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Mantaro Precious Metals completes initial four diamond drill holes at the La Escarcha gold deposit in Bolivia.

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Mantaro Precious Metals (TSXV:MNTR) (OTCQB:MSLVF) (FSE:9TZ) has completed an initial four diamond drill holes at the La Escarcha gold deposit in Bolivia. The La Escarcha gold deposit, located in the Golden Hill Property, Bolivia, is one of the company’s three projects in South America, with the 100% owned San Jose and Santas Gloria projects both located in Peru.

Additional Information:

Company: Mantaro Precious Metals
Website: https://www.mantaropreciousmetals.com/
Stock Symbol: TSXV:MNTR
Date Published: Jun 15, 2022
Transcript: Available

Video Transcript:

Mantaro Precious Metals Corp. (TSXV:MNTR) (OTCQB:MSLVF) (FSE:9TZ) has completed an initial four diamond drill holes at its La Escarcha gold deposit in Bolivia.

The La Escarcha gold deposit, located in the Golden Hill Property, Bolivia, is one of the company’s three projects in South America, with the 100% owned San Jose and Santas Gloria projects both located in Peru.

Montaro has an option to earn-in to a 80% interest in the La Escarcha gold deposit.

To date, Mantaro has drilled a total of 720 meters under its maiden 5,000-meter drill program, with the first four
diamond drill holes targeting down dip extensions of historically mined veins at La Escarcha open pit.

This initial drilling has successfully intercepted, to depths of 150 meters beneath surface, down dip extensions of the five primary gold bearing quartz shear zones, historically exploited via surface open pit and underground workings at La Escarcha Mine.

The vast majority of the diamond drilling was drilled in PQ diameter and reduced to NQ size at 150 meters depth in hole GH0003.

Holes have been drilled from -34 ° to -61 ° dip, with hole lengths ranging from 170 to 250 meters, and an excellent core recovery of nearly 100%.

Craig Hairfield, CEO, stated: "We are extremely pleased with the progress made by our team and Leduc Drilling at La Escarcha. Core recovery has been excellent. The four holes drilled to date have all intercepted sulphidic quartz-carbonate veins and veinlets beneath mineralization mapped in underground workings. Mineralization is open in all directions and the next phase of drilling will initially target the southern and northern strike extensions of the system. The system remains open at depth. It is anticipated that the first batch of samples will be dispatched to ALS this week and assays are expected approximately 6 weeks after."

Additional drilling aims to further extend the down dip and strike extensions of the five key gold bearing structures at La Escarcha gold deposit.

Thereafter, the drill programs focus will shift to the southern strike extensions of the Golden Hill vein system, beneath areas with historic surface workings, at the Gabby and Garrapatillia prospects.

Drilling will then be utilized to test gold mineralization across the parallel vein swarm located directly west of La Escarcha at the Westfield prospect.

The shares are trading at $0.115.

For more information, please visit the company’s website at www.mantaropreciousmetals.com, contact Craig Hairfield, CEO, at 647-689-6041 or by email at info@mantarosilver.com.