Vancouver, British Columbia, September 27, 2024 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS) (OTC:GNYPF) is pleased to announce that it has completed hole No. 5 at 322 feet at the Boston Mine project in Elko County, Nevada where Masivo is targeting its high grade Gold/Copper Skarn deposit. The drill core will be delivered to the certified lab for analysis this week and we expect results in 6-8 weeks.
The commencement of drilling Hole No. 6 will begin early next week where Masivo is targeting a depth of 300 feet. The objective of Hole No.6 is to test the strong historical IP anomalies that are interpreted to reflect sulfide mineralization that is part of the skarn geology. Based upon the results, a decision will be made as to expanding the IP survey over the rest of the property.
Hole No.1 had significant drill intercepts including 55 feet (drilled width) of 0.99% Cu, 1.52 g/t Au and 30.35 g/t Ag starting at 65 feet down hole.
Phase 1 drill program will be between 6-8 holes with the follow up of a Phase 2 Drill Program of an additional 8-10 holes.
The technical team has started discussions on a Phase 2 drill program, several new target areas are being discussed per the assay results on the Phase 1 program, we have not received assay results from Hole 2,3 or 4, but these are expected in the near future.
Masivo holds a $75,000 drill credit in Mexico and is continuing to discuss significant opportunities in Mexico and the USA to compliment the Boston Mine project. The Mexico projects would allow Masivo to drill in the winter months as the Boston mine can be challenging with winter storms.
“We are making great progress drilling here at the Boston mine and looking forward to assay results.” Commented David Coburn, President & CEO of Masivo Silver Corp.
Brian Brewer, PGeo, is Masivo Silver’s qualified person for the company’s project in Nevada and Mexico, and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, September 11, 2024 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS) (OTC: GNYPF) is pleased to announce that it has intersected visible sulfide mineralization on hole No.2, No.3 and No.4 at the Boston Mine, Masivo’s high-grade gold, silver and copper project in “Elko County” in the State of Nevada.
Masivo Silver is in the process of drilling Hole No.5 and the core of holes 2, 3 and 4 has been sent to an independent lab for assaying, the Company in expecting results in the next couple of weeks.
Drilled Hole Depths:
Hole No.2: 456.05 ft.
Hole No.3: 328 ft
Hole No.4: 400 ft
“Hole No.2, 3 and 4 showed us visible sulfide mineralization in their core, this is great news, we are very excited to receive our assay results over the next couple of weeks.”, commented David Coburn, President & CEO.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, August 6, 2024 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS) (OTC: GNYPF) is pleased to announce that it has commenced the drilling Hole BM-24-03 or Hole No.3 at the Boston Mine, Masivo’s high-grade gold, silver and copper project in “Elko County” in the State of Nevada.
The objective of Hole BM-24-03 or Hole No.3 is, Targeting the down dip extension of High-grade ore described in historic reports (Shaft at 90 foot level).
The drill core of hole BM-24-02 or Hole No.2 was successfully delivered to the certified lab to get analyzed, the company expects results within six weeks.
“Hole No.2 showed us continuous visible high mineralization in the core, allowing us to extend the hole 100 feet beyond the expected depth, this is what allowed us to extend the target depth 3 times, we are very excited to get results back from the lab in a few weeks.”, commented David Coburn, President & CEO.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, July 16, 2024 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS) (OTC:GNYPF) is pleased to announce that after extending the hole target depth three times it has successfully completed drilling 456.05 Feet at hole BM-24-02 or better known as hole No.2 at the Boston Mine, Masivo’s high-grade gold, silver and copper project in “Elko County” in the State of Nevada.
“Hole No.2 has shown very positive results, we are very pleased to have completed this hole after our technical team agreed to continue drilling the hole 100 feet beyond the expected depth thanks to the continuous visible high mineralization present on our drill core, this is what allowed us to extend the target depth 3 times, we are very excited to send our core to the lab for assaying”, commented David Coburn, President & CEO.
The Drilling team is currently relocating all equipment on to hole BM-24-03 at the Boston Mine, the drilling of hole No.3 will begin by the end of the week or early next week.
Nevada Drill Program Highlights:
The Boston Mine area drilling program will be comprised of 8 holes totaling approximately 1,000 meters to test the main mineralized zones, as well as historical Induced Polarization (IP) anomalies.
Stock Options:
The Company has also issued 250,000 incentive stock options ("Options") to directors, officers, and advisors. Furthermore, the Company wishes to clarify that the Service Provider, Senergy Communications Capital Inc. and Aleem Fidai, does not hold 75,000 stock options as previously stated in the June 18, 2024 news release. This was an error, and this statement serves as a correction.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, June 6, 2024 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce that on June 5, 2024, Masivo Silver Corp. resumed drilling operations at the Boston mine high-grade gold, silver and copper project in Elko county in the state of Nevada.
Drilling operations have restarted with drilling a 150-foot extension on the previously drilled hole No. 2, which, after visible mineralization on the drill core, Masivo's technical and exploration team decided to test additional projected mineralized targets at a greater depth.
"Per discussions with our technical team and the continuing visible mineralization in hole No. 2, we are very excited to have extended drilling of an additional 150 feet on this hole," commented David Coburn, president and chief executive officer.
Nevada drill program highlights:
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration on the Boston Mine in the State of Nevada, US, and on its projects in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
Vancouver, British Columbia, May 16, 2024 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce that on the week of May 20, Masivo Silver Corp. will commence drilling operations at the Boston mine, Masivo's high-grade gold, silver and copper project in Elko county in the state of Nevada. Masivo s exploration team and drilling crew has arrived in Elko county and currently servicing drilling equipment and supplies for a successful drill program.
Drilling operations will begin with completing previously drilled hole No. 2, which, after its results, Masivo's technical and exploration team decided to drill a 150-foot extension to test additional projected mineralized targets at a greater depth.
Nevada drill program highlights
The Boston mine area drilling program will comprise eight holes totalling approximately 1,000 metres to test the main mineralized zones, as well as historical induced polarization (IP) anomalies.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration on the Boston Mine in the State of Nevada, US, and on its projects in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
Vancouver, British Columbia, May 9, 2024 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce it has closed the first tranche of a non-brokered private placement. The first tranche raised gross proceeds of $882,236 from the issuance of 16,804,497 units at a price of 5.25 cents per unit. The total private placement will raise up to $1.05-million in gross proceeds with the issuance of up to 20 million units.
Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 15 cents for a period of two years after closing.
The company paid finders' fees totalling $48,407 in cash and 922,040 warrants. Each finder's warrant entitles the holder to purchase one common share at a price of 15 cents until May 7, 2026. All finders' fees are subject to compliance with applicable securities legislation and TSX Venture Exchange policies. All securities issued in this closing of the private placement are subject to statutory four-month hold periods expiring on Sept. 8, 2024. The private placement remains subject to obtaining final approval of the TSX Venture Exchange.
The net proceeds of the offering will be used to advance exploration activities at the Boston mine property in the state of Nevada, as well as for general working capital.
About Masivo Silver Corp.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration on the Boston Mine in the State of Nevada, US, and on its projects in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email info@masivosilver.com.
Vancouver, British Columbia, April 18, 2024 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce that it has amended the terms of its non-brokered private placement, previously announced on April 1, 2024. The offering under the amended terms will consist of up to 20 million units at a price of $.0525 per unit for gross proceeds of up to $1,050,000. Each unit will consist of one common share and one full common share purchase warrant, with each warrant entitling the holder to acquire an additional common share at an exercise price of $0.15 for a period of 24 months from the date of issuance.
