VANCOUVER, BC, Oct. 1, 2021 /CNW/ - MANTARO SILVER
CORP. (TSXV: MSLV) (FSE: 9TZ) (the "Company") is pleased
to announce that the Board of Directors of the Company has approved
a change of the Company's name to "Mantaro Precious Metals Corp."
(the "Name Change"). The Name Change better reflects
the Company's diversified portfolio of gold assets in Bolivia and silver assets in Peru.
Dr. Christopher Wilson, CEO of
the Company stated, "Mantaro's Board of Directors felt that the
name change better reflects the Company's portfolio of high-grade
gold and silver projects. Ongoing work at our Santas Gloria and
Golden Hill projects have continued
to prove the significant prospectively of these areas and we look
forward to drill testing these targets in the near future."
Mantaro is actively advancing its projects in Bolivia and Peru:
- Bolivia: Mantaro
is focused on the drill-ready, high grade, orogenic gold deposit at
the Golden Hill Property. An experienced field team is currently
onsite and is focused on advancing known mineralization at La
Escharcha Mine. The team is also conducting a concession-wide
reconnaissance with a focus on over 6 km of regional structures
with gold alluvials.
- Peru: Mantaro has
a very experienced field team sampling and mapping new vein
extensions at the Santas Gloria Silver Property. Recently,
Mantaro was awarded its second archaeology area approval (CIRA) —
which further strengthens the ongoing drill permitting
process. Once mapping and sampling of vein extensions at
Santas Gloria Silver Property are finished, the Mantaro field will
return to reconnaissance mapping of the high-grade San Jose Silver
Project.
Mantaro continues an aggressive review of gold and silver
projects within the region. Not only does the new company
name better reflect corporate strategy, but it also broadens our
mandate from the perspective of project owners.
The company will shortly provide separate update to the market
on recent work completed at the Santas Gloria Silver Property and
Golden Hill Property.
Shareholders will not be required to exchange their existing
share certificates for new certificates bearing the Company's new
name. The name change does not affect the Company's share structure
or the rights of the Company's shareholders, and no further action
is required by existing shareholders. The Name Change is
subject to acceptance of the TSX Venture Exchange.
About Mantaro Silver Corp.
Mantaro Silver Corp. is a British
Columbia company that holds a diversified portfolio of gold
and silver focused mineral properties in Bolivia and Peru. The Company's holds an
option to acquire up to an 80% interest in the advanced Golden Hill
Property ("Golden Hill"), located in the underexplored, orogenic
Bolivia Shield, Bolivia.
The Company also has an 100% interest in high-grade Santas
Gloria Silver Property as well as a 100% interest in the San Jose,
La Purisima, Cerro Luque and
Huaranay Properties (the "Silver Properties"). The Silver
Properties are all located in Peru.
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. The Company cautions that all
forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond the Company's control. Such factors include,
among other things: risks and uncertainties relating to Company's
limited operating history and the need to comply with environmental
and governmental regulations. Accordingly, actual and future
events, conditions and results may differ materially from the
estimates, beliefs, intentions and expectations expressed or
implied in the forward looking information. Except as required
under applicable securities legislation, the Resulting Issuer
undertakes no obligation to publicly update or revise
forward-looking information.
The forward-looking statements contained in this news release
are made as of the date of this news release. Except as
required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Mantaro Silver Corp.
