Mantaro drills 6.46 g/t gold over 4 metres at Golden Hill, Bolivia

Mantaro Precious Metals Corp. [MNTR-TSXV; MSLVF-OTCQB; 9TZ-FSE] reported additional high-grade gold assay results from the maiden diamond drill program at the Golden Hill property, Bolivia. Full and partial assays are pending on remaining 16 drill holes from La Escarcha gold deposit as well as Gabby, Westhill and Brownfield targets.

Highlights: Gold assay results include 8.00 metres of 3.78 g/t gold from 111 metres downhole (including 5.90 metres of 4.85 g/t gold from 111 metres) in GH0005. Assay results pending between 64 to 111 metres and 134 to 149 metres.

Hole GH0006 returned 4.00 metres of 6.46 g/t gold from 76 metres downhole (including 2.00 metres of 12.73 g/t gold from 76 metres) and 3.00 metres of 4.00 g/t gold from 67 metres downhole (including 1.89 metres of 6.23 g/t gold from 67.58 metres). Assay results for this hole pending between 103 to 211 metres.

GH0002 returned 2.40 metres of 6.13 g/t gold from 119.58 metres downhole (including 1.14 metres of 12.65 g/t gold from 119.58 metres) and 3.16 metres of 2.26 g/t gold from 41.84 metres downhole.

GH001 returned 1.00 metre of 16.7 g/t gold from 108 metres downhole. Assay results pending between 129 to 182 metres.

GH007 returned 4.28 metres of 2.14 g/t gold from 111.91 metres downhole. Assay results pending between 134 to 273 metres.

High-grade gold mineralization intercepted across the “C” structure over 150 metres strike length and to depths of over 100 metres below La Escarcha Pit in holes GH0002, GH0003, GH0004 and GH0005.

High-grade gold mineralization intercepted across the C1, C2 and C3 structures over 150 metres strike length in holes GH0001, GH0002, GH0006 and GH0007.

Assay results from several up and down dip extensions along structure from high-grade intercepts pending in holes GH0004, GH0005, GH0006 and GH0007.

Dr. Christopher Wilson, Chairman and Chief Geologist, commented, “The results of the drill program at Golden Hill demonstrate significant high-grade within 100 meters of surface. Importantly, we received consistent gold assay results across robust widths beneath the historical open pit mining at La Escarcha. High-grade gold mineralization was intersected over the main vein structures, being C, C1, C2 and C3. We are excited to see the assays on the balance of GH004, GH0005, GH0006 and GH0007 as well as the other 12 drill holes.”

Hole GH0001 was drilled to test the down dip extensions of surface workings exploiting the ‘C1’, ‘C2’, ‘C3’, ‘C’ and ‘C4’ quartz shear zones. All five target structures were intercepted during drilling. Assay results have confirmed significant gold mineralization across ‘C1’ , ‘C2’ and ‘C3’, returning 2.0 metres of 1.17 g/t gold across ‘C1’ and 1.0 metre at 16.70 g/t gold across ‘C2’.

Hole GH0002 was drilled to test the down dip extensions of gold mineralized quartz-carbonate shear zones that have been mined at surface and underground at La Escarcha gold deposit. Assay results confirmed gold mineralization continues to depths of nearly 100 metres below surface across the C2 structure, being 2.4 metres of 6.13 g/t gold (including 1.14 metres of 12.65 g/t gold) from 119.58 metres. Also, GH0002 intercepted 3.16 metres at 2.26 g/t gold across the ‘C’ structure.

Hole GH0004 was drilled to test the up-dip extensions of shear zones identified in GH0003. Significant gold mineralization was intercepted across the ‘C3’ shear zones, 1.44 metres at 1.01 g/t gold and 1.37 metres of 5.82 g/t gold. High grade gold mineralization was intercepted across the ‘C’ structure including 0.75 metres at 3.51 g/t gold. Assay results corresponding to the ‘C4’ structure are pending.

Hole GH0005 was drilled to test the southern strike extension of gold mineralization from the focus of historic. Assays from the ‘C’ structure returned gold grades of 8.0 metres at 3.77 g/t gold from 111 metres including 5.9 metres at 4.85 g/t. Assay results across the other 4 structures are pending.

Hole GH0006 was drilled to test the down dip extensions of quartz-carbonate shear zones identified in core from hole GH0005. The hole intercepted all 5 shear zones as expected.

Hole GH0007 was drilled to test the down dip extension of shear zones intercepted in hole GH0003. Assay results have confirmed significant gold mineralization across the ‘C2’ structure of 4.28 metres at 2.14 g/t gold from 111.91 metres. Assay results corresponding to the ‘C3’, ‘C’ and ‘C4’ are pending.

Hole GH0010 was drilled to test the continuity of the ‘C’ structure south of the historic open pits bounds. No significant assay results were returned.

Golden Hill is centered on a broadly north-south trending regional structure that hosts the La Escarcha underground mine and the Gabby, Garrapatillia and Brownfields workings and gold-bearing vein occurrences in its western hanging wall.

Mantaro holds an option to acquire up to an 80% interest in the advanced Golden Hill property located in the underexplored, orogenic Bolivia Shield, Bolivia.