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Highlander Silver moves to acquire High-Grade Silver Politunche Property in Miocene Polymetallic Belt of Central Peru
(TheNewswire) Vancouver, British Columbia – TheNewswire - November 30,...
About this update from Highlander Silver Corp
[{"type":"text","content":"Highlander Silver moves to acquire High-Grade Silver Politunche Property in Miocene Polymetallic Belt of Central Peru\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire - November 30,\n2021\n \n \n – Highlander Silver\nCorp. (CSE:HSLV)\n \n \n (CNSX:HSLV.CN)\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Highlander\n \n \n ”) is pleased to announce the recent signing of a Letter of\nIntent (“LOI”) which lays out proposed terms for an option to\npurchase 100% of the 600 hectare Politunche Property (“the Property)\nlocated in the prolific, silver-rich\n \n polymetallic belt of\ncentral Peru and just 15 kilometres from the company´s flagship, Alta\nVictoria Project.\n \n \n \n Letter of Intent Deal Terms\n \n \n \n \n The company can earn 100% ownership of the property by:\n \n \n \n \n \n \n Paying a total of US$2,000,000 cash in payments over 4\nyears (including a balloon payment of US$1.64M on completion of 4 year\nterm);\n \n \n \n \n \n \n Drilling a minimum of 2,500 metres;\n \n \n \n \n \n \n Owner retains a 2% NSR which Highlander may buy back\nfor US$500,000 per 1%; and\n \n \n \n \n \n \n Upon completion of a Positive Feasibility Study the\nCompany will pay US$1M to the vendor.\n \n \n \n \n \n \n Property Location\n \n \n \n \n The maps in\n \n \n Figure 1\n \n \n below show the location of the property\nin relation to Alta Victoria and other important mines and deposits in\nthe district.\n \n \n \n \n Mineralization & Characteristics\nof the Property\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Discovery potential lies in delineating high grade\nmineralisation within a multitude of discrete veins and breccia zones\nsimilar to mineralisation initially sampled by Highlander.\n Highlights of the results from this sampling return the following:\n \n \n \n \n \n \n sample 2019004 with 879 g/t Ag, 0.89 g/t Au, 1.4% Pb,\n5.4% Zn from talus block grab\n \n \n \n \n \n \n sample 2019006 with 1,535 g/t Ag, 0.64 g/t Au, 1.53% Pb\nand 1.21% Zn over 0.6m\n \n \n \n \n \n \n sample 2019008 with 511 g/t Ag, 0.11 g/t Au, 3.61% Pb,\n6.53% Zn over 0.3m\n \n \n \n \n \n \n This high grade silver with associated zinc, lead &\ngold is hosted in a large area of strong hydrothermal alterati...