Rio Silver Acquires the Minas Maria Norte Project in a Prolific Mining District in Southern Peru  

Rio Silver Acquires the Minas Maria Norte Project in a Prolific Mining District in Southern Peru  

 

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC: RYOOF) announces that it has signed a definitive agreement for the acquisition of the Minas Maria Norte (" Maria Norte " or the " Property ") high grade polymetallic silver, exploitation exploitation property, from Peruvian Metals Corp. ("Peruvian") (TSX-V PER) being subject to regulatory approval.

 

The Property is located in Southern Peru in the historic Huachocolpa Mining District, Municipality of Huancavelica. The Property has been held by Peruvian for the past 18 years adjacent to significant silver production with announced world class expansion plans. Previous exploration campaigns by Peruvian shows that the property hosts many polymetallic veins with significant gold credits. Located in the heart of the prolific Huachocolpa Silver District, environmentally friendly hydro power, good infrastructure, labor and logistical support is available.

 

Two significant mineral processing flotation plants operate nearby: Compañia Minera Kolpa plant at 1440 tonnes per day and SilverX Mining's ("SilverX") plant called Recuperada at 720 tonnes per day These plants are located 8 km and 13 Km respectively from Maria Norte. In addition, SilverX's Tangana Mining Unit which is part of their Nueva Recuperada project is currently in production and is located 2.5 km to the southwest of Maria Norte. It appears that the sub-parallel mineralized structures on Maria Norte are similar to the mineralized structures on the Tangana Mining Unit. SilverX completed a Preliminary Economic Assessment of the area and is published on Sedarplus in April 2023.

 

The Maria Norte property is 368 hectares in size covering numerous, Au-Ag-Zn-Pb veins that display evidence of historic artisanal exploitation. Five gold-bearing polymetallic structures were mapped by the Company's geologists and remain open along strike. The lengths of the structures as currently mapped are 40 to 400 meters with variable widths from 0.15 to 4 meters and occur in a vein corridor nearly 600 meters wide

 

The main structure at Maria Norte, the Castorindo Zone, has provided the highest-grade gold values from within the land package, having five samples ranging in width from 0.18 to 0.70 meters and assaying 13.5 to 40.3 grams per tonne gold along with 162.9 to 1,128 grams per tonne silver. High-grade silver (1,848 grams per tonne) was also encountered at the Jess structure on a sample 0.3 meter in width. Other veins not yet mapped include five samples with widths of 0.2 to 0.7 meters with gold values ranging from 0.89 to 1.55 grams per tonne, silver values ranging from 82.8 to 682 grams per tonne, and up to 4.3 per cent zinc and 9.7 per cent lead.

 

Also included in the acquisition is a small, isolated concession covering 33 hectares south of Maria Norte main concession block. Sampling and mapping by Peruvian's geologists identified a mineralized structured believed to be a small portion of the principal vein structure known as Tangana West, a component of the SilverX Mining Corp.'s Nueva Recuperada Project, Huancavelica.

 

  Acquisition Terms  

 

 Rio Silver will acquire from Peruvian its wholly own Peruvian subsidiary which holds the concessions. Consideration includes a cash downpayment of $15,000 CDN and the issuance of 15 million Rio Silver common shares and 5 million warrants. The warrants will have a strike price of CAD $0.05 per share and an exercise period of 2 years. Cash payments totaling US$250,000 will be also payable over a 5 year period. A net smelter royalty will be granted Peruvian in an amount equal to 1.5%, after subtracting the Minimum Royalty Payments semi-annually.

 

 Rio Silver CEO Chris Verrico stated, "We are very excited for the potential of Maria Norte to drive shareholder value enabling the Company to re-direct its focus to the pursuit of near term cash flow potential and the prospect of significant organic growth, strategically made possible in the very important Huachocolpa Mining District.

 

Maria Norte is directly adjacent to and on trend with active mine production with demonstrated world class silver potential that speaks volumes for the Company's expectations for advancement towards sustainability.

 

We believe that this acquisition and it's potential development will be aided by the Company's other royalty streams and is well supported by Peru's unique small mines permitting regime which can accelerate the initial development. We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies and continued growth, as is currently evident by the tremendous investment being witnessed, throughout Peru."

 

We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies ensuring continued growth and opportunity throughout Peru.

 

   About Rio Silver   

 

 Rio Silver is a resource company that has been selectively identifying and acquiring precious metal assets that are anticipated to produce near term cashflow to best assist the Company's exploration / development plans, in a non-dilutive, shareholder friendly way.

 

Jeffrey Reeder, P.Geo., a qualified person as defined in National Instrument 43-101, has supervised the preparation, and approved the scientific and technical disclosure contained in this news release.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

 

For further information,

 

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com  
Website: www.riosilverinc.com  

 

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the completion of the Acquisition, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

  Primary Logo 

 

 

News Provided by GlobeNewswire via QuoteMedia

RYO:CA
Rio Silver

Rio Silver Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Rio Silver

Rio Silver


Keep reading...Show less

Leveraging 25 years of mining experience in Peru

Rio Silver to Complete 5:1 Consolidation

Rio Silver to Complete 5:1 Consolidation

 

Rio Silver Inc. (the "Company" or "Rio Silver") (TSX.V: RYO) (OTC: RYOOF) announces that, further to the announcement on May 1, 2025, it will consolidate (the "Consolidation") its common shares on the basis of five pre-Consolidation common shares for one post-Consolidation share.

