Masivo Silver Corp. reports exploration and project-development updates for precious- and base-metal assets in Mexico and Nevada. The Canadian junior exploration company’s portfolio includes the Cerro Colorado Project in Sonora, Mexico, and the Boston Mine Project in Nevada, along with a processing facility in Nayarit.
Recurring company developments include Cerro Colorado permitting, geological mapping, surface sampling, induced-polarization work, diamond drilling, mineralization observations, assay-related updates, option agreements, capital-structure disclosures and governance matters tied to its public-company status on the TSXV and OTC Pink markets.
Masivo Silver Corp. (OTC PINK:GNYPF) announced a definitive option agreement to acquire a 100% interest in the La Noria Dorada project in Sinaloa, Mexico, covering 295 hectares. The project showcases promising mineralization, including an epithermal vein system with preliminary sampling revealing 9.8 g/t Au over 3.4 meters and a porphyry system delivering 1.3% Cu, 1.7 g/t Au, and 16 g/t Ag. To secure the interest, Masivo will pay US$151,500 and issue 2.65 million shares over four years while committing US$175,000 for exploration.