Aftermath Silver Ltd is a Canadian junior exploration company engaged in acquiring, discovering and developing silver properties in stable jurisdictions like Chile. We aim to grow our business by adding quality silver resources to the project portfolio, and we’re always looking for new opportunities to take advantage of the relatively low silver price.
Challacollo Silver-Gold Project
As announced by news release dated August 1, 2018, the Company has entered into a non-binding Letter of Intent (the “Challacollo LOI”) with Mandalay Resources Inc. (“Mandalay”) to purchase the Challacollo silver-gold project (“Challacollo”) by the purchase of 100% of Mandalay’s shares in the Chilean holding company Minera Mandalay Challacollo Limitada (“MMC”), which currently owns 100% of the Project. Challacollo is the only asset held by MMC.
Challacollo is a low sulphidation epithermal deposit which hosts a historic Mineral Resource1 of Indicated of 4.7 million tonnes at 200 g/t silver and an Inferred of 1.6 million tonnes at 134 g/t silver, with associated gold credits (30.3 million ounces silver and 48.4 thousand ounces of gold)
Cachinal Silver-Gold Project
As announced by news release dated June 25, 2018, the Company has entered into a definitive agreement (the “Cachinal Agreement”) with Apogee Opportunities Inc. (“Apogee”) to purchase Apogee’s holding in the Cachinal De La Sierra Silver-Gold Project (“Cachinal”) through the purchase of Apogee’s shares in the Chilean holding company Minera Cachinal S.A., representing 80% ownership.
Cachinal, is a low sulphidation epithermal deposit which currently hosts a current Mineral Resource2 of Indicated of 5.7 million tonnes at 101 g/t silver and an Inferred of 0.8 million tonnes at 115 g/t silver, with associated gold credits (18.41 million ounces silver and 24.03 thousand ounces of gold).