Assays
AXO METALS INTERCEPTS 23.6 METRES OF 2.13 G/T FROM SURFACE AT THE SAN ANTONIO PROJECT
The Mining and Exploration News in Mexico: Highlights on the Third Week of May, 2026

Quartz Vein Displaying Boiling Texture
By Miguel A Heredia
During the 21st week of the year (May 18 to May 24, 2026), at least 31 press releases were issued by companies operating in Mexico, and 1 news published by the media. Of these, twelve related to deals and corporate matters, five addressed Mexican-related issues, four covered resource and development updates, three reported production results, three presented exploration results, three announced financing activities, and two discussing social issues. ON MEXICO ISSUES, Almaden provided an update to the international arbitration proceedings under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership with the United Mexican States. The Federal Mexican Government, through the Secretariat of Economy eliminates one procedure and simplifies 42 for mining investment. Sierra Madre received approval from the the Comisión Federal de Competencia Económica (COFECE) for the acquisition of the Del Toro Silver mine in Zacatecas. Mexican courts ruled that Capstone Copper owes unpaid royalties to Minera Portree de Zacatecas, S.A. de C.V (Royalties Inc) since 2019 on the Cozamin Mine, Zacatecas. Oroco and GR Silver reported the best drilling intercepts in Mexico on the third week of May, 2026. ON EXPLORATION, In Sonora, Masivo Silver informed that it completed its Phase 1 drill program at Cerro Colorado project, which consisted of seven holes totaling 1,601m, and JV Questcorp-Riverside reported that they have completed an expanded aeromagnetic drone survey at the La Union project. ON MINING, IMPACT Silver and Sierra Madre reported Q1, 2026 operational and financial results. Starcore reported production and financial results for the four fiscal quarter ended April 2026. ON FINANCING, Vortex notified further extension of its previously announced non-brokered private placement. Sonoro Gold announced a non-brokered private placement for gross proceeds of CAD $10M. Kootenay informed that it intends to complete a non-brokered private placement for gross proceeds of up to CAD $500K. ON RESOURCES AND DEVELOPMENT, GR Silver released the best ever drill results at its San Marcial project in Sinaloa in hole SMS26-04, which intersected 45.1 m of 1,623 g/t Ag, Including 8.25 m of 8,579 g/t Ag,. Oroco reported drill results from its Santo Tomas project in Sinaloa. Silverco filed a NI 43-101 Technical Report for its Cusi mine, Chihuahua. Silver Storm released drill results from the C550 and C535 Zones within its Parrilla mine complex in Durango, and expands its 2026 drilling campaign by 9,000m. ON DEALS AND CORPORATE ISSUES, Alamos Gold announced multiple management appointments, further strengthening its senior leadership team. Torex Gold announced the appointment of Dan Rollins as Chief Financial Officer. Minera Alamos has provided its notice of intent to exercise its option to repurchase a portion of the net smelter return royalty equal to 0.75% on the Cerro de Oro project located in northern Zacatecas. Vizsla appointed Dave D ´Antonio as Senior Vice President of Technical Services. Silver Spruce granted stock options to certain directors, officers, employees and consultants. Silverco completed its previously announced acquisition of Nuevo Silver Inc. Silver Tiger announced that the Toronto Stock Exchange has approved the listing of the Company’s common shares for trading on the TSX. Vizsla Silver appointed Guillermo Hernandez as Vice President Exploration and promotes Jesus Velador as Chief Geologist. GR Silver announced a celebration of Life for founder Márcio Fonseca. Silver Wolf announced adoption to semi-annual financial reporting. Americas Gold and Silver reached an agreement with Sprott Mining to terminate the remaining obligation under the existing Silver Delivering Agreement in exchange for shares of the company. GR Silver provided a corporate update following the exceptional drill results at San marcial within its Plomosas project, Sinaloa. ON SOCIAL RESPONSIBILITY, Aura Minerals announced its 2025 Sustainability Report promoting safety, responsibility, sustainability, and innovation, prepared in with reference to Global Reporting Initiative standards. Heliostar published its inaugural Sustainability Report covering the 2025 fiscal year.
