VANCOUVER, BC / August 2, 2022 / Tier One Silver Inc. (TSXV:TSLV, OTCQB:TSLVF) (“Tier One” or the “Company”) is pleased to announce that it has received its environmental approval, the Declaración de Impacto Ambiental (“DIA”), from the Peruvian Ministry of Energy and Mines for its 100% owned Curibaya project in southern Peru. The DIA permit allows the Company to extend the drilling boundaries to include the Cambaya target area and drill up to 200 holes from up to 20 new drill platforms.
Phase I of drilling at Curibaya targeted the source of the bonanza grade silver and gold surface results and demonstrated that mineralization extends to depth. However, the best channel sample results were from the Cambaya target area, located northeast of the previously defined mineralized footprint and the phase I drill program (Figure 1). The Cambaya target is at a higher elevation, where less erosion has occurred, and therefore Tier One’s technical team believes that there is a larger window for potential precious metal mineralization.
In phase II of drilling the Company intends to follow-up on some of the phase I drill intercepts and additionally, the new DIA permit will allow the Company to drill the most prospective targets in the Cambaya zone. The Company is currently conducting a channel and rock sampling program to further define targets for the phase II drill program, which is also being designed to target untested copper porphyry targets that were identified in the first phase of drilling.
A Message from Peter Dembicki, President, CEO and Director:
“Receiving the DIA permit is a key milestone for Tier One Silver as it will allow us to drill our highest priority silver and gold target on the Curibaya project, in addition to newly developed copper porphyry targets. Our confidence in the potential of Curibaya has continued to increase as we explore the project. We look forward to our second phase of drilling, which will commence once the results from ongoing surface sampling and geophysical programs have been received.”
Figure 1: Illustrates the location of the Cambaya target area and the newly permitted drill area covered by the DIA drill permit.
Christian Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and assumes responsibility for the technical contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki
President, CEO and Director
For further information on Tier One Silver Inc., please contact Natasha Frakes, Vice President of Communications at (778) 729-0600 or [email protected]
About Tier One
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. The Company’s exploration assets in Peru include: Curibaya, Hurricane Silver, Coastal Batholith and Corisur. For more information, visit www.tieronesilver.com.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements with respect to exploration plans, specifically in relation to drilling and there is no certainty that the locations will ultimately be drilled, or if drilled, discover any mineralization.
Readers should refer to the risks discussed in the Company’s Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2021, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Tier One Silver Inc.
Featured Image MegaPixl @ Timrobertsaerial
Information About This Article and Cautionary
This Article is a cash-paid communication of Tier One Silver Inc. which has retained media company Native Ads Inc to collaborate on its content and arrange for the Article’s dissemination through various media platforms via Market Jar Media Inc. Tier One is solely responsible for the factual content of the article as regards Tier One and any other facts or opinions expressed are those of Native Ads and not those of Market Jar Media Inc., or its management or shareholders. Market Jar Media Inc.’s terms of use of the Article can be found at: terms of use and disclaimer. Market Jar Media Inc. has or expects to receive from Tier One Silver Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) one hundred and sixty five thousand, seven hundred and thirty two Canadian dollars for up to 180 days (125 business days). Neither the Native Ads or Market Jar Media Inc or their respective management or shareholders hold any securities of Tier One. The Article is not intended to be investment advice nor a solicitation for purchase of securities but is provided for general interest purposes.
The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional.
Mining is a high risk business and very few junior mineral exploration companies are ultimately successful in finding a mine. For information about the risks facing Tier One and the limitations inherent in any forward looking statements in the Article see Tier One Silver Inc.’s regulatory filings at www.SEDAR.com.
Christian Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and assumes responsibility for the technical contents of this report.
Rock grab samples are selective samples by nature and as such are not necessarily representative of mineralization hosted across the property. The rock grab samples represent vein samples that range in width from 5 centimeter to 1 meter and are situated in north-south structural corridors. These veins are an indication of metal budget; however, are not the target themselves. The Company believes that concentrations of precious metal veins can occur along the defined structural corridors and that geologic targets include high-grade veins in excess of 1 meter width, vein stockwork zones, and hydrothermal breccias that could be found through exploratory drilling.
