“Masivo Silver Finalizes Option Agreement for Silver and Gold Property in Sinaloa”
“Masivo Silver Finalizes Option Agreement for Silver and Gold Property in
Sinaloa”
Vancouver, British Columbia, March 7, 2022 - Masivo Silver Corp. (“Masivo” or the
“Company”) (TSXV: MASS)(OTC:GNYPF) Today announced it has signed an option Agreement for
a Silver and Gold property (the “Property”) in the area of “La Noria” in the State of Sinaloa.
This 99.07-hectare concession named “Ofir” is part of our “La Noria Dorada” project, which currently
consists of 295 hectares. Masivo continues to negotiate on several neighboring mineral concessions and
is expecting to add approximately an additional 2,000 hectares more to this project in the near future.
Our team of Geologists advise that the present mineralized veins are the continuation of the previously
identified ENE trending epithermal vein system hosted in volcanic rocks of andesitic composition
coming from Masivo Silver’s adjacent property which has attractive historic and recent samples
including 17.5 g/t Au over 5 meters, 11.60 g/t Au over 1.20 meters and another of 18.20 g/t Au over 0.90
meters.
“Our team of Geologists is very excited to begin work on this property, as this is starting to give the
company a better understanding of the bigger picture in this region” stated David Coburn, Masivo Silver
Corp. CEO.
Terms of agreement: The company will grant 27,500 shares at signing, 55,000 shares and $4,400.00
USD in cash on the first anniversary, 82,500 shares and $6,875.00 USD in cash, on the second
anniversary, 110,000 shares and $11,000.00 USD in cash on the third anniversary, and 550,000 shares
and $27,500.00 USD in cash on the fourth anniversary. The Company is also required to spend at least
$75,000.00 USD on exploration activities on the Property.
Qualified Person
Brian Brewer, CPG, is Masivo Silver's qualified person for the company's projects in Mexico and
Nevada, and has approved this news release.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada.
Masivo is currently focused on advancing its exploration projects in the State of Nevada, US, and in the
State of Sinaloa, Mexico. The Nevada projects are located in the highly prolific mining district of Elko
County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims,
including the historic Boston Mine. In Mexico, Masivo’s mining focus includes silver and gold
exploration, development, and ore processing within an aggregate of 14,000+ hectares (35,000+ acres)
strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The
Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per
day. Additional information on Masivo’s current operations and vision, is available on the Company’s
website at www.masivosilver.com or email [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
For information, please contact the Company:
Phone: +1 (602) 315-1231
E-mail: [email protected]
Website: www.masivosilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.