TSXV – AGAG
VANCOUVER, BC, Jan. 20,
2025 /CNW/ - Argenta Silver Corp. (TSXV: AGAG)
("Argenta" or the "Company") is pleased to announce the
identification of high-priority exploration targets at its
flagship El Quevar Project in Salta
Province, Argentina.
These targets were defined through the analysis and interpretation
of historical geochemical soil sampling data acquired as part of
the El Quevar property, marking a significant step forward in
unlocking the project's potential.
Highlights:
- High-Priority Targets Identified: Argenta Silver Corp.
has identified significant silver and gold anomalies at El Quevar
South area, within its El Quevar Project in Salta, Argentina.
- Exploration Potential: Compelling silver anomaly to the
west and gold anomaly in the southeastern region suggest a larger,
untested mineralized system.
- Expanded Soil Sampling Program: As planned, a
comprehensive surface exploration program is underway to fill gaps
in the existing sampling grid and extend coverage into unsampled,
high-potential areas.
- Strategic Exploration Approach: Enhanced exploration
efforts aim to define drill targets with confidence, combining
geochemical analysis, structural interpretations, and historical
data re-evaluation.
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(1) , 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.
The historical soil sampling data revealed distinct zones of
silver and gold geochemical enrichment across the Quevar South
zone. A well-defined silver anomaly, aligned northwest, corresponds
to the location of the existing Mineral Resource. However, data
processing has highlighted a stronger and more extensive anomaly of
1,850 meters by 600 meters aligned east-to-west. This silver
anomaly shows potential continuity to the west, where no systematic
soil surface sampling has been conducted. Meanwhile, a separate
gold anomaly of 2,750 meters by 1,200 meters has been identified in
the southeastern section of El Quevar South, where sample density
is relatively sparse. The spatial distinction between these two
zones suggests the presence of a well-developed hydrothermal
system, a typical geological feature of extensive productive
areas.
These soil anomalies highlight the potential for a larger
mineralized system at El Quevar. While the silver-rich zone
shows promising continuity, the gold-enriched area opens new
avenues for exploration that were previously underexplored.
Furthermore, both anomalies remain largely untested through
drilling, providing exciting exploration potential.
As planned for Phase 1 of Argenta's exploration program (news released
on January 06, 2025), along with
other operations, a comprehensive surface exploration program at El
Quevar has been initiated. This program will focus on filling gaps
in the existing sampling grid to improve sample density in the
anomalous areas and extending the grid into unsampled regions that
exhibit strong geological potential. The proposed grid for the 2025
exploration program is of 100 by 100 meters spacing between
samples. Key areas targeted for grid expansion include zones to the
west and northwest, where silver anomalies may extend beyond the
current grid, and to the southeast, where further analysis could
enhance the understanding of the gold anomaly.
Joaquin Marias, Vice President of Exploration and Development,
added: "Given that approximately 80% of the historical drilling was
focused on the existing Mineral Resource, the discovery of these
high-potential, largely untested targets is incredibly encouraging.
It reinforces our belief in the untapped potential of El Quevar as
a major epithermal system and motivates us to leverage the wealth
of existing data, directing our exploration efforts toward
unlocking the full scale of opportunity that lies within this
remarkable project."
Argenta remains focused on
advancing El Quevar responsibly, with a firm commitment to
utilizing cutting-edge exploration techniques to refine its targets
and deliver long-term value for stakeholders.
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.
(1) Refer to NI43-101 technical report with effective date of
September 30, 2024, titled "NI 43-101
Technical Report on the Mineral Resource Estimate of the El Quevar
Project Salta Province, Argentina", posted on www.SEDAR.com under
Argenta Silver Corp.
On behalf of Argenta Silver Corp.
"Geir Liland"
Chief Executive Officer
For further information please contact:
Tel: 604.609.6110
Email: info@argentasilver.com or
visit the Company's website at
https://www.argentasilver.com
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.