Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director David Hutton was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 14
First Andes Silver Ltd. announced that it has received CAD 2.005 million in funding On February 13, 2026, the First Andes Silver Ltd closed the transaction. In connection with the offering, the company paid finders' a fee in cash totaling CAD 120,790 and issued total of 1,001,583 share purchase warrants. Ian Stalker, the company's executive chairman and a director of the company, subscribed for 1,041,667 common shares, contributing CAD 125,000 to the offering. Tillkännagivande • Jan 22
First Andes Silver Ltd. announced that it expects to receive CAD 2 million in funding First Andes Silver Ltd. announced a private placement of up to 16,666,667 common shares at a price of CAD 0.12 per common share for aggregate gross proceeds of up to CAD 2,000,000.04 on January 21, 2026. The company may pay finders a fee in cash and share purchase warrants as permitted under the rules of the TSX Venture Exchange. Each finder’s warrant will be exercisable at a price of CAD 0.12 per share for a period of two years from the date of issue. Closing is subject to the acceptance of the TSX Venture Exchange. Tillkännagivande • Jan 20
First Andes Silver Ltd. Identifies Multi-Kilomet Alteration Cell (1.3 X 2 Km) from Worldview-3 Data, Santas Gloria Project, Peru First Andes Silver Ltd. reported the identification of a kilometer-scale zoned alteration cell at its 100%-owned Santas Gloria Project ("Santas Gloria" or the "Project") in Peru, following interpretation of the new WorldView-3 ("WV-3") short-wavelength infrared ("SWIR") spectral alteration mineral mapping data ("WV-3 SWIR"). The alteration assemblage, zonation, and structural control are consistent with a well-developed intermediate-sulphidation epithermal ("ISE") system. WV-3 SWIR data has defined a 1.3 km x 2 km zoned alteration cell, coincident with several mapped but fully undrilled vein systems which collectively total >5 km of strike length; Alteration cell is strongly zoned and exhibits a mineral assemblage consistent with the expected architecture of a well-developed intermediate-Sulphidation epithermal system: Sericite-dominant inner core with localized argillic overprint (kaolinite); Hematite-rich iron-oxide zones nested within the sericite-dominant core, interpreted as oxidation of sulphide-bearing structures along principal fluid pathways; Broad, lower-temperature clay halo (montmorillonite) that expands away from the core; Distal chlorite-epidote +- calcite alteration interpreted as propylitic wall-rock alteration. The alteration footprint is structurally controlled, forming an elongate corridor with clustered alteration pods, consistent with fault/fracture-focused fluid flow typical of ISE vein systems; WV-3 SWIR mineral mapping provides a new, high-resolution targeting layer to prioritize follow-up work by focusing on core-domain areas with coincident sericite +- kaolinite and hematitic zones; Results support immediate follow-up fieldwork to ground-truth alteration boundaries, refine structural interpretation, and conduct systematic sampling across core-to-halo transitions; Phase 2 soil sampling over the southern half of the Project (incl. alteration cell) is to commence in March (1,430 samples), and assays from Phase 1 (1,037 soils) are anticipated in 2-3 weeks. Tillkännagivande • Jul 31
First Andes Silver Ltd. announced that it has received CAD 1.317 million in funding On July 29, 2025, First Andes Silver Ltd closed the transaction. The company issued 3,000,000 units at an issue price of CAD 0.10 for gross proceeds of CAD 300,000 in its third and final tranche. Under the entire Offering, the Company issued 13,170,000 Units for gross proceeds of CAD 1,317,000. Under the final tranche, the Company paid a finder’s fee of CAD 5,600 and issued 56,000 share purchase warrants with each finder’s warrant exercisable at a price of CAD 0.10 per share for a period of two (2) years from the date of issue. Tillkännagivande • Jul 25
First Andes Silver Ltd., Annual General Meeting, Sep 26, 2025 First Andes Silver Ltd., Annual General Meeting, Sep 26, 2025. Location: british columbia, vancouver Canada Tillkännagivande • Jul 03
First Andes Silver Ltd. Successfully Intersects San Jorge Vein in First Diamond Drill Hole Completed to Target Depth At Santas Gloria Project, Peru First Andes Silver Ltd. announced field logging and interpretation results from the first diamond drill hole completed to target depth, SG017, as part of its ongoing 2,000-meter ("m") drill program at the Company's 100%-owned Santas Gloria Project ("Santas Gloria" or the "Project"), located approximately 55 kilometres east of Lima, Peru. Drill hole SG017 at the San Jorge Vein ("San Jorge") intercepted a broad zone of sulphide-mineralized hydrothermal breccia from 136.60 to 194.20 m (57.60 m drilled width), characterized by strong silicification, argillic alteration and local sericitic alteration. Sulphide mineralization is present throughout the interval, with pyrite as the dominant mineral, reaching concentrations of up to 20%, accompanied by local galena, sphalerite, barite and tetrahedrite. Sulphidic mineralization intensifies from 162.00 m, with significant occurrences of galena and sphalerite, along with barite and tetrahedite