Business
Mantaro Precious Metals Provides Update on Resource Estimate
VANCOUVER, BC, June 6, 2023 /CNW/ - MANTARO PRECIOUS METALS CORP. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) (the "Company") is pleased to provide an update as to t
About this update from First Andes Silver Ltd
[{"type":"text","content":" VANCOUVER, BC, June 6, 2023 /CNW/ - MANTARO PRECIOUS METALS CORP. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) (the \"Company\") is pleased to provide an update as to the status of the maiden resource estimate at the Company's Golden Hill Property, Bolivia. Recently, the Company's independent qualified person, Mr. Juan Manuel Morales-Ramirez (BSc, MSc, P.Geo), completed the necessary site visit and data verification necessary to complete the independent technical report on the Golden Hill Property. Accordingly, the Company is targeting the mineral resource estimate to be completed this month of June 2023. Mr. Morales-Ramirez is a highly seasoned independent geologist with over 40 years of experience in most commodities and deposit types throughout North, Central and South America. Mr. Morales-Ramirez has experience with gold mineralized bulk and vein-style gold systems from grass roots exploration through resource definition to prefeasibility study. The independent technical report will be co-authored by P&E Mining Consultants Inc. (\"P&E\") who will be responsible for the mineral resource estimation. P&E has successfully completed over 350 geological and mine engineering consulting reports, mineral resource estimate technical reports, preliminary economic assessments, and pre-feasibility studies. The mineral resource estimate will be centered on La Escarcha prospect, which is one of four vein swarms hosted along a regional shear structure that were historically mined for gold. Of the 3009 m maiden program completed by the Company, 14 holes totaling 2405 m were drilled at La Escarcha, with the remainder drilled as scout reconnaissance holes at other prospects. Drilling at La Escarcha focused on a strike length of only 400 m to a vertical depth of generally <100 m. In addition to the mapped vein swarms, there are an additional 6+ km of untested regional structures that are shedding alluvial gold in many places. Darren Hazelwood, Chief Executive Officer of the Company states, \"Drilling to date by Mantaro focused on a very small section of a much larger vein system and targeted the near surface depth extension of outcropping mineralization to vertical depths of generally <100 m. The maiden resource estimate gives us significant optionality on a go forward basis. Mineralized zones are generally st...