At the request of IIROC, HSDOawvJ1v Inc . ("HSDOawvJ1v" or the "Company") (TSX.V: RYO), wishes to confirm that the Company
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02 April
Rio Silver
Investor Insight
Rio Silver’s value proposition leverages a wholly owned 4,300 hectares of mineral concessions in a historic Peruvian mining district, a management team holding a 29 percent stake and over two decades of local experience, extensive exploration data and promising historical drill results.
Overview
Rio Silver (TSXV:RYO) is a precious metals mining and exploration company with a focus on the acquisition, exploration and development of precious metals deposits in South America. The company is currently focused on advancing its 100 percent-owned Niñobamba silver-gold project in Peru. The company has decades of experience navigating the mining regulatory landscape of Peru and considers itself to be well-positioned for the coming mining cycle.
Rio Silver’s flagship Niñobamba property is located in the Department of Ayacucho about 330 kilometers southeast of Lima. The 4,300-hectare property is wholly owned by the company and the project is drill ready. The Niñobamba project partially comprises a 2,200 hectare property which was previously owned by Newmont Mining (NYSE:NEM) and Southern Peru Mining. The balance was held by AngloGold Ashanti and Bear Creek Mining but has since been strategically acquired and consolidated into Rio Silver’s property.
The Ninobamba project engulfs a collapsed caldera, an ancient volcano, where the Niñobamba North and South zones were mineralized in a hot spring environment within the wall rock of the caldera surrounded by areas that contain high-sulfidation mineralization with near surface silver and gold deposits modeled for Rio Silver using leapfrog 3D software. The neighbouring Jorimina deposit, 6.5 kilometers to the west, where Newmont spent more than US$7 million, concluded an internal, positive, preliminary economic assessment, detailing a predominantly gold-rich, low to mid-sulfidation deposit found in the floor structure of this collapsed caldera.
In 2025, Rio Silver and African Energy Metals (NEX:CUCO.H;FSE:BC2; WKN:A3DEJG) signed an option agreement granting African Energy Metals a 100 percent interest in the Niñobamba gold-silver project in Ayacucho, Peru. Additionally, Rio Silver also entered into a definitive agreement to acquire the high-grade Maria Norte polymetallic silver property from Peruvian Metals (TSXV:PER), located in the historic Huachocolpa Mining District in Huancavelica, Southern Peru.
The company’s management and advisory team is made up of experienced industry veterans, some with as many as 25 years of experience working in Peru. The team has an in-depth understanding of the regulatory processes associated with mining exploration in the country.
To date, Rio Silver and other historical operators have completed US$10 million in exploration expenditure on the Niñobamba property. The company has low overhead expenditure and strong alliances in Peru that are helping it achieve new initiatives for enhanced sustainability.
The company now holds a 3 percent net smelter return (NSR) royalty with guaranteed minimum payments from a recent property sale and these initiatives enable more exploration by helping Rio Silver with sustaining costs.
Company Highlights
- Rio Silver owns six mineral concessions covering 4,300 hectares of wholly-owned land in a historic Peruvian mining district.
- The property was historically surrounded by big-name miners (Newmont, Southern Peru Copper) and is now wholly owned by Rio Silver.
- Experienced management team with more than two decades of mining experience in Peru.
- Extensive trenching completed at the Niñobamba zone.
- The management team holds a 29 percent stake in the company.
- US$10 million in exploration expenditure completed to date by Rio and historical operators.
- All the historical data has been collected from previous owners.
- Historical drilling on the Niñobamba property intersected 130 meters of 2.55 oz/t silver and 72.3 meters of 1.19 g/t gold.
- New gold zone identified includes 56 meters at 98.9 g/t silver and 21.77 meters at 1.32 g/t gold, 102.46 g/t silver.
- Rio Silver and African Energy Metals signed an option agreement granting African Energy Metals a 100 percent interest in the Niñobamba gold-silver project in Ayacucho, Peru.
