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Ninobamba Data

Ninobamba Information

  • General 2015-05-10
    Originally explored by AngloGold Exploracion Peru S.A.C. in 2001, Anglo focused on an area of intense hydrothermal surface alteration and drilled five widely spaced core holes totaling 861metres. Anglo'’s drilling highlights included DDH-2 which reported assay results of 87.0 grams per tonne (Ag g/t) silver over a drilled interval of 130 metres starting from a depth of 9 metres and DDH-4 reporting 54.0 g/t silver over a drilled interval of 96 metres starting from 23 metres. Results of the limited exploration on the property outlined two distinct zones of silver mineralization reported to be open along strike and at depth. The geological information has been reinterpreted by Rio Silver's geologists as a high sulphidation epithermal silver system in parallel, north-east trending structures hosted within a Tertiary volcaniclastic unit. The Company'’s geologists have defined the highest priority drill targets and the Company is currently in the process of consulting with all local stakeholders in anticipation of permitting a 2012 drill program.

Related News

  • Magellan Gold Signs Letter of Intent on Silver-Gold Exploration Property in Peru 2016-07-05
    RENO, Nevada, July 5, 2016 /PRNewswire/ -- Magellan Gold Corporation (OTCQB:  MAGE) ("Magellan" or "the Company") today announced it had signed a non-binding Letter of Intent ("LOI") with Rio Silver Inc. ("Rio Silver") (TSX.V: RYO) pursuant to which Magellan is granted the option to...
  • Magellan Gold to earn 50% stake in Rio Silver’s Peruvian Niñobamba silver project 2016-07-04
    Arm’s length parties Rio Silver and Magellan Gold have signed a nonbinding option agreement allowing Magellan to earn up to 50% of the Niñobamba silver project, in Peru. Pending regulatory approval and following a 45-day due diligence period, the parties will sign a definitive agreement.
  • Rio Silver and Magellan Gold Sign LOI for Ninobamba Property in Peru 2016-07-04

    TORONTO, ONTARIO--(Marketwired - July 4, 2016) - Rio Silver Inc. ("Rio Silver" or the "Company") (TSX VENTURE:RYO) is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") with Magellan Gold Corporation ("Magellan") (OTCQB:MAGE), an arm's length party, pursuant to which, subject to regulatory approval, Rio Silver has granted to Magellan an option (the "Option") to earn an undivided 50% interest in the Company's Niñobamba Silver Property ("Niñobamba"). The parties intend to replace the LOI with a definitive agreement (the "Definitive Agreement") containing industry standard terms and conditions following a 45-day due diligence period.

Ninobamba News

  • Magellan Gold Signs Letter of Intent on Silver-Gold Exploration Property in Peru 2016-07-05
    RENO, Nevada, July 5, 2016 /PRNewswire/ -- Magellan Gold Corporation (OTCQB:  MAGE) ("Magellan" or "the Company") today announced it had signed a non-binding Letter of Intent ("LOI") with Rio Silver Inc. ("Rio Silver") (TSX.V: RYO) pursuant to which Magellan is granted the option to...
  • Magellan Gold to earn 50% stake in Rio Silver’s Peruvian Niñobamba silver project 2016-07-04
    Arm’s length parties Rio Silver and Magellan Gold have signed a nonbinding option agreement allowing Magellan to earn up to 50% of the Niñobamba silver project, in Peru. Pending regulatory approval and following a 45-day due diligence period, the parties will sign a definitive agreement.
  • Rio Silver and Magellan Gold Sign LOI for Ninobamba Property in Peru 2016-07-04

    TORONTO, ONTARIO--(Marketwired - July 4, 2016) - Rio Silver Inc. ("Rio Silver" or the "Company") (TSX VENTURE:RYO) is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") with Magellan Gold Corporation ("Magellan") (OTCQB:MAGE), an arm's length party, pursuant to which, subject to regulatory approval, Rio Silver has granted to Magellan an option (the "Option") to earn an undivided 50% interest in the Company's Niñobamba Silver Property ("Niñobamba"). The parties intend to replace the LOI with a definitive agreement (the "Definitive Agreement") containing industry standard terms and conditions following a 45-day due diligence period.

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