Business
First Andes Silver to Acquire Silver Focused Properties in New South Wales, Australia
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - FIRST ANDES SILVER LTD. (TSX...
About this update from First Andes Silver Ltd
[{"type":"text","content":"First Andes Silver to Acquire Silver Focused Properties in New South Wales, AustraliaVancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ0) (\"First Andes\" or the \"Company\") today announced that it has entered into an asset purchase agreement to acquire three (3) silver-focused exploration licence applications totalling approximately 454 km² in New South Wales, Australia. The concessions, located within the well-mineralized Lachlan Orogenic Belt, are known as the Carrington Project (\"Carrington\"), the Stoney Creek Project (\"Stony Creek\") and the Dartmoor Project (\"Dartmoor\") (together, the \"Silver Projects\").Highlights:Three large silver-gold exploration licence applications totaling approximately 454 km² (45,400 ha) in the highly prospective Lachlan Orogen of New South Wales, Australia (Figure 1);Portfolio covers an area containing at least 12 historic silver, gold and polymetallic mines and prospects, including multiple high-grade past producers;Historical silver and gold grades from surface grab, chip and production samples (see Sentinel Resources Corp. news release dated October 13, 2020):6,037 g/t Ag and 85 g/t Au at Carrington212 g/t Ag and 18 g/t Au at Stoney Creek, andSmall-scale historic production averaging 980 g/t Ag and 12% Cu at Dartmoor;Multiple complementary deposit styles: iron-rich Au-Ag-Pb-Sb skarns at Carrington, epithermal and/or orogenic Au-Ag vein systems at Stoney Creek, and VHMS-style massive sulphide mineralization at Dartmoor;Transaction structured with modest upfront consideration and staged exploration commitments, aligning with First Andes' capital deployment strategy;Provides additional exploration opportunities while continuing to aggressively advance First Andes' flagship Santas Gloria Silver Project.Colin Smith, CEO, commented: \"We are pleased to be acquiring three highly prospective silver exploration licences in New South Wales, a jurisdiction well known for its silver-rich deposits. The combination of high-grade historic silver and gold results, multiple deposit styles and excellent access to infrastructure provides First Andes with a cost-effective, year-round exploration pipeline that complements our flagship Santas Gloria Silver Project in Peru. While Santas Gloria remains our primary focus, ...