Rio Silver Acquires Second High-Potential Silver-Lead-Zinc Project in Central Peru

Core Viewpoint - Rio Silver Inc. has acquired the Santa Rita Pb-Zn-Ag Property in Peru, enhancing its position in a promising silver district and expanding its exploration footprint [1][6][14] Acquisition Details - The Santa Rita property was secured through a closed-bid auction for USD $130,000, granting Rio Plata clear title [3] - The property spans 570 hectares and is located in a mineral-rich area of Central Peru, approximately 200 km ESE of Lima [4][3] Geological Insights - Historical exploration by Inca Minerals identified Santa Rita as a Carbonate Replacement Deposit (CRD) system, with two priority zones: Humaspunco East and Humaspunco South [5] - The area has a history of extensive workings and strong mineralization, particularly in silver, lead, and zinc [5][18] Strategic Importance - The acquisition of Santa Rita is seen as a significant step in establishing Rio Silver as a pure-play silver developer in a prolific mining jurisdiction [6][14] - The project is strategically located near existing silver-lead-zinc operations, enhancing logistical advantages for development [4][12] Next Steps - The company is currently conducting metallurgical testing on samples from the Santa Rita Project and plans to provide updates as the review progresses [2][8] - Preparations for initial onsite work programs are underway, including camp installation and access upgrades [11] Market Context - The acquisition aligns with a period of high silver prices and tightening global supply, positioning the company for potential exploration upside [13][14] - The addition of Santa Rita complements the existing Maria Norte Project, creating synergies and a scalable platform for growth [18][14]