Masivo Acquires Drill Ready Gold, Silver, Copper Breccia Pipe - Pophyry Project in Mexico
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) ha firmato una lettera di intenti per acquisire il progetto Cerro Colorado in Sonora, Messico. Il progetto, situato a 28 KM a nord-ovest di Alamos e a 11 KM a nord della miniera di rame Piedras Verdes, comprende due concessioni minerarie per un totale di 2.649 ettari.
Le esplorazioni iniziali hanno rivelato risultati promettenti da campioni storici, tra cui:
- 2.200 g/t Ag e 4,57 g/t Au da un vecchio tunnel crollato
- 1.840 g/t Ag, 4,8 g/t Au, 3,06% Cu, 4,5% Pb e 2,92% Zn da campioni selettivi di scarto
- Campioni superficiali che mostrano 7,2 metri di larghezza reale con 0,75 g/t Au, 159 g/t Ag e vari metalli di base
L'azienda ha completato mappatura, campionamento, geochimica del suolo e studi di polarizzazione indotta in un'area di 1.200m x 200m. Un programma di perforazione pianificato di 8 fori utilizzerà un credito di perforazione di $75.000 con una compagnia di perforazione messicana.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) ha firmado una carta de intención para adquirir el proyecto Cerro Colorado en Sonora, México. El proyecto, ubicado a 28 KM al noroeste de Alamos y a 11 KM al norte de la mina de cobre Piedras Verdes, comprende dos concesiones minerales que suman un total de 2.649 hectáreas.
La exploración inicial ha revelado resultados prometedores de muestras históricas, incluyendo:
- 2.200 g/t Ag y 4,57 g/t Au de un antiguo túnel colapsado
- 1.840 g/t Ag, 4,8 g/t Au, 3,06% Cu, 4,5% Pb y 2,92% Zn de muestras de desechos selectivos
- Muestras superficiales que muestran 7,2 metros de ancho verdadero con 0,75 g/t Au, 159 g/t Ag y varios metales básicos
La empresa ha completado mapeo, muestreo, geoquímica del suelo y estudios de polarización inducida en un área de 1.200m x 200m. Un programa de perforación planificado de 8 pozos utilizará un crédito de perforación de $75,000 con una empresa de perforación mexicana.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF)는 멕시코 소노라에 있는 Cerro Colorado 프로젝트를 인수하기 위한 LOI를 체결했습니다. 이 프로젝트는 알라모스에서 북서쪽으로 28KM, Piedras Verdes 구리 광산에서 북쪽으로 11KM 떨어진 곳에 위치하며, 총 2,649헥타르의 두 개의 광물 수 concesiones로 구성되어 있습니다.
초기 탐사는 역사적 샘플에서 유망한 결과를 보여주었으며, 포함된 내용은 다음과 같습니다:
- 오래된 붕괴된 터널에서 2,200 g/t Ag 및 4.57 g/t Au
- 선택적 덤프 샘플에서 1,840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb 및 2.92% Zn
- 0.75g/t Au, 159 g/t Ag 및 다양한 기초 금속을 포함한 7.2미터의 실제 폭을 보여주는 표면 샘플
회사는 1,200m x 200m 지역에서 매핑, 샘플링, 토양 지구화학 및 유도 분극 연구를 완료했습니다. 계획된 8개 구멍의 시추 프로그램은 멕시코 시추 회사와 함께 $75,000의 시추 크레딧을 사용할 것입니다.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) a signé une lettre d'intention pour acquérir le projet Cerro Colorado au Sonora, au Mexique. Le projet, situé à 28 KM au nord-ouest d'Alamos et à 11 KM au nord de la mine de cuivre Piedras Verdes, comprend deux concessions minières totalisant 2 649 hectares.
Les explorations initiales ont révélé des résultats prometteurs à partir d'échantillons historiques, notamment :
- 2 200 g/t Ag et 4,57 g/t Au provenant d'un ancien tunnel effondré
- 1 840 g/t Ag, 4,8 g/t Au, 3,06 % Cu, 4,5 % Pb et 2,92 % Zn provenant d'échantillons de déchets sélectifs
- Des échantillons de surface montrant 7,2 mètres de largeur réelle avec 0,75 g/t Au, 159 g/t Ag et divers métaux de base
L'entreprise a complété la cartographie, l'échantillonnage, la géochimie des sols et des études de polarisation induite dans une zone de 1 200 m x 200 m. Un programme de forage prévu de 8 trous utilisera un crédit de forage de 75 000 $ avec une entreprise de forage mexicaine.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) hat eine Absichtserklärung zur Übernahme des Cerro Colorado-Projekts in Sonora, Mexiko, unterzeichnet. Das Projekt, das 28 KM nordwestlich von Alamos und 11 KM nördlich der Kupfermine Piedras Verdes liegt, umfasst zwei mineralische Konzessionen mit insgesamt 2.649 Hektar.
