Silver47 Exploration Corp. (the “Company”) has revealed plans to start trading on the TSX Venture Exchange (TSX-V) under the ticker symbol “SVNT. The company has embarked on this endeavor with the aim to expand the reach of their business within Canada’s capital markets while increasing awareness and visibility of their initiatives among investors.
As Silver47 steps into the TSX-V, it brings into focus the collaboration between Silver47 and Kootenays Silver Inc. The two companies have entered into a Property Option Agreement for the creation of two Peru-based projects: the Caracoles and Princesa projects. A brief description of both projects provides a clear understanding of their value and the scope of work involved.
Caracoles Project
The Caracoles Property is an exploration project geared towards silver and copper. The project is located in the prolific mining area of southern Peru and covers approximately 2,000 hectares. The site features a significant number of samples rich in copper and silver, presenting a promising outcome for this Project.
The distinctive geological characteristics of the structure include large-scale alteration signatures. The mineralized system features silver and copper grades that tend to increase in correlation with the density of the structure. The samples from the Caracoles Project indicate potential for a high-grade metal deposit in future exploration activities.
Princesa Project
The Princesa Project is situated in the Puno Orogenic Gold Belt, a region known for its rich allocation of gold deposits. Covering approximately 900 hectares, the Princesa Project presents an exploration target of polymetallic (silver-lead-zinc) massive sulphide and silver-gold mineralization.
The Princesa project has three known mineralized zones, namely the Princesa, Purificada, and Minima. These areas contain significant silver mineralization and several samples have shown a strong prominence of polymetallic veins and breccias. The veins identified are predominantly silver, with secondary lead and zinc, paving the way for potential sizeable-scale mining operations.
Silver47’s strategic shift to a TSX Venture Exchange listing will facilitate broader market exposure and investor interaction. With the Caracoles and the Princesa projects under their belt, the company is poised to create significant value for their shareholders. As the company embarks on further exploration activities, a promising future lie in store for Silver47.
As per Silver47’s principles, the company’s commitment to responsible and environmentally friendly mining methods remains significant. Their strategies are designed to deliver a successful exploration program while ensuring minimal disruption to local environments and communities. This reinforces their commitment to responsible exploration and the creation of lasting partnerships with their stakeholders.
In sum, Silver47’s transition to the TSX-V is a considerable milestone in its corporate history. With their promising exploration projects, it is highly likely that this move will further attract investors and foster a wider market presence. The Company’s commitment to aligning strategic goals with environmental and community stewardship is proof of its holistic approach and commitment to sustainable growth.