Annuncio • Oct 21
Terra Rossa Gold Ltd. completed the acquisition of Baroyeca Gold & Silver Inc. (TSXV:BGS) in a reverse merger transaction. Terra Rossa Gold Ltd. entered into an amalgamation agreement to acquire Baroyeca Gold & Silver Inc. (TSXV:BGS) for CAD 15.3 million in a reverse merger transaction on October 30, 2024. In accordance with the terms and conditions of the Amalgamation Agreement, the Company will complete a consolidation of its issued and outstanding share capital on the basis of one post-Consolidation common share for every fourteen pre-Consolidation common shares. Following completion of the Transaction, the former securityholders of Terra Rossa will hold approximately 89.4% of the issued and outstanding Company Shares. The Resulting Issuer will carry on the business of Terra Rossa, as described herein, and is expected to be listed on Tier 2 of the TSX Venture Exchange as a “Mining Issuer”. Patrick Downey will be the Chief Executive Officer and Latika Prasad as Chief Financial Officer and Corporate Secretary and Patrick Downey and Latika Prasad as Directors of the resulting issuer. Completion of the Transaction will be subject to certain conditions, including among others: (i) the requirement for Baroyeca Gold to obtain shareholder approval for the Consolidation; (ii) the requirement for Terra Rossa to obtain shareholder approval with respect to the Amalgamation; (iii) the completion of the Concurrent Financing; and (iv) obtaining the approval of the TSXV with respect to the listing of the Resulting Issuer Shares and Dissent Rights shall not have been exercised with respect to the Amalgamation by Terra Rossa Shareholders which will in the aggregate represent 5% or more of the Terra Rossa Shares outstanding on the record date for the Terra Rossa Meeting. As of September 29, 2025 TSX Venture Exchange has conditionally approved the Transaction. The Resulting Issuer will still trade under the ticker symbol “TRR”. As of October 9, 2025, the transaction is expected to close on or about October 17, 2025.
Computershare Trust Company of Canada acted as transfer agent to Baroyeca. Jay Sujir of Farris LLP acted as legal advisor to Baroyeca. Sasa Jarvis of McMillan LLP acted as legal advisor to Terra Rossa.
Terra Rossa Gold Ltd. completed the acquisition of Baroyeca Gold & Silver Inc. (TSXV:BGS) in a reverse merger transaction on October 20, 2025. Subject to receipt of final approval of the Exchange, it is anticipated that the Common Shares will commence trading on the Exchange under the ticker symbol "TRR" as a Tier 2 Mining Issuer (the "Listing"). The anticipated trading date of the Common Shares will be as of markets-open on Wednesday, October 22, 2025. As of Closing, the Company issued 66,591,600 Common Shares to the former holders of the TRG Shares.
As of Closing, the Board of Directors of the Company is comprised of: Patrick Downey, Michael Halvorson, Tim Moody, Richard Wilson, and Patrick Robinson. In addition, the executive management of the Company is as follows: Patrick Downey (CEO) and Latika Prasad (CFO and Corporate Secretary).
In connection with the Transaction, WDM Chartered Professional Accountants will resign as auditor of the Company and De Visser Gray LLP, auditor of TRG, will be appointed as auditor of the Company. Annuncio • Oct 31
Baroyeca Gold & Silver Inc., Annual General Meeting, Dec 23, 2024 Baroyeca Gold & Silver Inc., Annual General Meeting, Dec 23, 2024. Location: british columbia, vancouver Canada New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Negative equity (-CA$304k). Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.15m market cap, or US$1.57m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Annuncio • Jun 01
Baroyeca Gold & Silver Inc. announced that it expects to receive CAD 0.4 million in funding Baroyeca Gold & Silver Inc announced a non-brokered private placement of 1,600,000 units at a price 0.25 per unit for gross proceeds CAD 400,000 on May 31, 2024. Each unit will consist of one common share and one full common share purchase warrant with each warrant entitling the holder to acquire an additional common share at an exercise price of CAD 0.5 for a period of 60 months from the date of issuance. Completion of the offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month-and-one-day statutory hold period. The company anticipates paying finders' fees of up to 5 per cent of the gross proceeds of the offering, payable in cash or broker warrants, to certain eligible parties that introduce subscribers to the placement. Each broker warrant will be non-transferable and will entitle the holder to acquire one common shares at an exercise price of five cents for a period of 12 months from the date of issuance. Annuncio • Jan 06
Baroyeca Gold & Silver Inc. Approves Board Appointments Baroyeca Gold & Silver Inc. at its AGM held on January 5, 2024 approved appointment of Sherman Dahl and Pat Robinson as directors. Annuncio • Nov 23
Baroyeca Gold & Silver Inc., Annual General Meeting, Dec 29, 2023 Baroyeca Gold & Silver Inc., Annual General Meeting, Dec 29, 2023. New Risk • Nov 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$24k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$274k free cash flow). Share price has been highly volatile over the past 3 months (44% average weekly change). Negative equity (-CA$24k). Earnings have declined by 69% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.33m market cap, or US$959.2k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Annuncio • Feb 08
Baroyeca Gold & Silver Inc. announced that it has received CAD 0.662 million in funding On February 7, 2023, Baroyeca Gold & Silver Inc. closed the transaction. The company amended the terms of the transaction. The company has issued 13,240,000 units at an issue price of CAD 0.05 per unit, for proceeds of CAD 662,000 in the transaction. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director William Carr was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 28
Baroyeca Gold & Silver Inc. announced that it expects to receive CAD 2 million in funding Baroyeca Gold & Silver Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 2,000,000 on October 27, 2022. Each unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitling the holder to acquire one additional common share of the company at a price of CAD 0.20 per share for a period of two years. The company may pay fees in cash and/or securities in connection with this financing. The private placement is subject to acceptance for filing by the TSX Venture Exchange. Annuncio • Oct 14
Baroyeca Receives Assay Results from Remaining Drill Holes At the Western Extension of La Ye Target in the Atocha Project in Tolima, Colombia BAROYECA GOLD & SILVER INC. announce the remaining assay results from its Phase 2 drilling program in the western extension of La Ye mineralized corridor at its Atocha silver and gold project in Tolima, Colombia. The Company drilled approximately 1,400m in 12 holes. Follow up drill holes of this Phase 2 program continued delineating the boundaries of the mineralized shoot intersecting multiple sets of stacked veins, with up to four of them in the northernmost holes. The veins are hosted in amphibolitic to graphitic schist and a precursor high grade silver-gold zone is markedly delineated by an outer zone comprised of swarms of late white quartz epithermal veins. Graphitic schist is the preferred host rock, showing pyritic alteration haloes around the veined zones. Hole AT-22-22 intersected 0.50m of 210.33 g/t AgEq followed by 0.40m of 986.58 g/t AgEq. An undercut hole to this one, AT-22-23, intersected the same vein zones, including an upper zone of one meter of 316.70 g/t AgEq (including 0.25m of 648.88 g/t AgEq). Follow up holes towards the north included hole AT-22-27 that intersected 138.83 g/t AgEq over 0.70m and 447.38 g/t AgEq over 0.65m. Hole At-22-28 to the north of the previous hole continued intersecting the vein system returning 247.03 g/t AgEq over 0.50m and 130.65 g/t AgEq over 0.35m. The following hole in the structure, AT-22-29, returned 304.68 g/t AgEq over 0.35m for another 25m step out in hole AT-22-30 returning 261.33 g/t AgEq over 0.55m. Hole AT-22-31 intersected the widest vein zone interval in the target, over 7 meters, but lacking any sulfide content and it only returned trace gold and silver values. An undercut hole AT-22-32 between holes 29 and 30 returned 135.30 g/t AgEq over 0.36m. The mineralized shoot extends for approximately 200m along strike with a 30o rake to the north, remaining open at depth. It is offset to the south by an E-W late fault. Annuncio • Oct 12
