Aftermath Silver files Technical Report and Clarifies Technical Disclosure on the Berenguela Silver-Copper Project, Peru
FOR IMMEDIATE RELEASE February 25, 2021
(AAG2021 – NR #4)
Aftermath Silver files Technical Report and Clarifies Technical
Disclosure on the Berenguela Silver-Copper Project, Peru
Vancouver, BC, February 25, 2021 – Aftermath Silver Ltd. (the “Company” or “Aftermath Silver”) (TSX-V:
AAG) (OTCQB: AAGFF) has filed a technical report (the “Berenguela Technical Report”) on the Berenguela
Silver-Copper Project, located in Peru (“Berenguela”) pursuant to National Instrument 43 -101 Standards
of Disclosure for Mineral Projects (“NI 43-101”) under the Company’s profile on SEDAR. In its news release
dated July 27, 2020 (the “July News Release”) the Company announced the entering into a binding letter
of intent with SSR Mining Inc. to purchase 100% of Berenguela.
The Berenguela Technical Report, titled “ Berenguela Silver-Copper-Manganese Property Update” has an
effective date of February 18, 2021 and was prepared by AMC Mining Consultants (Canada) Ltd. and
Ausenco Engineering Canada Inc. The “qualified persons” for the Berenguela Technical Report are JM
Shannon, P. Geo., MA Batelochi, MAusIMM (CP), and GS Lane, FAusIMM.
The Berenguela Technical Report presents the results of the details of land tenure, a summary of historic
exploration work, descriptions of geology, metallurgical test work and analysis of Berenguela’s drill hole
data base including an ana lysis of the quality control and drill results. The Berenguela Technical Report
does not outline a mineral resource estimate or an economic study for Berenguela.
Ralph Rushton, President and CEO of the Company, commented : “The Berenguela Technical Report
provides a detailed review of the available data on Berenguela. Key preliminary work will start soon
including trade-off studies on process options. Planning for metallurgical test work, using available samples
stored in Perth, Australia and drill program design and permitting will now commence.“
The Company also wishes to clarify that the historic scoping study for Berenguela undertaken by the
previous operator of Berenguela (the “Scoping Study”) disclosed in the July News Release should not be
relied upon as a qualified person has not classified the historical estimate as current mineral resources or
mineral reserves. The Company is not treating the Scoping Study as current mineral resources or mineral
reserves and hereby retracts the Scoping Study disclosure in the July News Release.
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. The project is located in the Department of Puno, in southern
central Peru.
• Challacollo Silver -Gold project. The Company ha s an option to acquire 100% interest in the
Challacollo silver-gold project through a binding agreement with Mandalay Resources, see Company
news release dated June 27th, 2019. The Company announced a CIM compliant Mineral Resource
for Challacollo on Decem ber 15 th 2020, details of which can be found in the NI 43 -101 Technical
Report for Challacollo (available on SEDAR and on the Company’s web page).
• Cachinal Silver -Gold project. The Company own 80% interest, with an option to acquire the
remaining 20% from SSR Mining. Located 2.5 hours south of Antofagasta. On September 1 6, 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).
Aftermath is well funded to advance its programs in 2021, with approximately $15 million in the treasury.
Qualified Person
Peter Voulgaris, MAIG, MAusIMM, a consultant to the Company, is a non-independent qualified person as
defined by NI 43-101. Mr. Voulgaris has reviewed the technical content of this news release, and consents
to the information provided in the form and context in which it appears.
ON BEHALF OF THE BOARD OF DIRECTORS
“Ralph Rushton”
Ralph Rushton
President, CEO and Director
604-484-7855
Neither the TSX Venture Exchange nor its Regulation Services Provi der (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 interpretatio n of exploration programs and drill results,
proposed work programs at Berenguela, predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (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, e vents 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 su ch 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 performance; 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 these 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.
Cautionary Note to US Investors - Mineral Resources
This News Release has been prepared in accordance with the requirements of NI 43-101 and the Canadian
Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of
U.S. securities laws. NI 43 -101 is a rule developed by the Canadian Securities Administrators that
establishes standards for all public disclosure an issuer makes of scientific and techn ical information
concerning mineral projects. Canadian public disclosure standards, including NI 43-101, differ significantly
from the requirements of the United States Securities and Exchange Commission , and information
concerning mineralization, deposits , mineral reserve and resource information contained or referred to
herein may not be comparable to similar information disclosed by U.S. companies.