Challacollo Silver-Gold Project
As announced by news release dated August 1, 2018, the Company has entered into a non-binding Letter of Intent (the “Challacollo LOI”) with Mandalay Resources Inc. (“Mandalay”) to purchase the Challacollo silver-gold project (“Challacollo”) by the purchase of 100% of Mandalay’s shares in the Chilean holding company Minera Mandalay Challacollo Limitada (“MMC”), which currently owns 100% of the Project. Challacollo is the only asset held by MMC.
Challacollo is a low sulphidation epithermal deposit which hosts a historic Mineral Resource1 of Indicated of 4.7 million tonnes at 200 g/t silver and an Inferred of 1.6 million tonnes at 134 g/t silver, with associated gold credits (30.3 million ounces silver and 48.4 thousand ounces of gold). Read More
Cachinal Silver-Gold Project
As announced by news release dated June 25, 2018, the Company has entered into a definitive agreement (the “Cachinal Agreement”) with Apogee Opportunities Inc. (“Apogee”) to purchase Apogee’s holding in the Cachinal De La Sierra Silver-Gold Project (“Cachinal”) through the purchase of Apogee’s shares in the Chilean holding company Minera Cachinal S.A., representing 80% ownership.
Cachinal, is a low sulphidation epithermal deposit which currently hosts a current Mineral Resource2 of Indicated of 5.7 million tonnes at 101 g/t silver and an Inferred of 0.8 million tonnes at 115 g/t silver, with associated gold credits (18.41 million ounces silver and 24.03 thousand ounces of gold). Read More