TSXV – AGAG
VANCOUVER, BC, Jan. 6, 2025
/CNW/ - Argenta Silver Corp. (TSXV: AGAG) ("Argenta" or the
"Company") is pleased to announce the commencement of its 2025
exploration program at the El Quevar Project, located in
Salta Province, Argentina. The program marks a pivotal step in
advancing the Quevar South area, where the current Mineral Resource
is located.
Highlights:
- Preparatory Work Completed: Roads, camp, and
infrastructure fully rehabilitated and ready to support the 2025
exploration program; a highly skilled team has been assembled.
- Exploration Program Commencement: A 2-phase exploration
program at El Quevar is underway. Phase 1 focuses on surface
exploration, detailed mapping, data validation, re-logging, and
advanced studies. Phase 2 will target high-priority areas for
drilling.
- Inauguration Ceremony: A sacred ritual led by spiritual
leaders marked the program's inauguration, showcasing Argenta's respect for local traditions and
commitment to community engagement.
- Focused on Growth: Argenta remains dedicated to delivering
shareholder value by advancing El Quevar and actively pursuing
high-potential silver assets in Latin
America.
Preparatory work for the program has been completed, including
the rehabilitation of roads previously obstructed due to lack of
maintenance. The camp has been fully reconditioned and prepared to
support the program. Key facilities, such as fire safety systems,
kitchen and nursery facilities, high-speed satellite internet, and
core-logging areas, have been repaired, upgraded, or renewed as
necessary, ensuring a functional and reliable operational base for
the planned activities.
The 2025 exploration program at Quevar South is structured into
two phases. Phase 1, which commenced on January 3, 2025, focuses on detailed surface
sampling, specialized mapping, and the validation of historical
logging information. This phase includes re-logging at least a
quarter of all the meters of historical drilling, modernization of
the geological database, and unification of coding systems for
lithologies, structural data, mineralization, geochemistry, and
mineralogy. Additionally, cutting-edge studies of alteration
minerals using TerraSpec and Halo technologies are planned, and
particular attention on relogging existing drill core from an oxide
zone will be given due to its potential economic interest. The
primary objective of Phase 1 is to achieve a refined geological
understanding through reinterpretation and remodeling of historical
and new data.
Phase 2 will involve drilling the targets identified during
Phase 1. This phase aims to enhance the value of the existing
Mineral Resource by focusing on areas of high potential identified
through the updated geological understanding. Phase 2 is
anticipated to commence during Q2 2025, contingent on the results
obtained during Phase 1.
"All of our effort and commitment in Argentina is focused on unlocking the
significant potential of the El Quevar project," stated Joaquin
Marias, Vice President of Exploration and Development at Argenta
Silver Corp. "We are proud to embark on this journey with a highly
skilled team and a clear focus on delivering growth and value."
The El Quevar Project hosts an Indicated Resource of 45.3
million ounces of silver at an impressive grade of 482 g/t Ag and
an Inferred Resource of 4.1 million ounces of silver at a grade of
417 g/t Ag, ranking it among the top three undeveloped silver
deposits in Argentina. Originally
explored extensively between 2008 and 2013 by its previous owner,
the project has since seen only limited and sporadic exploration
activities. Argenta Silver Corp. identified the strategic value of
this exceptional asset and acquired it in late 2024, and the
Company is positioning itself to unlock its full potential.
As part of the program's inauguration, and in line with
Argenta's dedication to community
engagement, spiritual leaders conducted a sacred ritual to bless
the land and seek harmony with the territory, ensuring a respectful
and collaborative approach to exploration.
The Company is committed to its growth strategy, which includes
advancing the El Quevar Project while actively seeking additional
high-potential silver assets in Latin
America to enhance shareholder value.
Joaquin Marias commented, "In less than 60 days since acquiring
the project and resuming trading, we have put together an
experienced team, rehabilitated the camp and roads, established
strong relationships with the local community and government, and
secured all necessary services to commence exploration. The launch
of this program highlights our systematic and disciplined approach
to exploration, leveraging the latest tools and methodologies to
unlock value and drive growth as we step into 2025."
About Argenta Silver Corp.
Argenta Silver Corp. is a focused silver exploration company
committed to advancing projects that support the global energy
transition. Our mission is to create sustainable, long-term value
for shareholders by acquiring and developing high-potential silver
assets in mining-friendly jurisdictions across Latin America. Led by an experienced
management team with deep expertise in exploration, finance, and
project development, Argenta takes
a disciplined, strategic approach to growth. With a strong emphasis
on responsible mining practices, we are well-positioned to meet the
rising demand for silver—a critical metal in renewable energy and
emerging technologies—while building a lasting and successful
company.
Andrew Hamilton, P.Geo., a
"qualified person" as defined by National Instrument 43-101
Standards of Disclosure for Mineral Projects, has reviewed and
approved the scientific and technical information contained in this
news release.
On behalf of Argenta Silver Corp.
"Geir Liland"
Chief Executive Officer
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.
Forward Looking Information
Certain statements and information herein contain
forward-looking statements and forward-looking information within
the meaning of applicable securities laws. Such forward-looking
statements or information include but are not limited to statements
or information with respect to: the El Quevar project. Although
management of the Company believe that the assumptions made and the
expectations represented by such statements or information are
reasonable, there can be no assurance that forward-looking
statements or information herein will prove to be accurate.
Forward-looking statements and information by their nature are
based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements or
information. These risk factors include, but are not limited to:
exploration and development of the El Quevar project may not result
in any commercially successful outcome for the Company; risks
associated with the business of the Company; business and economic
conditions in the mining industry generally; changes in general
economic conditions or conditions in the financial markets; changes
in laws (including regulations respecting mining concessions); and
other risk factors as detailed from time to time. The Company does
not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE Argenta Silver Corp.