3/16/2023 0 Comments Denarius trading companyThe project deposit site is well serviced by water, power, paved highways, port access and is also positioned in close proximity to the Matsa JV project which has processing facilities with the capacity to process 4.4M tons of copper and polymetallic ore annually. The Rubia Permit is an Investigative Mining Permit of approximately 454 hectares covering the Lomero-Poyatos Project which is a polymetallic deposit located in the Huelva Province in Southern Spain, within the Iberian Pyrite Belt which is one of the largest districts of pyrite-rich massive sulphide deposits in the world. The area covered by the Permit is located approximately 85 km north-west of Seville and 60 km north-east of the port of Huelva and includes the area previously occupied by 13 mining concessions including the former Lomero-Poyatos Mine. Investigation Permit Nº 14,977 comprises 15 graticular blocks totalling approximately 454 hectares within the adjoining Municipalities of El Cerro del Andevalo and Cortegana within the Huelva Province of the Autonomous Community of Andalucía in southern Spain. as assignor and the shareholders of Transcontinental Gold Mines Pty Ltd., in order to acquire a 100% interest in Investigation Permit Nº 14,977 covering the areas occupied by the former Lomero-Poyatos Concessions and the mine within them in southern Spain (the " Lomero Project"). The Company has entered into a binding letter agreement with Qvartz Capital Partners Inc. Strong shareholder base 36% owned by Gran Colombia Gold (TSX: GCM).Strong cash position and management with a track record of shareholder wealth creation via exploration, development and mining.Exploration programs conducted by prior ownership on all three projects have returned high grade mineralization consistent with the rich history of the properties as well as the prolific neighboring deposits.Projects within close proximity to producing operations with robust infrastructure in place to help quickly advance projects.Zancudo Project, a past gold-silver mine, previously produced over 1.5 million oz of gold at an average grade of 14.6 g/t gold and 108 g/t silver, acquired from Gran Colombia Gold and currently under option to IAMGOLD (TSX: IMG).Guia Antigua Project, a past silver producer adjacent to Gran Colombia Gold's flagship Segovia mine (TSX: GCM), has previously produced over 78,000 oz of silver at an average grade of 404 g/t silver.Part of the commission will be paid in units. The Concurrent Financing has been fully-subscribed and is expected to be completed shortly. In connection with the acquisition of the Lomero Project, the Company is completing a non-brokered private placement financing (the " Concurrent Financing") to raise up to $33.75 million through the issuance of up to 75,000,000 subscription receipts of the Company at a price of $0.45 per subscription receipt.A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and the Company is not treating the historical estimate as current mineral resources or mineral reserves. Lomero-Poyatos, to be acquired by the Company, is a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite belt with a historical inferred resource of 22.17 MT of 3.08 g/t gold, 62.38 g/t silver, 0.90% copper, 0.85% lead and 3.05% zinc that remains open at depth and along strike.Mining portfolio with exposure ranging from exploration to near-term production of multi-metal assets offering leverage across multiple markets. ![]() (" Denarius Silver" or the " Company") (TSXV: DSLV), is pleased to announce its common shares will commence trading on the TSX Venture Exchange on Maunder the symbol "DSLV". ![]() Vancouver, BC, Ma/CNW/ - Denarius Silver Corp.
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