Latest news with #ColinSmith
Yahoo
7 hours ago
- Business
- Yahoo
First Andes Silver Mobilizes Rig for Second Drill Program at Santas Gloria Project, Targeting Extension of High-Grade Silver Discovery at Depth
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ0) (the "Company" or "First Andes") today announced that mobilization has commenced for the upcoming fully permitted 2000-meter ("m") diamond drilling program at the Company's 100%-owned Santas Gloria Project ("Santas Gloria" and the "Project") located 100 kilometers ("km") east of Lima, Peru. Key Point Summary Drill rig mobilization is ahead of schedule, with an expected start to the program in two weeks; Targeting the San Jorge Vein's ("San Jorge") higher-grade sulphide zone at depth, down-dip from the near-surface drilling discovery returned in 2024; Program is designed to assess the resource potential of San Jorge, and with success, preparations for an aggressive step-out campaign will commence; Fully permitted for drilling with excellent access (2.5-hour drive east of Lima), forgiving terrain and relatively low altitude (2,700-3,600 m), facilitating fast, cost-effective drilling; District-scale upside and grade, with >12 km of untested veins across a regional intermediate sulphidation epithermal system that was only first drilled in 2024; Prolific grades at surface, including channel samples up to 16,699 g/t Ag at the Tembladera Vein and 56 g/t Au at the Kelly Vein; Bench-scale flotation test work in 2022 on samples from underground sulphide zones at San Jorge demonstrated excellent precious metals recoveries of 88.1% for silver 80.9% for gold; Grades at Santas Gloria compare favorably to those at many of the world's leading silver producers; Silver prices are surging amid tight supply and booming industrial demand making high-grade projects like Santas Gloria are in high demand; Peru is the world's #3 silver producer with a stable legal framework, clear permitting process and strong government support; First Andes has a long-standing in-country presence, and benefits from supportive local communities. Colin Smith, CEO and Director of the Company stated: "With the abundance and scale of outcropping, high-grade epithermal veins (>12 km) and exceptional grades (16,699 g/t Ag at the Tembladera Vein, 56 g/t Au at the Kelly Vein) from surface and underground sampling, it is remarkable that Santas Gloria was only first drilled in 2024, showcasing the considerable untapped discovery potential. The upcoming program marks major milestone for First Andes and offers shareholders the opportunity to leverage the high-grade 2024 drilling discovery at the San Jorge Vein by targeting higher-grade sulphide zones at depth. Santas Gloria offers a rare combination of scale, grade, and discovery upside in one of the world's most mining-friendly and productive silver jurisdictions." 2025 Drill Program The upcoming program will build on the success of Santas Gloria's maiden 2024 drill campaign, which returned multiple high-grade silver intercepts across several mineralized vein systems. In particular, 2024 diamond drill hole SG003, within the sulphide zone, intersected 7.43 m of 224 g/t AgEq (193 g/t Ag, 0.34% Pb, 0.3% Zn, 0.05 g/t Au) from 86.7 m including 0.95 m at 754 g/t AgEq (701 g/t Ag, 1.07% Pb, 0.62% Zn, 0.08 g/t Au) from 88.65 m (see news release dated October 29, 2024). The 2025 drill program will test strike and depth extensions of the drill-confirmed high-grade San Jorge vein, with mineralization remaining open in all directions. For more information on the upcoming 2025 drill program, see news release dated May 23, 2025. Significant Untapped Exploration Potential Despite hosting over 12 km of mapped, multiphase intermediate-sulphidation vein systems, Santas Gloria had never been drill-tested prior to First Andes in 2024. The district-scale epithermal system includes at least 15 known silver-gold-base metal veins, many of which remain untested. Surface and underground channel sampling has returned consistently high-grade silver assays, including 16,699 g/t Ag at the Tembladera Vein and 56 g/t Au at the Kelly Vein, highlighting the Project's exceptional potential. While Santas Gloria is best known for its silver-dominant (+ gold, + base metals) intermediate sulphidation veins, surface channel sampling conducted in 2021 at the Kelly Vein demonstrated the additional presence of a high-grade gold epithermal mineralization (Figure 1). This undrilled auriferous target has been mapped over a strike length of 1,175 m and hosts high-grade channel sample assays over a strike length of 750 m. In addition, the Kelly Vein is hosted within a regional structural flexure and prospective lithological contact - a geological environment renowned for loci of dilation, allowing for hydrothermal fluids to pond and precipitate high-grade gold due to enhanced permeability and pressure drops. The coincidence of this prospective regional feature with the high-grade surface anomalism substantiates the Kelly Vein as a priority drill target in future programs, with strong potential for significant subsurface