Masivo's Clarification News Release per CIRO
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) ha firmato una lettera di intenti non vincolante per acquisire un progetto di oro, argento e rame a Sonora, Messico. Il progetto, situato a 28 KM a nord-ovest di Alamos e a 11 KM a nord della miniera di Piedras Verdes, è composto da due concessioni minerarie: El Tacon Dos (774 ettari) e Valle del Cobre (1875 ettari).
Il campionamento storico ha rivelato un contenuto minerale significativo, inclusi un campione con 2200 g/t Ag e 4.57 g/t Au proveniente da un vecchio tunnel, e un altro campione selettivo che ha restituito 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb e 2.92% Zn. Il campionamento superficiale ha mostrato valori compresi tra 12 e 561 g/t Ag con valori anomali di oro e rame.
L'azienda prevede di eseguire un programma di perforazione di 8 fori utilizzando un credito di perforazione di $75,000 con una società di perforazione messicana. Si prevede che la lettera di intenti con Minera GoldZone diventi vincolante entro 2-3 settimane al termine della due diligence.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) ha firmado una carta de intención no vinculante para adquirir un proyecto de oro, plata y cobre en Sonora, México. El proyecto, ubicado a 28 KM al noroeste de Alamos y a 11 KM al norte de la mina Piedras Verdes, consiste en dos concesiones minerales: El Tacon Dos (774 hectáreas) y Valle del Cobre (1875 hectáreas).
El muestreo histórico reveló un contenido mineral significativo, incluyendo una muestra con 2200 g/t Ag y 4.57 g/t Au de un viejo túnel, y otra muestra selectiva que devolvió 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb y 2.92% Zn. El muestreo superficial mostró valores entre 12 y 561 g/t Ag con valores anómalos de oro y cobre.
La empresa planea ejecutar un programa de perforación de 8 agujeros utilizando un crédito de perforación de $75,000 con una empresa de perforación mexicana. Se espera que la carta de intención con Minera GoldZone se convierta en vinculante dentro de 2-3 semanas tras la finalización de la debida diligencia.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF)는 멕시코 소노라에서 금, 은 및 구리 프로젝트를 인수하기 위한 비구속 LOI(의향서)를 체결했습니다. 이 프로젝트는 알라모스에서 북서쪽으로 28KM, 피에드라스 베르데스 광산에서 북쪽으로 11KM 떨어진 곳에 위치하며, 두 개의 광물 허가구역으로 구성됩니다: El Tacon Dos (774 헥타르) 및 Valle del Cobre (1875 헥타르).
역사적인 샘플링 결과, 오래된 터널에서 2200 g/t Ag 및 4.57 g/t Au를 포함한 상당한 광물 함량이 발견되었으며, 또 다른 선택적 샘플은 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb 및 2.92% Zn을 반환했습니다. 표면 샘플링에서는 12에서 561 g/t Ag 사이의 값과 비정상적인 금 및 구리 값이 나타났습니다.
회사는 멕시코 시추 회사와 함께 $75,000의 시추 크레딧을 사용하여 8개의 구멍을 뚫는 프로그램을 실행할 계획입니다. Minera GoldZone와의 LOI는 실사가 완료된 후 2-3주 이내에 구속력이 있는 계약으로 전환될 것으로 예상됩니다.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) a signé une lettre d'intention non contraignante pour acquérir un projet d'or, d'argent et de cuivre à Sonora, au Mexique. Le projet, situé à 28 KM au nord-ouest d'Alamos et à 11 KM au nord de la mine de Piedras Verdes, se compose de deux concessions minières : El Tacon Dos (774 hectares) et Valle del Cobre (1875 hectares).
Des échantillonnages historiques ont révélé un contenu minéral significatif, y compris un échantillon avec 2200 g/t Ag et 4.57 g/t Au provenant d'un ancien tunnel, et un autre échantillon sélectif retournant 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb et 2.92% Zn. Des échantillonnages de surface ont montré des valeurs comprises entre 12 et 561 g/t Ag avec des valeurs anormales d'or et de cuivre.
