{"id":1149535,"date":"2019-11-13T08:15:13","date_gmt":"2019-11-13T14:15:13","guid":{"rendered":"https:\/\/www.mining.com\/?p=1006533"},"modified":"2019-11-13T08:15:13","modified_gmt":"2019-11-13T14:15:13","slug":"tsxv-greenlights-aftermaths-purchase-of-silver-project-in-chile","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1149535","title":{"rendered":"TSXV greenlights Aftermath\u2019s purchase of silver project in Chile"},"content":{"rendered":"<p>The TSX Venture Exchange approved a purchase agreement between Aftermath Silver (TSXV: AAG) and Mandalay Resources (TSX:MND) related to the Challacollo silver project in Chile.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The deal entails that Aftermath will acquire 100% of the Chilean holding company which holds title to the project. To do so, the Vancouver-based miner has to pay C$2 million in cash in different installments and C$5.5 million in Aftermath shares of up to a value of C$2.75 million and the balance in cash.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Silver-gold-zinc mineralization at Challacollo occurs in a series of sub-parallel, low-sulphidation epithermal quartz veins and brecciated quartz veins\/structures<\/p>\n<\/blockquote>\n<\/figure>\n<p>Located in northern Chile, Challacollo is a low-sulphidation epithermal deposit which hosts a historic mineral resource of 30 million silver ounce indicated (4.7 million tonnes at 200 g\/t silver) and a 6.9 million silver ounce inferred (1.6 million tonnes of 134 g\/t), with associated gold credits.<\/p>\n<p>According to Aftermath, previous drilling concentrated on the principal vein to a depth of about 200 metres below surface.&nbsp;<\/p>\n<p>&#8220;Aftermath will focus its initial exploration efforts on parallel vein systems, not included in the historic mineral resource, that have some preliminary drilling,&#8221; the company&#8217;s CEO, Ralph Rushton, said in a media statement. &#8220;The oxidation level bottoms at approximately 200 metres below surface; however, the down-dip extent of the mineralized structures remains unknown.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian miner signed a purchase agreement with Mandalay Resources.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"class_list":["post-1149535","post","type-post","status-publish","format-standard","hentry","category-miningcom","tag-exploration"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1149535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1149535"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1149535\/revisions"}],"predecessor-version":[{"id":1149664,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1149535\/revisions\/1149664"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1149535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1149535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1149535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}