Explorer Completes Key Phase at Top-Tier Silver Site

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Argenta Silver Corp. (AGAG:TSX.V; AGAGF:OTCQB) has completed Phase 1 of its 2025 exploration program at the El Quevar Project in Salta Province, Argentina. The program, which began on January 3, 2025, focused on expanding geological understanding of the Yaxtché deposit in the Quevar South area through a multi-pronged approach involving re-logging historical drill core, advanced geochemical and spectroscopic analysis, and regional surface mapping.

The company re-logged 23,500 meters of historical drill core, accounting for more than 32% of the total 73,000 meters drilled at Yaxtché. This effort led to new interpretations of the deposit's structural and lithological controls. Over 800 new samples were collected from previously unassayed core intervals, with results pending. High-resolution spectroscopic analysis using near-infrared (NIR) and short-wave infrared (SWIR) technologies was also conducted on 6,000 samples to identify hydrothermal alteration zones, providing further insight into mineralization pathways.

In addition to core analysis, Argenta completed 13 square kilometers of 1:10,000 scale surface mapping and collected over 700 soil and 200 rock chip samples. Results from this regional exploration work are also pending. The company has modernized its geological database to consolidate historical and new data, supporting ongoing modeling and drill planning.

Joaquín Marias, CEO of Argenta, stated in a news release, "The completion of Phase 1 marks a major technical milestone for Argenta, setting strong foundations for what is coming next. Our reinterpretation has revealed patterns and vectors of mineralization that were not previously evident." Phase 2, expected to begin in the second quarter of 2025, will include approximately 4,000 meters of drilling aimed at validation, step-out, and exploratory targets based on updated models.

Currency Instability Sustain Silver Demand

The silver sector continued to draw investor attention amid ongoing economic instability and structural changes in global monetary policy. According to a May 13 report from The Silver Academy, Ray Dalio highlighted that the collapse of the Bretton Woods system in 1971 marked a pivotal moment in monetary history, calling it "in essence, a sovereign default." The report traced the decline in the U.S. dollar's purchasing power since the Nixon Shock, noting that it had lost more than 87% of its value. It also observed that gold prices had risen from US$38 per ounce to above US$3,200, emphasizing the long-term inflationary consequences of fiat currency regimes. While Dalio focused on gold, the report raised broader implications for precious metals, citing the persistent erosion of trust in government-backed currencies as a fundamental support for silver and similar assets.

In a separate commentary released on the same day for 321 Gold, Stewart Thomson of Galactic Updates reported that "the great news is that gold, silver, and mining stocks went ballistic during the last rising rates cycle." He noted a divergence in investor behavior between Western and Asian markets, observing that "nobody in China or India celebrates good news by getting rid of their gold. Instead, they wisely buy more." Thomson pointed out that silver had shown relative strength even as gold fell by US$100 per ounce, stating that "silver was barely down on the day." He described silver as "the people's metal" and remarked that "the coming decades should see silver get a lot more respect from investors."

Also on May 13, Clive Maund published a sector update stating that the ongoing debt crisis and currency devaluation remained key drivers for higher gold and silver prices. He wrote that "more and more money [is] being created in an attempt to stabilize debt markets which is having the effect of destroying the purchasing power of currencies." Maund analyzed recent price movements in the broader precious metals sector and concluded that the correction observed in mid-April was forming a technical "bull Flag," a chart pattern that could lead to further price increases. He added that "the Accumulation line has stayed strong" throughout the correction, reinforcing his interpretation of continued bullish sentiment in the sector.

Strategic Foundations for Future Growth

Argenta Silver Corp. positions itself as a focused silver exploration company with operations in Latin America, targeting metals critical to the global energy transition. The company acquired the El Quevar Project in October 2024. Located in the pro-mining Salta Province, El Quevar is one of Argentina's largest undeveloped silver projects and is considered among the highest-grade silver resource estimates globally.

According to a September 30, 2024, NI 43-101 technical report, El Quevar contains an indicated mineral resource of 2.93 million tonnes grading 482 grams per tonne silver (45.3 million ounces Ag) and an inferred resource of 0.31 million tonnes at 417 grams per tonne (4.1 million ounces Ag). The main Yaxtché deposit remains open down plunge, with ongoing exploration expected to test both the deposit extension and adjacent mineralized targets.

The project spans 57,000 hectares, of which only 4% has been explored. Infrastructure built by the previous operator includes a fully functional camp for 100 workers, 60 kilometers of internal roads, buildings, warehouses, and proximity to a gas pipeline, high-voltage power lines, and national roads. A railway and multiple solar farms also lie nearby, enabling logistical and operational efficiencies.

Argenta's management, supported by founder and major shareholder Frank Giustra, has emphasized a disciplined and strategic approach to growth. The company is leveraging inherited data, historical drilling, and modern exploration techniques to reevaluate El Quevar's potential. Phase 2 drilling is expected to advance understanding of the deposit and support further resource expansion at a time when high-grade silver assets are gaining attention across the sector.

Strategic Investment from Eduardo Elsztain Boosts Argenta's Profile

On March 26, Peter Krauth of the Gold Advisor reported that Argenta Silver Corp. secured a CA$5 million private placement from prominent Argentine businessman Eduardo Elsztain, describing the transaction as both "a significant cash infusion and a massive vote of confidence." The investment was made through IFIS, part of the Elsztain Group, at CA$0.20 per share for a total of 25 million shares. The deal positioned Elsztain as a major shareholder with approximately 12.69 percent ownership in Argenta and entitled him to nominate a director to the company's board.

Krauth highlighted Elsztain's stature in the Argentine business community, noting his leadership roles as Chairman and CEO of IRSA, the country's largest real estate company, and CRESUD (Nasdaq: CRESY), a major agricultural firm in South America. He also chairs Banco Hipotecario and has long been active in Latin America's mining sector. Krauth described the investment as "great news highlighting a huge vote of confidence from a very high-profile businessman with an exceptional understanding of the value of real assets." He added that Argenta's shares "are up nicely since the news," supported by stronger silver prices and increased trading volumes.

Ownership and Share Structure

According to Refinitiv, management and insiders collectively hold 18% of Argenta Silver's shares. The top shareholders are Frank Giustra (15.09%), Thomas Humphreys (2.73%), and Joaquin Marias (0.31%). The remaining 82% of shares are held by retail investors. No institutional holdings have been reported.

Argenta Silver has 169.21 million shares outstanding and 138.05 million in free float. As of April 2025, the company had a market capitalization of approximately CA$44.88 million. Its shares have traded between CA$0.14 and CA$0.47 over the past year.