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Summary
Transcript
It’s not just a drill hole. This is a step-out drill hole. It’s a 70 meter step-out drill hole. And this one came back as you were showing with a 545 grams per ton of silver over 43.2 meters including 8 meters with 1,302 grams per ton of silver. Well, hello there, my friends. Chris Marcus here with you for Arcadia Economics and I am here with Joaquin Marias who has some great news today. Joaquin, you’ve joined us a couple of times on the show this year because in the midst of what I think we can now safely say has turned into a historic silver rally which I know has people excited and obviously a lot of the folks in our audience are also interested in the mining stocks and you are of course running our Genta Silver.
So one of those situations in life, maybe we get a little luck on our side, but you’ve had some incredible results come out at the same time as the rally so certainly good news and you had new results today with some nice step-out drilling, also new exploration target and perhaps you could walk us through what the drill came back with here. Of course, of course. Thank you very much, Chris. I have to say that I love Arcadia Economics and I love the audience that you have. So yes, as you said, we are very pleased to bring these results.
We put this news out yesterday and this is something very important for the company because it’s not just a drill hole, this is a step-out drill hole. It’s a 70 meter step-out drill hole and this one came back as you were showing with a 545 grams per ton of silver over 43.2 meters including 8 meters with 1302 grams per ton of silver and as I say this is very important because it is a step-out. It means that we have drilled 70 meters away from the border or from the existing envelope of the existing resource.
So it’s telling us that the mineralization continues and we also have disclosed that we have drilled new targets as you are showing there in the image. We have drilled Atenea and Andrea and we received results from two drill holes from Atenea and this is very important because it’s telling us that there is potentially more in that target. We hit two meters with a grade of 314 grams per ton of silver and this is super encouraging to us because it’s telling us that there are some sniffs of silver in the area and that we should pursue that target more.
Atenea it’s a new target and for those who doesn’t know translate it into English that it’s called Athena and Athena it’s a Greek goddess and we call it Athena because we believe on the goddess of strategy and knowledge and wisdom and we acquire this target by using those things by using strategy knowledge and some wisdom from from our geologists and this is a new target that has never been drilled and we finally hit some silver in there and this is very encouraging. As you can see drill hole QBD 414 is located on the upper left side of the resource and this is a step out 70 meters away from the existing envelope as I said and that’s telling us that we should just keep drilling on the step out trying to find more mineralization the same trail as the resource itself.
Yes and can you tell us at obviously you’ve had a couple of rounds of drilling this is the third one and perhaps in a moment we can review some of the things that you found out in the first two but now that you have these results back where does that leave you especially as you’re incorporating a new target and also perhaps for people who might be hearing about Argenta for the first time can you put in context basically what you have so far and what today’s results tell you about how that changes from what you knew last week.
Of course so let’s let’s start by the very beginning Argenta Silver it’s a very company a very new company it’s recently been born if you want to call it like that we started this company in October last year so it’s not even a year for the company and the company is now 15 to 20 million dollars 11 months after this is a company that has a market cap of 250 million dollars our share price is navigating on one dollar I’m always talking in Canadian money and it’s a very important to say that our share price has been escalating a lot this has been a 10x company in terms of market cap and for all that growth that we have had in this 11
month we have only spent six million Canadian dollars so we are taking care of every dollar that it’s coming into the company we are being very careful on how we spend that and we are all the time thinking how do we get return on investment from every dollar that the investors are bringing in so Argenta Silver it’s a company that has one project it’s called LKVAR project located in the north of Argentina in the province of Salta which is a super friendly mining province and our project has 45.3 million ounces of pure silver at a very good grade of 482 grams per ton of pure silver that’s indicated and on the inferior category we have
4.1 million ounces of silver at 417 grams per ton of silver this is a pure silver prospect and that’s very very rare in the world we have no sink no lead no copper no gold in our resource and as you can see there on the screen this is a very low tonnage resource so it means that every time that we drill a little bit and we find more we cannot a lot of ounces into the resource what you see on the screen it’s still I use something very interesting 90% of our resource is indicated and only 10% of our resource it’s inferred so this is a project that has seen a lot of drilling only on the resource it’s very much the risk it but there is no exploration outside of the resource from the previous operator so what we are going to do now is we are going to do a very aggressive exploration plan we will keep testing the resource so from now on the allocation of capital will be 40% into resource expansion that means keep drilling on the extensions of the resource and
trying to add ounces on the resource so 40% of the allocation of capital will go to resource expansion and simultaneously we will be spending 60% of our capital into an aggressive exploration plan so these two plans will our programs these two programs will run parallel simultaneously we can expand the resource and we can try to look for new things and try to find new um deposits in the project so far we are doing a great job we hit a good intercept with good grade in this new target that it’s called Ateneo and the previous drillings as you were asking me Chris those have been fantastic as well so this is the previous news release from August 13 when you can see there on the screen we drill 40 meters with 1026 grams per ton of silver including an all-time breaking record a sample of one meter with 18,467 grams per ton of silver this has been fantastic because this drill was drilled on a gap of 60 meters diameter and that that literally
