Mexican Mining

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Masivo Announces Drill Program at Cerro Colorado

https://www.newsfilecorp.com/release/249630/Masivo-Announces-Drill-Program-at-Cerro-Colorado

April 24, 2025 9:30 AM EDT | Source: Masivo Silver Corp

. Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company") is pleased to announce the completion of its strategic drill target program design at the Cerro Colorado property, located in Sonora, Mexico. An eight-hole, 1,300-meter drill program was designed by Senior Mexican Geologist Jorge Rafael Gallardo, with guidance from P.Geo Brian Brewer and P.Geo Mark Bailey.

CEO David Coburn commented: "We're thrilled to launch our highly anticipated drill program at Cerro Colorado. With an exceptional technical team-Mark Bailey, Brian Brewer, and Jorge Rafael Gallardo-who bring a proven history of success in the region, we're confident this program will unlock significant value and advance our understanding of the property's potential."

Masivo's drill program will include:

Hole A

Hole A targets a depth of 130 meters, with the objective of hitting a zone of polymetallic sulfides that may correspond to an anomaly of high chargeability found in the geophysics program or induced polarization ("IP") at a depth of 100 meters below surface. There is strong potential for significantly higher values of silver (Ag), gold (Au), copper (Cu), lead (Pb), and zinc (Zn).

HOLE B

This hole is planned approximately 500 meters northeast of Hole A, targeting a depth of 150 meters. The objective is to test a high chargeability anomaly and follow up on high-grade values identified in sulfide material from the dumps of historic mine workings, which returned assays of 1,840 g/t silver (Ag), 4.82 g/t gold (Au), 3.06% copper (Cu), 4.55% lead (Pb), and 2.92% zinc (Zn).

Holes C, D & E

These holes are planned between Holes A and B, with the objective of testing the high chargeability anomaly within the same mineralized structure. Hole C and E are designed to reach a target depth of 150 meters, while hole D is planned to extend deeper to 200 meters.

Holes F & G

These holes are planned to reach depths of 150 to 300 meters northeast of Hole B. Their objective is to test the high chargeability anomaly and assess the continuity of the mineralized structure along a well-defined southwest-to-northeast (SW-NE) trend.

Holes H

This hole is oriented in a different direction, targeting a southeast-to-northwest (SE-NW) structural system that is perpendicular to the main southwest-to-northeast (SW-NE) trend.

This secondary structural system hosts a gold-copper-silver (Au-Cu-Ag) mineralization style, observed in several near-surface artisanal workings developed by local "Gambusinos." These small-scale mines have returned high-grade values, including over 20 g/t gold (Au), 95 g/t silver (Ag), and 0.8% copper (Cu). The planned depth for these holes is 120 meters.



Cerro Colorado Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7866/249630_3cfb2e3954ba6acc_001full.jpg

Senior Mexican Geologist Jorge Rafael Gallardo commented:

"It's extremely exciting to identify two distinct structural systems on the property-one controlling Ag-Au-Cu-Pb-Zn mineralization and the other hosting Au-Cu-Ag. The intersection of these structures has the potential to create highly fractured and porous zones, ideal pathways for mineralizing fluids. These conditions significantly enhance the potential to discover high-grade mineralization."

Qualified Person

Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada and has approved this news release.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations is available on the Company's website at www.masivosilver.com or email davidcoburn @SamTheDog.

ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Masivo Silver Corp.

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Tocvan Drilling Update Gran Pilar Gold – Silver Project Provides Corporate Update and Webinar Announcement

Highlights:

RC Drilling Ongoing on Expansion Area

Five holes, totaling 712 meters completed to date

First three holes at the lab for analysis, results pending

Webinar to detail expansion plans including near-term pilot mine

Scheduled for Friday, May 2nd 10am MT

Sign up here: Webinar


https://www.accessnewswire.com/newsroom/en/metals-and-mining/tocvan-drilling-update-gran-pilar-gold-silver-project-provides-corporate-update-a-1019035

Thursday, 24 April 2025 08:30 AM

CALGARY, AB / ACCESS Newswire / April 24, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN: TV3/A2PE64

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MAG Announces First Quarter 2025 Production From Juanicipio

https://magsilver.com/2025/mag-announces-first-quarter-2025-production-from-juanicipio/

April 23, 2025

Download PDF

Vancouver, B.C. MAG Silver Corp. (TSX / NYSE American: MAG)

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Sierra Madre Announces Fourth Quarter and Year-End 2024 Financial Results Revenues of $6.5 million USD generated in 2024 from the Guitarra Mine

https://www.newsfilecorp.com/release/249397/Sierra-Madre-Announces-Fourth-Quarter-and-YearEnd-2024-Financial-Results

April 22, 2025 5:32 PM EDT | Source: Sierra Madre Gold & Silver

Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF

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LUCA 2024 YEAR-END RESULTS HIGHLIGHT TRANSFORMATIVE GROWTH AND ACHIEVEMENT

https://www.newswire.ca/news-releases/luca-2024-year-end-results-highlight-transformative-growth-and-achievement-827481283.html

News provided by Luca Mining Corp. Apr 23, 2025, 07:00 ET

VANCOUVER, BC, April 23, 2025 /CNW/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68)

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IsoEnergy Intersects Strongly Elevated Radioactivity in Multiple Holes Immediately Along Strike of Hurricane and In Step-Out Target Area D, 2.8 km East

https://www.newswire.ca/news-releases/isoenergy-intersects-strongly-elevated-radioactivity-in-multiple-holes-immediately-along-strike-of-hurricane-and-in-step-out-target-area-d-2-8-km-east-896949183.html

News provided by IsoEnergy Ltd. Apr 23, 2025, 07:00 ET

TORONTO, April 23, 2025 /CNW/ - IsoEnergy Ltd. ("IsoEnergy" or the "Company") (TSX: ISO) (OTCQX: ISENF)

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Galore Announces Update On The Dos Santos Project

https://thenewswire.com/press-releases/1LPRFr5Na-galore-announces-update-on-the-dos-santos-project.html

April 23, 2025 – TheNewswire - Vancouver, BC – Galore Resources Inc. (TSX-V: GRI) (“Galore” or the “Company”) is pleased to provide an update on ongoing activities at its 100%-owned Los Gemelos / Duraznillo Property, part of the Dos Santos Project in Mexico. Drilling continues as planned, with a total of 5,000 meters targeted. The initial drill core is visually encouraging and is currently being logged and prepared for shipment to an accredited laboratory for assay analysis.



Geological Insight:

“The abundance of structural features and veinlets provides an effective plumbing system for mineralizing fluids. Combined with the presence of two intrusive stocks acting as a proven heat source, widespread argillic alteration, anomalous gold values, and evidence of copper mineralization leaking along fractures and faults, all geological indicators point toward a significant copper-gold target. Ongoing and future drilling will be critical in determining the true size and extent of this potential deposit.”

— Gustavo Narvaez, Geologist


Click Image To View Full Size


Click Image To View Full Size







In the Works:



Gold and Precious Metals Processing at Duraznillo:

Galore is preparing to begin processing more than 25,000 tonnes of crushed, mineralized mined rock currently on surface at its Duraznillo mine. Laboratory results, bottle roll testing, and metallurgical analyses have all returned favorable outcomes, indicating strong potential for generating significant revenue.



Joint Venture Discussions:

The Company is in active discussions with qualified joint venture partners to advance exploration activities and initiate an aggressive drilling campaign targeting two well-defined mineralized zones.

Ore-Sorting Technology:

Galore is engaged in discussions with a technical manufacturer to implement an ore-sorting pre-concentration plant. This technology is expected to improve feed grade, reduce energy and water usage, and enhance overall mineral recovery efficiency.



Satellite Imaging at Los Gemelos:

The Company has received a proposal to deploy satellite imaging technology at the Los Gemelos area. A verbal commitment from an investor—who has personally seen this technology yield time and cost savings in a successful mineral discovery—has been made to fund this initiative.



Drilling Expansion:

Discussions are ongoing with a group to mobilize two additional diamond core drill rigs to the Los Gemelos/Duraznillo region, further expanding the Company’s exploration capacity.

Galore’s management team is highly encouraged by the progress and opportunities ahead. Backed by a team of experienced and dedicated professionals, the Company is not only advancing its efforts at Los Gemelos but also preparing to apply this aggressive exploration and development strategy across additional targets within the 14,400-hectare Dos Santos Project.

Qualified Person

The technical content of this release has been reviewed and approved by independent Geologist, Mr. Roberto García Peralta, a “Qualified Person” as defined under Canadian National Instrument 43-101.

ON BEHALF OF THE BOARD

“Michael McMillan”
Chief Executive Officer

For Further Information about Galore Resources,


Please visit the Company's website at www.galoreresources.com or contact Mike McMillan, by telephone [phone]) or email at [e-mail].

About Galore Resources

Galore Resources is a mineral exploration and development company whose focus is to develop significant mineral discoveries, which are supported by a sustainable business model. Our goal is to discover a world-class gold deposit in Mexico. Our flagship project is located in the heart of the Concepcion del Oro Mining District, the Dos Santos Project, which covers two known historic gold zones, is on trend with Newmont’s Peñasquito Mine, and based on past drilling, trenching, and an airborne geophysical survey, has the potential to host several bulk tonnage gold deposits.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s goals for 2025, the receipt of the assays, geological interpretations, the quality of results from the assays; the proposed nature, size, timing, targets and impact of the Company’s planned drilling program at Los Gemelos, anticipated drill and exploration results; the estimation of mineral resources; magnitude or quality of mineral deposits; anticipated advancement of mineral properties or programs; future operations; mine plans; future exploration prospects; the completion and timing of technical reports; future growth potential of Galore Resources and future development plans for the Los Gemelos / Duraznillo deposit and the overall Dos Santos Project. In addition, the Company’s ability to raise funds necessary to continue to conduct further drill programs at its Mexican mineral properties and the timing thereof, the prospective deposits, targets and mineralization at the properties and the anticipated receipt and timing of necessary governmental or third-party approvals and permits.

Such forward-looking information reflects management’s current beliefs and is based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information is neither a promise nor guarantee, and is subject to known and unknown risks and uncertainties including, but not limited to, delays in obtaining governmental or third party approvals and permits, actual results of exploration activities, unanticipated geologic formations, structures and characteristics, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, and other risks in the mining industry as well as general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets and lack of available capital. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. For OTCQB quotes and filings, please visit www.otcmarkets.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

[Lone Clone]

Fuerte Metals hits 8.5 g/t AuEq over 4.0 m, 6.1 g/t AuEq over 1.7 m and 6.1 g/t AuEq over 1.4 m at its Cristina Project, Chihuahua, Mexico

https://www.newsfilecorp.com/release/249200/Fuerte-Metals-hits-8.5-gt-AuEq-over-4.0-m-6.1-gt-AuEq-over-1.7-m-and-6.1-gt-AuEq-over-1.4-m-at-its-Cristina-Project-Chihuahua-Mexico

April 22, 2025 7:30 AM EDT | Source: Fuerte Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF)

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Pinnacle Provides Progress Report on Field Work at El Potrero Gold-Silver Project and Grants Incentive Stock Options

https://thenewswire.com/press-releases/1L7OFQGjj-pinnacle-provides-progress-report-on-field-work-at-el-potrero-gold-silver-project-and-grants-incentive-stock-options.html

VANCOUVER, BRITISH COLUMBIA – TheNewswire - April 17, 2025 (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to provide an update on progress at the recently acquired high-grade gold-silver El Potrero property in Durango, Mexico (see Pinnacle news releases dated February 24 and 25, 2025).

Phase I field work commenced within a week of signing the Definitive Agreement and is progressing well. Surface mapping has extended the vein system along strike to the northwest for approximately 1,100 metres from the Dos de Mayo Mine and 46 samples have been taken for analyses. Cleaning of the underground workings at the historic Pinos Cuates, La Dura and Dos de Mayo Mines has been completed, and the Pinos Cuates Mine has been mapped and sampled, with 86 samples being taken of the vein system as it is exposed underground. All 132 samples have been submitted to the SGS lab in Durango City.

In addition, access roads to the project and up to the mine portals have been cleared. The plant has been almost completely cleaned up, and an inspection is being planned to assess the approximate cost and schedule to get it ready for production again.

“We are very pleased with the progress our team has been making on site in the short time we have been on the property,” stated Robert Archer, Pinnacle’s President & CEO. “Our geological crew has established themselves in the nearby village of Manzanillas, only three kilometres away and we are already providing much needed jobs for the local people. As such, community relations are starting out on a positive note. Having said that, the plant and mines sit on private property such that permitting should be easier when the time comes. Going forward, underground mapping and sampling at the historic La Dura and Dos de Mayo mines will continue and surface mapping will focus on the southeastern extension of the vein system and identifying parallel or splay veins along the entire strike length.”

Surface mapping to date has identified the dominant lithologies as comprising an andesitic volcanic sequence with alternating flows and breccias. The units belong to the upper part of the Lower Volcanic Series, the preferred and most common host for gold and silver mineralization in the Sierra Madre Belt. There is a strong northwest-southeast structural trend hosting the vein system at El Potrero that parallels the regional trend of the Sierra Madre. To date, several sub-parallel veins have been identified on the southwest side of the Pinos Cuates mine, indicating that the vein system is at least 125 metres wide at this locality. Vein widths have been measured as ranging from 0.50 metres on surface up to 7 metres underground at Pinos Cuates.

Most of the samples taken at the historic Pinos Cuates Mine consist of vein breccia with angular clasts of variable composition, clasts of colloform quartz, chalcedonic quartz, and bands of opaque quartz with a black mineral, thought to be ginguro (very fine grained silver-gold mineralization). The footwall rocks are andesite with strong chlorite-pyrite alteration, whereas a felsic dike with porphyritic texture has been observed in the hanging wall of the veins both underground and on surface, implying a long and active period of hydrothermal activity.


