CSE:HSLV

ALTA VICTORIA

Central Peru

Historic Production

World-Class District

Under-Explored

Description

Highly Prospective Setting

  • PREMIER SILVER-POLYMETALLIC DISTRICT
    • Over 1.5B oz silver production
  • MAJOR MINES & DEPOSITS
    • Cerro de Pasco (Volcan – Glencore)
      • >500M oz Ag & >100Mt 10% combined Pb-Zn
    • Uchuchacua (Buenaventura)
      • ~300M oz Ag @ 16 opt
    • Morococha (Pan American Silver)
      • >200M oz AgEQ. >100yrs of continuous production
    • Toromocho (Chinalco)
      • 1.5B Mt @ 0.45% Cu porphyry

* Information regarding mineral resources, geology, mineralization, and production history on adjacent or similar properties is not necessarily indicative of the mineralization of Alta Victoria.

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Perú Ranking in world metal production: Silver 2nd, Copper 2nd, Zinc 3rd, Lead 4th, Tin 4th, Gold 8th

Source: USGS

Download the 43-101 report:

Highly Prospective Setting

STRUCTURE

  • Doubly plunging, thrust faulted anticlinal structure bounded by the regional NW trending Alpamarca Fault

STRATIGRAPHY

  • Siliciclastic and limestone sediments with intermediate, feldspar porphyritic dikes, sills, stocks(?)

MINERALIZATION

  • Ag-Zn-Pb (Au) manto, veins, breccias, stockwork & replacement zones
  • Historic production from multiple sources
(Click image to enlarge)

Styles of Mineralization Exposed At Surface

Targets

PACHAS AREA

  • Multiple drill targets resulting from recent detailed work including airborne magnetics & gravity surveys, high density surface sampling and geologic mapping
  • Highly anomalous soil and rock geochemistry occur at WSW dipping limestone-siliciclastic stratigraphic contact intersect NE trending sub-vertical feeder structures

SANTA TERESITA

  • Prominent N-S structural control with continuous multi-element geochemical anomaly in rock & soil along limestone-siliciclastic contact
  • Silver-rich MnO limestone replacement bodies (AMOM) typical of other CRD systems in district (Uchucchacua)
  • Highlander 2020 scout drilling intersected 20m @ 86.6 g/t Ag, 33.8% Mn plus other broad zones of highly anomalous Pb-Zn-As
  • Future drill targets focused on near surface structural/stratigraphic targets as well as depth extension of outcropping chimney mineralization
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Note size of Target Zones – comparable to Cerro de Pasco pit outline (inset map)

(Click image to enlarge)

2020 Scout Drill Program Results

SANTA TERESITA

  • 6 holes – 1,964m drilled
  • Tested coincident Au, Ag, Pb and Zn surface rock and soil along structural controls with underlying charge-ability highs

PACHAS AREA

  • 1 hole – 336m drilled
  • Tested Sanguinetti mine structure
  • Anomalous Au, Pb, Zn

SIGNIFICANT INTERCEPTS

* Reported intervals do not represent true thickness. True thickness is unknown at this time.

2021 Exploration Summary

Expanded & refined drill targets of Pachas & Santa Teresita Areas

PACHAS

  • Confirmed prospectivity of down dip extension of Adriana North manto mineralization
  • Gravity & magnetics survey enhance/define drill targets below & down dip from Buena Estrella breccia, vein & manto mineralization
  • Surface sampling & mapping defines key NE trending structural corridors

SANTA TERESITA

  • Detailed mapping & sampling of outcropping Ag-Mn mineralization
  • Plan for drill testing 2022

Grass roots reconnaissance discovery of 3 discreet zones of mineralization

MARCA PLATA

  • 250m x 150m target area defined as possible Santander analog

NINARUPA

  • Discovery of two zones of zinc rich mineralization along Alpamarca Fault
  • “Zone 2” with significant scale implications
(Click image to enlarge)

2021 Exploration Results

2022 Drill Targets Defined

2021 Reconnaissance, North Block

2021 Marca Plata Discovery

A Santander Analog(?)

