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Mantaro Precious Metals ( (TSE:FAS) ) has issued an update.
First Andes Silver Ltd., a company focused on silver exploration, has announced the acquisition of three silver-focused exploration licenses in New South Wales, Australia. These licenses, located in the mineral-rich Lachlan Orogenic Belt, include the Carrington, Stoney Creek, and Dartmoor projects, which cover a total area of approximately 454 km². The acquisition aligns with First Andes’ strategy to expand its exploration opportunities while maintaining its primary focus on the Santas Gloria Silver Project in Peru. The projects offer high-grade historic silver and gold results and diverse deposit styles, providing a cost-effective exploration pipeline that could enhance shareholder value.
More about Mantaro Precious Metals
Average Trading Volume: 226,342
Technical Sentiment Signal: Hold
Current Market Cap: C$7.48M
See more insights into FAS stock on TipRanks’ Stock Analysis page.