First Majestic Silver (TSE: AG) (NYSE: AG) has reported new drill results from its 2025 exploration program at the Jerritt Canyon Gold Mine in Nevada, confirming the continuity of gold mineralization across several key targets.
The company announced on Tuesday that it completed 57 drill holes totaling about 18,300 metres during the campaign. Additionally, the work targeted both underground zones and potential open-pit opportunities across the district.
Chief executive Keith Neumeyer said strong metal prices allowed the company to broaden its exploration strategy. Consequently, the team tested known underground targets while also evaluating areas suitable for open-pit development. He said the results have delivered encouraging data from both approaches. Furthermore, drilling confirmed that several mineralized zones remain open for further expansion.
High-grade intercepts came primarily from the Mahala and Javelin targets. These areas sit between the Smith and SSX underground mines. At Javelin, surface drilling intersected 7.6 metres grading 9.43 grams per tonne gold. Additionally, another intercept returned 18.3 metres grading 2.23 g/t gold from about 141 metres depth.
Meanwhile, drilling at the Mahala target also returned strong results. One hole intersected 24.4 metres grading 3.43 g/t gold from roughly 294 metres below surface. Company geologists believe mineralization may extend east toward the nearby Javelin zone. Consequently, the area remains a priority for future drilling campaigns.
The company also tested shallow targets in the Saval area. These zones may support future open-pit mining operations. One drill hole there intersected 51.8 metres grading 1.48 g/t gold. Additionally, the same hole included a higher-grade interval of 12.2 metres at 3.23 g/t gold.
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Geologists designed 2025 program to test new targets
Meanwhile, company leadership said the drilling program strengthens confidence in the broader Jerritt Canyon district. Neumeyer said the results show the property still holds significant exploration potential.
The project spans roughly 30,000 hectares across northeastern Nevada. Furthermore, the company believes the district could host additional mineralized zones beneath cover rocks. Geologists designed the 2025 program to test new targets while confirming existing mineralization. Additionally, drilling focused on improving geological models across several areas of the property.
Nevada remains one of the most important gold-producing regions in the world. The state hosts some of the richest and most productive gold deposits ever discovered.
The Carlin Trend and surrounding geological belts have produced tens of millions of ounces of gold over several decades. Consequently, Nevada consistently ranks among the top global gold jurisdictions and leads U.S. production.
Large multinational miners dominate the region. Barrick Mining Corporation (NYSE: B) (TSE: ABX) and Newmont Corporation (NYSE: NEM) operate the Nevada Gold Mines joint venture, which controls many of the state’s largest deposits. Meanwhile, Kinross Gold Corporation (NYSE: KGC) (TSE: K) operates the Round Mountain mine and several exploration projects across the state.
Nevada’s mining-friendly regulatory environment also attracts smaller exploration companies. Additionally, strong infrastructure and a long mining history make the region appealing for new discoveries.
One such company is NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50), which is advancing several exploration projects in Nevada. The company focuses on oxide gold systems that could support open-pit, heap-leach mining methods commonly used across the state.
Furthermore, NevGold’s projects lie within the same broader geological setting that hosts many of Nevada’s major deposits.
NevGold Corp is a sponsor of Mugglehead news coverage
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