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.
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.