- Rio Silver has signed a definitive agreement to acquire the high-grade Maria Norte polymetallic silver property from Peruvian Metals. The property is located in the historic Huachocolpa Mining District in Huancavelica, Southern Peru.
Key Project
Niñobamba Silver Project, Peru
Located 330 kilometers southeast of Lima in the Department of Ayacucho, the Niñobamba property is 100 percent wholly owned by Rio Silver. The property includes six mineral concessions covering 4,300 hectares. The district has historically been mined by major international gold miners including Newmont Goldcorp and Southern Peru Mining.
The property was initially explored by AngloGold (JSE:ANG) in 2001. Anglo drilled five widely-spaced core holes totaling 861 meters focusing in an area of intense hydrothermal surface alteration. AngloGold’s drilling highlights included assay results of 87.0 grams per tonne (g/t) silver over a drilled interval of 130 meters starting from a depth of 9 meters reported from drill hole DDH-2 and 54.0 g/t silver over a drilled interval of 96 meters starting from 23 meters reported from the AN-04 drill hole.
Adjacent zones acquired from major miners
In 2016, Rio Silver consolidated its property by acquiring the surrounding 2,200 hectares of adjoining land from Newmont Mining and Southern Peru Copper. These included the 2,000 hectare Jorimina zone, which is located about 6.5 kilometers west of the Niñobamba and is believed to be part of the same high-sulfidation silver-gold system identified in the main Niñobamba zones. Along with the property came an extensive database of information including results and reports from an exploration program by the mining majors which encompassed 553 hectares. Newmont’s exploration included mapping, 2,147 rock samples and induced polarization geophysics. This historic exploration indicated a gold anomalous area of more than 700 meters by 1,000 meters as well as four strong chargeability anomalies coinciding with gold-silver in rock anomalies.
Newmont’s historic data includes samples of 17.4 meters of 3.06 g/t gold and 200 meters of 0.26 g/t gold. Historic exploration in the Jorimina zone conducted by Newmont in 2009 and 2010 shows highlights of 72.3 meters of 1.19 g/t gold starting at 53-meter depth.
In 2024, Rio Silver completed a surface access agreement with the local community for one year at the Jorimina project after an environmental impact study and community workshops were also completed to represent the final steps of the drill permitting application process.
Exploration and trenching results
To date, extensive trenching has been completed by Rio Silver on the Niñobamba property. In 2012, the company began conducting surface trenching in areas proximate to historical drilling locations. Exploration has focused primarily on the north and south zones of silver mineralization approximately 400 meters apart with variable thicknesses. Surface sampling near trenches in the north zone returned highlights of 1.32 g/t gold and 102.46 g/t silver. Sampling near trenches in the south zone returned highlights of 42.62 meters of 130.98 g/t silver. Additional highlights can be found on Rio Silver’s website.Management Team
Chris Verrico - President, CEO, and Director
Chris Verrico has extensive experience with rural-remote infrastructure construction and contract mining throughout BC, the Yukon, Alaska and Nunavut. He has been a director for a dozen startup junior mining companies, most of which have become public companies. Verrico has managed numerous exploration projects in North America, Mexico and throughout western South America. He is currently the director of Juggernaught Exploration.
Steve Brunelle - Chairman
Steve Brunelle is the former officer and director of Corner Bay Silver, which was acquired by Pan American Silver. He has 35 years of experience in mineral exploration throughout the Americas and is currently an Officer and Director for several TSXV companies.
Jeffrey J Reeder - Advisor
Jeffrey J Reeder is a professional geologist with more than two decades of experience working in Peru. Reeder possesses an in-depth understanding of the rules, practices, and processes involved in conducting mining and exploration in the country and is currently the president of Peruvian Metals which owns a custom toll milling facility in northern Peru.
