September 20th, 2022 – Vancouver, British Columbia – Highlander Silver Corp. (CSE:HSLV) (the “Company” or “Highlander”) is pleased to announce that drilling is under way at the Company´s flagship Alta Victoria project. The programme will comprise a minimum of 1500 metres of diamond core drilling. In addition, the Company has appointed David Fincham as the new President and Chief Executive Officer and a director of Highlander. David is a geologist with diverse exploration and management expertise and a Masters in International Business, who prior to joining Highlander was Regional Head of Discovery, Americas with Anglo American Plc.
Alta Victoria Drilling
Over the past 18 months the Company has worked to define and prioritise drill targets at Alta Victoria. The following three targets will be tested by drilling:
- Adriana North: Historical mining activity focused on stratigraphically controlled manto-style, polymetallic mineralisation. This manto mineralisation occurs at the contact between Farrat Formation quartz sandstones and overlying Pariahuanca Formation limestone. Highly anomalous rock and soil samples are spatially associated with this lithologic contact and cross cutting structures.
Surface sample results from Highlander´s work that help define the target include the following rock chip values within a coincident Pb-Zn soil anomaly:
- 2 g/t Au, 155 g/t Ag, 6.1 % Pb, 0.8% Zn
- 0 g/t Au, 228 g/t Ag, 11.8 % Pb, 1.5 % Zn
- 1 g/t Au, 132 g/t Ag, 6.7 % Pb, 6.7 % Zn
- Buena Estrella: Historical mining comprises two underground workings that exploited mineralisation occurring proximal to the Pariatambo Fm upper and lower stratigraphic contacts. The Jumasha Fm overlies the Pariatambo Fm and is an important host to major scale orebodies in the belt including Uchucchacua and Antamina. Uchucchacua historically produced over 300 Moz of silver at an average grade of 12 ounces per tonne as Peru´s largest primary silver mine. Antamina is the world’s largest Cu-Zn skarn with a significant silver credit.
The target comprises a combination of geological, geochemical and geophysical features. Mineralised, sub-vertical feeder structures with veins and breccia bodies form a northeast trending structural corridor extending 500 metres to the Adriana North prospect area. Rock and soil sampling define surface mineralisation along 200 metres of this corridor within the Jumasha Fm. Manto style mineralisation is exposed in the underground workings where historic sampling encountered high grade skarn, manto and vein mineralisation. Select rock chip sampling by Highlander and previous historic underground rock sampling include the following values:
- 270 g/t Ag, 0.3 % Cu, 11.3 % Pb, 23.7 % Zn
- 239 g/t Ag, 0.5 % Cu, 10.7 % Pb, 31.0 % Zn
- 229 g/t Ag, 0.5 % Cu, 11.3 % Pb, 30.1 % Zn
- 225 g/t Ag, 0.07 % Cu, 10.2 % Pb, 4.6 % Zn
The two drill holes planned for Buena Estrella will target a discrete gravity anomaly localised along the Pariatambo-Jumasha contact, coincident with a bleached zone within the lower Jumasha Fm marking a thermal aureole associated with feldspar porphyry dykes and sills. These dyke and sill margins are commonly mineralised in this area.
- Santa Teresita: The drill holes planned for Santa Teresita will test zones of outcropping mineralisation that were not drilled in the Phase I drilling programme of 2020.
Drilling will target silver-manganese mineralisation with highly anomalous lead and zinc seen in outcrop as chimney-style replacements. Vertical zonation documented at the Uchucchacua mine suggests that silver, lead and zinc values may increase with depth.
Additionally drilling will test structural zones cross-cutting the highly prospective Santa Teresita fault, in an interpreted structural jog setting. Surface sampling along this fault has produced high grade rock values with coincident multi-element soil anomalism.
Board and Management Changes
Through a Letter Agreement the company has engaged David Fincham to join Highlander as its new President & CEO, as well as appointing him to the Company’s board of directors. Mr. Fincham is an exploration geologist with over 25 years of worldwide experience, 19 years of which have been focused in Latin America working for Anglo American Plc and Apex Silver. Current interim President & CEO Phil Anderson commented “We are fortunate and very pleased with Dave´s decision to join Highlander. He brings both exploration pedigree and valuable management experience to the Company. I am personally looking forward to pushing ahead in the quest to build value for shareholders under Dave´s leadership.” Mr. Fincham stated “I am delighted to be joining the Highlander team, and look forward to building on the team´s work to date to make a success of Highlander for all stakeholders. We will be focused on advancing our current portfolio towards discovery, as well as proactively seeking new high quality exploration opportunities.”
Phil Anderson will remain a director and assume the role of Exploration Manager of the Company.
The Company also announces that Hannah Jin has stepped down from the board of directors due to other business commitments. The Company thanks Hannah for her valuable contributions and wishes her well in her future endeavours.
Qualified Person Statement
All scientific and technical information contained in this news release was prepared and approved by Walter La Torre, (Qualified Person), MAusIMM (CP). Mr. La Torre has verified the scientific and technical information disclosed in this news release by reviewing the sampling, analytical and drilling data from the Property.
About Highlander Silver Corp.
Highlander Silver Corp. is a mineral exploration company focused on the exploration of silver-polymetallic projects in central Peru, as well as targeting the acquisition of additional mineral projects by leveraging the team’s significant experience in Peru and South America more widely. Additional information about Highlander and its mineral projects can be viewed on the Company’s SEDAR (www.sedar.com) profile at www.sedar.com and its website at www.highlandersilver.com
Neither the Canadian Securities Exchange (CSE) nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Chief Executive Officer
Highlander Silver Corp.
(604) 283 7630
Certain information contained in this news release constitutes “forward-looking information” under Canadian securities legislation. This includes, but is not limited to, information or statements with respect to the future exploration plans of the Company, timing of future exploration, anticipated results of exploration and potential mineralization of the Project. Such forward looking information or statements can be identified by the use of words such as “believes”, “plans”, “suggests”, “targets” or “prospects” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “will” be taken, occur, or be achieved. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such factors include, among others, general business, economic, competitive, political and social uncertainties, the actual results of current exploration activities, , changes in project parameters as plans continue to be refined, future prices of precious and base metalsaccident, labour disputes and other risks of the mining industry, and delays in obtaining governmental approvals or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this news release. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. Accordingly, the reader is cautioned not to place undue reliance on forward-looking information.