Mercado Minerals Ltd. has signed a Letter of Intent to purchase the La Franca concession adjacent to its Campanillas concession within the Zamora project in Sinaloa, Mexico. This consolidation opens access to 750 meters of untested high-grade silver and gold mineralized veins, with recent chip samples showing significant silver and gold grades. The acquisition is structured as a three-year option agreement with staged payments and a 2% net smelter return royalty. Mercado plans to apply for drilling permits soon to test and advance this promising vein system, aiming to unlock its full potential.
Mercado Minerals' recent acquisition news is contextually placed within Basic Materials sector data from Pluang. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 18, 2026 17:42 WIB: Of 31 priced US stocks, 22 rose and 9 fell. Barrick Gold Corp (B) traded at USD 44.25 with a 1-day change of +1.29%, typical hold time 54 days, and Pluang order activity 87% Sell / 13% Buy. Newmont Corporation (NEM) was priced at USD 125.91, up 1.22%, hold time 57 days, with 30% Sell / 70% Buy activity. Lithium Americas Corp (LAC) stood at USD 2.92, up 1.04%, hold time 24 days, and 58% Sell / 42% Buy order activity.
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