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The Company´s 3D grade shell modelling of historic drilling indicates a near surface exploration target(>50 g/t AgEq)of15 to 35 Mtaveraging between90 and 110 g/t AgEq, containing some50 to 100 Million Oz AgEq*.
*Ag Equivalent is calculated considering a silver price of
Average grades of 50 to 60 g/t Ag and 0.4 to 0.6 g/t Au were considered for the sliver equivalent content of the exploration target.
The potential quantity and grade of the exploration target is conceptual in nature and there has been insufficient exploration work and drilling to define a mineral resource and the full potential of the mineralisation. Moreover, it is uncertain if further exploration will result in the target being delineated as a mineral resource.
The La Estrella acquisition represents an inflection point for the Company and our shareholders. Our planned work towards an inaugural resource at the project provides the company with significant near-term upside potential.”
Following the acquisition of the La Estrella project in
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Figure 1. La Estrella 3D mineralised envelopes view looking NE: 50 g/t AgEq and 20 g/t AgEq grade shells.
*See
It is significant that some of the highest grade drill hole intercepts are open to the South, with a 500 m gap to the next drill hole, providing significant additional potential upside.
The team will now focus on producing an updated geological model that will underpin the inaugural resource work to be completed over the coming several months. In addition, the Company will continue to build trust and nurture our existing relationships with the local communities and other key stakeholders to create an optimal environment for advancing the project.
The Company is also pleased to announce the engagement of
Harbor Access has no interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.
About La Estrella
The La Estrella project is located in the
Mineralisation at La Estrella occurs spatially and genetically associated with a sequence of volcanic and subvolcanic rocks, comprising coarse fragmental dome-diatreme andesite, massive porphyritic andesite and dacite dome facies, with late stage emplacement of amygdaloidal, biotite-feldspar porphyritic lamprophyre dykes and sills. These rocks lie on the hanging wall of a west-dipping fault, against redbeds of the Permo-Triassic Mitu Formation.
From 2003 to 2012 a total of 8,500 m was drilled in 41 holes defining a NNE tabular, west dipping mineralised system approximately 1,800 m long north to south, up to 300 m wide east to west, and 200 m thick. The deposit, which is open to the north, south and also down dip to the west, consists of multi-episodic polymetallic (Ag-Au ±Pb ±Zn ±Cu) intermediate sulphidation epithermal mineralisation that often starts in drill holes within a few metres from surface.
Qualified Person
All scientific and technical information contained in this news release has been reviewed and is approved by
About
Neither the Canadian Securities Exchange (CSE) nor the
For further information, please contact:
Chief Executive Officer
(604) 283 7630
info@highlandersilver.com
Investor Relations
(416) 842-9003
Graham.Farrell@harbor-access.com
Forward-Looking Information
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, permitting and timing of future exploration. Such forward looking information or statements can be identified by the use of words such as “anticipates”, “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, , accident, 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.
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