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Canadian Silver Hunter and Kuya Silver Announce Execution of Agreement Pursuant to Which Kuya Silver to Acquire Properties in the Cobalt, Ontario, District from Canadian Silver Hunter
Kuya Silver expands Silver Kings Project by consolidating Silver Centre area Toronto, Ontario--(...
About this update from Canadian Silver Hunter Inc.
[{"type":"text","content":"Canadian Silver Hunter and Kuya Silver Announce Execution of Agreement Pursuant to Which Kuya Silver to Acquire Properties in the Cobalt, Ontario, District from Canadian Silver HunterKuya Silver expands Silver Kings Project by consolidating Silver Centre areaToronto, Ontario--(Newsfile Corp. - March 29, 2023) - Canadian Silver Hunter Inc. (TSXV: AGH.H) (\"CSH\") and Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the \"Company\" or \"Kuya Silver\") (together the \"Parties\") are pleased to announce they have entered into an agreement (the \"Agreement\") for the acquisition of a package of properties totaling 1746 hectares by Kuya Silver in Silver Centre area (part of the greater Cobalt, Ontario mining district) from CSH.Highlights:Further consolidation of the Cobalt and Silver Centre mining camps under Kuya Silver, including historic Keeley and Frontier mines that produced almost 20 million ounces of silver and 3.3 million pounds of cobalt on the properties (Sergiades 1968)2012 to 2018 drilling results by previous operators included:243 g/t silver, 0.19% cobalt over 3.02 metres (including 1,473 g/t silver, 0.68% cobalt over 0.34 metres) in hole KF-KD-0005 (2017)120 g/t silver, 0.02% cobalt over 4.4 metres including 1,435 g/t silver, 0.10% cobalt over 0.3 metres in hole CSH12-03 (2012)814 g/t silver over 1.34 metres in hole FCC-18-0045 (2018)Recent drilling at Campbell-Crawford area, as well as past work at Silver Centre, demonstrates mineralizing potential of faults. There are several untested or promising but incompletely tested faults in the Silver Centre areaDavid Stein, Kuya Silver's President and CEO remarked: \"This acquisition is highly strategic to the overall Silver Kings project, and will be a great addition to our already substantial land package in the district. The Silver Centre area was an important silver-cobalt production centre in the past, and there is a significant amount of historical mining and exploration data to evaluate. There are favourable targets here with the potential for new discoveries.\" David Lewis, Exploration Director with Kuya Silver, commented: \"With our recent success in the Campbell-Crawford area, we are very pleased to fully integrate the Silver Centre area into our Silver Kings property. We have several target areas here that warrant follow-up work based on our updated un...