The deposit is located in the northeast section of The Iberian Pyrite Belt. The Lomero-Poyatos project is the flagship project of Denarius. He has raised billions of dollars for these projects throughout his career. Iacono brings over thirty years of experience throughout numerous natural resource projects around the world. Serafino Iacono is currently the executive chairman and interim CEO. As of Q1 2021, it reports having US$32.4 million in total cash, US$10 million was used in April 2021 in connection with the acquisition of the Lomero Project and the balance is available to fund the Company’s exploration programs at Lomero and Guia Antigua. Approximately 27 percent of these shares have insider ownership, which shows the confidence of the management team.
As part of all this new green energy that is going to be created, it’s going to be an important element in the making of batteries and conductors,” said Denarius Executive Chairman Serafino Iacono in a recent interview.ĭenarius has issued 205,076,865 shares (299,300,565 on a fully diluted basis), creating a market capitalization of C$80 million. “ Silver is becoming not only such an important thing as a metal but as an industrial metal. The Guia Antigua project is located in a mining district that has been in continuous operation for 150 years and has produced approximately 6 million ounces of gold, while the Zancudo project is located in a mining district that has been producing ore since 1793. The two projects located in Colombia, Guia Antigua and Zancudo, are both located in historically productive high-grade mining districts. Some experts predict that Colombia’s GDP will recover from the 2020 pandemic-induced plunge with a projected increase of 6.5 percent in 2021. Colombia is an OECD member country and has one of the lowest inflation rates in Latin America. Its portfolio contains international projects ranging from exploration to near-term production of metal assets that can be leveraged across multiple markets.ĭenarius also has two additional mining projects located in Colombia. Over 100 minerals can be mined through Spain, with many of these minerals being located on the Iberian Pyrite Belt.ĭenarius (TSXV: DSLV OTCQB: DNRSF) is a Canadian junior exploration company dedicated to advancing mining projects that are located in high-grade mining districts. Overall, the average mineral production in Spain is 20,400,119 tonnes between 20. It features a rich history of productive mining that dates all the way back to the Roman Empire. The Iberian Pyrite Belt is located across Spain and Portugal. Prior exploration also indicates that the Iberian Pyrite Belt contains gold, silver, copper, lead and zinc. The entire belt has more than 2 billion tonnes of ore, with an estimated 400 million tonnes remaining.
The Iberian Pyrite Belt is globally recognized as having one of the highest concentrations of volcanogenic massive sulfide deposits on Earth.
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