Chihuahua
The Mining and Exploration News in Mexico; Highlights on the Third Week of April 2026
By Jorge Cirett
During the 16th week of the year (April 13th to April 19th, 2026), companies working in Mexico released 22 press releases. Six companies informed on early-stage property work on their projects, seven companies presented quarterly and/or full-year 2025 reports and one received a drill quote. Reflecting the global capital markets turmoil, only one company updated on a financing round. Two companies presented PEA reports on their properties, another one re-assayed historic drill core, one more released drill results on its advanced project and one more presented consolidated MRE’s. One company is to change its financial’s reporting and another one updated on legal issues. ON MEXICO ISSUES, no relevant news. ON EXPLORATION, in Sonora, Tocvan is accelerating trenching and mine works at Gran Pilar; Questcorp Mining quickens exploration at La Unión; Algo Grande Copper prepares for drilling at Adelita. In Chihuahua, Centenario Gold initiates work at Los Reyes. In Oaxaca, EV Resources defines antimony system at Los Lirios and continues to advance the project. ON MINING, Orla Mining, GoGold, Fuerte Metals, Impact Silver, Americas Gold and Silver, Santacruz Silver Mining and Fresnillo plc reported quarterly and/or yearly results. Mammoth Resources received a drill quote for Tenoriba, in Chihuahua. ON FINANCING, one company informed on a financing round. ON RESOURCES AND DEVELOPMENT, Silverco Mining released a PEA for the Cusi mine in Chihuahua. Mercado Minerals completed re-assaying of historic core at Copalito, in Sinaloa. Pacifica Silver reported drilling results from Claudia, in Durango. Sonora Gold updated the PEA on Cerro Caliche, in Sonora. Avino Silver & Gold announced consolidated MRE’s on La Preciosa and Avino, in Durango. ON DEALS AND CORPORATE ISSUES, Silver Dollar adopted semi-annual financial reporting. Silver Bull updated on its arbitration case against Mexico. ON SOCIAL RESPONSIBILITY, no relevant news.
ON MEXICO ISSUES
No Relevant News
ON EXPLORATION
- Tocvan Mobilizes heavy Equipment at Gran Pilar to accelerate trenching and mine works: Tocvan Ventures (Gran Pilar, Sonora).
- Questcorp Mining Accelerates Phase 2 Exploration at La Union Following New Gold Discovery: Questcorp Mining (La Unión, Sonora).
- Centenario Announces Initial Work Starting at the Los Reyes Copper Gold Project in Chihuahua, Mexico: Centenario Gold Los Reyes, Chihuahua).
- EV Resources Defines Large-Scale, Shallow CRD Antimony System at Los Lirios: EV Resources (Los Lirios, Oaxaca).
- Algo Grande Begins Earthworks in Preparation for Phase II Drill Program at Adelita and Announces Grant of Options and Restricted Share Units: Algo Grande Copper (Adelita, Sonora)
- Multiple Workstreams Advance EVR’s Antimony Hub Toward Near-Term Production: evresources (Los Lirios, Oaxaca).
ON MINING
- Orla Mining Reports First Quarter 2026 Gold Production: Orla Mining. Produced 18,221 Oz Au at Camino Rojo, in Zacatecas
- GoGold Announces Q2 2026 Parral Production: GoGold Resources (Parral, Chihuahua).
- Fuerte Files Annual 2025 Financial Results Fuerte Metals
- Impact Silver Announces Full Year 2025 Results with Record Revenue and Strong Cash Position: Impact Silver (Zacualpan, Estado de México; Plomosas, Chihuahua)
- Americas Gold and Silver Corporation Announces New Record Quarterly Silver Production and Sales, Including 787,000 Ounces Produced and 830,000 Ounces Sold: Americas Gold and Silver (Cosalá, Sinaloa).
- Santacruz Reports Q1 2026 Production of 1,341,499 Ounces of Silver and 21,640 Tonnes of Zinc, with Continued Recovery of Production at Bolivar Mine: Santacruz Silver Mining (Zimapán, Hidalgo).
- Mammoth Receives Updated Drill Quote Illustrating Low US$1.70 per Gold Equivalent Ounce Cost to Drill Initial 500,000 Ounce Exploration Target at its Tenoriba, Gold-Silver Property, Mexico: Mammoth Resources (Tenoriba, Chihuahua).