ON MEXICO ISSUES
- Almaden Provides Update on Arbitration Process with Mexico Increased Damages Award Presented: Almaden Minerals Ltd
- Federal Government Eliminates One Procedure and Simplifies 42 for Mining Investments: Chihuahua al Día – Noticias
- Mexican Courts Rule That Capstone Copper Owes Unpaid Royalties Since 2019 on the Cozamin Mine-Pending Amparo: Royalties Inc
- Sierra Madre Receives Mexican Antitrust Approval for the Acquisition of the Del Toro Mine: Sierra Madre Gold and Silver Ltd
- Oroco Resource Corp., and GR Silver Mining Ltd reported the best drilling intercepts in Mexico on the third week of May, 2026. Details are shown in the table below:

- Mexico´s Best Drilling Intercepts. Third Week of May, 2026: Gambusino Prospector de Mexico SA de CV
ON EXPLORATION
- Masivo Silver Completes Phase 1 Drill Program at Cerro Colorado and Appoints Chief Financial Officer: Masivo Silver Corp
- Questcorp Mining and Riverside Resources Complete Expanded Drone Aeromagnetic Survey at La Union Project; Questcorp Mining Inc Riverside Resources Inc
ON MINING
- IMPACT Silver Announces Q1 2026 Financial Results with Revenue Nearly Tripling to $31.2Million and Record Net Income of $11.3 Million: IMPACT Silver Corp
- Sierra Madre Reports Strong Q1 2026 Financial Results, Record Quarterly Revenues: Sierra Madre Gold and Silver Ltd
- STARCORE Reports Fourth Quarter Production Results: Starcore International Mines Ltd
ON FINANCING
- Vortex Metals Announces Further Extension of Non-Brokered Private Placement: Vortex Metals Inc
- Sonoro Gold Announces $10 Million Private Placement: Sonoro Gold Corp
- Kootenay Resources Announces Non-Brokered Private Placement of up to $500,000: Kootenay Resources Inc
ON RESOURCES AND DEVELOPMENT
- GR Silver Reports Its Best Ever Drill Results at San Marcial: 45.1 m at 1,623 g/t Ag, Including 8.25 m at 8,579 g/t Ag, in Hole SMS26-04: GR Silver Mining Ltd
- Oroco Intersects 228 m of 0.49% CuEq and 212 m of 0.44% CuEq at Santo Tomás: Oroco Resource Corp
- Silverco Mining Files NI 43-101 Technical Report for the Cusi Project PEA: Silverco Mining Ltd
- Silver Storm Demonstrates Resource Growth Potential at the C550 Zone, Expands the 2026 drilling campaign by 9,000m: Silver Storm Mining Ltd
ON DEALS AND CORPORATE ISSUES
- Alamos Gold Announces Management Appointments: Alamos Gold Inc
- Torex Gold Announces Appointment of Chief Financial Officer: Torex Gold Resources Inc
- Minera Alamos Announces Partial Repurchase of a Royalty on Its Cerro de Oro Project: Minera Alamos Inc
- Vizsla Silver Appoints Senior Vice President, Technical Services: Vizsla Silver Corp
- Silver Spruce Resources Inc. Announces Grant of Options. Silver Spruce Resources Inc
- Silverco Mining Completes Acquisition of Nuevo Silver to Become the Newest Silver Producer: Silverco Mining Ltd
- Silver Tiger Metals Announces Graduation to the Toronto Stock Exchange: Silver Tiger Metals Inc
- Vizsla Silver Appoints Guillermo Hernandez as Vice President, Exploration & Promotes Jesus Velador to Chief Geologist: Vizsla Silver Corp
- GR Silver Announces a Celebration of Life for Founder Márcio Fonseca: GR Silver Mining Ltd
- Silver Wolf Adopts Semi Annual Financial Reporting: Silver Wolf Exploration Ltd
- Americas Gold and Silver Announces Agreement with Sprott Mining Inc., to Terminate Silver Delivery Agreement: Americas Gold and Silver Corporation
- GR Silver Provides a Corporate Update: GR Silver Mining Ltd
ON SOCIAL RESPONSIBILITY
- Aura Announces its 2025 Sustainability Report: Aura Minerals Inc
- Heliostar Publishes Inaugural Sustainability Report: Heliostar Metals Ltd
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, a quartz vein displaying boiling texture in a project in Sonora, Mexico. Photo taken by Miguel A Heredia.

