GlobeNewsWire
14 Jul 2026, 10:30 UTC · 1h ago
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Zacatecas Silver is launching its maiden diamond drill program at the Oso Negro project in Sonora, Mexico. — Transitioning from surface sampling to drilling is a high-catalyst event for exploration companies as it provides the first definitive data on ore grade and volume.
+0.60The company is conducting a non-brokered private placement to raise up to $2,500,000 via units priced at $0.07. — While funding is necessary for operations, private placements cause equity dilution for existing shareholders.
+0.30Phase two mapping at Oso Negro extended the Prospecto vein strike to over 2.5 kilometers and the Tere vein to 0.5 kilometers. — Increased strike length suggests a larger potential mineralized system, increasing the upside potential of the project.
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The company is raising capital to fund a maiden drill program at a high-grade prospect with promising sampling results.
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