Lodestar Metals Corp Stock Price, News & Analysis

Lodestar Battery Metals Corp. (TSX-V: LSTR, OTCQB: SVTNF) announced the acquisition of an additional 7,859 hectares of mineral claims adjacent to its Peny Property in Manitoba's Snow Lake District. This strategic move aims to enhance the company's presence in the promising lithium pegmatite region. CEO Lowell Kamin emphasized the importance of this expansion for shareholder interests and future exploration initiatives. The new claims, totaling 47 for 11,191 hectares, were staked in February 2023 based on favorable geological assessments. Past exploration results, although not significant for lithium, indicate a correlation with other elements. Lodestar plans to leverage advanced remote sensing techniques to explore mineral targets effectively.

Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) announced a letter of intent to acquire The Wholesome Organic Limited, owner of the Peny Property in Manitoba, Canada. The purchase involves 13,000,000 shares valued at $1,235,000 at $0.095 per share. The Peny Property, spanning 3,204 hectares, is adjacent to a former VMS mine and is expected to focus on lithium exploration due to increasing demand in battery technology. The acquisition is pending due diligence and TSX Venture Exchange approval.

Silverton Metals Corp. (TSX-V: SVTN, OTCQB: SVTNF) has entered a share purchase agreement to acquire the Margaritas Gold-Silver Property in Durango, Mexico, from Zapata Exploration Ltd. and 0924682 B.C. Ltd. The Margaritas Property encompasses 500 hectares and is noted for its high-grade gold-silver deposits, with gold grades reported at up to 73.7 g/t. Silverton plans to expedite exploration with environmental permits already in progress. The transaction includes issuing 750,000 common shares and a 0.5% royalty. Closing is subject to customary conditions and acceptance by the TSX Venture Exchange.

Silverton Metals Corp. has announced significant progress at its 100% owned Peñasco Quemado project in Sonora, Mexico. Step-out drilling has extended silver mineralization in two areas, notably with drill hole PQ21-3 intersecting 438 g/t Ag and 0.62% Cu over 0.95 meters. This marks an expansion of nearly 400 meters from the nearest hole. Additional drilling has also expanded the mineralization by 300 meters at the Peñasco Pit. The company plans to explore further and potentially update the historic resource estimate of 9.6 million ounces of silver.

Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) has signed a three-year access agreement with the Comisariado Ejidal of Ejido Mapimi, allowing surface exploration at their Pluton silver-zinc project in Durango, Mexico. The agreement enables diamond drilling and the use of a core storage facility. Initial exploration is underway, with a seismic survey scheduled for January 2022. Recent geophysical data processing has revealed new target areas potentially indicating mineralization. Silverton has also engaged Proactive Investors for a year of editorial coverage to boost visibility.