Welcome to our dedicated page for Silver Wolf Exploration news (Ticker: SWLFF), a resource for investors and traders seeking the latest updates and insights on Silver Wolf Exploration stock.
Silver Wolf Exploration Ltd. (SWLFF) is an exploration company based in Vancouver, BC, focusing on high-potential projects in prime silver and gold regions of Mexico. The company has received exploration permits for key claims in Ana Maria, showing promising results from extensive geochemical sampling and significant mineralization. The management team, led by Peter Latta, is dedicated to advancing the company's projects and achieving exploration success. Silver Wolf is committed to leveraging its operational synergies with Avino Silver & Gold Mines Ltd. and maximizing shareholder value through strategic initiatives and drilling programs.
Silver Wolf Exploration (SWLFF) has announced results from its inaugural drill program at the El Soldado Claim of the Ana Maria Project. The program, completed in late 2024, involved 17 holes totaling 2,560 meters with 1,234 drill core samples analyzed.
Key findings include the discovery of extensive CRD-type hydrothermal mineralization and dolomitization at depths of 150-200 meters at El Soldado, with significant intercepts including 4.85% Zn and 0.47% Pb over 1m in ES-24-005, and 2.23% Zn with 52 g/t Ag and 0.43% Pb over 0.85m in ES-24-012.
The mineralization style appears similar to the historic Ojuela Ag mine. Additionally, a 3D inversion of magnetic data has been completed at La Recompensa claim to support future drilling targeting gold-zinc contact skarn mineralization.
Silver Wolf Exploration (TSXV:SWLF)(OTCQB:SWLFF) has announced the start of its inaugural drill program at the Ana Maria Project's El Soldado Claim. The company has increased the planned drill holes to fifteen (15) for a 2,500-metre drill budget, utilizing two drill rigs. The program will focus on testing carbonate replacement deposit (CRD)-style targets along a NW-SE trend with significant precious and base metal mineralization.
The drill plan includes HQ diameter diamond drill holes ranging from 120-230 meters in length. Two optional holes are also planned to test deeper targets if initial results are promising. This fully-funded drill campaign aims to explore the mineralization beneath outcropping old workings and mineral occurrences identified by the company's technical team.
Silver Wolf Exploration (TSXV:SWLF)(OTCQB:SWLFF) has provided an operational and corporate update. The company is preparing for its inaugural drill program at the El Soldado Claim of the Ana Maria Property, with activities including finalizing drill targets, selecting a contractor, and updating budgets. The geological team believes there is discovery potential for an Ag-Pb-Zn carbonate replacement deposit (CRD) based on field mapping and geochemical data.
Silver Wolf is fully funded for the first phase of drilling, projected to start this quarter and last 3-4 months. Management continues to forgo salaries to maximize exploration efficiency. The company also announced a shares for debt transaction and plans to grant stock options to directors, officers, consultants, and employees.
Silver Wolf Exploration has finalized its shares-for-debt settlement with two principal creditors: Oniva International Services Corp. and Avino Silver & Gold Mines, issuing 3,365,000 common shares in total. Oniva received 1,073,000 shares while Avino obtained 2,292,000 shares, both at $0.20 per share. The shares have a resale restriction for four months and a day from June 26, 2024. Following this transaction, Oniva and its joint actor, CEO David Wolfin, now hold 11,351,243 shares, making up approximately 24.70% of Silver Wolf's total shares. This move aims to optimize resource utilization at the Ana Maria project, enhancing the chances of discovering minerals. An Early Warning Report has been filed on SEDAR.
Silver Wolf Exploration has successfully closed a non-brokered private placement, raising C$1,000,000 through the sale of 6,666,666 units at C$0.15 per unit. Each unit includes one common share and one-half of a warrant, allowing the purchase of additional shares at C$0.25 within three years. Insiders participated with 464,999 units, marking this as a related-party transaction. The company paid finder's fees totaling C$33,580 to several financial firms. The funds will support drill programs and general capital needs, primarily for the Ana Maria property in Mexico. The transaction is pending TSX Venture Exchange's final approval.
Silver Wolf Exploration announced a non-brokered private placement offering of up to 6,666,667 units at CAD $0.15 per unit, targeting gross proceeds of up to CAD $1,000,000. Each unit comprises one common share and half a warrant, with each whole warrant allowing the purchase of one common share at CAD $0.25 for up to 36 months. The offering is subject to TSX Venture Exchange approval and the proceeds will fund exploration on the Ana Maria property in Mexico and general working capital. Additionally, Silver Wolf entered debt settlement agreements worth CAD $673,000 with two principal creditors, issuing 3,365,000 common shares at CAD $0.20 each. These shares will have resale restrictions for 4 months and one day.
Silver Wolf Exploration has engaged Salman Partners Inc. to provide strategic advice to enhance shareholder value and awareness. The company is excited to work with Terry and the Salman Partners team to leverage their expertise and network in the mining industry. This partnership aims to increase the Silver Wolf story's visibility and appeal to a wider audience.
FAQ
What is the current stock price of Silver Wolf Exploration (SWLFF)?
What is the market cap of Silver Wolf Exploration (SWLFF)?
What is Silver Wolf Exploration Ltd. focused on?
What recent achievements has the company made?
Who leads the management team at Silver Wolf Exploration?
How does Silver Wolf plan to maximize shareholder value?
