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The Mining and Exploration News in Mexico: Highlights on the Third Week of July, 2026

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Ptygmatic Folds

By Miguel A Heredia

During the 29th week of the year (July 13 to July 19, 2026), at least 26 press releases were issued by companies operating in Mexico and 1 news published by the media. Of these, eight related to deals and corporate matters, six covered resource and development updates, five announcing financing activities, four reported production results, two presented exploration results and two addressed Mexican-related issues. ON MEXICO ISSUES, Torex Gold, Advance Metals, and Minaurum Silver reported the best drilling intercepts in Mexico on the third week of July, 2027. El acceso de los países al litio, el cobre, el grafito, el níquel, cobalto y las tierras raras definen su posición y supervivencia en un mundo en franca transformación, en donde las tierras raras son un grupo de 17 elementos químicos con propiedades magnéticas y electrónicas únicas para fabricar tecnologías de alto rendimiento, constituyendo piezas centrales de la economía y la seguridad internacional. ON EXPLORATION, In Chihuahua, Centenario Gold received assay results from its surface and underground mapping collected at Los Reyes project.  In Queretaro, US Antimony hired an AI company who are specialists in the hard rock mining space to work on Los Juarez Silver Mine.  ON MINING, Discovery announced that it will release Q2, 2026 results on August 13, 2026. Gold Royalty informed that it will release Q2, 2026 results on August 5, 2026. Mining Americas reported Q2, 2026 results. Altius provided and update of its project generation business activities and its junior equities portfolio. ON FINANCING, Pinnacle arranged a non-brokered private placement for gross proceeds of up to USD $2.2M. Riverside completed an initial founder financing for Ravena Resources in advance of proposed TSX Venture Spinout. Altius Minerals announced a bought deal public offering for gross proceeds of CAD $181.5M. Mexican Gold closed its previously announced non-brokered private placement for gross proceeds of CAD $2,299,000, and will change its name to Platauro Metals Corp-, effective on or about July 20, 2026. Zacatecas Silver announced a non-brokered private placement for gross proceeds of up to CAD $2.5M to advance Oso Negro drill program in Sonora. ON RESOURCES AND DEVELOPMENT, Silverco Begins Exploration Drilling at La Negra Project in Queretaro. Torex reported results from the drilling and exploration programs at ELG underground and the Media Luna Cluster in Guerrero. Minaurum engaged SGS Metallurgy and Consulting Geological Services to update the Mineral Resource Estimate on its Alamos Silver project in Sonora. Sierra Madre received drill permits from SEMARNAT to commence drilling at the East district of the Guitarra mine in State of Mexico. Silver Storm commenced hot commissioning of the sulphide circuit at La Parrilla mine in Durango. Tocvan announced a development plan for pilot mine operations at its Gran Pilar project in Sonora. Advance Metals reported drill results from its Gavilanes project in Durango. ON DEALS AND CORPORATE ISSUES, Silver Storm amended the Samsung prepayment agreement and secured CAD $5M Loan from First Majestic. Vizsla Royalties received shareholders and court approval for plan of arrangement with Elemental Royalty. Southern Silver engaged the services of ICP Securities to provide automated market making services. Goldgroup and Gold Resource are expected to commence trading under the ticker symbol “GORO” on the NYSE American LLC after the closing of the merger. Apollo Silver announced the resignation of Ross McElroy as President and CEO, and resigned from the Board of Directors: Colin P Sutherland will assume the role of President and CEO, effective July 15, 2026. Gold Resource received notification from the FTSE Russell that following the company´s previously announced merger with Goldgroup, the combined company will not eligible for inclusion in the Russell 2000. EV Resources informed that its securities were put on immediate trading halt. Goldgroup and Gold Resource announce closing of its business combination.   ON SOCIAL RESPONSIBILITY, no relevant news.

ON MEXICO ISSUE

ON EXPLORATION  

  • Results From The Surface and Underground Sampling Program Confirm the Existence of a Significant Copper, Moly, Gold Skarn System at Los Reyes: Centenario Gold Corp
  • United States Antimony Announces Utilization of AI Technology into Certain Mining Projects: US Antimony Corporation

ON MINING

  • Discovery Announces Details of Second Quarter 2026 Results Conference Call and  Webcast: Discovery Mining Ltd
  • Gold Royalty to Release Second Quarter 2026 Results on August 5, 2026 and Announces Acquisition of Additional Royalties: Gold Royalty Corp
  • Mining Americas Inc. Reports Second Quarter 2026 Gold Production: Mining Americas Inc
  • Altius Provides 2nd Quarter 2026 Project Generation Update: Altius Minerals Corporation

