Highlander Silver moves to acquire High-Grade Silver Politunche Property in Miocene Polymetallic Belt of Central Peru

About this update from Highlander Silver Corp

Highlander Silver moves to acquire High-Grade Silver Politunche Property in Miocene Polymetallic Belt of Central Peru (TheNewswire) Vancouver, British Columbia – TheNewswire - November 30, 2021 – Highlander Silver Corp. (CSE:HSLV) (CNSX:HSLV.CN) (the “ Company ” or “ Highlander ”) is pleased to announce the recent signing of a Letter of Intent (“LOI”) which lays out proposed terms for an option to purchase 100% of the 600 hectare Politunche Property (“the Property) located in the prolific, silver-rich polymetallic belt of central Peru and just 15 kilometres from the company´s flagship, Alta Victoria Project. Letter of Intent Deal Terms The company can earn 100% ownership of the property by: Paying a total of US$2,000,000 cash in payments over 4 years (including a balloon payment of US$1.64M on completion of 4 year term); Drilling a minimum of 2,500 metres; Owner retains a 2% NSR which Highlander may buy back for US$500,000 per 1%; and Upon completion of a Positive Feasibility Study the Company will pay US$1M to the vendor. Property Location The maps in Figure 1 below show the location of the property in relation to Alta Victoria and other important mines and deposits in the district. Mineralization & Characteristics of the Property Click Image To View Full Size Discovery potential lies in delineating high grade mineralisation within a multitude of discrete veins and breccia zones similar to mineralisation initially sampled by Highlander.  Highlights of the results from this sampling return the following: sample 2019004 with 879 g/t Ag, 0.89 g/t Au, 1.4% Pb, 5.4% Zn from talus block grab sample 2019006 with 1,535 g/t Ag, 0.64 g/t Au, 1.53% Pb and 1.21% Zn over 0.6m sample 2019008 with 511 g/t Ag, 0.11 g/t Au, 3.61% Pb, 6.53% Zn over 0.3m This high grade silver with associated zinc, lead & gold is hosted in a large area of strong hydrothermal alteration of Miocene volcanic domes, dikes, flows and pyroclastic rocks shown in Figure 2 below.  Furthermore, there is evidence of potential for bulk mineable mineralisation seen in the photos below where stockwork, vein swarms and disseminated mineralisation may be hidden under thin cover. Previous work leading up to the completion of 11 diamond core drill holes in 2011 includes geologic mapping, with surface soil and rock sampling...

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