Jim McCrea – Adviser
Jim McCrea has more than 30 years’ experience in exploration, mining geology and mineral resource estimation. He worked for junior mining/exploration companies and engineering companies SRK and Snowden. His geological expertise ranges from technical review and due diligence to resource estimation and feasibility studies. McCrea has experience in a range of commodities, but primarily gold, silver and copper, with particular focus on North and South America. He has performed ore body modeling and resource estimation for the successfully targeted takeover company Cumberland Resources by Agnico-Eagle Mines. More recently, McCrea completed many mineral resource estimations underpinning acquisitions such as Minera San Cristóbal S.A. of Bolivia, Arena Minerals and Montan Mining, to mention a few.
Richard Mazur - Director
Richard Mazur is the co-founder and past managing director of RLG International, operating in over 30 countries worldwide with more than 300 employees.
Jeffrey J. Reeder - Advisor
Jeffrey J. Reeder, P. Geo., holds a B.Sc. (Honours) in Geology from the University of Alberta and has been a registered professional geologist with the Association of Professional Engineers and Geoscientists of British Columbia since 1992. With 25 years of experience working in Peru and fluency in Spanish, Mr. Reeder has played a key role in identifying and acquiring significant mineral projects, including the Aguila Copper-Moly deposit—now being developed by Mexican mining giant Industrias Peñoles—and the Pinaya Copper-Gold project, currently under exploration by Kaizen Discovery.
Reeder is the president and CEO of Peruvian Metals, which operates a successful and expanding toll milling plant in northern Peru. Under his leadership, the company is also developing nearby mines to enhance the supply of ore to its growing mineral processing facility.
Eric H. Hinton - Advisor
Eric Hinton holds degrees from Haileybury School of Mines, Queen’s University, and Laurentian University and is a registered professional engineer in Ontario and Manitoba. A Fellow of the Canadian Institute of Mining, Metallurgy, and Petroleum, he is also designated as a Qualified Person (QP) in underground mining by the Mining and Metallurgical Society of America and is recognized as a QP under National Instrument 43-101.
Christopher Hopton - CFO and Advisor
Christopher Hopton is a seasoned financial management professional with 25 years of experience. He has led financial operations for resource and biotech companies across Canada and South America. Since 2019, Hopton has served as chief financial officer (CFO) of the company, bringing expertise in financial planning, accounting policy, and business process optimization. In addition to his current role as CFO at Rio Silver, Hopton previously served as CFO of Central Resources, a junior mineral exploration company. He also played a key role in the successful restructuring of 360 Networks, a network communications firm, which ultimately led to its strategic acquisition by Bell Canada.
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Leveraging 25 years of mining experience in Peru
2h
Abcourt Intersects a New Mineralized Zone in a Hole Grading 0.9 g/t Gold over 19 Metres on its Flordin Property
Mines Abcourt Inc. ("Abcourt" or the "Company") (TSX Venture : ABI) (OTCQB : ABMBF) is pleased to announce that a new mineralized zone has been intercepted in hole FL-25-283 on the Flordin Property, located in the Lebel-sur-Quévillon area, Quebec. This new gold zone, which returned 0.9 gt gold over 19 metres, including 3.1 gt gold over 3.1 metres is located approximately 150 metres deep. The mineralization is included in a zone of alteration rich in albite (to be confirmed), sericite, carbonate and hematite, thus giving the rock the characteristic reddish-beige hue. Mineralization consists mainly of clusters of disseminated fine pyrite. It should be noted that the new gold-bearing zone is magnetic and is found within a large, altered zone, thus giving the rock a reddish-beige colour contrasting with the rather greenish mafic lavas. A petrographic study is currently underway to identify the mineralogy of the altered zone. This study is conducted by Ms. Lucie Mathieu, Ph.D. of GEOX Consulting Inc.
Follow-up by prospecting will be done in the spring in this area to validate the presence of this characteristic altered zone on the surface. Please note that assay results are still being interpreted for the latest holes drilled in the Cartwright area and will be released as soon as they are validated by the technical team. The Flordin project is advantageously located less than 20 km north of the municipality of Lebel-sur-Quévillon and less than 1.5 km north of the transcontinental network of the Canadian National Railway.