Click Image To View Full Size

Figure 1: Regional location map of the Potrero Project, Durango, Mexico


Click Image To View Full Size

Figure 2: Preliminary geology of the Potrero Project showing vein projections and historic mines

As reported in Pinnacle news release of March 18, 2025, preliminary sampling of mineralized veins containing ginguro bands at Pinos Cuates returned an arithmetic average from four chip channel samples of 8.04 g/t gold (Au) and 146 g/t silver (Ag) (chip samples, by their nature, are selected samples and may not represent a true reflection of actual grade), consistent with the historic production grades reported by the vendors, and the historic resource estimate of 45,561 tonnes at 8.0 g/t Au and 186 g/t Ag. These resources are historical in nature and Pinnacle is not treating these estimates as current mineral resources as a qualified person on behalf of Pinnacle has not done sufficient work to classify them as current mineral resources.


Click Image To View Full Size

Figure 3: Longitudinal section, looking southwest, of underground workings at the Potrero Project.

Once assays are received (approximately 3 weeks), results will be interpreted in the context of the mapping in order to determine the structural controls on gold-silver mineralization, as the highest grades tend to occur in ‘shoots’. Once these are better defined, a diamond drilling program can be planned to systematically test these areas for continuity.

Preliminary discussions are underway with geophysical contractors regarding the flying of a LiDAR (Light Detection and Ranging) survey over the entire property. LiDAR is a remote-sensing and laser technology that ‘sees’ through overburden and maps out the rock subsurface in a way that allows for the interpretation of structural features that can be important in controlling gold-silver mineralization. This interpretation will also be used in the planning of upcoming drill programs.

In due course, discussions will be held with the federal electrical commission to extend the power line to the plant site, a distance of only about three kilometres.

Stock Option Grant

Pinnacle has granted an aggregate of 500,000 incentive stock options to certain consultants of the Company, pursuant to the Company’s Stock Option Plan and subject to TSXV approval, at a price of $0.05 and expiring on April 17, 2030. The incentive stock options will vest 25% each quarter over a 12-month period.

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project. This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

The non-systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul. The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres. The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures. Samples were collected along the structural strike or oblique to the main structural trend.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg. They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis. The lab is accredited to ISO/IEC 17025:2017. All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (µm). All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish. An ICP-OES analysis package (Inductively Coupled Plasma - Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length. A historic resource based upon underground sampling of those three mines is reported to consist of 45,561 tonnes at 8.0 g/t gold and 186 g/t silver. The property has been in private hands for almost 40 years and has never been drilled or explored by modern methods, leaving significant exploration potential.

A 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres. Surface rights over the plant and mine area are privately owned (no community issues).

Pinnacle will earn an initial 50% interest immediately upon commencing production. The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR. If successful, this approach would be less dilutive for shareholders than relying on the still challenging equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas. The addition of the high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt complements the Company’s project portfolio and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon. With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

Signed: “Robert A. Archer”

President & CEO

For further information contact:

Email: [e-mail]

Tel.: [phone] ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Colibri/Tocvan Expand Main Zone by 70 Metres - Returning 7.2 g/t Gold and 80 g/t Silver over 2.6 Meters Within 46.9 Meters of 0.5 g/t Gold at the El Pilar Gold-Silver Project

https://www.newsfilecorp.com/release/248738/Colibri-and-Partner-Expands-Main-Zone-by-70-Metres-Returning-7.2-gt-Gold-and-80-gt-Silver-over-2.6-Meters-Within-46.9-Meters-of-0.5-gt-Gold-at-the-El-Pilar-GoldSilver-Project

April 16, 2025 11:44 AM EDT | Source: Colibri Resource Corporation

Dieppe, New Brunswick--(Newsfile Corp. - April 16, 2025) - Colibri Resource Corporation (TSXV: CBI)

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Avino Delivers Strong Q1 2025 Production Results; Announces Date of Q1 Earnings Call

https://www.accessnewswire.com/newsroom/en/metals-and-mining/avino-delivers-strong-q1-2025-production-results-announces-date-of-q1-earnings-ca-1015316

Wednesday, 16 April 2025 06:45 AM

VANCOUVER, BC / ACCESS Newswire / April 16, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6)

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Fortuna completes sale of non-core San Jose Mine, Mexico

https://www.globenewswire.com/news-release/2025/04/14/3060716/0/en/Fortuna-completes-sale-of-non-core-San-Jose-Mine-Mexico.html

April 14, 2025 05:00 ET | Source: Fortuna Mining Corp.

VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the successful completion of the sale of its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. (“Cuzcatlan”) to JRC Ingeniería y Construcción S.A.C. (“JRC”), a private Peruvian company (the “Transaction”). Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. The Transaction closed simultaneously with the execution of a definitive share purchase agreement (the “Share Purchase Agreement”).

Details of the Transaction

Under the terms of the Share Purchase Agreement, JRC acquired all of the issued and outstanding shares of Cuzcatlan held by Fortuna’s subsidiaries in consideration for:

the payment of US$6.5 million;
the payment of approximately US$1.2 million for pre-paid working capital items and tax receivables by April 30, 2025; and
the right to receive up to approximately US$8.3 million upon the completion of certain conditions.

In addition, Fortuna retains a 1.0 percent net smelter royalty on production from the San Jose Mine concessions payable after the first 6.1 million ounces of silver and the first 44,000 ounces of gold or 119,000 gold equivalent ounces have been mined or extracted from the property.

About the San Jose Mine

Fortuna successfully built, expanded, and operated the underground San Jose mine for thirteen years, developing it into one of the 12 largest primary silver producers in the world for several years. In December 2024, the Company placed the mine on care and maintenance due to its higher operating costs and the exhaustion of its mineral reserves and initiated a strategic process to divest of this non-core asset. The San Jose mine still holds a small mineral resource inventory which does not meet Fortuna’s economic criteria for mineral reserve classification.

INFOR Financial Inc. acted as financial advisor to Fortuna.

About Fortuna Mining Corp.

Fortuna Mining Corp. is a Canadian precious metals mining company with four operating mines and exploration activities in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru, as well as the Diamba Sud Gold Project located in Senegal. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long- term for our stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Mining Corp.

Investor Relations:
Carlos Baca | [e-mail] | fortunamining.com | X | LinkedIn | YouTube

Forward-looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, the anticipated receipt of future cash payments on the applicable post-closing dates, in addition to the net smelter returns royalty and Fortuna's right to receive certain additional payments upon the completion of certain conditions post-closing; and the Company’s business strategy, plans and outlook. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; changes in prices for gold, silver, and other metals; the timing and success of the Company’s proposed exploration programs; technological and operational hazards in Fortuna’s mining and mine development activities; risks inherent in mineral exploration; fluctuations in prices for energy, labor, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; the Company’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; governmental and other approvals; political unrest or instability in countries where Fortuna is active; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form for the financial year ended December 31, 2024. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to, that any future payments in connection with the cash consideration, net smelter returns royalty or any future additional payments will be paid to the Company; expected trends in mineral prices and currency exchange rates; that the Company’s activities will be in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained; that there will be no significant disruptions affecting operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.



PDF available: http://ml.globenewswire.com/Resource/Download/0ea08749-047c-426b-946f-6f9985c042b0

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Torex Gold Reports Q1 2025 Production Results

Processing plant tie-ins concluded and first copper concentrate achieved; quarterly production in line with plan

https://www.newsfilecorp.com/release/248104/Torex-Gold-Reports-Q1-2025-Production-Results

April 10, 2025 6:00 PM EDT | Source: Torex Gold Resources Inc. (All amounts expressed in U.S. dollars unless otherwise stated)

Toronto, Ontario--(Newsfile Corp. - April 10, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG)

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AUXICO SIGNS OPTION AGREEMENT FOR SALE OF MEXICAN SUBSIDIARY

https://www.newswire.ca/news-releases/auxico-signs-option-agreement-for-sale-of-mexican-subsidiary-827378719.html

News provided by Auxico Resources Canada Inc. Apr 10, 2025, 12:07 ET

MONTREAL, April 10, 2025 /CNW/ - Auxico Resources Canada Inc. (CSE: AUAG) ("Auxico" or the "Company") has signed an option agreement with Concordia Silver Company S.A. de C.V. ("CSC") for the proposed sale of 100% of the shares of Auxico Resources S.A. de C.V. ("Auxico Mexico"), its wholly owned Mexican subsidiary.

The transaction supports Auxico's strategy to prioritize core assets, strengthen its balance sheet and advance its critical mineral projects in Colombia and Bolivia.

Transaction Summary

Under the agreement dated March 27, 2025, CSC has a 60-day option to acquire Auxico Mexico for total consideration of USD $666,666, payable in two tranches:

USD $222,222 upon execution of a definitive share purchase agreement, following a due diligence period; and
USD $444,444 upon full reinstatement of the Mineral de Zamora mining concession (Title No. 225182) by the Mexican Mining Authority.

Upon closing, CSC will assume all existing obligations of Auxico Mexico, including those related to the Zamora Property in Sinaloa, Mexico.

The transaction has been approved by Auxico's Board of Directors.

About Concordia Silver Company

Concordia Silver Company is a privately-held mineral exploration company specializing in the acquisition, financing, exploration and development of mineral properties in Mexico.

About Auxico Resources Canada Inc

Auxico is a Canadian company that was founded in 2014 and is based in Montreal, trading on the Canadian Stock Exchange (CSE) under symbol AUAG. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia and Bolivia.

Additional information on Auxico can be found on the Company's website (www.auxicoresources.com) or on SEDAR+ (www.sedarplus.ca) under "Auxico Resources Canada Inc."

The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute "forward-statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the planned studies, drill program and the development of the Minastyc, El Bento/Monte Verde or other Projects, its sampling programs, indications and other mining projects and prospects thereof, related to the Company's operations in Colombia and/or Bolivia. Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various risk factors. These factors include, among others, uncertainties arising from the COVID-19 pandemic, and general economic conditions or conditions in the financial markets. The reader is referred to the Company's public filings for a more complete discussion of such risk factors, and their potential effects, which may be accessed through the Company's profile on SEDAR+ (www.sedarplus.ca). Except as required by securities law, the Company does not intend, and does not assume any obligation, to update or revise any forward-looking information, whether as a result of new information, events or otherwise.

SOURCE Auxico Resources Canada Inc.

Pierre Gauthier, President, Auxico Resources Canada Inc., [e-mail]

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Mithril Silver and Gold: Target 2: High-Grade Samples & Second Drill Starts

https://thenewswire.com/press-releases/1kWVFRYde-target-2-high-grade-samples-second-drill-starts.html

Vancouver, British Columbia - April 10, 2025 – TheNewswire - Mithril Silver and Gold Limited

High-grade channel sample results and the second drill commenced drilling at the Target 2 area in Mithril’s Copalquin silver and gold district property, Durango State, Mexico.

EXCEPTIONAL TARGET 2 CHANNEL SAMPLING HIGHLIGHTS INCLUDE:

La Brujas workings area: 1.00m @ 21.5 g/t gold, 337 g/t silver, (LB001)

1.00m @ 7.71 g/t gold, 170 g/t silver, (LB002)

3.00m @ 3.70 g/t gold, 67.1 g/t silver, (LB006)

2.00m @ 8.80 g/t gold, 74.2 g/t silver, (LB007)

2.00m @ 7.85 g/t gold, 128 g/t silver, (LB008)

1.00m @ 28.7 g/t gold, 356 g/t silver, (LB009)

1.00m @ 15.3 g/t gold, 127 g/t silver, (LB010)

1.00m @ 21.8 g/t gold, 156 g/t silver, (LB013)

1.00m @ 4.77 g/t gold, 94.1 g/t silver, (LB015)

El Peru workings area: 9.50m @ 5.66 g/t gold, 155 g/t silver, (MEP001)

2.00m @ 26.8 g/t gold, 1,004 g/t silver, (MEP002)

1.00m @ 31.8 g/t gold, 233 g/t silver, (MEP003)

Today (Mexico time), the second drill commenced drilling at the Target 2 area of El Peru/Las Brujas as part of Mithril’s 2025, ‘district defining’ 35,000 metre drill programme, at Copalquin

Drilling at Target 1 resource area successfully intercepted the El Refugio structure 120 metres down dip on the eastern side, returning a high-grade result:

2.90m @sparkle_mt), including

0.50m @ 44.7 g/t gold, 42.7 g/t silver, from 342m

The first of a series of deep (500 metre) drill holes has been completed on the eastern side of the Target 1 resource area, successfully intercepting the projected structure at depth. With the successful ongoing drilling at the Target 1 area, the resource drilling cut-off has been extended to late May 2025

Mithril Silver and Gold Limited (“Mithril” or “the Company”) (MTH:ASX, MSG:TSXV)

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Angel Wing Metals Intercepts Gold Mineralization with Inaugural Drill Program at The La Reyna Project

https://www.newsfilecorp.com/release/247950/Angel-Wing-Metals-Intercepts-Gold-Mineralization-with-Inaugural-Drill-Program-at-The-La-Reyna-Project

April 09, 2025 2:22 PM EDT | Source: Angel Wing Metals Inc.

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - Angel Wing Metals Inc. (TSXV: AWM)

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Colibri/Tocvan Commence Drilling at Gran Pilar Gold - Silver Project Continues Expansion Zone Drilling Along Northern Corridors

Highlights:

RC Drilling Has Recommenced at Gran Pilar's Expansion Zone

Next Phase of 1,500m Planned, Potential to Expand

Follow-up on Initial Scout Drilling Success

3.1m of 19.4 g/t Au, within 106.6m of 0.6 g/t Au (JES-24-101)

16.8m of 0.4 g/t Au and 6 g/t Ag (JES-24-102)

Target Area Spans 675 meters Over Northern Zone

Results Pending for Three Core Holes

https://www.accessnewswire.com/newsroom/en/metals-and-mining/tocvan-commences-drilling-at-gran-pilar-gold-silver-project-continues-expansion-1013161

Thursday, 10 April 2025 12:08 AM

CALGARY, AB / ACCESS Newswire / April 10, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64)

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Gold Resource Corporation Reports Financial Results for 2024 Year End

https://www.businesswire.com/news/home/20250408737318/en/Gold-Resource-Corporation-Reports-Financial-Results-for-2024-Year-End

DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO)

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GoGold Reports Q2 Production at Parral to 555,479 Silver Equivalent Ounces

https://www.newsfilecorp.com/release/247855/GoGold-Reports-Q2-Production-at-Parral-to-555479-Silver-Equivalent-Ounces

April 09, 2025 8:30 AM EDT | Source: GoGold Resources Inc.