Completion of the offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month-and-one-day statutory hold period. Finders’ fees will be paid on the offering.
The company intends to use the net proceeds from the offering to advance exploration on the Boston Mine in the state of Nevada and for general working capital.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration on the Boston Mine in the State of Nevada, US, and on its projects in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email info@masivosilver.com.
Vancouver, British Columbia, April 1, 2024 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS) (OTC:GNYPF) is pleased to announce that it will resume drilling at the Boston Mine, a high-grade gold, silver and copper project in “Elko County” in the State of Nevada in the month of April. The property was previously in production pre-World War II where it produced high grades of gold, silver and copper.
“With Precious Metal prices continuing to move consistently higher and our pre-World War II production numbers being 25.7 g/t Au (gold), 2,880 g/t Ag (silver), and 3.2% Cu (copper), as well as a $100,000 drill credit in Mexico we are very excited about the drill programs.” Commented David Coburn, President and CEO.
Results from the first drill hole indicate that Masivo´s geological model and projected target zones appear to be accurate. The hole encountered two projected mineralized zones. Significant drill intercepts include 55 feet (drilled width) of 0.99% Cu, 1.52g/t Au and 30.35 g/t Ag starting at 65 feet down hole.
Masivo´s exploration team has drilled hole number 2 to a depth of 280 feet and the technical team has approved a 150-foot extension on this hole to test additional projected mineralized targets.
Nevada Drill Program Highlights:
The Boston Mine area drilling program will be comprised of 8 holes totaling approximately 1,000 meters to test the main mineralized zones, as well as historical Induced Polarization (IP) anomalies.
Masivo is currently evaluating and negotiating with several mining companies to toll process ore at its 300 ton-per-day processing facility in the State of Nayarit, Mexico.
Masivo plans to do an equity financing in order to raise up to $750,000 to fund the drill program and for general working capital. The non-brokered private placement would be comprised of Units priced at $0.05 per Unit and consisting of one common share and one full warrant. Each warrant would be exercisable at a price of $0.15 for a term of two years.
Masivo has a $100,000 drill credit with its previous drill company in Mexico and is analyzing different drill opportunities at its Mexico properties as well as several new properties that have been presented to Masivo in 2024.
Masivo announces the resignation of Thomas Quigley as a Director of the Company. Mr. Quigley will continue working with the Company as a technical advisor.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, May 15, 2023 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF) is pleased to announce it will resume drilling operations at the Boston Mine Project in the State of Nevada where the company has successfully completed its first hole targeting and encountering two projected parallel mineralized zones where significant copper-gold-silver values related to skarn mineralization with strong calc-silicate alteration along with locally pervasive copper sulfide (bornite) mineralization were encountered .
Masivo ceased drilling operations due to the significant winter snow conditions and are preparing to resume now that the project is more readily accessible. All drilling equipment remains on site which will allow for an expedited restart to the drilling program.
Masivo’s exploration team has drilled hole number 2 to a depth of 280 feet and the technical team has approved a 150-foot extension of this hole to test additional projected mineralized targets. Initial drilling was designed to test extensions of the pre World War 2 resources. Upon completion of drilling holes number 2, 3 and 4 in the Boston Mine area, Masivo will move onto drilling the Montgomery tunnel target area where historical results include; 5 feet at 26.19 ppm Au, 59.31 ppm Ag and 1.81% Cu (RC hole CON-3) and a 3 foot channel sample at 29.49 ppm Au, 169.03 ppm Ag and 3.9% Cu (sample 83770).
Brian Brewer, the Qualified Person for Masivo, stated, “I am excited to resume drilling and complete this first phase drill program comprised of 10 holes. This will give us great insight to the mineralized structure that has a strike length of 7.5 Kilometers and has previously returned high grade production.”
Masivo is currently raising up to C$750,000 at C$0.13 per unit in a non-brokered private placement, each unit consists of one common share and one non-transferable common share purchase warrant at C$0.20 to purchase an additional common share for three years from closing.
Masivo filed for Price Preservation for up to 5.7 Million units at C$0.13 per share with a warrant attached at C$0.20 per a term of three years.
Brian Brewer, PGeo, is Masivo Silver’s qualified person for the company’s projects in Nevada and Mexico, and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email dcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: dcoburn@masivosilver.com
Website: www.masivosilver.com
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, April 28, 2023 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF announces that further to its news release of April 27, 2023, the net proceeds of the Offering will be used to complete the 10-hole drill program at the Boston and Montgomery mines in Nevada, as well as for general working capital. Finder’s fees may be paid on the Offering pursuant to the policies of the TSX Venture Exchange.
About Masivo Silver Corp. Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current o p e r a t i o n s a n d v i s i o n , i s a v a i l a b l e o n t h e C o m p a n y ’s w e b s i t e at www.masivosilver.com or email dcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: dcoburn@masivosilver.com
Website: www.masivosilver.com
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, August 6, 2024 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS) (OTC: GNYPF) is pleased to announce that it has commenced the drilling Hole BM-24-03 or Hole No.3 at the Boston Mine, Masivo’s high-grade gold, silver and copper project in “Elko County” in the State of Nevada.
The objective of Hole BM-24-03 or Hole No.3 is, Targeting the down dip extension of High-grade ore described in historic reports (Shaft at 90 foot level).
The drill core of hole BM-24-02 or Hole No.2 was successfully delivered to the certified lab to get analyzed, the company expects results within six weeks.
“Hole No.2 showed us continuous visible high mineralization in the core, allowing us to extend the hole 100 feet beyond the expected depth, this is what allowed us to extend the target depth 3 times, we are very excited to get results back from the lab in a few weeks.”, commented David Coburn, President & CEO.About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, May 9, 2024 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce it has closed the first tranche of a non-brokered private placement. The first tranche raised gross proceeds of $882,236 from the issuance of 16,804,497 units at a price of 5.25 cents per unit. The total private placement will raise up to $1.05-million in gross proceeds with the issuance of up to 20 million units.
Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 15 cents for a period of two years after closing.
The company paid finders' fees totalling $48,407 in cash and 922,040 warrants. Each finder's warrant entitles the holder to purchase one common share at a price of 15 cents until May 7, 2026. All finders' fees are subject to compliance with applicable securities legislation and TSX Venture Exchange policies. All securities issued in this closing of the private placement are subject to statutory four-month hold periods expiring on Sept. 8, 2024. The private placement remains subject to obtaining final approval of the TSX Venture Exchange.
The net proceeds of the offering will be used to advance exploration activities at the Boston mine property in the state of Nevada, as well as for general working capital.
About Masivo Silver Corp.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration on the Boston Mine in the State of Nevada, US, and on its projects in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email info@masivosilver.com.
Vancouver, British Columbia, April 18, 2024 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce that it has amended the terms of its non-brokered private placement, previously announced on April 1, 2024. The offering under the amended terms will consist of up to 20 million units at a price of $.0525 per unit for gross proceeds of up to $1,050,000. Each unit will consist of one common share and one full common share purchase warrant, with each warrant entitling the holder to acquire an additional common share at an exercise price of $0.15 for a period of 24 months from the date of issuance.
Completion of the offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month-and-one-day statutory hold period. Finders’ fees will be paid on the offering.