Pascal Hamelin, President and Chief Executive Officer commented: Hole FL-25-283 intersected a gold mineralized zone relatively close to surface in an altered zone, still unknown until recently. This type of alteration and mineralization appears to be different from what is observed in the South Zone area and the Cartwright area. A petrographic and geochemical study is currently underway and will allow us to correctly characterize this important altered zone of almost 20 metres thick.
Hole FL-25-283 intersected three different mineralized zones from north to south. The following are descriptions and summaries of the main geological features of each of the three zones:
Name Mineralized Zone | Interception | Description |
Altered Zone | 0.9 g/t gold over 19 metres Including 3.1 g/t gold over 3.1 m | Disseminated gold-bearing pyrite in clusters in an albite, carbonate, sericite and hematite-altered zone. |
South Zone | 1 g/t gold over 17 metres Including 6.5 g/t gold over 1 m | Pyrite-silica-hematite band in a shear zone associated with mafic lava. |
New Zone | 1.3 g/t gold over 1 m. | Disseminated cubic pyrite in quartz veins/veinlets in a silicified and sheared alteration zone. |
Table of Key Results Obtained in Hole FL-25-283
Hole | From (m) | To (m) | Length (m) | Grade (g/t) | Zones | Metal-Factor (Grade X Length) |
FL-25-283 | 130 | 149 | 19 | 0.9 | Altered Zone | 17 |
Including | 140.9 | 144 | 3.1 | 3.1 | Altered Zone | 10 |
557 | 574 | 17 | 1.0 | South Zone | 17 | |
Including | 560 | 561 | 1 | 6.5 | South Zone | 7 |
Figure 1: Regional Location of the Flordin Property
Figure 2 : Location of the Flordin Property and Adjacent Claim Owners
Figure 3: Surface Plan
Figure 4 : Section 359 300 E
Qualified Persons
Mr. Robert Gagnon, P.Geo. Vice-President, Exploration of the Company, has verified and approved the technical information contained in this press release.
Quality Control Measures (QA/QC)
Following an analytical quality assurance and quality control program, blank samples and certified reference materials were added to the NQ half core samples and were shipped and analyzed by the MSALABS laboratory in Val-d'Or, Quebec using the Photon Assay TM method. The samples were crushed to 70% passing two millimeters with a 500-gram division for gamma ray assay for gold. According to MSALABS' internal procedure, blank and standard samples are inserted. MSA operates numerous laboratories around the world and maintains ISO-17025 accreditation for many metal determination methods. MSA is an ISO-17025 accredited laboratory for the photonic analysis method. The drilling, core description and assay preparation work was carried out under the supervision of Robert Gagnon, P.Geo., Vice-President of Exploration of Abcourt Mines, a Qualified Person as defined by NI 43-101 .
About Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mine and mill and the Flordin property, where it concentrates its operations.
For more information about Abcourt Mines Inc., please visit our website and view our filings under Abcourt's profile on www.sedarplus.ca .
Pascal Hamelin President and Chief Executive Officer T : (819) 768-2857 Email : phamelin@abcourt.com | Dany Cenac Robert, Investor Relations Reseau ProMarket Inc., T : (514) 722-2276 ext.: 456 Email : dany.cenac-robert@reseaupromarket.com |
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could", "should", "likely", or variations of such words and phrases or statements specifying that certain acts, events or results "may", "should", "will" or "be achieved" or other similar expressions. Forward-looking statements are based on Abcourt's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt's public filings, which are available on SEDAR at www.sedarplus.ca . There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/8142a9be-0592-46fd-ac85-0a23b3b4ff71
https://www.globenewswire.com/NewsRoom/AttachmentNg/51adbff1-4e42-49dd-a6cd-747eddf72fcb
https://www.globenewswire.com/NewsRoom/AttachmentNg/858f5cde-d6b4-44a8-bf00-c24d84eaf838
https://www.globenewswire.com/NewsRoom/AttachmentNg/a0035ed9-4f4f-43de-9ddf-1001e3cd553e
News Provided by GlobeNewswire via QuoteMedia
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11h
High-grade Gold Intercept Confirmed at Darlington
North Stawell Minerals (ASX:NSM) is pleased to announce an update on the results of its recent diamond drill program. The North Stawell Project includes a 504 km2 contiguous package of ground that incorporates the gold-prospective corridor immediately north of Stawell Gold Mines’ operation at Stawell. A thin blanket of unmineralised sediments preserves potential for large, near-surface repeats of the multimillion-ounce ore deposit at Stawell. The current focus is on two priority targets, Wildwood and Darlington, which both have potential to be repeats of the multi-million-ounce mineralisation at Stawell.