Halifax, Nova Scotia--(Newsfile Corp. - April 9, 2025) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)

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First Majestic Produces 7.7 Million AgEq Ounces in Q1 2025 Including a Record 3.7 Million Silver Ounces

https://www.newsfilecorp.com/release/247875/First-Majestic-Produces-7.7-Million-AgEq-Ounces-in-Q1-2025-Including-a-Record-3.7-Million-Silver-Ounces

April 09, 2025 7:00 AM EDT | Source: First Majestic Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV

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Heliostar Drills 8.85 Metres Grading 25.0 g/t Gold and 768 g/t Silver at the La Colorada Mine, Sonora, Mexico

HIGHLIGHTS:

8.85m grading 25.0 g/t gold and 768 g/t silver
8.55m grading 5.52 g/t gold and 121 g/t silver
3.5m grading 5.41 g/t gold and 87 g/t silver
5.5m grading 11.1 g/t gold
2.9m grading 10.5 g/t gold
4.6m grading 5.78 g/t gold
5.75m grading 4.72 g/t gold
Higher-grade intercepts demonstrate underground potential beyond the current open pit
The success of this drill program called for additional step-out drilling. Results for these drill holes are expected in Q2, 2025
La Colorada technical report update incorporating these results is expected in mid-2025


https://www.newsfilecorp.com/release/247879/Heliostar-Drills-8.85-Metres-Grading-25.0-gt-Gold-and-768-gt-Silver-at-the-La-Colorada-Mine-Sonora-Mexico

April 09, 2025 6:30 AM EDT | Source: Heliostar Metals Ltd.

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1)

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LUCA REPORTS RESULTS FOR FIRST DRILL HOLES AT CAMPO MORADO IN OVER TEN YEARS AND CELEBRATES THE MILESTONE OF ONE MILLION HOURS WITHOUT LOST-TIME INJURY AT CAMPO MORADO OPERATIONS

https://www.newswire.ca/news-releases/luca-reports-results-for-first-drill-holes-at-campo-morado-in-over-ten-years-and-celebrates-the-milestone-of-one-million-hours-without-lost-time-injury-at-campo-morado-operations-872426987.html

News provided by Luca Mining Corp. Apr 08, 2025, 07:00 ET

VANCOUVER, BC, April 8, 2025 /CNW/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68

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Defiance Silver to Acquire Mexico-Focused Green Earth Metals

https://www.newsfilecorp.com/release/247575/CORRECTION-FROM-SOURCE-Defiance-Silver-to-Acquire-MexicoFocused-Green-Earth-Metals

April 07, 2025 10:27 AM EDT | Source: Defiance Silver Corp.

This press release rectifies the version of the press release issued by Defiance Silver on April 7, 2025 at 1:00am EST in order to correct a typing error. Under the terms of the LOI, Defiance proposes to issue 4,954,613 Defiance Shares of Defiance at a price of C$0.255 per share and not C$0.0255 as announced previously.

Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent ("LOI") with Green Earth Metals Inc. ("GEMS"), a privately held company holding a portfolio of assets in Mexico. Under the terms of the LOI, Defiance proposes to acquire all issued and outstanding shares of GEMS in a strategic transaction (the "Transaction"). The terms of the Transaction are discussed further below.

Transaction Highlights:

Strategic Acquisition: Defiance proposes to acquire 100% of GEMS, a private British Columbia-based company founded by renowned discovery geoscientist Richard Osmond.
High-Quality Asset Portfolio: GEMS holds rights to three drill-permitted copper-gold-silver-molybdenum projects in Mexico's Sonoran Desert porphyry copper belt, covering a total of 6,795.22 hectares.
Prime Mining Jurisdiction: The acquired projects are strategically located near Alamos Gold's operating Mulatos Mine, where the recently permitted "Puerto del Aire" mine-extension is under development. The area hosts top tier copper deposits, including the Cananea and La Caridad Cu-Mo±Au porphyry systems—two of the largest copper mines in North America.
Significant Exploration Upside: With drill permits already in place, Defiance plans to launch a comprehensive exploration campaign, including a diamond drill program at the Victoria project.

Chris Wright, Chairman and CEO of Defiance, commented:

"This acquisition aligns with Defiance Silver's core strategy of acquiring and advancing top tier mining projects. Our goal is to develop assets that will play a leading role in the future of gold, silver, and copper mining in Mexico. The Green Earth Metals team consists of seasoned mine financiers and global mineral explorers, and we are pleased to welcome them as shareholders. Securing this portfolio of drill-ready copper-gold-silver projects in Sonora-one of the world's premier copper-gold mining jurisdictions—represents a major step forward for Defiance. This transaction strengthens Defiance's asset base, enhances its exploration potential, and reinforces our commitment to unlocking value for shareholders."

The GEMS Assets—comprising the Victoria, Espiritu and Los Ocotes project areas—offer high-grade, district-scale potential in a proven mining jurisdiction. Situated in a region known for its rich mineral endowment, these assets are surrounded by large copper, gold, and silver mines operated by leading Tier-One global mining companies.

Strategic Location Near Major Producing Mines

The GEMS assets are situated in proximity to several large, active mining operations, including:

La India Mine (Agnico Eagle)
Mulatos Mine (Alamos Gold)
Dolores Mine (Pan American Silver)
Cananea Cu-Au-Mo Mine and La Caridad Cu Mine & SXEW Plant (Grupo Mexico)

These nearby operations demonstrate the region's rich mineral potential. However, the Company and its qualified personnel have not independently verified the technical information regarding these mines and this information should not be considered indicative of mineralization on the Company's properties.

Exploration Potential

Historical exploration and sampling across the GEMS projects have identified extensive geological features indicative of a large-scale hydrothermal Cu-Au system. These findings suggest strong potential for resource expansion using modern exploration techniques.

Victoria Project – Drill-Ready Copper-Gold-Molybdenum Asset

The Victoria Project consists of two non-contiguous mineral claims totaling 1,795.22 hectares in the Sonora, Mexico mining district. This region is home to several major mining operations, including Mulatos (Alamos Gold), Dolores (Pan American Silver), and the privately owned Piedras Verdes Mine (Frontera Copper).

Victoria is located within the highly productive Sonoran Desert porphyry copper belt, an area known for hosting significant copper-gold deposits. Exploration Highlights:

Geological indicators suggest porphyry-style stockwork and breccia-hosted Cu-Mo-Au mineralization.
Strong phyllic alteration overprinting potassic alteration, leading to leached capping at the surface and low surface copper grades.

The Company is committed to advancing exploration efforts on the Victoria, Espiritu and Los Ocotes projects and unlocking the full potential of this highly prospective, district-scale opportunity.



Figure 1 - Map of location of Victoria, relative to large active mining operations

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2950/247575_07b6e0c2b420a848_001full.jpg



Figure 2 - Photo of Victoria asset showing surface alteration of large hydrothermal system

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2950/247575_07b6e0c2b420a848_002full.jpg

Espiritu Project

The Espiritu Project, located near Sahuaripa, Sonora, spans 2,711 hectares and exhibits characteristics indicative of a large, metal-bearing hydrothermal system. Despite its promising geological setting, Espiritu remains underexplored.

Espiritu is strategically positioned within the highly productive Sahuaripa region of Sonora, Mexico, approximately 100 km from several major mining operations, including:

La India Mine (Agnico Eagle)
Mulatos Mine (Alamos Gold)
Dolores Mine (Pan American Silver)

Los Ocotes Project

The Los Ocotes Project is a 2,283-hectare polymetallic vein asset located within the same regional trend as the Victoria and Espiritu projects.

The project is strategically positioned less than 40 km northeast of the La India and Mulatos gold mines and approximately 18 km northeast of Minera Alamos Inc.'s Santana Mine, a heap-leach gold operation.

Note regarding nearby mines for the Espiritu and Los Ocotes Projects: The Company and its qualified personnel have not independently verified the information on these nearby mining operations and such information is not necessarily indicative of mineralization on the Company's properties.

LOI TERMS

Under the terms of the LOI, Defiance proposes to issue common shares ("Defiance Shares") to GEMS shareholders in exchange for all of the issued and outstanding common shares of GEMS (the "GEMS Shares"), based on an exchange ratio of 1 Defiance Share for every 4.52 GEMS Shares. In total, Defiance proposes to issue 4,954,613 Defiance Shares of Defiance at a price of C$0.255 per share, for a total purchase price of C$1,250,000 (excluding the Convertible Debenture Financing – see details below).

Upon the closing of the Transaction, GEMS will become a wholly-owned subsidiary of Defiance.

In connection with the Transaction, Defiance has also agreed to invest in GEMS through an unsecured convertible debenture (the "Convertible Debenture") for a total amount of C$150,000 (the "Convertible Debenture Financing"). The Convertible Debenture will bear simple interest at 8.0% per annum and will mature two years from the closing of the Convertible Debenture Financing.

At the closing of the Transaction, the principal amount of the Convertible Debenture and accrued interest thereon will be convertible, for no additional consideration, into GEMS Shares at the option of Defiance, at a price of C$0.05 per GEMS Share, subject to customary adjustments in accordance with the terms of the Convertible Debenture certificate. Notwithstanding the foregoing, in the event the LOI is terminated or the Transaction not completed, other than as a result of the failure of GEMS shareholders to tender at least 90% of their GEM Shares in exchange for Defiance Shares, the principal amount of the Convertible Debenture and accrued interest thereon will be converted into GEMS Shares at a conversion price of C$0.05 per share in full payment of the Convertible Debenture. In the event Defiance does not complete the Transaction solely as a result of the failure of GEMS shareholders to tender at least 90% of their GEMS Shares in exchange for Defiance Shares, the Convertible Debenture will continue in accordance with its terms.

The completion of the Transaction is subject to numerous conditions customary to this type of transaction including, notably, the completion of a satisfactory due diligence on GEMS by Defiance, execution of a mutually acceptable definitive agreement between Defiance, GEMS and the shareholders of GEMS (the "Definitive Agreement") and any other ancillary agreements required to complete the Transaction, GEMS shareholders holding at least 90% of the GEMS Shares issued and outstanding having executed the Definitive Agreement, thereby accepting to tender their GEMS Shares in exchange for Defiance Shares, no material adverse change with respect to GEMS or Defiance having occurred, and the receipt of all required corporate and regulatory approvals, including the approval of the TSX Venture Exchange, and any other required approvals, consents, permits, waivers, exemptions and orders which may be required to complete the Transaction.

The Transaction is expected to be completed within a delay of approximately 75 days following the execution of the Definitive Agreement.

Qualified Person

Mr. George Cavey, P. Geo, Vice-President Exploration and Director of the Company, is a Qualified Person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this press release.

On behalf of Defiance Silver Corp.

"Chris Wright"

CEO and Chairman of the Board

For more information, please contact: Investor Relations at [phone] or via email at [e-mail].

www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: [phone]
Email: [e-mail]


About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance's corporate mandate is to advance our projects through capital-efficient exploration focused on resource growth and new mineral discoveries.

Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding anticipated benefits of the Transaction, the closing of the Transaction and the timing and terms thereof, the potential of the combined projects of both companies (the "Projects"), the satisfaction of the conditions to the Transaction; the strengths, characteristics and potential of the Transaction; growth potential and expectations regarding the timing, receipt and anticipated effects of required consents and approvals; the impact of the Transaction on Defiance, GEMS and their respective shareholders and other stakeholders; and other anticipated benefits of the Transaction.

Although Defiance believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators, and assumptions made with regard to: the Company's ability to complete the proposed Transaction; the Company's ability to secure the necessary legal and regulatory approvals required to complete the Transaction; the estimated costs associated with the advancement of the Projects; and the Company's ability to achieve the synergies expected as a result of the Transaction. Forward-looking information is subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include risks associated with the business of Defiance and GEMS; risks related to the satisfaction or waiver of certain conditions to the closing of the Transaction; non-completion of the Transaction; risks related to reliance on technical information provided by GEMS; risks related to exploration and potential development of the Projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups / local communities in the exploration and development of the Projects and the issuance of required permits; the need to obtain additional financing to develop the Projects and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as identified in Defiance's filings with Canadian securities regulators on SEDAR+ (available at www.sedarplus.ca).

The forward-looking information contained in this news release is made as of the date hereof and Defiance does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein.

SOURCE: Defiance Silver Corp.

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DynaResource Reports Year End 2024 Results Demonstrating a Return to Profitability in Q4 2024 at the San Jose de Gracia Mine

https://www.newsfilecorp.com/release/247572/DynaResource-Reports-Year-End-2024-Results-Demonstrating-a-Return-to-Profitability-in-Q4-2024-at-the-San-Jose-de-Gracia-Mine

April 07, 2025 7:01 AM EDT | Source: DynaResource, Inc.

All figures in United States Dollars ("USD").