The company intends to use the net proceeds from the offering to advance exploration on the Boston Mine in the state of Nevada and for general working capital.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration on the Boston Mine in the State of Nevada, US, and on its projects in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email info@masivosilver.com.
Vancouver, British Columbia, April 1, 2024 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS) (OTC:GNYPF) is pleased to announce that it will resume drilling at the Boston Mine, a high-grade gold, silver and copper project in “Elko County” in the State of Nevada in the month of April. The property was previously in production pre-World War II where it produced high grades of gold, silver and copper.
“With Precious Metal prices continuing to move consistently higher and our pre-World War II production numbers being 25.7 g/t Au (gold), 2,880 g/t Ag (silver), and 3.2% Cu (copper), as well as a $100,000 drill credit in Mexico we are very excited about the drill programs.” Commented David Coburn, President and CEO.
Results from the first drill hole indicate that Masivo´s geological model and projected target zones appear to be accurate. The hole encountered two projected mineralized zones. Significant drill intercepts include 55 feet (drilled width) of 0.99% Cu, 1.52g/t Au and 30.35 g/t Ag starting at 65 feet down hole.
Masivo´s exploration team has drilled hole number 2 to a depth of 280 feet and the technical team has approved a 150-foot extension on this hole to test additional projected mineralized targets.
Nevada Drill Program Highlights:
The Boston Mine area drilling program will be comprised of 8 holes totaling approximately 1,000 meters to test the main mineralized zones, as well as historical Induced Polarization (IP) anomalies.
Masivo is currently evaluating and negotiating with several mining companies to toll process ore at its 300 ton-per-day processing facility in the State of Nayarit, Mexico.
Masivo plans to do an equity financing in order to raise up to $750,000 to fund the drill program and for general working capital. The non-brokered private placement would be comprised of Units priced at $0.05 per Unit and consisting of one common share and one full warrant. Each warrant would be exercisable at a price of $0.15 for a term of two years.
Masivo has a $100,000 drill credit with its previous drill company in Mexico and is analyzing different drill opportunities at its Mexico properties as well as several new properties that have been presented to Masivo in 2024.
Masivo announces the resignation of Thomas Quigley as a Director of the Company. Mr. Quigley will continue working with the Company as a technical advisor.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations is available on the Company’s website at www.masivosilver.com or email davidcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, May 15, 2023 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF) is pleased to announce it will resume drilling operations at the Boston Mine Project in the State of Nevada where the company has successfully completed its first hole targeting and encountering two projected parallel mineralized zones where significant copper-gold-silver values related to skarn mineralization with strong calc-silicate alteration along with locally pervasive copper sulfide (bornite) mineralization were encountered .
Masivo ceased drilling operations due to the significant winter snow conditions and are preparing to resume now that the project is more readily accessible. All drilling equipment remains on site which will allow for an expedited restart to the drilling program.
Masivo’s exploration team has drilled hole number 2 to a depth of 280 feet and the technical team has approved a 150-foot extension of this hole to test additional projected mineralized targets. Initial drilling was designed to test extensions of the pre World War 2 resources. Upon completion of drilling holes number 2, 3 and 4 in the Boston Mine area, Masivo will move onto drilling the Montgomery tunnel target area where historical results include; 5 feet at 26.19 ppm Au, 59.31 ppm Ag and 1.81% Cu (RC hole CON-3) and a 3 foot channel sample at 29.49 ppm Au, 169.03 ppm Ag and 3.9% Cu (sample 83770).
Brian Brewer, the Qualified Person for Masivo, stated, “I am excited to resume drilling and complete this first phase drill program comprised of 10 holes. This will give us great insight to the mineralized structure that has a strike length of 7.5 Kilometers and has previously returned high grade production.”
Masivo is currently raising up to C$750,000 at C$0.13 per unit in a non-brokered private placement, each unit consists of one common share and one non-transferable common share purchase warrant at C$0.20 to purchase an additional common share for three years from closing.
Masivo filed for Price Preservation for up to 5.7 Million units at C$0.13 per share with a warrant attached at C$0.20 per a term of three years.
Brian Brewer, PGeo, is Masivo Silver’s qualified person for the company’s projects in Nevada and Mexico, and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email dcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: dcoburn@masivosilver.com
Website: www.masivosilver.com
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, April 28, 2023 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF announces that further to its news release of April 27, 2023, the net proceeds of the Offering will be used to complete the 10-hole drill program at the Boston and Montgomery mines in Nevada, as well as for general working capital. Finder’s fees may be paid on the Offering pursuant to the policies of the TSX Venture Exchange.
About Masivo Silver Corp. Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current o p e r a t i o n s a n d v i s i o n , i s a v a i l a b l e o n t h e C o m p a n y ’s w e b s i t e at www.masivosilver.com or email dcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: dcoburn@masivosilver.com
Website: www.masivosilver.com
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information. Neither TSX Venture Exchange nor its Regulation Services 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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Vancouver, British Columbia, April 5, 2023 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF) is pleased to announce it has begun servicing and upgrading it’s equipment at the company’s 300 ton per day facility (http://masivosilver.com/processing-plant in the State of Nayarit, Mexico. Masivo intends to bulk-sample Au and Ag mineral coming from La Nueva Victoria mining claim in the State of Nayarit where the company previously sampled up to 9.73-gpt of gold and 155-gpt of silver. The Company is also negotiating with public and private mining groups in the vicinity with significant potential for processing mineral over the long term via a Tolling/Revenue/Profit sharing business model agreement. Profits received by Masivo will be used to supplement the Company’s exploration and drilling programs in Nevada and Mexico. Masivo will continue to look for more processing opportunities in the area now that the precious metals market is up. Masivo’s team of geologists, metallurgists and plant operators are very excited to restart processing operations at 300 ton per day plant, the Company halted processing and sampling during Covid to focus on exploration strategies in the State of Nevada and analyze several properties in Mexico for probable acquisition.
Brian Brewer, the Qualified Person for Masivo, stated, “We are excited to restart the mill and commence processing ore from mining companies in the region and generate
revenue from toll milling of third-party ore.”
David Coburn, Masivo Silver Corp. CEO, stated “While the main focus of Masivo continues to be our exploration project in Nevada, we are very excited to move forward with milling operations here in Mexico, there seems to be a high demand for processing gold and silver minerals from Nayarit and surrounding states within Mexico.”
Qualified Person Brian Brewer, CPG, is Masivo Silver’s qualified person for the company’s projects in Mexico and Nevada and has approved this news release.
About Masivo Silver Corp. Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current o p e r a t i o n s a n d v i s i o n , i s a v a i l a b l e o n t h e C o m p a n y ’s w e b s i t e at www.masivosilver.com or email dcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS “David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, March 16, 2023 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF) Is pleased to announce it has successfully completed its first Hole from their phase I drilling program on their Boston Mine Project in the State of Nevada. BM22-01 was drilled from the private property in the Boston Mine area. The core hole was drilled to a total depth of 252 feet at an azimuth of 210° and an inclination of -45°. The hole was drilled under the portal of the Boston Mine where historic high-grade gold was reportedly encountered sub-parallel to bedding. BM22-01 was drilled perpendicular to bedding. The hole targeted two projected parallel mineralized zones and encountered significant copper-gold-silver values related to a skarn zone with strong calc-silicate alteration along with locally pervasive copper sulfide (bornite) mineralization.
