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Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) has signed a non-binding LOI to acquire a Gold, Silver and Copper project in Sonora, Mexico. The project, located 28 KM northwest of Alamos and 11 KM north of Piedras Verdes mine, consists of two mineral concessions: El Tacon Dos (774 Hectares) and Valle del Cobre (1875 Hectares).
Historical sampling revealed significant mineral content, including a sample with 2200 g/t Ag and 4.57 g/t Au from an old tunnel, and another selective sample returning 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb and 2.92% Zn. Surface sampling showed values between 12 to 561 g/t Ag with anomalous Gold and Copper values.
The company plans to execute an 8-hole drill program using a $75,000 drill credit with a Mexican drill company. The LOI with Minera GoldZone is expected to become binding within 2-3 weeks upon due diligence completion.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) has signed an LOI to acquire the Cerro Colorado project in Sonora, Mexico. The project, located 28 KM northwest of Alamos and 11 KM north of the Piedras Verdes copper mine, comprises two mineral concessions totaling 2,649 hectares.
Initial exploration has revealed promising results from historical samples, including:
- 2,200 g/t Ag and 4.57 g/t Au from an old collapsed tunnel
- 1,840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb, and 2.92% Zn from selective dump samples
- Surface samples showing 7.2 meters true-wide with 0.75g/t Au, 159 g/t Ag, and various base metals
The company has completed mapping, sampling, soil geochemistry, and induced polarization studies in a 1,200m x 200m area. A planned drilling program of 8 holes will utilize a $75,000 drill credit with a Mexican drilling company.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) has completed drilling hole No.7 at 165.5 feet at the Boston Mine, concluding its 2024 drilling campaign. The first drill hole showed promising results with 55 feet of 0.99% Cu, 1.52 g/t Au and 30.35 g/t Ag starting at 65 feet down hole. Holes #2 and #3 are being re-assayed using metallic screen assays, with results expected in early 2025. Holes #4 and #5 have been completed and are being processed, while holes #6 and #7 are being logged and sampled. Hole #8 has been postponed to 2025 due to winter conditions. The company is developing a phase II exploration drilling campaign for 2025 and has a $75,000 drill and exploration credit for use in Mexico.
Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) has completed drilling hole No.6 at 279.9 feet and started drilling hole No.7, targeting 280 feet depth. Both holes aim to test strong historical IP anomalies related to sulfide mineralization in the skarn geology. The company is conducting metallic screen assays on holes No.2 and No.3 due to visible gold presence. Notable results from Hole No.1 include 55 feet of 0.99% Cu, 1.52 g/t Au and 30.35 g/t Ag starting at 65 feet. Masivo is exploring gold and silver opportunities in Mexico, with a $75,000 drill and exploration credit available.
Masivo Silver Corp. (TSXV: MASS, OTC Pink: GNYPF) announced the completion of drilling Hole No. 5 at the Boston Mine project in Elko County, Nevada, targeting a high-grade Gold/Copper Skarn deposit. The 322-foot drill core will be analyzed in a certified lab, with results expected in 6-8 weeks. Drilling of Hole No. 6, aiming for a depth of 300 feet, will commence next week to test historical IP anomalies indicative of sulfide mineralization. Previous drilling (Hole No. 1) yielded significant intercepts, including 55 feet of 0.99% Cu, 1.52 g/t Au, and 30.35 g/t Ag. Phase 1 consists of 6-8 holes, with a potential Phase 2 involving 8-10 additional holes. Masivo holds a $75,000 drill credit in Mexico and is exploring opportunities in Mexico and the USA to complement the Boston Mine project, allowing for winter drilling. Assay results for Holes 2, 3, and 4 are pending.
Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) has announced visible sulfide mineralization in holes No.2, No.3, and No.4 at its Boston Mine project in Elko County, Nevada. The project focuses on high-grade gold, silver, and copper. Core samples from these holes have been sent for assaying, with results expected in the coming weeks. The company is currently drilling Hole No.5.
Drilled hole depths are as follows:
- Hole No.2: 456.05 ft
- Hole No.3: 328 ft
- Hole No.4: 400 ft
Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) has commenced drilling of the third hole (BM-24-03) at its Boston Mine project in Elko County, Nevada. The project targets high-grade gold, silver, and copper. Hole No.3 aims to explore the down dip extension of high-grade ore described in historic reports at the 90-foot shaft level.
The drill core from the second hole (BM-24-02) has been sent to a certified lab for analysis, with results expected within six weeks. CEO David Coburn noted that Hole No.2 showed continuous visible high mineralization, leading to an extension of the hole 100 feet beyond the expected depth. This development has allowed the company to extend the target depth three times.
Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) has successfully completed drilling 456.05 feet at hole BM-24-02 (No.2) at the Boston Mine in Elko County, Nevada. The company extended the hole target depth three times due to continuous visible high mineralization in the drill core. The drilling team is now relocating equipment to hole BM-24-03, with drilling expected to begin by the end of the week or early next week.
The Boston Mine drilling program will comprise 8 holes totaling approximately 1,000 meters to test main mineralized zones and historical IP anomalies. Four holes will test historic mineralization in the pre-World War II high-grade producing area. The company has also issued 250,000 incentive stock options to directors, officers, and advisors.
Masivo Silver Corp. (OTC PINK:GNYPF) announced it has obtained environmental permits for its mineral claims in Nevada, part of the Boston and Montgomery Mine projects. These claims span approximately 543 hectares and include 65 unpatented claims, featuring the historic Boston Mine. CEO David Coburn expressed satisfaction with the permits, marking progress towards their exploration plans. The Boston Mine has a rich history of high-grade mineral shipments, and the project has significant geological potential with strategic silver-gold-copper mineralization.
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