gap or void that we had on the resource has been filled by this drill and it’s telling us that those gaps that we see on the resource are actually drilling gaps and not mineralization gaps so it means that we need to drill more of these gaps in order to get a fill those areas to fill those portions of the resource and we need to step out more so we start building up more ounces from there if you show the long section with the other results you can see as well the previous results i think that is the one that you have far on your right that one there so this one here is showing you the previous results that we have disclosed so we drill in total
16 drill holes the program it’s over this program is over we drill 4244 meters and we will now jump into a larger season the results that you see on the screen are two previous news releases that we put out one was in july and the other one was in august and here you can see on the very far left side of the screen a step out for the drill hole qvd 408 that was a 50 meter step out that came back with really good grades we drill 19 meters with 112 grams per ton of silver great grades inside there this is telling us that the deposit might be extended to the left and then we drill that gap that i was talking about before which is qvd 412
that came with those 40 meters of one kilogram and that also came back with a no time record breaking result but now what we are disclosing and that’s why we are doing this interview is because we have drill on the far right of this image so on the far right side of this image we drill that step out and this is the step out that we are posting now with a 545 grams per ton of silver over 40 meters it’s telling us that the deposit might continue down plunge so we are very excited chris i have to tell you that this is giving us a lot of ideas because our our deposit those 50 million ounces combined that we have on the resource are in one
place they are not distributed all over the map and if we could extend this deposit and we could build it up let’s say to double the existing resource then we would have a huge amount of silver only in one place to start mining in the future and as i said we want to invest 40 now on resource expansion and 60 on new discoveries well Joaquin i say congratulations to you obviously we’ve talked a couple times now this year and you’ve had some great results i know last time you just gotten the results you’re on your way flying down to argentina to be in the project and i hope you had a good time there and i’m sure it’ll be exciting the
next time you go down because like i said i mean obviously you have to prepare for the price of the metal is going to do what the price of the metal does but certainly the the combination that it is during what is quite an interesting rally and i might add even the banks now are starting to talk about issues with the silver supplies so the timing is great and it’s really fantastic to hear this news and Joaquin perhaps just could you let people know if they have questions would like to sit down talk with management find out more about what you’re doing just what’s the best way for people to reach out and get in touch yes of course if you
have some questions please write to us our bp of investor relations and communications is Vanessa Bogart i think that you can find her contact somewhere there but it’s a it’s actually on the last page of our presentation you will find her contacts at the very back of our presentation but as well you will find my contact there so please reach out to me uh Vanessa Bogart’s email it’s a vv at argentacilver.com as you can see there on the screen and my email is jm at argentacilver.com so please feel free to contact us we will be pleased to show you more about this project uh i want to remember that we are on the otc for the american
market under the ticker AGAGF if you want to trade in canada that would be AGAG only um so it is saying this is a pure silver plate is the third largest undeveloped silver project of argentina uh this is extremely rare as you can see our share price has been climbing up since where we created this company we are supported by very big people in the industry uh frank justra and edward erstein frank justra it’s a mining legend and edward erstein he’s one of the biggest real estate owners in argentina a very big agri businessman of argentina and he has always been investing in in the mining industry so he knows a lot about this so
we have local support in argentina and i think that the market is also helping us a lot at this moment the price of are looking great and um well you can see there are share price how it has been behaving right yeah certainly quite a start to the company and you know again but on the one hand i think investors also grasp that share price does what it does yet obviously that part’s good but even more important is that what you’ve been doing behind it including the latest results that came out today so i will have the link to this press release in the description field below as well as the email addresses for Joaquin and Vanessa who
is great to talk with as well so Joaquin congratulations when are you headed back down to the location well this moment i am in Vancouver i live here in canada and i think that i will be going down south probably in the next month or so you caught me last time at the airport i remember that we were talking there with some people in the back now i’m in my office working a lot with these results and having a lot of interest from the market you know we we have all the leverage from silver this is this is a pure silver play and that’s why we are getting so much leverage from from the silver prices and you know i hope to be in Argentina
very soon i hope that some more news are coming up as i said there are six three whole spending results trees so you will see more results coming in between early October and late October so please stay tuned because more results will be coming very very soon yeah and also by then you’ll be starting up what i guess that will be the summer season of the drilling program that starts in October reverse there from our north american patterns here but anyway Joaquin we’ll look forward to following that and thank you so much for the update and we’ll check back in with you again soon thanks to you talk to you soon thank you[tr:trw].
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