First Andes Stock Price, News & Analysis

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.

First Andes Silver has initiated a 2,000-meter diamond drilling program at its Santas Gloria Project in Peru, located 100km east of Lima. The program focuses on the San Jorge Vein, targeting higher-grade sulphide zones at depth, following successful 2024 drilling results. The campaign includes 11 planned holes across four drill pads, testing approximately 400m of strike length down to 230m vertical depth. Previous drilling in 2024 yielded significant results, including hole SG003 which returned 7.43m grading 224 g/t AgEq. The program is expected to complete in five weeks, with initial assay results anticipated in 4-5 weeks. The company aims to capitalize on surging silver prices amid tight global supply and increasing industrial demand.

First Andes Silver has initiated mobilization for a 2000-meter diamond drilling program at its Santas Gloria Project in Peru. The program, targeting the San Jorge Vein's higher-grade sulphide zone, follows successful 2024 drilling that revealed significant silver intercepts. The project, located 100km east of Lima, features over 12km of untested veins with exceptional surface grades including 16,699 g/t Ag at Tembladera Vein and 56 g/t Au at Kelly Vein. Previous drilling in 2024 yielded notable results, including 7.43m of 224 g/t AgEq. The project benefits from excellent infrastructure, with bench-scale flotation tests showing strong precious metals recoveries of 88.1% for silver and 80.9% for gold. The company aims to assess resource potential and prepare for potential step-out campaigns, leveraging Peru's position as the world's third-largest silver producer.

First Andes Silver (MSLVF) has secured SPF Drilling S.A.C. for a 2,000-meter diamond drilling program at its Santas Gloria Project in Peru. The program, set to begin in July 2025, will include 15-17 drill holes targeting the San Jorge vein system, which produced the best results in 2024. The San Jorge vein spans >2.6 kilometers but has only been drilled over 250m of strike. The project features fifteen at-surface vein systems totaling 12km of multiphase intermediate sulphidation veins. Notable 2024 drilling results included intercepts of 754 g/t AgEq over 1.0m and 387 g/t AgEq over 1.2m within a broader interval of 224 g/t AgEq over 7.4m at San Jorge. The 2025 program will focus on testing higher-grade sulphide zones at depth, following up on successful shallow oxide zone results.

First Andes Silver (TSXV: FAS) (OTC: MSLVF) has successfully closed its oversubscribed private placement financing, raising $1,065,000 through the issuance of 21,300,000 common shares at $0.05 per share. The company paid finders' fees of $38,500 and issued 770,000 non-transferable warrants exercisable at $0.05 per share for two years.

The proceeds will fund a follow-up drill program at the Santas Gloria silver property and general working capital. Executive Chairman Ian Stalker participated in the offering, purchasing 2,000,000 shares for $100,000. The securities issued will have a four-month resale restriction period from the issue date.

First Andes Silver (TSXV: FAS) (OTC: MSLVF) has appointed Ian Stalker as Executive Chairman and director, alongside James Hutton as advisor. Stalker brings over 50 years of mining experience, having raised over $1 billion throughout his career and directed twelve major mining projects. He previously served as CEO of K92 Mining and LSC Lithium, which sold for C$111 million in 2019.

The company announced a non-brokered private placement of up to 20 million shares at $0.05 per share, aiming to raise $1,000,000. The proceeds will fund a new drill program at the Santas Gloria silver property and working capital. The company granted Stalker 500,000 stock options at $0.05 per share and 500,000 restricted share units, vesting over two years.

First Andes Silver (TSXV: FAS) has announced significant high-grade silver assays from its maiden diamond drill program at the Santas Gloria silver property in Peru. Key highlights include 7.43m at 224 g/t AgEq with a high-grade section of 0.95m at 754 g/t AgEq. The program successfully tested multiple vein systems including San Jorge, Tembladera, Paquita, and Maribel, with 11 out of 12 holes reporting significant silver grades. Most holes were drilled in the oxide portion of the veins, with intercepts between 30-80m from surface. The company plans to conduct follow-up drilling targeting high-grade silver in the sulphide zones.

First Andes Silver has completed its maiden diamond drill program at the Santas Gloria silver property in Peru. The program consisted of 12 diamond drill holes totaling 1175.3 meters across the Tembladera, San Jorge, Paquita, and Maribel vein systems. Key highlights include:

- Successful interception of silver-bearing intermediate sulphidation epithermal veins
- Focus on strike and depth extensions of high-grade silver-base metal mineralized segments
- Drilling at San Jorge vein system (7 holes, 733.5 meters) targeted areas with previous surface channel samples of 93 to 2500 g/t Ag
- Tembladera vein system drilling (2 holes, 211.4 meters) tested areas with previous underground channel samples of >10,000 g/t Ag
- Maribel and Paquita veins drilling (3 holes, 230.4 meters) targeted areas with surface channel samples up to 582 g/t Ag and 8.57 g/t Au

Assays are pending for all drill holes and will guide the next phase of drilling to further define the potential depth and extension of the epithermal vein system at Santas Gloria.

First Andes Silver (TSXV: FAS) (OTC Pink: MSLVF) has received authorization from the Ministry of Mines in Peru to start its permitted drill program at the Santas Gloria silver property. The drill rig arrived on site on August 3, 2024, with the maiden drill program set to begin on August 5, 2024. The program will focus on strike and depth extensions of high-grade silver-base metal mineralized segments of the Tembladera and San Jorge veins.

The San Jorge vein system has shown surface channel samples assays of 93 to 2500 g/t Ag over 450 m strike length. The Tembladera vein system has returned underground channel sampling grades of >10,000 g/t Ag, >20% Pb and up to 9.1% Zn. The Santas Glorias property is located 100 km from Lima at an altitude of 3300 m and has a community access agreement valid until 2028.