Communiqué officiel de SILVER VALLEY METALS CORP.
Vancouver, British Columbia–(Newsfile Corp. – November 17, 2023) – Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) (“Silver Valley” or the “Firm”), a brownfield exploration Firm with two tasks comprising silver-zinc-lead situated in north Idaho, USA and lithium – potassium (sulphate of potash) situated in Zacatecas and San Luis Potosi, Mexico respectively, is happy to announce the appointment to the Board of Administrators, Mr. Miroslav Reba. The Firm additionally broadcasts the resignation of Mr. Clive Massey from the Board of Administrators. Silver Valley wish to thank Mr. Massey for his service and contribution to the Firm and needs him effectively.
Mr. Miroslav (Miro) Reba is a associate and co-founder of Tectonic Advisory Companions, which was established in 2012 in New York Metropolis, USA. Mr. Reba is a mining finance specialist and has spent over 20 years creating a clientele base by quite a few unstable market cycles of the metals market whereas delivering profitable strategic and company financing targets. Mr. Reba has constructed a community of worldwide relationships spanning main mining investor markets, together with Australia, the united statesA, and Canada. Mr. Reba has been concerned in and/or chargeable for elevating greater than half a billion {dollars} so far.
Lately, Mr. Reba has been significantly lively within the lithium house, financing and strategically advising a number of best-in-class lithium tasks throughout completely different geographies worldwide, together with Galan Lithium (ASX: GLN), a world-class high-grade lithium brine deposit on the Hombre Muertos salar in Argentina, and Patriot Battery Metals (TSX:PMET), the world-class laborious rock lithium Corvette deposit in James Bay Quebec, Canada.
Earlier than Tectonic Advisory Companions, Mr. Reba helped construct a thriving mining finance apply for 5 years at Rodman Renshaw, a New York-based funding financial institution.
Mr. Reba holds a global regulation diploma from the College of Durham, UK, and earned his undergraduate diploma from the College of London, UK.
Brandon Rook, CEO, states, “We at Silver Valley are energized that Miro has joined the Board at this strategic second the place the Firm is poised for sturdy development, significantly at its Mexi-Can lithium-potash mission, which is anticipated to return again on-line quickly. Miro brings a wealth of information and expertise, significantly within the lithium house and particularly delivering just lately with quite a few profitable financings and attracting, contributing, and supporting constructive and long-lasting partnerships within the mining enterprise. We sit up for a profitable 2024 in Mexico and Idaho.”
Company Replace:
The exploration season in Idaho on the Ranger-Web page silver-zinc-lead Challenge has concluded for the yr. A 24-hour-per-day project-wide trenching program concentrating on quite a few potential areas on the mission, which had been outlined from its inaugural 2022 exploration program was accomplished along with street constructing for drilling entry, drill platform preparations, subject mapping, geochemical assaying, and geological modelling. The Firm is worked up to share outcomes in the end from floor discoveries and a number of other high-priority drill-ready targets just lately outlined.
As a result of market circumstances and the onset of winter climate the Firm made the choice to not elevate further funds to drill Ranger-Web page instantly after the conclusion of the section 2 exploration program this fall. The Firm has utilized its treasury over the previous 6 months to satisfy all its monetary obligations together with a number of choice funds at Ranger-Web page, and creating Ranger-Web page to a drill prepared state with well-defined high-priority drill targets.
Moreover, there was continued funding on the Mexi-Can lithium-potassium mission in Mexico. This contains behind the scenes geological modeling, evaluating extraction strategies for lithium and potassium, defining subsequent steps, budgets, and ongoing discussions with potential strategic buyers for the event and future manufacturing on the mission. The Firm believes that there shall be a constructive final result for the Mexico mission and as soon as it’s reactivated it would be the catalyst for the Firm to lift funds.
As beforehand disclosed, discussions are lively and advancing with LitioMX, the nationwide lithium Firm of Mexico. In individual conferences in Mexico Metropolis and Hermosillo, Mexico have taken place and follow-up conferences proceed. Discussions have superior and from Silver Valley’s viewpoint, the Firm and LitioMX are “shut” to an agreeable and mutually helpful conclusion.
We thank the shareholders of the Firm for his or her persistence and help by this era whereas we finalize an settlement with LitioMX. Now we have a robust conviction that the mission shall be Firm defining and that the shareholders will in the end be rewarded on account of Administration’s continued efforts to guard the share construction of the Firm.
