Guerrero

Mexico’s Best Silver Drilling Intercepts, Third Quarter 2026

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Thirty companies released silver results from drilling programs in Mexico during the third quarter of 2026. Coeur Mining produced the highest silver intercept at its Palmarejo property in Chihuahua, with 11.48 m grading 1,250 gpt Ag, including 5.31 m of 2,154 gpt Ag. The results are from resource drilling on the Main Mine Trend and exploration on the Eastern District. “Recent results support the potential of the Eastern District to become a significant new mining front at Palmarejo, both in the medium-term near the Main Mine Trend (Independencia Sur), and longer-term at San Miguel and La Unión…” Mineralization at Palmarejo presents characteristics of low sulfidation epithermal systems.

Three quarters 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 Cusi, El Tigre, Gavilanes, Columba, Alamos Silver, Cruz de Plata, Don David, San Marcial, San Acacio, Copalito, Gran Pilar (distal to a porphyry copper system), Las Coloradas, Zacatecas Silver and Tahuehueto. Low sulfidation epithermal systems in the list comprise, besides Palmarejo, Las Chispas, Copalquín, San Dimas, Claudia, Potrero, La Virginia and Cerro Caliche. 

The Morelos Complex, Cerro Las Minitas, La Parrilla, Cosalá and Cerro Las Minitas present skarn and/or carbonate replacement (CRD) mineralization styles, while La Parrill adds intermediate sulfidation epithermal mineralization to that mix and Adelita is a skarn distal to porphyry copper style intrusions. Campo Morado is the only volcanogenic massive sulfides (VMS) property in the table and Santo Tomás is the sole porphyry copper deposit.

Most of the drilling activity in the quarter was in the north and northwest of the country. By State, Durango has nine entries in the table, Sonora eight, Chihuahua and Sinaloa four each. Guerrero and Zacatecas two each and Oaxaca one.

Mexico’s Best Drilling Intercepts, Third Quarter 2026

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Companies working in Mexico released results from drilling campaigns in twenty properties during the third quarter of 2026. The higher gold intercepts were from deposits within Torex Gold’s Morelos complex in Guerrero, with the highest returning over 36 m grading almost 12 gpt Au. These deposits are part of the Guerrero Gold Belt, presenting Au-Cu-Ag skarn and replacement mineralization. But skarns are not commonly the best example of gold deposits in Mexico, with the obvious exception of these in the Guerrero Gold Belt. The only two other skarns in this table are way down: Adelita, probably linked to a porphyry copper system, and La Parrilla, a complex deposit displaying also carbonate replacement (CRD) and intermediate sulfidation epithermal mineralization styles. The second top results come from Luca Mining’s Campo Morado, also in Guerrero, which is also the only volcanogenic massive sulfides (VMS) deposit on the list.

Epithermal systems represent 70 percent of the entries in the table below. The highest ranking is third on the list, Coeur Mining’s Palmarejo mine in Chihuahua, same that presents low sulfidation epithermal characteristics. Other low sulfidation epithermal deposits comprise Potrero, San Dimas, Cerro Caliche, Las Chispas, Copalquín and La Virgina. But Intermediate sulfidation epithermal deposits are the most numerous with 13 assigned to that category, including: Gran Pilar (likely associated to a porphyry system), El Tigre, Tahuehueto, Gavilanes, Don David, Cusi, Copalito, Cruz de Plata, San Acacio, Alamos Silver, San Marcial, Las Coloradas and Columba.

Deposits that display carbonate replacement mineralization (CRD) include Cosalá (which also have intermediate sulfidation epithermal mineralization), and La Unión, in Sonora, as well as the previously mentioned La Parrilla.

Santo Tomás is a porphyry copper system and San Antonio and San Javier are part of an iron oxide copper gold (ICOG) mineralization system in the same district.

Summarizing, twenty one of the thirty properties on the list are epithermal systems, three present some type of skarn mineralization, two more have characteristics of carbonate replacement deposits (CRD) another one has characteristics of a volcanogenic massive sulfides (VMS) deposit, one more is clearly a porphyry copper system and two more are part of an IOCG system. The gold intercepts are clustered in the north and northwest part of the country, with 26 reported in Sonora, Durango, Chihuahua and Sinaloa.  

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

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By Jorge Cirett

During the 40th week of the year (September 28th to October 4th, 2026), 16 companies working in Mexico released press releases. Four companies reported on activities at early-stage projects. Two companies reported on quarterly results and one announced an expansion plant update. One company changed trading symbol, and one more closed a financing round. One company reported on metallurgical results and one more on an advanced property drilling results. Four companies reported on deals and corporate issues. ON MEXICO ISSUES, no relevant news. ON EXPLORATION, in Sonora, Tocvan presented drilling results from Gran Pilar, Algo Grande Copper secured a surface agreement for Adelita and Masivo Silver reported on drilling at Cerro Colorado. In Chihuahua, Centenario Gold begins drilling at Los Reyes. ON MINING, Sierra Madre Gold and Silver updated on the plant expansion at La Guitarra, in Estado de México. Agnico Eagle and Alamos Gold informed on Q3 Results. ON FINANCING. Platauro Metals announced a new OTCQB symbol. Pinnacle Gold and Silver closed a financing round for C$1.65 M. ON RESOURCES AND DEVELOPMENT, Tocvan Ventures reported on metallurgical results at Gran Pilar, in Sonora. Sonoro Gold presented results from drilling at Cerro Caliche, in Sonora. ON DEALS AND CORPORATE ISSUES, Goldgroup Mining announced a US$75 M strategic investment in Luca Mining, to support the acquisition of Cozamin, in Zacatecas. Silver Hammer and Stroud Resources shareholders approved of its merge. Madoro Metals updated on the proposed takeover with Narrow River Resources. ON SOCIAL RESPONSIBILITY, no relevant news.

