Northwire Canada EditionMonday, November 9, 2026
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Gold 4,126.50 +1.3% Silver 52.70 +1.5% Copper 6.35 +1.8% Oil 87.82 −3.3% Palladium 1,018.75 +0.2% PX 0.140 −3.5% IVS 0.250 +2.0% SCD 0.150 +3.5% UCU 2.33 +8.9% KAPA 0.105 +0.0% AFM 1.28 +5.3% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.05 +1.2% SGO 0.170 +13.3% BNKR 2.79 +6.5% TECT 1.69 +11.2% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% Gold 4,126.50 +1.3% Silver 52.70 +1.5% Copper 6.35 +1.8% Oil 87.82 −3.3% Palladium 1,018.75 +0.2% PX 0.140 −3.5% IVS 0.250 +2.0% SCD 0.150 +3.5% UCU 2.33 +8.9% KAPA 0.105 +0.0% AFM 1.28 +5.3% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.05 +1.2% SGO 0.170 +13.3% BNKR 2.79 +6.5% TECT 1.69 +11.2% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3%
Drill Results

Zacatecas contractor Major moves drill to El Cristo

Mexico-focused explorer accelerates El Cristo drill program and expands asset base with Heliostar acquisition amid improving permitting climate

By The Northwire Desk — AI Analysis Mar 23, 2026 · 12:14 ZAC · 0.07 Zacatecas Silver Corp.
Executive Summary
  • The latest release (March 23, 2026) states Zacatecas Silver has mobilized a diamond drill rig and Major Drilling crew to the El Cristo target within the Zacatecas Silver Project in Mexico, with the first hole to be collared within about a week. The El Cristo vein system spans roughly three kilometres and is viewed as the northwestern extension of the Veta Grande system, with historical drilling showing mineralization in a high percentage of scout holes and multiple near-surface intercepts.
  • This news follows several recent developments that broaden the company’s exploration program and asset base:
  • March 16, 2026: SEMARNAT drill permit approved for El Cristo, enabling about 2,800 meters of a 4,000-meter planned program focused on expanding resource-defining potential.
  • March 2, 2026: Zacatecas Silver announced the acquisition of four exploration properties (Cumaro, La Lola, Oso Negro, Ejutla) from Heliostar Metals, creating a district-scale exploration platform in Sonora and Oaxaca, Mexico.
  • November 2025 to early 2026: Prior drill campaigns and land access agreements at El Cristo and Panuco advanced the company’s exploration roadmap; Major Drilling contract and surface access agreements were secured for El Cristo in the March 16 update.
  • The March 8–9, 2025 and late-2025 news about financings (private placements, RSU/stock option grants, and IR engagements) underpin ongoing capital support for drilling and operations, with a notable 2025 private placement oversubscribed and accompanied by strategic investor participation as described in September 2025 updates.
Material Impact
  • The most recent news (drill mobilization at El Cristo) is positive in tone and executional, signaling active progress in the 2026 drill program and near-term exploration milestones. However, it appears to be a routine progression rather than a transformative, market-moving surprise, given:
  • A previous March 16, 2026 permit approval explicitly enabling the El Cristo program.
  • The prior March 2, 2026 acquisition that expands the company’s early-stage exploration footprint in Mexico.
  • The ongoing financing activity through 2025 and into 2026 to fund drill campaigns.
  • Overall rating: Routine - Positive. The news confirms expected execution on a previously communicated plan and strengthens the portfolio, but it does not introduce a brand-new, outsized earnings or resource opportunity that would classify as Material - Positive or Game Changer.
ZAC · Price
Company Overview
  • Zacatecas Silver Corp. is a Mexico-focused silver explorer/operator with a portfolio that includes the Zacatecas Silver Project in Zacatecas state and the Esperanza Gold Project in Morelos. The flagship Zacatecas Silver Project features multiple epithermal vein systems with near-term exploration upside and a history of high-grade near-surface mineralization. The El Cristo target within the Zacatecas project is described as a three-kilometre vein system that extends the northwestern continuation of the historically productive Veta Grande system.
  • The company has pursued a multi-project expansion strategy in Mexico, including the acquisition of Cumaro, La Lola, Oso Negro, and Ejutla properties from Heliostar Metals to create a district-scale exploration platform and bolster its discovery potential.
Read the original news release →

More from Zacatecas Silver Corp.

Oct 29, 2026 · 06:30

Zacatecas secured the Oso Negro permit and is preparing to commence a maiden 2,500m drill program at the deposit.

Drill Results Oct 27, 2026 · 06:30

Zacatecas reports high-grade epithermal sampling at its Cumaro deposit, advancing the Sonora pipeline as a drill permit remains pending.

Drill Results Oct 05, 2026 · 06:30

Zacatecas adds a low-grade option at its Mexican project while continuing to burn cash.

M&A / Property Sep 10, 2026 · 06:30

Zacatecas extends Oso Negro veins to 3km in Sonora, confirming drill-ready targets.

Drill Results Sep 08, 2026 · 06:30

Zacatecas reports high-grade near-surface El Cristo silver hits in a low-expectation micro-cap.

Drill Results Jul 29, 2026 · 17:30

Zacatecas closes a $2.5 million placement at $0.07 per share to fund the maiden drill program at its Oso Negro project.

Financings