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Zacatecas Silver (ZCTSF) operates as a silver-focused mining company specializing in exploration and advanced extraction techniques. This news hub provides investors and industry observers with essential updates about operational milestones, strategic developments, and market positioning.
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Zacatecas Silver (OTC: ZCTSF) has announced a significant 4,000-metre diamond drill program at its Zacatecas Silver Project in Mexico, alongside a $2.5 million private placement financing. The program will focus on two key areas: 2,500 metres at the El Cristo vein system and 1,500 metres at Panuco.
The El Cristo system, interpreted as an extension of the historic Veta Grande vein, features multiple high-grade intercepts including 9.00m @ 158 g/t AgEq. The Panuco deposit currently holds an Inferred Resource of 20.5 million ounces AgEq at 187 g/t AgEq grade.
The private placement will offer units at $0.06, including one share and one warrant exercisable at $0.10 for two years. Drilling is scheduled to commence in Q4 2025, with Major Drilling Mexico as the contractor.
Zacatecas Silver (ZCTSF) has designed a new drill program for its silver projects in Zacatecas, Mexico, focusing on expanding current resources and following up on high-grade intercepts. The company highlights two main vein systems: Panuco Deposit, with a current resource of 3.41M tonnes at 187 g/t silver equivalent (20.5M oz silver equivalent), and El Cristo Vein System, where 22 of 28 initial drill holes showed mineralization.
The company has also completed a private placement, raising $1.5M through the issuance of 30M common shares at $0.05 per share. The proceeds will fund exploration activities at both the Esperanza Gold Project and Zacatecas Silver Project. CEO Eric Vanderleeuw participated in the offering, subscribing for 1.25M shares.
Zacatecas Silver has announced the completion of additional fieldwork at its El Cristo property, which includes a detailed petrographic review of previous drill cores.
El Cristo is an extension of the Veta Grande vein system with historical production of 200 Moz AgEq. The El Cristo system covers over 3 km with multiple veins within a 650 m wide dilation jog.
Recent drilling tested near-surface extensions of the veins, with 22 out of 28 holes intercepting silver-base metal mineralization. Deeper unoxidized veins reported higher silver equivalent grades, including 829 g/t Ag Eq in one hole.
The company plans to apply for drill pad permits to test deeper vein parts, expecting the permitting process to take 6 to 8 weeks.
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