gold mineralization. Figure 1: Plan map of the Kelly Vein, showing high-grade gold assays from 2021 channel sampling. To view an enhanced version of this graphic, please visit: Figure 2: High-grade and undrilled outcropping Kelly Vein. To view an enhanced version of this graphic, please visit: Quality Assurance / Quality Control ("QA/QC") The Company follows industry-recognized standards of Best Practice and QA/QC. Samples from 2024 were submitted to ALS Peru S.A. (ISO 9001:2008) in Lima, Peru in sealed in plastic bags using single use tie-locks, thereby ensuring chain of custody, for fire assay and ICP analysis. To date, all batches have passed QA/QC within acceptable tolerance limits. All diamond holes were drilled in PQ-NQ diameter. Core recovery across all veins exceeded 90%. Qualified Person Dr. Christopher Wilson, Ph.D., FAusIMM (CP), FSEG, FGS, a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. About First Andes Silver Ltd. First Andes Silver Ltd. is a British Columbia company that holds a 100% interest in the high-grade Santas Gloria silver property, located in a major mining district 100 km east of Lima, Peru. Santas Gloria has excellent established road access, and is situated within a well-known intermediate sulphidation epithermal belt, and hosts over 12 km of multiphase veins mapped at surface which had never been historically drilled or explored by modern techniques before 2024. First Andes' maiden diamond drill program last year reported high-grade silver grades on all drilled vein systems confirming silver endowment and warranting high priority follow-up drilling in 2025. For more information please contact:Colin Smith, CEO & DirectorPhone: (604) 806-0626E-mail: info@ Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history, ability to obtain sufficient financing to carry out its exploration programs and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Business
- Yahoo
First Andes Silver Mobilizes Rig for Second Drill Program at Santas Gloria Project, Targeting Extension of High-Grade Silver Discovery at Depth
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ0) (the "Company" or "First Andes") today announced that mobilization has commenced for the upcoming fully permitted 2000-meter ("m") diamond drilling program at the Company's 100%-owned Santas Gloria Project ("Santas Gloria" and the "Project") located 100 kilometers ("km") east of Lima, Peru. Key Point Summary Drill rig mobilization is ahead of schedule, with an expected start to the program in two weeks; Targeting the San Jorge Vein's ("San Jorge") higher-grade sulphide zone at depth, down-dip from the near-surface drilling discovery returned in 2024; Program is designed to assess the resource potential of San Jorge, and with success, preparations for an aggressive step-out campaign will commence; Fully permitted for drilling with excellent access (2.5-hour drive east of Lima), forgiving terrain and relatively low altitude (2,700-3,600 m), facilitating fast, cost-effective drilling; District-scale upside and grade, with >12 km of untested veins across a regional intermediate sulphidation epithermal system that was only first drilled in 2024; Prolific grades at surface, including channel samples up to 16,699 g/t Ag at the Tembladera Vein and 56 g/t Au at the Kelly Vein; Bench-scale flotation test work in 2022 on samples from underground sulphide zones at San Jorge demonstrated excellent precious metals recoveries of 88.1% for silver 80.9% for gold; Grades at Santas Gloria compare favorably to those at many of the world's leading silver producers; Silver prices are surging amid tight supply and booming industrial demand making high-grade projects like Santas Gloria are in high demand; Peru is the world's #3 silver producer with a stable legal framework, clear permitting process and strong government support; First Andes has a long-standing in-country presence, and benefits from supportive local communities. Colin Smith, CEO and Director of the Company stated: "With the abundance and scale of outcropping, high-grade epithermal veins (>12 km) and exceptional grades (16,699 g/t Ag at the Tembladera Vein, 56 g/t Au at the Kelly Vein) from surface and underground sampling, it is remarkable that Santas Gloria was only first drilled in 2024, showcasing the considerable untapped discovery potential. The upcoming program marks major milestone for First Andes and offers shareholders the opportunity to leverage the high-grade 2024 drilling discovery at the San Jorge Vein by targeting higher-grade sulphide zones at depth. Santas Gloria offers a rare combination of scale, grade, and discovery upside in one of the world's most mining-friendly and productive silver jurisdictions." 