Welcome to our dedicated page for First Andes news (Ticker: mslvf), a resource for investors and traders seeking the latest updates and insights on First Andes stock.
Overview of First Andes Silver Ltd.
First Andes Silver Ltd. (MSLVF) is a British Columbia-based mineral exploration company that holds a 100% interest in the Santas Gloria silver property in Peru. Focused on high-grade silver-base metal mineralization, the company employs advanced exploration techniques that include diamond drilling and systematic channel sampling to extend its understanding of multiple vein systems. Positioned within an established mining district, First Andes Silver leverages both modern technology and proven geological methods to evaluate and define its high-potential resource base.
Core Business and Operations
The company’s core business is centered around the exploration of intermediate sulphidation epithermal systems, with a particular emphasis on the identification and definition of high-grade silver deposits. Utilizing a methodical approach, its exploration program targets both surface and subsurface mineralization through strategically planned drill programs that test strike and depth extensions of known vein systems, including the Tembladera and San Jorge veins. This approach is designed to confirm the continuity of mineralization and test for further extensions beneath historic mine workings.
Key operational aspects include:
- Exploration Techniques: The use of diamond drill rigs, channel sampling, and geologic mapping to delineate mineralized zones.
- Operational Efficiency: Implementation of quality assurance protocols including industry-standard laboratory tests to ensure accurate assay results.
- Permitting and Regulatory Compliance: The company operates under robust regulatory frameworks with environmental approvals and community access agreements, facilitating smooth exploration activities.
Geological and Technical Insights
First Andes demonstrates expertise through its detailed understanding of the mineralized systems at Santas Gloria. The property hosts multiple vein systems that exhibit high-grade silver-base metal mineralization within an intermediate sulphidation epithermal setting. Geological assessments indicate that these systems are extensive in both lateral strike and depth, making them significant from a resource perspective. The company’s detailed geological mapping and sampling campaigns have laid a solid foundation for its ongoing and future drilling programs, ensuring that exploration is both comprehensive and technically sound.
Market Position and Industry Relevance
Within the broader mining exploration sector, First Andes Silver holds a strategic position by focusing on a resource-rich deposit that benefits from established infrastructure and favorable community agreements. Its operations are characterized by a balanced investment in modern exploration methods and rigorous analytical techniques to deliver reliable technical data. This balance reinforces not only the company’s credibility among industry peers but also an overall trustworthiness that is essential for attracting further capital and technical partnerships.
Technical and Financial Considerations
While the company’s financing activities, such as private placements, support its exploration programs, the emphasis remains on the technical validation of the resource. This approach ensures that discussions about operation, drilling results, and geological evidence maintain a neutral, yet highly informative tone. The firm’s consistent adherence to quality assurance methodologies and its focus on methodical exploration rather than speculative forecasts enhance its reputation among analysts and investors interested in long-term observational data.