crystals associated with quartz veins. The most intense brecciation occurs from 147.00 to 179.80 m, where the breccia features a strongly argillic altered matrix, silicified clasts, and mineralized veins with pyrite, galena, and sphalerite. A semi-massive interval of galena mineralization up to approximately 15 centimeters ("cm") in width was intercepted at 179.90 m which included up to 20% pyrite and barite, as well as locally euhedral sphalerite crystals. Field observations and logging from SG017 confirm the presence of a robust, polymetallic-mineralized intermediate sulphidation hydrothermal system at depth, which remains open in all directions. The program's first hole, SG016, did not reach target depth after intercepting a void at 77.00 m, with alteration and mineralization commencing at 74.70 m, suggesting the onset of the epithermal zone - four samples totaling 2.60 m were submitted for assay. The void was likely the result of small scale artisanal miners stoping a near-surface mineralized vein. A total of 50 HQ-diameter core samples (half-core) totaling 43.00 m were collected and submitted from drill hole SG017 to Alfred H. Knight Group ("AHK Group") laboratory in Lima, Peru for assay, with initial results expected in 3 to 4 weeks. Drill Hole SG017. Drill hole SG017, completed at the San Jorge Vein target within the Santas Gloria Project, intersected a substantial zone of sulphide-bearing hydrothermal breccia between 136.60 and 194.20 m downhole. This mineralized interval is characterized by intense hydrothermal alteration, including pervasive silicification and argillic overprinting, with localized zones of sericitic alteration, indicative of a high-temperature fluid regime and fully-intact intermediate sulphidation epithermal system. Tillkännagivande • Jun 20
First Andes Silver Announces Commencement of 2000-Meter Diamond Drilling Program at the Santas Gloria Project, Peru FIRST ANDES SILVER Ltd. announced that Drilling has commenced at the San Jorge Vein ("San Jorge"), targeting higher-grade sulphide zones at depth, down-dip from the near-surface drilling discovery returned in 2024; A total of 11 holes are planned totaling approximately 2015 m from four drill pads, with an average hole depth of 183 m; San Jorge will be tested over roughly 400 m of strike length, down to a target depth of 230 m vertical; The 2000-m program is expected to take approximately five weeks to complete, with the first batch of assay results expected in four to five weeks; Silver prices are continuing to surge amid tight global supply and soaring industrial demand, making high-grade projects like Santas Gloria prime targets for investment and development interest. The ongoing drill program builds on the strong results of Santas Gloria's inaugural 2024 campaign, which delivered multiple high-grade silver intercepts across several mineralized vein systems. Notably, hole SG003 targeted the sulphide zone at San Jorge and returned 7.43 metres grading 224 g/t AgEq (193 g/t Ag, 0.34% Pb, 0.3% Zn, 0.05 g/t Au) from 86.7 metres, including a higher-grade interval of 0.95 metres at 754 g/t AgEQC (701 g/t Ag, 1.07% Pb, 0.62% Zn, 0.08 g/t Au) starting at 88.65 metres. The 2025 drill program is designed to follow up on these encouraging results by testing strike and depth extensions of the high-grade San Jorge Vein, where mineralization remains open in all directions. Further details on the 2025 drill program can be found in the Company's news releases dated May 23, 2025, and June 9, 2025. Tillkännagivande • Mar 04
First Andes Silver Ltd. announced that it has received CAD 1.065 million in funding On March 3, 2025, First Andes Silver Ltd. closed the transaction. The company announced that it has issued 21,300,000 common shares at a price of CAD 0.05 per share for gross proceeds of CAD 1,065,000. The securities issued under the Offering will be subject to restrictions on resale for a period of four months from the date of issue. The Company paid finders a cash fee of $38,500 and issued 770,000 nontransferable warrants exercisable at CAD 0.05 per share for a period of two years from the date of issue. Ian Stalker subscribed for 2,000,000 Shares, contributing CAD 100,000 to the Offering. The transaction is oversubscribed. Tillkännagivande • Feb 12
First Andes Silver Ltd. Appoints Ian Stalker as Executive Chairman and Director First Andes Silver Ltd. announced that seasoned mining executive Ian Stalker has been appointed as Executive Chairman and a director of the Company. Ian Stalker is a senior international mining executive with over 50 years of hands-on experience in resource development and has raised over $1 billion from the capital markets over his career. Mr. Stalker has directed over twelve major mining projects, from initial exploration drilling to start-up, including gold, base metals, uranium and industrial minerals. Mr. Stalker was founder and former Chief Executive Officer of K92 Mining Inc. until 2023. Mr. Stalker was also President and Chief Executive Officer of LSC Lithium Corp., a TSX Venture Exchange quoted company, which was sold to Pluspetrol Resources Corporation B.V. for approximately CAD 111 million in March 2019. Ian was also CEO and Chairman of PLU (TSXV) a Peru based Lithium and Uranium development company. Before that, Ian was CEO of UraMin Inc. from 2005 until its acquisition by Areva S.A. in 2007 for USD 2.5 billion. Prior to joining UraMin, he was Vice President of Gold Fields Ltd. Mr. Stalker is currently an advisor to Tolu Minerals. Mr. Hutton has over 37 years of resource company and capital markets experience. He was the President and CEO of Canada Dominion Resources Group and President and COO of CMP Resources Group. Mr. Hutton has served on multiple public boards and held several C-level executive positions. He holds a Bachelor of Science degree from the University of British Columbia and an MBA from City University. Tillkännagivande • Feb 11