Irving, Texas--(Newsfile Corp. - April 7, 2025) - DYNR-DynaResource, Inc. (OTCQX: DYNR)

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VIZSLA SILVER TEMPORARILY PAUSES FIELD WORK

https://www.newswire.ca/news-releases/vizsla-silver-temporarily-pauses-field-work-877805716.html

News provided by Vizsla Silver Corp. Apr 04, 2025, 16:30 ET

NYSE: VZLA TSX: VZLA

VANCOUVER, BC, April 4, 2025 /CNW/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") announces that, out of an abundance of caution, it has temporarily paused field work at the Panuco project due to current security conditions in the area. Contractors who are engaged in the development of the test mine, the geotechnical drilling campaign and the exploration program have been placed on standby and remain ready to restart as soon as security conditions permit.

This voluntary pause does not interfere with the ongoing engineering work associated with the feasibility study in progress and is not expected to materially affect the Company's budget or work program planned for 2025.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain "Forward–Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward–looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward–looking statements or information. These forward–looking statements or information relate to, among other things: the impact on the work pause on the Company's budget and work program planned for 2025.

Forward–looking statements and forward–looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla, future growth potential for Vizsla and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Vizsla's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements or forward-looking information and Vizsla has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Vizsla's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward–looking statements or forward-looking information. Although Vizsla has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla does not intend, and does not assume any obligation, to update these forward–looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SOURCE Vizsla Silver Corp.

Contact Information: For more information and to sign-up to the mailing list, please contact: Michael Konnert, President and Chief Executive Officer, Tel: [phone], Email: [e-mail], Website: www.vizslasilvercorp.ca

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Gold Resource Corporation Announces 2024 Drill Results

New Vein System With Higher Grades Adds to Future Potential

https://goldresourcecorp.com/news-releases/gold-resource-corporation-announces-2024-drill-res-10022/

Denver, Colorado – April 3, 2025 – Gold Resource Corporation (NYSE American: GORO)

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Masivo Signs Option Agreement for The Cerro Colorado Project

https://www.newsfilecorp.com/release/247287/Masivo-Signs-Option-Agreement-for-The-Cerro-Colorado-Project

April 03, 2025 4:15 PM EDT | Source: Masivo Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 3, 2025) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company") is pleased to announce that on April 1, 2025 it completed the signing of an arms-length agreement to acquire the Cerro Colorado Gold, Copper and Silver project in the state of Sonora, Mexico with Jorge Rafael Gallardo Romero, Minera GoldZone S.A. de C.V. and partners. This project is located 28 kilometres from the city of Alamos, Sonora and 11 kilometres north of the Piedras Verdes open pit copper mine, one of Mexico's largest.

"With the option agreement signed and all necessary permits already in hand. We are fully prepared to move forward," said David Coburn, CEO of Masivo Silver. "The drill targets are being carefully defined, being prioritized, and we are mobilizing immediately to begin drilling these high-grade silver zones. This is a significant milestone for the Cerro Colorado Project, and we are excited to start unlocking its full potential."

Masivo Silver Corp and Minera Goldzone agreed on:

Upon signing the definitive agreement, Masivo Silver Corp will grant 300,000 shares and begin discussions with the exploration team for an eight-hole drill program at Cerro Colorado.

Upon the first anniversary of completing the eight-hole drill program, Masivo will pay $60,000 USD and a second payment of either 1,000,000 Masivo shares or $100,000 USD.

Upon the Second anniversary Masivo will pay $70,000 USD and a second payment of either 1,500,000 Masivo shares or $150,000 USD.

Upon the third anniversary Masivo will pay $80,000 USD and a second payment of either 2,000,000 shares or $200,000 USD.

Upon the fourth anniversary Masivo will pay $100,000 USD and a second payment of either 2,500,000 shares or $250,000 USD.

Where in each selection between shares and cash, Masivo can further elect to settle a cash election using shares based on a 10-day weighted average share price formula calculating the number of shares issued. The 10-day weighted average price would begin 15 trading days before the anniversary date and end 5 trading days before the anniversary date.

Upon the 48-month anniversary and all commitments between Masivo Silver Corp and Minera Goldzone and Partners involved have been met at 100%, the concession title and all mining rights will be granted to Masivo Silver, Minera Goldzone and Partners will keep 1.5% NSR which Masivo can buy the 100% for $1,000,000 USD.

The Cerro Colorado project consists of two properties, the El Tacon Dos (Cerro Colorado) concession containing 774 Hectares (1911 Acres) and the Valle Del Cobre concession containing 1875 Hectares (4631 Acres).

Masivo Silver Corp is responsible for the environmental impact in property, Masivo is responsible to pay all duties and taxes on the mining concession, these during our mining operations in the property.

Senior Mexican Geologist Jorge Rafael Gallardo along with the guidance from Mark Bailey and Brian Brewer is very close to completing the design of an eight hole drill program which will be announced in the very near future with the commencement of drilling targeted in May of 2025. Masivo will use its $75,000 USD drill credit with a Mexican drill company to start the drilling process.

In the SW part of the project, in a collapsed tunnel on the main structure a historical sample taken from the mineralzed zone reportedly returned assay values of 2200 g/t Ag and 4.57 g/t Au. As reported in "Consejo de Recursos Naturales No Removables" (now Servicio Geologico Mexicano) according to the report, this sample was taken in November of 1972 by Ing. Adalberto Vazquez P.

Four hundred meters to the NE from the reported high-grade sample, a sieve sample of the dumps from another collapsed tunnel on this mineral concession was assayed and returned values of 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5 % Pb and 2.92% Zn. This was a selective sample and may not represent underlying mineralization.

One hundred meters to the NW of the dump, a hand-made trench was opened and resulting samples returned strong anomalies including 7.2 meters true-width with 0.75 g/t Au, 159 g/t Ag, 0.24% Cu, 0.52% Pb, 0.29% Zn. These anomalous values from the leached zone of the breccia outcrop confirm the same geochemical signature of the polymetallic sulfide mineralization found below the surface in the old workings.

On the surface, the alteration zone is heavily leached with box works of different types of sulfides that were leached are clearly observed. Surface sampling returned values of between 12 to 561 g/t Ag and anomalous values of Gold and Copper. This mineralized area falls on the same trend as the Piedras Verdes Project Mine. All recent surface, trench and dump samples taken in rock chips and channel, were sent to ALS Chemex in Sonora, Mexico with the pulps being analyzed by ALS Chemex in Vancouver, Canada with the labs strict QA/QC procedures.

Masivo continues to work with its QP Brian Brewer as he recovers from taking some personal time off, we expect assay results from the Boston Mine in the near future.

Qualified Person

Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada and has approved this news release.

About Masivo Silver Corp.

Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations is available on the Company's website at www.masivosilver.com or email davidcoburn @SamTheDog.

ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Masivo Silver Corp.

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Oroco Resources: SANTO TOMAS PROJECT MOVES FORWARD

https://www.globenewswire.com/news-release/2025/04/02/3054113/0/en/SANTO-TOMAS-PROJECT-MOVES-FORWARD.html

April 02, 2025 07:00 ET | Source: Oroco Resource Corp.

VANCOUVER, Canada, April 02, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or the “Company”) Last week in Culiacan, Sinaloa, Craig Dalziel, Oroco's Chairman, and other members of Oroco’s Senior Management Team met with Rubén Rocha Moya, the Governor of Sinaloa, Ricardo Velarde Cárdenas, Secretary of the Economy for Sinaloa, and other senior state government officials, to discuss the advancement of the Santo Tomás Copper Project in Choix, Sinaloa. The Governor recognizes the project's potential for responsible development, investment, and long-term economic growth, and confirmed the potential contribution of the Santo Tomás Project to the future of the state economy, particularly that of the Municipality of Choix. The Governor stated that his government is committed to generating good jobs in the Choix region through environmentally and socially sustainable development.

The state meeting with Governor Rocha Moya followed the prior meetings in Mexico City with Dr. Luis Rosendo Gutiérrez Romano, the Undersecretary of the Mexican Economy, and his senior staff (refer to the Oroco news release of March 26, 2025), and a subsequent technical meeting in which Ian Graham, Oroco’s President, Ubaldo Trevizo Ledezma, Santo Tomas Project Manager, and senior Oroco technical personnel presented the Santo Tomas Project to Fernando José Aboitiz Saro, Head of the Extractives Activities Coordination Unit, and Luz Hiram Olimpia Laguna Morales, Director General of Mining Development, and their technical staff. The purpose of the technical meeting was to prepare for the incorporation of the Santo Tomas Project into the Key Development Projects Registry to be maintained by the Ministry of the Economy’s Mining Coordination Office, an important element of Mexican Government support.

“The state executive and federal technical meetings continued to provide commitments of strong Mexican Government support for the Santo Tomás Project. Coordinated by Congressional Deputy Mario Zamora and his staff, these meetings have led to a responsive and supportive dialogue with Mexico’s senior economic and mine development officials and we are extremely grateful for the guidance and support. The pathway forward for the continued development of the Santo Tomas Project is now clear,” commented the Oroco Chairman, Craig Dalziel.

Read the official statement by Governor Rocha Moya at https://sinaloa.gob.mx/son-bienvenidas-las-inversiones-mineras-sustentables-y-generadoras-de-empleos-locales-gobernador-ruben-rocha/ and a sample of the extensive media coverage following the meetings can be followed from links tabled at www.orocoresourcecorp.com

ABOUT OROCO

The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares “the Core Concessions” of The Santo Tomas Project, located in northwestern Mexico. The Company also holds an 80% interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project is situated within the Santo Tomas District, which extends up to the Jinchuan Group’s Bahuerachi Project, approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization initially defined by prior exploration spanning the period from 1968 to 1994. During that time, the Project area was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000 meters. Commencing in 2021, Oroco conducted a drill program (Phase 1) at Santo Tomas, with a resulting total of 48,481 meters drilled in 76 diamond drill holes.

The drilling and subsequent resource estimates and engineering studies led to a revised MRE and an updated PEA being published and filed in August of 2024, which studies are available at the Company’s website www.orocoresourcecorp.com and by reviewing the Company profile on SEDAR+ at www.sedarplus.ca.

The Santo Tomás Project is located within 170 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached, in part, by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.

Additional information about Oroco can be found on its website and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

For more information, please contact:

Craig Dalziel, Chairman
Oroco Resource Corp.
Tel: [phone]
Email: [e-mail]
www.orocoresourcecorp.com

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included herein, including, without limitation, statements relating to future events or achievements of the Company, and the use of funds from the Offering, are forward-looking statements. There is no assurance that the proceeds of the Offering will be expended as contemplated. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.



Contact Data Christy Fabros Oroco Resource Corp. [phone] [e-mail]

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DynaResource Announces Metallurgical Test Work Results with Greater than 95% Gold Recovery

https://www.newsfilecorp.com/release/247121/DynaResource-Announces-Metallurgical-Test-Work-Results-with-Greater-than-95-Gold-Recovery

April 03, 2025 7:00 AM EDT | Source: DynaResource, Inc.

All figures in United States Dollars ("USD").

Irving, Texas--(Newsfile Corp. - April 3, 2025) - DYNR-DynaResource, Inc. (OTCQX: DYNR)

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Equinox Gold Provides Update on the Los Filos Mine

https://www.newsfilecorp.com/release/246893/Equinox-Gold-Provides-Update-on-the-Los-Filos-Mine

April 01, 2025 7:00 AM EDT | Source: Equinox Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") has indefinitely suspended operations at its Los Filos Mine in Guerrero, Mexico, following the expiry of its land access agreement with the community of Carrizalillo on March 31, 2025.

Long-term agreements with all three local communities are essential to provide the economic and investment conditions necessary for continued operations at the Los Filos Mine, including the proposed construction of a new 10,000 tonnes-per-day carbon-in-leach processing plant to increase gold recoveries from higher-grade ore.

Equinox Gold has been engaged in collaborative discussions with the three communities that host the mine since November 2023. Consensus on terms was reached in January 2025, and new long-term agreements were subsequently ratified and signed with the Mezcala and Xochipala communities. To date, Carrizalillo has not signed a new long-term agreement with the Company.

Equinox Gold has not included any production from the Los Filos Mine in its 2025 production guidance.

About Equinox Gold

Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas. The Company has operating gold mines in Canada, the USA and Brazil, and a path to achieve more than one million ounces of annual gold production from a pipeline of expansion projects. Equinox Gold's common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold's portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at [e-mail].

Equinox Gold Contacts

Greg Smith, President & CEO
Rhylin Bailie, Vice President Investor Relations
Tel: [phone]
Email: [e-mail]

Cautionary Notes & Forward-Looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation. Forward-Looking statements and forward-looking information in this news release relate to, among other things: the strategic vision for the Company and expectations regarding production capabilities; the Company's ability to secure new long-term agreements with all three communities at Los Filos; and the long-term potential at Los Filos due to the suspension of operations. Forward-Looking statements or information generally identified by the use of the words "indefinitely", "continued", "proposed", "increase", "path to achieve", and similar expressions and phrases or statements that certain actions, events or results "could", "would" or "should", or the negative connotation of such terms, are intended to identify forward-looking statements and information. Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. The Company has based these forward-looking statements and information on the Company's current expectations and projections about future events and these assumptions include: Equinox Gold's ability to secure new long-term agreements with the three communities at Los Filos; the duration of the suspension of operations at Los Filos; the Company's ability to achieve the production, cost and development expectations for its respective operations and projects; prices for gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and future cash requirements; ramp-up at Greenstone being completed and performed in accordance with current expectations; the expansion projects at Aurizona and Castle Mountain being completed and performed in accordance with current expectations; tonnage of ore to be mined and processed; ore grades and recoveries remaining consistent with mine plans. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release.

The Company cautions that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements and information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and Indigenous populations; the potential effect of blockades and community issues on the Company's production and cost estimates; the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry; and those factors identified in the Company's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the Company's most recently filed Annual Information Form, both of which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-Looking statements and information are designed to help readers understand management's views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, the Company assumes no obligation to publicly announce the results of any change to any forward-looking statement or information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements and information. If the Company updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements and information contained in this news release are expressly qualified in their entirety by this cautionary statement.

