Rio Silver Reports 85% Silver, 74% Gold Recoveries from Maria Norte Property
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Rio Silver Inc. reported strong initial metallurgical test results from its Maria Norte silver-gold-lead property in central Peru, achieving recoveries of 85% for silver, 74% for gold, and 77% for lead through conventional flotation. The company noted the production of high-grade concentrates with low arsenic levels, which is a key factor for marketability in Peru. This significant operational milestone provides concrete data supporting the viability of the project and follows a recent $3.0 million private placement, which provides capital to advance development. The company is focused on progressing towards bulk sampling and concentrate generation in 2026 and 2027, with these results being a material step in de-risking and advancing its primary asset.
At the time of this announcement, RYOOF was trading at $0.32 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $18.5M. The 52-week trading range was $0.00 to $1.61. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.