Northwire Canada EditionFriday, November 13, 2026
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Gold 3,882.40 −0.1% Silver 48.98 −2.2% Copper 6.08 −1.8% Oil 88.77 +0.0% Palladium 1,005.25 +1.4% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.31 −5.3% XTG 2.08 +4.0% RUA 1.08 −1.8% TUF 0.620 +0.0% NEXG 1.11 −2.6% ELEF 0.280 +0.0% LVG 0.345 +1.5% BBB 0.510 +2.0% NGC 0.060 +0.0% ABRA 10.55 −2.1% OBUL 0.345 +0.0% MKO 10.56 −2.4% SGML 7.22 +2.0% Gold 3,882.40 −0.1% Silver 48.98 −2.2% Copper 6.08 −1.8% Oil 88.77 +0.0% Palladium 1,005.25 +1.4% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.31 −5.3% XTG 2.08 +4.0% RUA 1.08 −1.8% TUF 0.620 +0.0% NEXG 1.11 −2.6% ELEF 0.280 +0.0% LVG 0.345 +1.5% BBB 0.510 +2.0% NGC 0.060 +0.0% ABRA 10.55 −2.1% OBUL 0.345 +0.0% MKO 10.56 −2.4% SGML 7.22 +2.0%
M&A / Property

Rio Silver completes acquisition of Maria Norte project

RYO · Price

Executive Summary

  • Rio Silver Inc. has completed the 100% acquisition of the Maria Norte silver-gold-lead project in Peru's Huachocolpa district, following approval from the TSX Venture Exchange.
  • A National Instrument 43-101 technical report confirms high-grade mineralization, with verification sampling showing grades up to 6.26 g/t Au and 991 g/t Ag.
  • The acquisition provides Rio Silver with a low-capex, near-infrastructure asset with no underlying royalties, positioning the company for potential fast-track production and district-scale expansion.

Key Details

  • Transaction: 100% acquisition of the Maria Norte project by Rio Silver Inc.
  • Location: Huachocolpa mining district, Huancavelica province, Peru.
  • Technical Report: "Maria Norte Au-Ag-Pb-Zn Project" by James A. McCrea, PGeo.
  • Verification Sampling Results:
    • Gold grades up to 6.26 grams per tonne (g/t) Au.
    • Silver grades up to 991 grams per tonne (g/t) Ag.
  • Historical Context: Mineralization verified from historical workings and waste-dump sampling by Compania de Minas Buenaventura SAA.
  • Infrastructure: Multiple processing facilities located within 11 kilometres of the project.
  • Royalty Status: The project is 100% owned by Rio Silver with no underlying royalties.
  • Future Plans: Further mapping and underground sampling are planned to refine targets for subsequent drilling phases.
  • Qualified Person: Jeffrey Reeder, PGeo, reviewed and approved the scientific and technical information.

Notable Quotes

  • "The Maria Norte acquisition represents a defining moment for Rio Silver... We are unlocking the potential of a high-grade system that was left untouched for decades... Maria Norte gives us a foundation not only to advance toward production but to build a broader silver platform within one of Peru's most legendary districts." — Chris Verrico, President and CEO
Read the original news release →

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