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An announcement from Mantaro Precious Metals ( (TSE:FAS) ) is now available.
First Andes Silver has reported Phase 1 soil assay results from the northern half of its Santas Gloria silver project in Peru, identifying six coherent silver-in-soil anomalies aligned with mapped intermediate-sulphidation vein corridors at Paquita, Maribel, Rosario, Eulalia and Kelly. The anomalies collectively span about 4.3 kilometers of strike, with silver values commonly in the 5–20 ppm range, a peak of 68.1 ppm and the largest and most intense anomaly at Kelly remaining open to the east.
The company plans to integrate these assay results with WorldView-3 spectral alteration data, detailed structural mapping and future ground geophysics to refine and rank drill targets across the project. A Phase 2 soil program, covering the southern half of Santas Gloria with 1,430 planned samples and including a large zoned alteration cell already mapped by short-wavelength infrared mineral data, is set to begin in March, marking a step toward district-scale target definition and potential advancement to drilling.
More about Mantaro Precious Metals
First Andes Silver Ltd. is a precious metals exploration company focused on silver, with its flagship asset being the 100%-owned Santas Gloria Project in Peru, located about 55 kilometers east of Lima. The company targets intermediate-sulphidation epithermal vein systems and is advancing the project through systematic geochemical, structural and remote-sensing-based exploration to define drill-ready targets.
YTD Price Performance: 17.86%
Average Trading Volume: 395,184
Technical Sentiment Signal: Buy
Current Market Cap: C$14.28M
Learn more about FAS stock on TipRanks’ Stock Analysis page.