Baroyeca Gold & Silver Inc., Annual General Meeting, Dec 15, 2022 Baroyeca Gold & Silver Inc., Annual General Meeting, Dec 15, 2022. Annuncio • Oct 04
Baroyeca Gold & Silver Inc. Provides an Update on the Santa Barbara Gold Project in Bolivar, Colombia Baroyeca Gold & Silver Inc. provide an update on the Santa Barbara Gold Project in Bolivar, Colombia. The National Mining Agency (Agencia Nacional de la Mineria, ANM) by means of Resolution #465 dated September 2, 2022, approved the transfer of 214.3345 hectares to Minera La Fortuna SAS, a 100% Colombian subsidiary of Baroyeca Gold & Silver Inc. which will be registered with the plate number 0- 439C1 (Santa Barbara South). Baroyeca is focused on continuing to improve access infrastructure to the Mariana mine, providing road access directly into the mine portal, and construction of ancillary service infrastructure and buildings. The adit has been secured and reinforced with timber beams and the collapsed zone under the artisanal shaft is being sealed, secured and circumvented drifting a parallel curved tunnel in fresh rock to reach the other side where the mineralized vein is exposed. Baroyeca is preparing for a 1,500-meter drill program at the Santa Barbara project to test the down dip and along strike extensions of the known vein systems anticipated to start before the end of November, 2022. The Company's Mining Engineering Team continues working to improve ground access to the Mariana mine and conducting underground tunnel upgrades to accelerate access to the fresh (unaltered) part of the vein below the saprock boundary. Baroyeca will continue with the bulk sampling /channel sampling in this area of the project immediately west of the Pilot Processing Plant. Rock samples are shipped by transport truck in sealed woven plastic bags to SGS sample preparation facility in Medellin, Colombia for sample preparation and analysis. SGS operate according to the guidelines set out in ISO/IEC Guide 25. Gold is determined by fire-assay fusion of a 50 g sub-sample with atomic absorption spectroscopy (AAS). Samples that return values >10 ppm gold from fire assay and AAS are determined by using fire assay and a gravimetric finish. Silver is analyzed by inductively- coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. Silver is determined by ore grade assay for samples that return >500 ppm. Annuncio • Sep 13
Baroyeca Gold & Silver Inc. Announces It Continues with Exploratory Tunneling and Simultaneous Bulk-Sampling At the Santa Barbara Gold Project in Bolivar, Colombia BAROYECA GOLD & SILVER INC. announced it continues with exploratory tunneling and simultaneous bulk-sampling at the Santa Barbara Gold Project in Bolivar, Colombia. A second batch of 15,000 kg of mineralized vein material has been processed through the pilot processing plant. Exploratory drifting continued following vein #1 from the crosscut towards the Southwest for another 25 meters. The first samples were collected starting at 3 meters from the crosscut for safety purposes, and then at approximately 1.5-meter intervals when possible. The vein in this interval splits into two parallel veins (20cm wide for each of them) and care was taken to separate the vein material from the wallrock for the bulk sample testing process. The southernmost branch of the vein is labeled A and northernmost vein labeled B for reference. Vein A averages 17.08 g/t Au for a sampled length of 18.8 m and vein B averages 25.85 g/t Au over a sampled length of 19m for a combined weighed average of 21.42 g/t Au over 0.4m in the entire interval. The cross-referenced 15 tonne bulk-sample was collected and processed using the procedure described further in the text. Assay results from the head-grade samples collected at regular intervals at the discharge point of the second ball mill and later homogenized returned 18.91 g/t Au. The Company has almost completed clearing the road access to the Mariana Mine and access to the fresh vein at Level 2 by a horizontal drift located 40 meters to the northeast of the former access shaft and bulk sampling is expected to resume here in the short term. Bulk sample collection is designed and supervised by a Qualified Person for QA/QC purposes. Baroyeca continues with the same bulk sampling process methodology with batch samples of 15 tons after completing some improvements and upgrades at the pilot processing plant. The mining method employed at the exploratory tunnels consisted of splitting the vein from the barren wall rock and separating and collecting vein material with a minimum of wall rock attached. The vein material from the tunnel was then bagged at the tunnel portal in woven plastic bags and individually weighed until an approximate nominal 10-to-15-ton batch sized sample was completed. Samples were then loaded in random order into a truck and taken to the Santa Barbara pilot gold processing plant. Once the batch was completed, the section of tunnel from where the sample was removed was surveyed and followed with channel sampling at 1-meter intervals. At the plant site, sample bags were dumped in random order after passing through a first stage of crushing to 2-inch and a second stage of crushing to 0.5 inch size. Crushed material was then stored in a bin with a vibrating door that self-feeds the primary ball mill. Crushed material was then sent to the primary ball mill (>40% passing 150 mesh) and secondary ball mill (>60% passing 200 mesh) connecting with the three 15m3 cyanide leaching tanks where the pulp was agitated before adding reagents for homogenization purposes. The head sampling consists of taking a sample of approximately 500 gr at the drain of the second ball mill point every 40 min for 8 hours. Then the complete sample is homogenized and dryed. Lastly the sample is split into a 1kg sample that is bagged and sealed to be sent to SGS labs in Medellin for Au and Ag fire assay. The pilot plant does not have a gravity separation stage or flotation system therefore there was no loss of material in the process and the sample pulp reaching the cyanide leaching tanks was considered the entire sample, with the sample being homogenized. Baroyeca's Mining Engineering Team continues working improving ground access to the Mariana mine and conducting underground tunnel upgrades to speed up access to the fresh (unaltered) part of the vein below the saprock boundary. Baroyeca will continue with the bulk sampling /channel sampling in this area of the project immediately west of the Pilot Processing Plant. Rock samples are shipped by transport truck in sealed woven plastic bags to SGS sample preparation facility in Medellin, Colombia for sample preparation and analysis. SGS operate according to the guidelines set out in ISO/IEC Guide 25. Gold is determined by fire-assay fusion of a 50 g sub-sample with atomic absorption spectroscopy (AAS). Samples that return values >10 ppm gold from fire assay and AAS are determined by using fire assay and a gravimetric finish. Silver is analyzed by inductively- coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. Silver is determined by ore grade assay for samples that return >500 ppm. Annuncio • Jul 19
