Silver Wolf Exploration
Silver Wolf Exploration Ltd. is a Vancouver-based, publicly traded junior mineral exploration company focused on silver and gold carbonate replacement deposit (CRD) targets in Durango, Mexico, with its flagship 2,549-hectare Ana Maria property and secondary El Laberinto concession.
- Company typePublic
- Founded2016
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Silver Wolf Exploration does
Silver Wolf Exploration Ltd. is a Vancouver-based, publicly traded (TSX.V: SWLF; OTCQB: SWLFF) junior mineral exploration company focused on silver and gold assets in Durango, Mexico. The company was originally incorporated as Gray Rock Resources Ltd. (active since at least April 2016), rebranded to Silver Wolf in October 2020, and pivoted its strategy from British Columbia copper-gold projects to Mexican silver-gold carbonate replacement deposit (CRD) exploration through an August 2020 option agreement with Avino Silver & Gold Mines Ltd. The company completed the 100% acquisition of the Ana Maria and El Laberinto properties in December 2025.
The company's core asset is the Ana Maria property — 9 mining concessions totaling 2,549 hectares located 21 km northwest of Gómez Palacio in the Minitas mining district, a prolific CRD belt near the La Platosa (~25 km) and Ojeula (~9 km, historically ~150 million ounces of silver) mines. A secondary asset, the 91.7-hectare El Laberinto concession in the Sierra de la Silla, is not currently considered material. Silver Wolf has assembled a modern exploration stack combining VRIFY's AI-driven prospectivity mapping, Spectir drone-flown hyperspectral and lidar surveys, Terraquest's 1,800 line-km aeromagnetic/radiometric/matrix EM survey, ASTER satellite analysis, and induced polarization geophysics. A fully funded 3,000-metre, 13-hole diamond drill program commenced in February 2026 with VRIFY-guided drill targeting.
Silver Wolf is pre-revenue and funds operations entirely through equity. The company has raised approximately C$5.2 million cumulatively across non-brokered private placements and LIFE offerings since 2016, with the largest single raise being the upsized C$2.125M LIFE offering in November 2025. Capital is used for exploration rather than corporate overhead; in May 2026 the company adopted semi-annual financial reporting under Coordinated Blanket Order 51-933 to reduce compliance burden. The future revenue model is structured around ore concentrate sales or custom milling via Avino Silver & Gold Mines Ltd., which holds a 60-day right of first refusal to purchase and process any ore extracted from Ana Maria and El Laberinto at Avino's mine facilities. The company is led by Chairman/CEO David Wolfin (also Avino CEO), President Peter Latta, P.Eng (ex-Avino VP Technical Services), VP Exploration J. Carlos Rodriguez M., P.Geo (ex-Avino COO, 36+ years in Mexico), and VP Finance Rodney Stevens, CFA.
Silver Wolf Exploration firmographics
Firmographics- Name
- Silver Wolf Exploration
- Legal name
- Silver Wolf Exploration Ltd.
- Website
- https://silverwolfexploration.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Silver Wolf Exploration Ltd. is a Vancouver-based, publicly traded junior mineral exploration company focused on silver and gold carbonate replacement deposit (CRD) targets in Durango, Mexico, with its flagship 2,549-hectare Ana Maria property and secondary El Laberinto concession.
- Ownership category
- akta.pro rank
Silver Wolf Exploration industry classification
Industry- Product category
- Mineral Exploration Services
- NAICS
- Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222), Support Activities for Metal Mining (213114)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Silver Wolf Exploration is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Silver Wolf Exploration business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Pre-revenue Mineral Exploration: Silver Wolf is a pre-revenue exploration company; it does not yet generate operating revenue. Capital is raised through equity financings (LIFE offerings, non-brokered private placements, shares-for-debt transactions). Future revenue is expected from the sale of ore or concentrate extracted from the Ana Maria and El Laberinto properties once they advance to production.
- Right of First Refusal / Custom Milling Revenue (future): Under the option agreement with Avino Silver & Gold Mines, Avino has a right of first refusal on 60 days' notice to purchase and process any ore or concentrate extracted from the Ana Maria and El Laberinto properties at Avino's mine facilities — representing a future toll/custom milling revenue channel.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | 2021 Non-Brokered Private Placement at C$0.20/unit |
| Unit Pricing | Pay-as-you-go | 2021 Best-Efforts Non-Brokered Private Placement up to C$1.5M |
| Unit Pricing | Pay-as-you-go | 2025 LIFE Offering Upsized to C$2.125M |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Silver Wolf Exploration product offering
Product offeringCore offering
Silver Wolf Exploration is a pre-revenue mineral exploration company that acquires, explores, and advances silver and gold properties in premier regions of Mexico. Its core activities involve conducting geological mapping, geophysical surveys, geochemical sampling, and diamond drilling on the Ana Maria and El Laberinto properties in Durango, Mexico, with the objective of discovering and delineating mineral resources for future production and sale of ore or concentrate.
