Rio Silver (TSE:RYO) has released an update.
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Rio Silver Inc. has successfully secured a one-year surface access agreement for the Jorimina Project in Peru, positioning the company to initiate drilling activities. The agreement follows extensive preparatory work, including an Environmental Impact Study and collaboration with the local community, and leverages historical exploration data from a former joint venture with Newmont. With drill permits expected in the third quarter of 2024, Rio Silver anticipates advancing Jorimina towards resource delineation, potentially leading to significant valuation gains for shareholders.
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