The core from BM22-01 was geotechnically and geologically logged by a Professional Geologist who delineated sample intervals that were confined to a maximum drilled length of 5 feet. Once logged, the core was photographed and split utilizing a hydraulic core splitter. Samples consisting of one-half core were sent to ALS Laboratory (an ISO accredited lab) where gold analysis by fire assay with ICP-AES and multi-element analysis by four acid digestion ICP was completed.
Results from the first drill hole indicate that Masivo’s geological model and projected target zones (mineralized zones “M” and “N”) appear to be accurate. Hole BM22-01 encountered two projected mineralized zones. Significant assay results from this hole are shown below in Table 1.
Significant drill intercepts include 55 feet (drilled width) of 0.99% Cu, 1.52 g/t Au and 30.35 g/t Ag starting at 65 feet down hole.
HOLE ID FROM (ft) TO (ft). WIDTH (DRILLED) Cu (%) Au (ppm) Ag (ppm)
BM22-01 65 120 55 0.99 1.52 30.25
Including 85 90 5 2.67 2.86 84.7
Including 110 115 5 1.69 2.68 51.2
175 180 5. .34 2.66 15.00
Core hole BM22-02 was designed to test the down-dip extension of mineralized zone “N” and has been completed. Assay results from BM22-02 are pending.
Masivo’s team of geologists is very excited about the results from BM22-01 which demonstrates that the company’s mineralization model appears to be accurate. Also, the significant copper-gold-silver values related to skarn mineralization helps confirm the historical results from the Boston Mine which includes; 35 feet at 1.51 ppm Au, 29.83 ppm Ag and 0.96% Cu (RC hole CON-3) and 5 feet at 1.15 ppm Au, 46.6 ppm Ag and 1.59% Cu (core hole BM-3). Additional high-grade assays at the Boston Mine include a 4-foot channel sample that resulted in values of 8.23 ppm Au, 99.09 ppm Ag and 2.75% Cu (sample 8910).
Masivo also intends to complete additional drilling in the Montgomery Tunnel target area adjacent to the Boston Mine where historical results include; 5 feet at 26.19 ppm Au, 59.31 ppm Ag and 1.81% Cu (RC hole CON-5) and a 3-foot channel sample at 29.49 ppm Au, 169.03 ppm Ag and 3.9% Cu (sample 83770). Several IP anomalies are also slated to be drill tested in Phase II of Masivo’s drill program.
Brian Brewer, the Qualified Person for Masivo, stated, “I am extremely excited about our first drill hole results and the assay results are precisely what I was expecting from this first hole. Given the high grades of Au, Cu and Ag produced in the past per our historical data, I am confident that we are on the right path for our drill program.”
Qualified Person
Brian Brewer, CPG, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email dcoburn@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
January, 18, 2023. - Masivo Silver Corp. has moved into 2023 with a 10-hole drill program in full progress on its newly acquired Nevada properties, which were in production before the Second World War with high-grade mineralization in gold, silver and copper.
The mine reported pre-World War II shipments of ore that varied in width from 1.80 to 12 meters with grades of 226 g/t Silver, 9 g/t Gold and 6.8 % Copper with localized zones of up to 2,880 g/t Silver, 25.7 g/t Gold and 3.2 % copper.
Hole number 1 (BM 22-01) has been completed. It was drilled to a depth of 250 feet at an azimuth of 210 degrees and an inclination of -45 degrees. Based solely on visible observations, significant mineralization was encountered from 72 feet to 140 feet as well as from 160 feet to 189 feet. All samples have been sent to ALS Labs in Twin Falls, Idaho and will be analyzed for gold by fire assay and a multi-element suite by ICP. Masivo will report the assay results as they are received.
In September 2022, the Company completed a five (5) for one (1) share consolidation which the company believes will help its growth and increase the overall valuation and market capitalization of the company. The Company currently has 21,907,494 shares outstanding
Masivo has an option to acquire 20,000 Ha of high-grade mineral properties in the state of Sinaloa, Mexico. These properties are strategically located in close proximity to Prime Mining, Vizsla Mining, and First Majestic.
Warrant Expiry Extension
In addition, the Company announces that it has applied to the TSX Venture Exchange to extend the expiry date for 2,200,000 (post-consolidation) of its outstanding unlisted common share purchase warrants (the "Warrants"). The Warrants, each of which is currently exercisable at a price of $0.38, were originally issued by the Company as part of a non-brokered unit private placement completed in February 2021. The Company will extend the expiry date of the Warrants to 4:30 PST on February 8, 2024 subject to TSX Venture Exchange approval. The Warrant exercise proceeds are intended to be spent on advancing exploration of the Company's properties in Nevada and for general working capital purposes.
Grant of Options
The Company announces that, subject to TSX Venture Exchange approval, it has granted incentive stock options to various directors, officers, and consultants to purchase up to 1,200,000 common shares exercisable at a price of $0.20 per share for a period of five years.
Qualified Person
Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo's mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations and vision, is available on the Company's website at www.masivosilver.com or email info@masivosilver.com.
Vancouver, British Columbia, November 2, 2022 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF) is pleased to announce that it has commenced drilling at its High-Grade Silver and Gold property in “Elko County” in the State of Nevada. Program Highlights Ten holes totaling approximately 1,200 meters have been proposed to test the main mineralized zones at the Project’s Boston Mine patent and Montgomery Tunnel, as well as historical Induced Polarization (IP) anomalies. • Boston Mine patent – 4 holes will test historic mineralization including reported historic ore in the mine shaft at a depth of 90 feet grading 2,880 grams per tonne silver (g/t Ag), 25.7 g/t gold (Au) and 3.2% copper (Cu). An additional report stated that there was a six-inch vein at this same depth that assayed 10,885 g/t Ag (ie: more than 1%). These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic. • Montgomery Tunnel – three (3) holes will be drilled under and adjacent to the Montgomery Tunnel, where numerous high grade surface samples with abundant visible gold (VG) have been collected. Channel samples taken by Masivo personnel have returned 29.5 g/t Au and 169 g/t Ag over 3 feet and 3.3 g/t Au, 89.8 g/t Ag and 3.1% Cu over 10 feet. • IP anomalies - At least three holes are planned to test historical IP anomalies that are interpreted to reflect sulfide mineralization that is part of the skarn geology. Based upon the results, a decision will be made as to expanding the IP survey over the rest of the property. Brian Brewer, the Qualified Person for Masivo, stated, “We are very pleased to take another step in our exploration of the past producing Boston and Montgomery Mines project. Our drill program, using modern day technologies, will focus on testing historic data which includes high grade showings of gold, silver and copper. We look forward to updating the market with our results and continued exploration as we move forward. Qualified Person Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release. About Masivo Silver Corp. Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email info@masivosilver.com. ON BEHALF OF THE BOARD OF DIRECTORS “David Coburn” Chief Executive Officer This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, September 1, 2022 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF) is pleased to announce a corporate update for its Nevada and Mexico exploration projects. The phase 1 high grade drill program in Nevada will begin over the first 2 weeks of September 2022. All of the permitting and drill targets have been completed and drill pads have been finished. Masivo intends to drill up to 10 shallow holes in the high-grade gold, copper and silver Boston Mine and Montgomery Tunnel areas. Please see Masivo’s News Release from August 16, 2022.
Masivo continues to analyze several new high-grade gold and silver mineral concession opportunities in Mexico with some very strong and positive negotiations continuing in the states of Sinaloa, Nayarit and Durango. These opportunities could come with processing opportunities at Masivo’s 300 ton per/day gravimetric and flotation milling facility in Nayarit.
