Denarius Silver Corp (TSXV: DSLV) this morning announced that it is changing its corporate name as a means of better reflecting its current focus. The company will now be known as Denarius Metals going forward.
In announcing the changing of the firms name, the company commented that the name was originally chosen due to their “initial acquisitions centered on two silver-gold projects in high-grade mining districts in Colombia.” However, the acquisition of its Lomero-Poyatos polymetallic property in Spain changed the focus of the company slightly.
Trading under the new name for the company is expected to begin on February 2. Trading symbols for the firm are not expected to change as a result of the name change.
Commenting on the growing significance of the Lomero property, CEO Serafino Iacono commented, “The Lomero-Poyatos Project has a historical estimate in the inferred category of 20.9 Mt of 3.1 g/t gold, 62 g/t silver, 0.9% copper, 0.9% lead and 3.1% zinc. We are very encouraged by our recently announced early drilling results at Lomero-Poyatos, which provide a clear indication of the potential of this well-known VMS deposit, and through our ongoing drilling campaign, we are focused on unlocking long-term value for our shareholders.“
Denarius Silver last traded at $0.62 on the TSX Venture.
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