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Silver Mountain Resources Inc V.AGMR

Alternate Symbol(s):  AGMRF | V.AGMR.WT.A | V.AGMR.WT.B

Silver Mountain Resources Inc. is a silver explorer and mine developer company. The Company is engaged in re-starting the production at the Reliquias underground mine and undertake exploration activities at its highly prospective silver camps at the Castrovirreyna Project (the Project) located in Huancavelica, Peru. The Company, through its subsidiary Sociedad Minera Reliquias S.A.C (AGMR Peru) owns a 2,000 tons per day (tpd) processing plant, an operating tailings dam, and over 41,000 hectares (ha) of mining concessions. The Company targets the acquisition of mining concessions for exploration, exploitation, extraction, and processing of various types of minerals with a special focus on precious metals. The Reliquias Block consists of over 20,000 hectares of highly prospective mineral concessions surrounding the Reliquias and Caudalosa mine. The Reliquias underground mine is located 10 km southwest (SW) from the existing processing plant.


TSXV:AGMR - Post by User

Post by Traderstock101on Jun 27, 2024 9:11am
134 Views
Post# 36108609

Silver Mountain files Reliquias NI 43-101 report

Silver Mountain files Reliquias NI 43-101 report

2024-06-26 11:03 ET - News Release

 

Mr. Alvaro Espinoza reports

SILVER MOUNTAIN FILES NI 43-101 TECHNICAL REPORT FOR PREVIOUSLY ANNOUNCED PRELIMINARY ECONOMIC ASSESSMENT FOR THE RELIQUIAS MINE

Silver Mountain Resources Inc. has filed an independent technical report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, supporting the previously announced preliminary economic assessment for the company's 100-per-cent-owned Reliquias mine in central Peru.

The technical report entitled "NI 43-101 Technical Report: Preliminary Economic Assessment, Reliquias Mine" dated June 4, 2024 and with an effective date of May 15, 2024 is available on SEDAR Plus (www.sedarplus.ca) under the Company's issuer profile and will be posted on Silver Mountain's website at www.agmr.ca. The Company is pleased to report there are no material differences between the key results, assumptions and estimates contained in the news release dated May 15, 2024, and the content of the technical report filed today.

On Behalf of the Board of Directors of Silver Mountain Resources Inc.

Alvaro Espinoza, Chief Executive Officer

About Silver Mountain

Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production at the Reliquias underground mine and undertake exploration activities at its prospective silver camps at the Castrovirreyna Project in Huancavelica, Peru.

For additional information in respect of the Castrovirreyna Project, please refer to the Company's technical report, titled NI 43-101 Technical Report: Preliminary Economic Assessment, Reliquias Mine, dated June 4, 2024, effective date May 15, 2024, available at https://sedarplus.ca.

For further information about our drill program, including cross sections of the main veins with drill hole locations, please refer to our corporate presentation, available on our website at www.agmr.ca

Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns 100% of its concessions and holds more than 60,000 hectares in the district of Castrovirreyna, Huancavelica, Peru.

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