07:17 AM EST, 02/12/2025 (MT Newswires) -- Zacatecas Silver ( ZCTSF ) late on Tuesday said it has designed a drill program to follow up on previous work at silver projects in Zacatecas, Mexico.

The company will now seek bids from drill contractors based on the proposed program.

The plan aims to expand the current resource and follow up on previously drilled high-grade intercepts outside the known resource area, namely the Panuco Deposit and the El Cristo Vein System.

In addition to the two flagship deposits, Zacatecas has identified two additional high-priority exploration targets, namely the San Gill Breccia Zone and the Muleros Zone.

The company also said it closed a non-brokered fully subscribed private placement, raising $1.5 million. Proceeds from the offering will be used to fund exploration at the Esperanza Gold project and Zacatecas silver project, as well as for general working capital.