2025 Drill Program The upcoming program will build on the success of Santas Gloria's maiden 2024 drill campaign, which returned multiple high-grade silver intercepts across several mineralized vein systems. In particular, 2024 diamond drill hole SG003, within the sulphide zone, intersected 7.43 m of 224 g/t AgEq (193 g/t Ag, 0.34% Pb, 0.3% Zn, 0.05 g/t Au) from 86.7 m including 0.95 m at 754 g/t AgEq (701 g/t Ag, 1.07% Pb, 0.62% Zn, 0.08 g/t Au) from 88.65 m (see news release dated October 29, 2024). The 2025 drill program will test strike and depth extensions of the drill-confirmed high-grade San Jorge vein, with mineralization remaining open in all directions. For more information on the upcoming 2025 drill program, see news release dated May 23, 2025. Significant Untapped Exploration Potential Despite hosting over 12 km of mapped, multiphase intermediate-sulphidation vein systems, Santas Gloria had never been drill-tested prior to First Andes in 2024. The district-scale epithermal system includes at least 15 known silver-gold-base metal veins, many of which remain untested. Surface and underground channel sampling has returned consistently high-grade silver assays, including 16,699 g/t Ag at the Tembladera Vein and 56 g/t Au at the Kelly Vein, highlighting the Project's exceptional potential. While Santas Gloria is best known for its silver-dominant (+ gold, + base metals) intermediate sulphidation veins, surface channel sampling conducted in 2021 at the Kelly Vein demonstrated the additional presence of a high-grade gold epithermal mineralization (Figure 1). This undrilled auriferous target has been mapped over a strike length of 1,175 m and hosts high-grade channel sample assays over a strike length of 750 m. In addition, the Kelly Vein is hosted within a regional structural flexure and prospective lithological contact - a geological environment renowned for loci of dilation, allowing for hydrothermal fluids to pond and precipitate high-grade gold due to enhanced permeability and pressure drops. The coincidence of this prospective regional feature with the high-grade surface anomalism substantiates the Kelly Vein as a priority drill target in future programs, with strong potential for significant subsurface gold mineralization. Figure 1: Plan map of the Kelly Vein, showing high-grade gold assays from 2021 channel sampling. To view an enhanced version of this graphic, please visit: Figure 2: High-grade and undrilled outcropping Kelly Vein. To view an enhanced version of this graphic, please visit: Quality Assurance / Quality Control ("QA/QC") The Company follows industry-recognized standards of Best Practice and QA/QC. Samples from 2024 were submitted to ALS Peru S.A. (ISO 9001:2008) in Lima, Peru in sealed in plastic bags using single use tie-locks, thereby ensuring chain of custody, for fire assay and ICP analysis. To date, all batches have passed QA/QC within acceptable tolerance limits. All diamond holes were drilled in PQ-NQ diameter. Core recovery across all veins exceeded 90%. Qualified Person Dr. Christopher Wilson, Ph.D., FAusIMM (CP), FSEG, FGS, a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. About First Andes Silver Ltd. First Andes Silver Ltd. is a British Columbia company that holds a 100% interest in the high-grade Santas Gloria silver property, located in a major mining district 100 km east of Lima, Peru. Santas Gloria has excellent established road access, and is situated within a well-known intermediate sulphidation epithermal belt, and hosts over 12 km of multiphase veins mapped at surface which had never been historically drilled or explored by modern techniques before 2024. First Andes' maiden diamond drill program last year reported high-grade silver grades on all drilled vein systems confirming silver endowment and warranting high priority follow-up drilling in 2025. For more information please contact:Colin Smith, CEO & DirectorPhone: (604) 806-0626E-mail: info@ Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history, ability to obtain sufficient financing to carry out its exploration programs and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Sign in to access your portfolio
West Australian
4 days ago
- Business
- West Australian
Lotto: Powerball jackpots to $100 million after no ticketholders claim division one prize on Thursday night
Powerball's division one prize has soared to a mind boggling amount after no ticketholders were able to lay claim to the top prize in Thursday's draw. Next week's draw will give players the chance to win a share in $100 million for the first time since November 2024. But not all ticketholders walked away empty handed. Six players — including two West Aussies — struck it lucky with division two hauls worth more than $121,970 each. The winning numbers for draw #1516 were 1, 30, 12, 34, 24, 9 and 6. The powerball was 10. Lotterywest CEO Colin Smith said WA Lotto history could be made if a single ticketholder takes out the division one prize next Thursday. 'WA's biggest Lotto win to date is an $80 million Powerball prize, which was won by a group of 55 ladies from a gym in Perth's northern suburbs in December 2021,' he said. 'When jackpots reach these heights, it's a great opportunity for players to get a syndicate together with family, friends or workmates, to share the cost of a ticket and hopefully the joy of a win.' Tickets for Powerball's $100 million jackpot are available in-store, online or via the Lotterywest App until 6pm on Thursday.
