Heliostar CEO, Charles Funk, commented, “Heliostar closed the first quarter of 2025 with a US$27M (C$38M) cash balance, over half of which was generated from operating profits. This places the Company in a strong position to achieve our planned production and resource growth goals.”
Paul D. Gray, Luca VP Exploration, commented, “Luca has been able to execute an efficient underground drilling program at Campo Morado that represents the first stage the Company’s plan to realize the untapped mineral potential of the Campo Morado Mine and District. The Campo Morado deposit hosts additional mineral potential beyond the extent of its known resources.”
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.”
“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.”
Rohan Hazelton, CEO of DynaResource commented, “This metallurgical work is important data for the upcoming SK1300 Technical Report Pre-Feasibility Study that we plan to release in early Q2 2025. I am pleased to see such incredibly high gold recoveries from each of our major gold zones defined to date. Better than 95% gold recovery means our ore is easily processable and this supports our planned re-installation of the gravity gold circuit at San Jose de Gracia.”
“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.
The company continued making significant progress on its Terronera Project, which is now in the final construction stages. Wet commissioning is anticipated to begin early in the second quarter.
Ramon Perez, President of the Company, commented “This milestone marks a significant step in the mine’s development, reflecting the operational team’s dedication and the effectiveness of recent optimization efforts.”
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.”
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.”
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