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Be the first with the news that moves the market- Mantaro Precious Metals (TSXV:MNTR) completed drill pad construction at the Santas Gloria Project, ahead of its maiden drill program
- The company built 10 drill pads at Santas Gloria and has planned a 15-to-20-hole angled diamond drill program totaling 2,500 metres. The program is planned to begin by summer 2023
- The initial target will be the strike and depth extensions of high-grade gold-silver-base metal mineralised segments of four veins
- Mantaro (MNTR) opened trading at $0.03 per share
Mantaro Precious Metals (TSXV:MNTR) completed drill pad construction at the Santas Gloria Project, ahead of its maiden drill program.
Now that the wet season is over in Peru, the company built 10 drill pads at Santas Gloria and has planned a 15-to-20-hole angled diamond drill program totaling 2,500 metres. The program is planned to begin by summer 2023.
The initial target will be the strike and depth extensions of high-grade gold-silver-base metal mineralised segments of the Tembledara, San Jorge, Paquita and Maribel veins. Four drill pads were built at San Jorge, a multiphase silver-rich intermediate sulphidation epithermal vein system.
The Santas Glorias property is 100 km from Lima, Peru. From the first 10 drill pads, the company said it is possible to drill multiple holes from each without additional pads. From there, the team could drill between 40 to 50 holes from the first 10 pads, and a similar number from the next 10 pads.
The company’s Chief Executive Officer, Darren Hazelwood stated that the geologic work and preparation for the program took several months.
“Santas Gloria presents us with a rare opportunity to be the first company to drill test an extensive, high-grade, gold-silver mineralisaed intermediate sulphidation epithermal system in central Peru, where small scale historical mining has demonstrated underground silver-base metal grades.”
Mantaro Precious Metals Corp. (MNTR) holds a diversified portfolio of gold and silver properties in Bolivia and Peru. Recently, the miner signed an agreement to acquire two highly prospective licenses, being the East Trend and Media Sur properties, in the San Ramon Greenstone belt in Bolivia. Click here to read more.
Mantaro (MNTR) opened trading at $0.03 per share.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