Baroyeca Makes A New Copper Discovery in Santander, Colombia BAROYECA GOLD & SILVER INC. announced that its geologists have found copper mineralization in a preliminary reconnaissance campaign at its road-accessible Zapatoca Project in a new mining district in Santander Department, Colombia, about 40km southwest of the departmental capital, Bucaramanga. The discovery comprises disseminated to veinlet copper carbonates (malaquite-azurite) as seen in photo 1, constrained in siliciclastic sedimentary rock units. Sediment-hosted stratiform copper deposits haven't previously been found in this part of Colombia and so this represents a true new discovery. Baroyeca has subsequently secured an area of 4,000 hectares surrounding the new copper discovery. The newly discovered showings are located on the lower half of the northeast facing slopes edge of the Sogamoso river canyon within the Upper Jurassic Girón sedimentary sequence and the lowest members of the Los Santos formation. There are several gypsum quarries of Cretaceous age (La Paja Formation) proving the existence of large-scale evaporite beds within the basin and the stratigraphic sequence where the newly found copper stratabound mineralization is located. Red-bed mineralization forms by movement of oxidized, copper-bearing fluids across a reduction front that results in the precipitation of copper sulfides. The global tectonic framework involved in the formation of these deposits include the formation of failed rifts that subsequently became significant intracratonic basins with basal, synrift red-bed sequences overlain by marine and/or lacustrine sediments and, in some basins located at low latitudes, by thick evaporitic strata. The intracratonic setting of these basins allowed the development of a hydrologically closed basinal architecture in which highly oxidized and saline, moderate- temperature basinal brines were produced that were capable of supplying reduction-controlled sulfide precipitation over very long time periods. Annuncio • Jul 14
Baroyeca Gold & Silver Inc. Announces Additional Assay Results from Its Phase 2 Drilling Program At Its Flagship Atocha High-Grade Silver Project in Tolima, Colombia BAROYECA GOLD & SILVER INC. announced additional assay results from its phase 2 drilling program at its flagship Atocha high-grade silver project in Tolima, Colombia. The first hole of this phase 2 program (AT-22-20) intersected two stacked veins roughly 10m apart from each other. The upper vein zone returned 238 g/t AgEq over 0.25m as part of a 1.25m() vein interval and the lower vein intersect returned 413.8 g/t Ag (708.03 g/t AgEq) over 0.30m as part of a 1.30m () wide vein zone. The veins are hosted in amphibolitic to graphitic schist. Graphitic schist is the preferred host rock, showing pyritic alteration haloes around the veined zones. Drill core in the mineralized zones appeared very fractured due to a coincident faulted zone in the same zone of the veins and may have affected results due to washing and weathering. That is the case of hole AT-20-21 where precious metals values were only found in the unaltered part of the veins, returning 0.50m of 111.83 g/t AgEq followed by a second parallel structure returning 0.65m of 136.28 g/t AgEq. Follow up holes on the same mineralized structure at 25m step-outs started to delineate a mineralized shoot with greater strength to the silver and gold mineralization towards the northeast. Hole AT-22-22 intersected a strongly weathered vein zone that returned 0.40m of 986.58 g/t AgEq and 0.50m of 210.33 g/t AgEq. An undercut hole to this one, AT-22-23, intersected the vein zones, an upper zone of 1m of 316.70 g/t AgEq (including 0.25m of 648.88 g/t AgEq) and a lower vein zone of 0.2m of 231.20 g/t AgEq. Two more holes were completed to the southwest, AT-22-24 and AT-22-25. At hole AT-22-24, the drill core intersected a >4m (not true thickness) wide mineralized zone which appeared very fractured due to a coincident faulted zone in the same area of the veins and in a similar scenario as holes AT-22-21 AND 22, where the hole is drilled at shallow angle parallel to the saprolith contact and weathering may have affected assay results due to the washing of the sulfides. Annuncio • Jul 13
Baroyeca Gold & Silver Inc. Resumes Industrial Size Bulk Sampling at Its Santa Barbara Project Baroyeca Gold & Silver Inc. announced that it has resumed bulk-sampling at the Santa Barbara Gold Project in Bolivar, Colombia. A first batch of 10,304 kg of mineralized material has been processed through the pilot processing plant, which has recently been upgraded, with a gold dore bar poured on-site as part of preliminary metallurgical and plant efficiency tests. Assay results from the head-grade samples returned 18.20 g/t Au, with 130.4 grams of gold at 99.8% purity recovered on-site from the process (recoveries of 69.53%). Annuncio • Jun 11
Baroyeca Gold & Silver Inc. Reports First Assay Results from Its Phase 2 Drilling Program At Atocha High-Grade Silver Project in Tolima, Colombia Baroyeca Gold & Silver Inc. announced the first assay results from its phase 2 drilling program at its Atocha high-grade silver project in Tolima, Colombia. The Company has completed the 1,500m phase 1 drilling program at La Ye and is now moving to a new target where chip samples collected in 2021 on outcropping veins returned values as high as 1,587, 1,426, 1,345 and 1,265 g/t AgEq. The first hole of this phase 2 program (AT-22-20) intersected two stacked veins roughly ten meters apart from each other. The upper vein zone returned 238 g/t AgEq over 0.25m as part of a 1.25m vein interval and the lower vein intersect returned 413.8 g/t Ag (708.03 g/t AgEq) over 0.30m as part of a 1.30m wide vein zone. The veins are hosted in amphibolitic to graphitic schist. Graphitic schist is the preferred host rock, showing pyritic alteration haloes around the veined zones. Drill core in the mineralized zones appeared very fractured due to a coincident faulted zone in the same zone of the veins and may had affected results due to washing and weathering. Baroyeca drilled its second hole as a step out toward the southwest following the same structure along strike and at shallow depth. This successfully intersected the same vein zones as intersected in hole AT-22-20 and was also affected by coincident faulting. The first vein zone is 1.5m wide and shows sulfide oxidation in the upper half of the interval due to washing and weathering. The second 80cm wide vein shows a fault gouge in the upper faulted contact of the vein with the host rock. Assays are still pending for this hole. A third drill hole has just started as a step out to the northeast of the two drilled to date in this new area. Annuncio • May 18
