| DDH No. | Section | Zone | From | To | Au | Ag | Length* | Cu | Pb | Zn | Mo | Ag Eq** | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (m) | (m) | (g/t) | (g/t) | (m) | (%) | (%) | (%) | (g/t) | (g/t) | High-Grade Intercepts on the Boumadine Main Trend: BOU-DD25-516 intercepted 5,373 grams per tonne ("g/t") silver equivalent ("AgEq") over 0.5m (66.7 g/t gold ("Au"), 111 g/t silver ("Ag"), 1.6% zinc ("Zn"), 1.0% lead ("Pb") and 0.1% copper ("Cu") and 114 g/t AgEq o ...

Day在最新研判中指出，黄金市场正迎来多重基本面支撑：全球央行购金步伐持续加速，地缘政治不确 定性推升避险需求，同时主要经济体财政可持续性担忧不断发酵。经济合作与发展组织（OECD）本周 将2024年全球经济增长预期大幅下调至1.6%，直指美国贸易保护主义政策对全球贸易体系的冲击。该 预期修正直接导致美元指数承压，为金价连续第三周上涨奠定基础。 国际贵金属市场持续走强，现货黄金价格稳守2350美元/盎司关口，白银价格突破34美元/盎司，创2012 年以来新高。知名投资管理人Adrian Day近日警示，当前市场对矿业企业的估值存在显著偏差，且全球 金融体系正面临潜在流动性危机，这或将迫使美联储于三季度重启量化宽松政策。 值得关注的是，Day提出美国财政部或将在三季度面临资金枯竭风险。他分析认为，当财政融资压力突 破临界点时，美联储将被迫通过扩大资产负债表提供流动性支持。"相较于单纯降息，重启量化宽松的 概率显著更高，市场关注焦点已从就业市场转向政府偿债能力。"这一判断与此前主流预期存在明显分 歧。 在资产配置层面，Day强调矿业板块存在显著价值洼地。以Agnico Eagle Mines为例，尽管当前利润率处 ...

Core Viewpoint - Defiance Silver Corp. has announced a brokered private placement offering to raise gross proceeds of up to C$8 million through the sale of up to 32 million units at a price of C$0.25 per unit [1][2]. Group 1: Offering Details - Each unit will consist of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at a price of C$0.35 within 24 months following the closing date [2]. - The company grants the agent an option to sell up to an additional 8 million units for additional gross proceeds of up to C$2 million [3]. - The offering is scheduled to close on June 17, 2025, subject to regulatory approvals [8][9]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for exploration work on the company's projects, completing a mineral resource estimate at the San Acacio project, making cash option payments on the Tepal project, and providing general working capital [4]. Group 3: Regulatory Compliance - The units will be offered to purchasers in specific Canadian provinces under the Listed Issuer Financing Exemption, and may also be sold in offshore jurisdictions and the United States under applicable exemptions [5][7]. - All securities not issued under the Listed Issuer Financing Exemption will be subject to a hold period of four months and one day following the closing date [7]. Group 4: Company Overview - Defiance Silver Corp. is focused on advancing the Zacatecas project and the Tepal Gold/Copper Project in Mexico, managed by a team with a proven track record in mine development [11].

Core Viewpoint - Triumph Gold Corp. has announced the acquisition of the Coyote Knoll Silver-Gold property in central Utah, which is expected to enhance its portfolio due to the property's high-grade mineralization and favorable geological features [1][4]. Acquisition Details - The acquisition cost is $150,000 USD along with the issuance of three million common shares over a period of three years, with an additional payment of three million dollars due before four years from the purchase date [2]. Geological and Mineralization Highlights - Coyote Knoll is located approximately 40 km southwest of the Tintic Mining District, known for its historical significance in mining [10]. - The property has demonstrated high-grade silver mineralization, with drilling results showing 1,350.36 g/t Ag and 3.86 g/t Au over 3.00 meters [6]. - Historical rock samples have returned values up to 6,730.00 g/t Ag and 23.30 g/t Au [6][16]. - Recent surface sampling confirmed mineralization with grab samples returning up to 795 g/t Ag and 1.58 g/t Au [6][20]. Exploration and Historical Context - Coyote Knoll was discovered in 1988, with extensive exploration activities including mapping, trenching, and drilling totaling approximately 2,606.96 meters across 33 drill holes [11]. - The geological setting exhibits similarities to the Tintic Mining District, with potential for both epithermal and carbonate replacement mineralization [19]. - The property has a history of production, including a 12-ton bulk sample in 2012 that returned an average grade of 43.60 oz/ton silver and 0.13 oz/ton gold [6][11]. Future Exploration Plans - The company plans to advance exploration at Coyote Knoll, leveraging the confirmed epithermal silver-gold mineralization and the potential for further discoveries [4].

