Dear Fellow Shareholders,
I am very pleased to announce that Mantaro Silver Corp. ("Mantaro") will commence trading on the TSX Venture Exchange (“TSX-V”) on June 1, 2021 under the symbol MSLV. We are thankful for the patience, support and, most important, investment in our vision for Mantaro.
Milestones Achieved by Mantaro:
- 100% ownership of high-grade flagship Santas Gloria Silver Property and the highly prospective San Jose Silver.
- 100% acquisition through staking of three earlier stage projects with historical high grade silver assays — La Purisima, Cerro Luque and Huaranay Properties.
- Channel sampling resulted in high-grade grade silver results and discovery of new high-grade gold zone.
- Management team and key advisors with proven track record of adding shareholder value.
- Support from Canaccord Genuity Corp., PI Financial Corp., Research Capital Markets, Red Cloud Securities and Focus Communications.
- Strong balance sheet of $8 million to carry out 7,500 metres of drilling over high-grade targets.
Navigating through the COVID-19 pandemic in a foreign jurisdiction has proven to be extremely challenging and time consuming. However, our experienced Peruvian team has been superb in delivering results on-time and on-within budget.
Over the last year, Mantaro acquired a 100% interest in its flagship Santas Gloria Silver Property and the highly-prospective San Jose Silver Property. Each of these properties is situated on within the prolifically mineralized Miocene epithermal gold and silver belt which hosts many world class mines. The Santas Gloria property is located 50 km from the world class Morococha mining district.
In 2020, Mantaro completed an extensive channel sampling program at Santas Gloria consisting of 111 underground channel samples, 435 surface samples consisting of 8km of cumulative strike length, identifying several key high-priority drill targets.
Our San Jose Silver Property has over 12 kilometres of veins and inferred extensions of veins. From 2013 to 2018, a small scall underground mine was operation on the San Jose vein. An estimated 42,000 tonnes of material was extracted with reported silver grades between 15 to 20 ouncers per tonne. Given the numerous mines in the region, there is excellent discovery potential at the San Jose Silver Property.
Mantaro’s management and advisory team has a proven track record and relevant industry experience to exploration through South America. Members of the team have had success with multiple companies, including; Newmont Gold Corp, Kinross Gold Corp, Novo Resources, New Found Gold Corp, Nevsun Resources, Sunridge Gold Corp and Ivanhoe Mines Ltd.
We are aware of the political uncertainty surrounding Peru currently, but the mining potential in the country is irreplaceable. We view South America as a key jurisdiction to explore for precious metals and plan to expand and develop our portfolio of assets within that geographical area.
Thank you for your continued support,
“Dr. Christopher Wilson”
Dr Christopher Wilson, Ph. D., FAusIMM (CP), FSEG, a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
About Mantaro Silver Corp.
Mantaro Silver Corp. is a British Columbia company that holds a 100% interest in its flagship Santas Gloria Silver Property as well as a 100% interest in the San Jose, La Purisima, Cerro Luque and Huaranay Properties.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Mantaro cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Mantaro’s control. Such factors include, among other things: risks and uncertainties relating to Mantaro’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Mantaro undertakes no obligation to publicly update or revise forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.