Rio Silver

Corporate Profile

The Company’s flagship, the 100% owned Ninobamba Project, hosts 2 discreet precious metal deposits at opposite ends of an 8 km prospective corridor in a prolific precious metals hosting geological belt in central Peru. The Company has modelled 2 world class resource targets where previously the Company, Newmont Mining and others have spent upwards of US$10 million evaluating this mineralized trend. The silver-rich Ninobamba “Main Zone and South Zones” are drill ready and the Company’s geologists have targeted the near surface, silver and gold mineralization as a potential open pit. At the other end of this trend is the Jorimina Gold Zone that was the primary focus of the Newmont exploration.

Royalty Stream – The Company has recently negotiated a 3 percent NSR (Net Smelter Return) royalty income stream from the sale of its interest in the Palta Dorada Au Ag Cu project. Joint venture partner Peruvian Metals Corp., who owns a nearby toll milling process plant, purchased the Companies 50% interest in a deal that included cash and a guaranteed minimum royalty payments for 5 years. Revenue streams, capped at USD$ 2 million, are expected to ramp up by Q4, 2024 and steadily improve through 2025, providing increasing benefit to the Company.