Pan American Silver (PAAS) closed the last trading session at $24.20, gaining 0.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $31.23 indicates a 29.1% upside potential.The mean estimate comprises nine short-term price targets with a standard deviation of $4.44. While the lowest estimate of $26 indicates a 7.4% increase from the current price level, the most optimistic analyst ...

Core Viewpoint - The silver mining sector is experiencing a land acquisition trend driven by strong demand and a supply deficit since 2021, with companies like Apollo Silver Corp. actively expanding their land packages and developing projects to increase production [4][20]. Company Summaries Apollo Silver Corp. - Apollo Silver Corp. has acquired 2,215 hectares of claims, known as the Mule claims, which expands its Calico Project land package by over 285%, increasing it from 1,194 hectares to 3,409 hectares [8][10]. - The Mule claims are strategically located along the mineralized Calico Fault System, which has shown potential for high-grade silver targets identified by previous operators [5][10]. - Preliminary mapping and sampling have indicated several strong silver and gold anomalies, with assay peaks reaching 14.10 g/t Au and 20.70 g/t Ag [9][10]. - The company plans to conduct follow-up exploration programs to further evaluate the potential of the newly acquired claims [10]. Pan American Silver Corp. - Pan American Silver Corp. announced a definitive agreement to acquire MAG Silver Corp. for approximately $2.1 billion, which includes $500 million in cash and shares, representing premiums of about 21% to 27% over MAG's recent share prices [12][13]. - The acquisition will enhance Pan American's portfolio with the high-grade Juanicipio mine, which is expected to significantly increase its exposure to silver production [13][20]. - Existing MAG shareholders will own approximately 14% of Pan American's shares post-acquisition, benefiting from a larger, diversified silver and gold producer [12]. Dolly Varden Silver Corporation - Dolly Varden Silver Corporation has completed the acquisition of the Kinskuch Property for $5 million, significantly increasing the size of its Kitsault Valley Project to approximately 77,000 hectares [15][16]. - The Kinskuch Property is adjacent to the Kitsault Valley Project and is considered highly prospective for silver, gold, and copper mineralization [15][16]. First Majestic Silver Corp. - First Majestic Silver Corp. completed its acquisition of Gatos Silver, integrating a high-quality, long-life operation into its portfolio, with Gatos Silver now a wholly-owned subsidiary [19][20]. - The merger received overwhelming shareholder approval, with approximately 98.44% of First Majestic's shareholders and 99.23% of Gatos Silver's stockholders voting in favor [18][20].

Core Insights - Lahontan Gold Corp. is advancing a portfolio of gold and silver assets in Nevada's Walker Lane, focusing on unlocking value from past-producing projects with a clear path to production [2][3] - The company aims to responsibly develop its oxide resources while maximizing economic returns and minimizing capital intensity [3] - Lahontan's flagship property, the Santa Fe Mine, has a significant historical production record and substantial indicated and inferred mineral resources [5] Company Overview - Lahontan Gold Corp. is a Canadian mine development and exploration company with four gold and silver properties in Nevada, three of which are 100%-owned [2][5] - The Santa Fe Mine project covers 26.4 km² and has produced 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995 [5] - The company plans to advance the Santa Fe Mine project toward production and update its Preliminary Economic Assessment in 2025 [5] Strategic Partnerships - Lahontan has selected IBN to lead its corporate communications efforts, leveraging IBN's extensive distribution network to enhance investor awareness [1][4] - IBN has over 19 years of experience and a collective audience of millions, positioning it to effectively reach investors and the general public [5][7] - The partnership will utilize various outreach tools, including newsletters, social media, and wire services, to maximize impact [4][8]

