Pantera Finalizes Exploration Permit Process and Amends Property Acquisition Agreement
Pantera Finalizes Exploration Permit Process
and Amends Property Acquisition Agreement
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2021) -
Pantera Silver Corp.
(TSXV:
PNTR)
("Pantera Silver" or the "Company")
is pleased to announce it has completed all reports and
requirements related to receiving an exploration drill permit for the Nuevo Taxco Silver Project in the
state of Guerrero, Mexico.
The Company completed a
Manifiesto de Impacto Ambiental
("MIA")
and
a Estudio Técnico
Justificativo ("ETJ")
report and filed them with SEMARNAT. The Company subsequently received minor
comments from SERMARNAT: these have been addressed such that all conditions precedent to
receiving a drill permit for the Company's Nuevo Taxco Silver Project have now been met. The Company
is completing final preparations for drilling in anticipation of receiving a drill permit before the end of
November.
Highlights:
Manifiesto de Impacto Ambiental
("MIA")
and a
Estudio Técnico Justificativo ("ETJ
") were filed
with all remaining SEMARNAT comments addressed;
All required land access agreements with land owners are in place for the Nuevo Taxco Silver
Project;
Final permit decision expected before the end of November;
Pantera is drill ready at Nuevo Taxco site. Facilities have been secured to provide lodging for
Pantera's geological team and drilling contractor. The facility will also provide secure storage for
drill core;
Final preparation work being completed in anticipation of receiving the exploration drill permit.
Mr. Jay Roberge
,
President of Pantera Silver comments,
"We are happy to work closely with the local
authorities, and community on the imminent commencement of drilling at the Nuevo Taxco Silver
Project. Our field geologists and consultants have been extremely efficient in completing all
necessary studies and securing landowner, community and municipality agreements. Submission of
environmental MIA and ETJ to SEMARNAT and addressing all remaining comments represents the
final stages of the drill permitting process. We appreciate the hard work of SEMARNAT and the local
community in providing their support and processing the necessary studies and records despite the
challenges that COVID-19 has placed on everyone."
Nuevo Taxco Property Highlights
Twenty-one (21) high grade veins mapped and sampled within a ~135 hectare area of the
property. All have substantial width and range from 150-350 meters in length, open along strike
and depth.
Over 395 samples to date ranging from 100g/tonne to over 1,000 g/t Silver including; three (3)
samples (1,430, 1,230, 1,100 g/t), one hundred and nineteen (119) grading over 100 g/t Silver
including eighteen (18) samples between 500-900 g/t Silver and ninety-two (92) between 100- 499
g/t Silver.
Maiden drill program on priority targets within 21 vein target area (~135 hectare area).
The entire ~1,100 hectare property is considered substantively unexplored offering additional
upside exploration potential.
Amendment of Property Acquisition Agreement
Pantera Silver also announces that the Company and IMPACT Silver Corp. have signed an Amending
Agreement to the Property Acquisition Agreement (the "Amending Agreement") which amends the
Property Acquisition Agreement originally signed on November 12
th
, 2020 (the "Signing Date"), wherein
certain payments and work commitments which were to occur on the anniversary of the Signing Date
have been amended to occur on the anniversary of the Approval Date of March 20
th
, 2021.
As such, the
next payments and work commitments are to occur by or before March 20
th
, 2022.
Qualified Person and NI 43-101 Disclosure
Carlos Cham Dominguez is a "qualified person" within the meaning of the NI 43-101, and is responsible
for the technical information disclosed in this news release. Mr. Dominguez is a member of the American
Institute of Professional Geologists and a Certified Professional Geologist (CPG) No. 11760
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.
On behalf of the Board of Directors
"Jay Roberge"
CEO/Chairman
Pantera Silver Corp.
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.
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