Masivo is also currently designing a phase 1 drill program for its high-grade gold mineral concession at its La Noria Dorada project in Sinaloa, Mexico with intent to drill in late 2022 or early 2023.
Masivo has received Board approval to consolidate its outstanding common shares which would put Masivo in a better position to access capital markets should further funds be required as part of a business transaction or for working capital purposes. The consolidation of its outstanding common shares (“Common Shares”) on the basis of five (5) pre-consolidation Common Shares for one (1) post-consolidation Common Share (the “Consolidation”), the consolidation will be effective on September 6, 2022.
Qualified Person Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.
About Masivo Silver Corp. Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day.
Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email info@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS “David Coburn” David Coburn, Chief Executive Officer For information, please contact the Company:
Phone: 602-315-1231 E-mail: dcoburn@masivosilver.com Website: www.masivosilver.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements.
Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or 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 Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
Vancouver, British Columbia, August 16, 2022 - Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF) Is pleased to announce that it has signed an Agreement with Oretest International LLC to drill Masivo’s High-Grade Silver and Gold property in “Elko County” in the State of Nevada.
Masivo Silver and Oretest are currently on-site at the Boston Mine fixing access roads and building drill pads, all the necessary equipment including backhoe, water truck, drill rig has been brought to site and the access to water has been negotiated successfully.
Program Highlights
Ten holes totaling approximately 1,200 meters have been proposed to test the main mineralized zones at the Project’s Boston Mine patent and Montgomery Tunnel, as well as historical Induced Polarization (IP) anomalies.
Brian Brewer, the Qualified Person for Masivo, stated, “We are very pleased to take another step in our exploration of the past producing Boston and Montgomery Mines project. Our drill program, using modern day technologies, will focus on testing historic data which includes high grade showings of gold, silver and copper. We look forward to updating the market with our results and continued exploration as we move forward.
Qualified Person
Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email info@masivosilver.com.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: info@masivosilver.com
Website: www.masivosilver.com
[1] These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic.
Masivo arranges $2.4-million private placement 2022-05-12 19:57 ET - News Release Mr. David Coburn reports MASIVO SILVER ARRANGES FINANCING Masivo Silver Corp. has arranged a non-brokered private placement of up to 48 million units in the capital of the company at a price of five cents per unit for gross proceeds of up to $2.4-million. Each unit will consist of one common share and one non-transferable common share purchase warrant exercisable at 10 cents to purchase an additional common share for a period of 24 months from closing. The net proceeds of the offering will be used for exploration on newly acquired properties in Nevada and Mexico as well for general working capital. Finders' fees may be paid on the offering pursuant to the policies of the TSX Venture Exchange. In addition, the company announces that, subject to TSX Venture Exchange approval, it has granted incentive stock options to various directors, advisers and consultants to purchase up to three million common shares exercisable at a price of 10 cents per share for a period of five years. About Masivo Silver Corp. Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the state of Nevada, United States, and in the state of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko county, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston mine. In Mexico, Masivo's mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000 plus hectares (35,000 plus acres) strategically located in the gold/silver-rich Sierra Madre Occidental trend in western Mexico. The company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo's mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations and vision, is available on the Company's website at www.masivosilver.com or email info@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: info@masivosilver.com
Website: www.masivosilver.com
[1] These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic.
VANCOUVER, BC / March 7 , 2022 / Masivo Silver Corp. (“Masivo” or the “Company”) (TSXV: MASS)(OTC:GNYPF) Today announced it has signed an option Agreement for a Silver and Gold property (the “Property”) in the area of “La Noria” in the State of Sinaloa. This 99.07 hectare concession named “Ofir” is part of our “La Noria Dorada” project, which currently consists of 295 hectares. Masivo continues to negotiate on several neighboring mineral concessions and is expecting to add approximately an additional 2,000 hectares more to this project in the near future. Our team of Geologists advise that the present mineralized veins are the continuation of the previously identified ENE trending epithermal vein system hosted in volcanic rocks of andesitic composition coming from Masivo Silver’s adjacent property which has attractive historic and recent samples including 17.5 g/t Au over 5 meters, 11.60 g/t Au over 1.20 meters and another of 18.20 g/t Au over 0.90 meters. “Our team of Geologists is very excited to begin work on this property, as this is starting to give the company a better understanding of the bigger picture in this region” stated David Coburn, Masivo Silver Corp. CEO. Terms of agreement: The company will grant 27,500 shares at signing, 55,000 shares and $4,400.00 USD in cash on the first anniversary, 82,500 shares and $6,875.00 USD in cash, on the second anniversary, 110,000 shares and $11,000.00 USD in cash on the third anniversary, and 550,000 shares and $27,500.00 USD in cash on the fourth anniversary. The Company is also required to spend at least $75,000.00 USD on exploration activities on the Property. Qualified Person Brian Brewer, CPG, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Massivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinoloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo's mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations and vision, is available on the Company's website at www.masivosilver.com or email info@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: info@masivosilver.com
Website: www.masivosilver.com
[1] These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic.
VANCOUVER, BC / ACCESSWIRE / December 8, 2021 / Masivo Silver Corp. (TSXV:MASS)(OTC PINK:GNYPF) ("Masivo" or the "Company") announced today that it has received environmental permits for both its public and private land mineral claims, part of the Boston and Montgomery Mine projects (the " Project") in the State of Nevada.
These claims part of the highly prospective silver-gold-copper Project are located in Elko County, Nevada, the leading gold producer in the United States. The claim group comprises approximately 543 hectares (1,342 acres) consisting of 65 unpatented claims including the historic Boston Mine.
"We are very pleased to have received these environmental permits for the Project's mineral claims," stated David Coburn, Masivo Silver Corp. CEO. "We are now a step closer to executing our exploration plan which includes drill ready targets at the Project's historically prolific Boston mine property."
Boston and Montgomery Mine History
Located in the eastern portion of the claim group, was developed in 1910 with a 190-foot shaft and levels at 90 and 190 feet, with 360 feet of drifting on both levels. The mine reported shipments of high-grade silver, gold and copper from a zone that varied in width from six to 40 feet with grades up to 226 grams per tonne ("g/t") silver, 9 g/t gold and 6.8 per cent copper, with localized zones of up to 2,880 g/t silver, 25.7 g/t gold and 32 per cent copper. Since the mine's closure at the onset of the Second World War, the mine was held in private hands, with activity limited to, sporadic surface exploration, sampling on the 90-foot level, and limited surface drilling.
Geology Overview
The Projects covers about nine kilometers of prospective metamorphosed limestones containing silver, gold and copper stratabound skarn mineralization marginal to the contact of a Jurassic aged granodiorite intrusion. Mineralization consists of bornite, chalcopyrite and digenite with silver and gold in calc-silicate hornfels adjacent to faults and altered porphyry dikes, as well as replacement of favourable horizons adjacent to the granodiorite contact.
Qualified Person
Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Massivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinoloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo's mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations and vision, is available on the Company's website at www.masivosilver.com or email info@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: info@masivosilver.com
Website: www.masivosilver.com
[1] These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic.
Vancouver, British Columbia, November 17, 2021 - Masivo Silver Corp. (TSXV: MASS) (“Masivo or the “Company”) Today announced it has received the final remaining approvals for the Boston and Montgomery Mine projects ("Projects") in Elko County, Nevada from Great Lakes Exploration Inc. ("GLE") and the TSXV as per the Definitive Agreement outlined in the May 26, 2021 press release.