ON FINANCING

  • Pinnacle Arranges Non-Brokered Private Placement: Pinnacle Silver and Gold Corp
  • Riverside Resources Completes First Financing for Ravena Resources Corp in Advance of Proposed TSX Venture Spinout: Riverside Resources Inc
  • Altius Minerals Corporation Announces C$181.5 Million “Bought Deal” Public Offering of Common Shares:  Altius Minerals Corporation
  • Mexican Gold Mining Corp to Effect Share Consolidation and Name Change and Announces Closing of $2,299,000 Subscription Receipt Financing: Mexican Gold Mining Corp
  • Zacatecas Silver Announces Non-Brokered Private Placement of up to $2,500,000 to Advance Oso Negro Drill Program: Zacatecas Silver Corp

ON RESOURCES AND DEVELOPMENT

ON DEALS AND CORPORATE ISSUES

  • Silver Storm Commences Hot Commissioning of the La Parrilla Sulphide Circuit, Amends the Samsung Prepayment Agreement, and Secures US $5Million Loan from First Majestic: Silver Storm Mining Ltd
  • Vizsla Royalties Receives Shareholder and Court Approval for Plan of Arrangement with Elemental Royalty: Vizsla Royalties Corp
  • Southern Silver Engages ICP Securities for Automated Market Making Services: Southern Silver Exploration Corp
  • Goldgroup Mining and Gold Resource Corporation Announce Expected Ticker Symbol of Combined Company: Goldgroup Mining Inc
  • Apollo Silver Announces CEO Transition; Colin Sutherland Appointed President and CEO: Apollo Silver Corp
  • After Expected Business Combination of Gold Resource and Goldgroup Mining, Combined Company Will Be Ineligible for Russell 2000 Comprehensive Factor Index Due to National Eligibility Requirements: Gold Resource Corporation
  • EV Resources Ltd (ASX: EVR) – Trading Halt: EV Resources Limited
  • Goldgroup Mining and Gold Resource Corporation Announce Closing of Business Combination and Goldgroup´s Anticipated Listing on the NYSE American: Goldgroup Mining Inc – Gold Resource Corporation

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, ptygmatic folds in an orogenic gold system in a project in Michoacan, Mexico. Photo taken by Miguel A Heredia.

Mexico’s Best Drilling Intercepts, Third Week of July 2026

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Two companies announced results from diamond drilling campaigns in Mexico during the week. The third company included in the table below published results past week that were not included in the respective weekly compilation

Torex Gold presented results from drilling at its Morelos Complex in Guerrero. The company’s 2026 program includes 62,500 m of drilling for the Media Luna Cluster focusing on growing resources and offsetting depletion, with a further 36,000 m targeting ELG Underground to offset depletion, grow mineral reserves, and expand resources within the main mineralized trends. “The Media Luna Cluster and ELG Underground are located within the Morelos Complex, both of which are hosted within the Mesozoic carbonate-rich Morelos Platform, overlayed by Cuautla and Mezcala formations and have been intruded by Paleocene stocks, sills, and dikes of granodioritic to tonalitic composition…. The mineral assemblage is characterized by pyroxene, garnet, and magnetite. Metal deposition occurred during hydrated minerals alteration and is associated with a mineral assemblage comprising of amphibole, phlogopite, chlorite, and calcite ± quartz ± epidote as well as variable amounts of magnetite and sulfides, primarily pyrrhotite”. Gold occurs as free gold and was deposited after the chalcopyrite bearing calc-silicate alteration.

Advance Metals provided an update on drilling progress at the Gavilanes project in Durango. “The latest results provide further evidence that Gavilanes may represent a multi-stage telescoped mineralising system with geological similarities to the nearby San Dimas district. At San Dimas, mineralisation is interpreted to reflect several superimposed events, including an early Cretaceous copper-gold porphyry event overprinted by later silver-dominant and then gold-dominant epithermal vein systems”. The project presents mineralization with intermediate sulfidation epithermal characteristics.

Minaurum Silver reported las week results from drilling on the Europa, Quintera, Travesía, and San José vein zones at its Alamos Silver project in Sonora. The drilling is part of the Phase II 50,000 m resource expansion program at the site. The Alamos Silver project displays Intermediate sulfidation epithermal mineralization.  