SOURCE: Equinox Gold Corp.

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Heliostar to Commence 15,000m Ana Paula Drill Program

https://www.newsfilecorp.com/release/246653/Heliostar-to-Commence-15000m-Ana-Paula-Drill-Program

March 31, 2025 6:30 AM EDT | Source: Heliostar Metals Ltd.

Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce an aggressive drill-out of the Company's 100% owned Ana Paula deposit. The company will mobilize two drill rigs in April to commence the program.

Heliostar CEO Charles Funk comments, "We have always wanted to push harder at Ana Paula, and now we can commence the largest drill program in the Company's history. We see potential to further improve the resource at Ana Paula. The program will infill the current resource, step out to expand its boundaries and explore untested areas on the property. Both we and our shareholders have been keen for this opportunity, and it's time to turn the rigs loose at Ana Paula."

Ana Paula Drill Program



Figure 1: A plan map of the Ana Paula 2023 Mineral Resource clipped to greater than 2g/t gold. Select Infill and Exploration targets labelled.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_001full.jpg

The 2025 program will focus on three aspects to improve the Ana Paula resource:

Infill Drilling - Section-by-section drilling on the preferred north-to-south orientation. This will focus on converting inferred ounces to higher confidence categories for underground mining at the High Grade and Parallel Panels (Figure 1).

Testing the Extent of Satellite Zones - We will follow up on recent drill intercepts that include 16.0 metres at 16.7 grams per tonne (g/t) gold to the west of the High Grade Panel and 24.0 metres at 5.1 g/t gold over 150 metres beneath the High Grade Panel (Figure 2).

Testing Exploration Targets North of the Parallel Panel - The 2023 resource estimate highlights a number of poorly defined high-grade gold intercepts. These intercepts model as discrete zones of high-grade mineralization but remain poorly defined due to a lack of drilling. Heliostar believes these may be repetitions to the north of the interpreted east-west fault controls that host the High Grade Panel and Parallel Panels. They represent excellent exploration targets for the growth of the Ana Paula deposit (Figure 3).



Figure 2: A cross-section with the resource model from 2023 Mineral Resource Estimate highlighting the High Grade Panel (clipped to greater than 2 g/t gold resource blocks) and hole AP-24-319, an open deeper intercept to be followed up with the planned program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_002full.jpg



Figure 3: A north-south section through the 2023 Ana Paula Resource. Major zones, the High Grade Panel, Parallel Panel and Expansion Zone, are labelled along with new northern exploration targets that will be tested in the 2025 drilling program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_003full.jpg

The company expects the drill program to be continuous through the remainder of 2025 and provide steady newsflow over this period.

Statement of Qualified Person

Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Harris is employed as Exploration Manager of the Company.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: [e-mail]
Phone: [phone] Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: [e-mail]
Phone: [phone]



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, we see potential to improve the resource at Ana Paula. The program will infill the current resource, step out to expand its boundaries, and explore untested areas on the property, and, they represent excellent exploration targets for growth of the Ana Paula deposit.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SOURCE: Heliostar Metals Ltd.

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LUCA MINING ANNOUNCES COMMERCIAL PRODUCTION AT TAHUEHUETO AND PROVIDES 2025 PRODUCTION GUIDANCE

https://www.newswire.ca/news-releases/luca-mining-announces-commercial-production-at-tahuehueto-and-provides-2025-production-guidance-847051600.html

News provided by Luca Mining Corp. Mar 31, 2025, 07:00 ET

VANCOUVER, BC, March 31, 2025 /CNW/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68

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Capitan Silver Announces the Commencement of Drilling at Its Cruz De Plata Project

https://www.newsfilecorp.com/release/246643

March 31, 2025 7:00 AM EDT | Source: Capitan Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Capitan Silver Corp. (TSXV: CAPT) ("Capitan" or "the Company") is pleased to announce it has commenced drilling at its Cruz de Plata silver-gold project, located in Durango, Mexico.

As previously announced on March 3, 2025, the Phase 1 exploration program will target an initial 10,000 metres of reverse circulation (RC) drilling and will be focused on high-priority silver targets that have been identified to date from previous work programs. The following priorities will be included in the Phase 1 exploration program:



Figure 1. First reverse-circularion drill hole of 2025 at Capitan Silver's Cruz de Plata silver-gold project in Durango, Mexico. Hole is testing Jesus María vein.

To view an enhanced version of this graphic, please visit:
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Phase 1 drill program and planned work

Definition and step out drilling of high-grade silver mineralization at Jesus Maria: Since the conclusion of drilling in 2022, surface sampling in 2023 and 2024 has continued to outline and confirm continuity of high-grade silver veins and structures on surface, with grab samples returning values between 200 and 913 g/t Ag on the recently acquired Fresnillo claims. New interpretations have linked this new zone of mineralization with the Jesus María vein, expanding the surface footprint of high-grade silver mineralization to 2.6km in strike, with 1.3km already confirmed to date in shallow, widely-spaced drilling.

Previously announced drill highlights include:

JM_DDH_13_06: 0.9m of 3,567 g/t AgEq within a wider interval of 13.7m of 381.06 g/t AgEq

22-JMRC-22: 1.5m of 1,431.68 g/t AgEq within a wider interval of 10.7m of 314.54 g/t AgEq

21-JMRC-03: 1.5m of 739.6 g/t AgEq, and 1.5m of 800.0 g/t AgEq and 1.5m @ 595.5 g/t AgEq within a wider interval of 10.7m @ 403.43 g/t AgEq

The 2025 Phase 1 drilling program will focus on delineating high-grade Silver mineralization on the recently acquired Fresnillo claim, which has seen very little historic drilling. Mineralization along this zone remains open along strike, down-dip and towards surface (See zone A in Figures 1 & 2 below).

Step out drilling along the Gully Fault zone to the northeast (NE): The Gully Fault zone is of particular interest as it is a younger style of mineralization that overprints the high-grade, silver-polymetallic veins at Jesus Maria. The Gully Fault has a different style of mineralization which is characterized by high grade silver with gold. Previous drilling has intersected impressive silver grades with previously announced drill highlights including:

JM_DDH_14_24: 7.15m of 1,024.4 g/t AgEq within a wider interval of 42.0m of 244.72 g/t AgEq

21-JMRC-01: 1.5m @ 1,099.3 g/t AgEq and 1.5m @ 1,267.2 g/t AgEq within a wider interval of 42.7m @ 207.82 g/t AgEq

21-JMRC-10: 1.5m @ 2,250.1 g/t AgEq within a wider interval of 16.8m @ 309.82 g/t AgEq

For the 2025 phase 1 drill program, the Company intends to continue tracing Gully Fault style, high-grade silver-gold mineralization down-plunge to the southwest, as well as evaluate its potential to the northeast, especially where it is interpreted to intersect the east-west trending Santa Theresa Fault. Grab samples in this area of limited outcrop exposure have returned values ranging from 150 to 460 g/t Ag. Numerous, historic pits and mine workings have also been located along this trend (See zone B in Figures 2 & 3 below).

Develop drill targets on parallel silver mineralized structures to the north of Jesus Maria: Additional work programs will be focused on advancing drill targets on secondary mineralized structures that occur parallel to the north of the main Jesus Maria silver trend. In total there are 8 silver mineralized structures that have been identified at Cruz de Plata for a cumulative strike of 7km. The Jesus Maria vein is the most advanced. The goal of this work program would be to focus on target generation and preparing these prospective structures for future drilling (See zone C in Figure 2 below).

Capitan Silver's CEO has stated "It is great to have the rig active at Cruz de Plata testing the targets that our team has defined or further refined over the last months. We are excited to be active with drilling following up on the great results we had previously, starting with testing the expansion of our two most advanced silver targets: Jesus Maria and Gully Fault. I am very confident of the high quality these targets have already shown with previous drilling and look forward to drill assays in coming weeks and months as we continue to add value to Cruz de Plata."



Figure 2. Vertical long section of Cruz de Plata high-grade silver trend.

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Figure 3. Target map of Cruz de Plata project showing exploration priorities for the Phase I exploration program in this release. A) On-strike extension to the East of Jesus María vein; B) NE on-strike extension of Gully Fault zone; C) Additional surface work to refine new drill targets north of Jesús María vein; D) Resource update of Capitan hill disseminated oxide gold deposit.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7373/246643_53c1907bf4311819_004full.jpg

About Capitan Silver Corp.

Capitan Silver (TSXV: CAPT) is a Canadian exploration company focused on advancing its Cruz de Plata silver gold project located in Durango, Mexico. The Company is led by a management team that has successfully advanced and developed several precious-metal operations in Mexico over the past 16 years.

Overview: Cruz de Plata Silver Project

The 2,551-hectare Cruz de Plata Silver-Gold project is located within the Altiplano region of the State of Durango, one of the safest States in Mexico in recent years. Access to the project site is excellent from either Durango or Torreon, with exploration permitted year round.

The project area is the birthplace of the Peñoles Mining Company with historic mining dating back to 1887. These historical mines are contained within a well-defined, outcropping, high-grade silver trend and include the Jesús María (2.5Km strike length), Santa Teresa (1.8Km length), San Rafael North (1.3Km) vein trend. These veins are believed to be part of a much larger Intermediate sulfidation system that stretches across the Cruz de Plata property. Grades from historic mining along with these veins ranged from 300 to 2,000 g/t Ag, 3-12% Pb, and 4-10% Zn. The style of mineralization at the Cruz de Plata Silver belt is mostly Intermediate sulfidation.

Drilling by the Company and previous operators has focused mostly on the Jesús María vein system as well as along cross-cutting Gully Fault Ag-Au zone. Drill highlights include:

JM_DDH_13_06: 0.9m of 3,567 g/t AgEq within a wider interval of 13.7m of 381.06 g/t AgEq

21-JMRC-10: 1.5m @ 2,250.1 g/t AgEq within a wider interval of 16.8m @ 309.82 g/t AgEq

21-JMRC-01: 1.5m @ 1,099.3 g/t AgEq and 1.5m @ 1,267.2 g/t AgEq within a wider interval of 42.7m @ 207.82 g/t AgEq

22-JMRC-22: 1.5m of 1,431.68 g/t AgEq within a wider interval of 10.7m of 314.54 g/t AgEq

JM_DDH_14_24: 7.15m of 1,024.4 g/t AgEq within a wider interval of 42.0m of 244.72 g/t AgEq

JM_DDH_13_07: 2.0m of 970.77 g/t AgEq within a wider interval of 6.0m of 368.3 g/t AgEq including

21-JMRC-03: 1.5m of 739.6 g/t AgEq, and 1.5m of 800.0 g/t AgEq and 1.5m @ 595.5 g/t AgEq within a wider interval of 10.7m @ 403.43 g/t AgEq

JM_DDH_14_10: 4.3m of 786.5 g/t AgEq within a wider interval of 40.6m of 160.05 g/t AgEq

(1) Silver equivalent calculated using the following equation: Ageq = (Ag x 0.94) + (Au x 0.86 x 80) + (Zn x 0.037 x 0.935) + (Pb x 0.03 x 0.92)
(2) For further detail see appendix 1 and 2 and press releases dated February 16 2022, 08 March 2022, May 02 2022, June 29, 2022, January17, 2023.
(3) AgEq grades are now calculated using metal recoveries. Intervals from historic press releases may not match current release

The Jesús María vein has been drill tested over a strike length of approximately 1.3km and remains open on its eastern side as well down-dip to the south. All historic drilling by the company and previous operators have returned Jesus Maria style mineralization, with no holes missing their intended target. Other targets outside of the Jesus Maria area have seen limited to no drill testing. To date several multi-kilometer silver trends have been identified at Cruz de Plata with a cumulative strike length of +7km.

In addition, the project contains the Capitan disseminated oxide gold deposit which is located in the hanging wall to the Jesús María Vein, approximately 150-300m to its south. This zone represents the top of the mineralized system and has similarities to the nearby El Castillo and San Agustin oxide gold mines that were advanced, built and operated by member's of Capitan's management team.

More information for the Company can be found at www.capitansilver.com.

ON BEHALF OF CAPITAN SILVER CORP.

"Alberto Orozco"

Alberto Orozco, CEO

For additional information contact:

Alberto Orozco
CEO
Capitan Silver Corp.
[e-mail]
Phone: [phone]
www.capitansilver.com

IR Team
Capitan Silver Corp.
[e-mail]
Phone: [phone]
www.capitansilver.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., "expect", "estimates", "intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks -- including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Capitan in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Capitan Silver Corp.

[Lone Clone]

Kingsmen Reports Successful Completion of 3D IP Survey

https://www.newsfilecorp.com/release/246285/Kingsmen-Reports-Successful-Completion-of-3D-IP-Survey

March 27, 2025 8:30 AM EDT | Source: Kingsmen Resources Ltd

Vancouver, British Columbia--(Newsfile Corp. - March 27, 2025) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) ("Kingsmen" or the "Company") is pleased to report the results from a very successful 3D induced polarization-resistivity (3D IP) survey on its 100% owned Las Coloradas project, which is in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.

The survey, conducted by Geofisica TMC, S.A. de C.V., identified five new high priority drill targets associated with high chargeability/high resistivity zones. These new targets are in addition to the drill targets already selected by the Kingsmen. A total of 14 holes have now been proposed for drilling in the initial drill program. This survey, over approximately 1/3 of the project area, covered priority areas identified by Kingsmen's prospecting, mapping, sampling and ground magnetic surveys. These areas surveyed included historic workings and the past producing underground Las Coloradas mine.

President, Scott Emerson, commented: "The 3D IP Survey both confirmed and further defined key targets and gives us great confidence to have a successful drilling program."