Core Viewpoint - Prime Mining Corp. is advancing its Preliminary Economic Assessment (PEA) for the Los Reyes gold-silver project, targeting completion in Q3 2025, with a focus on high returns, low capital costs, and long project life [1][2][3] Company Overview - Prime Mining has invested over $64 million in direct exploration activities since acquiring Los Reyes in 2019, completing over 221,000 meters of drilling [2][7] - The company aims to enhance its resource base through exploration and technical de-risking activities [20] Project Details - The PEA will be based on drilling data up to the end of 2024 and will incorporate extensive technical work completed to date [2] - The project is characterized as a high-grade, low-sulphidation epithermal gold-silver project located in Sinaloa State, Mexico [7] - The PEA is expected to highlight a project with high returns, high margins, low capital requirements, and a long operational life [2][7] Exploration Plans - Six drill rigs are currently operational at Los Reyes, with plans to extend high-grade mineralization and identify new prospective targets [5] - Planned activities include geological mapping, geochemical sampling, and drilling in areas with high-grade intercepts [5] Community Engagement - The company is committed to engaging with local communities through educational and environmental programs, as well as infrastructure development [5] Technical Expertise - Ausenco Engineering Canada ULC has been selected to lead the PEA due to its extensive experience with similar projects in Mexico [3][4]

Core Viewpoint - ESGold Corp. has successfully delivered its Humphrey spiral concentrators to the Montauban site, marking a significant milestone in its construction timeline as it advances toward production of gold, silver, and mica from historic tailings [1][8]. Company Progress - The gravity separation circuit is designed to process up to 1,000 tonnes per day (TPD) of tailings, converting them into a marketable mica concentrate while also recovering gold and silver [2][6]. - The installation of the gravity separation system is a foundational step for ESGold, positioning the company to become one of Canada's next gold and silver mining entities [5][9]. - The Humphrey Spirals are recognized for their efficiency and low operating costs, operating without chemical reagents, making them suitable for high-throughput tailings reprocessing [6][7]. Future Outlook - ESGold is focused on disciplined execution and operational readiness, with an updated Preliminary Economic Assessment (PEA) expected to outline enhanced project economics based on current metal prices [8][12]. - The company remains on track for first production by the end of 2025, with ongoing construction and key infrastructure in place [12].

Core Insights - Silver North Resources Ltd. has reported successful results from the 2024 drilling campaign at the Tim Project, confirming the presence of a Carbonate Replacement Deposit (CRD) style system [2][6] - Coeur Silvertip Holdings, Ltd. is executing and funding the exploration under an option agreement, which allows Coeur to earn an initial 51% interest in the Tim Project, potentially increasing to 80% [1][8] - The best drill intercept from the 2024 program returned 3.39 meters of 52.8 g/t silver, 0.28 g/t gold, 0.11% lead, and 0.27% zinc [2][5] Exploration Details - The 2024 drilling program involved 2,250 meters of drilling across six holes, primarily targeting the Wolf Fault [3][6] - The program confirmed the presence of permissive host rocks, including the Rosella Formation Limestones, which are conducive to deposit formation [2][6] - Coeur plans to conduct follow-up drilling based on the 2024 drilling and geophysical data to identify potentially productive areas within the Tim CRD system [3][8] Financial and Operational Terms - Coeur is required to complete a minimum of $3.55 million in exploration expenditures and make cash payments totaling $275,000 to Silver North by December 31, 2026, to earn the initial 51% interest [8] - Coeur can increase its interest to 80% by making additional cash payments of $100,000 per year in 2027 and 2028, completing a positive feasibility study, and notifying Silver North of its intention to develop a mine by December 16, 2028 [8] Notable Drill Results - Five out of six holes successfully tested the Wolf Fault or its splays, with intersections ranging from approximately 0.5 to over 6.0 meters, showing anomalous silver, lead, zinc, and pathfinder elements [5][6] - TIM24-Pad01-001 intersected a massive pyrrhotite interval with blebs of scheelite and anomalous results for silver, gold, lead, zinc, bismuth, tellurium, and tungsten [5][6] Company Overview - Silver North's primary assets include the 100% owned Haldane Silver Project and the Tim Project, which is under option to Coeur Mining, Inc. [10] - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [11]