Pantera Silver Completes Acquisition of Silver Exploration Assets in Bolivia
Pantera Silver Completes Acquisition of Silver
Exploration Assets in Bolivia
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) -
Pantera Silver Corp. (TSXV:
PNTR)
("
Pantera
" or the "
Company
") is pleased to announce that, further to its November 28
th
, 2024
news release, it has filed for final approval from the TSX Venture Exchange (the "Exchange") of its
previously announced arm's length acquisition (the "Acquisition") of the exclusive right and option (the
"Option) to acquire three (3) mineral claims consisting of 17,975 hectares, collectively known as the
Rakanco Project (the "Project" or the "Rakanco
Project"), located in the Mejillones and Sabaya
Provinces, Oruro Department in southwest Bolivia.
Mr. Jay Roberge, President and CEO of Pantera Silver Corp. states,
"Subject to final approval from the
Exchange we can move forward with our initial exploration plans in Bolivia and begin the process of
target definition. The Rakanco Project is situated in a region of incredible geology and a rich history of
silver mineralization and mining. Rakanco is a welcome addition to our silver-focused portfolio adding
accretive value for our company, our shareholders and the communities we work with and moves us
closer to achieving our objective of making a world-class silver discovery."
About the Rakanco Project
The Rakanco Project consists of 17,975 hectares over three concessions (individually the Fahed, Rakan
and Nada concessions) located in the Mejillones and Sabaya Provinces of Oruro Department, in the
southwest of Bolivia. The Property spans two municipal districts, Todos Santos and Carangas, and is
strategically situated for prospecting, exploration, and future exploitation activities. Each mineral claim
holds a Prospecting and Exploration License (PEL), valid for a five-year period, ensuring a secure
operational framework for mineral exploration and development, including exploration drilling. In addition
to the historical Todo Santos mine, the Rakanco Project is located adjacent to known silver occurrences,
including the recently defined Carangas deposit operated by New Pacific Metals Corp. which has an
estimated "Total indicated mineral resource of 214.9 million tonnes ("Mt") containing 205.3 million
ounces ("Mozs") of Silver ("Ag"), 1,588.2 thousand ounces ("Kozs") of gold ("Au"), 1,444.9 million
pounds ("Mlbs") of lead ("Pb"), 2,653.7 Mlbs of zinc ("Zn"), and 112.6 Mlbs of copper ("Cu"); or
collectively 559.8 Mozs silver equivalent ("AgEq")".*
Figure 1. The Rakanco Project consists of the Nada, Rakan and Fahed concessions.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5998/237977_panteraimg1.jpg
Initial Exploration Work
The Company's initial exploration work will include but not be limited to the consolidation of historical
exploration data, rock and regolith sampling, mapping and airborne geophysical and LiDAR surveying
on the Property. Further detail regarding the geological significance of the Property will be disclosed
once the historical exploration data is consolidated. The objective of this initial exploration work is to
identify and prioritize potential exploration drill targets. Further detail and planned work program
timelines will be disclosed in due course in addition to exploration work on the Company's current Nuevo
Taxco Silver project located near the municipality of Taxco, Mexico.
Qualified Person and NI 43-101 Disclosure
Dr. Thomas A. Henricksen, C. P. Geo (California), a "Qualified Person" (as defined by NI 43-101 -
Standards for Disclosure for Mineral Projects) and a senior consulting geologist to the Company, has
reviewed and approved the technical disclosures in this news release.
The Company strictly adheres to
CIM Best Practices Guidelines in preparing for and conducting, documenting, and reporting the
exploration activities on its projects.
About Pantera Silver Corp.
Pantera Silver Corp. is a mineral exploration and development company committed to enhancing
shareholder value by advancing a diverse portfolio of mineral projects through collaborative partnerships
and highly experienced technical teams. Pantera will continue to seek out and secure high-quality,
unencumbered projects through research, staking and strategic acquisitions. Throughout the process,
our mission is to help maintain prosperous communities by exploring for and discovering resource
opportunities that build lasting relationships through honest and respectful business and environmental
practices while contributing to the growing needs of mined raw materials for a new green economy.
On behalf of the Board of Directors
"Jay Roberge"
CEO/Chairman
Pantera Silver Corp.
http://www.panterasilver.com
* Source: New Pacific Metals website: "Carangas Project / Mineral Resources
https://www.newpacificmetals.com/projects/carangas/
Select "Mineral Resources" See "Highlights".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward looking statements" within the meaning of applicable Canadian
securities legislation. Forward looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties and contingencies. Forward looking
statements involve known and unknown risks, uncertainties and other factors that may cause actual
financial results, performance or achievements to be materially different from the estimated future
results, performance or achievements expressed or implied by those forward-looking statements and
the forward-looking statements are not guarantees of future performance. Pantera Silver Corp
disclaims any obligation to update or revise any forward-looking statements, whether as a result of new
information, events or otherwise, except as required by law.
Not for distribution to United States newswire services or for release publication, distribution or
dissemination directly, or indirectly, in whole or in part, in or into the United States.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/237977