Mantaro Silver Corp is focused on the exploration of high grade precious metals systems in South America. The Company holds options to acquire 100% of the Santas Gloria and San Jose projects in Peru — both high grade silver-base metal vein systems with limited underground development.
The company also holds a 100% interest of three early stage silver systems in the north of Peru which it acquired through staking — La Purisma, Cerro Luque and Huaranay.
Project Acquisition Criteria
Mantaro’s acquisition criteria is based on several metrics — an option to acquire a minimum 80% and preferably 100% ; high grade with robust size potential; and limited previous drilling. Historical underground workings that demonstrate grade and potential are important caveats.
Underground sampling by Mantaro of the Tembladera and San Jorge Veins at Santas Gloria returned channel samples assays of up to 0.50 m @ 1.27 g/t Au, >10,000 g/t Ag (ca. 320 oz/t), >20% Pb and 0.5% Zn and sample SG00059 assayed 0.7 m @ 1.15 g/t Au, 7860 g/t Ag (ca. 250 oz/t), 10.3% Pb and 9.1% Zn.
Between 2013 and 2018 Compañía Minera Aurora del Norte S.A.C. produced 42,000 tonnes of material from a near surface section of the San Jose vein. Production grades were reported at between 15 to 20 oz/t silver. Mantaro is planning an aggressive field program as soon as COVID restrictions are lifted.
Never Drill Tested
Mantaro Silver Corp has targeted projects that have limited historical production from underground workings — thus demonstrating vein architecture, grade and width — but have never been drill tested. Collectively San Jose and Santas Gloria have over 26 strike kilometres of veins which represent multiple high value targets. Such properties have better potential than mature projects that have experienced several exploration campaigns by one or more companies.
Experienced Board and Management
Mantaro’s board of directors and South American management has signiﬁ cant experience with intermediate sulphidation silver-dominant epithermal vein deposits — both globally and throughout South America. Dr Chris Wilson — Mantaro’s Chairman and CEO — has almost 35 years of mineral exploration experience with specialist experience in precious and base metal vein systems. He has reviewed mineral de-posits for investors in over 75 countries. Mr Charles Hethey — Executive Director and Legal Counsel — is a securities lawyer with signiﬁcant experience with TSXV listed mineral exploration companies.
Messers Darren Hazelwood and Patrick Hickey are non executive members of the board. Mr Hickey s a registered engineer with 40 years of experience in the design and construction of mines throughout the world. In 2010 he joined Kinross Gold Corporation as Regional Vice President for Africa with oversight for the companies operations throughout the region.
The companies Exploration Manager for South America is Mr Jos Hantlemann. Jos has almost 15 years of exploration experience — much of it in South America. He was most recently employed as a Senior SRK consultant in Peru and is ﬂuent in Spanish.
Dr Quinton Hennigh and Mr Craig Angus — both advisors to the company — bring signiﬁcant operational and public market experience.