en.Wedoany.com Reported - Recently, Mercado Minerals Ltd. (CSE: MERC; OTCQB: MRMNF; FSE: M2R), a Canadian company focused on silver exploration, officially commenced trading on the OTCQB Venture Market. Its common shares have been granted electronic clearing eligibility by the Depository Trust Company (DTC) in the United States, further broadening the trading channels for American investors.
The company currently holds exploration rights for approximately 3,000 hectares in the western silver belt of the Sierra Madre Occidental mining region in Sinaloa, Mexico. Its core assets include the Copalito Project and the Zamora Project. In the first quarter of 2026, the Copalito Project initiated a 3,000-meter diamond drilling program, focusing on testing four high-priority targets in the 5 Señores, El Agua, and La Chivas areas. Historical drilling data indicates that the 5 Señores vein previously intersected 13.10 meters grading 347 g/t silver, 0.22 g/t gold, 0.17% lead, and 0.38% zinc. The El Agua vein intersected 23.00 meters grading 125 g/t silver, 2.00 g/t gold, 0.34% lead, and 0.58% zinc. Currently, only about 60% of the known strike length of the veins has been drill-tested, and testing has only reached a depth of 100 meters, indicating potential for expansion both along strike and at depth within the mineralization system. Regarding the Zamora Project, the company is advancing the reinstatement of its 30,000-hectare concession and plans to conduct initial surface and underground sampling and drilling on 14 high-grade gold-silver vein occurrences.
In early April 2026, US-Iran peace talks broke down. According to Kitco analyst Jim Wyckoff, US President Trump announced plans to block the Strait of Hormuz. Market concerns over inflation driven by high oil prices intensified, putting downward pressure on precious metals. At the New York close on April 13, spot silver fell 0.34% to $75.62 per ounce, having touched a low of $72.61 during the session. Industry analysts noted that the next upside price objective for silver futures bulls is to push prices above the resistance level at $80.00, while the bears' downside objective is to push prices below the support level at $61.21.
Mercado Minerals was founded in Vancouver, British Columbia, Canada, and focuses on the exploration and acquisition of silver assets in the Americas. The company's management team has extensive exploration experience in Mexico. The previous operator of the Copalito Project, Kootenay Silver, completed 81 historical drill holes, providing the company with a comprehensive geological database. As of April 2026, the company has approximately 75 million shares outstanding. Management and insiders hold 6.5%, strategic investors hold 27.9%, and retail investors hold 65.6%.
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