First Andes Silver Ltd. announced that it expects to receive CAD 1 million in funding First Andes Silver Ltd. announced a non-brokered private placement financing of up to 20,000,000 common shares at a price of CAD 0.05 per share for gross proceeds of CAD 1,000,000 on February 10, 2025. The securities issued under the offering will be subject to restrictions on resale for a period of four months from the date of issue. The company may pay finders a fee in cash and/or share purchase warrants to registered finders. Tillkännagivande • Nov 07
First Andes Silver Ltd. announced that it expects to receive CAD 1 million in funding FIRST ANDES SILVER LTD announced a non-brokered private placement financing of up to 12,500,000 common shares at an issue price of CAD 0.08 per Share for gross proceeds of CAD 1,000,000 on November 6, 2024. The securities issued under the Offering will be subject to restrictions on resale for a period of four months from the date of issue. The Company may pay finders a fee in cash and/or share purchase warrants to registered finders. Tillkännagivande • Oct 19
First Andes Silver Ltd. Completes Initial Diamond Drill Program At Santas Gloria Silver Property First Andes Silver Ltd. announced that it has completed its maiden diamond drill program at the Santas Gloria silver property, located in Peru. Highlights: 12 diamond drill holes completed for a total of 1175.3 meters at the Tembladera, San Jorge, Paquita and Maribel vein systems. Drilling successfully intercepted silver bearing intermediate sulphidation epithermal veins. Assays pending for all diamond drill holes. The drill program focused on strike and depth extensions of high-grade silver-base metal mineralized segments of the San Jorge, Tembladera, Paquita and Maribel veins, which were previously defined by channel sampling of surface veins and underground workings. At the San Jorge vein system, a total of seven diamond drill holes were completed for a total of 733.5 meters. Drilling tested the down dip extensions of a high-grade zone that previously returned surface channel samples assays of between 93 to 2500 g/t Ag over 450 m strike length. In addition, First Andes targeted a high-grade mineralized shoot beneath historical underground mine workings which returned underground channel samples grades of up to 3210 g/t Ag. The Tembladera vein system was drilled for a total of two diamond drill holes totaling 211.4 meters. Drilling at Tembladera tested the strike extensions of the Tembladera vein with one drillhole, where underground channel sampling by the Company that returned grades of >10,000 g/t Ag, >20% Pb and up to 9.1% Zn. One hole was also drilled to test the near surface down dip extensions of high-grade silver mineralization which has been defined in surface channel samples along the Tembladera 1 vein. Three holes for a total of 230.4 meters were drilled across the Maribel and Paquita veins in the north of the property. To test the near-surface down dip extensions of high-grade silver-gold mineralized intermediate sulphidation epithermal veins, which measure up to five meters wide at surface and returned assay values from surface channel samples up to 582 g/t Ag and 8.57 g/t Au. Several kilometers of intermediate sulphidation epithermal vein strike with high grade surface channel sample assays remain to be drill tested. Samples are presently being assayed at ALS in Lima Peru. All assays are pending. Drilling by MDH had excellent core recovery and overall quality. Assay results will assist First Andes in designing the next phase of drilling, which will seek to further define the potential depth and extension of the epithermal vein system at Santas Gloria. New Risk • Jul 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$583k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$583k free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (362% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€3.10m market cap, or US$3.36m). Tillkännagivande • May 10
