07:38 AM EDT, 05/14/2025 (MT Newswires) -- Argenta Silver ( AGAGF ) , which rose more than 5% on Tuesday, said it completed phase 1 of its 2025 exploration program at its flagship El Quevar Project in Salta Province, Argentina.

Phase 1, which began on January 3, was designed to enhance the geological understanding of Quevar South through a systematic program of surface mapping, drill core re-logging, geochemical sampling, and advanced spectroscopic analysis, the company said late on Tuesday.

The company used the results from phase 1 to define high-priority drill targets for phase 2, expected to start during the second quarter. Argenta Silver ( AGAGF ) plans to drill approximately 4,000 meters in phase 2, with the program strategically divided between validation drilling, step-out drilling, and exploration drilling to test new targets generated from the updated model.

"The completion of Phase 1 marks a major technical milestone for Argenta, setting strong foundations for what is coming next," said Argenta's Chief Executive Joaquin Marias. "Through the application of modern tools, detailed analysis, and fresh eyes on the project, we have built a much stronger geological model. Our reinterpretation has revealed patterns and vectors of mineralization that were not previously evident."