Figure 1 illustrates the extent of high chargeability at -150 meters depth associated with the mineralized structures. This is below the level of the water table and below the level ASARCO mined. The Mine target includes the old Las Coloradas mine on the SE end of the Soledad structure/vein system, and adjacent mineralized structures. The Leona target covers an area of old high-grade workings approximately 530 meters long on the NW end of the Soledad II structure. The Aguilar target covers an area of old high-grade workings approximately 250 meters long on the NW end of the Soledad structure/vein system. The depth extent of the mineralization and the newly identified chargeability anomalies have never been drill tested.

The survey consisted of 16 km of IP completed with the 3D off-set pole-dipole electrode array. The grid consisted of 4 adjacent blocks of closely spaced profiles covering an area of approximately 1.6 km by 1.8 km. Nineteen lines were oriented N35º/N215º or N45º/N225º, while the remaining five were regrouped in the southeast of the survey zone and oriented N145º/325º. The data was exported to a RES3DINV compatible file prior to carrying out an inversion of the data. The model was extended to 525 m below the surface. Apparent resistivity and chargeability model 2D sections were extracted from the 3D IP inversion voxels as were resistivity and chargeability slices at vertical depths of 100 to 500 meters.



Figure 1

To view an enhanced version of this graphic, please visit:
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About Las Coloradas
The Las Coloradas Project (8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.

Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt, and is located approximately 30 kilometers southeast of the city of Hidalgo de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbara mining districts where several old major mines are located, such as La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map: https://www.kingsmenresources.com/area-history.

Qualified Person

Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.

About Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its 100% held Las Coloradas Project located in the prolific mining district of Parral Mexico. The project hosts the historic past producing high-grade silver mine, Las Coloradas. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits. In addition, the Company has a 1% NSR on the La Trini claims which form part of the Los Ricos North project operated by GoGold Resources Inc. in Mexico. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) and is headquartered in Vancouver, British Columbia.

On behalf of the Board,

Signed: "Scott Emerson"

Scott Emerson, President & CEO
Phone: [phone]
Email: [e-mail]

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement:

Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news.

SOURCE: Kingsmen Resources Ltd

[Lone Clone]

Oroco Resource: ADVANCING THE SANTO TOMÁS PROJECT

https://www.globenewswire.com/news-release/2025/03/26/3049490/0/en/ADVANCING-THE-SANTO-TOM%C3%81S-PROJECT.html

March 26, 2025 07:00 ET | Source: Oroco Resource Corp.

VANCOUVER, Canada, March 26, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or the “Company”). This week in Mexico City, Craig Dalziel, OCO's Chairman, and other members of Oroco’s Senior Management Team met with Dr. Luis Rosendo Gutiérrez Romano, Undersecretary of the Mexican Economy, and other senior federal and state government officials to discuss the continued advancement of the Santo Tomás Copper Project in Choix, Sinaloa.

The Mexican government officials recognized the project's potential for responsible development, investment, and long-term economic growth and confirmed the potential contribution of the Santo Tomás Project to the future of its regional economy.

“These meetings, of both an executive and technical nature, have exceeded all our expectations regarding the support of the Mexican Federal Government for the advancement of the Santo Tomás Project. Initiated by Congressional Deputy, Mario Zamora, these meetings have led to the establishment of a clear dialogue with Mexico’s senior economic and mine development decision makers. We could not be more pleased with the result of these meetings,” stated Mr. Dalziel.

Read the official statement recorded in the state gazette from the Office of Mario Zamora here: Government of the State of Sinaloa and can be viewed as translated on the Oroco blog here: www.orocoresourcecorp.com

ABOUT OROCO

The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares “the Core Concessions” of The Santo Tomas Project, located in northwestern Mexico. The Company also holds an 80% interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project is situated within the Santo Tomas District, which extends up to the Jinchuan Group’s Bahuerachi Project, approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization initially defined by prior exploration spanning the period from 1968 to 1994. During that time, the Project area was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000 meters. Commencing in 2021, Oroco conducted a drill program (Phase 1) at Santo Tomas, with a resulting total of 48,481 meters drilled in 76 diamond drill holes.

The drilling and subsequent resource estimates and engineering studies led to a revised MRE and an updated PEA being published and filed in August of 2024, which studies are available at the Company’s website www.orocoresourcecorp.com and by reviewing the Company profile on SEDAR+ at www.sedarplus.ca.

The Santo Tomás Project is located within 170 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached, in part, by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.

Additional information about Oroco can be found on its website and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

For more information, please contact:

Craig Dalziel, Chairman
Oroco Resource Corp.
Tel: [phone]
Email: [e-mail]
www.orocoresourcecorp.com

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included herein, including, without limitation, statements relating to future events or achievements of the Company, and the use of funds from the Offering, are forward-looking statements. There is no assurance that the proceeds of the Offering will be expended as contemplated. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law



Contact Data Christy Fabros Oroco Resource Corp. [phone] [e-mail]

[Lone Clone]

Colibri/Tocvan Core Drilling Discovers High Grade Gold Mineralization 300 metres East of Main Zone - Returning 21.6 g/t Gold and 209 g/t Silver Over 3.0 metres at the El Pilar Gold-Silver Project

https://www.newsfilecorp.com/release/246154/Colibri-and-Partner-Core-Drilling-Discovers-High-Grade-Gold-Mineralization-300-metres-East-of-Main-Zone-Returning-21.6-gt-Gold-and-209-gt-Silver-Over-3.0-metres-at-the-El-Pilar-GoldSilver-Project

March 26, 2025 9:27 AM EDT | Source: Colibri Resource Corporation

Dieppe, New Brunswick--(Newsfile Corp. - March 26, 2025) - Colibri Resource Corporation (TSXV: CBI)

[Lone Clone]

Goldgroup Begins High-Impact Exploration at Cerro Prieto and New Gold Zones

https://thenewswire.com/press-releases/1k3wFORZe-goldgroup-begins-high-impact-exploration-at-cerro-prieto-and-new-gold-zones.html

March 26, 2025 – TheNewswire - Vancouver, British Columbia: Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX-V: GGA, OTC: GGAZF) is pleased to announce that a high impact exploration program is underway at the Company’s 100% owned and operational Cerro Prieto gold mine in Sonora state, Mexico.

The program comprises approximately 6,000 metres of diamond core drilling, an induced polarization geophysical survey and surface trenching. Drilling is concentrated near mine at the Nuevo Esperanza and Reyna mineralized zones adjacent to the Esperanza zone, where the mine is currently producing from. This main Esperanza zone remains open to the north and west. In addition, some test drilling will be allocated to the previously mined South Pit where an opportunity has been identified to possibly reactivate mining from this area at low cost, to extract remaining accessible resources via a small pit pushback. Additionally, one kilometre south of the mine, along the major Cerro Prieto shear zone, several newly discovered mineralized zones will be further examined through surface trenching and possible geophysical surveying during the campaign.

Mr. Ralph Shearing, CEO, commented, “The upside potential at Cerro Prieto is incredibly exciting, promising substantial expansion and new opportunities for growth. We intend to maximize and optimize this mine to its very best performance. As our foundational asset, Cerro Prieto will remain central to our strategy as we advance toward becoming a leading intermediate gold producer.”

The Cerro Prieto open pit gold mine has been in production since 2013 and is currently producing approximately 11,500 ounces gold per year. One of the key objectives of the exploration program is to delineate additional resources to immediately add to the mine plan, enabling significantly increased annual production. The company is well advanced with the installation of a second crushing circuit to increase production, targeting at least 24,000 ounces annually from ongoing mining, with an expected completion schedule near the end of April.

A second initiative, currently in the final engineering and planning stage with an independent consultant, should allow the company to initiate a re-leaching of the existing leach pads to recover residual gold. The leach pads, by years end will contain more than 10 million tons of crushed mineralized rock available for reprocessing with an estimated grade of 0.40 g Au/tonne. Internal column leach testing indicates recoveries of 40% are possible from previously leach material. Estimated capital costs and economics, for this stand-alone project, will be available upon completion of the independent engineering study, expected before the end of April 2025.

Cerro Prieto encompasses a large 4,300-hectare project area along a prolific shear zone. The project hosts low-sulphidation epithermal quartz-gold veins with excellent leach kinetics, along with larger-scale mineralized stockwork targets.

About Goldgroup Mining

Goldgroup is a Canadian-based mining Company that owns and operates the Cerro Prieto heap-leach gold mine located in the State of Sonora, Mexico and is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.

Ralph Shearing, PGeol. (Alberta) a qualified person under NI 43-101 and, CEO of the Company, has reviewed and approved the technical disclosure contained in this news release.

For further information on Goldgroup, please visit www.goldgroupmining.com

On behalf of the Board of Directors

Ralph Shearing

CEO
[phone]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered “forward-looking information” (within the meaning of applicable Canadian securities law) and “forward-looking statements” (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Actual results could differ materially from the conclusions, forecasts and projections contained in such forward-looking information.

These forward-looking statements reflect Goldgroup’s current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors including, without limitation: receipt of all required stock exchange and regulatory approvals in connection with the Private Placement and the business of the Company; the completion of the Private Placement as planned; the proposed use of proceeds raised pursuant to the Private Placement and the Company’s plans at the Cerro Prieto project; the scope, duration and impact of the COVID-19 pandemic; the scope, duration and impact of regulatory responses to the pandemic on the employees, business and operations; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup’s projects; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup’s title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup’s need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup’s lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup’s properties, as well as the risk factors disclosed in Goldgroup’s Annual Information Form and MD&A. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.

Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.

[Lone Clone]

Torex Gold Reports First Copper Concentrate Production from Media Luna

Processing plant tie-ins and restart complete; commercial production expected in coming weeks

https://www.newsfilecorp.com/release/245893/Torex-Gold-Reports-First-Copper-Concentrate-Production-from-Media-Luna

March 24, 2025 6:00 PM EDT | Source: Torex Gold Resources Inc.

(All amounts expressed in U.S. dollars unless otherwise stated)

Toronto, Ontario--(Newsfile Corp. - March 24, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) announces completion of the four-week tie-in period for the Media Luna Project ("Media Luna") and first production of precious metal-rich copper concentrate.

Jody Kuzenko, President and CEO of Torex, stated:

"Following almost three years to the day of the release of our feasibility study for the Media Luna Project, we have completed the tie-in period at our processing plant and achieved first production of copper concentrate. This milestone represents substantial completion of the project and the beginning of the next chapter in the evolution and growth of Torex as we become a gold and copper producer.

"Execution of this tie-in period was a massively complex undertaking; however, in true Torex style, it was executed with precision and excellence. In total, 83 tie-ins were completed and 136 separate systems commissioned. We expect to begin trucking copper concentrate in the coming days and have contracts in place to deal with all facets of sales and logistics. Commercial production remains on track to be achieved over the coming weeks.

"Mining has continued throughout with production rates at Media Luna ramping up and ore is now being transported via the Guajes Tunnel conveyor. Monthly development rates remain above the budgeted 1,200 metres and we have now drilled off 88 stopes, including 46 of the 60 stopes planned to be mined in 2025, 35 from 2026, and 7 from 2027. Throughput levels are expected to increase further once the paste plant is commissioned in the second quarter. Based on current development rates, we remain confident in our ability to deliver steady-state mining rates of 7,500 tonnes per day by mid-2026, six months ahead of the schedule set out in the Feasibility Study.

"I would like to thank all the Torex employees and contractors that made the development of Media Luna a success, as well as our shareholders who have supported us throughout the build. As we pivot to strong free cash flow generation mid-year, we are confident that we will significantly enhance shareholder value by reinvesting in drilling to further grow reserves and resources, developing our next mine at EPO, returning capital through dividends and share buybacks, and strengthening the balance sheet to support accretive growth opportunities."

ABOUT TOREX GOLD RESOURCES INC.
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. The Company's principal asset is the Morelos Complex, which includes the El Limón Guajes ("ELG") Mine Complex, the Media Luna Mine, the EPO Project, a processing plant, and related infrastructure. Production from the Morelos Complex commenced in 2016 and an updated Technical Report for the Morelos Complex was released in March 2022. Torex's key strategic objectives are: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOREX GOLD RESOURCES INC.
Jody Kuzenko
President and CEO
Direct: [phone]
[e-mail]

Dan Rollins
Senior Vice President, Corporate Development & Investor Relations
Direct: [phone]
[e-mail]

QUALIFIED PERSON
The technical and scientific information in this press release has been reviewed and approved by Dave Stefanuto, P. Eng, Executive Vice President, Technical Services and Capital Projects of the Company, and a qualified person under National Instrument 43-101.

CAUTIONARY NOTES ON FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding: commercial production remains on track to be achieved in coming weeks; Torex will become a gold and copper producer; the Company expects to begin trucking copper concentrate in the coming days; throughput levels are expected to increase further once the paste plant is commissioned in the second quarter; based on current development rates, the Company remains confident in its ability to deliver steady-state mining rates of 7,500 tonnes per day by mid-2026, six months ahead of the schedule set out in the Feasibility Study; as the Company pivots to strong free cash flow generation mid-year, the Company is confident that it will significantly enhance shareholder value by reinvesting in drilling to further grow reserves and resources, developing the next mine at EPO, returning capital through dividends and share buybacks, and strengthening the balance sheet to support accretive growth opportunities; Torex's key strategic objectives are: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "planned", "guided", "strategy", "target", "goal", "objective", "aim" or variations of such words and phrases or statements that certain actions, events or results "will", or "is expected to" occur or the Company "remains confident" will occur. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks and uncertainties identified in the Company's technical report (the "Technical Report") released on March 31, 2022, entitled "NI 43-101 Technical Report ELG Mine Complex Life of Mine Plan and Media Luna Feasibility Study", which has an effective date of March 16, 2022, Company's annual information form ("AIF") and management's discussion and analysis ("MD&A") or other unknown but potentially significant impacts. Forward-looking information is based on the reasonable assumptions, estimates, analyses, and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws. The Technical Report, AIF, and MD&A are available filed on SEDAR+ at www.sedarplus.ca and available on the Company's website at www.torexgold.com.

SOURCE: Torex Gold Resources Inc.