"We are very happy that this entire due diligence process has been completed and the company can now move towards executing its drill program in this prolific mining district," stated David Coburn, CEO, Masivo Silver Corp. "We are currently in the late stages of permitting and look forward to announcing the drilling start date later this quarter."
Drill Program Objectives
Geology Overview
The Projects covers about nine kilometers of prospective metamorphosed limestones containing silver, gold and copper stratabound skarn mineralization marginal to the contact of a Jurassic aged granodiorite intrusion. Mineralization consists of bornite, chalcopyrite and digenite with silver and gold in calc-silicate hornfels adjacent to faults and altered porphyry dikes, as well as replacement of favourable horizons adjacent to the granodiorite contact.
Qualified Person
Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Massivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the State of Sinoloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the historic Boston Mine. In Mexico, Masivo's mining focus includes silver and gold exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres) strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo's current operations and vision, is available on the Company's website at www.masivosilver.com or email info@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn" Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: info@masivosilver.com
Website: www.masivosilver.com
[1] These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic.
Vancouver, British Columbia, July 8, 2021 - Masivo Silver Corp. (TSXV: MASS) (“Masivo or the “Company”) announced today that the Company has signed a definitive option agreement to earn a 100-per-cent interest in the highly prospective silver-gold-copper La Noria Dorada project (the “Project”), located in the Sierra Madre’s Gold Corridor, Sinaloa, Mexico. The Project comprises two claims covering 295 hectares (728 acres). In addition, the Company is sampling and evaluating a series of adjacent strategic mineralized claims totaling approximately 18,000 hectares.
Highlights
Epithermal Vein System
Our team of geologists have identified an ENE trending epithermal vein system hosted in volcanic rocks of andesitic composition. Preliminary chip sampling returned 9.8 g/t Au over 3.4 meters and another of 2.2 g/t Au over 3.8 meter.
Cu-Au-Ag Porphyry System
A Cu-Au-Ag porphyry system has been identified three kilometers south of the epithermal vein system. This mineralization is hosted by a quartzodiorite stock and is structurally controlled by faults parallel to the epithermal vein system defined in the northern part of the Project.
A 16 meter long chip sample of the Porphyry zone assayed 1.3% Cu, 1.7 g/t Au and 16 g/t Ag. A grab sample that was collected in a dump of this porphyry zone returned 17.4% Cu, 33.9 g/t Au and 155 g/t Ag in a quartzodiorite with potassium alteration and rich in bornite-chalcopyrite. It is noteworthy that the potassically altered and bornite-bearing zones of intrusions commonly contain the highest-grade mineralization.
We strongly believe that the Au epithermal vein system is related to the Cu-Au-Ag porphyry system and is a major target for exploration in this area of the La Noria Dorada project.
David Coburn, Masivo Silver Corp. CEO, stated “We are very happy to have finalized this option agreement and are excited to be implementing our exploration plan in this “Virgin” area of Sinaloa where, historically, there has been very prolific mines operating throughout the years”.
Definitive Agreement
Under the terms of the agreement, to earn 100-per-cent interest, Masivo has agreed to pay US$151,500 and grant 2.65M (two million and sixty-five thousand) shares over four years. These contingent allocations are summarized below:
Additionally, Masivo has agreed to spend US$175,000 on exploration over the four-year term.
The agreement is subject to a 2-per-cent net smelter return royalty, with the option to buy down the royalty to 1 per cent at $250,000 per 0.5 per cent.
The transaction and the issuance of Masivo's common shares pursuant to the option agreement are subject to acceptance by the TSX Venture Exchange.
David Dupre, P.Geo. is Masivo Silver's qualified person (“QP”, as defined by National Instrument 43-101) for the company's projects in Mexico and Nevada and has approved this news release.
Vancouver, British Columbia, June 15, 2021 - Masivo Silver Corp. (TSXV: MASS)(OTC:GNYPF) (“Masivo” or the “Company”) is pleased to announce their Geological Team has prepared a Phase 1 Preliminary Drill Proposal for the Company’s Boston and Montgomery Mines project (“the Project”) in the State of Nevada.
Program Highlights
Eight holes totaling approximately 1,200 meters have been proposed to test the main mineralized zones at the Project’s Boston Mine patent and Montgomery Tunnel, as well as historical Induced Polarization (IP) anomalies.
Brian Brewer, the Qualified Person for Masivo, stated, “We are very pleased to take another step in our exploration of the past producing Boston and Montgomery Mines project. Our drill program, using modern day technologies, will focus on testing historic data which includes high grade showings of gold, silver and copper. We look forward to updating the market with our results and continued exploration as we move forward.
Discussions are underway with drilling contractors and permit applications have already been filed. It is anticipated that drilling could commence in July and a further update will be provided in due course.
Qualified Person
Brian Brewer, M.Sc. CPG (#11508), is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.
Vancouver, British Columbia, May 26, 2021 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) announces that, further to Masivo’s press release of March 23, 2021, the Company has signed a definitive agreement for an option to earn a 100-per-cent interest in a highly prospective silver-gold-copper project in Elko County, Nevada, the leading gold producer in the United States. The claim group comprises approximately 543 hectares (1,342 acres) consisting of 65 unpatented claims including the historic Boston Mine.
Highlights
Boston Mine - located in the eastern portion of the claim group, was developed in 1910 with a 190-foot shaft and levels at 90 and 190 feet, with 360 feet of drifting on both levels.
● High-Grade History - The mine reported shipments of high-grade silver, gold and copper from a zone that varied in width from six to 40 feet with grades up to 226 grams per tonne (“g/t”) silver, 9 g/t gold and 6.8 per cent copper, with localized zones of up to 2,880 g/t silver, 25.7 g/t gold and 32 per cent copper.
● Exploration Upside - Since the mine's closure at the onset of the Second World War, the mine was held in private hands, with activity limited to, sporadic surface exploration, sampling on the 90-foot level, and limited surface drilling.
JP Claim Block (west section) - Rock and soil geochemistry have defined silver, gold and copper mineralization similar to that in the Boston Mine area, for greater than one kilometre of strike length.
● High-Grade Samples - Numerous grab samples of contact-related skarn mineralization in this area have returned values from 35 to 170 g/t silver, one to 10 g/t gold and 1 to 3 per cent copper.
● Undeveloped Potential - Despite high-grade showings, as well as the presence of favourable geology and extensive alteration, there has been no systematic evaluation of surface showings or drilling to test continuity and extensions at depth.
David Coburn, Masivo Silver Corp. CEO, stated “We are very happy to have finalized this option agreement and are excited to be implementing our exploration plan in the historically prolific Boston mining camp located in Nevada, one of the top mining jurisdictions in the world.”
Geology Overview
The property covers about nine kilometres of prospective metamorphosed limestones containing silver, gold and copper stratabound skarn mineralization marginal to the contact of a Jurassic aged granodiorite intrusion. Mineralization consists of bornite, chalcopyrite and diginite with silver and gold in calc-silicate hornfels adjacent to faults and altered porphyry dikes, as well as in stratiform replacement of favourable horizons adjacent to the granodiorite contact.
