Trinity One Metals has compiled historic 1978 drill records from the Silver-1 Mine in Ecuador, identifying high-grade silver-lead-zinc intercepts. Notably, hole SB-18 returned 2.60 m at 1,240 g/t silver at depths below the known historical mining limit.
Trinity One Metals provided an operations update highlighting encouraging initial silver and gold grades from tailings and waste rock sampling at the Silver-1 Mine in Ecuador. The company also reported the completion of a 600m diamond drilling campaign at the Victory Project in Mongolia, with assay results pending.
LunR Royalties Corp. has entered into a binding term sheet to acquire a life-of-mine silver stream on the Fruta Del Norte mine in Ecuador from Lundin Gold Inc. for approximately $670 million in shares. The transaction will provide LunR with significant long-term silver exposure and immediate cash flow, potentially making it one of the largest precious metals royalty companies globally.