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Almaden Files Memorial Documentation for US$1.06 billion Damages Claim Against Mexico

https://www.globenewswire.com/news-release/2025/03/21/3047010/0/en/Almaden-Files-Memorial-Documentation-for-US-1-06-billion-Damages-Claim-Against-Mexico.html

March 21, 2025 07:30 ET | Source: Almaden Minerals Ltd.

VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) announces that it has filed its memorial submission (“Memorial”) relating to its international arbitration proceedings (the “Claim”) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”) with the United Mexican States (“Mexico”).

The Claim is being prosecuted pursuant to the established and enforceable legal framework of the International Centre for Settlement of Investment Disputes and is financed by up to US$9.5 million in non-recourse litigation funding provided by a leading legal finance counterparty (see June 27, 2024 press release).

As further explained in the Company’s June 27, 2024 press release, Almaden is pursuing this Claim together with Almadex Minerals Ltd. (“Almadex”), on behalf of themselves and their Mexican subsidiaries (the “Claimants”). Prior to the illegal acts of Mexico which resulted in the complete loss of the investment, Almaden held 100% of the Ixtaca precious metals project in Mexico (the “Project”), while Almadex held a 2.0% NSR royalty on the Project.

The Memorial outlines how Mexico breached its obligations under the CPTPP through actions which blocked the development of the Ixtaca project and ultimately retroactively and arbitrarily terminated the Company’s mineral concessions. Specifically, the Memorial demonstrates how Mexico (i) unlawfully expropriated the Claimants’ protected investments without any compensation; (ii) failed to accord the Claimants’ protected investments fair and equitable treatment; and (iii) unlawfully discriminated against the Claimants and their protected investments.

Based on a valuation by an independent quantum expert, the Claimants are seeking damages of US$1.06 billion, in the aggregate. This number will be further updated as the Claim proceeds, to reflect future movements in precious metal prices, exchange rates, interest rates, and other factors.

The Claimants’ legal counsel for this arbitration are Boies, Schiller, Flexner, LLP, and RíosFerrer + Gutiérrez, S.C.

Background to the Claim

In March, 2015, an ejido community (“Ejido”), declared itself Indigenous and in April, 2015, filed a lawsuit (“Lawsuit”) against Mexico (the President, Congress, Ministry of Economy, Directorate of Mines, Mining Registry Office), claiming that Mexico’s mineral title system was unconstitutional because Indigenous consultation was not required before the granting of mineral title. Under Mexican law, an ejido refers to a form of communal land tenure where a group of individuals, known as ejidatarios, collectively own and manage agricultural land.

The Ejido in question is a small, remote mountain village of approximately 150 residents, located at an altitude of 2,569 meters, a higher elevation than the Project. It is situated entirely outside the Project’s “area of influence” as defined in the Company’s environmental permit application of February, 2019, approximately 45 minutes to an hour by car from the Project site. The Ejido lands cover an area of approximately 330 hectares, in the southeastern portion of the mineral concessions which were owned by the Company and which underpinned the Project. The Lawsuit was supported by internationally funded non-governmental organizations.

Upon learning of the Lawsuit, Almaden immediately sought to relinquish approximately 7,000 hectares of its mineral title area including the portion overlapping with the Ejido lands, believing that this would address the Ejido’s concerns. The reduced title area was confirmed by the Mexican mining authorities in 2017. However, the Ejido appealed this reduction, and in late 2020 the Mexican courts confirmed that the Company was obligated to continue in its possession of the larger title area.

In 2018, President Lopez-Obrador (“AMLO”) came into power in Mexico. The AMLO regime is widely recognized as having been hostile to the mining industry, in particular foreign mining companies that owned or sought to develop mining projects in Mexico.

In 2022, Mexico’s Supreme Court (“SCJN”) ruled on the Lawsuit. In effect, the SCJN ruling concluded that the Mexican mining law was not unconstitutional, but that the Mexican mining authority (“Economia”) had improperly issued the Claimants’ mineral titles as it had not incorporated Mexico’s Indigenous consultation obligations into the mineral title issuance procedures. The SCJN required that the Company’s two mineral titles be suspended, in order that the Company’s mineral title applications, originally made in 2002 and 2008 and approved in 2003 and 2009, could be reissued by Economia after it complied with its Indigenous consultation obligations.

The rights endowed by the Company’s mineral titles were suspended in June, 2022, and the Company began working cooperatively with Economia to facilitate what it thought would be the first ever Indigenous consultation in Mexico in respect of the granting of mineral titles. In October, 2022 however, the head of Economia was replaced and the Company’s access to Economia ceased.

In February, 2023 Economia filed a notice with the courts charged with implementing the SCJN decision, seeking to deny the two mineral title applications retroactively. The notice claimed that the applications contained alleged de minimis technical faults, despite Economia’s acceptance of the mineral title applications and grant of the mineral titles in 2003 and 2009. By alleging such de minimis technical faults in the mineral title applications, Economia breached Mexican domestic law and international law to deny arbitrarily and pre-emptively the grant of the mineral titles and thereby avoid the Indigenous consultation ordered by the SCJN. Such consultation would have been welcomed by both the Company and community members living in the area of influence of the Project.

Despite the legal appeals of the Company and surrounding community members that Indigenous consultation should proceed, the Mexican courts endorsed Economia’s position. Therefore, the mineral rights underpinning the Project were definitively cancelled and reverted to the Government of Mexico, and Indigenous consultation never occurred.

The Claimants filed their Request for Arbitration in June, 2024, and the three-person arbitration panel has now been formed. Almaden looks forward to updating shareholders on the arbitration calendar in the coming months.

About the Ixtaca Project

The Company discovered the Project in 2010, and ultimately completed a feasibility study, filing the technical report in 2019. Technical and financial highlights of the Project feasibility study included the following:

Average annual production of 108,500 ounces gold and 7.06 million ounces silver (203,000 gold equivalent ounces, or 15.2 million silver equivalent ounces) over first 6 years;
After-tax internal rate of return of 42% and after-tax payback period of 1.9 years at base case metal prices (see below);
Conventional open pit mining with a proven and probable mineral reserve of 1.39 million ounces of gold and 85.2 million ounces of silver;
All-in Sustaining Costs (“AISC”), including operating costs, sustaining capital, expansion capital, private and public royalties, refining and transport of $850 per gold equivalent ounce, or $11.30 per silver equivalent ounce;
Dry stack filtered tailings facility, and co disposal with waste rock with no tailings dam;
A fresh water storage dam for mine and community use, enhancing community access to a fresh water reservoir beyond eventual closure of the mine;
Testing showed the host limestone “waste” rock was neutralising and that the Project had low potential for metal leaching;
Had the Project proceeded, economic contributions were estimated to include approximately 600 direct jobs during the peak of construction and 420 jobs throughout the 11-year mine life. Assuming base case metal prices (see below), the project could have generated approximately US$130 million in Federal taxes, US$50 million in State taxes and US$30 million in Municipal taxes and provide updated infrastructure to a marginalised region.

(All values shown are in $US; Base case uses $1275/oz gold and $17/oz silver prices. Gold and silver equivalency calculations assumed 75:1 ratio. Proven mineral reserves were comprised of 31.6 million tonnes grading 0.70 g/t gold and 43.5 g/t silver. Probable mineral reserves were comprised of 41.4 million tonnes grading 0.51 g/t gold and 30.7 g/t silver. The cut-off grade used for ore/waste determination was NSR>=$14/t. Associated metallurgical recoveries (gold and silver, respectively) were estimated as 90% and 90% for limestone, 50% and 90% for volcanic, 50% and 90% for black shale).

On behalf of the Board of Directors,

“J. Duane Poliquin”
J. Duane Poliquin
Chair
Almaden Minerals Ltd.

Safe Harbor Statement

Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things, the total potential cost of the legal claims and the sufficiency of the money available under the litigation funding agreement to cover these costs, and the timing, result and damages arising from the Company’s memorial filing.

These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant legal, regulatory, business, operational and economic uncertainties and contingencies, and such uncertainty generally increases with longer-term forecasts and outlook. These assumptions include: stability and predictability in Mexico’s response to the arbitration process under the CPTPP; stability and predictability in the application of the CPTPP and arbitral decisions thereon; the ability to continue to finance the arbitration process, and continued respect for the rule of law in Mexico. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release. Such risks and other factors include, among others, risks related to: the application of the CPTPP and arbitral decisions thereon; continued respect for the rule of law in Mexico; political risk in Mexico; crime and violence in Mexico; corruption in Mexico; uncertainty as to the outcome of arbitration or the funding available to the Company to pursue it; as well as those factors discussed the section entitled "Risk Factors" in Almaden's Annual Information Form and Almaden's latest Form 20-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that our forward-looking statements or information will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to on forward-looking statements or information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information:

Almaden Minerals Ltd.
Tel. [phone]
Email: [e-mail]
http://www.almadenminerals.com/

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Torex Gold Reports Year-End 2024 Reserves & Resources

Drilling success continues to support reserve life extensions

https://www.newsfilecorp.com/release/245242/Torex-Gold-Reports-YearEnd-2024-Reserves-Resources

March 19, 2025 6:00 PM EDT | Source: Torex Gold Resources Inc.

(All amounts expressed in U.S. dollars unless otherwise stated)

Toronto, Ontario--(Newsfile Corp. - March 19, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG)

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Silver Wolf Provides 2025 Outlook and 2024 Highlights; Focused On Unlocking Ana Maria's Potential

https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/silver-wolf-provides-2025-outlook-and-2024-highlights-focused-on-unlocking-ana-m-1001988

Wednesday, 19 March 2025 06:45 AM

VANCOUVER, BC / ACCESS Newswire / March 19, 2025 / Silver Wolf Exploration Ltd. (TSXV:SWLF)(OTCQB:SWLFF) ("Silver Wolf" or the "Company") provides its 2025 outlook and objectives and the highlights from 2024.

"2024 was a milestone year, as we made significant advances in our understanding of the geology of the El Soldado Claim at the Ana Maria property, and work towards making discovery," said Peter Latta, President. "We have identified 11 of 13 key indicators on the Carbonate replacement deposit (CRD) checklist, (see slide 13 of our corporate presentation, which can found on our website here), as well as confirmed the presence of large chimney-style breccias on the property. These breccias along with the pathfinder elements and anomalous Ag-Zn-Pb mineralization measured in the drill core assays confirm hydrothermal fluid pathways that support the possibility of a mineralized CRD deposit at El Soldado. CRD's are notoriously difficult to find, but they can be exceptionally rewarding when discovered. Based on the results of our exploration drilling to date, we believe we have a geological model that closely resembles the world famous Ojuela mine1, located in proximity to our property2. With the recent results in hand, we are applying the learnings from our recently completed drill program to prioritize additional areas or targets across the property. The goal is to identify more of these chimney breccias that have the potential to host economic mineralization. In addition, we also advanced the La Recompensa claim on the Ana Maria property to be able to drill the Au-Zn skarn target on the boundary between the El Sarnoso intrusive complex and the host carbonates.

Management continues to forgo a salary in an effort to minimize the Company's burn rate. This approach helps reduce the need for dilution, maintaining our tight share structure. The insider and managements ownership is approximately 50% of the total issued and outstanding shares. We look forward to creating value for our shareholders through ongoing exploration and development efforts."

2025 OUTLOOK

At El Soldado - The CRD Target

On February 18, 2025, Silver Wolf announced the results of its inaugural drill program on the El Soldado Claim at the Ana Maria property. The full results and release can be found here.

Highlights include:

Discovered extensive CRD-style hydrothermal breccia mineralization and dolomitization underlying historical Silver, lead, and zinc (Ag-Pb-Zn) workings at El Soldado to a depth of over 150-200 meter which is open at depth.


Identified several significant subvertical chimney breccias and flat-laying mantos with anomalous intercepts of Ag-Pb-Zn mineralization. Drill hole ES-24-005 returned values of 4.85% Zn and 0.47% Pb over 1.0 m and ES-24-012 returned 2.23% Zn along with 52 g/t Ag and 0.43% Pb over 0.85m.


Confirmed CRD-style mineralization that appears to be similar in setting and features to the historic past-producing Ojuela Ag mine just north of the El Sarnoso intrusive complex.


These results will be integrated into the geological model, more mapping and sampling will be applied to other high-potential areas of the property where chimney breccias have been identified on surface. Silver Wolf is looking forward to drill-test new targets that are being generated through this effort.

La Recompensa - The Au-Zn Skarn Target

The La Recompensa Claim is the central claim on the Ana Maria property and located at the intersection of the El Sarnoso intrusive complex and the limestones sequences. Surface sampling results yielded very positive results for gold and zinc hosted in skarn bodies found at the contact of the intrusion with Au and Zn values of 37 g/t Gold and 7.6% Zinc over 0.70 meters respectively. The release dated January 18, 2022, can be found here. A 3D inversion of magnetic data has now been completed to support delineation of the shape and location of the intrusive stock at depth.

This information will help with targeting for a new drill campaign on the La Recompensa Claim. Skarn mineralization crops out over the entire surface boundary and is expected to continue at depth, following the contact of the intrusion. Furthermore, Silver Wolf has obtained all permits to drill in this area. The Company is eager to commence a drill program at La Recompensa.

2024 MILESTONES AND ACHIEVEMENTS

Drill Program Planning and Execution

During the first half of the year, the team was focused on the preparation of the drill program at El Soldado The activities that were completed included:

Finalizing the drill targets and drilling QA/QC procedures


Selecting a drill contractor to conduct the drilling work with updated pricing to reflect the change in Mexican Peso and inflationary costs


Finalizing access agreements with the local communities for drilling activities and staffing the appropriate positions to conduct the program with contractors and employees


Drilling 17 holes over 2,560m and analyzing 1,234 samples


Strategic Engagement: In May, 2024, the Company engaged Salman Partners Inc. to provide strategic advice to enhance shareholder value and awareness.