Baroyeca Gold & Silver Inc. Provides an Update on Exploration Work At the Flagship Atocha Project in Tolima, Colombia BAROYECA GOLD & SILVER INC. provided an update on exploration work at the Company's flagship Atocha project in Tolima, Colombia. The Company is mobilizing a drill rig for a Phase 2 drilling program at its Atocha silver-gold exploration project in Tolima, Colombia. Drilling will be focused on a set of at least two closely spaced main parallel veins, plus additional narrow satellite veins identified in a similar trend and orientation as those recently drilled at the La Ye target. Drilling will follow the initial delineation of the vein system targeting the shallow zones and close distance step outs. Chip samples collected in 2021 on the veins outcropping in this area to be targeted by the drill returned values as high as 1,587, 1,426, 1,345 and 1,265 gpt AgEq. The Company has received and interpreted soil sample results from its Phase 1 program where contour sampling was undertaken in different selected zones where vein occurrences are known. At the Tavera zone, soil sampling was carried out covering a part of a large structural deformation corridor where there is an inferred vein system which is not exposed at surface. Soil sampling assay results in this zone revealed very highly anomalous values in gold, including over one dozen samples returning more than 3 gpt Au, all clustered in an area of 200 m x 100 m. Baroyeca has extended the soil sampling grid to cover the surrounding area for a total of 650 m x 200 m and about 200 additional soil samples have been sent to ALS Laboratories for assaying. Results are pending. Baroyeca's surface mapping and prospecting program at Atocha continues with new vein discoveries including a new parallel >1 m thick vein in outcrop approximately 130 m southeast of the new drill targets. The vein strikes northeasterly in the same dominant direction as the previously known vein outcrops located to the east of the newly discovered area where they seem to be in trend with La Ye. 2022 Field Program update: Baroyeca's field team is now focused on delineation of the Tavera-Rancho Viejo-Veta 8 vein system, coincident with a large deformation corridor while drilling resumes in that area. 2022 Diamond Drilling Program: Baroyeca has received landowner drilling permits for the 2022 drilling program, which will seek texpand and better define both the western extension of La Ye past the Santagueda fault in the Tavera sector. Target development progresses in the Tavera-Rancho Viejo-Veta 8 area. Drill holes will include step-outs to define the potential high-grade shoots. QA/QC: Rock samples are shipped by transport truck in sealed woven plastic bags to SGS sample preparation facility in Medellin, Colombia for sample preparation and from there by air to SGS facility in Lima (Peru) for analysis. SGS operate according to the guidelines set out in ISO/IEC Guide 25. Gold is determined by fire-assay fusion of a 50 g sub-sample with atomic absorption spectroscopy (AAS). Samples that return values >10 ppm gold from fire assay and AAS are determined by using fire assay and a gravimetric finish. Silver is analyzed by inductively-coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. Silver is determined by ore grade assay for samples that return >500 ppm. Soil Samples are sent to ALS Medellin in the same chain of custody fashion as the rock samples where they are prepared. Elemental analysis is done with the ME-MS41L method by Aqua Regia digestion and ICP-MS/ICP-AES trace level detection for 53 elements. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director William Carr was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 14
Baroyeca Gold & Silver Inc. Provides an Update on Exploration Works at its Atocha Project in Tolima, and Development Plans and Tunnel Upgrades at the Santa Barbara Project in Southern Bolivar Region, Both in Colombia Baroyeca Gold & Silver Inc. provided an update on exploration works at the company's Atocha project in Tolima, and development plans and tunnel upgrades at the Santa Barbara Project in Southern Bolivar region, both in Colombia. Baroyeca has finished the Phase 1 drilling campaign at Atocha and is now resuming ground exploration activities, including prospecting and mapping south of Veta Grande and La Ye, moving towards the central part of the property to generate new targets. A new vein has been discovered in a tributary of the Socorro Creek, 450m south of the El Erizo showing. The vein shows widths in outcrop from 25cm to >45cm and is found in-situ. It follows the same NE-SW trend as other veins found in the main structural corridors, remaining open on both ends for further prospecting and follow up mapping. The new vein is in line with the Tavera-Veta 8 vein system on the western side of the Santa Agueda Creek, extending this trend for over two kilometers in strike length. Samples are sent to SGS Labs in Medellin for gold and silver testing. 2021-2022 Diamond Drilling Program: Baroyeca has just completed a 2,500m Phase 1 drilling campaign at La Ye and Veta Grande East targets. Following testing La Ye target, the drill was moved to Veta Grande East to target a series of sub-outcrops looking for the source of a large concentration of high-grade silver and gold bearing boulders in proximity to an inferred mineralized shoot. A total of 4 drill holes had been completed on the western side of the head of the Socorro Creek. 3 drill holes intersected wide shear zones that included quartz veining equivalent to the inferred trace of Veta Grande. Despite being successful intersecting the main Veta Grande quartz vein, the areas tested were lacking the sulfide content that indicates the epithermal overprint and therefore lacking the silver-gold mineralization, that remains elusive at this time. The Company has agreed to continue Phase 2 drilling extending the drilling contract with Perfotec SAS on the Atocha project for an additional 5,000 meters. Perfotec and Baroyeca agreed on a temporary standstill for a period of approximately one month while Baroyeca works out logistics for access and drill pad construction at La Ye West and Tavera target zones. Santa Barbara update: Baroyeca is just finalizing the installation of new upgrades at the Santa Barbara tunnel. Upgrades include new railing and an extra mine cart to continue collecting bulk samples at Vein #2, speeding up the ore mocking and waste removal processes. A new ventilation system has been installed to ensure the tunnel complies with health and safety standards for the mining personnel as the underground development deepens into the ground. The Company is sourcing an additional air compressor that will allow for simultaneous drilling and blasting work at several mine faces. On the newly acquired project adjacent to Santa Barbara, Baroyeca is planning exploration and sampling works at the former Mariana artisanal mine, which is located less than 100 meters north of the Santa Barbara processing plant and camp. The old Mariana mine was accessible by a vertical 25- meter-deep shaft and a 40o ramp to access the upper level. Annuncio • Feb 12
Baroyeca Gold & Silver Inc. announced that it has received CAD 3.140898 million in funding On February 11, 2022, Baroyeca Gold & Silver Inc. closed the transaction. The company issued 8,973,994 units for gross proceeds of CAD 3,140,898 in the transaction. The company over-subscribed the transaction. Annuncio • Jan 22
Baroyeca Gold & Silver Inc. announced that it expects to receive CAD 3.01 million in funding Baroyeca Gold & Silver Inc. announced a non-brokered private placement of up to 8,600,000 units at a price of CAD 0.35 per unit for gross proceeds of CAD 3,010,000 on March 22, 2021. Each unit consists of one common share and one-half non-transferable common share purchase warrant. Each warrant entitling the holder to acquire one additional common share of the company at a price of CAD 0.50 per share for a period of one year. The company may pay fees in cash and/or securities in connection with this financing. The private placement is subject to acceptance for filing by the TSX Venture Exchange. Annuncio • Jan 06