HIGHLIGHTS
- Diamond Drilling has returned an impressive intercept at the Darlington Project, 6km north of Stawell, Victoria, Australia.
- A brecciated, quartz-sulphide vein with multiple occurrences of visible gold (VG) 1 returned:
2.3m at 29.2 g/t Au from 108.2m (NSD057), including 0.8m at 82.3 g/t Au from 108.2m (NSD057). - The intercept in NSD057 has strong similarities to the historic Mariners Lodes at Stawell - including geology, mineralisation style, structure and gold grades - presenting an exciting deposit-style to explore against. High grade gold intercepts and significant visible gold in the Stawell Corridor are not typical.
- The intercept in NSD057 occurs 70m to the west of the Darlington Mine trend, and, if parallel to Darlington, is open for 850m along strike to the south and 200m to the north, and at depth. If the Mariners-type model2,4 applies, mineralisation may link to the basalt at depth.
- Four additional anomalous (<1g/t Au) zones occur down-hole, including a 6m anomalous zone at the projected, plunging Darlington mineralisation trend and a 16m anomalous zone at the targeted basalt contact3.
- NSD057 intersected the targeted basalt at 276m (120m south of the previous intercept in NSD053(3) and remains open to the south and at depth). The sediments-basalt contact is moderately altered but is cut by a late fault on the contact, potentially faulting out the planned target horizon3.
Figure 1 NDS057 – approx. 108.20m – gold (circled). A multiple-phase hydrothermal siliceous breccia includes multiple blebs of visible gold. scale bar in cm’s. See also ASX:NSM 19 Mar 25).
Executive Director Campbell Olsen advised:
“The results from NSD057 have not disappointed, returning an exceptional, high-grade gold intercept at very shallow depth - 84m vertical – where visible gold was identified in the drill core (ASX:NSM 19 Mar 25). We now interpret strong parallels – geology, mineralisation, grade and structure – to the historic Mariners Lodes at Stawell, 6km to the south and are focused on how this exciting result fits into our existing understanding of the Stawell Corridor mineralisation. We’ve explored against a Mariners structural model for some time, anticipating structurally-controlled mineralised splays from the deeper basalts into the overlying sediments – but had not anticipated a possible repeat of Mariners high-grade gold tenor.
Importantly, the Stawell Corridor is not characterised by high-grade gold, with all published resources in the corridor having grades <5 g/t Au. The intercept in NSD057, if proven to be part of a larger, coherent mineralised zone, has potential to focus some of the strong interest in high-grade Victorian gold systems to western Victoria. There is precedent – the “original” Mariners Mines above the Stawell Mine include historic production of up to 0.95Moz Au at 30g/t Au (ASX:NSM 15 Apr 25).
We are excited to follow up on this result – the target is open in all directions. Also, the very shallow depth gives the exploration team a range of geophysical, geochemical and drilling techniques to quickly expand understanding and refine the target in a cost effective manner.”
Click here for the full ASX Release
This article includes content from North Stawell Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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15h
Juniors Gain Momentum as Gold Price Surges
As the gold price continues its upward trajectory, investors are turning their attention to junior exploration companies poised to capitalize on this bullish trend.
The gold price has reached unprecedented levels in 2025, with spot gold peaking at US$3,495.65 per ounce on April 22nd. This surge has been attributed to a combination of factors, including inflationary pressures, central bank demand and geopolitical tensions.
For junior exploration companies, these elevated prices present transformative opportunities, reshaping project viability and investor appeal.