First Andes Silver Ltd. Signs Drill Contract for Santas Glorias Silver Property First Andes Silver Ltd. announced that it has entered into a drill contract for its maiden drill program at the high-grade Santas Gloria silver property. Highlights: An initial 1,500m diamond drill program to commence in the upcoming weeks. Drilling to target Tembladera and San Jorge vein systems with previous high-grade results: Tembladera underground channel assays of >10,000 g/t Ag, >20% Pb and up to 9.1% Zn. San Jorge surface channel assays of between 93 to 2500 g/t Ag, and underground channel assays of up to 3210 g/t Ag. Fully funded drill program from recent private placement. Drilling will initially target the strike and depth extensions of high-grade silver-base metal mineralized segments of the Tembladera and San Jorge veins, which have been defined by channel sampling of surface veins and underground workings (Figure 1). San Jorge is a multiphase silver-rich intermediate sulphidation epithermal vein system, that is up to 6 meters wide at the surface and has been mapped over 2 strike kilometers. Drilling will test the down dip extensions of a high-grade zone that returned surface channel samples assays of between 93 to 2,500 g/t Ag over 450 m strike length. The Company also plans to target a high-grade mineralized shoot beneath historical underground mine workings which returned underground channel samples grades of up to 3,210 g/t Ag. The Tembladera vein system is a complex of silver-rich intermediate vein splays and breccia's in the south of the Santas Gloria silver property, with a cumulative vein strike length of over 4 kilometers. Drilling at Tembladera will test the downdip and strike extensions of the vein where underground channel sampling by the Company that returned grades of >10,000 g/t Ag, >20% Pb and up to 9.1% Zn. Additional drilling will also focus on the near surface down dip extensions of high-grade silver mineralization which has been defined in surface channel samples over a strike length of 400 meters along the Tembladera 1 and Tembladera 2 veins. Tillkännagivande • Apr 28
First Andes Silver Ltd., Annual General Meeting, Jun 27, 2024 First Andes Silver Ltd., Annual General Meeting, Jun 27, 2024. New Risk • Apr 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 375% This is considered a major 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 (76% average weekly change). Shareholders have been substantially diluted in the past year (375% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.73m market cap, or US$5.13m). Tillkännagivande • Apr 04
Mantaro Precious Metals Corp. announced that it has received CAD 1.3 million in funding On April 3, 2024, Mantaro Precious Metals Corp. closed the transaction. The shares issued under the Offering will be subject to restrictions on resale for a period of four months and a day pursuant to applicable securities law. The company paid finders’ fees in cash totaling CAD 31,150 and issued a total of 623,000 non-transferrable warrants to eligible finders, with each finder’s warrant exercisable at CAD 0.05 per share and expiring two years from closing. Insiders subscribed for a total of 885,722 shares. Tillkännagivande • Mar 01
Mantaro Precious Metals Corp. Appoints Greig Hutton as New Director Mantaro Precious Metals Corp. announced that it has appointed Greig Hutton as a director of the company. Mr. Hutton, a PEng for over 40 years, has been involved with mineral exploration for over 15 year and has served as director or president with several junior mining companies. Mr. Hutton has a B Sc degree (1976) from Waterloo University and an MSc (geology) from the University of Western Ontario (2016). Tillkännagivande • Feb 02
Mantaro Precious Metals Corp. announced that it expects to receive CAD 0.6 million in funding Mantaro Precious Metals Corp. announced a non-brokered private placement of up to 12,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 600,000 on February 1, 2024. Each Unit will consist of one common share and one common share purchase warrant with each Warrant entitling the holder to purchase one additional Share for a period of one year from the date of issuance at an exercise price of CAD 0.075 per Share. The securities issued under the Offering will be subject to restrictions on resale for a period of four months from the date of issue. The Company may pay finders a fee in cash and/or share purchase warrants. Tillkännagivande • Dec 16
Mantaro Precious Metals Corp. Extends the Time to Complete its Exploration Commitment on the Santas Gloria Silver Property from December 31, 2023 and November 2024 Mantaro Precious Metals Corp. announced that it has extended the deadline to complete its exploration commitment on the Santas Gloria Silver property from December 31, 2023 and November 2024. In consideration of the extension, the Company paid the property vendors a one-time fee of USD 30,000. Tillkännagivande • Jul 27
Mantaro Precious Metals Corp. Commences Follow-Up Tailings Sampling At Golden Hill Mantaro Precious Metals Corp. announced the commencement of follow-up tailings sampling at the Golden Hill property ("Golden Hill"). This program aims to quantify the gold content within the tailings, with the ultimate goal of evaluating the potential for re-processing via heap leaching and increasing the resource base at Golden Hill. Highlights: Follow up sampling survey to provide base for resource estimation of approximately 600,000 tons of historical tailings. Builds on preliminary sampling which returned average grades of 1.33 g/t Au with 96% of gold recoverable via cyanide leaching. Mantaro has begun a comprehensive follow-up tailings sampling campaign to categorically determine the gold content within the estimated 600,000 tons of historical Tailings at Golden Hill. This study will build upon the previous preliminary tailings sampling program completed in 2021, which consisted of 16 samples and yielded an average gold grade of 1.33 g/T Au with 96% of the gold recoverable via cyanide Leaching. The new study aims to provide a more accurate