Baroyeca Gold & Silver Inc. Announces Assay Results from Its Phase 1 Drilling Program at Its Atocha High-Grade Silver Project in Tolima, Colombia BAROYECA GOLD & SILVER INC. announced further assay results from its phase 1 drilling program at its Atocha high-grade silver project in Tolima, Colombia. Baroyeca has drilled eight holes at La Ye as part of an ongoing drill program which has to date covered approximately 200m of strike length of the vein corridor from its north-easternmost end. Drilling has already identified one high-grade mineralized zone or shoot near surface at La Ye that will be followed at depth in future delineation drilling campaigns once the company identifies and prioritizes other high-grade mineralized zones in different vein sets. Phase 1 drilling started targeting the San Antonio vein as the primary master vein at La Ye, which is an approximately 4 meter wide breccia/vein zone comprised of two larger (0.5 to 1 meter) well developed parallel quartz-sulfide rich veins located at the edges of the vein zone, that includes a dense set of veinlets and spur veins between them. There is also a parallel vein situated 25m to the north of the San Antonio vein, intersected in holes 3 to 8 at shallow depths, and several other narrow veins parallel to the San Antonio vein toward the south (footwall), that are producing anomalous values. These secondary veins have been mapped and can be followed at surface toward the southwest, in which direction the Company's drill program is intended to proceed. Drilling is following these veins as linked structures probably forming an echelon pattern of shoots within them along the main shear/vein corridor. Holes AT-21-01 and 02 were drilled targeting the northeastern end of the most prominent San Antonio central vein zone of La Ye vein system. Hole AT-21-01 intersected 1.1m averaging 890 g/t AgEq, including a 0.50m interval of 1,137.05 g/t AgEq. Immediately below the main vein, were a series of thinner veins and spurs as part of the main vein zone, that included 1.05m averaging 159 g/t AgEq. Hole AT-21-02 intersected the same vein at 85.70m and returned 2,233.5 g/t AgEq for an interval of 0.80m, and a second zone immediately below that returned 373 g/t AgEq over 0.90m, which correlates with the previous hole. Holes 3 and 4 were drilled along strike toward the southwest targeting the same San Antonio vein and another parallel vein set to the north that came in the upper part of both holes. This parallel vein returned 316.03 g/t AgEq over 0.50m in hole AT-21-03 and 236.32 g/t AgEq over 0.25m in hole AT-21-04. The equivalent to the San Antonio vein in hole AT-21-03 returned 551.30 g/t AgEq over 0.50m and split in two narrow segments in hole AT-21-04 of 158.89 g/t AgEq over 0.20m and 101.81 g/t AgEq over 0.30m. Holes AT-21-05 and 06 were directed eastwards to reach the lower downdip projection of the San Antonio Vein next to hole AT-21-01 and between AT-21-01 and 03 to fill the gap, and to see the effect of a NW-SE fault. Hole AT-21-05 intersected the shallow parallel vein returning 190.6 g/t AgEq over 0.40m and followed intersecting the richer San Antonio vein below that returned 561.08 g/t AgEq over 0.55m in the upper part of the vein and two contiguous intervals of 772.45 AgEq over 0.40m following 345.93 g/t AgEq over the next 0.40m in line with the intersects of holes AT-21-01 and 02. Hole AT-21-06 sucessfully intersected the shallow northern vein returning 404.23 g/t AgEq over 0.50m and the two veins part of the San Antonio vein returning 221.20 AgEq over 0.0.60m following240.08 g/t AgEq over the next 0.30m. Hole AT-20-07 intersected the same sequence of veins with384.40 g/t AgEq followed by 400.30 g/t AgEq over 0.50m. Drill hole AT 21-08 has been completed and samples submitted to SGS for preparation and analysis. At the date of this news release, the Company is still awaiting the results of their analysis from SGS. The ninth hole is underway as part of Baroyeca's initial 2,500m phase 1 drilling program at the La Ye vein system, targeting three silver-gold bearing vein zones at depth which have been mapped at surface. Annuncio • Dec 16
Baroyeca Gold & Silver Inc. (TSXV:BGS) signed a letter of agreement to acquire 200 Hectares gold project in Bolivar, Colombia. Baroyeca Gold & Silver Inc. (TSXV:BGS) signed a letter of agreement to acquire 200 Hectares gold project in Bolivar, Colombia on December 15, 2021. Under the terms, Baroyeca Gold & Silver Inc. agrees to pay $0.25 million in cash over three payments and to issue to the Vendor $0.25 million worth of shares in three tranches with the number of shares to be determined using the average closing price for the five trading days prior to each issuance date. The letter of intent is non-binding and provides an exclusivity period until February 8, 2022 for the parties to negotiate a definitive agreement. The Transaction is subject to acceptance for filing by the TSX Venture Exchange. Recent Insider Transactions • Oct 17
Independent Director recently sold CA$204k worth of stock On the 15th of October, William Carr sold around 1m shares on-market at roughly CA$0.18 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$248k more than they bought in the last 12 months. Annuncio • Oct 09
Baroyeca Gold & Silver Inc. Receives Final Permits to Commence Phase 1 Drill Program At the Atocha Project in Tolima, Colombia Baroyeca Gold & Silver Inc. announced it has received all necessary permits to commence its phase 1 drilling program at its Atocha high-grade silver project in Tolima, Colombia, and secured a drill contract with Perfotec SAS of Bogota, Colombia. Baroyeca will focus its initial 2,000m phase 1 drilling program at the La Ye vein system using multiple drill platforms to follow the vein trend along strike. It is anticipated to target several stacked and closely- spaced parallel silver-rich veins identified at surface. Drilling will help characterize these veins at depth as well as the distribution of the high-grade silver (and gold) zones found at surface. The drilling program is not limited to 2,000m, and depending on results and funding, the company intends to keep stepping out to the west and testing other targets as land permits are obtained. Baroyeca has produced a succession of encouraging results this year from surface exploration and channel sampling, particularly at the La Ye vein system, a zone comprised of three parallel vein zones over a width of 250m. The northernmost vein is well exposed and appears to be a high-grade shoot with silver values from rock chip samples collected at surface returning up to 948.2g/t AgEq. The central part of the system is comprised of three large parallel veins and several low angle associated vein sets. The best sampling results have come from an exposure of the vein along the San Antonio creek in the north- facing slopes with assay results from rock chip samples returning bonanza grades of 2,544g/t Ag in one vein and 1,317g/t Ag in a parallel vein. Other samples returned more than 300g/t Ag. Annuncio • Sep 15
Baroyeca Gold & Silver Inc. Announces Assay Results from a 500-Ton Industrial Sized Bulk Sample Collected from an Exploratory Tunnel at its Santa Barbara Gold Project in Bolivar, Colombia BAROYECA GOLD & SILVER INC. announced assay results from a 500-ton industrial sized bulk sample collected from an exploratory tunnel at its Santa Barbara gold project in Bolivar, Colombia. Sampling was started in 2019 and continued through 2020 by a previous project operator. The sampling process was designed and supervised by a Qualified Person with Baroyeca completing the process to obtain a 500-ton sample. The Santa Barbara exploratory tunnel has been driven for 150m following a continuous shoot in a gold bearing vein. The vein has been mapped at surface for continuation, dip measurements and strike direction so it can be followed by the tunnel and continued along strike beyond the current tunnel length in the near future. Channel and bulk sampling started at meter 25 from the tunnel portal where a crosscut intersected the gold vein under existing artisanal mining works on surface. Channel samples collected by Baroyeca in 2020 averaged 35.18 g/t Au. The gold mineralized vein averages 0.30m in width (in some