 #Mexico #Mining #Exploration #Drilling #Gold #Silver #Copper #Lead #Zinc

Mexico’s Best Lead and Zinc Drilling Intercepts, Second Quarter 2026

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Thirteen companies released lead and/or zinc results from fourteen drilling programs in Mexico during the second quarter of 2026. The best results for both lead and zinc come from a volcanogenic massive sulfides (VMS) deposit: Luca Mining’s Campo Morado mine in Guerrero, with a core length interval of 100.70 m averaging 0.7% Pb, 2.6% Zn.

Eight of the twelve properties present intermediate sulfidation epithermal mineralization, including Copalito, Tahuehueto, Zacatecas Silver, San Marcial-Plomosas, Zacualpan, Cruz de Plata, Gavilanes and Alamos Silver. Gran Pilar also displays intermediate sulfidation epithermal mineralization, probably distal to a porphyry copper system. The Claudia project in Durango presents mainly low sulfidation epithermal mineralization, but the intervals here included represent some intermediate sulfidation mineralization. Cerro Las Minitas, Cosalá and La Parrilla can be described as skarn and carbonate replacement systems, the latter presenting also intermediate sulfidation mineralization.

To note is that eleven of the fourteen properties with reported lead-zinc intercepts are localized in only three adjacent states: Sonora, Sinaloa and Durango.

The Mining and Exploration News in Mexico; Highlights on the Second Week of July 2026

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By Jorge Cirett

During the 28th week of the year (July 5th to July 12th, 2026), 42 companies working in Mexico posted press releases. Six companies on early-stage work at five properties. Ten companies updated on quarterly reports. One company repaid a loan, and another one began trading on the OTCQX Best Market. One company released a PEA, five companies released drilling results from advanced properties and two other companies informed on construction advances. Sixteen companies presented news on deals and corporate issues. ON MEXICO ISSUES, no relevant news. ON EXPLORATION, In Sonora, Algo Grande Copper presented geophysical studies results from Adelita, Zacatecas Silver completed a sampling survey at Oso Negro, Questcorp Mining and Riverside Resources completed a geophysical survey at La Unión. In Durango, Pacifica Silver informed on geophysics and drilling at Claudia. ON MINING, Torex Gold, Capstone Copper, Endeavour Silver, Teck Resources, First Majestic Silver, GoGold Resources, Orla Mining, Equinox gold, Pan American Silver and Aura Minerals informed on quarterly releases. ON FINANCING. Sierra Madre repaid a loan to First Majestic Silver. Talamore Mining upsized its private placement to C$130 M. Orogen Royalties began trading on the OTCQX Best Market. Vortex Metals announced a C$1 M private placement. ON RESOURCES AND DEVELOPMENT, Torex Goldreleased results from a PEA on Los Reyes, Sinaloa. Silverco Mining released drilling results at Cusi, in Chihuahua. Capitan Silver presented drilling results from Cruz de Plata, in Durango. Luca Mining announced results from drilling at Tahuehueto, in Durango. Silver Tiger provided a construction update for El Tigre, in Sonora. Minaurum Silver released drilling results Alamos Silver in Sonora. EV Resources presented a timeline to production at Los Lirios, in Oaxaca. GR Silver reported drill results from San Marcial, at its Plomosas project in Sinaloa. ON DEALS AND CORPORATE ISSUES, Goldgroup receives approval for its merger with Gold Resource. Guanajuato Silver announced an appointment and a resignation to its board. Alcon Silver shareholder approved its merger with Mexican Gold Mining. First Majestic is selling its San Martín de Bolaños property to a Mexican private enterprise. Empress Royalty engaged AI services. Defiance Silver made the final option payment on San Acacio, Zacatecas. Vortex Metals announced an appointment to the board. Tocvan Ventures acquires the remaining 49% interest in the Pilar concession in Sonora, from Colibri Resource. Alamdex Minerals sold royalty portfolio to Empress Royalty. Independent advisory firms recommend Orla Mining and Equinox shareholders to vote for their merger. Pacifica Silver announced the appointment of Stephen Redak as VP Exploration (congratulations Stephen, and welcome back to Mexico). ON SOCIAL RESPONSIBILITY, no relevant news.

