Silver Wolf Acquires Ana Maria, El Laberinto Properties

Silver Wolf Exploration announced the completion of all expenditure and payment requirements to acquire a 100% interest in the Ana Maria and El Laberinto properties in Mexico. After the acquisition, Avino Silver & Gold Mines ended up owning 18.19% of Silver Wolf’s shares. The acquisition was finalized following the issuance of 2,000,000 common shares to Avino Silver & Gold Mines valued at CA$400,000 (US$290,730) based on a deemed price of C$0.20 per share.

This transaction concludes the terms of the option agreement originally signed with Avino Silver in August 2020 and amended in October 2020. Under the agreement, Silver Wolf fulfilled its obligations by issuing a total of CA$600,000 worth of common shares to Avino and incurring over CA$750,000 in exploration expenditures on the properties. The closing of the transaction remains subject to customary conditions in Mexico, Silver Wolf clarified.

Peter Latta, President, Silver Wolf, stated that securing full ownership, combined with a recently completed private placement, positions the company to advance the Ana Maria project in Durango. The company is preparing for a 3,000m, 13-hole drill program scheduled for 2026.

To support the next phase of exploration, Silver Wolf has partnered with VRIFY to utilize artificial intelligence (AI) for prospectivity mapping and targeting. The technology will be used to optimize the upcoming drill program and identify additional areas of potential mineralization. 

Following the transaction, Avino Silver & Gold Mines increased its holdings in Silver Wolf. Immediately after the share issuance, Avino held 11,307,052 common shares, representing approximately 18.19% of Silver Wolf’s issued and outstanding shares on a non-diluted basis. Avino also holds warrants that, if fully exercised, would bring its ownership to approximately 21.85% on a partially diluted basis, subject to a contractual cap of 19.99%. Avino stated that the securities were acquired for investment purposes and that it may adjust its holdings in the future based on market conditions.

El Soldado Drill Program

The Ana Maria property’s primary target, the El Soldado claim, is interpreted as a Carbonate Replacement Deposit (CRD)-style target. Exploration momentum at the site began on Sep. 3, 2024, when the company announced the commencement of drilling following months of integrating data into the geological model.

This initial program was designed with a budget for 2,500m across 15 planned holes, utilizing two drill rigs. The campaign focused on testing targets along the NW-SE prospective trend, where historical workings and mineral occurrences showed significant precious and base metal mineralization from surface sampling. The holes were drilled to depths of 120m to 230m, targeting classic CRD alteration and brecciated carbonate host rock features.

Additionally, the plan included two optional holes with planned depths of 200m to 250m to test the southeast continuation of the mineralization trend, dependent on preliminary results. This data integration and drilling work have been instrumental in refining the targets for the upcoming 2026 campaign, the company notes.