M&A Opportunities: Silver Wolf continues to evaluate potential project acquisitions that leverage the strengths of the company to enhance shareholder value.

Funding for Drill Program: The Company closed a Life Offering in June, 2024 of $1 million. Silver Wolf was very mindful of all spending and executed the drill program on budget.

Qualified Person

Dr. Honza Catchpole P.Geo., is a "qualified person" as defined by National Instrument 43-101 and has approved the scientific and technical disclosure in this news release.

1. Reference: The publication titled Mineralogical Record Vol. 34, No.5, 2003 titled: Famous Mineral Localities: The Ojuela Mine, Mapimí, Durango, Mexico by Thomas P. Moore, Peter K.M. Megaw

2. Please note that neighboring properties deposits do not necessarily apply to the current project or property being disclosed

About Silver Wolf

Silver Wolf is an exploration company focused on exploring high potential projects in prime silver and gold regions of Mexico including the Ana Maria and El Laberinto properties. The Ana Maria claims are located 21 kilometres (km) northwest of the City of Gómez Palacio and the adjacent City of Torreón. The property consists of 9 mining concessions encompassing 2,549 hectares (ha). The claims are located in a well-known area that is prolific for carbonate replacement deposits (CRDs) in the vicinity of many active or historic mining operations. The Company has operational synergies with Avino Silver & Gold Mines Ltd. and shares many years of combined experience in exploration, development and production. In addition, Silver Wolf has an experienced geological field team who have worked on similar projects with a demonstrated understanding of the jurisdiction and local communities.

For further information please contact Silver Wolf Exploration Ltd. at ph. [phone] or visit our website at www.silverwolfexploration.com.

Connect with us on X (formerly Twitter) @SWLFexploration and on LinkedIn at Silver Wolf Exploration Ltd.

ON BEHALF OF THE BOARD

"Peter Latta"
_________________________________
Peter Latta
President

Cautionary Note

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on numerous assumptions and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. Such information contained herein represents management's best judgment as of the date based on information currently available. The Company does not assume an obligation to update any forward-looking statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Silver Wolf Exploration Ltd.

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Colibr/Tocvan- Core Drilling Returns 1.6 g/t Gold Over 36.6 meters from Surface which Includes High-Grade of 15.2 g/t Gold Over 1.2 meters and 5.8 g/t Gold Over 3 meters at El Pilar Gold Project

https://www.newsfilecorp.com/release/245228/Colibri-and-Partner-Core-Drilling-Returns-1.6-gt-Gold-Over-36.6-meters-from-Surface-which-Includes-HighGrade-of-15.2-gt-Gold-Over-1.2-meters-and-5.8-gt-Gold-Over-3-meters-at-El-Pilar-Gold-Project

March 19, 2025 6:39 AM EDT | Source: Colibri Resource Corporation

Dieppe, New Brunswick--(Newsfile Corp. - March 19, 2025) - Colibri Resource Corporation (TSXV: CBI)

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Pinnacle Samples up to 12.2 g/t Gold Equivalent and Commences Field Work at El Potrero Gold-Silver Project

https://thenewswire.com/press-releases/1AwGFVRpD-pinnacle-samples-up-to-12-2-g-t-gold-equivalent-and-commences-field-work-at-el-potrero-gold-silver-project.html

VANCOUVER, BRITISH COLUMBIA, March 18, 2025 – TheNewswire - (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C)

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Fuerte Metals Hits 6.4 g/t AuEq over 1.9m and 6.2 g/t AuEq over 2.6 m at Its Cristina Project, Chihuahua, Mexico

https://www.newsfilecorp.com/release/244729/Fuerte-Metals-Hits-6.4-gt-AuEq-over-1.9m-and-6.2-gt-AuEq-over-2.6-m-at-Its-Cristina-Project-Chihuahua-Mexico

March 17, 2025 7:30 AM EDT | Source: Fuerte Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 17, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF)

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Starcore Reports Positive Test Results on Processing of Carbonaceous Ore

https://www.newsfilecorp.com/release/244721/Starcore-Reports-Positive-Test-Results-on-Processing-of-Carbonaceous-Ore

March 17, 2025 2:30 AM EDT | Source: Starcore International Mines Ltd.

Vancouver, British Columbia--(Newsfile Corp. - March 17, 2025) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") Starcore is pleased to announce the results of the in-plant test of the CIL circuit to treat carbonaceous ore at its flagship San Martin mine and processing plant. As previously announced, the Company has been diligent in its efforts to obtain optimum recovery of gold and silver from the carbonaceous ore in the reserves at San Martin. Kappes, Cassiday & Associates ("KCA"), an engineering firm headquartered in Reno, Nevada that specializes in all aspects of heap leaching and cyanide processing, conducted the in-plant test for one month and processed approximately 2000 tonnes of carbonaceous ore, with a gold grade of 2.2 g/t and silver 20.7 g/t . The test has confirmed that the plant, as currently configured, can recover over 80% of the gold and 63 % of the silver from these ores. Carbonaceous ore, which is currently being mined from selected stopes in the San Martin underground area, can be processed in parallel with the normal oxide ore using an existing ball mill and leach tanks which are otherwise not being used.

KCA is also modifying the San Martin plant so it can process the carbonaceous ore on a continuous basis. "Now that the test has been completed, we plan to follow the test by processing 100 tonnes/day of the carbonaceous ore as part of regular plant production, gradually increasing to 180 tonnes/day within a few months," said Robert Eadie, Chief Executive Officer of the Company. "The initially accessible carbonaceous ore has a gold content nearly twice the grade of the 600 tonnes/day of oxide ore and is now being successfully processed, boosting our expectations that it will significantly increase cash flow." Further plant modifications, which will be undertaken by the end of 2025, will allow processing of carbonaceous ore at the full plant capacity of 800 tonnes per day.

This is an exciting development for San Martin, as processing of the carbonaceous ores has been difficult and as a result, these have not been accounted for as ore resources. The geological department at San Martin is continually evaluating these and expects to report a substantial increase in both tonnes and gold grade of the available resource.

This is a major achievement for San Martin as the carbonaceous mineral reported in the latest NI 43-101 amounts to 880 thousand tonnes in the different proven, probable and inferred categories yielding a total of 77,461 ounces of gold equivalent and the longitudinal and depth potential is open.

Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101 and has prepared the technical information contained in this press release.

About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. While this base of producing assets has been complemented by exploration and development projects throughout North America, Starcore has expanded its reach internationally with its project in Côte d'Ivoire. The Company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

(Signed) "Robert Eadie"
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

ROBERT EADIE
Telephone: [phone]

LinkedIn
X
Facebook

The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.

This news release contains "forward-looking" statements and information ("forward-looking statements"). All statements, other than statements of historical facts, included herein, including, without limitation, management's expectations and the potential of the Company's projects, are forward looking statements. Forward-Looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company's management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-Looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward-looking statements or beliefs, opinions, projections or other factors, except as required by law.

NOT FOR DISTRIBUTION IN THE UNITED STATES

SOURCE: Starcore International Mines Ltd.

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Mithril Silver and Gold: High-Grade Drill Results at Copalquin, Target 1 Area

https://thenewswire.com/press-releases/1LPRFr027-high-grade-drill-results-at-copalquin-target-1-area.html

Drilling at La Soledad has intercepted multiple high-grade veins as the Target 1 resource update drilling progresses at the Copalquin silver and gold district property in Durango State, Mexico.

HIGHLIGHTS

3.35m @Bernard Ng)

0.65m @ 12.1 g/t gold, 292 g/t silver, from 280.35m

0.50m @ 3.53 g/t gold, 3.2 g/t silver, from 335.0m



5.00m @BravesFan), including

1.00m @ 16.7 g/t gold, 72.7 g/t silver, from110.0m

0.84m @ 1.78 g/t gold, 35.6 g/t silver, from 148.66m



3.62m @Woodrow) (incl. 0.8m void)including

0.72m @ 45.5 g/t gold, 221 g/t silver, from100.6m

0.46m @ 4.11 g/t gold, 83.8 g/t silver, from 170.54m



1.99m @hallsboy), including

0.50m @ 15.4 g/t gold, 214 g/t silver, from98.26m,

2.75m @ 1.23 g/t gold, 81.2 g/t silver, from 108.75m, including

0.50m @ 5.16 g/t gold, 334 g/t silver, from108.75m



During March 2025, a further 3 holes have been completed with one in progress at La Soledad. Two deep holes at El Refugio and at least 2 holes at Refugio West are scheduled in the Target 1 resource area

At the start of April 2025, the second drill will commence drilling at the highly prospective Target 2 area of El Peru/Las Brujas while we continue to progress the multiple target generation work in the district

Mithril Silver and Gold Limited (“Mithril” or “the Company”) (MTH:ASX, MSG:TSXV)

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Avino Achieves Record Financial Performance for 2024; Improvements Across Key Financial Metrics, Treasury at All-Time High

https://www.accessnewswire.com/newsroom/en/metals-and-mining/avino-achieves-record-financial-performance-for-2024-improvements-across-key-finan-998792

Tuesday, 11 March 2025 05:00 PM

VANCOUVER, BC / ACCESS Newswire / March 11, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6

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Orex Minerals: Diamond Drilling Intercepts 15 Metres Grading 3.02 g/t Gold-Equivalent on the Loma Verde Vein on the Coneto Gold-Silver Project in Durango, Mexico

https://www.newswire.ca/news-releases/diamond-drilling-intercepts-15-metres-grading-3-02-g-t-gold-equivalent-on-the-loma-verde-vein-on-the-coneto-gold-silver-project-in-durango-mexico-844830000.html

News provided by Orex Minerals Inc. Mar 12, 2025, 09:00 ET

VANCOUVER, BC, March 12, 2025 /CNW/ - Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF)

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Colibri & Tocvam Drill 83.5 metres at 1.3 grams per tonne Gold (including 10.3 grams per tonne Gold over 9.7 metres) at El Pilar Gold & Silver Project in Sonora Mexico

https://www.newsfilecorp.com/release/244087/Colibri-Partner-Drill-83.5-metres-at-1.3-grams-per-tonne-Gold-including-10.3-grams-per-tonne-Gold-over-9.7-metres-at-El-Pilar-Gold-Silver-Project-in-Sonora-Mexico

March 11, 2025 6:21 AM EDT | Source: Colibri Resource Corporation

Dieppe, New Brunswick--(Newsfile Corp. - March 11, 2025) - Colibri Resource Corporation (TSXV: CBI)

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Goldgroup Announces Acquisition of Pinos Project

https://thenewswire.com/press-releases/1B2aFGm5Q-goldgroup-announces-acquisition-of-pinos-project.html

Vancouver, British Columbia – TheNewswire - March 7, 2025 - Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX-V:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces that, further to the news releases disseminated by the Company on August 14, 2024 (the “August 14th News Release”) and January 16, 2025 (the “January 15th News Release”), the Company has entered into an Agreement to Suspend Enforcement Proceedings (the "Non-Enforcement Agreement") dated March 6, 2025 with Candelaria Mining Corporation ("CMC") with respect to the Loan Facility described in the August 14th News Release and January 15th News Release after delivering notice of enforcement of the Company's rights under the Loan Facility to CMC on August 14, 2024.

Pursuant to the terms of the Non-Enforcement Agreement, CMC will deliver all of the issued and outstanding shares of Minera Apolo, S.A. de C.V. (“Apolo”) to the Company provided that certain conditions set out in the Non-Enforcement Agreement are satisfied, including receipt of all required approvals from the TSX Venture Exchange (“TSXV”). As part of the agreement, the Company has agreed to:



Settle the approximately USD $2,702,873 owed on the Loan Facility;

Make a cash payment of USD $89,000 within five (5) days of receipt of all necessary approvals from the TSXV required by the Company and CMC to complete the transactions;

Make a cash payment of USD $89,000 on the later of (i) the delivery of the Apolo Shares to the Company, or (ii) six months after receipt of the TSXV Approvals, provided that the Apolo Shares have been delivered to the Company by such date; and

Issue 716,667 common shares of the Company at a deemed price of $0.40.

These payments are to avoid the lengthy process and costs associated with enforcing the Loan Facility.

Apolo is the 100% owner of the fully permitted for construction gold project located 140 kilometers east of the capital Zacatecas in the state of Zacatecas, Mexico (the “Pinos Project”), which consists of 30 mining concessions. The Company acquired the Loan Facility from Creditor Group described in the August 14th News Release and January 15th News Release.

The completion of the transactions contemplated in this news release are subject to receipt of all necessary approvals, including approval of the TSXV.

About Goldgroup

Goldgroup is a Canadian-based mining Company that owns and operates the Cerro Prieto heap-leach gold mine located in the State of Sonora, Mexico and is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.

For further information on Goldgroup, please visit www.goldgroupmining.com

On behalf of the Board of Directors

Ralph Shearing

CEO
[phone]

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered “forward-looking information” (within the meaning of applicable Canadian securities law) and “forward-looking statements” (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Actual results could differ materially from the conclusions, forecasts and projections contained in such forward-looking information.

These forward-looking statements reflect Goldgroup’s current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Certain assumptions have been made regarding TSXV approval of the non-enforcement agreement. Many of these assumptions are based on factors and events that are not within the control of Goldgroup and there is no assurance they will prove to be correct.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors including, without limitation: non-completion of any proposed transactions; receipt of all required stock exchange and regulatory approvals,; the continued listing and trading of the Company’s common shares; the continuing impact of COVID-19; the continuing impact of regulatory responses to COVID 19 on the employees, business and operations of the Company; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup’s projects; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup’s title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation, including but not limited to the potential changes introduced by the Mining Reform, described above; risks associated with surface rights; environmental risks; Goldgroup’s need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup’s lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup’s properties, as well as the risk factors disclosed in Goldgroup’s Annual Information Form and MD&A and other public disclosure by Goldgroup. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.

Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.