What's driving the price up?
The gold market is experiencing a perfect storm of macroeconomic factors that are propelling prices higher. Persistent inflation, increasing central bank demand and current geopolitical dynamics are the primary drivers.
Inflation, traditionally seen as a catalyst for gold investment, continues to erode the purchasing power of currencies worldwide. This economic environment has led many investors to seek the safety of gold as a hedge against inflation. According to recent analysis, sustained inflation is particularly favorable for gold, as it often prompts investors to flock to the precious metal during such economic conditions.
Central banks have also played a crucial role in driving up the gold price. There has been a notable increase in gold purchases by these institutions as they seek to diversify their reserves in response to economic uncertainties. This shift toward gold amid rising inflation and economic volatility has contributed significantly to the recent rally.
Geopolitical tensions continue to bolster gold's appeal as a safe-haven asset. Recent events in various global hotspots have resulted in increased demand for gold, with reports highlighting that strong demand driven by geopolitical pressures has supported a significant increase in the gold price.
Unlocking value in juniors
Junior exploration companies often serve as high-beta gold plays, offering investors the potential for outsized returns in a rising gold price environment. As the gold price increases, these early stage companies can experience significant valuation uplifts.
For instance, a rising gold price lowers cut-off grades for projects, effectively increasing the size of economically viable resources. This can lead to substantial increases in the net present value (NPV) of a project, often disproportionate to the rise in the gold price itself. For investors, this means that a relatively small increase in the gold price can result in a much larger percentage gain in the value of a junior mining stock.
Additionally, as the gold price rises, there's often renewed investor and institutional appetite for early stage exposure in the sector. This increased interest can lead to improved liquidity and higher valuations for junior explorers. According to market analysts, junior miners often thrive in gold bull markets, as evidenced during previous upcycles.
One of the most significant impacts of a rising gold price is the potential to breathe new life into projects previously considered marginal or too early stage. As the economics of these projects improve, companies may revisit and update their economic studies, potentially leading to a re-rating of the company's value.
For projects at the preliminary economic assessment( PEA) or PEA+ stage, a higher gold price can dramatically improve key metrics such as internal rate of return (IRR) and payback period. This can make projects more attractive to investors and potential partners or acquirers. Updated economic studies that reflect these improved metrics often serve as catalysts for share price appreciation.
Moreover, a rising gold price can justify increased exploration budgets, allowing companies to expand known resources or discover new ones. This can lead to resource updates that further enhance a project's value proposition.
GMV Minerals: Positioned for upside
In this current bullish gold market, GMV Minerals (TSXV:GMV,OTCQB:GMVMF) emerges as a compelling investment opportunity. This US-based junior gold development company boasts a clean setup and significant rerate potential, primarily due to its flagship Mexican Hat project in southeast Arizona.
The Mexican Hat project's current mineral resource estimate shows an inferred resource of 688,000 ounces of gold at an average grade of 0.58 grams per metric ton. This open-pit, heap-leach profile demonstrates impressive metallurgical recoveries of approximately 95 percent. GMV's choice of heap leaching as the primary extraction method is strategic, offering lower capital investment and operating costs, a rapid payback period and a minimal environmental footprint. These factors contribute to the project's favorable economics and environmental considerations.
The project’s PEA, completed in December 2020, used a conservative base case gold price of US$1,600. Given the current market dynamics, GMV is taking proactive steps to update its economic projections, including revised cashflow models using current gold prices and inflation-adjusted costs.
While an updated PEA is anticipated in mid 2025, internal modeling numbers provided by the authors of the original PEA (not NI 43-101 compliant) using a gold price of US$3,080 suggest remarkable potential, according to the company’s president and CEO, Ian Klassen. At this price point, the project could achieve a 93 percent IRR and a discounted NPV of US$626 million. This projection is particularly striking when compared to GMV's current market capitalization of approximately C$10 million, highlighting the company's potential for significant value appreciation.
