First Andes Stock Price, News & Analysis

Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced progress and exploration plans for 2023 at its Golden Hill gold project in Bolivia and Santas Gloria silver-gold-base metal property in Peru. In 2022, the company completed its maiden 21-hole diamond drill program at Golden Hill, revealing numerous high-grade gold assays. Key advancements include new environmental licenses and drill permits for Santas Gloria. For 2023, Mantaro plans a mineral resource estimate and a petrographic study at Golden Hill while commencing a 15-hole diamond drill program at Santas Gloria, totaling 2500 meters. The Santas Gloria property is noted for high silver grades and favorable access agreements, enhancing its exploration potential. Additionally, the company has engaged MIC Market Information for marketing services to increase brand awareness and community engagement.

Mantaro Precious Metals Corp. (OTCQB: MSLVF) has successfully closed a non-brokered private placement, raising $365,370 through the issuance of 7,307,400 units at $0.05 each. Each unit comprises one common share and one share purchase warrant, exercisable at $0.10 for one year. Insiders acquired 500,000 units for $25,000, classified as a related party transaction. Proceeds from this offering will finance exploration at the Santas Gloria silver property and support general corporate purposes. The placed securities will be restricted from resale for four months.

Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced the granting of options to purchase 3,100,000 common shares to its directors, officers, and consultants. Each option can be exercised at $0.05 per share for a duration of five years from the grant date. This strategic move aims to align the interests of insiders with those of shareholders.

The company focuses on gold and silver properties in Bolivia and Peru, including the advanced Golden Hill property in Bolivia and the high-grade Santas Gloria silver property in Peru.