Two new zones of veining have been identified to the northeast and east of a previously sampled vein system with zones measuring approximately 600 metres (m) by 550 m and 250 m by 700 m, respectively. Highlights from the selective rock sampling in these newly identified zones yielded 11 samples over 1,000 g/t silver, with a peak assay of 7,220 g/t silver, and 23 samples over 1 g/t gold, with a peak assay of 12.3 g/t gold. In addition, a channel sample from the southern margin of the northeast vein extension yielded a broad interval of 25 m of 47.6 g/t silver equivalent (AgEq).
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'Based on the limited drilling to-date, we see great potential for an epithermal precious metal system and we believe there is potential for the property to host a porphyry target as well.'
Significance of Newly Identified Zones of Veining: The newly identified zones of veining continue to expand the footprint of the precious metal system at the Curibaya project to the northeast and east. Additional channel sampling in these newly defined areas of veining (results pending) concentrate on identifying potential high-grade feeder structures that could become future drill targets. In addition, both newly identified zones of veining are in part characterized by alteration boundaries between lower temperature propylitic alteration and higher temperature argillic alteration. This alteration boundary has not been an exploration focus for the Company to-date, however, with the high grades encountered the technical team is reviewing other similar alteration boundaries within the project area, particularly along the potential Tipal feeder structure. Finally, the broad zone of mineralization encountered in the channel sampling of 25 m of 47.6 g/t AgEq demonstrates the potential for disseminated mineralization in the newly identified northeast area of veining.
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About Tier One
Channel Sampling
Analytical samples were taken from each 1-metre interval of channel floor resulting in approximately 2-3 kg of rock chips material per sample. Collected samples were sent to
Silver equivalent grades (AgEq) were calculated using a
Rock Sampling
Approximately 2-3 kg of material was collected for analysis and sent to
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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. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as 'will likely result', 'are expected to', 'expects', 'will continue', 'is anticipated', 'anticipates', 'believes', 'estimated', 'intends', 'plans', 'forecast', 'projection', 'strategy', 'objective' and 'outlook') 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 unduly 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 in regards to the Company's exploration plans.
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