GMV is also engaged in strategic discussions with mid-tier producers to secure equity investments. These potential partnerships could prove invaluable, enabling drilling activities without diluting shareholder value while involving credible strategic partners in the project's advancement.
The company is planning an ambitious 7,300 meter drilling program comprising 35 to 38 holes, with the goal of upgrading the resource from inferred to measured and indicated status. This crucial step paves the way for a feasibility study, addressing the fact that the original holes were drilled in the late 1980s and predate NI 43-101 standards.
Looking ahead, GMV's strategic roadmap is clearly defined. The company is focused on updating the PEA, solidifying strategic partnerships, completing the twinning program and progressing towards feasibility. The ultimate goal is to position the Mexican Hat Project for a potential exit, capitalizing on the current favorable gold market conditions.
As gold continues its upward trajectory, GMV Minerals presents an intriguing opportunity for investors seeking exposure to junior gold developers with significant upside potential.
What investors should watch for
For investors looking to capitalize on the potential of junior exploration companies in a rising gold price environment, several key indicators are worth monitoring:
- Defined resources: Companies with established resources are better positioned to quickly advance projects and attract investment.
- Jurisdictional stability: Projects located in politically stable and mining-friendly regions reduce geopolitical risks.
- Strong financial position: A clean balance sheet and prudent capital management enable companies to navigate market fluctuations effectively.
- Active development plans: Companies actively advancing their projects demonstrate commitment and readiness to capitalize on favorable market conditions.
Investor takeaway
In conclusion, the current gold market presents a golden opportunity for investors to gain exposure to junior exploration companies. By understanding the macroeconomic drivers of gold prices, recognizing the leverage potential of juniors and identifying key indicators of success, investors can position themselves to potentially benefit from this bullish cycle in the gold market.
As always, investors should conduct thorough due diligence and consider their risk tolerance before making investment decisions in the junior mining sector.
This INNSpired article is sponsored by GMV Minerals (TSXV:GMV,OTCQB:GMVMF). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by GMV Minerals in order to help investors learn more about the company. GMV Minerals is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with GMV Minerals and seek advice from a qualified investment advisor.
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19h
Gold Price Hits New Record, Touching US$3,500 for First Time
The gold price reached yet another record high on Tuesday (April 22), hitting US$3,500 per ounce.
In trading on Monday (April 21), the precious metal surged past the US$3,400 mark; it then briefly touched US$3,500 early on Tuesday morning before settling in the US$3,425 to US$3,450 range.
Gold has been on the rise all year, with the latest boost coming after US Federal Reserve Chair Jerome Powell spoke at the Economic Club of Chicago on April 16. In his remarks, he said he expects US President Donald Trump's tariff policy to negatively impact American economic growth and further fuel inflation in the country.
Gold's momentum was boosted in the following days as Trump made his own statements suggesting he is seeking ways to remove Powell as the head of the US central bank. However, the Fed operates at arm's length, and it would require an act of Congress to remove Powell from his post. Powell's term is set to expire in May 2026.
As gold soared, the US dollar sank to its lowest point in three years, falling as low as 97.95 points.
Gold price chart, April 15 to 22, 2025.
Chart via the Investing News Network.
Gold has soared in recent weeks amid the chaos caused by Trump's tariff announcements on April 2.
Those measures included a 10 percent tariff on all but a handful of countries, including Canada and Mexico, with more severe reciprocal tariffs to come into effect later on. However, on April 9, Trump announced he would pause the additional tariffs for 90 days, saying more than 70 countries had contacted him to make deals.
Trump may have been feeling pressure from economic advisors as a surge in treasury yields signaled a potential economic crisis brewing in the US bond market. Normally a safe haven during market volatility, the bond market saw a significant selloff as US tariffs and worries about the US economy's stability spooked traders.
Although the pause gave most countries some breathing room, tariffs against China were left on the table. After much back and forth, US tariffs levied against China have now increased to 145 percent.
The net effect of Trump's actions has been political and financial turmoil, sparking selloffs in major stock markets and pushing prices for safe-haven assets like gold to fresh records.
