Silver is one of the most versatile metals on Earth, with a unique combination of uses both as a precious and industrial metal.

An unnamed institutional investor participated in the financing, becoming the company's latest accredited shareholder.

There are 35 geologists and 10 drill rigs onsite at the silver-gold project in Sinaloa state.

To access the gold-silver-copper-zinc deposit, Falco needs to rehabilitate an existing shaft, owned by Glencore.

The drilling will follow up on two silver discoveries made in the Bathurst mining district of New Brunswick last year.

Crescat Capital said it intends to make a strategic investment in the company.

Other veins at Columba are being drilled as part of a 5,000-metre program.

The accident took place at the Membrillo mine area as a result of a rock fall.