2021 Reconnaissance, Southern Region

NINARUPA DISCOVERY

  • Discovery of two geochemical anomalies
  • Zone 1: 300m long Zn anomaly along eastern margin of the Alpamarca Fault
  • Zone 2: Multiple mantos & high grade structures covering 800 x 400m area
  • Rock chip grades range up to 9.36% Pb, 4.54% Zn associated with As and Sb
(Click image to enlarge)

Target Model

CARBONATE REPLACEMENT DEPOSIT (CRD)

  • Large alteration footprint
  • Ore Minerals: Ag, Pb, Zn + Au + Cu
  • Geochemistry: Mn, Mo, As, Ba. Bi, Sb
  • Form lenses, pipes, breccias, veins and stockwork zones
  • Associated with IP chargeability geophysical anomalies

Schematic Cross Section

LITHOLOGIES

MIOCENE

  1. Calipuy/Yantac Fm volcanics & sub-volcanic porphyritic andesite (coevil to mineralization?)
  2. Feldspar Porphyry dikes and sills (pre-mineral)
  3. Casapalca Fm redbeds

CRETACEOUS

  1. Jumasha Fm limestone
  2. Pariatambo Fm limestone & carbonaceous marl
  3. Chulec Fm silty limestone & marl
  4. Pariahuanca Fm limestone oolitic to massive
  5. Farrat Fm quartz arenite
  6. Carhuaz Fm siliciclastic flisch & feldspatic sandstones
  7. Santa Fm limestone

TRIASSIC

  1. Chimu Fm ortho quartzite
  2. Pucara Fm limestone 

MAJOR DEPOSITS of the Central Peru Polymetallic Belt

HOSTED BY MESOZOIC SEDIMENTARY ROCKS

Antamina – World’s largest Cu-Zn skarn

Cerro de Pasco – Peru’s largest CRD deposit (600M oz Ag)

Uchuchacua – S. America’s largest primary Ag producer

Morococha – over 100 years continuous production

Toromocha – 1.5B mt 0.5% Cu (Porphyry Cu-Mo deposit)

Iscaycruz – No current info available

Chungar – 10mt 4.6% Zn, 1.5% Pb, 2opt Ag

Santander – Resource, reserve 8.77 Mmt, 5.27% Zn, 0.27% Pb, 18.6 g/t Ag

Alta Victoria

IP Geophysics

HIGH CHARGEABILITY ANOMALY CONTINUOUS OVER 5.6KM STRIKE

  • Known Ag-Pb-Zn mineralization is invariably associated with pyrite
  • IP anomaly hosted in siliciclastics along a NNW trending thrust/fold axis
  • IP anomaly is open to the NW, SE and down-dip
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Note size of Target Zones – comparable to Cerro de Pasco pit outline (inset map)

Title Secured

MINERA YANTAC OPTION

2,482 Ha Under Option to Acquire 100%

  • US$5K on signing (Paid)
  • US$5K/m to July 2021 ($160K paid)
  • US10K/m for 28 months to Nov 2023
  • US$3.5M payable on Dec 4. 2023

4,650 Ha 100% Owned
TOTAL 7,132 Ha

All scientific and technical information disclosed on the Alta Victoria Project is referenced from the NI 43-101 Technical Report titled “Alta Victoria Polymetallic Property, Huaros and Marcapomacocha Districts, Canta and Yauli Provinces, Departments of Lima and Junín, Peru” with an effective date of April 30, 2021. The scientific and technical information is subject to the assumptions and qualifications in the Technical Report. The Technical Report was filed on SEDAR on August 16, 2021 under Highlander Silver Corp.’s profile and is available for download at the link above.  

The scientific and technical information on this website has been reviewed and verified by Ron Stewart., P.Geo., President and CEO of Highlander Silver Corp., who is a Qualified Person as defined by NI 43-101.