Mitre Mining (ASX: MMC) acquires Cerro Bayo silver and gold project in Chile (w/ Ray Shorrocks)

Mitre Mining (ASX: MMC) executive director Ray Shorrocks joins Small Caps to discuss the company’s recent acquisition of the large Cerro Bayo silver-gold project in Chile. Supported by a successful capital raising, Mitre is looking to build on Cerro Bayo’s existing JORC inferred resource of 3.82 million tonnes at 206 grams per tonne for 24.7 million ounces silver equivalent. Mitre’s immediate focus is a program of rapid resource growth at a project which was in production for over 15 years. Closer to home Mitre has identified lithium and rare earth opportunities at its 100%-owned Hillside project in Western Australia’s Pilbara region. Mitre is planning to undertake detailed geology field mapping, rock chipping and extension soil sampling with a program to commence immediately in early Q1 2024. Articles:https://smallcaps.com.au/mitre-mining-lithium-rare-earths-finds-maiden-soil-program-hillside/https://smallcaps.com.au/mitre-mining-acquires-transformational-chilean-silver-gold-project/ For more information on Mitre Mining:https://smallcaps.com.au/stocks/asx-mmc/See omnystudio.com/listener for privacy information.