Investor and Analyst FAQs
Investors and market researchers will note that First Andes Silver’s detailed exploration programs not only define the deposit but also inform the company’s strategic planning. Through clear communication of its exploration methodologies, the company provides a transparent framework to assess its technical potential within a competitive landscape. The integration of modern drilling methods with classical geological surveys creates a comprehensive picture of the resource potential at Santas Gloria, making it a noteworthy entity in the mineral exploration industry.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced that the Bolivian government granted a new environmental license for the entire Golden Hill Property, covering 5,961 hectares. This indefinite license allows for various mining operations, including open pit, underground, and alluvial mining, offering significant expansion opportunities. The license approval followed a comprehensive review of environmental considerations by the ministry. The Golden Hill Property hosts the La Escarcha gold deposit and other targets, indicating a strong mineralization potential.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced its strongest drill results to date from diamond drill hole GH0005 at the Golden Hill Property in Bolivia. The hole revealed multiple high-grade gold intersections, including:
- 5.0 meters at 7.57 g/t Au from 87 meters (3.66 meters at 10.16 g/t Au)
- 3.4 meters at 8.27 g/t Au from 67.6 meters (2.02 meters at 11.82 g/t Au)
- 14.0 meters at 3.57 g/t Au from 105 meters (8.8 meters at 4.91 g/t Au)
These results confirm continuity of gold mineralization across the drill site, with further assays pending from 12 of 21 holes.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has received the authorization for drilling at the Santas Gloria Property in Peru, allowing the construction of 20 drill pads to target high-grade silver and gold veins. Key systems include the Tembladera, San Jorge, Paquita, and Maribel vein systems, with historical silver grades reaching up to 10,000 g/t. Preliminary tests showed robust recoveries above 80%. Drilling is set to begin in November 2022, enhancing Mantaro's portfolio alongside its Golden Hill Property.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced promising high-grade gold assay results from its maiden diamond drill program at the Golden Hill Property. Notable assays include:
- 8.00 meters @ 3.78 g/t Au in GH0005
- 4.00 meters @ 6.46 g/t Au in GH0006
- 1.00 meter @ 16.7 g/t Au in GH0001
- Significant gold intercepted across multiple structures with assays pending for 16 drill holes.
Dr. Christopher Wilson emphasized the consistency and significance of these results beneath the historical La Escarcha open pit.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) reports positive results from its initial diamond drill program at the Golden Hill Property, demonstrating strong gold grades from the La Escarcha deposit. The first drill hole (GH0003) revealed 4.69m at 5.15 g/t Gold, including 2.2m at 9.38 g/t Gold. Significant mineralization extends to at least 100 meters below the surface, with further assays pending from 20 additional drill holes. The results support the potential for robust gold mineralization in the region, which is part of a broader geological structure.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced the immediate resignation of CEO Craig Hairfield. Chairman Dr. Chris Wilson reassured shareholders regarding the company's strategy amidst challenging market conditions. Mantaro holds C$1.2 million in cash, sufficient for operations at the Golden Hill and Santas Gloria properties. Dr. Wilson emphasized the commitment to cost reduction and upcoming drill results from the Golden Hill Property in Bolivia, with further updates on Santas Gloria anticipated. The company emphasizes a proactive search for a new CEO.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has acquired a 51% stake in Minera Golden Hill S.R.L., owner of the Golden Hill Property in Bolivia. The transaction involved issuing 2 million shares, 1 million warrants, and cash payments totaling $500,000, along with a $250,000 investment in exploration. Mantaro aims to enhance its interests up to 80% in the future. The company will also focus on core properties, relinquishing its San Jose Silver Property to concentrate resources on Golden Hill and its Santas Gloria Silver Property.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced the completion of its initial diamond drill program at the Golden Hill Property in Bolivia. A total of 21 drill holes were completed, totaling 3,009 meters, successfully intercepting multiple gold-bearing quartz veins at various depths, with the deepest at 225 meters. The drilling confirmed the continuity of gold structures at La Escarcha and identified new quartz veins at nearby prospects. Assay results are pending, which will guide future drilling phases to explore the depth potential of the gold system.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced the completion of its initial four diamond drill holes at the La Escarcha gold deposit in Bolivia, totaling 720 meters. This initial phase of a 5,000 meter drilling program successfully intercepted down dip extensions of historically mined gold-bearing quartz shear zones, reaching depths of 150 meters. The company aims to confirm high-grade gold mineralization in areas previously mined. The drilling program shows excellent core recovery of nearly 100%, and further drilling is planned to explore additional extensions of the deposit.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has received approval from the Peruvian Ministry of Energy and Mines for the environmental application (FTA) related to its Santas Gloria Silver Property. This approval is critical as it allows Mantaro to now apply for final drilling permits, expected to be obtained by August 2022. The Santas Gloria property, covering 3,272 hectares, is entirely owned by Mantaro and boasts high-grade silver, gold, lead, and zinc. Previous channel sampling indicated silver assays exceeding 10,000 g/t.
FAQ
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