 

The Company expects that the TSX Venture Exchange (the "Exchange") will issue a bulletin in short order, confirming that the Company's common shares will then commence trading on a post-Consolidation basis effective on or about the opening of trading on Thursday, July 3, 2025. There will be no change to the Company's name or trading symbol. The new CUSIP and ISIN numbers for the post-Consolidation shares are 76721A113 and CA76721A1131, respectively.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Rio Silver Announces Results of Annual General Meeting, Amends Purchase Agreement for Maria Norte

Rio Silver Announces Results of Annual General Meeting, Amends Purchase Agreement for Maria Norte

 

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC: RYOOF), announces shareholder approval for all matters at the AGM.

 

All resolutions presented at Rio Silver's annual general held on Thursday, June 19, 2025, including the election of directors, the ratification of the appointment of its auditor for the year ended December 31, 2024, the reappointment of its current auditor, the reapproval of the company's equity incentive plan and the approval for a share consolidation on a one-new-for-5-old basis. The name of the company has not been changed.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Rio Silver Receives Conditional Approval for Acquisition of Mamaniña Exploraciones S.A.C.

Rio Silver Receives Conditional Approval for Acquisition of Mamaniña Exploraciones S.A.C.

 

Rio Silver Inc. (the "Company") (TSX.V: RYO) (OTC: RYOOF) announces that, further to its announcement on March 26, 2025, it has received from the TSX Venture Exchange (the "Exchange") conditional acceptance (the "Conditional Approval") of the proposed transaction (the "Transaction") with Peruvian Metals Corp. for the acquisition of Mamaniña Exploraciones S.A.C.

 

The Company is working to satisfy the remaining conditions outlined in the Conditional Approval and will be making further announcements in respect thereof including without limitation the geological report prepared in accordance with National Instrument 43-101 and other items. The Transaction remains subject to the Exchange's final acceptance.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Rio Silver completes Definitive Agreement for the sale of Ninobamba, announces planned restructuring

Rio Silver completes Definitive Agreement for the sale of Ninobamba, announces planned restructuring

 

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC: RYOOF), announces that it has completed a definitive agreement (the "Option Agreement") with Magma Silver Corp. (TSX.V: MGMA) ("Magma Silver") for the sale (the "Transaction") of the Niñobamba Au-Ag property ("Niñobamba" or the "Project").

 

Under the terms of the Option Agreement, Magma Silver has the right to earn a 100% interest in the Project upon full exercise of the option. The Option Agreement requires Magma Silver to make payments of an aggregate CAD$260,000, of which CAD$160,000 of that amount has been paid. Magma Silver will make further milestone payments of up to US$2,000,000, US$500,000 of which will constitute advanced royalty payments and will be paid over the next five years, deductible from the net smelter return royalty of 2% granted to Rio Silver. Magma Silver retains the right to buy back 1% of the NSR for US$1,000,000 at any time prior to commercial production on the Project. The Option Agreement also requires Magma Silver to issue to Rio Silver a total of 2,500,000 common shares of Magma Silver upon receipt of regulatory approval, and a further 2,500,000 common shares on the first anniversary of the approval date.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Rio Silver Pivots to High-Grade Silver Exploration / Exploitation - Announces Executive Changes

Rio Silver Pivots to High-Grade Silver Exploration / Exploitation - Announces Executive Changes

 

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC: RYOOF) announces that it has appointed Eric H. Hinton, P.Eng., FCIM, to the Advisory Board.

 

Eric H. Hinton, P.Eng., FCIM, has degrees from Haileybury School of Mines, Queen's University and Laurentian University and is a registered professional engineer in Ontario and Manitoba. Eric is a Fellow of the Canadian Institute of Mining, Metallurgy and Petroleum and is also designated as a Qualified Person in underground mining from the Mining and Metallurgical Society of America in addition to a qualified person for National Instrument 43-101. Eric's experience in small scale mining operations (from 50 to 500 tonnes per day) led him to acquire Basic Minerals SAC in Peru to launch the Mercedes Project which will become a 25000 tonne per annum polymetallic producer. His expertise will enable Rio Silver to engage in projects similar to Mercedes such as the recently acquired Maria Norte project, also in Peru, in order to potentially realize positive cashflow in the short term.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Chairman Kal Malhi and CEO Paul Ténière of LaFleur Minerals Inc.

IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Chairman Kal Malhi and CEO Paul Ténière of LaFleur Minerals Inc.

 

Via IBN IBN a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The MiningNewsWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels.