areas up to 0.5m thick) and locally splits into two veins which later rejoin. The vein follows a right lateral fault striking N050 dipping steeply to the NW and turning into N030 dipping steeply to the SE towards the tunnel portal (NE). The vein shows between 10% and 60% sulfide content (pyrite, sphalerite, galena, and minor chalcopyrite) in a gangue of quartz, manganese-bearing carbonates and calcite. Chlorite and sericite are conspicuously present as alteration minerals. Breccias and multi-episode banded textures are the most commonly present. The mining method employed at the tunnel consists of splitting the vein from the barren wall rock, separating and collecting the vein material with a minimum of wall rock shoulder attached. The vein material from the tunnel is then bagged at the tunnel portal in woven plastic bags and individually weighed until an approximate nominal 10 to 15 ton batch sized sample is completed. Samples are then loaded in random order in a truck and taken to the Santa Barbara pilot gold processing plant. At the plant site, sample bags are dumped in random order to pass through a first stage of crushing to 2 inch and then a second stage of crushing to 0.5 inch particle size. Crushed material is then storedin a bin with a vibrating door that self-feeds the primary ball mill. Crushed material is then sent to the primary ball mill (>40% passing 150 mesh) and secondary ball mill (>60% passing 200 mesh) connecting with the three 15m3 cyanide leaching talks where the pulp is agitated before adding any reagent for homogenization purposes. The pilot plant does not have any gravity separation stage or flotation system therefore there is no loss of material in the process and the sample pulp once reaches the cyanide leaching tanks can be considered the entire sample and the sample being homogenized. A 1 kg head grade sample is then collected from the tank before the cyanide leaching process can start. Annuncio • Aug 31
Baroyeca Gold & Silver Inc. Discovers New Vein Zone and Extends Veta Grande Vein System to More Than 2Km in Strike Length at the Atocha Property (Colombia) Baroyeca Gold & Silver Inc. announced additional assay results from chip samples at new vein discoveries following the Veta Grande vein system west of the Santa Agueda creek/fault zone at the company's Atocha project in Tolima, Colombia. In total, the Veta Grande vein system has been traced for over 2km of strike length and remains open at both ends within the property boundaries. Baroyeca's surface mapping and prospecting program at Atocha continues to make new vein discoveries which show vein widths in outcrop from 35cm to >45cm. Chip samples collected at surface from outcropping vein exposures returned grades of up to 311 g/t Ag and 19.2 g/t Au. The highest silver and gold assay results were from a series of parallel vein exposures and outcrops discovered following the inferred trace of the known Veta Grande vein corridor, on the western side of the Santa Agueda Creek, interpreted as a fault with vertical offset and southwest directed displacement. The vein system strikes northeasterly as the dominant direction of veins and has joined previously known vein outcrops west of the newly discovered area where they seem to be in trend with the Veta Grande (East sector) vein system that has returned the highest silver values on the property to date. The Veta Grande vein system has now been traced in sub-continuous outcrops over a strike length in excess of 2,000m, and it remains open to both the northeast and southwest. Veta Grande vein system (west sector) AgEq (g/t) values over outcrop/sub-outcrop and inferred trace of veins. (AqEq converted using a silver to gold ratio of 75:1 at recoveries of 100%). Baroyeca's field team is now focused on delineation of the Tavera-Rancho Viejo vein system, coincident with a large deformation corridor, and will soon move to Veta Grande (East sector) while it works to receive permits from landowners to access other priority zones of the property. Baroyeca has applied for drilling permits for the 2021 drilling program, which will seek to expand and better define both the La Ye and Veta Grande zones while target development progresses in the Tavera-Rancho Viejo area. Drill holes will include step-outs to define the potential high-grade shoots. Rock samples are shipped by transport truck in sealed woven plastic bags to SGS sample preparation facility in Medellin, Colombia for sample preparation and from there by air to SGS facility in Lima (Peru) for analysis. SGS operate according to the guidelines set out in ISO/IEC Guide 25. Gold is determined by fire-assay fusion of a 50 g sub-sample with atomic absorption spectroscopy (AAS). Samples that return values >10 ppm gold from fire assay and AAS are determined by using fire assay and a gravimetric finish. Silver is analyzed by inductively-coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. Silver is determined by ore grade assay for samples that return >500 ppm. Annuncio • Aug 05
Baroyeca Gold & Silver Inc. Announces Additional Assay Results from Chip Samples At New Parallel Vein Discoveries Baroyeca Gold & Silver Inc. announced additional assay results from chip samples at new parallel vein discoveries at the western extension of the veins discovered at Tavera-Rancho Viejo vein system within the Company's Atocha project in Tolima, Colombia. Baroyeca's surface mapping program at Atocha continues and keeps increasing the size and footprint of the silver-gold vein system at Tavera-Rancho Viejo. Chip samples collected at surface from outcropping vein exposures returned grades of up to 401.6 g/t Ag and 13.93 g/t Au at surface. The highest silver and gold assay results were from a series of parallel vein exposures (Veta 8) and outcrops discovered following the inferred trace of the known Tavera-Rancho Viejo veins. To date, the vein system has returned consistently high silver and gold grades over a strike length in excess of 1,000m, and it remains open in both directions. The vein system at Tavera-Rancho Viejo-Veta 8 strikes northeasterly as the dominant direction of veins, even though a NNW-SSE conjugate system is also recognized in the area. Newly discovered vein occurrences show widths in outcrop from 15cm to >30cm. Further work is scheduled to continue to follow these zones along strike to define areas where these veins can show higher Ag and Au grades and widths. Baroyeca geologists have also delineated large zones of sericitic alteration locally with over >10% disseminated sulfides (pyrite) south and west of the main veined area. Assay results returned anomalous gold and silver values in these zones and are interpreted as hydrothermal alteration (argillic) associated to a late epithemal event, with the potential vectors for that type of gold mineralization. Baroyeca has applied for drilling permits for the 2021 drilling program, which will seek to expand and better define both the La Ye and Veta Grande zones while target development progresses in the Tavera-Rancho Viejo area. Drill holes will include step-outs to define the potential high-grade shoots. Annuncio • Jul 14