representation of the quantity of gold contained within the tailings, further assess reprocessing options, and potentially expand on the company's maiden resource. The results obtained from this tailings sampling campaign will form a quantitative dataset from which NI-43-101 compliant resource estimates can be calculated - which will in turn feed into a Preliminary Economic Study on Golden Hill. To ensure the accuracy and reliability of the sampling program, Mantaro has enlisted experienced geologists who will oversee the project and ensure NI-43-101 compliant best practice protocol and quality assurance and quality control (QAQC) procedures are followed. The geologists will systematically collect and analyze samples from predetermined random grid-spaced locations at various depths within the tailings. This approach guarantees a representative assessment of the gold content within the tailing. Tillkännagivande • Jul 15
Mantaro Precious Metals Corp. Announces Mineral Resource Estimate for its Golden Hill Property, Bolivia Mantaro Precious Metals Corp. announced a Mineral Resource Estimate for its Golden Hill Property, Bolivia. The Mineral Resource Estimate was prepared by P&E Mining Consultants Inc. on behalf of the Company. Maiden Mineral Resource Estimate: Gold mineralization at Golden Hill is of an orogenic or greenstone-hosted style. This style of mineralization has been a major source of the world's gold production over the last 100+ years as illustrated by prolific production from such deposits in the Abitibi of Canada, the West Africa Shield and Western Australia. A common theme links orogenic deposits: multiple large deposits form along crustal-scale to regionally extensive gold mineralized structures. Individual deposits typically comprise multiple high-grade shoots within a lower grade gold mineralized envelope, that extend over several kilometres of strike to depths that often exceed +1000 metres. Mantaro completed 3,010 m of angled diamond drilling, of which 14 drill holes totaling 2,405 m focused on the near surface depth extension of mineralization in La Escarcha open pit to depths of generally less than 90 vertical metres. The maiden Mineral Resource Estimate is hosted within several closely-spaced, sub- vertical to vertical, gold-mineralized shear zones with true widths of up to 13 m. Mineralization at La Escarcha is open in all directions and Mantaro has a number of high reward relatively shallow step-back and step-out drill holes around the Mineral Resource Estimate. The deep potential at La Escarcha is also highly prospective, there are multiple quartz vein targets hosted along the main controlling structure that are yet to be drill tested, and an additional 6 kilometres of the regional structure shedding alluvial gold that is yet to be mapped and sampled. Golden Hill: Key Benchmarks: The Golden Hill property is a fully permitted 5,976 hectare mining concession. Gold mineralization is of an orogenic or greenstone-hosted type, controlled by a regional structure that hosts at least six other gold deposits along a 25 km strike length, which have all been mined by open pit to shallow levels. Since the Company's option of Golden Hill in August 2021, it has acquired remote sensing data as a foundation for geological and structural mapping, completed a focused geochemical sampling program for input into drill targeting, collected a 10 tonne underground bulk sample for metallurgical testing, and completed a detailed petrographic study to assist with deposit modelling, drill targeting and input to process metallurgy. As the initial step, the Company took a 10 tonne bulk sample from the -45 m level of the C3 vein at La Escarcha providing a 170 kg sub-sample which was sent to SGS Lakefield (Canada) for metallurgical testwork. Testwork confirmed a head grade of 5.53 g/t gold by 50 g fire assay and 5.96 g/t gold by cyanide leach bottle roll, and demonstrated that unoptimized recoveries of 73.6 % gold are achievable by gravity separation and 94 % gold by cyanidation. These results provided insight into gold grade and distribution at La Escarcha ahead of the maiden diamond drill program. See news release dated December 2, 2021 for complete results from of the metallurgical testwork. In 2022, the Company completed the next phase of its targeted approach with a maiden 21 hole diamond drill program totaling 3,010 m at Golden Hill, of which 14 drill holes totaling 2,405m were drilled at La Escarcha. Results from the maiden program at La Escarcha included: 3.57 g/t gold over 14.00 m (including 4.91 g/t gold over 8.80 m) from 105.0 m in GH0005. 8.27 g/t gold over 3.40 m (including 11.82 g/t gold over 2.02 m) from 67.60 m in GH0005. 7.57 g/t gold over 5.00 m (including 10.16 g/t gold over 3.66 m) from 87.00 m in GH0005. 2.70 g/t gold over 15.02 m (including 8.47 g/t gold over 3.10 m) from 64.53 m in GH0008. 