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First Andes Silver Ltd. (MSLVF) is a mineral exploration company focused on high-grade silver deposits at its Santas Gloria property in Peru. This page provides investors and industry observers with timely updates on corporate developments and exploration progress.
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First Andes Silver (OTC:MSLVF) has announced the final assay results from its 2,000-meter drill program at the 100%-owned Santas Gloria Project in Peru. The San Jorge Vein continues to show strong silver and base metal grades within a deeply oxidized horizon, with significant precious and base metal intercepts in 11 of 14 holes.
Notable results include drill hole SG027 with 167.1 g/t AgEq over 4.80m and SG024 reporting 238.8 g/t AgEq over 1.90m. The drilling program revealed distinct flexures in the San Jorge Vein orientation, leading to plans for optimized future drilling with larger step-outs to the south. The results suggest a well-preserved sulphide-rich system that remains open at depth, potentially extending vertically for 300-800 meters or more.
First Andes Silver (OTC:MSLVF) has engaged ICP Securities Inc. to provide automated market making services for its shares. The agreement, starting August 22, 2025, has an initial term of four months with automatic one-month renewals thereafter.
ICP will utilize its proprietary algorithm, ICP Premium™, to manage temporary supply and demand imbalances in the Company's shares. The service comes at a monthly fee of C$7,500 plus taxes, with no additional performance factors, stock options, or compensation included.
First Andes Silver (OTC:MSLVF) has announced significant high-grade silver assay results from its 2,000-meter drill program at the 100%-owned Santas Gloria Project in Peru. Notable intercepts include 190.5 g/t AgEq over 6.20m from drill hole SG017, 268.2 g/t AgEq over 3.90m from SG022, and 350.4 g/t AgEq over 1.10m from SG019.
The drilling program, now completed with 14 holes totaling 2,025 meters, confirms the presence of a large, mineralized intermediate sulphidation system at San Jorge. Results from holes SG016-SG022 have been received, while assays for SG023-SG029 remain pending. The company has begun permitting additional drill pads along San Jorge and other untested vein systems property-wide.
First Andes Silver (OTC:MSLVF) has reported progress on its ongoing 2,000-meter diamond drill program at the Santas Gloria Project in Peru. The company has completed 1,092 meters across 8 holes, with multiple drill holes intersecting significant sulphide-bearing epithermal zones at the San Jorge vein system.
Key intersections include Hole SG023 with a 29.55m hydrothermal breccia zone containing massive sulphides, Hole SG020 with a 27.60m interval of strong oxidation and sulphides, and Hole SG021 with 13.80m of brecciated rock containing pyrite and galena mineralization. The drilling program has confirmed the presence of a structurally controlled silver-polymetallic system at depth.
First Andes Silver (OTC:MSLVF) has completed the final tranche of its non-brokered private placement, raising $300,000 CAD through the issuance of 3 million units at $0.10 CAD per unit. The total offering raised $1,317,000 CAD through 13.17 million units.
Each unit comprises one common share and a half warrant, with each full warrant exercisable at $0.15 CAD for two years. The company paid $5,600 in finder's fees and issued 56,000 finder's warrants. Proceeds will fund the drill program expansion at the Santas Gloria silver property and working capital needs.
First Andes Silver (TSXV: FAS, OTC: MSLVF) has completed the first tranche of its non-brokered private placement, raising $1,017,000 CAD through the issuance of 10,170,000 units at $0.10 CAD per unit.
Each unit comprises one common share and one-half share purchase warrant, with each full warrant exercisable at $0.15 CAD for two years. The company paid $42,350 in finder's fees and issued 423,500 finder's warrants. Proceeds will fund the expansion of drilling at the Santas Gloria silver property and working capital needs.
The securities have a four-month resale restriction period, and a second tranche is expected to close within seven days, subject to TSX Venture Exchange approval.
First Andes Silver (OTC:MSLVF) has expanded its previously announced non-brokered private placement from $1.0 million to $1.35 million CAD. The offering consists of 13.5 million units priced at $0.10 CAD per unit, with each unit comprising one common share and one-half share purchase warrant.
Each warrant will be exercisable at $0.15 CAD per share for a two-year period. The securities will have a four-month resale restriction period. The proceeds will fund the expansion of the company's drill program at the Santas Gloria silver property and general working capital needs.
First Andes Silver (OTC:MSLVF) has announced a non-brokered private placement to raise $1,000,000 CAD through the issuance of 10,000,000 units at $0.10 CAD per unit. Each unit includes one common share and one-half warrant, with each full warrant exercisable at $0.15 CAD for two years.
The proceeds will fund the expansion of the company's drill program at the Santas Gloria silver property and provide working capital. The securities will have a four-month resale restriction period, and the company may pay finder's fees to registered finders.
First Andes Silver (OTC:MSLVF) has clarified its drilling results from hole SG017 at the Santas Gloria Project in Peru. The company intercepted a significant 57.60-meter zone of sulphide-mineralized hydrothermal breccia from 136.60 to 194.20 meters depth at the San Jorge Vein.
The mineralization includes pyrite, galena, sphalerite, barite, and tetrahedrite, with the most intense brecciation occurring from 147.00 to 179.80 meters. A notable semi-massive galena mineralization approximately 15 centimeters wide was intercepted at 179.90 meters. The company has submitted 50 core samples totaling 43.00 meters for assay, with results expected in 3-4 weeks.
First Andes Silver (OTC:MSLVF) announced significant drilling results from hole SG017 at its Santas Gloria Project in Peru. The company intercepted a broad zone of sulphide-mineralized hydrothermal breccia spanning 57.60 meters (from 136.60m to 194.20m depth). The mineralization includes pyrite concentrations up to 20%, along with galena, sphalerite, barite, and tetrahedrite.
A notable semi-massive galena mineralization interval approximately 15cm wide was intercepted at 179.90m. The company submitted 50 HQ-diameter core samples totaling 43.00m to AHK Group laboratory, with results expected in 3-4 weeks. The intersection represents the deepest recorded epithermal mineralization in the project's history, suggesting a robust polymetallic system that remains open in all directions.