Aftermath Silver has big plans for Chile projects
The group wants to amass a portfolio of projects that remain 'cost positive' at around US$16 per ounce of silver
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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The group wants to amass a portfolio of projects that remain 'cost positive' at around US$16 per ounce of silver
The Cachinal project is located in Chile's Antofagasta region about 40 kilometres (km) east of the Pan American Highway and 16km north of Austral Gold's Guanaco gold-silver mine
The junior miner will retire the $1,075,000 balance of a $1.575 million convertible debenture which was issued to Halo Labs Inc in 2019
Canada’s largest resource-focused merchant bank Palisades Goldcorp is taking a little over 10% stake in the silver explorer
In a statement, the firm also noted that it could not currently mobilize people or equipment to the projects due to the coronavirus crisis
It is also currently designing exploration programs for two silver projects in northern Chile that it had acquired
The Vancouver-based firm has closed a non-brokered private placing of 16.5 million units at C$0.20 each for gross proceeds of C$3.3 million