6.46 g/t gold over 4.0 m (including 12.73 g/t gold over 2.00 m) from 76.00 m in GH0006. The maiden drill program demonstrated the presence of high-grade gold mineralized shoots within broader gold mineralized halos which define gold mineralized shear zones -- typical of peer group deposits worldwide. As a final step in the Company's initial exploration plan, a detailed petrographic study was carried out on the drill core. The petrographic study noted the absence of near-surface supergene enrichment and confirmed the gold grades are primary or hypogene. Exploration Potential and Upcoming Programs at Golden Hill: Mantaro allocated 14 drill holes of the 21 hole 3,010 m maiden diamond drill program to test a small panel beneath the La Escarcha open pit. Drill holes were completed in a series of fences over a strike length of only 400 m to vertical depths of generally less than 90 m. Mineralization is open in all directions at La Escarcha and the Maiden Mineral Resource Estimate is proof of concept. In addition there are multiple high reward targets beneath surface quartz veins and a larger untested regional trend. Specifically: High reward step-back and step-out drilling around the maiden resource at La Escarcha is a priority. Mantaro is presently designing a 5,000 m Phase 2 angled diamond drill program to test the along strike extension and deeper extension of mineralization to depths of approximately 300 m vertical. The depth potential below 300 m is extremely robust and will be the focus of subsequent drill programs. Five scout diamond drill holes were completed at Gabby (for 473 m). Gabby is located approximately 500 m to the south of La Escarcha and is characterized by a number of gold-bearing quartz veins in outcrop. The veins extend a further two kilometres to the brownfield target where one drill hole was completed. There are over two kilometres of auriferous quartz veins approximately 500 m to the west of La Escarcha and Gabby which have only been tested by a single shallow drill hole. The exploration potential of Gabby, Brownfields and Westfield is extremely robust and warrants significant further drilling. In addition to the known prospects, there are over 6 km of unmapped regional structures that have shed alluvial gold into drainages either side. Significantly, the main controlling structure runs northwards from La Escarcha, before hosting the Puqui Norte deposit one km to the north of the concession boundary. The exploration potential of this structure is robust and will be the near-term focus of mapping and sampling by Mantaro. Since Golden Hill is a permitted mining concession, the Company is able to commence these activities without the need of further permits. New Risk • Jul 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$4.3m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€1.96m market cap, or US$2.18m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Tillkännagivande • Jun 15
Mantaro Precious Metals Corp. (TSXV:MNTR) completed the acquisition of Minera Meranti Ltda from Jacob Garland. Mantaro Precious Metals Corp. (TSXV:MNTR) entered into a definitive agreement to acquire Minera Meranti Ltda from Jacob Garland for CAD 0.1 million on May 2, 2023. In consideration of Merenti, the Company has agreed to issue 2,000,000 common shares at a price of CAD 0.05 per share for a deemed value of CAD 100,000. The transaction is subject to the acceptance of the TSX Venture Exchange.
Mantaro Precious Metals Corp. (TSXV:MNTR) completed the acquisition of Minera Meranti Ltda from Jacob Garland on June 13, 2023. Tillkännagivande • Jun 09
Mantaro Precious Metals Corp. Provides an Update as to the Status of the Maiden Resource Estimate At the Company's Golden Hill Property, Bolivia Mantaro Precious Metals Corp. provided an update as to the status of the maiden resource estimate at the Company's Golden Hill Property, Bolivia. Recently, the Company's independent qualified person, Mr. Juan Manuel Morales-Ram Ramirez (BSc, MSc, P.Geo), completed the necessary site visit and data verification necessary to complete the independent technical report on the Golden Hill Property. Accordingly, the Company is targeting the mineral resource estimate to be completed this month of June 2023. Mr. Morales-Ram Ramirez is a highly seasoned independent geologist with over 40 years of experience in most commodities and deposit types throughout North, Central and South America. Mr. Morales- Ram Ramirez has experience with gold mineralized bulk and vein-style gold systems from grass roots exploration through resource definition to prefeasibility study. The independent technical report will be co-authored by P&E Mining Consultants Inc. ("P&E") who will be responsible for the mineral resource estimation. P&E has successfully completed over 350 geological and mine engineering consulting reports, mineral resource estimate technical reports, preliminary economic assessments, and pre-feasibility studies. The mineral resource estimate will be centered on La Escarcha prospect, which is one of four vein swarms hosted along a regional shear structure that were historically mined for gold. Of the 3009 m maiden program completed by the Company, 14 holes totaling 2405 m were drilled at La Escarcha, with the remainder drilled as scout reconnaissance holes at other prospects. Drilling at La Escarcha focused on a strike length of only 400 m to a vertical depth of generally <100 m. In addition to the mapped vein swarms, there are an additional 6+ km of untested regional structures that are shedding alluvial gold in many places. The Company completed a maiden 21 hole diamond drill program totaling 3009 m at the Golden Hill Property in 2022. Results from the maiden program at La Escarcha included: 3.57 g/t gold over 14.00 m (including 4.91 g/t gold over 8.80 m) from 105.0 m in GH0005. 8.27 g/t gold over 3.40 m (including 11.82 g/t gold over 2.02 m) from 67.60 m in GH0005. 7.57 g/t gold over 5.00 m (including 10.16 g/t gold over 3.66 m) from 87.00 m in GH0005. 2.70 g/t gold over 15.02 m (including 8.47 g/t gold over 3.10 m) from 64.53 m in GH0008. 6.46 g/t gold over 4.0 m (including 12.73 g/t gold over 2.00 m) from 76.00 m in GH0006. Tillkännagivande • Jun 02