SILVER STORM DEMONSTRATES RESOURCE GROWTH POTENTIAL AT THE C550 ZONE, EXPANDS THE 2026 DRILLING CAMPAIGN BY 9,000 METRES
TOCVAN ANNOUNCES NEW SURFACE GOLD-SILVER RESULTS, OUTLINING NEW TARGET 3 KILOMETERS EAST OF MAIN ZONE AT GRAN PILAR GOLD-SILVER PROJECT
MITHRIL DRILLS 7.00 G/T GOLD, 370 G/T SILVER OVER 9.65 M INCLUDING 30.7 G/T GOLD, 1,780 G/T SILVER OVER 0.5 M AT TARGET 1, COPALQUIN
Tocvan Accelerates Gran Pilar: 5,000+ Meters Drilled to Date, Historic Workings Discovered on South Block, Pilot Progresses
Defiance Silver Drilling Returns up to 356 g/tAg and 2.15 g/t Au in Additional Silver and Gold Structures
Capitan Silver Intersects 935 g/t Silver Equivalent over 1.3 Metres, Within a Wider Zone of 157 g/t Silver Equivalent over 20.0 Metres at the Cruz De Plata Project
The Mining and Exploration News in Mexico: Highlights on the First Week of May, 2026

By Miguel A Heredia
During the 19th week of the year (May 4 to May 10, 2026), at least 27 press releases were issued by companies operating in Mexico. Of these, twelve related to deals and corporate matters, eight reported production results, three presented exploration results, two covered resource and development updates, one addressed Mexico-related issues, and one announced financing activities. ON MEXICO ISSUES, Orla Mining announced steps it has taken to protect labour rights at its Camino Rojo mine in Zacatecas. ON EXPLORATION, In Sonora, Riverside reported high-grade gold, silver, and base metals assays from Phase 2 Field Work at La Union Project. In Durango, Pinnacle commenced an underground delineation drilling program at its El Potrero project, and Capitan Silver received final interpretative products and reports from its property-wide Airborne Magnetotelluric geophysical survey conducted at its Cruz de Plata project. ON MINING, Aura, Endeavour, GoGold, Pan American Silver, Torex Gold, Gold Resource, and Gold Royalty reported Q1, 2026 financial and operational results. Discovery Silver announced that it will release its Q1, 2026 financial and operational results on May 14, 2026. ON FINANCING, Silver Spruce announced extension of non-brokered private placement. ON RESOURCES AND DEVELOPMENT, Luca Mining released assay results from its ongoing 2026 drilling program at the Tahuehueto mine in Durango. Sonoro announced that it will be completing a two-phased exploration campaign at its flagship Cerro Caliche project in Sonora, including 50,000m of RC drilling, as well as soil and rock sampling programs. ON DEALS AND CORPORATE ISSUES, Angel Wings has undertaken a strategic review of all of its properties, to identify a suitable joint venture partner for its prospective La Reyna project. Aura declared dividend of USD $0.78 per common share based on Q1, 2026 results. Heliostar announced the appointment of Dennis Wilson as Vice President, Health, Safety, Environment, and Sustainability, and Hernan Dorado as Vice President of Operations. Orogen announced the appointment of Chad Wells to the Board of Directors. Silver Viper completed acquisition of Coneto project, Durango. Orex completed sale of Coneto project, Durango to Silver Viper. Silver Spruce announced Change to Director Slate for its annual general and special meeting of shareholders and reported voting results. Pan America Silver and Torex Gold announced an enhanced shareholder return in 2026 through a combination of dividends and common share repurchases, including capital return. Capitan Silver reported voting results from its annual general and special meeting of shareholders, and adopted a shareholder rights plan and a 10% fixed omnibus equity incentive plan. Radius Gold announced the adoption of semi-annual financial reporting. ON SOCIAL RESPONSIBILITY, No relevant news.
