Silver Mountain Files Ni 43-101 Technical Report FOR Previously Announced Updated Mineral Resource Estimate at the Reliquias Project
SILVER MOUNTAIN FILES NI 43-101
TECHNICAL REPORT FOR PREVIOUSLY
ANNOUNCED UPDATED MINERAL
RESOURCE ESTIMATE AT THE RELIQUIAS
PROJECT
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO
THE UNITED STATES
/
TORONTO
,
March 19, 2024
/CNW/ - Silver Mountain Resources Inc. ("
Silver Mountain
" or the
"
Company
") (TSXV: AGMR) (OTCQB: AGMRF) today announces that it has filed an independent
technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure
for Mineral Projects supporting the updated mineral resource estimate for its 100% owned Reliquias
project in central
Peru
.
The technical report entitled "NI 43-101 Technical Report: Mineral Resource Update, Reliquias Mine"
dated
March 8, 2024
and with an effective date of
January 1, 2024
is available on SEDAR Plus (
www.sedarplus.ca
) under the Company's issuer profile and will be posted on Silver Mountain's
website at
www.agmr.ca
. The Company is pleased to report there are no material differences
between the key results, assumptions and estimates contained in the news release dated
February
7, 2024
, and the content of the technical report filed today.
On Behalf of the Board of Directors of Silver Mountain Resources Inc.
Alvaro Espinoza
, Chief Executive Officer
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production
at the Reliquias underground mine and undertake exploration activities at its prospective silver
camps at the Castrovirreyna Project in Huancavelica,
Peru
.
For additional information in respect of the Castrovirreyna Project, please refer to the Company's
technical report, titled NI 43-101 Technical Report: Mineral Resource Update, Reliquias Mine, dated
March 8, 2024
, effective date
January 1, 2024
, available at
https://sedarplus.ca
.
For further information about our drill program, including cross sections of the main veins with drill
hole locations, please refer to our corporate presentation, available on our website at
www.agmr.ca
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns 100% of its concessions and
holds more than 60,000 hectares in the district of Castrovirreyna, Huancavelica,
Peru
.
Neither 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.
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information within the
meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to
Silver Mountain's current expectations and views of future events. Any statements that express, or
involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or
performance (often, but not always, through the use of words or phrases such as "will likely result",
"are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated",
"intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical
facts and may be forward-looking statements and may involve estimates, assumptions and
uncertainties which could cause actual results or outcomes to differ materially from those expressed
in such forward-looking statements. No assurance can be given that these expectations will prove to
be correct and such forward-looking statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of
risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are disclosed in or implied by such
forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors
set forth under "
Risk Factors
" in the Company's annual information form dated
August 14, 2023
and
other disclosure documents available on the Company's profile at
www.sedarplus.ca
. Silver
Mountain undertakes no obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be required by law. New
factors emerge from time to time, and it is not possible for Silver Mountain to predict all of them or
assess the impact of each such factor or the extent to which any factor, or combination of factors,
may cause results to differ materially from those contained in any forward-looking statement. Any
forward-looking statements contained in this news release are expressly qualified in their entirety by
this cautionary statement.
SOURCE
Silver Mountain Resources Inc.
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For further information:
Alvaro Espinoza, Chief Executive Officer, Silver Mountain Resources Inc,
82 Richmond Street East, Toronto, ON M5C 1P1, [email protected], www.agmr.ca
CO: Silver Mountain Resources Inc.
CNW 19:07e 19-MAR-24