 

The MiningNewsWire Podcast features revealing sit-downs with executives who are shaping the future of the global mining industry. The latest episode features Chairman Kal Malhi and CEO Paul Ténière of LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) , a Canadian exploration and development company focused on gold assets in Québec's Abitibi region.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Maritime Commences Construction at Hammerdown, Adds to Technical Team

Maritime Commences Construction at Hammerdown, Adds to Technical Team

Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) ("Maritime" or the "Company") is pleased to provide an update for the Hammerdown Gold Project, located in the Baie Verte mining district of Newfoundland and Labrador ("Hammerdown"), near the towns of King's Point and Springdale, including its Pine Cove milling facility located near the towns of Baie Verte and Ming's Bight.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Drill Program Planning at Flagship Mosseau Project in Quebec is Complete: Regional Exploration Plans at Labelle and Urban Barry Properties Commissioned

Drill Program Planning at Flagship Mosseau Project in Quebec is Complete: Regional Exploration Plans at Labelle and Urban Barry Properties Commissioned

 

(TheNewswire)

 
  
 Harvest Gold Corporation
 
 

Vancouver, British Columbia TheNewswire - July 24, 2025 ‑ Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (" Harvest Gold " or the " Company ") is pleased to announce that it has completed all aspects of preparation for a diamond drilling program slated to begin in early August 2025 at its 100%-owned Mosseau Gold Project in the Abitibi Greenstone Belt, Quebec (Figure 1). This follows an extensive regional data compilation, high-resolution magnetic survey, and encouraging results from recent fieldwork, including reconnaissance mapping, prospecting, soil sampling.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Freegold Significantly Upgrades and Expands Resources at Golden Summit

Freegold Significantly Upgrades and Expands Resources at Golden Summit

 
 
  •   2024's drill program was highly successful at converting Inferred resources, upgrading and expanding Indicated resources – meeting the key objectives and providing a foundation for Pre-Feasibility activities.  
  •  
  •   Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au, a 42% increase in ounces and 15% grade increase from our Sept/24 resource estimate.
  •  
  •   Inferred Primary Mineral Resource: 11.9 Moz at 1.04 g/t Au, a 11 % increase in ounces, at the same grade
  •  
  • Cut-off grades are unchanged at 0.50 g/t Au.
  •  
  •   The 2025 Program will consist of infill and expansion drilling. Infilling is expected to continue the trend of enhancing grade and ounces, while converting Inferred Resources to Indicated Resources.
  •  
  •   Ongoing Metallurgical Work has demonstrated >90% recoveries with sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process™. Additional test work is ongoing for these and conventional processing methods.
  •  
 
 
 

   2025 PROGRAM   

 
  •   Drilling in progress with four rigs, 30,000m planned.

       Conversion of inferred resources into indicated & further exploration drilling.

     
     
  •  
  •   Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource
    .
     
  •  
  •   Commencement of a Pre-Feasibility Study (PFS) in late 2025.  
  •  
 
 

 Freegold Ventures Limited (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) ("Freegold" or the "Company") is pleased to announce an updated mineral resource estimate ("MRE") for its Golden Summit Project, located near Fairbanks, Alaska . In line with the results from our 2023 drill program, the 2024 program has significantly increased the number of ounces and improved Indicated grades, all while maintaining finding costs below US$4 per ounce. This new estimate incorporates data from drilling conducted in 2024 and includes metallurgical recoveries from our extensive metallurgical program. This represents another critical milestone in our ongoing exploration and development efforts.

 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Walker Lane Resources Ltd. Announces Closing of Private Placement

Walker Lane Resources Ltd. Announces Closing of Private Placement

 

Walker Lane Resources Ltd. (TSX - V: WLR) (F r ankfurt:6YL ) ("WLR" o r t h e " Comp a ny") is pleased to announce, further to its news releases of June 10, 2025, that it has received TSX Venture Exchange approval to close the non-brokered private placement (the " Private Placement "). On July 23, 2025, the Company issued 2,508,335 non-flow through Units (each a " NFT Unit ") at a price of $0.12 per NFT Unit, for gross proceeds of $301,000, and 607,143 flow-through Units (each a " FT Unit ") at a price of $0.14 per FT Unit, for gross proceeds of $85,000, for aggregate gross proceeds of $386,000. Each NFT Unit is composed of one common share and one common share purchase warrant (each whole warrant, a " NFT Warrant "). Each FT Unit is composed of one common share and one common share purchase warrant (each whole warrant, a " FT Warrant "), each NFT Warrant and each FT Warrant are exercisable for two (2) years at $0.16 per common share.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NevGold Announces Up to 92% Antimony Recovery From Positive Metallurgical Testwork Program at Oxide Gold-Antimony Limo Butte Project in Nevada

NevGold Announces Up to 92% Antimony Recovery From Positive Metallurgical Testwork Program at Oxide Gold-Antimony Limo Butte Project in Nevada

 

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce extremely positive antimony ("Antimony", "Sb") metallurgical testwork results at its oxide gold-antimony Limousine Butte Project (the "Project", "Limo Butte") in Nevada, one of the world's prolific mining jurisdictions.

 

The positive antimony metallurgical recovery results, that have minimal to no impact on gold recoveries, are a key development in unlocking the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Rio Silver

Rio Silver Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×