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First Andes Silver Announces Conditional Grant of Exploration Licences in New South Wales, Australia
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2026) - FIRST ANDES SILVER LTD. (TSX...
About this update from First Andes Silver Ltd
[{"type":"text","content":"First Andes Silver Announces Conditional Grant of Exploration Licences in New South Wales, AustraliaVancouver, British Columbia--(Newsfile Corp. - January 20, 2026) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ0) (\"First Andes\" or the \"Company\") today provided an update on its proposed acquisition of three (3) silver-focused exploration projects known as the Carrington Project (\"Carrington\"), the Stony Creek Project (\"Stony Creek\") and the Dartmoor Project (\"Dartmoor\") (together, the \"Silver Projects\"), located in New South Wales, Australia.Southern Star Pty Ltd. (the \"Vendor\"), the seller of the Silver Projects, has received notification from NSW Resources of the conditional grant of the exploration licences that comprise the Carrington, Stony Creek and Dartmoor Projects for a period of six (6) years. Final grant is subject to the payment of the applicable security deposits, being A$10,000 per exploration licence, and the annual rental fees totaling A$9,960. With the conditional grant of the exploration licences and the increase in silver prices, First Andes has prepared a staged exploration plan designed to systematically advance the Silver Projects. Following completion of the acquisition, the Company intends to initiate fieldwork with soil and stream-sediment geochemistry to prioritize targets for follow-up surface work and potential future drill testing.\"We are pleased to see meaningful progress toward securing these three highly prospective exploration licences in New South Wales,\" stated Colin Smith, CEO of First Andes Silver Ltd. \"With a lean, execution-focused team, we can advance two diverse exploration programs efficiently and with tight cost control, driving early-stage target generation in Australia while continuing to build momentum at Santas Gloria in Peru. First Andes' drilling has reported high-grade silver across multiple vein systems, and we are now executing property-wide, systematic exploration designed to prioritize the next generation of drill targets, supported by a multi-kilometre zoned alteration target defined from WorldView-3 SWIR data that helps vector to the potential core of the broader epithermal system.\"The Company anticipates it will complete the acquisition of Silver Projects within the next week, subject to final acceptance of the TSX Venture Exchange. Det...