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About First Andes Silver Ltd. (MSLVF)
First Andes Silver Ltd. (OTC Pink: MSLVF) is a mineral exploration company headquartered in British Columbia, Canada, with a primary focus on the exploration and development of high-grade silver properties in Peru. The company holds a 100% interest in the Santas Gloria silver property, a promising asset located approximately 100 kilometers from Lima. Operating within the mining and exploration industry, First Andes specializes in identifying and advancing intermediate sulphidation epithermal vein systems, which are known for their high-grade silver and base metal mineralization.
Santas Gloria Silver Property
The Santas Gloria property is the cornerstone of First Andes' operations. This high-grade silver asset features a network of multiphase epithermal vein systems, including the San Jorge, Tembladera, Paquita, and Maribel veins. These veins exhibit significant strike lengths and widths, with some systems extending over 12 kilometers and reaching widths of up to six meters at the surface. The mineralization is characterized by high-grade silver, lead, zinc, and gold, making it a valuable target for exploration.
First Andes has conducted extensive channel sampling and underground workings to define high-grade mineralized zones. The maiden diamond drill program at Santas Gloria has already demonstrated encouraging results, with multiple drill holes intercepting significant silver grades. Highlights include assays of up to 10,000 g/t silver in underground channel samples and promising intercepts in oxidized and sulphide zones. The property's relatively low altitude (3,300 meters) and proximity to Lima further enhance its accessibility and logistical feasibility.
Exploration Strategy
First Andes employs a systematic exploration strategy to unlock the potential of the Santas Gloria property. The company focuses on testing the strike and depth extensions of high-grade veins, targeting both oxidized and sulphide zones. The initial drill program has laid the groundwork for further exploration, with plans to expand drilling to untested vein systems and deeper sulphide zones. By leveraging advanced geological techniques and maintaining a robust quality assurance/quality control process, First Andes aims to delineate economically viable mineral resources.
Competitive Position and Industry Context
Operating in the highly competitive junior mining sector, First Andes differentiates itself through its focus on high-grade silver properties and its strategic location in Peru, a mining-friendly jurisdiction with a rich history of silver production. The company's community access agreements, valid until 2028, and its compliance with environmental and archaeological regulations underscore its commitment to responsible exploration. These factors position First Andes as a credible player in the mining industry, with the potential to attract investors seeking exposure to high-grade silver assets.
Intermediate Sulphidation Epithermal Systems
Mineralization at Santas Gloria is classified as intermediate sulphidation epithermal, a deposit type known for its high-grade silver and base metal content. These systems typically form in volcanic or sub-volcanic environments and are characterized by multiphase vein systems with complex mineralogy. First Andes' exploration efforts focus on understanding the geological controls of these systems to optimize resource delineation and future development.
Operational Challenges and Opportunities
As an early-stage exploration company, First Andes faces challenges such as securing sufficient financing for ongoing exploration, managing regulatory compliance, and competing with other junior miners for market attention. However, the high-grade nature of its Santas Gloria property, combined with its strategic exploration approach, provides significant upside potential. The company's focus on high-grade veins and its location in a mining-friendly jurisdiction further enhance its investment appeal.
Conclusion
First Andes Silver Ltd. (MSLVF) is a promising junior mining company dedicated to unlocking the potential of high-grade silver properties in Peru. With its flagship Santas Gloria property, the company is well-positioned to capitalize on the growing demand for silver and base metals. Through a combination of technical expertise, strategic exploration, and strong community and regulatory relationships, First Andes aims to establish itself as a significant player in the silver exploration sector.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced progress and exploration plans for 2023 at its Golden Hill gold project in Bolivia and Santas Gloria silver-gold-base metal property in Peru. In 2022, the company completed its maiden 21-hole diamond drill program at Golden Hill, revealing numerous high-grade gold assays. Key advancements include new environmental licenses and drill permits for Santas Gloria. For 2023, Mantaro plans a mineral resource estimate and a petrographic study at Golden Hill while commencing a 15-hole diamond drill program at Santas Gloria, totaling 2500 meters. The Santas Gloria property is noted for high silver grades and favorable access agreements, enhancing its exploration potential. Additionally, the company has engaged MIC Market Information for marketing services to increase brand awareness and community engagement.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has successfully closed a non-brokered private placement, raising
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced the granting of options to purchase 3,100,000 common shares to its directors, officers, and consultants. Each option can be exercised at
The company focuses on gold and silver properties in Bolivia and Peru, including the advanced Golden Hill property in Bolivia and the high-grade Santas Gloria silver property in Peru.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced a non-brokered private placement aiming to raise up to
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced significant results from its 2022 diamond core drilling program at the Golden Hill property in Bolivia. The program yielded broad zones of gold mineralization over approximately 1 kilometer, including intercepts such as 15.02 m at 2.70 g/t gold in hole GH0008 and 7.5 m at 1.08 g/t gold in hole GH0018. CEO Stephen Clayson expressed optimism for the upcoming year, indicating plans for further investigation into the high-grade zones and a potential maiden gold resource estimate.
Mantaro Precious Metals Corp. has appointed Stephen Clayson as Chief Executive Officer and director, effective immediately, succeeding Dr. Chris Wilson, who has stepped down as Executive Chairman and director. Clayson brings over 15 years of international executive experience, particularly in mineral exploration in Latin America. He has held CEO positions in London AIM-quoted companies and has managed projects that successfully brought gold mines into production. Mantaro is focused on its drilling campaigns at the Golden Hill gold property in Bolivia and the Santas Glorias silver property in Peru.
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.
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