ON MEXICO ISSUES

  • No Relevant News

ON EXPLORATION

  • Pacifica Silver’s First IP Survey Identifies Large, Near-Surface Chargeability Anomaly at Claudia; Drill Testing Commences on New “Judy” Anomaly: Pacifica Silver (Claudia, Durango)
  • Algo Grande Reports Phase II Drill Update and UAV Magnetic Survey Results at Adelita; Multiple Porphyry Centers Identified at Depth: Algo Grande Copper (Adelita, Sonora)
  • J2 Metals Mobilizes UAV Drone Mag Survey at Sierra Plata Silver-Gold-Antimony Project, Zacualpan-Taxco District, Mexico: J2 Metals (Sierra Plata, Guerrero)
  • Zacatecas Silver Announces Completion of Phase Two Sampling at Oso Negro, Sonora: Zacatecas Silver (Oso Negro, Sonora)
  • Questcorp and Riverside Resources Complete Complementary Geophysics Programs as Drilling Continues at La Union Project: Questcorp Mining (La Unión, Sonora)
  • Riverside Resources and Questcorp complete Geophysics Programs and Continue Drilling at La Unión Project: Riverside Resources (La Unión, Sonora)

ON MINING

  • Torex Gold Reports Q2 2026 Production Results: Torex Gold  (Morelos Complex, Guerrero)
  • Capstone Copper to Release Second Quarter Results on July 30, 2026: Capstone Copper (Cozamin, Zacatecas)
  • Endeavour Silver Produces 1,943,955 Oz Silver and 10,474 Oz Gold, for a total of 3.4 Million Silver Equivalent Oz in Q2 2026: Endeavour Silver (Terronera, Jalisco)
  • Teck to Release Second Quarter 2026 Results on July 23, 2026: Teck Resources (San Nicolás, Zacatecas)
  • First Majestic Reports Q2 2026 Production Results; Announces Updated 2026 Production and Cost Guidance, and Q2 Conference Call Details: First Majestic Silver (Santa Elena, Sonora)
  • GoGold Announces 21% Increase in Parral Production: GoGold Resources (Parral, Chihuahua)
  • Orla Mining Reports Strong Second Quarter Operating Results: Orla Mining (Camino Rojo, Zacatecas)
  • Equinox Gold Reports 176,836 Ounces of Gold Production in Q2 2026, Canadian Gold Production Increased 11% Quarter-over-Quarter: Equinox Gold (Los Filos, Guerrero)
  • Pan American Silver to Announce Second Quarter 2026 Unaudited Financial Results: Pan American Silver (La Colorada, Zacatecas)
  • Aura Announces Preliminary Q2 2026 and H1 2026 Production Results: Aura Minerals (Aranzazu, Zacatecas)

ON FINANCING

  • Sierra Madre Fully Repays First Majestic Loan: Sierra Madre Gold and Silver (La Guitarra, Estado de México)
  • Talamore Completes Bookbuild and Announces Upsize of Previously Announced Equity Offering to C$130 Million: Talamore Mining (Cristina, Chihuahua)
  • Orogen Royalties Begins Trading on OTCQX Best Market: Orogen Royalties (royalty on Ermitaño, Sonora)
  • Vortex Metals Strengthens Executive Leadership Team, and Announces C$1.0 Million Private Placement: Vortex Metals (Riqueza Marina, Oaxaca)

ON RESOURCES AND DEVELOPMENT

  • Torex Gold Releases Results of Los Reyes Preliminary Economic Assessment: Torex Gold  (Morelos Complex, Guerrero)
  • Silverco Mining Intersects High-Grade Silver at Cusi, Including 1,100 g/t Ag over 10.3 Metres: Silverco Mining (Cusi, Chihuahua)
  • Capitan Silver Intersects 1,077 g/t Silver Equivalent over 1.1 Metres, Within a Wider Zone of 6.7 Metres of 342.2 g/t Silver Equivalent at the Cruz de Plata Project: Capitan Silver (Cruz de Plata, Durango)
  • Luca Intersects 4.7 Metres of 6.7 g/t Gold Equivalent at Tahuehueto Mine – A New High-Grade Breccia Zone Discovery: Luca Mining (Tahuehueto, Durango)
  • Silver Tiger Provides Construction Update for the El Tigre Project: Silver Tiger (El Tigre, Sonora)
  • Minaurum Extends High-Grade Quintera Vein at Depth with 5.95 m of 1,117 g/t Silver Equivalent; Europa Sur Returns 3.65 m of 888 g/t AgEq: Minaurum Silver (Alamos Silver, Sonora)
  • Advancing Tecomatlán Production Timeline Pathway and Los Lirios Results: EV Resources (Los Lirios, Oaxaca)
  • GR Silver Reports Significant Drill Results at San Marcial: 21.9 m at 168 g/t Ag including 6.15 m at 447 g/t Ag in the SE Area: GR Silver

