The program consisted of 5,000 metres in 36 holes over the property, part of the company’s effort to improve its data on the historic Bethania Mine and direct future exploration.

The Bethania project, located in central Peru, was in production until 2016, producing silver-lead-zinc concentrates.

In phase I, drilling intersected 1,127 g/t of silver equivalent over 1.2 metres, including 0.45 metres of 2,574 g/t of silver equivalent.

Kuya plans to continue to test shallow targets in the Bethania vein system that have seen little to no historic mining.

David Stein, president and CEO of Kuya Silver, commented on the initial results.

“Overall, these results point to a potentially greater silver endowment within the Bethania vein system than previously thought,” he said.

“We look forward to continuing aggressive exploration at Bethania as well as our newly acquired Carmelita satellite project, while we accelerate development at the Bethania mine.”

Future exploration work in the main Bethania Mine area will focus on extending the mineralization at depth, either by drilling longer holes from the surface or drilling from underground.

“This drill program brings the total number of veins at the Bethania mine area to twenty, a very positive outcome,” said Dr. Quinto Hennigh, Kuya chairman. “More veins mean the system has the potential to host more tonnes per vertical meter, a potentially favorable economic outcome.”

Kuya is a Canadian‐based silver‐focused mining company that owns the Bethania Project.

Kuya Silver Corp. (KUYA) is down 2.08 per cent, trading at $1.14 per share as of 3:45 pm ET.