Precio Rio Silver Inc. (RYOOF)

Rio Silver, Inc. engages in the acquisition, evaluation and development of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2001-01-26. The firm's Ninobamba property is located in an historic silver district approximately 330 kilometers southeast of Lima in the Department of Ayacucho, Peru. The Ninobamba property consists of over 4,490 hectares including claims purchased from Southern Peru Copper and Newmont Mining Corporation. Mineralization on the property demonstrates the potential for a large, bulk tonnage, disseminated silver/gold project. Its Gerow Lake Project covers over 5,312 ha and is located in the Archean aged Superior Province, within the Pierce-Ponask-Sachigo greenstone belt in the northwest quadrant of the James Bay Lowlands, Red Lake Mining District, Ontario. Its Santa Rita Property is a highly prospective exploration target with historical workings and strong silver-lead-zinc showings in Central Peru. The company has a definitive agreement for the acquisition of the Minas Maria Norte Property (Southern Peru).