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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) 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.
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