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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.
Mantaro Precious Metals Corp. (OTCQB: MSLVF) has initiated a 5,000-meter diamond drill program at the Golden Hill Property in Bolivia. The initial focus will be on the veins of the La Escarcha Gold Mine, which reportedly contain significant visible gold and indicate increasing gold grades with depth. CEO Craig Hairfield expressed optimism about the ongoing preparations and the anticipation of assay results from this maiden drill program. The company holds interests in several mineral properties in Bolivia and Peru.
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.