Die ersten Erkundungen haben vielversprechende Ergebnisse aus historischen Proben ergeben, darunter:
- 2.200 g/t Ag und 4,57 g/t Au aus einem alten eingestürzten Tunnel
- 1.840 g/t Ag, 4,8 g/t Au, 3,06% Cu, 4,5% Pb und 2,92% Zn aus selektiven Abfallproben
- Oberflächenproben, die 7,2 Meter echte Breite mit 0,75 g/t Au, 159 g/t Ag und verschiedenen Basismetallen zeigen
Das Unternehmen hat Kartierungen, Probenahmen, Boden-Geochemie und induzierte Polarisation in einem Gebiet von 1.200m x 200m abgeschlossen. Ein geplanter Bohrprogramm mit 8 Löchern wird ein Bohrguthaben von 75.000 $ mit einem mexikanischen Bohrunternehmen nutzen.
- High-grade historical samples: up to 2,200 g/t Ag and 4.8 g/t Au
- Strategic location near major copper mine Piedras Verdes
- Completed initial exploration work with promising results
- $75,000 drill credit available for planned drilling program
- Results based on historical data, not verified by current standards
- Early-stage project with no proven resources
- Acquisition terms and costs not disclosed
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2025) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company") is pleased to announce the signing of an LOI to acquire a Gold, Silver and Copper project in the state of Sonora, 28 KM northwest of Alamos, Sonora and 11 KM north of one of the largest private Mexican open pit copper mines in Mexico called Piedras Verdes.
The Cerro Colorado project contains 2 mineral concessions, the El Tacon Dos (Cerro Colorado) concession with 774 Hectares (1911 Acres) and the Valle del Cobre concession with 1875 Hectares (4631 Acres).
The company has completed a program of mapping and sampling, soil geochemistry and a geophysics program - induced polarization in an area of 1200 meters long by 200 meters wide where strong brecciation with strong phyllic alteration, mainly sericite and iron oxides, is observed.
In the southwest part of the project, in an old collapsed tunnel in the main structure a historical sample taken from the mineralized zone returned 2200 g/t Ag and 4.57 g/t Au.
Four hundred meters to the NE of the high grade sample in another collapsed tunnel were a selective sample of the old dumps in this mineral concession was assayed and returned values at 1840 g/t Ag, 4.8 g/t Au,
One hundred meters to the northwest from the old dump a hand-made trench was opened obtaining surface samples with strong anomalies that returned 7.2 meters true-wide with 0.75g/t Au, 159 g/t Ag,
On the surface, the alteration zone is heavily leached; multiple box works of different types of sulfides that were leached are clearly observed. Surface sampling returned values of between 12 to 561 g/t Ag and very anomalous values of Gold and Copper. This is a very rich mineral area and falls on the same trend as the Piedras Verdes mining project, giving the Masivo technical team great excitement.
Quote from Mexican Senior Geologist Rafael Gallardo, "This is one of the best projects I have worked on in Mexico in my 40 years as a Mexican Geologist in many different areas of Mexico and we are finally ready to move forward, we are very excited to drill this target, we hope to find similar polymetalic values at depth where a strong high chargeability anomaly was detected 80 meters below the surface."
Rafael Gallardo is a Senior Geologist with 40 years of experience in exploration, he has been a consultant for Minera Cascabel since 1992, he is currently Director of Prismo Metals Inc., Senior Exploration Manager of Infinitum Copper Inc., and technical advisor to Reyna Gold, he is the main generator of the advanced projects Los Pavitos of Prismo Metals and La Adelita of Infinitum Copper currently under exploration and which are very close to our Cerro Colorado project.
David Coburn says, "The Masivo technical team lead by Mark Bailey and Brian Brewer QP have been collaborating with the Mexican Geological team led by Rafael Gallardo for a Cerro Colorado drill program. The Masivo team feels that this will be a perfect complement to the Boston Mine project in Nevada which can have some challenging weather in the winter months. The terms of the Cerro Colorado project has very favorable terms and eliminates up front cash risk for our shareholders."
Masivo's QP Brian Brewer has taken some personal time off and is now on his way back to the Boston Mine project, we should expect drill results in the near future.
Mark Bailey was the CEO/Founder of Mine Finders which he sold to Pan American Silver for
A series of 8 drill holes are being modeled by Mexican Senior Geologist Rafael Gallardo. Masivo will use its
Qualified Person
Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations is available on the Company's website at www.masivosilver.com or email davidcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer
This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-Looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242413
FAQ
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