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.

Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced a non-brokered private placement aiming to raise up to $350,000 by issuing up to 7,000,000 units at $0.05 per unit. Each unit includes one common share and a warrant, which can be exercised at $0.10 per share for one year. The funds will support exploration at the Santas Gloria silver property and other corporate expenses. Additionally, Darren Hazelwood has been appointed CEO, bringing valuable experience to the company.

Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced significant results from its 2022 diamond core drilling program at the Golden Hill property in Bolivia. The program yielded broad zones of gold mineralization over approximately 1 kilometer, including intercepts such as 15.02 m at 2.70 g/t gold in hole GH0008 and 7.5 m at 1.08 g/t gold in hole GH0018. CEO Stephen Clayson expressed optimism for the upcoming year, indicating plans for further investigation into the high-grade zones and a potential maiden gold resource estimate.

Mantaro Precious Metals Corp. has appointed Stephen Clayson as Chief Executive Officer and director, effective immediately, succeeding Dr. Chris Wilson, who has stepped down as Executive Chairman and director. Clayson brings over 15 years of international executive experience, particularly in mineral exploration in Latin America. He has held CEO positions in London AIM-quoted companies and has managed projects that successfully brought gold mines into production. Mantaro is focused on its drilling campaigns at the Golden Hill gold property in Bolivia and the Santas Glorias silver property in Peru.

Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced that the Bolivian government granted a new environmental license for the entire Golden Hill Property, covering 5,961 hectares. This indefinite license allows for various mining operations, including open pit, underground, and alluvial mining, offering significant expansion opportunities. The license approval followed a comprehensive review of environmental considerations by the ministry. The Golden Hill Property hosts the La Escarcha gold deposit and other targets, indicating a strong mineralization potential.