Zacatecas Silver Stock Price, News & Analysis

Zacatecas Silver Corp. (TSXV: ZAC, OTC: ZCTSF) announced progress in its diamond drilling program at the Panuco deposit, having drilled 7,420 m to date, with 4,707 m at Panuco North and multiple assays pending. The company received approval for 27 new drill permits, allowing exploration along the entire vein system. Notably, the discovery hole returned 2.17m at 823 g/t AgEq. Zacatecas is also advancing drilling plans at El Cristo, targeting near-surface extensions of historically tested veins. The assay results for 24 additional holes are expected within three weeks.

Zacatecas Silver Corp. has successfully closed an oversubscribed financing of $19.15 million through subscription receipts, exceeding the initial target of $15 million. The funding, generated from the issuance of 17,410,474 receipts priced at $1.10 each, will primarily be allocated towards acquiring the Esperanza Gold Project and advancing the Zacatecas Silver Project. The acquisition will involve a cash payment of USD$5 million. The financing highlights strong investor interest, with participation from notable institutional and individual investors.

Zacatecas Silver Corp. has appointed Nancy La Couvee to its Board of Directors, bringing extensive governance and mining industry experience. Currently the Corporate Secretary at K92 Mining Inc., La Couvee's expertise aligns with the Company's transition from exploration to production. As part of her appointment, she will receive 400,000 incentive share purchase options at an exercise price of $1.20. The Board now includes Bryan Slusarchuk, John Lewins, Chris Wilson, Jonathan Richards, Charles Hethey, and La Couvee, all supporting the advancement of Zacatecas' high-grade gold oxide project.

Zacatecas Silver Corp. announced that its common shares will resume trading on March 10, 2022, following a temporary halt due to its agreement to acquire the Esperanza Project from Alamos Gold Inc. The acquisition, valued at approximately $60 million, positions Alamos as Zacatecas' largest shareholder. The company has recently closed $18 million in financing, initially set at $15 million, due to strong demand. The Esperanza Project has significant mineral resources, including a measured and indicated resource of 34.35 million tonnes, containing 1.08 million ounces of gold and 8.93 million ounces of silver.

Zacatecas Silver Corp. has entered a share purchase agreement to acquire the high-grade Esperanza Gold Project from Minas De Oro Nacional, a subsidiary of Alamos Gold, for approximately USD 60 million. The project holds an historic resource of 1,084,000 ounces of gold and 8,936,000 ounces of silver. This strategic acquisition aims to enhance the company’s portfolio and establish a pathway toward gold production in Mexico. Alamos will become a significant shareholder following the transaction.

Zacatecas Silver Corp. (TSXV: ZAC; OTCQB: ZCTSF) announced positive results from ongoing diamond drilling at the Panuco North Vein, revealing high-grade silver and gold assays. Key intercepts include 6.87 m at 160 g/t Ag Eq and 1.23 m at 750 g/t Ag Eq. The mineralization extends over a strike length of 500 m and remains open at depth, indicating robust exploration potential. Further drilling is planned with assays for additional holes pending. The results signal encouraging near-surface mineralization and strong depth potential for future exploration.

Zacatecas Silver Corp. (OTC: ZCTSF) announced updates on its diamond drilling program at the Panuco deposit and San Gill Breccia. Key highlights include 36 approved drill pads at San Gill and pending assay results for 15 holes at Panuco North. An additional 29 drill pads at Panuco North are expected to be approved soon. The Panuco North Vein has shown significant intercepts in recent drilling, with the vein open to the west and at depth. San Gill represents a largely untested exploration target with promising potential.

Zacatecas Silver Corp. has submitted a National Instrument 43-101 compliant technical report detailing an initial silver Mineral Resource Estimate for its Panuco Deposit in Mexico. The report estimates 2.7 million tonnes at 187 g/t AgEq, equating to 16.4 million ounces AgEq, comprised of 15 million ounces of silver and 15,000 ounces of gold. Notably, the Panuco Central Vein holds an inferred resource of 2.1 million tonnes at 171 g/t AgEq, while the North Vein has 0.7 million tonnes at 235 g/t AgEq. The company is actively drilling to expand these resources.

Zacatecas Silver Corp. has reported significant developments in its diamond drilling program at the Panuco deposit. A total of 29 drill holes have been completed, totaling 5,160 meters. Assays from 9 of the 22 holes drilled at Panuco North Vein revealed notable silver grades, including 2.17m at 823 g/t AgEq. The company has also received approval for 13 additional drill pads and is awaiting approval for 27 more. Drilling at El Cristo is expected to commence in Q2 2022 following permit approval. These advancements indicate the potential for new silver discoveries.