Denarius Silver: a new transmitter with world-class projects in Spain and Colombia


Denarius Silver Corp (TSXV: DSLV) is a junior silver exploration company focused on the development of mining projects in high grade districts. The company has an experienced management team that is focused on building a business around production and cash flow.

In early 2021, the company secured several world-class assets. Acquisitions include the former Guia Antigua and Zancudo silver-gold projects in Colombia, and its Lomero-Poyatos project in Spain’s prolific Iberian pyrite belt, home to the world’s largest concentration of massive sulphides.

Since the acquisition of the Lomero-Poyatos project in April 2021, the company has received the necessary approvals for a first exploration program. Mobilization is well advanced on the site, where the company will carry out preparatory work and begin its drilling program in September.

DSLV plans to initially drill 81 holes for a total of 23,500 meters of drilling. The initial drilling program is designed to validate selected historic holes drilled in the existing mine, and subsequently to conduct a 50 × 50 meter infill program in the lower levels of the same mine. The Lomero-Poyatos project is a polymetallic deposit with a historical inferred resource estimate of 20.93 Mt of 3.08 g / t gold, 62.38 g / t silver, 0.90% copper, 0 , 85% lead and 3.05% zinc which stays open deep and long strike.

In Colombia, the Guia Antigua project was acquired from Gran Colombia Gold Corp (TSX: GCM), Colombia’s largest underground gold producer. The property is located in the prolific Segovia-Remedios mining district in the Antioquia department, 130 kilometers northeast of Medellin.

The property has a very productive vein system, and a 2018 drilling program discovered 3 new veins which returned values ​​of 3,268 g / t silver and 8.57 g / t gold over 1.2 m . Significantly, following the transactions with Colombia, Gran Colombia owns 27% of Denarius, and Serafino Iacono, who is currently Executive Chairman of Gran Colombia, has joined the board to serve as Executive Chairman and Interim CEO of Denarius.

Denarius also owns the 1,052 hectare Zancudo project in the The Titiribi mining district in Antioquia, Colombia, which it also acquired from Gran Colombia Gold Corp. The property is currently being explored by IAMGOLD Corp. (TSX: IMG) under an option agreement for the exploration and potential purchase of an interest in the project.

Located in the Middle Cauca gold belt and near the flagship Gran Colombia Gold Corp mine. Segovia, the Zacunda property is home to the former Independencia silver and gold mine with a historic production of 1.5 million ounces of silver and gold equivalent dating back to 1793.

At present, Denarius has indicated that it will focus its exploration efforts on expanding the size and scope of its projects in Spain and Colombia, expand resource estimates and bring them to a stage of. production to generate cash flow. As of June 30, 2021, Denarius had cash and cash equivalents of $ 21.2 million and is fully funded to complete its planned exploration programs on the Lomero and Guia Antigua / Zancuda projects over the next 18 years. month.

As a recently reorganized public company with 205.08 million shares outstanding and a modest market capitalization of $ 86.06 million, Denarius Silver Corp, with its world-class assets, represents a new silver-gold opportunity for businesses. junior exploration investors.

FULL DISCLOSURE: Denarius Silver Corp is a client of Canacom Group, the parent company of The Deep Dive. The author was paid to cover Denarius Silver Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a buy or sell recommendation. Always do additional research and consult a professional before purchasing a title.

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