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Highlander Silver Issues Clarifying Statements and Amendments in Relation to Information Reported for its La Estrella Property in Peru
(TheNewswire) TheNewswire - July 11, 2023 - As a result of a review by the British ...
About this update from Highlander Silver Corp
[{"type":"text","content":"Highlander Silver Issues Clarifying Statements and Amendments in Relation to Information Reported for its La Estrella Property in Peru \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n TheNewswire -\n \n \n July 11, 2023 -\n \n \n As a\nresult of a review by the British Columbia Securities Commission,\n \n \n Highlander Silver Corp.\n(CSE:HSLV)\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Highlander\nSilver\n \n \n ”) is issuing the following news release\nto clarify its disclosure\n \n \n regarding its La\nEstrella project, Central Peru. In the Company’s May 16, 2023 news\nrelease the Company disclosed details relating to an exploration\ntarget for their La Estrella project. Details on the exploration\ntarget were also included in an Investor Presentation dated May 2023\npublished on the company’s web site. A new Investor Presentation has\nbeen posted on the company’s website at\n \n \n \n www.highlandersilver.com\n \n \n \n \n \n Highlander confirms that the grades and tonnages\nreferred to in the previous news release and Investor Presentation are\na target for further exploration and that more work and information is\nrequired before fulfilling CIM requirements for the disclosure of an\neventual Mineral Resource. Moreover, it is uncertain if this work will\nresult in the target being delineated as a mineral resource.\n \n \n \n \n Ag equivalent grades for the exploration target were\nreported in the May 16 2023 disclosure based on assumptions for Ag and\nAu prices that did not consider metallurgical recoveries. As such, the\nmetal equivalent calculations should not be relied on.\n \n \n \n \n Amendments have therefore been included in the\nfollowing disclosure of the exploration target outlined at La\nEstrella.\n \n \n \n \n The Company has developed 3D geological models of the\nAg-Au mineralization using the available drilling information and\ninterpreted geological controls. Potential extensions to the\nmineralized envelopes have been used to outline a near surface\nexploration target of 15 to 35 Mt averaging between 50 and 60 g/t Ag,\nand 0.4 to 0.6 g/t Au containing some 25 to 60 MOz Ag and 0.2 to 0.7\nMOz Au.\n \n \n \n \n \n \n The potential quantity\nand grade of the exploration target is conceptual in nature, and more\nexploration is re...