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Rio Silver Inc.

TSXV:RYOLive AI agent

Rio Silver Inc.

Investor website: https://riosilverinc.com/

About

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian silver exploration and development company advancing high-grade silver projects in Peru, one of the world’s premier silver-producing countries. The Company is building a focused, pure-play silver development platform with an emphasis on disciplined execution, near-term catalysts, and long-term shareholder value.

Verified company data

Shares outstanding
12223569
Mineral resource
The Company’s flagship, 100% owned Niñobamba Project, hosts 2 discreet precious metal targets at opposite ends of a 6.5 km prospective corridor in a prolific, precious metals hosting geological belt in central Peru. The Company has modelled 2 world class resource targets where previously the Company, Newmont Mining and others have spent upwards of US$10 million evaluating this mineralized trend. The silver-rich Niñobamba “Main Zone and South Zones” are drill ready and the Company’s geologists have targeted the near surface, silver and gold mineralization as a potential open pit. At the other end of this trend is the Jorimina Gold Zone that was the primary focus of the Newmont exploration programs.
Projects
["Niñobamba Silver Project: Rio Silver Inc. (the “Company”) (TSX.V: RYO) is pleased to announce that the Company has commenced the initial exploration program at its 2100 hectare Niñobamba silver project, located approximately 330 kilometres southeast of Lima, in the Department of Ayacucho, Peru. Niñobamba is a high sulphidation, epithermal system hosted within a Tertiary volcaniclastic unit with silver mineralization demonstrating the potential for a bulk tonnage, disseminated silver deposit. With the support of the community workers the Company has completed the road access to the main camp. A trenching program, consisting of several 100 metre trenches in the area of the historical diamond drill holes, has begun. The goal of this initial program is to sample the high sulphidation alteration mineral assemblages in two parallel topographically prominent ridges, each extending over a strike length in excess of 600 metres. Under the supervision of the project geologist channel samples are being cut, split and sent out for assay. Extensive characteristic alteration mineral assemblages and textures including multiple zones of vuggy silica have been identified and sampled during this program. The first samples have been sent to Inspectorate Services Peru SAC, Lima and work has now begun on Trench 2. Geological prospecting and mapping is ongoing to better define the stratigraphic extent of the volcaniclastic rock units hosting the silver mineralization. The Company will begin the permitting process for the first phase diamond drill program which will include environmental baseline studies in accordance with Peruvian guidelines. Originally explored by AngloGold Exploracion Peru S.A.C. (“Anglo”) in 2001, Anglo focused on an area of intense hydrothermal surface alteration and drilled five widely spaced core holes totalling 861metres. Anglo’s drilling highlights included DDH-2 which reported assay results of 87 gpt silver over a drilled interval of 130 metres starting from a depth of 9 metres and DDH-4 reporting 54 gpt silver over a drilled interval of 96 metres starting from 23 metres. Results of this limited exploration program outlined two distinct zones of silver mineralization reported to be open along strike and at depth.","Niñobamba Silver-Gold Project: The Company’s flagship, 100% owned Niñobamba Project, hosts 2 discreet precious metal targets at opposite ends of a 6.5 km prospective corridor in a prolific, precious metals hosting geological belt in central Peru. The Company has modelled 2 world class resource targets where previously the Company, Newmont Mining and others have spent upwards of US$10 million evaluating this mineralized trend. The silver-rich Niñobamba “Main Zone and South Zones” are drill ready and the Company’s geologists have targeted the near surface, silver and gold mineralization as a potential open pit. At the other end of this trend is the Jorimina Gold Zone that was the primary focus of the Newmont exploration programs."]
Leadership
Christopher Hopton (CFO, 28 years of financial management and operations expertise. Previously served as CFO at Central Resources Corp. and Rio Silver Inc., and Division Controller at Canadian Airlines.), Jim McCrea (Geologist, Over 25 years of experience in exploration and mining geology, with expertise in resource estimation and feasibility studies across various commodities.), Jeffrey Reeder (President/CEO, Professional geologist with 25 years of experience in Peru, responsible for identifying and acquiring mining projects, and currently leads Peruvian Metals' toll milling operations.)

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