Salta Province, Argentina – Argenta Silver Corp. (TSXV: AGAG; OTCQB: AGAGF; FSE: T1K) has announced the commencement of preparatory work for its 2025 drilling program at the El Quevar Project, located in Salta Province, Argentina. Following the successful completion of Phase 1 of the 2025 exploration program, drilling operations are set to begin within the next 10 days.
Phase 2 Drilling to Focus on Areas Near Yaxtché Deposit
This Phase 2 program will utilize a single drill rig to conduct approximately 4,000 meters of diamond drilling, primarily concentrating on the Quevar South areas. These areas are geographically adjacent to and are believed to be geologically related to the Yaxtché deposit, which forms the basis of the current mineral resource estimate. The Yaxtché deposit currently holds 45.3 million ounces of silver (at a grade of 482 g/t Ag) in the Indicated Resource category and 4.1 million ounces of silver (at a grade of 417 g/t Ag) in the Inferred Resource category, ranking it among the highest-grade undeveloped silver deposits in Argentina.
The El Quevar project was extensively explored by its previous owner from 2008 to 2013, but subsequent exploration activities have been limited and sporadic. It was noted that out of the total 104,000 meters of drilling conducted by previous operators, over 75,000 meters were within the current mineral resource estimate area, suggesting a lack of emphasis on broader exploration potential.
The 2025 drilling campaign is planned to consist of approximately 15% confirmation drilling, 25% step-out and resource expansion drilling, and 60% exploration drilling on new targets identified in Phase 1. These exploration targets are situated in areas exhibiting similar structural and mineralogical characteristics to the Yaxtché deposit, offering strong potential for new discoveries and extensions of the mineralization system.
Argenta Silver CEO Emphasizes Project's Potential
Joaquín Marias, CEO of Argenta Silver, commented, "Our 4,000-meter winter drilling program is set to commence shortly, on schedule, marking one of our first significant advancements since acquiring the El Quevar project. This is the beginning of a broader strategy to unlock the full potential of the project, not only geologically but also economically. We are already conceptualizing a more extensive drilling program for the Argentine summer period. This campaign carefully and resolutely lays the groundwork for what we believe can be one of the top silver assets in Argentina."
Despite the challenges posed by winter conditions in the Argentine Andes, Argenta will proceed with this program using a single drill rig specifically prepared for the El Quevar project. The company will be among the few exploration companies actively drilling this season, demonstrating its strong commitment to advancing the El Quevar project and generating shareholder value.
Key Executive Appointment and Future Outlook
Argenta also announced the appointment of Vanessa Bogaert as Vice President of Investor Relations and Communications. Ms. Bogaert brings over 23 years of practical experience in the mineral exploration industry.
"We are delighted to welcome Vanessa to the Argenta team," said Joaquín Marias, CEO. "Her dual-language proficiency and deep experience in investor relations and communications, particularly within the junior silver mining sector and Latin American region, is a significant advantage for our company. We look forward to strengthening our communications and expanding our footprint in both English and Spanish-speaking markets with her onboard."
Subject to TSX Venture Exchange approval, the company has granted Ms. Bogaert 600,000 incentive stock options at a price of $0.30 per common share for a period of five years.
El Quevar Project's Potential and Argenta Silver's Strategy
The El Quevar Project is a high-grade silver deposit located in the high-altitude region of Salta Province, Argentina, with already significant confirmed resource estimates. The Yaxtché deposit, in particular, is considered one of Argentina's leading undeveloped silver assets, and this drilling program aims to expand its resources. Recognizing that past exploration focused primarily around the Yaxtché deposit, Argenta Silver's strategy for this Phase 2 program is to increase the proportion of drilling on new exploration targets, thereby maximizing the project's overall potential.
Globally, silver demand is expected to continue rising, driven by increasing industrial applications (such as solar panels, electric vehicles, and electronics) and investment demand. In this market environment, the development of a high-grade silver deposit like El Quevar could be a significant growth driver for Argenta Silver. Furthermore, Argentina is rich in mineral resources and tends to pursue mining-friendly policies, which is expected to create a favorable environment for future project development.
Argenta Silver's decision to proceed with drilling this winter demonstrates the company's strong commitment to the project. Winter drilling in the Andes requires significant technical expertise, resources, and risk management. However, Argenta is adopting a strategy to acquire data and advance the project faster than its competitors, which is expected to contribute to long-term shareholder value creation.
The appointment of a new Vice President of Investor Relations and Communications reflects the company's efforts to strengthen communication with capital markets and effectively convey the project's value to potential investors. Her bilingual capabilities and experience in the Latin American region, in particular, will play a crucial role in making Argenta Silver a more attractive investment opportunity for global investors.
Depending on the results of this drilling program, the El Quevar Project has the potential to become a core asset for Argenta Silver and a significant pillar of Argentina's silver industry. Argenta Silver plans further drilling programs for the summer based on the results of this current campaign, which will further refine the project's long-term development plans.
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