Core Insights - Masivo Silver Corp. reported historic high-grade results from the Cerro Colorado Gold-Silver Project in Sonora, Mexico, as it advances due diligence for a proposed acquisition [1][10] - The company announced a non-brokered private placement of up to $1,000,000 to fund exploration at both Cerro Colorado and the Boston Mine in Nevada [2][12] Historic Drill Highlights - Two drill holes from 2015 returned multiple broad, near-surface, high-grade polymetallic intercepts, indicating significant mineralization potential [3][10] - Key intercepts from Hole ETCC-15-01 include: - 29.65 m @ 50.74 g/t Ag, 0.607% Zn, 0.131% Pb, 0.053% Cu, 0.062 g/t Au [8] - Notable sub-intervals include: - 5.05 m @ 254 g/t Ag, 0.80% Zn, 0.365% Pb, 0.266% Cu, 0.262 g/t Au - 2.95 m @ 384 g/t Ag, 0.939% Zn, 0.544% Pb, 0.399% Cu, 0.395 g/t Au - 2.45 m @ 430 g/t Ag, 0.771% Zn, 0.444% Pb, 0.591% Cu, 0.432 g/t Au [8] - Key intercepts from Hole ETCC-15-04 include: - 35.80 m @ 23.44 g/t Ag, 0.406% Zn [8] - Notable sub-intervals include: - 3.15 m @ 159.06 g/t Ag, 0.513% Zn, 0.338% Pb, 0.141% Cu, 0.188 g/t Au - 0.60 m @ 577 g/t Ag, 0.907% Zn, 0.790% Pb, 0.516% Cu, 0.705 g/t Au [8] Geological Interpretation & Exploration Plans - The geological and geochemical signatures suggest that Cerro Colorado may host a sub-epithermal polymetallic system, potentially linked to breccia structures associated with a deeper porphyry system [9] - The company plans to apply modern exploration tools and initiate a focused drill campaign following the completion of due diligence [10] Private Placement Financing - The private placement will consist of units priced at $0.06 per unit, with gross proceeds of up to $1,000,000 [11] - Each unit will include one common share and one-half common share purchase warrant, allowing the holder to acquire one additional common share at an exercise price of $0.10 for 12 months [11] Use of Proceeds - Proceeds from the private placement will be allocated to exploration at the Cerro Colorado Project and the Boston Mine, as well as for general working capital [12]