First Andes Stock Price, News & Analysis

Mantaro Precious Metals Corp. (OTCQB: MSLVF) reported promising preliminary metallurgical test results from its Golden Hill Property. Conducted by SGS Canada, the tests revealed gold recovery rates of 73.6% via gravity separation and 94% through cyanidation from underground material. The average head grade was confirmed at 5.53 g/t Au by fire assay. This positive data suggests a solid foundation for the upcoming diamond drill program, enhancing investor confidence in the project's potential.

Mantaro Precious Metals Corp. (OTCQB: MSLVF) announced positive results from the San Jose Silver Property in Peru, revealing high-grade silver and gold assays from 140 surface rock chip samples. Notably, 11 samples exceeded 100 g/t Ag, with a maximum of 376 g/t Ag, and 7 samples exceeded 1 g/t Au, reaching up to 6.44 g/t Au. The technical team identified seven new veins during reconnaissance mapping. The property spans 3,300 hectares and is 100% owned, with plans for an extensive field program in early 2022.

Mantaro Silver Corp. (TSXV: MSLV) has announced an exploration update for its Golden Hill Property in Bolivia. Key activities include a mapping and sampling program led by four geologists, the extension of the La Escarcha mine shaft to deepen access, and the acquisition of high-resolution satellite imagery. Metallurgical testing on a 200 kg sample from the C2 vein has commenced. The company is also hosting a webinar on October 19, 2021, to discuss project updates.

Mantaro Silver Corp. has appointed Luis Fernando Kinn Cortez as a director, enhancing the board's expertise in the Bolivian regulatory environment and mining operations. Kinn, principal of Minera Golden Hill S.R.L., has significant experience in optimizing mining operations and community engagement. The Company is advancing towards acquiring an 80% interest in the promising Golden Hill Property in Bolivia, along with holding multiple silver properties in Peru. This strategic appointment is expected to bolster the Company’s efforts in exploration and acquisition.

Mantaro Silver Corp. (OTCQB: MSLVF) announced its common shares started trading on the OTCQB Marketplace on October 7, 2021. This new listing is expected to enhance access to U.S. investors and broaden the Company’s shareholder base. The OTCQB Marketplace offers transparent trading for entrepreneurial companies that meet specific financial reporting and verification standards. Investors can access real-time quotes, news, and market information about the Company through the OTC Disclosure and News Service, improving the trading experience.

Mantaro Silver Corp. (TSXV: MSLV) announced a name change to Mantaro Precious Metals Corp., reflecting its diversified portfolio of gold and silver assets. CEO Dr. Christopher Wilson emphasized ongoing work at the Santas Gloria and Golden Hill projects, which indicates strong potential for future development. In Bolivia, the focus is on the Golden Hill Property, while the Santas Gloria Property in Peru sees active mapping and sampling efforts. Shareholders need not exchange certificates, and the name change awaits approval from the TSX Venture Exchange.

Mantaro Silver Corp. (TSXV: MSLV) announced an option agreement to acquire up to an 80% interest in the Golden Hill Property in Bolivia, encompassing 4,468 hectares. The property features over 4 km of gold-bearing quartz veins and is fully permitted for mining and drilling. Initial investments include cash payments totaling $1.5 million, share issuances, and exploration costs of $250,000. The project is seen as strategically significant, complementing Mantaro's silver assets in Peru and demonstrating potential for high-grade gold deposits.

Mantaro Silver Corp. has provided an exploration update for its San Jose and Santas Gloria high-grade silver properties in Peru. Key highlights include an access agreement with the UTCAS community for the San Jose project, which has identified seven new veins and a copper anomaly. Additionally, the company received its first archaeological report for Santas Gloria, aiding in the drilling permit process. Mantaro is conducting mapping and channel sampling to finalize targets for its upcoming drill program.