- Fresnillo plc – Annual Financial Report and Notice of AGM: Fresnillo plc (Fresnillo, Zacatecas; La Herradura, Sonora; San Julián, Chihuahua).
ON FINANCING
- Vortex Metals Announces Extension of Non-Brokered Private Placement: Vortex Metals (Riqueza Marina and Zaachila, Oaxaca)
ON RESOURCES AND DEVELOPMENT
- Silverco Mining Releases Robust PEA for the Cusi Mine Highlighting High-Margin, Low Capital Restart: Silverco Mining. Over 72.8 M Oz AgEq in M&I and inferred resources. (Cusi, Chihuahua).
- Mercado Minerals Completes Historic Drill Core Re-Sampling and Re-Assaying Program at the Copalito Project: Mercado Minerals (Copalito, Sinaloa).
- Pacifica Silver Reports Initial Phase II Drill Results at Claudia with Multiple High-Grade Intercepts at the Aguilareña Area: Pacifica Silver (Claudia, Durango).
- Sonoro Files Updated Preliminary Economic Assessment for the Cerro Caliche Project : Sonoro Gold (Cerro Caliche, Sonora).
- Avino Announces Inaugural Consolidated Mineral Reserves: Avino Silver & Gold Mines (Avino and La Preciosa, Durango).
ON DEALS AND CORPORATE ISSUES
- Silver Dollar Adopts Semi-Annual Financial Reporting: Silver Dollar Resources (La Joya, Durango).
- Silver Bull Provides Update on its Arbitration Case Against Mexico and Voting Results of the Annual Meeting of Shareholders: Silver Bull Resources (Sierra Mojada, Coahuila).
ON SOCIAL RESPONSIBILITY
- No Relevant News.
On the image below: Quartz veining, pyrite and specularite turning to hematite in volcanosedimentary rocks, HQ core. Picture by Jorge Cirett.
MAMMOTH RECEIVES UPDATED DRILL QUOTE ILLUSTRATING LOW US$1.70 PER GOLD EQUIVALENT OUNCE COST TO DRILL INITIAL 500,000 OUNCE EXPLORATION TARGET AT ITS TENORIBA, GOLD-SILVER PROPERTY, MEXICO
GoGold Announces Q2 2026 Parral Production
First Majestic Reports Q1 2026 Production Results
Mexico’s Best Silver Drilling Intercepts, First Quarter 2026
Nineteen companies released silver results from twenty drilling programs in Mexico during the first quarter of 2026. The highest silver intercept is from Luca Mining’s Campo Morado project in Guerrero, with 135.7 m averaging 77 gpt Ag. 1,833 gpt Ag, including a 0.55 m subinterval just over 7,500 gpt Ag. The underground diamond drilling campaign results are from the Largo Norte Zone, near current mining operations in this volcanogenic massive sulfides deposit (VMS).
Eighty percent of the projects in this table correspond either to intermediate or low sulfidation epithermal mineralization systems. The more numerous are those of intermediate sulfidation affinity, including La Colorada (Zacatecas), Alamos Silver, Cusi, Columba, La Preciosa, San Acacio, Las Coloradas, San Agustín and Tahuehueto. Intermediate sulfidation but probably distal to a porphyry copper system is Gran Pilar, in Sonora. Cruz de Plata presents both intermediate sulfidation and low sulfidation discrete zones of mineralization. Low sulfidation epithermal systems in the list comprise Yoquivo, La Virginia, Claudia and Copalquín, while Panuco present mainly low sulfidation mineralization with some zones of intermediate sulfidation affinity.
The remaining entries are lone examples of their mineralization styles: Campo Morado, at the top of the table, is a volcanogenic massive sulfides (VMS) deposit, Cerro Las Minitas presents skarn and carbonate replacement (CRD) mineralization, Adelita is a skarn distal to a porphyry copper system and Dios Padre a strongly zoned Au-Cu-Ag breccia related to a porphyry copper system.
Kingsmen Acquires 100% Ownership of the Claudia 2 Claim, Adding Never-Drilled Saddle Target and District-Scale Extensions to Las Coloradas Silver-Gold Project
Mexico’s Best Gold Drilling Intercepts, First Quarter 2026
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
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.