Product overview
Silver Wolf Exploration Ltd. is a single-business mining exploration company (no platform-plus-modules SaaS architecture) focused on exploring and advancing two principal mineral properties in Mexico: the Ana Maria property (carbonate replacement deposit / skarn target in Durango) and the El Laberinto property. The offering is structured as a property portfolio rather than a software platform — the Ana Maria and El Laberinto properties are the named core exploration assets, and Silver Wolf supplements them with third-party-vendor technical services such as VRIFY's AI-driven prospectivity mapping software (for drill-target optimization), Terraquest's airborne geophysical survey, and Spectir's drone-flown hyperspectral imaging to advance these two properties toward a discovery.
Differentiator
Problem solved
Functional benefit
Products and services
- Ana Maria Property Silver Wolf's flagship silver-gold exploration property located 21 km northwest of Gómez Palacio, Durango, Mexico. Consists of 9 mining concessions totaling 2,549 hectares in the Minitas mining district of the Guadalupe Victoria mining region within a prolific carbonate replacement deposit (CRD) district. Targeted commodities are gold and silver in quartz veins with manganese and iron ore.
- El Laberinto Property Secondary exploration property located in the Sierra de la Silla northwest of Francisco I. Madero in Panuco de Coronado, approximately 60 km northeast of Durango City, Mexico. Consists of a 91.7-hectare mining concession hosting iron, lead and zinc sulphides with minor silver sulphosalts.
Quantifiable outcome
- Semi-annual reporting adoption expected to generate cost savings and operational efficiencies, redirecting investor capital toward exploration rather than corporate compliance costs.
- +3 more outcomes
Companies that use Silver Wolf Exploration
Customer profileSegments2 records
Ideal customer profiles2 records
Silver Wolf Exploration technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability6 records
Feature5 records
Silver Wolf Exploration partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, minor and flagship.
- VRIFYcorePartnership to use VRIFY's AI-driven prospectivity mapping software for drill targeting on the Ana Maria property. The software identified additional areas requiring separate permitting, leading to a two-phase drilling approach at the 3,000-metre, 13-hole drill program.
- Mining DiscoveryminorEntered into a $6,000 digital marketing agreement alongside the mobilization of the drill rig at Ana Maria. Used to support investor awareness and digital outreach during the active drill program.
- SGS Laboratories (Durango, Mexico)minorPrimary analytical laboratory for surface sampling assays at the Ana Maria project (gold by fire assay with AA finish; multi-element via SGS ICP14B; high-grade Cu/Mn/Fe via SGS ICP90Q).
- Terraquest Ltd.coreEngaged to perform high-resolution aeromagnetic, radiometric and matrix electromagnetic geophysical survey on the Ana Maria property. A total of 1,800 line kilometers was flown over the property and adjacent land package expansion areas — the first geophysical survey performed on the property. Terraquest is an established geophysical company (since 1984) with prior work for Teck, Rio Tinto, and De Beers.
- Garth Kirkham, P.Geo.coreIndependent consulting geologist added to the technical advisory board; serves as the Qualified Person for technical disclosure under NI 43-101. Reviewed and approved scientific and technical disclosure across multiple news releases.
- Local Communities (Durango, Mexico)minorSigned approval letters with local Mexican communities to enable exploration activities; employed 7 local community members to assist with exploration activities and road building as part of stakeholder engagement and social license to operate.
- Avino Silver & Gold Mines Ltd.flagshipOption agreement granting Silver Wolf the exclusive right to acquire a 100% interest in the Ana Maria and El Laberinto properties in Mexico. Consideration includes warrants to acquire 300,000 common shares at $0.20/share for 36 months and staged payments totaling $600,000 in cash or shares over four years plus $750,000 in exploration expenditures. Avino also granted a 60-day right of first refusal to purchase and process any ore or concentrate extracted from the properties at Avino's mine facilities. Relationship is mutual and represents operational synergies between the two companies (David Wolfin serves on both boards).
- Tahltan Central GovernmentminorCommunications Agreement (originally under Gray Rock Resources) to establish formal information sharing on activities within Tahltan traditional territory in northwestern British Columbia — legacy agreement from prior BC-focused exploration; relationship remains documented for historical continuity.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Silver Wolf Exploration competitors and assessment
Company assessmentDirect peers
- Endeavour Silver Corp: Intermediate silver producer operating multiple mines in Mexico (Guanajuato, Durango). Directly comparable to Silver Wolf as a Mexico-focused silver company with similar geology-style assets, although at a more advanced production stage.