Mantaro Precious Metals Corp. Completes Drill Pad Construction At Santas Gloria Ahead of Maiden Drill Program Mantaro Precious Metals Corp. announced the completion of drill pad construction at the Santas Gloria Project ahead of its planned maiden 2500 meter drill program. Drilling will initially target the strike and depth extensions of high-grade gold-silver-base metal mineralised segments of the Tembledara, San Jorge, Paquita and Maribel veins, which have been defined by channel sampling of surface veins and underground workings. The majority of pads are located at 40-meter step backs from the veins in order to target near-surface depth extensions beneath areas of highest surface silver and gold geochemistry . One pad is positioned at an 80 meter step-back to enable drill testing beneath high-grade shoots identified by UG channel sampling at San Jorge mine. Four drill pads were built at San Jorge. San Jorge is a multiphase silver-rich intermediate sulphidation epithermal vein system, that is up to 6 meters wide at the surface and has been mapped over 2 strike kilometres. Three pads are 40-meter step backs to test the down dip extensions of a high-grade zone that returned surface channel samples assays of between 93 to 2500 g/t Ag over 450 m strike length. One pad is an 80-meter step back to the vein and will target a high-grade ore shoot beneath historical underground mine workings which returned underground channel samples grades of up to 3210 g/t Ag. One drill pad has been built at Tembledara to test the downdip and strike extensions of the vein where underground channel sampling by Mantaro returned grades of >10,000 g/t Ag, >20% Pb and up to 9.1% Zn. Two additional drill pads will test the near surface down dip extensions of high-grade silver mineralization which has been defined in surface channel samples over a strike length of 400 meters along the Tembladera 1 and Tembladera 2 veins. The Tembladera vein system is a complex of silver-rich intermediate vein splays and breccia's in the south of the Santas Gloria Property, with a cumulative vein strike length of over 4 kilometers. In the north of the project area, three pads are planned to target the down-dip extensions of the high-grade, gold-silver mineralized Paquita and Maribel veins. Paquita and Maribel are multiphase-brecciated, intermediate sulphidation epithermal veins — highly oxidized and leached at surface. The veins have been mapped over 2 strike kilometers, are up to 5 meters wide, multiphase and returned grades up to 585 g/t Ag and 8.57 g/t Au from surface channel samples taken by Mantaro. Paquita and Maribel have never been formally mined or drill tested. The pads are 40-meter step backs from the veins designed to test the near surface depth extension of high grade mineralization. The Santas Glorias property is approximately 100 km from Lima, is at a relatively low altitude of 3300 m, and benefits from a community access agreement that is valid until 2028. The Company was awarded three archaeology certificates (CIRA) that cover key drill targets and confirm that there are no archaeological impediments to drilling. The Company's environmental application (Ficha Tecnica Ambiental) and water permits have been accepted and an authorization for drilling (AIA) up to 20 pads. The Company elected to initially construct only 10 of the possible 20 pads allowing for optionality of pad location for a second round of drilling. While the Company has planned an initial 15-20 hole (2500 m) program from the first 10 drill pads, it is possible to drill "fans" of multiple holes from each, such that additional meters could be drilled without construction of additional pads. In this manner, the Company could drill between 40 to 50 holes from the first 10 pads, and a similar number from the next 10 pads. The Company is well placed to drill extensively drill test the highest grade parts of each vein. Tillkännagivande • Jan 13
Mantaro Precious Metals Corp. Announces Complete Results from 2022 Drilling At Golden Hill Gold Property, Bolivia MANTARO PRECIOUS METALS CORP. reported complete results from the 21 diamond core holes drilled by the Company in 2022 at the Golden Hill property in Bolivia (‘Golden Hill’). Additional drilling is required to determine true widths as all holes intercepted veins at an oblique angle. The assays are not capped. Broad gold mineralization was intercepted across the 'GC' structure in the northern most and southern most holes at the Gabby prospect (holes GH0018 and GH0019 respectively). Holes GH0015, GH0016 and GH0017 were drilled to test the down dip extensions of quartz shear zones mapped at surface across the central Gabby area. These structures were intercepted at depth in all holes, however gold grades were of low tenor with no significant gold values intercepted. The Company has taken thin section samples of these barren quartz shear zones to better understand the gold