First Andes Silver to Acquire Silver Focused Properties in New South Wales, Australia

Core Viewpoint - First Andes Silver Ltd. has entered into an asset purchase agreement to acquire three silver-focused exploration licence applications in New South Wales, Australia, totaling approximately 454 km², which are expected to enhance the company's exploration pipeline and shareholder value [1][3]. Group 1: Acquisition Details - The three projects acquired are the Carrington Project (160 km²), Stoney Creek Project (247 km²), and Dartmoor Project (47 km²), all located in the mineral-rich Lachlan Orogenic Belt [1][7]. - The transaction involves an upfront consideration of AUD $15,500 and 1,500,000 common shares of the company, with resale restrictions for four months [12]. Group 2: Project Highlights - Carrington Project: Known for its iron-rich skarn system, historic mining has shown grades of up to 85 g/t Au and 6,037 g/t Ag, with significant iron gossan presence indicating a robust mineral system [4][5][6]. - Stoney Creek Project: Hosts at least seven historic silver-gold mines, with historical grades reported at 212 g/t Ag and 18 g/t Au, indicating strong potential for high-grade mineralization [7][8]. - Dartmoor Project: Features historic production averaging approximately 980 g/t Ag and 12% Cu, suggesting high-grade mineralization potential for future exploration [10][11]. Group 3: Strategic Importance - The acquisition complements the company's flagship Santas Gloria Silver Project in Peru, providing a cost-effective, year-round exploration pipeline [3][7]. - The projects are expected to generate additional discoveries and enhance shareholder value over time, aligning with the company's capital deployment strategy [3][7].