L'entreprise prévoit d'exécuter un programme de forage de 8 trous en utilisant un crédit de forage de 75 000 $ avec une entreprise de forage mexicaine. La lettre d'intention avec Minera GoldZone devrait devenir contraignante dans les 2 à 3 semaines suivant l'achèvement de la diligence raisonnable.
Masivo Silver Corp (TSXV: MASS) (OTC Pink: GNYPF) hat eine nicht verbindliche Absichtserklärung (LOI) unterzeichnet, um ein Gold-, Silber- und Kupferprojekt in Sonora, Mexiko, zu erwerben. Das Projekt, das 28 KM nordwestlich von Alamos und 11 KM nördlich der Mine Piedras Verdes liegt, besteht aus zwei Mineralbewilligungen: El Tacon Dos (774 Hektar) und Valle del Cobre (1875 Hektar).
Historische Probenahmen zeigten einen signifikanten Mineralgehalt, einschließlich einer Probe mit 2200 g/t Ag und 4.57 g/t Au aus einem alten Tunnel sowie einer weiteren selektiven Probe, die 1840 g/t Ag, 4.8 g/t Au, 3.06% Cu, 4.5% Pb und 2.92% Zn ergab. Oberflächenproben zeigten Werte zwischen 12 und 561 g/t Ag mit anomal hohen Gold- und Kupferwerten.
Das Unternehmen plant, ein Bohrprogramm mit 8 Löchern durchzuführen, wobei ein Bohrguthaben von 75.000 $ mit einem mexikanischen Bohrunternehmen genutzt wird. Die LOI mit Minera GoldZone soll innerhalb von 2-3 Wochen nach Abschluss der Due Diligence verbindlich werden.
- High-grade historical samples indicate strong mineralization potential
- Strategic location near major copper mine Piedras Verdes
- $75,000 drill credit available for exploration
- Project complements existing Boston Mine operations with year-round work potential
- LOI is non-binding with no material terms disclosed
- Historical and selective samples may not represent actual mineralization
- Project is early-stage with no drilling completed yet
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company"). Per Masivos communication with CIRO, they have requested further clarification on some details per the Masivo Silver News Release dated 02-26- 2025 the re-issue of the News Release should be as follows:
Masivo Silver is pleased to announce the signing of a non-binding 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. This is an arms length non-binding transaction with Minera GoldZone S.A. de C.V. and partners was signed on 02-22-2025. This LOI will become binding within the next 2 or 3 weeks upon the completion of due diligence. There are no material terms to be announced at this point but we expect to announce in the very near future.
The Cerro Colorado Sonora 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 brecciation with 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. This historic sample comes from source: "Consejo de Recursos Naturales No Renovables" (Now Servicio Geológico Mexicano) according to report, this sample was taken on November 1972 by Ing. Adalberto Vazquez P.
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,
Hermosillo,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 anomalous values of Gold and Copper. This mineralized area falls on the same trend as the Piedras Verdes mining project, all these mentioned surface samples, trench and dump samples taken in rock chips and channel, were sent to ALS CHEMEX in Sonora, the pulps were analyzed by ALS CHEMEX in Vancouver with the labs strict QA/QC.
Quote from Mexican Senior Geologist Rafael Gallardo, "This is a project with an excellent target that has never been drill-tested at depth, I am happy we are finally ready to move forward, we hope to find similar polymetalic values at depth where a 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 Senior Exploration Manager of Infinitum Copper Inc.
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 on the 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.
A series of 8 drill holes are being modeled by Mexican Senior Geologist Rafael Gallardo. Masivo will use its
Disclaimer: Surface grab samples are selective samples and assay results may not necessarily represent true underlying mineralization
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, Tel: +1 (602) 315-1231.
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/242901
FAQ
What are the key mineral findings in Masivo Silver's (GNYPF) new Sonora project?
When will GNYPF's LOI for the Sonora project become binding?
What is the size of Masivo Silver's (GNYPF) new Sonora project concessions?
What is GNYPF's planned drilling program for the Cerro Colorado project?
