Aftermath Silver appoints Michael Parker as chief operating officer of the company
Parker will be responsible for overseeing the company's technical and administrative efforts in Peru and Chile
Company
CVE:AAG
Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver and critical metals which aims to deliver shareholder value through the discovery, acquisition and development of quality silver and critical metal projects in stable jurisdictions. Berenguela Silver-Copper-Manganese project. The Company owns a 100% interest in the Berenguela Ag-Cu-Mn project located in the Department of Puno, in southern central Peru. Challacollo Silver-Gold project. The Company completed the acquisition of a 100% interest in the Challacollo silver-gold project from Mandalay Resources; see Company news release dated August 11, 2022. Cachinal Silver-Gold project. The Company owns a 100% interest in the Cachinal Ag-Au project, located 2.5 hours south of Antofagasta.
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Parker will be responsible for overseeing the company's technical and administrative efforts in Peru and Chile
Phase I is designed to collect samples in specific areas of the deposit to generate three metallurgical composites, and sink HQ-diameter diamond core holes for resource conversion and confirmation drilling
The company says it wants to attract the market by amassing over 100 million ounces of silver with a portfolio of projects that remain 'cost positive' at around US$16 per ounce of silver
In a twenty-year career with First Quantum Minerals (FQM), he held progressively senior Country Manager positions, and was instrumental in two major copper discoveries
The acquisition was announced in May, 2020 but the coronavirus pandemic delayed completion of the legal documentation in Chile
In late 2020, the firm posted a new resource estimate for the asset, showing 6.6 million tonnes of indicated material (both open pit and underground) for 35.1 million ounces of silver at 165 grams per tonne (g/t) and 58,000 ounces of gold a
The central Reserve Bank of Peru has projected that its metal mining GDP will grow by 14% this year, with 13 mining projects expected over the next four years
The document presents, among others, the details of land tenure, a summary of historic exploration work, and an analysis of Berenguela's drill hole data base
The explorer said the program is designed to test the material outside of the high-grade structures that formed the mineral resource estimate at the gold-silver project
The company has an option to acquire 100% of the Challacollo asset in Chile
The Berenguela silver-copper project is an epithermal polymetallic carbonate-replacement deposit with a total tenement package of 6,594 hectares
"The time frame from the initial approach to SSRM to execution of this agreement has been very short, and is a credit to the professionalism of everyone involved," said Rushton
Total inferred (lower confidence) ounces from both open pit and underground were 2.48 million silver ounces and 2,610 gold ounces
The company said it intends to use the net proceeds for drilling and other technical studies on the Berenguela Silver-Copper project in Peru, and the Challacollo and Cachinal Silver-Gold projects in Chile, and for general working capital pu
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The junior explorer said it has hired AMC Consultants (Canada) and Ausenco Engineering Canada to produce the document
The junior explorer said it would now issue 24 million shares, up from 19.25 million, still at the same price of C$0.65 each
The junior explorer said it would issue up to 19.25 million shares at C$0.65 each
A historic estimate shows the Peruvian project contains 98 million ounces of silver measured and indicated, and 28 million ounces of silver inferred
Chartered accountant Brownlow has accumulated extensive experience working as chief financial officer of TSX-V listed mineral exploration and development companies throughout the world