Armadale Capital (GB:ACP) has released an update.
Armadale Capital Plc has announced high-grade silver and lead assays from the Canyon Silver mine’s historic shafts, revealing up to 1010 g/t silver and 18% lead, signaling a strong future for the site’s exploration and development. With modern techniques enhancing the mine’s historical data, the company expects the reopened tunnels to significantly boost the project’s potential, especially as silver prices hover around $29 per ounce. Additionally, the majority of the funds from a recent £650,000 subscription to support the mine’s development have been received, promising further progress updates soon.
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