Texas Mineral Resources Corp. (OTCQB: TMRC) has released preliminary exploratory drilling results from the Black Hawk Mining District in Grant County, New Mexico, marking a significant step in the evaluation of their 2021 mineral exploration agreement with Santa Fe Gold Corporation. The drilling, which tested Electro-Magnetic anomalies and the historic Alhambra vein, has shown promising signs of sulfide bearing veins, indicating potential for silver and other mineral discoveries.
The exploration utilized the NANOTEM geophysical surveying method by Zonge International, adapted for the Black Hawk district's conditions. This method successfully located veins, though it does not distinguish between native silver and sulfide bearing veins. The drilling campaign, conducted from March to May 2025, involved 20 diamond drill holes aggregating 2751.5 feet, with ten out of eleven holes targeting Electro-Magnetic anomalies intersecting strongly altered carbonate veins at expected depths.
Daniel Gorski, CEO of TMRC, expressed optimism about the NANOTEM method's effectiveness in vein location, which could significantly impact future exploration and development in the district. The Black Hawk Mining District is known for its 'Five Element Veins,' with the Alhambra mine featuring carbonate filled structures that could contain high-grade mineral cores.
Analysis of the drill core is ongoing, with samples pending further examination. The collaboration with the New Mexico Bureau of Geology and Mineral Resources underscores the project's scientific rigor and potential economic importance. The next phase of work will depend on the evaluation of current data, with the possibility of a joint venture agreement with Santa Fe Gold Corporation contingent on successful exploration outcomes.
This development is crucial for the mining industry and local economy, as it opens up new avenues for mineral exploration and could lead to significant discoveries of silver and other valuable minerals in New Mexico. The use of advanced geophysical methods like NANOTEM also sets a precedent for future mining explorations, potentially reducing costs and increasing efficiency in locating mineral deposits.
