# Mercado Minerals Ltd. (CSE:MERC) > Mercado Minerals Ltd. ## About Mercado Minerals Ltd. (CSE: MERC) is a silver-focused exploration company targeting the next world-class discovery in Mexico’s emerging Western Silver Belt, part of the prolific Sierra Madre Occidental mining district. With a proven team boasting extensive experience in Mexican exploration, Mercado is actively advancing multiple projects across more than 3,000 hectares. The Company is committed to creating shareholder value through disciplined exploration, strategic growth, and discovery-driven results. The strategic focus is on exploring for major silver-gold discoveries in a globally recognized mineralized corridor, with an expanded project portfolio that includes 100%-owned Copalito and Zamora silver-gold projects. The team is experienced in discovery and project advancement in Mexico, supported by a strategic investment from Vizsla Silver Corp. Mercado is dedicated to sustainable shareholder value through disciplined exploration and discovery-focused milestones. ## Key facts - **Shares outstanding:** 75,814,251 - **Fully diluted shares:** 104,361,601 - **Warrants:** 21,482,350 - **Options:** 7,065,000 - **Mineral resource:** The technical information and data for the Zamora property appears to be of a good standard. However, the QP has not conducted sufficient work to independently validate the assay rock sample results from Zamora. Therefore, the Company is treating the Zamora results as historical in nature and are not to be relied on. The QP will independently verify results of the historic work during a site visit later this year. - **Projects:** ["Zamora: 110 km north from Mazatlán, 23 km southwest of the Mining town of Cosala, 40 km west of Prime Mining’s Los Reyes project (pending $450 mm acquisition by Torex Gold Resources Inc). District scale opportunity with 4 concessions covering 378 Ha and the rights to potentially bring another 2,999 Ha of concessions back into good standing. If successful, Mercado will own a total of 3,377 Ha. Cumulative strike of over 8 km from structures with 14 historic high grade silver gold mines on them (3 on granted concessions – 11 on pending concessions). Never drill tested. Surface highlight results include: 14,561 g/t silver and 15.53 g/t gold (grab sample); 286 g/t silver and 2.54 g/t gold over 1.00 m (channel sample) and 8.00 g/t gold (soil sample). The reader is cautioned that all listed results are of a historic nature, have not been verified by the QP and are not to be relied on. The results from the area surrounding Zamora (pending concessions) are not necessarily indicative of the mineralization on the Zamora property.","Copalito: 123 km northeast from Culiacan, 35 km east of McEwen El Gallo Mine. District scale opportunity with 7 concessions covering over 2,820 ha. Option to earn 100% over 5 years. 8 km cumulative strike length over six known silver and gold veins. All historical exploration data acquired including 81 diamond drill holes. Inaugural 3,000m drill program underway. Highlight Results: 256 g/t silver, 1.46 g/t gold, 0.32% lead 1.06% zinc over 6.50 m in COP-26-001 including 848 g/t silver, 4.83 g/t gold, 0.20% lead, and 0.47% zinc over 1.20 m; 89 g/t silver, 0.46 g/t gold, 0.12% lead and 0.49% zinc over 7.25 m in COP-26-003 including 149 g/t silver, 0.73 g/t gold, 0.19% lead, and 0.77% zinc over 4.25 m; 347 g/t silver, 0.22 g/t gold, 0.17% lead 0.38% zinc over 13.10 m in BDH-20-004; 125 g/t silver, 2.00 g/t gold, 0.34% lead and 0.58% zinc over 23.00 m in BDH-21-055. Only 60% of known mapped veins have been drilled."] - **Leadership:** Leadership Daniel Rodriguez Chief Executive Officer, Director, and Founder Daniel Rodriguez brings over 16 years of expertise in capital markets and financial services to his role as CEO, Director, and Founder of Mercado Minerals Ltd. Currently, Daniel also serves as CEO of EGR Exploration Ltd., demonstrating a proven track record of leadership in the resource sector. Previously, he was Head of Corporate Development and Investor Relations at Warrior Gold Inc. (now Kirkland Lake Discoveries Corp.), where he played a pivotal role in advancing the company’s strategic initiatives. Daniel's earlier career includes managerial roles in banking and tenure as an investment advisor at boutique brokerages, where he developed a strong focus on the junior mining sector. His extensive background combines operational leadership with deep insights into financial strategy, corporate development, and investor relations. Daniel holds a Bachelor of Arts from the University of Toronto. Mathew Lee Chief Financial Officer Mathew Lee brings over 15 years of corporate finance, governance, and capital markets experience. A CPA Charterholder and graduate of the University of British Columbia, Mat has delivered outsourced CFO services to growth-stage public issuers. Mat has advised and managed finance functions for public companies across technology, mining, cannabis, and