ON MEXICO ISSUES
- Orla Mining Takes Action to Protect Labour Rights at Camino Rojo: Orla Mining Ltd
ON EXPLORATION
- Riverside Resources Reports High-Grade Gold, Silver and Base Metal Assays from Phase 2 Field Work at La Union Project: Riverside Resources Inc
- Pinnacle Commences Underground Delineation Drilling Program at El Potrero: Pinnacle Silver And Gold Corp
- Capitan Silver Receives Final Results from Airborne Geophysics Program for the Cruz De Plata Project: Capitan Silver Corp.
ON MINING
- Aura Announces Q1 2026 Financial and Operational Results, Another High Record Adjusted EBITDA: Aura Minerals Inc
- Discovery Announces Details of First Quarter 2026 Results Conference Call and Webcast: Discovery Silver Corp
- Endeavour Silver Announces Q1 2026 Financial Results: Endeavour Silver Corp
- GoGold Announces Record Quarterly Operating Cash Flow: GoGold Resources Inc
- Pan American Silver Reports First Quarter 2026 Financial Results: Strong Mine Operating Earnings Lead to Record Cash Balance and Enhanced Shareholder Return Framework: Pan American Silver Corp
- Torex Gold Reports Q1, 2026 Results: Torex Gold Resources Inc
- Gold Resource Corporation Announces First Quarter 2026 Results: Gold Resource Corporation
- Gold Royalty Reports Record Revenue and Cash Flow in the First Quarter 2026: Gold Royalty Corp
ON FINANCING
- Silver Spruce Resources Inc. Announces Extension of Non- Brokered Private Placement: Silver Spruce Resources Inc
ON RESOURCES AND DEVELOPMENT
- Luca Intersects 6.8 Metres of 5.5 g/t Gold Equivalent at Tahuehueto Mine – Further Expanding High-Grade Mineralization Proximal to Existing Workings: Luca Mining Corp
- Sonoro Gold Commences 50,000 meter Drilling Program: Sonoro Gold Corp
ON DEALS AND CORPORATE ISSUES
- Angel Wing Sells Ontario Quartz Lake Claims to Kenorland, Advances Corporate Strategy: Angel Wing Metals Inc
- Aura Declares Dividend of US$0.78 Per Share and US$0.26 Per BDR Based on Q1 2026 Results, Resulting in a Dividend Yield of 4.5% in the LTM: Aura Minerals Inc
- Heliostar Announces Addition to Management Team and Ana Paula Focused Reorganization: Heliostar Metals Ltd
- Orogen Royalties Appoints Mr. Chad Wells to the Board of Directors: Orogen Royalties Inc
- Silver Viper Minerals Completes Sale of the Coneto Silver-Gold Project: Silver Viper Minerals Corp
- Orex Minerals Inc. Completes Sale of Coneto Silver-Gold Project to Silver Viper Minerals: Orex Minerals Inc
- Silver Spruce Resources Inc. Announces Change to Director Slate for Annual General and Special Meeting of Shareholders: Silver Spruce Resources Inc
- Silver Spruce Resources Inc. Announces Results of Annual and Special Meeting of Shareholders: Silver Spruce Resources Inc
- Pan American Silver Targets Up to $1 Billion in Shareholder Returns in 2026 Through Enhanced Shareholder Return Framework: Pan American Silver Corp
- Torex Gold Reports Enhanced Return of Capital Program: Torex Gold Resources Inc
- Capitan Silver Announces Annual General and Special Meeting and Adoption of Omnibus Equity Incentive Plan and Shareholder Rights Plan: Capitan Silver Corp
- Radius Gold Adopts Semi-Annual Financial Reporting: Radius Gold Inc
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, a rhyolite flow of the Upper Volcanic Supergroup of the Sierra Madre Occidental in Chihuahua, Mexico. Photo taken by Miguel A Heredia.
