The table below displays drilling results released during the week from three projects in Mexico, and results from one more company that were not included in the previous week table.
Pacifica Silver released results from fourteen holes from the ongoing definition and expansion Phase II 20,000 m diamond drilling program at its Claudia project in the El Papantón mining district in Durango. “The latest results have identified an emerging mineralized shoot north of the historical Aguilareña shaft within the overall mineralized footprint of nearly 2 km of strike length and approximately 200 m down-dip”. Mineralization at the property shows low sulfidation epithermal characteristics, although some new holes have identified mineralization interpreted as deeper in the system with more intermediate sulfidation character.
Barksdale Resources reported gold results from historic diamond drilling that had not previously been assayed for the element. The 2024 PEA on the project considered only copper for its resource estimation. “The Company expects to complete an update to the copper and gold mineral resource inventory using current commodity price points and production costs.” The San Javier deposit is part of a large iron oxide copper gold system that extends to the nearby San Antonio gold deposit held by Axo Metals.
Mercado Minerals announced diamond drill results from the 3,000 m program at its Copalito project in Sinaloa. The intervals presented are from the 5 Señores, El Agua, El Pilar, El Medio, Chente and El Pilar Sur veins. The project displays intermediate sulfidation epithermal mineralization.
Tocvan Ventures released last week intervals from its (RC? Diamond?) drilling campaign at Gran Pilar, in Sonora. The company stressed that a new higher grade zone “… was intersected in four drill holes, with three holes returning significant near-surface mineralization”, 900 m from the pilot plant facilities. Based on characteristics announced in their press releases, mineralization at the site is of intermediate sulfidation epithermal character and probably distal to a porphyry copper system.
During the 30th week of the year (July 20th to July 26th, 2026), 22 companies working in Mexico posted press releases. Two companies presented activities on early-stage work. Six companies presented quarterly reports. One company closed a bought deal financing, another one began trading on the Canadian Securities Exchange, and a further one announced a dividend. Four companies presented drilling results from advanced properties. Two companies completed their merger, another company acquired two other companies, shareholders of two companies approved their merger, one more presented AGM results and a further one announced its expansion plans. ON MEXICO ISSUES, no relevant news. ON EXPLORATION, In Sonora, Tocvan Ventures presented drilling results from Gran Pilar. In Chihuahua, Kingsmen Resources delivered results from drilling at Las Coloradas. ON MINING, Luca Mining, Altius Minerals, Avino Silver & Gold Mines, Americas Gold and Silver, Teck Resources and Newmont presented quarterly releases. ON FINANCING. Altius Minerals closed a C$181.5 M bought deal public offering. Centenario Gold commenced trading on the Canadian Securities Exchange. Teck Resources announced a dividend. ON RESOURCES AND DEVELOPMENT, Coeur Mining provided an exploration update for Palmarejo, in Chihuahua, and Las Chispas, in Sonora. Silver Storm presented results from drilling at La Parrilla, in Durango. Silver Viper released results from drilling the El Rubí zone at La Virginia, in Sonora. Defiance Silver posted drilling assays from the San Acacio deposit, at its Zacatecas Silver project in Zacatecas. ON DEALS AND CORPORATE ISSUES, Mexican Gold Mining and Alcon Silver completed the arrangement to create Platuro Metals. Canasil Resources announced results from its AGM. Orla Mining and Equinox Gold shareholders approved their merger. Goldgroup Mining presented its growth strategy. ON SOCIAL RESPONSIBILITY, no relevant news.
ON MEXICO ISSUES
No Relevant News
ON EXPLORATION
Kingsmen Extends High-Grade Soledad System at Depth, with a 1.4m intercept of 641 g/t silver equivalent, confirming continuity over 135 meters of vertical depth at its Las Coloradas silver project, Chihuahua, Mexico: Kingsmen Resources (Las Coloradas, Chihuahua)
Tocvan Discovers New High Grade at Surface Silver-Gold Zone 900 m East of Pilot Plant Facility at Gran Pilar Project: Tocvan Ventures (Gran Pilar, Sonora)
Altius Reports Q2 2026 Expected Record Attributable Revenue: Altius Minerals (royalty on Cuale, Jalisco)
Avino Announces Q2 2026 Production Results Avino Silver & Gold Mines (Avino and La Preciosa, Durango)
Americas Gold and Silver Corporation Announces Second Quarter Production: Americas Gold and Silver (Cosalá, Sinaloa)
Teck Reports Unaudited Second Quarter Results for 2026: Teck Resources (San Nicolás, Zacatecas)
Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance: Newmont (Peñasquito, Zacateca)
ON FINANCING
Altius Minerals Corporation Closes C$181.5 Million “Bought Deal” Public Offering of Common Shares: Altius Minerals (royalty on Cuale, Jalisco)
Centenario Gold Corp. to commence Trading on the Canadian Securities Exchange: Centenario Gold (Los Reyes, Chihuahua)
Teck Announces Dividend: Teck Resources (San Nicolás, Zacatecas)
ON RESOURCES AND DEVELOPMENT
Coeur Provides Exploration Update for Palmarejo and Las Chispas: Coeur Mining (Palmarejo, Chihuahua; Las Chispas, Sonora)
Silver Storm Drills 661 g/t Ag.Eq(1,2) Over 3.7 m and 328 g/t Ag.Eq Over 15.4 m at San Marcos Silver Storm Mining (La Parrilla, Durango)
Silver Viper Receives Additional Infill Drilling Results from the Program at The El Rubi Zone, La Virginia Project in Sonora, Mexico: Silver Viper (La Virginia, Sonora)
Defiance Silver Drilling Returns up to 1,470 g/t Ag from San Acacio Diamond Drill Program: Defiance Silver (Zacatecas Silver, Zacatecas)
ON DEALS AND CORPORATE ISSUES
Mexican Gold Mining Corp. and Alcon Silver Corp. Complete Arrangement to Create Platuro Metals Corp., a Diversified Precious Metals Exploration Company: Mexican Gold Mining (Las Minas, Veracruz)
Silver Hammer Announces Acquisitions of Stroud Resources and Silver Mark Resources and Brokered Financing, Eric Sprott to Become Cornerstone Shareholder Silver Hammer-Stroud Resources-Silver Mark Resources (San Diego, Jalisco)
Canasil Resources Inc. Announces Results of Annual General and Special Meeting: Canasil Resources (La Esperanza, Durango-Zacatecas)
Orla Shareholders Overwhelmingly Approve Business Combination with Equinox Gold: Orla Mining (Camino Rojo, Zacatecas)
Equinox Gold Shareholders Approve Business Combination with Orla Mining: Equinox Gold (Los Filos, Guerrero)
Goldgroup Accelerates Growth Strategy Following Transformational Merger; Company Announces Multi-Asset Drill Programs, Mine Development and Expansion Plans: Goldgroup Mining (San Francisco, Sonora)
ON SOCIAL RESPONSIBILITY
No Relevant News
On the image below: Strong chlorite alteration and quartz veining in volcanosedimentary rocks, HQ core. Picture by Jorge Cirett
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.
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
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
Silverco Begins Exploration Drilling at La Negra Project: Silverco Mining Ltd
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
Tocvan Outlines Phased Development Plan for Pilot Mine Operations at Gran Pilar Gold-Silver Project: Tocvan Ventures Corp
Advance Metals – Gavilanes Delivers Strongest Polymetallic Interval to Date Below High Grade Near-Surface Silver Mineralisation: Advance Metals Limited
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
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
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.
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.
