Shares of Mantaro Precious Metals Corp (OTCMKTS:MSLVF) (CVE:MNTR) closed higher on Thursday following key updates to its shareholders.
Market Reaction
On Thursday , MSLVF stock soared 15.15% to $0.19 with more than 7K shares, compared to its average volume of 26.6k shares. The stock has moved within a range of $0.1900 – 0.1900 after opening trade at $0.19.
Mantaro Precious Metals Corp Releases Annual Letter to Shareholders
Mantaro Precious Metals Corp (OTCMKTS:MSLVF) (CVE:MNTR) has provided a gist of the company progress in 2021, and also included details regarding its upcoming exploration activity from the company’s portfolio of high-grade silver assets in Peru and the Golden Hill gold project, located in Bolivia. The company has completed a concurrent financing of $8.25 million, while being listed on the TSX Venture Exchange.
Options up to 80% interest in the Golden Hill Property located in the underexplored, orogenic, Bolivia Shield, Bolivia. This is a fully-permitted mining concession with small-scale open pits and limited underground development over a 4 km contiguous strike length. Several untested veins are present too. Bench scale metallurgy of underground bulk samples have revealed lucrative quality gold recovery at Golden Hill Property with high average head grade of 5.53 g/t gold by fire assay and 5.96 g/t gold by cyanide bottle roll.
Robust underground silver assays at Santas Gloria Silver Property of up to 10,000 g/t silver at Tembladera level 3, 7,860 g/t silver at Tembladera level 1 and up to 4,100 g/t silver at San Jorge. The sampling program at the San Jose Silver Property has yielded positive results with 7 new veins being discovered.
The company states that 5000 m diamond drill program for Golden Hill Property is expected to begin in Q1 of 2022.