Additionally, China, Japan and South Korea agreed on March 30 to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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20h
Black Cat Pours First Gold at Lakewood Processing Facility
Black Cat Syndicate (ASX:BC8,OTC Pink:BLCAF) has successfully poured first gold at its recently purchased Lakewood processing facility, marking a key milestone for the company.
The pour took place on April 16, with 757 ounces of gold produced at the site.
The Lakewood facility, acquired by Black Cat on March 31, is located 6 kilometres southeast of Kalgoorlie, Western Australia, and within 40 kilometres of Black Cat’s fully owned Kal East gold operation.
Processing began on April 1, immediately after Black Cat took possession of Lakewood. Since then, the company has hauled 60,000 tonnes of ore from Kal East's Myhree open pit to the processing facility.
“The commencement of processing through Lakewood has started well with throughputs, grade and recoveries all above expectation,” said Black Cat Managing Director Gareth Solly.
Unreconciled production comes to 42,000 tonnes at 2.1 grams per tonne (g/t) gold for 2,740 ounces produced. According to Black Cat, throughput of up to 1.2 million tonnes per annum was achieved.
Mining activities at Kal East are ongoing, as is underground drilling at Black Cat's Paulsens gold operation.
Kal East achieved its first gold pour in October 2024. The site currently holds a JORC-compliant mineral resource of 18.8 million tonnes at 2.1 grams per tonne gold for 1,294,000 ounces.
Black Cat acquired Paulsens in 2022, after it was placed on care and maintenance in 2017. Between 2005 and 2017, the underground mine produced 907,244 ounces at 7.3 g/t gold for an average of 75,000 ounces annually.
Paulsens is located in the Ashburton Basin in the Eastern Pilbara region.
Black Cat also owns the Coyote gold operation, which is recognised as the only gold-processing facility in the Western Tanami region. Coyote has a JORC mineral resource of 3.7 million tonnes at 5.5 g/t gold for 645,000 ounces.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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20h
WIN Metals Updates Butchers Creek Gold Resource, Plans to Advance Development
WIN Metals (ASX:WIN)will now advance toward developmental studies for its Butchers Creek gold project.
The company released an updated mineral resource estimate for the asset on April 16, saying it now stands at 5.23 million tonnes at 1.91 grams per tonne (g/t) gold for 321,000 ounces of gold.
The project's indicated resource has increased by 86 percent, coming in at 3.58 million tonnes at 2.24 g/t gold for 258,000 ounces of gold. The inferred category holds 1.66 million tonnes at 1.18 g/t gold for 63,000 ounces of gold.
Butchers Creek is located in the East Kimberley region of Western Australia and historically produced at least 52,000 ounces of gold. According to WIN, open-pit mining took place at the site between 1995 and 1997.
WIN acquired Butchers Creek from Meteoric Resources (ASX:MEI,OTC Pink:METOF) in late 2024. According to the company, it hosts numerous high-order drill targets from over 60 known gold occurrences.
After taking ownership of the property, WIN launched an exploration program. In its December quarterly report, the company announced the completion of 7,200 metres of reverse-circulation drilling across 25 holes.
Speaking about the updated resource for Butchers Creek, WIN Managing Director and CEO Steve Norregaard said it will allow the company to move forward with development studies while drilling other "high-priority, high-grade targets."
"With readily accessible mineralisation located immediately below the shallow open pit amenable to low-cost open pit mining methods, the opportunity to monetise this asset in the current high gold price environment is now an imperative," he noted. WIN plans to enhance Butchers Creek's resource base via work at the Golden Crown area.
Originally a nickel-focused company, WIN pivoted toward gold following a decline in nickel prices.
The company sees long-term value in its Mount Edwards nickel project in Western Australia, but said nickel prices may need to reach US$20,000 per tonne again before it resumes active exploration and development.
In August 2024, WIN sold its nickel, lithium and other associated metal rights within the Munda gold project to Auric Mining (ASX:AWJ), saying it would net a minimum of AU$1.2 million.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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