ESG industries. His career includes leadership roles at Raymond James Ltd., AP Capital Management, and Smythe LLP, where he built expertise in M&A accounting, regulatory compliance, and corporate governance. John Fraser VP of Business Development, Director, and Founder John Fraser has worked in the capital markets for over 25 years. He began his career as an Investment Advisor and Equity Trader at a number of national and boutique brokerage firms. John moved on to work with several publicly traded mining and technology companies. His roles have included management, directorship and business development. John is a Founder, Director and VP of Business Development at Mercado Minerals Ltd. Robert Duncan Senior Technical Advisor Robert Duncan is a mineral exploration professional with over 30 years of experience working for major mining companies such as Rio Tinto and Inmet Mining, as well as various junior explorers. He has held senior management roles, including Chief Operating Officer of Kutcho Copper, Vice President of Exploration at Alianza Minerals, and Exploration Manager at Rimfire Minerals. Throughout his career, Robert has successfully led exploration teams in diverse geological environments across the North American Cordillera, Canadian Shield, and Eastern Europe, specializing in a range of deposit types such as orogenic gold, porphyry copper-gold, volcanogenic massive sulfide (VMS), and epithermal gold-silver systems. Currently, he serves as Vice President of Exploration for Silver North Resources Ltd., where he is advancing the Haldane Project in the Keno Hill District of Yukon, which has seen two significant new vein discoveries. In addition to his current role, Robert acts as a technical advisor for Kutcho Copper Corp. and EGR Exploration Ltd. He holds a Master of Science (M.Sc.) in Geological Sciences from the University of British Columbia and has over eighteen years of management experience in exploration, development, and project generation within the mining industry, playing a crucial role in advancing projects from drill targeting through to feasibility. Barry Devlin Director Barry Devlin brings decades of experience to Mercado, with over 45 years as an exploration geologist. He previously held senior positions at Fortitude Gold Corporation, Gold Resource Corporation, Endeavour Silver Corporation and Hecla Mining Company. He has participated in the discovery, acquisition and development of numerous mineral deposits including extensive experience in epithermal gold-silver (high and low sulphidation) systems and porphyry copper gold skarns. Barry has worked in a variety of geologic environments in the USA, Canada, Mexico, Argentina, Bolivia, Chile, Guyana, Peru and Venezuela and has established a solid track record in generative exploration programs. He holds a Bachelor of Science degree with honours in Geology, and a Masters in Geology, from the University of British Columbia. His professional memberships include Registered Professional Geologist (P. Geo.), British Columbia, Fellow of the Geological Association of Canada and Society of Economic Geologists. Barry has several publications concerning epithermal systems. John Mirko Technical Advisor John Mirko has over 50 years’ experience in the mining industry and is currently the founder and President of Canam Mining Corporation, and the President and CEO of Rokmaster Resources Corp. He was the founder and recent President of Canam Alpine Ventures Ltd. before selling it to Vizsla Silver Corp. in September 2019. Since 1972, Mr. Mirko has consulted and prospected internationally with successful experience in discovery, permitting, mine construction and operation. He was a founder of several companies including Pacific Rim Mining Corp., Frontier Pacific Mining Corp., Roca Mines Inc., and Stikine Gold Corp. Jose Vizcarra Technical Advisor José Vizcarra is a geologist graduated from the National Autonomous University of Mexico (UNAM). He has over 40 years of experience in the Mexican mining industry, specifically in the exploration of epithermal deposits in the Sierra Madre Occidental Province. Mr. Vizcarra has collaborated with Panamerican Silver, Capstone Gold, Vizsla Silver and Dyna resources Mining. _Verified data last updated: 2026-10-21_ ## Investor FAQ ### [Latest news?](https://chat.orbiton.app/mrmnf/faq/latest-news) Not disclosed in available filings. ### [Projects overview?](https://chat.orbiton.app/mrmnf/faq/projects-overview) Mercado Minerals Ltd. is advancing two main projects: Zamora and Copalito. The Zamora project is located 110 km north of Mazatlán and covers 378 Ha, with potential to expand to 3,377 Ha, while the Copalito project is 123 km northeast of Culiacan, covering over 2,820 Ha. Both projects have historical exploration data and ongoing drilling programs aimed at discovering significant silver-gold deposits. ## Live AI chat - https://chat.orbiton.app/mrmnf/chat - Investor website: https://www.mercadominerals.com/