Definitive Agreement
Under the terms of the agreement, to earn 100-per-cent interest, Masivo has agreed to pay US$450,000 and grant eight million shares over four years ($20,000, one million warrants at 15 cents and one million shares at signing; $25,000 and 1.5 million shares on the first anniversary; $30,000 and one million shares on the second anniversary; $35,000 and two million shares on the third anniversary; and $340,000 and 2.5 million shares on the fourth anniversary) and subject to a 2-per-cent net smelter return royalty, with the option to buy down the royalty to 1 per cent at $500,000 per 0.5 per cent. Additionally, Masivo has agreed to invest US$1 million over the four-year term ($100,000 in the first year, $200,000 in the second year, $300,000 in the third year and $400,000 in the fourth year).
The transaction and the issuance of Masivo's common shares pursuant to the option agreement are subject to acceptance by the TSX Venture Exchange.
The Company confirms that on closing of the Nevada transaction, Tom Quigley has consented to join the Masivo board of directors.
Brian Brewer, PGeo, is Masivo Silver's qualified person for the company's projects in Mexico and Nevada, and has approved this news release.
Vancouver, British Columbia, May 05, 2021 - Masivo Silver Corp. (TSXV: MASS) (“Masivo or the “Company”) is very pleased to announce that it is quickly moving forward to define drill targets for a “Phase I” drilling program in the mineralized JP mining claims on primarily private land, which cover the historic “Boston” and “Montgomery” mines.
The Boston mine and surrounding area has seen minimal exploration since it closed at the onset of WWII. Historical shipments of high-grade silver, gold and copper reported grades up to 226 g/t silver, 9 g/t gold and 6.8% copper, with localized zones of up to 2,880 g/t silver, 25.7 g/t gold and 32% copper (USGS Publication: Bulletin 847-A).
Previous exploration work completed by Tenneco Minerals (1987) and Minnova U.S. (Falconbridge) (1990) has resulted in grades up to 26.19 g/t gold and 59.31 g/t silver reported in RC drill hole “Con-5” from 70 to 75 feet and rock chip samples of 29.29 g/t gold and 169.03 g/t silver (sample 83770) from the Montgomery mine area.
Masivo Silver QP Brian Brewer and Geo/Board Member Tom Quigley have recently been on site in Nevada at the Boston and Montgomery Mines as well as their Western Skarn areas to collect samples and review the historic data to help define the drill program.
Permitting is expected to be easily obtainable in the short term, as the majority of the drilling will be conducted on wholly controlled private land and the NOI level of disturbance will be quite restricted on BLM land. The permitting process has begun and falls under the supervision of independent QP Brian Brewer.
A Phase I core drilling program will be proposed in the very near future, taking into consideration the new assay results as well as the historical data.
Independent QP Brian Brewer stated,“It is apparent that the Boston Mine project is host to widespread Skarn type mineralization. I was able to observe visible gold (VG) in several hand specimens that were collected from the Boston and Montgomery mine areas. This further supports that high-grade gold mineralization is associated with the Skarn alteration”
David Coburn, Masivo Silver Corp. CEO, stated “We are very happy and excited to be advancing quickly into a drilling program and to further explore these historical claims located in close proximity to very important mines that are currently and have been in production for so many years in the State of Nevada”
Rock samples have been sent to Paragon Geochemical of Sparks, Nevada for analysis. These samples will be assayed utilizing fire assay/metallic screen for Au and Ag and Aqua Regia and ICP-OES for a multi element suite.
Historical data reviewed included, but was not limited to; drill data, geophysical data, underground mapping and sampling results and a wide array of various historical reports.
Brian T. Brewer, M.Sc., CPG #11508, is a Qualified Person as defined by NI 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.
Vancouver, British Columbia, April 20, 2021 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is very pleased to announce that it is moving forward from Letters of Interest to definitive agreements on several mineralized mining concessions comprising “La Santa Madre Project” with a total of 1,971 hectares in San Ignacio, in the State of Sinaloa.
Masivo has recognized at least six parallel mineralized (Cu/Au/Ag) epithermal quartz veins with a SW-NE orientation. Vein lengths range between 600 to 1,200 meters - the observed widths on these veins vary from 3 meters to 7 meters. This vein system is hosted by andesite volcanic rock, related to the Lower Volcanic Group of the Sierra Madre Occidental. The precise location of the property will be announced when our geologists complete current sampling activities in the neighboring claims in which assay results may motivate us to further negotiate the acquisition of additional claims.
The company has also signed a letter of interest to access 3000 hectares of private land where part of these mining claims are located, with the right to progress to an agreement for 8,000 hectares of this private land.
Definitive Agreements are subject to successful completion of due diligence by Masivo Silver Corp within 90 days of the signed LOI’s.
David Dupre, P.Geo. is Masivo Silver’s Qualified Person (“QP”, as defined by National Instrument 43-101) for the Company’s projects in Mexico and Nevada, and has approved this news release.
David Coburn, Masivo Silver Corp. CEO, stated “We are very excited to secure these highly prospective silver-gold-copper properties in the State of Sinaloa. These claims have historic high grade Cu, Ag and Au values and old workings. The concessions are very accessible as they are very close to highways and existing roads in the municipality of San Ignacio. There is power and abundant water in the area, which is great for a drilling stage.”
About Masivo Silver Corp.
Masivo is a silver and gold exploration, development, and ore processing company exploring an aggregate of 14,000+ hectares strategically located in the gold/silver-rich Sierra Madre
Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo, its current operations and its vision, is available on the Company’s website at www.masivosilver.com or from info@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231 E-mail: info@masivosilver.com Website: www.masivosilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, April 15, 2021 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce that it has added Mr. Thomas O. Quigley to the board of directors to strengthen the team. Mr. Thomas O. Quigley, a Professional Geologist, has extensive exploration experience for precious and base metals, platinum group metals, uranium, diamonds and industrial minerals, as an industry and consulting geologist throughout North America - from grass roots exploration through discovery and mine development.
He has been President of Great Lakes Exploration, Inc. and Minerals Processing Corporation since their inception in 1982 and 1995, respectively. Following the discovery of the Back Forty VMS deposit in Michigan’s Upper Peninsula, Thomas was President and CEO of Aquila Resources Inc. from 2004 through 2013 where he was responsible for financing, strategic planning, marketing, and ongoing technical evaluation. During his tenure as CEO, he was responsible for raising in excess of $30 million dollars and advancing the Back Forty deposit from the discovery drill hole through pre-feasibility and advanced mine permitting. Following his retirement as CEO, he continued to provide services as VP of Exploration and Senior Technical Advisor and Qualified Person for Aquila until 2017.
Mr. Quigley, obtained a Master’s of Science degree in Geology from Queen’s University in 1990 from the Mineral Exploration Program (QMinEx), and a Master’s of Science degree in Biology in 1978 from the University of Minnesota. He is a Certified Professional Geologist licensed by the American Institute of Professional Geologists (CPG #11962) and by the State of Minnesota.
David Coburn, Masivo Silver Corp. CEO, stated “We are very happy to have Tom Quigley on the board. His knowledge and extensive mining experience will definitely be strengthening our team.”
Director Brent Omland will be stepping down from the board of directors. Masivo would like to thank Brent for his services and dedication to the company throughout the years.
David Coburn, Masivo Silver Corp. CEO, Stated “I would like to thank Brent for the many years he has put in to get our company to where it is today.”
In other news, the Company has granted a total of 3 million incentive stock options to directors, officers and consultants, pursuant to Masivo's stock option plan and subject to TSXV approval. The options have an exercise price of $0.15 and a term of 3 years from the date of grant.
About Masivo Silver Corp.
