from Cerro Las Minitas in Durango. Capitan Silver delivered results from RC drilling at Cruz de Plata in Durango. Aura Minerals Reported mineral resource estimates, with 246,400 Oz Au, 278.2 M Lb Cu, 7 M Oz Ag in reserves, 180,800 Oz Au, 185.3 M Lb Cu, 4.5 M Oz Ag in measured and indicated resources and 86,120 Oz Au, 104.9 M Lb Cu, 2,7 M Oz Ag in inferred resources. ON DEALS AND CORPORATE ISSUES, Axo Copper is to change name to Axo Metals. ON SOCIAL RESPONSIBILITY, no relevant news.

ON MEXICO ISSUES

No Relevant News

ON EXPLORATION

  • Tocvan Discovers New Gold-Silver Zone 1,600 Metres from Main Zone at South Block Gran Pilar; First Aggressive Step-Out Drilling Intersects Mineralization from Surface (Gran Pilar, Sonora): Tocvan Ventures
  • Questcorp Mining and Riverside Resources Commence Phase 2 Exploration Program at the La Union Project, Sonora, Mexico (La Unión, Sonora): Questcorp Mining
  • Riverside Resources and Questcorp Launch Phase 2 Exploration Program at La Union Project, Sonora, Mexico (La Unión, Sonora): Riverside Resources
  • Pacifica Silver Provides Exploration Update at Claudia Silver-Gold Project; Grants Incentive Stock Options (Claudia, Durango): Pacifica Silver
  • Algo Grande Reports Results from Completed Phase I Drill Program at Cerro Grande Skarn (Adelita, Sonora): Algo Grande Copper

ON MINING

  • Americas Gold and Silver Announces Strong Full-Year 2025 Results and 2026 Guidance with ~30% Annual Production Growth (Cosalá, Sinaloa): Americas Gold and Silver
  • Golden Minerals Reports Full Year 2025 Results (exited Mexico): Golden Minerals
  • DynaResource Reports Year End 2025 Results at the San Jose de Gracia Mine, Net Income for 2025 of $3.8 M, and Adjusted EBITDA for 2025 of $12.1 M (San José de Gracia, Sinaloa): DynaResource  
  • Royal Gold Provides 2026 Guidance and Five Year Outlook and Announces Further Debt Repayment and Publication of Asset Handbook (royalty on Cosalá, Sinaloa): Royal Gold
  • Santacruz Silver Reports Year End 2025 Financial Results (Zimapán, Hidalgo): Santacruz Silver Mining  
  • Alamos Gold Provides Notice of First Quarter 2026 Results and Conference Call, and Annual General Meeting of Shareholders (Santana, Sonora): Alamos Gold

ON FINANCING

  • Minera Alamos Moves to Strengthen Balance Sheet with Executed Term Sheet for US$75 Million Revolving Credit Facility from Scotiabank and National Bank (Cerro de Oro, Zacatecas): Minera Alamos
  • Silver Spruce Resources Inc. Announces Close of $739,250 First Tranche of Non-Brokered Private Placement and Extension (Pino de Plata, Chihuahua): Silver Spruce Resources
  • Elemental Royalty to Commence Trading on the Toronto Stock Exchange (Mercedes, Sonora): Elemental Royalty

ON RESOURCES AND DEVELOPMENT

  • Americas Gold and Silver Announces New Major Discoveries in Idaho and Mexico and a Strong 2025 Resource & Reserve Update including a 19% Year Over Year Increase in M&I Mineral Resources and 21% Increase in M&I Grades at Galena (Cosalá, Sinaloa): Americas Gold and Silver
  • Minaurum Drills High-Grade Silver on the Quintera Vein Zone at the Alamos Silver Project: 5.30 m of 570 g/t Ag, including 2.50 m of 1,024 g/t Ag and 5.80 m of 581 g/t Ag: Minaurum Silver
  • First Majestic Announces 2025 Mineral Reserve and Mineral Resource Estimates: First Majestic Silver
  • Zacatecas Silver Announces Drilling Commencement and Completion of First Hole at El Cristo: Zacatecas Silver
  • Southern Silver Intersects 4.6 metres Averaging 201g/t Ag, 4.5%Pb and 9.8%Zn (557g/t AgEq) at Cerro Las Minitas Project in Durango, México: Southern Silver Exploration
  • Capitan Silver Intersects 1,450.5 g/t Silver Equivalent over 1.5 Metres, Within a Wider Zone of 211.0 g/t Silver Equivalent over 41.1 Metres at the Cruz De Plata Project: Capitan Silver  
  • Aura Reports Updated Mineral Reserves and Mineral Resources For The YearEnded 2025, Highlighting year of Significant Growth in Mineral Reserve and Resource Portfolio: Aura Minerals

ON DEALS AND CORPORATE ISSUES

  • Axo Copper Announces Proposed Name Change to Axo Metals: Axo Copper  

ON SOCIAL RESPONSIBILITY

  • No Relevant News.

On the image below: Specularite, quartz-pyrite(-) and secondary hematite in chloritized volcanosedimentary rocks, HQ core. Picture by Jorge Cirett.

Mexico’s Best Drilling Intercepts, First Week of April 2026

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Five companies announced results from drilling campaigns in Mexico during the week. Interestingly, the campaigns proceeded in two states, Sonora and Durango, and one on each state was reverse circulation drilling.  

Capitan Silver reported assay results from the reverse circulation (RC) drilling campaign at Cruz de Plata, in Durango. The drill holes reported tested the Jesús María trend, the San Rafael area and the Gully Fault zone. Mineralization in the project area is of low (Capitan Hill) and intermediate sulfidation (Jesús María trend) epithermal characteristics.

Minaurum Silver presented diamond drill results from the Quintera and Europa vein zones at its Alamos Silver project in Sonora. The phase II 50,000 m drilling campaign is focused in resource expansion and the current assays are from the Quintera and Europa vein zones, Ongoing drilling is being carried out by six rigs “focused on expanding resources along strike and at depth at the Europa and Promontorio-Travesia vein zones, while also carrying out resource-definition drilling at San Jose, Quintera, Cotera-Pulpito, and Minas Nuevas”. Mineralization presents characteristics akin to intermediate sulfidation epithermal systems, although local carbonate replacement mineralization (CRD) has been encountered.

Southern Silver Exploration reported the final assays from drilling on the recently acquired Puro Corazon claim at its Cerro Las Minitas project in Durango. “Both skarn and replacement styles of mineralization are identified in these holes with several intercepts, located well outboard of the Skarn zone, correlating with previous identified mineralization in the El Sol structural zone”. Now the company is to update the mineral resource estimate (MRE) of Cerro Las Minitas, followed by an update of the preliminary economic assessment (PEA).

Tocvan Ventures presented results from the 20,000 m reverse circulation drilling campaign at its Gran Pilar project in Sonora. The company highlights that the results are from the Mezquite target, more than 1 km away from the main zone. With the scant information available, mineralization on this project seems to belong to the intermediate sulfidation epithermal category, distal to a porphyry copper system.

Algo Grande Copper reported assay results from the last three holes of its four-hole 2,000 m drilling campaign at the Cerro Grande Skarn target at the Adelita project in Sonora. “Mineralization is hosted within two dominant skarn types: (i) magnetite-rich skarns characterized by abundant chalcopyrite, and (ii) garnet-dominant skarns hosting chalcocite and bornite as the principal copper sulphides”.  

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