Masivo Acquires Drill-Ready Gold, Silver, Copper Breccia Pipe - Porphyry Project in Mexico

Generado por agente de IAClyde Morgan
miércoles, 26 de febrero de 2025, 9:25 am ET1 min de lectura
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Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) has announced the acquisition of a drill-ready gold, silver, and copper breccia pipe - porphyry project in Mexico. The project, located in the state of Sonora, 28 km northwest of Alamos, and 11 km north of the Piedras Verdes mine, covers an area of approximately 295 hectares (728 acres) with two mineral concessions. The acquisition aligns with Masivo's long-term strategic goals and risk management approach, offering significant potential for value generation.

The project hosts an ENE trending epithermal vein system with preliminary chip sampling returning 9.8 g/t Au over 3.4 meters and another of 2.2 g/t Au over 3.8 meters. Additionally, a Cu-Au-Ag porphyry system has been identified three kilometers south of the epithermal vein system, with a 16-meter long chip sample assaying 1.3% Cu, 1.7 g/t Au, and 16 g/t Ag. A grab sample from this porphyry zone returned 17.4% Cu, 33.9 g/t Au, and 155 g/t Ag, highlighting the project's potential for high-grade mineralization.

The project's structural control by faults parallel to the epithermal vein system defined in the northern part of the project suggests a well-defined structural framework that could host additional mineralization. The project's location in the Sierra Madre's Gold Corridor, Sinaloa, Mexico, a region known for its mineral wealth and favorable geological conditions for gold and silver mineralization, further enhances its attractiveness.

Masivo has signed a definitive option agreement to earn a 100% interest in the project, with no underlying royalties. The project is easily accessible via paved highways and secondary roads, facilitating exploration and development activities. Masivo will use its $75,000 drill and exploration credit with a Mexican drill company for this drill program.

The acquisition aligns with Masivo's long-term strategic goals and risk management approach by diversifying its asset portfolio, leveraging existing resources, and reducing operational and financial risks. The project's potential for high-grade mineralization and the favorable acquisition terms further support Masivo's risk management approach.

Given the current market conditions and commodity prices, the project has the potential to generate significant value for Masivo and its shareholders. The project's high-grade mineralization, diverse commodity mix, favorable location, strong market demand, exploration potential, and available credit all contribute to its potential to generate significant value.




In conclusion, Masivo's acquisition of the drill-ready gold, silver, and copper breccia pipe - porphyry project in Mexico presents an attractive investment opportunity, given the project's geological characteristics, strategic alignment, and potential for value generation. Investors should closely monitor Masivo's progress as it advances this project and its other exploration efforts in Mexico and Nevada.

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