- Masivo Silver Corp. (MASS) has announced it is moving forward with definitive agreements on a range of mineralized mining concessions in the La Santa Madre Project
- The company has recognized six parallel and mineralized copper, gold and silver epithermal quartz veins with a southwest by northeast orientation
- Vein lengths ranged between 600 and 1,200 metres
- Masivo Silver has also signed a letter of interest to access 3,000 hectares of private land where some of these mining claims are situated
- The company also has the right to progress to an agreement for 8,000 hectares of the land
- Shares of Masivo Silver were down 3.85 per cent to C$0.12 as of 3:58 p.m. EDT
Masivo Silver Corp (MASS) is moving forward with definitive agreements on a range of mineralized mining concessions in the La Santa Madre Project.
The project is located in San Ignacio in the State of Sinola, Mexico.
The project spans 1,971 hectares where the company recognized six parallel and mineralized copper, gold and silver epithermal quartz veins with a southwest by northeast orientation.
Vein lengths ranged between 600 and 1,200 metres, while observed widths on these veins varying between 3 metres to 7 metres.
The property’s location will be revealed when the company’s geologists complete ongoing sampling activities in the neighboring claims.
Additionally, Masivo Silver Corp. signed a letter of interest in order to access 3,000 hectares of private land where some of these mining claims are located. The company will also have the right to progress to an agreement for 8,000 hectares of this private land.
“We are very excited to secure these highly prospective silver-gold-copper properties in the State of Sinaloa. These claims have historic high grade Cu, Ag and Au values and old workings. The concessions are very accessible as they are very close to highways and existing roads in the municipality of San Ignacio. There is power and abundant water in the area, which is great for a drilling stage,” David Coburn, CEO of Masivo Silver Corp., said in a release.
Headquartered in Vancouver, BC, Masivo Silver Corp. is a junior silver and gold exploration company focused on exploration projects in the El Colomo Mining District in Mexico.
Shares of Masivo Silver were down 3.85 per cent to C$0.12 as of 3:58 p.m. EDT.