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Highlander Silver Signs Option Agreement to Acquire 100% of the High-Grade Silver Politunche Property in Central Peru
(TheNewswire) Vancouver, British Columbia – TheNewswire - January 19, ...
About this update from Highlander Silver Corp
[{"type":"text","content":"Highlander Silver Signs Option Agreement to Acquire 100% of the High-Grade Silver Politunche Property in Central Peru\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire - January 19,\n2022\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 execution of an option\nagreement (the “Agreement”) to acquire 100% of the 600 hectare\n(Ha) Politunche Property (“the Property” or “Politunche”)\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.  The Agreement replaces the Letter of Intent\nentered into by Highlander and announced in a News Release on November\n30, 2021.\n \n \n \n Ron Stewart, President and CEO of Highlander commented,\n \n \n “Politunche is a highly\nprospective and strategic addition to the company´s portfolio adding\nto our footprint and exploration upside in the district.  Rock\nsampling in the field thus far has confirmed the presence of\nhigh-grade silver with significant lead-zinc and gold values.\n Ongoing exploration will focus on further defining the mineralized\nsystem and prioritizing targets for drill testing as soon as permits\nare in place.  We are excited about our exploration campaign in the\nyear ahead as we advance our efforts on both Alta Victoria and\nPolitunche.”\n \n \n \n \n Politunche Agreement Deal\nTerms\n \n \n \n \n The Company can earn 100% ownership of the property by:\n \n \n \n \n \n \n Making a total of US$2,000,000 in cash payments over 4\nyears to the individual vendor (the “Vendor”) as follows:\n \n \n \n \n \n \n US$5,000 on the signing of the Letter of Intent and\nUS$5,000 on the execution of the Agreement (both paid);\n \n \n \n \n \n \n US$5,000 per month during a period of twenty-two (22)\nmonths ending November 2023;\n \n \n \n \n \n \n US$10,000 per month during a period of twenty-four (24)\nmonths ending November 2025;\n \n \n \n \n \n \n A final US$1,640,000 within forty-eight months of the\nexecution of the Agreement; and\n \n \n \n \n \n \n \n \n Drilling a minimum of 2,500 me...