ON DEALS AND CORPORATE ISSUES

  • Goldgroup Announces Receipt of Final Court Approval for Arrangement with Gold Resource Corporation: Goldgroup Mining (San Francisco, Sonora)
  • Guanajuato Silver Announces Officer Resignation: Guanajuato Silver El Cubo, Guanajuato)
  • GR Silver Announces Executive Appointment: GR Silver (Plomosas, Sinaloa)
  • Alcon Silver Announces Shareholder Approval of Arrangement: Alcon Silver – Mexican Gold Mining (Las Minas, Veracruz)
  • Pacifica Silver Appoints Stephen Redak as VP Exploration
  • First Majestic Enters into Definitive Agreement to Sell its San Martin Silver Mine for Total Proceeds of US$90 Million: First Majestic Silver (San Martín de Bolaños, Jalisco)
  • Empress Engages Geomorphic AI to Enhance Royalty and Streaming Deal Origination: Empress Royalty (royalty on Tahuehueto, Durango)
  • Defiance Silver Completes Final Option Payment to Secure 100%Ownership of San Acacio: Defiance Silver  (San Acacio, Zacatecas)
  • Vortex Metals Strengthens Executive Leadership Team, and Announces C$1.0 Million Private Placement: Vortex Metals (Riqueza Marina, Oaxaca)
  • Colibri Announces Definitive Agreement to Sell Remaining 49%Interest in Pilar for C$3.6 Million While Retaining 1%NSR: Colibri Resource (EP, Sonora)
  • Tocvan Enters into Definitive Agreement to Acquire Remaining 49% Interest in Original Pilar Concessions, Consolidating 100% Ownership of Flagship Gran Pilar Gold-Silver Project: Tocvan Ventures
  • Almadex Announces Sale of Royalty Interests: Almadex Minerals (Ixtaca, Puebla)
  • Empress Announces Acquisition of North American Royalty Portfolio: Empress Royalty  (Tahuehueto, Durango)
  • Independent Proxy Advisory Firms Recommend Orla Shareholders Vote FOR the Arrangement Resolution in Connection with Proposed Business Combination with Equinox Gold: Orla Mining (Camino Rojo, Zacatecas)
  • Independent Proxy Advisory Firms Recommend Equinox Gold Shareholders Vote FOR Share Issuance Resolution in Connection with Proposed Business Combination with Orla Mining: Equinox Gold (Los Filos, Guerrero)  

ON SOCIAL RESPONSIBILITY

  • No Relevant News

On the image below: Chlorite alteration, quartz veining, hematite staining and late calcite veining in volcanosedimentary rocks, HQ core. Picture by Jorge Cirett

Mexico’s Best Drilling Intercepts, Second Week of July 2026

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Four companies announced results from diamond drilling campaigns in Mexico during the week. Coincidentally, the four properties present polymetallic intermediate sulfidation epithermal mineralization.

Silverco Mining reported assays from underground drilling on the Promontorio zone, at its Cusi property in Chihuahua. That drilling is part of the 30,000 m drill program for 2026, focused on infill, expansion and exploration across the area. The best interval returned 10.3 m averaging 1.61 gpt Au, 1,100 gpt Ag, 0.8% Pb, 0.5% Zn. “This infill drilling is specifically aimed at optimizing mine planning and targeting near-term resource expansion that can be integrated into the short-term mine plan.”

Luca Mining presented drilling results from the ongoing exploration program at its Tahuehueto mine in Durango. The best result comprised 4.7 m averaging 3.35 gpt Au, 109 gpt Ag, 0.68% Cu, 0.2% Pb, 12.1% Zn. “Exploration drilling has continued to intersect high-grade gold mineralization in newly identified breccia zones, close to current mine workings.”

Capitan Silver reported results from its 60,000 m drilling program at its Cruz de Plata property in Durango. The current results are from diamond and reverse circulation (RC) drilling on the Jesús María trend, both East and West of the Peñoles Fault. The best intercepts returned 6.70 m averaging 0.24 gpt Au, 257 gpt Ag, 1.3% Pb, 1.4% Zn.

GR Silver Mining announced drill results from the resource expansion drilling program at the San Marcial area in the Plomosas project, in southern Sinaloa. “Diamond drilling on the SE Extension target confirms the extension of high-grade silver mineralization for least an additional 150 metres to the southeast of the 2023 NI 43-101 Mineral Resource Estimate (“MRE”) boundary”. The best results averaged 21.90 m of 0.08 gpt Au, 168 gpt Ag, 0.5% Pb, 1.4% Zn.

 #Mexico #Mining #Exploration #Drilling #Gold #Silver #Copper #Lead #Zinc