Key Environmental Approval For Santas Gloria Silver Property

VANCOUVER - Mantaro Precious Metals Corp. reported that the Peruvian Ministry of Energy and Mines has approved the Ficha Tecnica Ambiental (environmental application) (FTA) for the exploration of the Santas Gloria Silver Property, located in Peru. The FTA is one of the final steps before receiving a permit to drill Santas Gloria.  Mantaro can now apply for final permits (water use and initiation of activities) for drilling activities.  Assuming the final permits are granted, Mantaro anticipates that it will be permitted to drill Santas Gloria in August 2022.

The high-grade Santas Gloria Silver Property is comprised of seven mineral concessions totaling 3,272 hectares. There are over 12 strike km of untested veins at Santas Gloria. Channel sampling of sulphide material in historical adits returned robust assays of up to >10,000 g/t Ag, 56.3 g/t Au, 10.3 % Pb and 9.07 % Zn.