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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) is set to initiate a 5,000-meter diamond drilling program at the Golden Hill Property in Bolivia, starting the week of May 15, 2022. This program follows extensive geological work revealing a 6-kilometer mineralized footprint. The initial focus will be on the La Escarcha area, with subsequent drilling planned at other exploration targets. The project is supported by drilling contractor Leduc Drilling, which has significant experience in Bolivia.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has appointed Matthew Anderson as the new Chief Financial Officer, taking over from Kelvin Lee, who has served since 2020. Anderson, a managing director at Malaspina Consultants, brings extensive experience in financial and accounting functions, having held CFO roles in various junior public companies since 2010.
To coincide with Anderson's appointment, the company granted him 100,000 options priced at $0.35 per share for five years. Mantaro focuses on gold and silver properties in Bolivia and Peru.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced a drill contract with Leduc Drilling for a 5,000-meter diamond drilling program at its Golden Hill Property in Bolivia. The drilling, set to begin in late April 2022, will focus on three targets: La Escarcha, Gabby, and Brownfields, where quartz veins measuring 1 to 5 meters in width have been identified. CEO Craig Hairfield emphasized the potential of the Golden Hill region for gold exploration, highlighting that drilling will test the depth extension of mineralization at La Escarcha first.
Mantaro Precious Metals Corp. has appointed Craig Hairfield as the new Chief Executive Officer, succeeding Dr. Chris Wilson, who remains as Executive Chairman. Hairfield brings over 17 years of experience in the mining industry, including roles in private equity and M&A advisory. His primary focus will be on leading the capital markets strategy and enhancing shareholder communication about the progress at the Golden Hill Property in Bolivia and other silver projects in Peru. The company has also granted Hairfield 250,000 stock options at $0.20 per share.
Mantaro Precious Metals Corp. (MSLVF) announced the successful completion of reconnaissance mapping and sampling at the Golden Hill Property, identifying over 2 kilometers of new vein structures. A total of 500 surface rock chip samples were collected, revealing visible gold in previously untested veins. The mineralized footprint now extends to over 6 kilometers. Results from these samples are anticipated by the end of March 2022, helping to define high-priority drilling targets. The CEO expressed optimism regarding the exploration potential.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced positive results from channel sampling at the Santas Gloria Silver Property in Peru, identifying two new veins: the Nicolas and Eulalia. Highlights include over 400 silver assays with grades exceeding 1,000 g/t Ag, and multiple high-priority drill targets defined over 3 kilometers. The company has also secured archaeological permits for drilling. Previously reported underground assays reached up to 10,000 g/t Ag, underscoring the site's potential. Mantaro aims to drill test the highest-grade areas soon.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced its 2021 achievements and future plans for exploration in Peru and Bolivia. Highlights include an $8.25 million financing, options for an 80% interest in the Golden Hill Property, and high-grade silver assays from the Santas Gloria Silver Property showing up to 10,000 g/t silver. The company is set to begin a 5000 m diamond drill program at Golden Hill in Q1 2022, with a focus on the La Escarcha target.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) reported promising preliminary metallurgical test results from its Golden Hill Property. Conducted by SGS Canada, the tests revealed gold recovery rates of 73.6% via gravity separation and 94% through cyanidation from underground material. The average head grade was confirmed at 5.53 g/t Au by fire assay. This positive data suggests a solid foundation for the upcoming diamond drill program, enhancing investor confidence in the project's potential.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced positive results from the San Jose Silver Property in Peru, revealing high-grade silver and gold assays from 140 surface rock chip samples. Notably, 11 samples exceeded 100 g/t Ag, with a maximum of 376 g/t Ag, and 7 samples exceeded 1 g/t Au, reaching up to 6.44 g/t Au. The technical team identified seven new veins during reconnaissance mapping. The property spans 3,300 hectares and is 100% owned, with plans for an extensive field program in early 2022.
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