Masivo is a silver and gold exploration, development, and ore processing company exploring an aggregate of 14,000+ hectares strategically located in the gold/silver-rich Sierra Madre
Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo, its current operations and its vision, is available on the Company’s website at www.masivosilver.com or from info@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231 E-mail: info@masivosilver.com Website: www.masivosilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, March 23, 2021 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce that it has signed a letter of interest for an option agreement with Great Lakes Exploration (“Great Lakes”) and is moving very quickly towards a definitive agreement.
The option agreement gives Masivo the right to earn a 100% interest in a highly prospective silver-gold-copper project in Elko County in northeastern Nevada. The claim group currently comprises approximately 543 hectares (1,342 acres) consisting of 65 unpatented claims (the JP claim group) and a single patented claim covering the historic Boston Mine.
David Coburn, Masivo Silver Corp. CEO, stated “We are very excited to acquire a highly prospective silver-gold-copper property in a well-established mining state such as Nevada. The property has high historic values of silver, gold and copper as well as drill-ready targets defined by geophysical surveys and surface prospects.”
The property covers about 9 kilometers of prospective metamorphosed limestones containing silver, gold and copper skarn mineralization marginal to the contact of a Jurassic aged granodiorite intrusion. Mineralization consists of bornite, chalcopyrite and diginite with silver and gold in calc-silicate hornfels adjacent to faults and altered porphyry dikes, as well as in stratiform replacement of favorable horizons adjacent to the granodiorite contact. In the eastern portion of the claim group, the Boston Mine was developed in 1910 with a 190 foot shaft and levels at 90 and 190 feet, with 360 feet of drifting on both levels. The mine reported shipments of high-grade silver, gold and copper from a zone which varied in width from 6 to 40 feet with grades up to 226 g/t silver, 9 g/t gold and 6.8% copper, with localized zones of up to 2,880 g/t silver, 25.7 g/t gold and 32% copper (USGS Publication: Bulletin 847-A). Since the mine’s closure at the onset of WWII, only sporadic surface exploration, sampling on the 90 foot level, and limited surface drilling have been conducted. In the western part of the JP claim block, stratabound skarn mineralization occurs along the granodiorite contact. Rock and soil geochemistry have defined silver, gold and copper mineralization similar to that in the Boston Mine area, for greater than 1 kilometer of strike length.
Numerous grab samples of contact-related skarn mineralization in this area have returned values from 35 to 170 g/t silver, 1 to 10 g/t gold and 1% to 3% copper. However, despite these results, as well as the presence of favorable geology and extensive alteration, there has been no systematic evaluation of surface showings, or drilling to test continuity and extensions at depth.
Under the terms of the agreement, to earn 100% interest, Masivo has agreed to pay US$450,000.00 and grant 8,000,000 shares over four years ($20,000.00, 1,000,000 warrants at $0.15 and 1,000,000 shares at signing, $25,000.00 and 1,500,000 shares on the first anniversary, $30,000.00 and 1,000,000 shares on the second anniversary, $35,000.00 and 2,000,000 shares on the third anniversary and $340,000.00 and 2,500,000 shares on the fourth anniversary) and subject to a 2% NSR with the option to buy down the royalty to 1% at $500,000 per 0.5%. Additionally, Masivo has agreed to invest US$1,000,000 over the four-year term ($100,000 in the first year, $200,000 in the second year, $300,000 in the third year and $400,000 in the fourth year).The transaction and the issuance of Masivo’s common shares pursuant to the option agreement are subject to acceptance by the TSX Venture Exchange.David Dupre, P.Geo. is Masivo Silver’s Qualified Person (“QP”, as defined by National Instrument 43-101) for the Company’s projects in Mexico and Nevada, and has approved this news release.
Vancouver, British Columbia, March 9, 2021: Gainey Capital Corp (TSX.V: GNC) (OTC: GNYPF) (the “Company” or “Gainey”) is pleased to announce that effective March 11, 2021, the Company will change its name from "Gainey Capital Corp" to "Masivo Silver Corp" with a new trading symbol of “MASS” on the TSX Venture Exchange.
The new CUSIP for the Company's shares will be 57480R109 and the new ISIN number will be CA57480R1091.
Effective at the opening of the market on Thursday, March 11, 2021: the common shares of the company will trade on the TSX Venture Exchange under the name Masivo Silver Corp. The company’s ticker symbol will be “MASS”
David Coburn, CEO of Gainey Capital stated, “The new name symbolizes the next chapter for the company as we continue to sign LOIs and evaluate properties in Mexico and Nevada.”
As per the company’s last press release dated February 23, 2021, Masivo Silver is in due diligence on at least 7 mineral concessions that are highly prospective for silver, gold, copper, and platinum group elements in order to prioritize them for potential acquisition.
The company is also in several advanced stages of due diligence for mineral concessions in the State of Nevada
About Masivo Silver Corp
Masivo is a silver and gold exploration, development, and ore processing company exploring an aggregate of 14,000+ hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo, its current operations and its vision, is available on the Company’s website at www.masivosilver.com or from info@masivosilver.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: info@masivosilver.com
Website: www.masivosilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia, February 23, 2021- Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Company”) is pleased to report that, further to the corporate update provided on December 3, 2020, the Company has signed several Letters of Interest for Mineral Concessions in the States of Sinaloa and Durango in the prolific Gold and Silver belt of Mexico's Sierra Madre Occidental. A geological team is conducting site visits and due diligence on at least 7 mineral concessions that are highly prospective for silver, gold, copper and platinum group elements in order to prioritize them for potential acquisition.
"We have been making excellent progress with our project evaluations and are pleased with the potential afforded by several of these opportunities," stated David Coburn, Gainey's CEO. "We are confident that we will be in a position to move to the acquisition phase very soon. The Company is also in the advanced stages of negotiations for a gold-silver-copper project in Nevada that we anticipate will bring significant upside and diversity to our portfolio.”
In other news, the Company has granted a total of 3 million incentive stock options to directors, officers and consultants, pursuant to Gainey's stock option plan and subject to TSXV approval. The options have an exercise price of $0.10 and a term of 3 years from the date of grant.
About Gainey Capital Corp.
Gainey is a gold and silver exploration, development and ore processing company exploring an aggregate of 14,000+ hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Gainey, its current operations and its vision, is available on the Company’s website at www.gaineycapital.com or from info@gaineycapital.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: info@gaineycapital.com
Website: www.gaineycapital.com
FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or 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 Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
Vancouver, British Columbia, January 27, 2021 - Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Company”) is pleased to announce that it has arranged a non-brokered private placement of up to 10,000,000 Units (the "Units") in the capital of the Company at a price of C$0.05 per Unit for gross proceeds of up to C$500,000 (the "Offering"). Each Unit will consist of one common share and one non-transferable common share purchase warrant (a "Warrant") exercisable at C$0.075 to purchase an additional common share for a period of 24 months from closing. Closing is expected to occur on or before February 28, 2021.
The net proceeds of the Offering will be used for due diligence on potential mineral concessions the Company is currently looking at, as well as for general working capital. Finder’s fees may be paid on the Offering pursuant to the policies of the TSX Venture Exchange.
About Gainey Capital Corp.
Gainey is a gold and silver exploration, development, and ore processing company exploring an aggregate of 16,000 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Gainey, its current operations and its vision, is available on the Company’s website at www.gaineycapital.com or from info@gaineycapital.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: info@gaineycapital.com
Website: www.gaineycapital.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or 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 Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
Masivo Gold & Silver
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