ON MEXICO ISSUES

  • No Relevant News.

ON EXPLORATION

  • Tocvan Expands El Mezquite; Drilling Returns 106.8 m of 0.5 g/t Au: Tocvan Ventures (Gran Pilar, Sonora)
  • Algo Grande Copper Secures Five-Year Surface Access Agreement with Ejido Palos Chinos at the Adelita Project: Algo Grande Copper (Adelita, Sonora)
  • Masivo Silver Reports Broad Polymetallic Mineralization from Initial 2026 Drilling Program at Cerro Colorado Project, Sonora, Mexico: Masivo Silver (Cerro Colorado, Sonora)
  • Centenario Gold Announces the Start up of it’s Maiden Drill Program at the Los Reyes Copper, Moly, Gold Skarn System: Centenario Gold (Los Reyes, Chihuahua)

 ON MINING

  • Sierra Madre Announces Guitarra Processing Plant Achieves Throughputs of up to 720 Tonnes per Day as Development at Nazareno and Guitarra Mines Accelerates: Sierra Madre Gold and Silver (La Guitarra, Estado de México
  • Agnico Eagle Provides Notice of Release of Third Quarter 2026 Results and Conference Call: Agnico Eagle (San Nicolás, Zacatecas)
  • Alamos Gold Provides Notice of Third Quarter 2026 Results and Conference Call: Alamos Gold (Mulatos, Sonora)

ON FINANCING AND SHARES

  • Elemental Royalty to Participate in Renmark’s Virtual Non-Deal Roadshow Series on Wednesday, October 7, 2026: Elemental Royalty (Mercedes, Sonora)
  • Platauro Metals Announces New OTCQB Trading Symbol: Platauro Metals (Las Minas, Veracruz)
  • Pinnacle Closes Second and Final Tranche of Private Placement: Pinnacle Silver and Gold (Potrero, Durango)

ON RESOURCES AND DEVELOPMENT

  • Tocvan Reports Positive Closed-Circuit Column Leach Test Results at Gran Pilar: Tocvan Ventures (Gran Pilar, Sonora)
  • Sonoro Gold Announces Continued Expansion of Higher-Grade Mineralization at Cerro Caliche: Sonoro Gold (Cerro Caliche, Sonora)

ON DEALS AND CORPORATE ISSUES

  • Goldgroup Announces Commitment for Strategic Investment in Luca Mining: Goldgroup Mining (San Francisco, Sonora)
  • Luca Mining Announces Binding Equity Commitment from Goldgroup Mining Inc.: Luca Mining (Campo Morado, Guerrero)
  • Silver Hammer and Stroud Shareholders Overwhelmingly Approve the Amalgamation of Silver Hammer, Stroud and SilverMark, and Announce Results of Annual and Special Meetings: Silver Hammer Mining (Santo Domingo, Jalisco)
  • Madoro Metals Corp. Provides Update on Proposed Reverse Takeover with Narrow River Resources: Madoro Metals (Cerro Minas, Oaxaca)

ON SOCIAL RESPONSIBILITY

  • No Relevant News

On the image below: Monzonite porphyry in northern Sonora. Picture by Jorge Cirett

Mexico’s Best Drilling Intercepts, Fourth Week of September 2026

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Six companies released results from drilling projects in Mexico during the week.

Torex Gold Resources reported results from drilling at its Morelos property in Guerrero, which encompasses the Limón-Guajes and Media Luna mines, as well as the Media Luna North, Media Luna West, Media Luna East, EPO and ELG Underground deposits, and the San Miguel Corridor target. Impressive gold, silver and copper grades in long intervals from the San Miguel Corridor, Media Luna mine, Media Luna North, Media Luna East and from ELG Underground were announced. The present press release also incorporates information on the regional exploration plays, same that sound really interesting. For a more detailed description of the geology of this skarn related ore deposit, please read the press release.

Southern Silver Exploration reported assays from five definition holes on the Puro Corazón target at its Cerro Las Minitas property in Durango. “These initial results are from the ongoing 14,000 metre core hole drill program that was started in June ’26 and is designed to upgrade resource classification in the Puro Corazon target. The current drill program will test an area that is roughly a 200 metres strike-length by 300 metres down dip within the Puro Corazon claim.” Mineralization present at Cerro Las Minitas is of carbonate replacement deposits (CRD) and skarn deposit styles.

Kootenay Silver announced assays results from expansion drilling along the Lupe vein at its Columba project in Chihuahua. The company has completed more than 30,000 m of drilling on its 60,000 m program, with 51 holes reported to date. “Drilling has outlined the Lupe Vein system over approximately 520 meters of strike and 450 meters of vertical extent, and it remains open for expansion”. Columba presents mineralization of intermediate sulfidation epithermal affinity.

Algo Grande Copper reported the remaining results from one drill hole at its Adelita project in Sonora. The results confirmed the presence of two mineralized intervals. Adelita presents skarn mineralization deemed distal to a porphyry copper system.

Kingsmen Resources reported results from one more drill hole at its Las Coloradas project in Chihuahua. On the #8 structure, “… the mineralization appears as a multidirectional stockwork of massive sulfides within pervasive phyllic alteration. The massive sulfides are accompanied by massive calcite, massive white quartz, and translucent quartz.” Las Coloradas is a good example of intermediate sulfidation epithermal veins.

Minaurum Silver informed on drill results from the Europa, Quintera, San José and Promontorio Sur vein zones, at its Alamos silver project in Sonora. These results are part of the ongoing phase II, 50,000 m resource expansion drilling program. Mineralization at Alamos Silver presents characteristics of intermediate sulfidation epithermal systems.

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