- MAG Silver Corp: Mexico-focused silver developer with a flagship asset in the same CRD belt (Juanicipio, in Zacatecas/Durango region) where Silver Wolf is exploring. Comparable as a CRD-style silver exploration/development peer targeting high-grade Mexican ounces.
- New Pacific Metals Corp: Canada-listed junior silver developer with its flagship Silver Sand project in Bolivia — a similar pre-revenue, single-asset silver explorer with comparable market cap, jurisdictional risk profile, and capital-raising structure to Silver Wolf.
- Defiance Silver Corp: Mexico-focused silver explorer (San Acacio, Zacatecas) with a similar pre-revenue, single-asset profile to Silver Wolf. Directly comparable as a junior advancing epithermal/CRD-style silver projects in Mexico using modern exploration techniques.
- Dolly Varden Silver Corp: Junior silver exploration company listed on the TSX.V, focused on high-grade silver assets in northwestern British Columbia. Comparable as a small-cap, pre-revenue silver explorer with a single flagship property and a similar capital-raising profile to Silver Wolf.
- Avino Silver & Gold Mines: Avino is a producing silver-gold miner in Durango, Mexico — the same state and CRD belt where Silver Wolf's Ana Maria and El Laberinto properties sit, and the optionor/strategic partner of Silver Wolf. Operates the Avino mine and mill that Silver Wolf would use under its ROFR.
- Discovery Silver Corp (now Discovery Group/GR Silver): GR Silver Mining is a junior silver-gold explorer in Mexico (Plomosas, San Marcial projects) with a similar pre-revenue, Mexico-focused, single-jurisdiction profile to Silver Wolf and overlapping target styles (epithermal/CRD-style mineralization).
- Guanajuato Silver Company Ltd: Small-cap silver producer/explorer focused on the Guanajuato mining district in Mexico. Comparable as a junior/mid-tier Mexico silver peer with overlapping regional geological styles (epithermal veins, CRD-adjacent) and a similar silver-focused investment thesis.
Broad incumbents
- First Majestic Silver Corp: Larger silver producer with multiple operating Mexican silver mines (including San Dimas in Durango). A broad incumbent in Mexican silver — comparable end-commodity, comparable region, but materially larger and producing vs. Silver Wolf's exploration stage.
- SilverCrest Metals (now part of Coeur Mining): Coeur Mining acquired SilverCrest Metals in 2025; SilverCrest's Las Chispas mine in Sonora, Mexico is a high-grade silver-gold operation. Comparable as a Mexico-focused, high-grade silver-gold peer — though at a much more advanced stage than Silver Wolf.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
Silver Wolf Exploration social profiles
Digital presenceSilver Wolf Exploration financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silver Wolf Exploration leadership team
Management profileNumber of profiles
Profiles9 records
Silver Wolf Exploration subsidiaries and ownership
Company hierarchySubsidiaries1 record
Silver Wolf Exploration funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silver Wolf Exploration M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Silver Wolf Exploration
What does Silver Wolf Exploration do?
Silver Wolf Exploration is a pre-revenue mineral exploration company that acquires, explores, and advances silver and gold properties in premier regions of Mexico. Its core activities involve conducting geological mapping, geophysical surveys, geochemical sampling, and diamond drilling on the Ana Maria and El Laberinto properties in Durango, Mexico, with the objective of discovering and delineating mineral resources for future production and sale of ore or concentrate.
Is Silver Wolf Exploration a public or private company?
Silver Wolf Exploration is a public company. It is classified as public and is currently operating.
When was Silver Wolf Exploration founded?
Silver Wolf Exploration was founded in 2016. It employs 1 to 10 people.
Where is Silver Wolf Exploration based?
Silver Wolf Exploration is headquartered in Vancouver, Canada, in the North America region.
How does Silver Wolf Exploration make money?
Two revenue lines are on record. Pre-revenue Mineral Exploration is the primary driver. The others are right of First Refusal / Custom Milling Revenue (future).
Who are Silver Wolf Exploration's main competitors?
Direct peers on record are Endeavour Silver Corp, MAG Silver Corp, New Pacific Metals Corp, Defiance Silver Corp, Dolly Varden Silver Corp, Avino Silver & Gold Mines, Discovery Silver Corp (now Discovery Group/GR Silver) and Guanajuato Silver Company Ltd. Broad incumbents are First Majestic Silver Corp and SilverCrest Metals (now part of Coeur Mining).
Does Silver Wolf Exploration have an API?
No public API is recorded for Silver Wolf Exploration.
What industry is Silver Wolf Exploration in?
Silver Wolf Exploration's product category is Mineral Exploration Services. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 212220 and its SIC code is 1040.