Baroyeca Announces Assay Results of High-Grade Silver-Gold Atocha Property (Colombia) Baroyeca Gold & Silver Inc. announced additional assay results from new parallel vein discoveries and from the western extension along strike of the veins discovered at the La Ye vein system at the Company's flagship Atocha project in Tolima, Colombia. The discovery of these veins and initial sampling results were reported earlier this month. The company increases the footprint of the high-grade silver-gold vein system at La Ye and samples bonanza grade silver of up to 2,544 g/t Ag at surface. The highest silver and gold assay results were found in a series of infill outcrops discovered after following the inferred trace of the veins and surface geomorphological features identified from a Lidar DEM survey analysis along their strike length. To date, the vein system has returned consistently high silver grades over a strike length in excess of 500m, and which remains open in both directions. The wide and extensive vein system at La Ye can be subdivided into three parallel zones over a width of 250m. The northernmost vein is well exposed on the west facing slopes of the Santa Agueda creek and appears to be a high-grade shoot with silver values from rock chip samples collected at surface returning 569g/t, 426.5g/t, 426.6g/t, 379.8g/t, 326.6g/t and 309.5g/t of silver or 948.2g/t, 697.47 g/t, 620.37 g/t, 619.2 g/t, 548.08 g/t and 453.3g/t AgEq including gold. The central part of the system is comprised of three large major parallel veins and several low angle associated vein sets. The best sampling results have come from an exposure of the vein along the San Antonio creek in the north facing slopes with assay results from rock chip samples returning 2,544g/t Ag in one vein and 1,317g/t Ag in a parallel vein. Other samples returned more than 300g/t Ag. The westernmost sampled zone returned 709.45g/t and 562.6g/t AgEq. The southern part of the vein system is not as well exposed as in the other zones with only three vein outcrops found to date although the silver values in rock chips are still consistently high, particularly in the southernmost vein where assay results returned 316g/t Ag and 15.01g/t Au (1,441.75g/t AgEq). Close to the southernmost outcrop found at the La Ye vein system, another vein corridor has been identified which suggests they may form part of a much broader system. Historical rock chip samples by a previous operator reported 766g/t, 716g/t, 511g/t, 354g/t and 338g/t from one outcrop location and 282g/t and 147g/t from another outcrop of a parallel vein. The trend indicates they are part of the Veta Grande vein system where a recent outcrop discovered by Baroyeca on the western extension returned very high gold and silver values up to 14.4g/t Au and 420g/t Ag and 1,500g/t, 1,414.25g/t, 934.22g/t and 886.4 g/t AgEq. Annuncio • Apr 27
Baroyeca Gold & Silver Inc. announced that it has received CAD 1.68901 million in funding On April 26, 2021, Baroyeca Gold & Silver Inc. (TSXV:BGS) closed the transaction. The company sold 5,630,034 units at the price of CAD 0.30 per unit raising a total of CAD 1,689,010. As part of the private placement, the company paid finder’s fees in cash and securities with respect to certain participants introduced by the respective finders as follows: Research Capital Corporation was paid a total of CAD 24,414 in cash and received 81,380 broker’s warrants with respect to participants they introduced and Haywood Securities Inc. was paid CAD 37,801 in cash and received 126,002 broker’s warrants with respect to participants they introduced. Each broker’s warrant entitles the holder to
acquire one additional common share of the company at a price of CAD 0.30 per share for one year. The company also paid CAD 10,440 in cash to one individual who introduced certain participants from Europe to the financing. The securities issued pursuant to the private placement, and any securities issued on the exercise of warrants from the offering, or broker’s warrants, bear a legend restricting them from trading until August 24, 2021. The private placement remains subject to acceptance for filing by the TSX Venture Exchange. Annuncio • Mar 24
Baroyeca Gold & Silver Inc. announced that it expects to receive CAD 2.04 million in funding Baroyeca Gold & Silver Inc. (TSXV:BGS) announced a non-brokered private placement of up to 6,800,000 units at a price of CAD 0.30 per unit for gross proceeds of CAD 2,040,000 on March 22, 2021. Each unit consists of one common share and one-half non-transferable common share purchase warrant. Each warrant entitling the holder to acquire one additional common share of the company at a price of CAD 0.45 per share for a period of one years. The transaction is subject to acceptance for filing by the TSX Venture Exchange. The company may pay fees in cash and/or securities in connection with this transaction. Annuncio • Mar 06
Baroyeca Gold & Silver Inc. Appoints Raul Sanabria as Director and President Baroyeca Gold & Silver Inc. announced that Raul Sanabria, M.Sc., EurGeol. and P.Geo., has been appointed a director and President. Raul has more than 20 years of progressive experience in the mining and exploration industry worldwide with a long trail of discoveries to his credit. He has worked in Europe, West Africa, Canada and in several countries of Central and South America, mainly exploring for precious metals. Raul has been continuously developing projects in Colombia since 2010. Annuncio • Mar 05
John Robins Joins Baroyeca Gold & Silver Inc. as Special Advisor to the Board Baroyeca Gold & Silver Inc. announced that John Robins, founder of the Discovery Group of companies, has agreed to become a special advisor to the Board of Directors of the company. Annuncio • Mar 04
Baroyeca Gold & Silver Inc. Reports Results from Sampling of Two New Veins Discovered at its Santa Barbara Gold Project Baroyeca Gold & Silver Inc. reported results from surface rock sampling conducted on its recently acquired Santa Barbara Project, comprising 110.86 hectares located in the San Lucas Gold Belt, in Bolivar Department, one of the richest gold districts in Colombia. With this initial sampling program, Baroyeca has expanded the known gold bearing vein system at Santa Barbara through rock sampling over a 500m x 500m area, located on trend with the regional NE-SW structures that host the gold bearing veins in the project area. The 2020 exploration due diligence field program expanded a cluster of high-grade silver-gold veins identified from 2015 to 2018 at the center of the property by the previous operator. The program involved the collection of ten samples with all samples reporting gold grades greater than 7.0 g/t Au. The seven highest grade samples were obtained from a series of rock chip samples taken in three exposures of the veins right at surface, and returned gold values of 13.20 g/t, 13.18 g/t, 11.73g/t, 11.49 g/t, 11.13 g/t, 11.11 g/t and 10.01 g/t Au. Table 1 included below at the end of this release sets out the results of all samples that were collected by the previous operator (the first fourteen) and by the Company (ten samples). Following the table is a map labeled as Figure 1 on which is plotted the location of each of the samples collected and the vein structures identified. The vein system was recognized by the extensive number of pits and prospects excavated by artisanal miners on the property. Prospecting and conducting a GPS inventory of the artisanal works resulted in the discovery of multiple sets of low to intermediate sulphidation epithermal veins, vein swarms, and siliceous breccias hosted in basement gneisses of the San Lucas Formation. Individual quartz veins typically range from 20 cm to >1.0 m in width, are steeply dipping, and have been traced on surface for up to >250 m along strike with several vein structures interpreted to project beyond their current mapped extent beneath talus and scree cover. Dominant vein orientations are north-northeast. 