Hyperlink to Web site: http://www.silvervalleymetals.com
Social Media:
Fb: https://www.fb.com/silvervalmetals
X: https://twitter.com/silvervalmetals
Instagram: https://www.instagram.com/silvervalmetals
Linked-In: https://www.linkedin.com/firm/silvervalmetals
YouTube: https://youtube.com/@silvervalmetals
Certified individual:
Timothy Mosey, BSc, MSc, SME, is the certified individual for the corporate and certified individual as outlined by Nationwide Instrument 43-101.
About: MexiCan Lithium – Potassium (sulphate of potash) Challenge:
Silver Valley Metals Corp. owns a 100% curiosity in a lithium and potassium bearing salar complicated comprising 4,056 hectares on three mineral concessions (“the Mexico-Canada Challenge” or “Mexi-Can Challenge”) situated on the Central Mexican Plateau within the states of Zacatecas, and San Luis Potosi, Mexico. The NI 43-101 inferred mineral useful resource incorporates 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equal (LCE) outlined solely from floor to a median of 5 metres depth. The salars stay huge open in all instructions for enlargement.
About: Ranger-Web page mission:
The Ranger-Web page Challenge (“The Challenge”) is within the Silver Valley, northern Idaho, USA, 60 kilometers east of Coeur d’Alene and 1 kilometer from the I-90 freeway. In 2020 Idaho was ranked the primary on the planet in coverage notion and ninth finest mining jurisdiction (Fraser Institute Annual Mining Survey). The Challenge borders the well-known Bunker Hill Mine to the east and, for the primary time, consolidates the western extent of the prolific Silver Valley mining hall by one operator previously 100+ years.
The Challenge contains 6 historic mines on patented claims, with out royalties. The most important of those, the Web page Mine, was a high ten producer within the Silver Valley yielding over 1.1 billion kilos of zinc and lead and 14.6 million ounces of silver. The Web page Mine has excessive grade silver-zinc-lead historic reserves and stays open at depth and alongside strike past what has been recognized so far.
Historic mining on the properties have shared underground infrastructure from the bigger Web page mine to the Blackhawk mine. The Firm has underground mining information and floor geological information that helps excessive grade silver-zinc-lead mineralization current inside the different shallow, undeveloped mines. These mines stay open at depth, and laterally alongside strike.
Exploration potential past the historic mines is taken into account important as trendy systematic exploration is being utilized to the mission for the primary time.
About: Silver Valley Metals:
Silver Valley Metals Corp. is a Canadian exploration firm comprised of a bunch of skilled exploration, mining, and financing specialists targeted on the pursuit of mineral discovery and growth. We’re targeted on the development of strategic and valuable mineral properties together with Lithium-Potash in Mexico and Silver-Zinc-Lead in northern Idaho, USA.
On behalf of the Board of Administrators of Silver Valley Metals,
“Brandon Rook”
Brandon Rook, President & CEO, Director
For additional info please contact: 604-800-4710
E-mail: [email protected]
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The knowledge contained herein incorporates “forward-looking statements” inside the which means of relevant securities laws. Ahead-Wanting statements relate to info that’s based mostly on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that specific predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency aren’t statements of historic truth and could also be “forward-looking statements.” Ahead-Wanting statements are topic to a wide range of dangers and uncertainties which may trigger precise occasions or outcomes to vary from these mirrored within the forward-looking statements, together with, with out limitation: dangers associated to failure to acquire satisfactory financing on a well timed foundation and on acceptable phrases; dangers associated to the result of authorized proceedings; political and regulatory dangers related to mining and exploration; dangers associated to the upkeep of inventory trade listings; dangers associated to environmental regulation and legal responsibility; the potential for delays in exploration or growth actions or the completion of feasibility research; the uncertainty of profitability; dangers and uncertainties regarding the interpretation of drill outcomes, the geology, grade and continuity of mineral deposits; dangers associated to the inherent uncertainty of manufacturing and value estimates and the potential for sudden prices and bills; outcomes of prefeasibility and feasibility research, and the likelihood that future exploration, growth or mining outcomes won’t be in step with the Firm’s expectations; dangers associated to commodity worth fluctuations; and different dangers and uncertainties associated to the Firm’s prospects, properties and enterprise detailed elsewhere within the Firm’s disclosure report. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might range materially from these described in forward-looking statements. Buyers are cautioned in opposition to attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm doesn’t assume any obligation to replace or revise them to mirror new occasions or circumstances. Precise occasions or outcomes may differ materially from the Firm’s expectations or projections.
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