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Highlander Silver to Acquire the Bonanza Grade San Luis Epithermal Gold-Silver Project in Peru, with Historical M&I Resources of 348,000 Ounces Grading 22.4 g/t Gold, and 9,003,300 ounces Grading 578.1 g/t Silver
VANCOUVER, BC / ACCESSWIRE / November 30, 2023 / Highlander Silver Corp. (CSE:HSLV) (the " Compa...
About this update from Highlander Silver Corp
[{"type":"text","content":"Highlander Silver to Acquire the Bonanza Grade San Luis Epithermal Gold-Silver Project in Peru, with Historical M&I Resources of 348,000 Ounces Grading 22.4 g/t Gold, and 9,003,300 ounces Grading 578.1 g/t SilverVANCOUVER, BC / ACCESSWIRE / November 30, 2023 / Highlander Silver Corp. (CSE:HSLV) (the \"Company\" or \"Highlander Silver\") is pleased to announce that it has entered into a share purchase agreement dated November 29, 2023 (the \"Share Purchase Agreement\") with SSR Mining Inc. (\"SSR Mining\") to acquire the San Luis gold-silver project (the \"San Luis Project\") located in Ancash Department of central Peru (the \"Transaction\").HighlightsTransformational acquisition for Highlander Silver of the San Luis ProjectHistorical Measured & Indicated mineral resources of 348,000 ounces (oz) of gold (Au) grading 22.4 g/t Au, and 9,003,300 oz silver (Ag) grading 578.1 g/t AgMultiple targets for growth on the property given limited and focused historical drilling, open extensions to resources, and undrilled targets supported by highly anomalous (> 4 g/t Au) trenching and rock samplesExtensive ground holding totalling 23,098 Ha has yet to be systematically explored with many structures that have not yet been sampled providing further exploration potentialHighlander Silver to implement a comprehensive program of geological mapping and sampling to develop a technical assessment of the discovery potential before more focused exploration on the highest priority targetsAncash Department is well-known for mining in Peru with major past and present production from the Pierina gold mine and Antamina copper-zinc mine, respectivelyFinancing for this transformative acquisition is backstopped by the Augusta Group and members of the Lundin family(See \"San Luis Historical Mineral Resource\" below for further details.)A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource.David Fincham, President and CEO commented: \"We are delighted to be bringing the high-grade San Luis gold-silver project into our portfolio, and are very impressed by the size and grade of the historical resource contained within the Ayelen and Ines vein structures. We believe this deposit may be one of the highest-grade gol...