2021 Surface Exploration Program: Concurrent with the 2021 prospecting program in the Santa Barbara Property, Baroyeca is planning a field program designed to evaluate continuation of known structures. It will consist of reconnaissance level structural and geological mapping based on Lidar detailed imagery and DEM, prospecting and soil geochemical sampling to evaluate historic showings and to explore for new zones of mineralization. Induced Polarity (IP) Geophysical surveys are contemplated as part of the definition of structures hosting veins at a property scale. These programs will be undertaken over the next six to twelve months and have been budgeted at a cost of $500,000. The Company has the funds on hand to finance these programs. Advancing exploration tunnels will continue non-stop and a second vein will be evaluated as a new large size bulk sample (300 to 500 tons). Net revenues from sales of gold produced will be used to defray overhead expenses and the costs of exploration activities. Title and Access to Santa Barbara Property: On February 5, 2021, the Company closed its Mineral Property Option Agreement with Malabar Gold Corp. ("Malabar") pursuant to which Malabar granted the Company an option to acquire a 100% interest in the Santa Barbara Property. Malabar holds the right to the title to the property through a third party who has filed for the transfer of title to Malabar with the Colombian registry. Agreements providing access to the property and the right to conduct the bulk sampling and test milling activities are in place between Sociedad Minera La Fortuna SAS, Malabar's Colombian operating subsidiary, and the third party. In order for the Company to exercise its working right and access to the property provided, Malabar has transferred control of Sociedad Minera La Fortuna SAS ("La Fortuna") to the Company for the term of the option. Leases of the surface rights are already held by La Fortuna and agreements are in place setting out environmental and social protocols and guidelines to be followed while conducting operations on the property. QA/QC: Rock samples are shipped by transport truck in sealed woven plastic bags to SGS sample preparation facility in Medellin, Colombia for sample preparation and from there by air to SGS facility in Lima (Peru) for analysis. SGS operate according to the guidelines set out in ISO/IEC Guide 25. Gold is determined by fire-assay fusion of a 50 g sub-sample with atomic absorption spectroscopy (AAS). Samples that return values >10 ppm gold from fire assay and AAS are determined by using fire assay and a gravimetric finish. Silver is analyzed by inductively-coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. Silver is determined by ore grade assay for samples that return >100 ppm. Annuncio • Feb 27
Baroyeca Gold & Silver Inc. Reports High-Grade Silver and Gold Results from Rock Grab Samples from New Veins Discovered At Its Atocha Project Baroyeca Gold & Silver Inc. to report results from its first surface rock sampling conducted on its recently acquired Atocha Project (previously referred to as the Falan Property) comprising 2,585 hectares located in the Mariquita-Santa-Ana-Frias colonial silver district in the Tolima Department (Colombia), historically the richest primary silver district in Colombia. The company announced on February 5, 2021 that it had closed its agreement with Malabar Gold Corp. ("Malabar") whereby Malabar granted the company an option to acquire a 100% interest in the Atocha property (formerly referred to as the Falan Property). The agreement with Malabar granted the company access to, and a working right over, the property. At closing, title to the property was still registered in the name of a third party, however, documents transferring title to Malabar had been filed in the appropriate registry, recording of which will occur in the usual course. To assure access and the working right are effective during the time until the registration of title is completed, the company has negotiated agreements with the registered party providing for full access to the property and complete control over proposed exploration to be undertaken on the property. To assist the company in carrying out work programs on the Atocha Project, Malabar has agreed to transfer control of its operating subsidiary, Minera La Fortuna SAS, to the Company. The current preliminary geological work being conducted by the company does not require permitting from the regulators in Colombia and the company has informal agreements with the land owners to access and conduct this work due to the small amount of land disturbance involved. Additionally, there is an agreement in place for the general area setting out environmental and social protocols and guidelines to be adhered to when conducting work programs. This high-grade silver-gold vein field was discovered through rock sampling over a 5,000m x 4,000m area, located on trend and south of the historic Santa Ana and El Cristo colonial silver mining district, and immediately east of the Frias colonial silver mine. The 2020 exploration field program expanded a cluster of high-grade silver-gold veins identified by previous operator Condor Precious Metals Inc. ("Condor") in the northwestern corner of the property from 2012 to 2018 . Baroyeca performed a first round of due diligence and reconnaissance in late 2020 resampling two of the zones previously sampled by Condor (11 samples) and identified two new vein zones named Perrika-Cucharo, and El Erizo from which they collected 15 samples. The two rock chip samples from Veta Perrika returned 5.70 g/t Au and 696 g/t Ag and 6.91 g/t Au and 510 g/t Ag respectively. Of the five samples from the El Cucharo vein, three returned higher gold values than Veta Perrika, 17.59 g/t, 15.01 g/t and 10.89 g/t Au together with significant silver values of 168.7 g/t, 187.2 g/t and 217.6 g/t Ag respectively. Rock sampling at El Erizo vein (7 samples) returned silver values all 109.9 g/t or higher with the top three samples reporting 951 g/t, 839 g/t, and 691 g/t Ag. Gold values were lower in this zone ranging from 0.36 g/t to 2.22 g/t. The reader is cautioned that these results set out above are from the analysis of grab rock samples which by their nature are selective and not necessarily representative of mineralization hosted on the property. Annuncio • Dec 16
Baroyeca Gold & Silver Inc. announced that it expects to receive CAD 0.1012 million in funding Baroyeca Gold & Silver Inc. (TSXV:BGS) announced a non-brokered private placement of up to 4,600,000 units at a price of CAD 0.022 for gross proceeds of CAD 1,012,000 on December 14, 2020. Each unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitling the holder to acquire one additional common share of the company at a price of CAD 0.30 per share for a period of two years. The transaction is subject to acceptance for filing by the TSX Venture Exchange. The company may pay fees in cash and/or securities in connection with this financing. Annuncio • Nov 20
Baroyeca Gold & Silver Inc., Annual General Meeting, Dec 30, 2020 Baroyeca Gold & Silver Inc., Annual General Meeting, Dec 30, 2020. Is New 90 Day High Low • Oct 15
New 90-day high: CA$0.22 The company is up 175% from its price of CA$0.08 on 16 July 2020. The Canadian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. Annuncio • Sep 18
Baroyeca Gold & Silver Inc. announced that it expects to receive CAD 0.2475 million in funding Baroyeca Gold & Silver Inc. (TSXV:BGS) announced a non-brokered private placement of up to 3,000,000 units at a price of CAD 0.0825 for gross proceeds of CAD 247,500 on June 26, 2020. Each unit consists of one common share and common share purchase warrant. Each warrant entitling the holder to acquire one additional common share of the company at a price of CAD 0.165 per share for a period of two years. The transaction is subject to acceptance for filing by the TSX Venture Exchange. Annuncio • Aug 16
Baroyeca Gold & Silver Inc. announced that it has received CAD 0.1 million in funding On August 13, 2020, Baroyeca Gold & Silver Inc. (TSXV:BGS) closed the transaction. The shares issued pursuant to the private placement bear a legend restricting them from trading until December 14, 2020.