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VANCOUVER, Jan. 9, 2020 /CNW/ – Rio Argent Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces the accretion of the Palta Dorada Au-Ag-Cu acreage (“Palta Dorada” or the “Property”). The acreage contains several high-grade gold-silver veins both oxide and sulphide that has been mined by artisanal methods. The Company has additionally active a Memorandum of Understanding (“MOU”) with Peruvian Metals Corp (“Peruvian Metals”) to accordingly analyze the Palta Dorada Au-Ag-Cu Acreage (“Palta Dorada” or the “Property”) by initially administering a abundant sampling and mapping affairs forth with a aggregate sampling attack and processing the mineral at Peruvian Metals’ 80% endemic Aguila Norte Processing Plant (“Aguila Norte or Plant”).

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The Palta Dorada Au-Ag-Cu Acreage is amid in the Ancash Mining Department in Northern Peru and covers an breadth of about 1200 hectares. The Acreage is attainable from the Plant by about 180 kms of mainly paved roadway. The MOU establishes a collective accomplishment to analyze and advance the property. Any sales from metal concentrates produced from the aggregate sampling action and all operational costs will be aggregate amid companies. Peruvian Metals’ 80% endemic Plant will allegation the collective accomplishment bartering mineral processing ante on a agnate base to its added audience for processing the aggregate samples.

Peruvian Metals will additionally accept the advantage to acquire a 50% buying in the property. Equal buying will action already Peruvian Metals has akin Rio Silver’s accretion amount of the activity of $250,000 US by bold all basic and analysis expenditures. Any arrears of basic amount by Peruvian Metals will crave a banknote acquittal to the collective accomplishment by December 31, 2021. Both companies will admission into a absolute actor acceding in Peru shortly.

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Limited apparent mapping and sampling has articular several oxide Au-Ag veins hosted in granodioritic rocks. The antecedent buyer completed all-encompassing assembly accessible admission to several levels for analysis and aggregate sampling, as able-bodied as bound small-scale aggregate sampling in several adits and shafts. The basic alive is a 53 accent shaft area miners hoisted mineral to the surface. Eight dent samples accept been taken from quartz veins absolute sulphides in the shaft at assorted depths. After-effects from these samples ambit from 3.06 g/t Au to 24.1 g/t Au, 36 g/t Ag to 865 g/t Ag and 0.22% Cu to 4.94% Cu over an boilerplate amplitude of 60 centimeters. The abounding boilerplate of the quartz-sulphide attitude is 9.61 g/t Au, 256 g/t Ag and 1.42% Cu over the 60 centimeters. The mineralized NEE-SWW mesothermal attitude apparent in this basic alive has been empiric over an 800 accent bang breadth on surface. The oxide-sulphide alteration occurs at about 25 metres beneath surface.

At the antecedent acreage appointment by the QP, about 45 tonnes of mineral had been selectively exploited; duke sorted and sacked alfresco of the basic alive accessible for addition to tolls mills in Southern Peru. Two blended samples were taken from assorted sacks and alternate an boilerplate brand of 26.7 g/t Au, 23.76 oz/t Ag and 3.16% Cu. The samples taken were called accidental grabs from duke sorted sacks and are not adumbrative of the mineralization hosted on the property.

A third accidental blended sample of about 50 kilograms was taken from these sacks and acclimated for metallurgical work. The assignment performed on this sample by Procesmin Ingenieros Laboratories arch a arch brand of 23.21 grams/MT Au, 29.04 oz/MT Ag and 4.95% Cu. Metallurgical assignment showed that two concentrates can be produced. The aboriginal and added admired apply graded 125.59 grams Au/MT, 4,808 grams Ag/MT and 24.41% Cu. A additional Au-pyrite apply was additionally produced graded 11.46 grams/MT Au, 565 grams Ag/MT and 2.90% Cu.

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Artisanal apparatus on a additional SEE-NWW anatomy arctic of the basic alive apparent acerb breakable quartz veins alignment amid 30 to 70 centimeters in width. Four blended samples taken from mineral sacks absolute heavily breakable absolute accessible for addition ranged from 8.65 g/t to 17.3 g/t averaging 12.4 g/t Au. The samples taken from the sacks were accidental grabs and are not adumbrative of the mineralization hosted on the property. A bottle-roll metallurgical sample with a arch brand of 13.0 g/t Au and 102 g/t Ag alternate a 92.15% gold and 65% argent recoveries over 36 hours.

Peruvian Metals will act as the abettor of the collective accomplishment and will be amenable to access all the permits all-important to analyze and abstract a aggregate sample and expects no allowing issues. An able underground architect has agreed to alpha the mobilization of the compressors and accessories to the armpit to abstract the aggregate sample. The aggregate sampling and analysis is accepted to arise in the aboriginal division of 2020.

Chris Verrico, CEO of Rio Argent states: “We are absolute admiring to accept able these milestones, leveraging our collective assets and alive together. The Palta Dorada acreage has several high-grade Au-Ag-Cu veins accessible to be aggregate sampled and candy at the Aguila Norte Plant. Oxide gold absolute can additionally be aggregate sampled and brash at a cardinal assessment mills. Antecedent development and analysis will abide of afloat forth the sulphide veins in this arresting structure, potentially anecdotic a minable adeptness which would alone enhance our adeptness to analyze our flagship Niñobamba activity in a appropriate manner.”

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Jeffrey Reeder, P Geo, a able being as authentic in National Instrument 43-101, has prepared, supervised the alertness or accustomed the authentic and abstruse acknowledgment independent in this account release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.

This account absolution includes advanced statements that are accountable to risks and uncertainties. All statements within, added than statements of absolute fact, are to be brash advanced looking. Although the Company believes the expectations bidding in such advanced statements are based on reasonable assumptions, such statements are not a agreement of approaching achievement and absolute after-effects or developments may alter materially from those in advanced statements. Factors that could account absolute after-effects to alter materially from those in advanced statements accommodate bazaar prices, corruption and analysis successes, connected availability of basic and financing, and accepted economic, bazaar or business conditions. There can be no assurances that such statements will prove authentic and, therefore, readers are brash to await on their own appraisal of such uncertainties. We do not accept any obligation to amend any advanced statements except as appropriate by applicative laws

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SOURCE Rio Silver

Sample Update Memo Here’s Why You Should Attend Sample Update Memo – sample update memo
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Last Updated: January 19th, 2020 by assam
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