High Grade Past Production Results of 25.7 g/t Au, 2,880 g/t Ag & 3.2% Cu
NON-BROKERED PRIVATE PLACEMENT
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Masivo Silver Provides Corporate Update
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.
- Boston Mine patent – 4 holes will test historic mineralization including the pre-World War II high-grade producing area. An additional report stated that there was a six-inch vein at this same depth that assayed 10,885 g/t Ag (i.e. more than 1%). These reports are not compliant with NI 43-101 reporting standards and all numbers quoted should be considered as historic.
- IP anomalies - At least four 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.
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.
Note: Raise is now up to $750,000
Investment Highlights
- High Grade Past Production Results of 25.7 g/t Au, 2,880 g/t Ag & 3.2% Cu
- 300 ton-per-day processing facility in Mexico
- Strong insider shareholders (Eric Sprott and Ernesto Echavarria)
- Tightly held share structure (21 Million shares out)
Raising: $750,000
Sector: Metals & Mining
Terms: $0.05 per Unit + warrant at $0.15 for a term of two years
Proceeds: Drill program and general working capital
Private Placement
This unique investment opportunity is open to accredited investors.
A Canadian junior gold and silver mining exploration company, based in Vancouver, B.C. Masivo is currently focused on exploration projects in the State of Nevada and in Mexico.
Masivo Silver Corp.
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Masivo Silver Corp.
David Coburn
As Founder, CEO and a director of Masivo Silver Corp since 2014, David Coburn has focused on acquiring gold and silver operations in Mexico and the USA. A seasoned entrepreneur, Coburn has spent the majority of his business career in the plastics and chemical industries developing successful operations with partners, such as GE Plastics, GE Capital, Dow Chemical, Dupont Chemical, BASF, and Bayer. His primary focus was building and acquiring companies with operations in Mexico, the USA and China. He and his business interests have held significant investments in the renewable energy/oil and gas, and natural resource sectors over the past thirty years. BSc (Business Admin), Northern Arizona University.
