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March22, 2023 –TheNewswire -
Highlights
Acquisition of the La Estrella epithermal silver – gold advanced exploration stage project, plus historical data base in
Huancavelica Province ,Central Peru .Historical significant drill intercepts, for example 70.5 m returning 0.84 g/t Au and 71.8 g/t Ag, including 22 m of 1.41 g/t Au and 144.9 g/t Ag in hole DDH-E12 confirm prospectivity.
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.
Drill results show continuous mineralisation over long intercepts, for example in drill hole DDH-E12 (the diamond core extension of drill hole RC-E11) mineralisation extends over 70.5 m between 144 m and 214.5 m returning 0.84 g/t Au and 71.8 g/t Ag, and in hole DDH-E23, which returned 112.8 m (from 84.4 m to 197.2 m) of 0.41 g/t Au and 21.4 g/t Ag average grade. Narrower, higher-grade intercepts are commonly found within the longer intervals, for example 22 m of 1.41 g/t Au and 144.9 g/t Ag also in hole DDH-E12, 3.0 m (from 36.0 m to 39.0 m) grading 1.07 g/t Au and 147.6 g/t Ag in hole DDH-E3 and 5.1 m (from 155.0 m to 160.1 m) grading 0.88 g/t Au and 225.4 g/t Ag in hole DDH-E23. Table 1 below shows selected drill results.
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Table 1.Selected drill results from: Bear Creek Mining News Release,
Acquisition terms
The Estrella 001 concession was transferred from Compañía
The Estrella 002 concession was acquired via auction with the
In addition, the Company has acquired the La Estrella project data base including diamond drill core, assay results and laboratory certificates from Alianza Minerals Ltd. in consideration for the payment of
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
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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