Cartier Silver is an exploration and development Company focused on discovering and developing its recently acquired silver property assets, including the Chorrillos Project and claims staked by the Companyâs subsidiary â â â â â â â â â â â â â [Open in your browser]( NEWS BLAST [Logo]
--------------------------------------------------------------- Press Release - Cartier Provides Update on its Chorrillos Project, Southern Bolivia TORONTO, Jan. 15, 2024 -- Cartier Silver Corporation ([CSE:CFE]( ("Cartier Silver" or the "Company") is pleased to report that through its Bolivian subsidiary, Minera Cartier Bolivia S.R.L. ("Cartier Bolivia"), it has acquired 30% of the capital quotas (the "Acquisition") of Empresa Minera Gonalbert S.R.L. and Empresa Minera Segovia S.R.L. (the "Vendors"), who are the registered title holders of two separate properties, the Gonalbert Mining Area and Felicidad Mining Area, both part of the Company's Chorrillos Project, located in Southern Bolivia. The Acquisition was completed pursuant to the definitive acquisition agreement entered into between Cartier Bolivia and the Vendors (the "Agreement") dated December 12, 2022, whereby Cartier Bolivia completed staged payments aggregating US$300,000 as consideration for 30% of the Vendors' capital quotas. As per the Agreement, Cartier Bolivia can acquire 100% of the Vendors' capital quotas for aggregate consideration of US$4.5 million, to be paid in staged payments on or before December 12, 2027. With the previously announced staking of additional claims covering 29.25 sq. km immediately south and west of the Felicidad and Gonalbert properties, and the acquisition of an additional claim in the same belt approximately 5 km south of Tupiza, Bolivia, the holdings of Cartier Bolivia in the expanded Chorrillos Project total 69.75 sq. km. About Cartier Silver Corporation Cartier Silver is an exploration and development Company focused on discovering and developing its recently acquired silver property assets, including the Chorrillos Project and claims staked by the Company's subsidiary, all of which are located in the Potosi Department of southern Bolivia. The Company also holds significant iron ore resources at its Gagnon Holdings in the southern Labrador Trough region of east-central Quebec, and the Big Easy gold property in the Burin Peninsula epithermal gold belt in the Avalon Zone of eastern Newfoundland & Labrador. For further information please visit Cartier Silver's website at www.cartiersilvercorp.com For further information please contact: ThomasG.Larsen
Chief Executive
(800) 360-8006
(416) 360-8006 Jorge Estepa
Vice-President
(800) 360-8006
(416) 360-8006 The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historical facts are âforward-looking statementsâ & readers are cautioned that any such statements are not guarantees of future performance, & that actual developments or results, may vary materially from those in these âforward-looking statementsâ. PDF available: Click here to visit the [Cartier Silver Corp]( website --------------------------------------------------------------- The Information in a Stockhouse Publishing Ltd. Stockhouse News Blast is a paid advertisement and is for the viewers information only. The corporate information is purely and solely the responsibility of Cartier Silver Corp and it is neither commented upon, researched, or in any manner the responsibility of Stockhouse Publishing Ltd., whose only function is as a supplier of media facilities. Any information provided by the advertisers of Stockhouse Publishing Ltd., through its media services, is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided purely as an informational media service. Stockhouse Publishing Ltd. makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the reader or their financial advisor. Investing in securities is speculative and carries risk. Persons who wish to buy or sell securities should only do so at their own risk and in consultation with their registered securities advisers. [Join The Conversation]( --------------------------------------------------------------- [stockhouse]( Stockhouse Publishing Ltd.
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