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Argenta Silver Validates Deposit Continuity and Expands Known Resource with High Grade Silver Intercepts
Thenewswire·2025-08-18 12:30

Core Viewpoint - Argenta Silver has released promising assay results from its El Quevar Project, indicating a strong potential for high-grade silver resources, which has positively impacted its stock price and market perception [1][2][5]. Company Overview - Argenta Silver is a relatively new company, established 8 months ago, led by a young CEO, Joaquín Marias, who is 37 years old. The company has seen a significant share price increase of 300% year-to-date, rising from C$0.21 to C$0.63 [2]. - The El Quevar Project covers an area of 57,000 hectares, with less than 3% explored comprehensively. The project is well-equipped with infrastructure, including 60 kilometers of internal roads and a fully operational camp for 100 workers [3]. Drilling Program - The ongoing 2025 winter drilling program consists of 4,000 meters, with 15% for confirmation, 25% for expansion, and 60% for exploration drilling. The company believes the Yaxtché deposit remains open for further exploration [4]. - Recent drill results have confirmed the high-grade nature of the silver mineralization, with the highest assay recorded at 18,467 g/t silver over 1.05 meters within a broader interval of 1,026 g/t silver over 40.00 meters [5][7]. Financial Developments - On August 12, 2025, Argenta Silver raised CND $15 million at a price of C$0.40 per unit, with notable investments from Frank Giustra and Tyrus S.A., an affiliate of Eduardo Elsztain [10][12]. - Giustra's ownership now represents 15.09% of the outstanding common shares, while Elsztain controls 12.57% of the outstanding shares [10][12]. Mineral Resource Estimate - The foundational Mineral Resource Estimate of the Yaxtché deposit includes an indicated resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag, and an inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag [17].