Aftermath Silver Completes Acquisition of Remaining 20% of Cachinal Silver Project, Chile
FOR IMMEDIATE RELEASE May 26, 2021
(AAG2021 – NR #8)
Aftermath Silver Completes Acquisition of Remaining 20% of Cachinal
Silver Project, Chile
Vancouver, BC, May 26, 2021 – Aftermath Silver Ltd. (the “Company” or “Aftermath Silver”) (TSX-V: AAG)
(OTCQB: AAGFF) is pleased to announce that it has completed the acquisition (the “Acquisition”) of SSR
Mining Inc.'s ("SSR") 20% interest in Minera Cachinal S.A. (“Minera Cachinal”) , the Chilean holding
company for the Cachinal Ag -Au project (the “Cachinal Project”). The Acquisition was previously
announced on May 27, 2020. Completion of the legal documentation in Chile, which was delayed by issues
related to the COVID pandemic, has now taken place.
Aftermath and SSR previously signed a purchase agreement covering Aftermath’s acquisition of SSR's 20%
interest in the Cachinal Project for a total consideration of C$700,000 .The final stage of the transaction
was the recent completion of the relevant Chilean documentation and registration of Aft ermath's
ownership of Minera Cachinal - which owns the Cachinal Project- with the Chilean authorities. Aftermath
Silver now owns 100% of the shares of Minera Cachinal, minus one share which will remain held by
Aftermath's Chilean legal counsel, as per Chilean business law requirements.
Michael Williams, Executive Chairman of Aftermath said: "We're pleased to finalise this transaction and
secure Aftermath's ownership of Cachinal. I'd like to thank our Chilean legal counsel for helping to
expedite this transaction despite challenges poised by COVID protocols. We can now advance our
exploration and development plans which we will be announcing shortly."
The Cachinal Project is located in Chile's Antofagasta region ( Region II). The project is located about 40
kilometres east of the Pan American Highway, in a nearly flat plain at an elevation of around 2,700 m
above sea level, 16 km north of Austral Gold's Guanaco gold -silver mine. On September 16, 2020,
Aftermath announced a NI 43-101 compliant, current Mineral Resource estimate for the Cachinal Project
which can be found on the Company's website (https://aftermathsilver.com/projects/technical-reports/)
and on its SEDAR profile.
Qualified Person Statement
All scientific and technical information in the news release has been prepared by Peter Voulgaris, MAIG,
MAusIMM, a consultant to the Company, a non-independent qualified person as defined by NI 43 -101.
Mr. Voulgaris consents to the information provided in the form and context in which it appears.
About Aftermath Silver Ltd.
Aftermath Silver Ltd . is a leading Canadian junior exploration company focused on silver, and aims to
deliver shareholder value through the discovery, acquisition and development of quality silver projects in
stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The
Company's projects have been selected based on growth and development potential.
• Berenguela Silver-Copper project. The Company has an option to acquire a 100% interest through
a binding agreement with SSR Mining Inc.. The project is located in the Department of Puno, in
southern central Peru. On February 25, 2021, the Company filed a NI 43 -101 Technical Report
(available on SEDAR and on the Company's web page) for the project.
• Challacollo Silver -Gold project. The Comp any has an option to acquire 100% interest in the
Challacollo silver-gold project through a binding agreement with Mandalay Resources Corp., see
the Company’s news release dated June 2 7, 2019. A NI 43 -101 Mineral Resource was released in
2020 and the Company filed a NI 43-101 Technical Report for the project on February 5, 2021.
• Cachinal Silver-Gold project. The Company owns a 100% interest, minus one share held by Chilean
legal counsel, in the Cachinal project located 2.5 hours south of Antofagasta. On September 16,
2020, the company released a CIM compliant Mineral Resource and accompanying NI 43 -101
Technical Report (available on SEDAR and on the Company's web page).
ON BEHALF OF THE BOARD OF DIRECTORS
“Ralph Rushton”
Ralph Rushton
CEO and Director
604-484-7855
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Certain of the statements and information in this news release constitute “forward -looking information”
within the meaning of applicable Canadian provincial securities laws. Any statements or information that
express or involve discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance , including without limitation, exploration plans
at the Company’s mineral projects (often, but not always, using words or phrases such as “expects”, “is
expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”,
“targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules” , “potential” or variations thereof or
stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur
or be achieved, or the negative of any of these terms and similar expressions) are not statements of
historical fact and may be forward-looking statements or information.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward‐looking statements. Although
the Company believes the expectations expressed in such forward‐looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward‐looking statements. Factors that could
cause actual results to differ materially from those in forward‐looking statements include, but are not
limited to, changes in commodities prices; changes in expected mineral production performanc e;
unexpected increases in capital costs; exploitation and exploration results; continued availability of capital
and financing; and general economic, market or business conditions. In addition, forward‐looking
statements are subject to various risks, including but not limited to operational risk; political risk; currency
risk; capital cost inflation risk; that data is incomplete or inaccurate. The reader is referred to the
Company’s filings with the Canadian securities regulators for disclosure regarding t hese and other risk
factors, accessible through Aftermath Silver’s profile at www.sedar.com.
There is no certainty that any forward‐looking statement will come to pass and investors should not place
undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to
any of the forward‐looking statements in this release, except as required by law.