deportment within the Gabby system, which will assist in guiding future drilling. About the Golden Hill Property: Golden Hill is centered on a broadly north-south trending regional structure that hosts the La Escarcha underground mine and the Gabby, Garrapatillia and Brownfields workings and gold-bearing vein occurrences in its western hanging wall. The same structure hosts numerous saprolite gold and hard rock gold deposits to the north and south of Golden Hill over a strike length of at least 25 kilometers - underpinning the significant control the structure exerts on gold mineralization. A northwest-trending splay of this structure hosts areas of alluvial and saprolitic/hard rock workings within Golden Hill and immediately to the north. At least six strike kilometers of these structures are known within Golden Hill in addition to the four kilometers between La Escarcha and Brownfields which have been mapped in detail. Known mineralization and surface anomalism is open along strike on all structures. Mineralization between La Escarcha and Brownfields is characterized by a series of broadly parallel, north-south trending, very steeply dipping quartz veins that are between 1 to 5 meters wide. Mineralization is hosted in mafic metavolcanics, at the contact of metavolcanics and metasediments, and within metasediments. Veins are well exposed in underground workings at La Escarcha where they comprise multiphase white quartz and slivers of wall rock which are fracture oxidized. Veins are up to 5 meters wide and contain significant visible gold. Most gold appears to be free hosted in fractures within quartz and pyrite. Board Change • Dec 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Non-Executive Director Luis Kinn Cortez was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Non-Executive Director Luis Kinn Cortez was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. CEO & Director Craig Hairfield was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 10
Mantaro Precious Metals Corp. Extends Mineralized Vein Structure over Two Kilometers at Golden Hill Property Mantaro Precious Metals Corp. announced that it has completed reconnaissance mapping and sampling at the Golden Hill Property and has identified over two kilometers strike of additional vein structures. Field work at Golden Hill was designed to identify, define, and test the gold grade of vein extensions and previously unsampled veins on the property. The sampling focused on the known prospects to confirm grade and outline high priority targets for the upcoming drill program. The program also aimed to extend the known mineralized trend along structure, resulting in the discovery of several significant new quartz mineralized zones. Through reconnaissance geological mapping, Mantaro's geological team identified several undocumented N-S striking vein structures, north of the previous bounds of known mineralization on the property. Extending the known mineralized footprint along structure by over two kilometers. The Company collected 500 rock chip samples across the Golden Hill Property. The results from this sampling will further define high priority targets ahead of drilling across historically mined veins at La Escarcha, Gabby and Garrapatillia. The results will also test the continuity of gold mineralization across vein extensions and prioritize newly mapped veins for additional exploration. Sample assay results are expected before the end of March 2022. Golden Hill is centered on a broadly north-south trending regional structure that hosts the La Escarcha underground mine and the Gabby, Garrapatillia and Brownfields workings and gold-bearing veins in its western hanging wall. The same structure hosts numerous saprolite gold and hard rock gold deposits to the north and south of Golden Hill over a strike length of at least 25 kilometers — underpinning the significant control the structure exerts on gold mineralization. Second order faults splays host areas of alluvial and saprolitic/hard rock workings to the north of La Escarcha — where Mantaro geologists are currently rock-chip sampling and mapping. At least six strike kilometers of these structures are known within Golden Hill — in addition to the four kilometers between La Escarcha and Brownfields which have been mapped in detail. Known mineralization and surface anomalism is open along strike on all structures. Mineralization between La Escarcha and Brownfields is characterized by a series of broadly parallel, north-south trending, very steeply dipping quartz veins that are between 1 to 5 meters wide. Mineralization is hosted in mafic metavolcanics, at the contact of metavolcanics and metasediments, and within metasediments. Veins are well exposed in underground workings at La Escarcha where they comprise multiphase white quartz and slivers of wall rock which are fracture oxidized. Veins are up to 5 meters wide and contain significant visible gold. Mine staff have reported that gold grades increase downwards from surface to the 60 m level which is currently under limited development. Most gold appears to be free hosted in fractures within quartz and pyrite. Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. VP of Corporate Development & Non-Executive Director Donna-Belen Humphreys was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 