Perth Now
4 days ago
- Business
- Perth Now
RESULTS ARE IN! Powerball jackpots to staggering sum
Powerball's division one prize has soared to a mind boggling amount after no ticketholders were able to lay claim to the top prize in Thursday's draw. Next week's draw will give players the chance to win a share in $100 million for the first time since November 2024. But not all ticketholders walked away empty handed. Six players — including two West Aussies — struck it lucky with division two hauls worth more than $121,970 each. The winning numbers for draw #1516 were 1, 30, 12, 34, 24, 9 and 6. The powerball was 10. Lotterywest CEO Colin Smith said WA Lotto history could be made if a single ticketholder takes out the division one prize next Thursday. 'WA's biggest Lotto win to date is an $80 million Powerball prize, which was won by a group of 55 ladies from a gym in Perth's northern suburbs in December 2021,' he said. 'When jackpots reach these heights, it's a great opportunity for players to get a syndicate together with family, friends or workmates, to share the cost of a ticket and hopefully the joy of a win.' Tickets for Powerball's $100 million jackpot are available in-store, online or via the Lotterywest App until 6pm on Thursday.
The Courier
09-05-2025
- The Courier
Are Stirling's cycle paths being used? I hopped on my bike to find out
Stirling's bike lanes have been a sore point for some residents ever since construction on the £11 million active travel project started in 2020. Feedback ranges from concerns around the cost of the work to the impact on traffic. And it's not uncommon to hear claims that 'no one' uses the network of cycle paths stretching from the city centre to the university campus. So, on a weekday afternoon, I set out to see for myself how busy the bike paths were (or were not) – and to ask members of the public what they really think. Sitting outside Stirling train station, I must cut a strange figure – eyes glued to the cycle path as I patiently wait for a lone cyclist to pass me by. As waves of American tourists pour out of a coach to my right, the first cyclist wobbles into view, gingerly navigating the crossing from Station Road. Resplendent in a bright yellow high-vis jacket and black helmet, he crosses the road safely, turns left and doggedly sets out up the slight incline of Goosecroft Road that leads to Riverside. From that point on, the cyclists come thick and fast, from all walks of life. In total, I see eight people on two wheels using the bike path during the 20 minutes I sit outside the station – a fair amount of time to run a survey, in my opinion. These findings don't align with what I've heard anecdotally from some locals – that the lanes aren't used. Determined to gather more data, I set out on a cycling journey myself. Time to get on my bike. After a quick battle with the locking system of a hireable Santander Nextbike parked on the corner of Murray Place, I take to the cycle path. The ride down towards the bus station is smooth and, before I know it, I'm making my way up past the Travelodge on Goosecroft Road and towards Raploch. As I crest the hill, my first fellow cyclist comes into view. Passing them with a cursory nod, I'm quickly overtaken by a lycra-clad rider who vanishes into the distance in a flash of expensive gear – leaving me slightly embarrassed on my rather cumbersome steed. In total, I spot nine bikes on my 13-minute cycle from the train station to Stirling Bridge and back again. I'm surprised by the number, considering the time of day, when many people are at work, and the likelihood that most university students will have headed home for the summer. Unsure if I've just visited the cycle lanes on a particularly busy day, I decide to chat with some members of the public to find out what they really think. Colin Smith is a regular user who commutes into Stirling and travels to the university gym by bike. I catch him as he locks his bike up outside the Thistles centre and ask him how busy the lanes really are, in his experience. 'Well it's a mixed bag,' he says. 'It really depends on the time of the day, to be totally honest with you. 'It's been quite quiet at the moment, but obviously at 8.30 in the morning, for example, you'll find it very busy. 'I do see a lot of students using those Nextbike thingies as well.' White Dove Coffee Roasters looks directly onto the start of the cycle lane at Station Road. Chloe Smith, the barista on duty when I pop in, has a different view to Colin regarding the bike paths. 'I wouldn't say that they're that busy,' she tells me. 'I see the odd person go past, but not really that many. 'But I do think they're starting to impact on the traffic because a lot of people are coming to a halt here at the lights.' While Stirling's cycle lanes clearly split opinion, my own experience suggests they are being used on a regular basis, even in the middle of the afternoon. And data published by Cycling Scotland shows that the number of people cycling southbound along Airthrey Road in June, July and August increased from 5,295 in 2023 to 10,926 in 2024. But there's no question that some locals begrudge the high cost of the active travel project at a time when public money is tight.
