Halcones Announces Carachapampa Option Payment
HALCONES ANNOUNCES CARACHAPAMPA OPTION PAYMENT
TORONTO, ONTARIO July 10 2023 – Halcones Precious Metals Corp. (TSX – V: HPM) (the
“Company” or “Halcones”) announces that its wholly -owned subsidiary, Minera Los Halcones
SpA, has made the scheduled option agreement payment pursuant to the option agreement (the
“Option Agreement”) to maintain its option to acquire the Carachapampa project (the “Project”).
As previously announced, Halcones and the optionor agreed to extend the deadline to make the
next payment of USD$200,000 from April 7, 2023 to July 7, 2023 (Please see Halcones’ news
release dated April 4, 2023) . The extension e nabled additional time for the Halcones technical
team to fully evaluate the results of the recent 7 hole (1 ,526 m) drill campaign. With the
additional analysis now complete, Halcones has paid the scheduled amount in full.
Drill campaign highlights:
Hole CAR23-008 returned 1.09 g/t Au and 17.35 g/t Ag over 11 m from 81 m down hole at the
Central Target, including 1.53g/t Au and 27.82 g/t Ag over 6m.
Hole CAR23-012 returned 2.75 g/t Au and 20.94 g/t Ag over 10 m from 79 m down hole at the
Northwest Target. This is part of a broader mineralized interval of 1.3 g/t Au and 11.73 g/t Ag
over 24 m from 73 m downhole.
Please see the Company’s April 27, 2023 press release for additional details regarding these drill
results.
According to Ian Parkinson , CEO of Halcones, “With the option payment now complete, w e are
very excited to continue drilling at Carachapampa and follow -up on our recent exploration
success. Our team has discovered two significant new mineralized zones during o ur seven
drillhole campaign earlier in 2023 and these results justify expanding our work program. These
discoveries are only approximately 2 kilometeres from past producing deposits. Carachapampa
enjoys good access with an all-season road adjacent to the property. Our team is excited to get
back in the field when weather has improved following the southern hemisphere winter.”
About the Carachapampa project:
The Carachapampa Project is in the epithermal portion of the Maricunga Belt, one of the world’s
most prolific gold belts. The belt includes many large scale high sulphidation epithermal (“HSE”)
deposits including the 2.9MM oz Au Equivalent, La Coipa (Kinross), 3.7MM oz Au Salares Norte
(Gold Fields). Carachapampa is adjacent to the 1.89MM oz Au Equivalent Nueva Esperanza
project (Kingsgate). The Project area includes four Miocene age volcanic domes, an essential
geological component for HSE gold mineralization. The domes are aligned on the same NW/SE
structural corridor controlling the Arque ros and Teterita gold -silver deposits . Halcones has
identified four target areas all with gold mineralization at Carachapampa, Central Target,
Northwest Target, Falda East Target and Mina del Indio Target. Only the Central and Northwest
have been drill tested to date. In the Carachapampa area the mineralized zones occur relatively
close to or at surface.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
Mr. David Gower, P.Geo ., as defined by National Instrument 43 -101 of the Canadian Securities
Administrators.
About Halcones Precious Metals Corp.
Halcones is focused on exploring for and developing gold- silver projects in the Maricunga Belt,
Chile, the premiere gold mining district in South America. The Company has a team with a strong
background of exploration success in the region.
For further information, please contact:
Vincent Chen
Investor Relations
www.halconespreciousmetals.com
Cautionary Note Regarding Forward-looking Information
This press release contains “forward- looking information” within the meaning of applicable
Canadian securities legislation. Forward -looking information includes, without limitation,
regarding the prospectivity of the Project, the mineralization of the Project, the Company’s
exploration program, the Company’s ability to explore and develop the Project, the Option
Agreement and the Company’s ability to complete remaining payments pursuant to the Option
Agreement and the Company’s future plans. Generally, forward -looking information can be
identified by the use of forward- looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”
or “does not anticipate”, or “believes”, or variations of such words and phrases or state that
certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or
“be achieved”. Forward - looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance
or achievements of Halcones, as the case may be, to be materially different from those expressed
or implied by such forward -looking information, including but not limited to: general business,
economic, competitive, geopolitical and social uncertainties; the actual results of current
exploration activities; risks associated with operation in foreign jurisdictions; ability to
successfully integrate the purchased properties; foreign operations risks; and other risks inherent
in the mining industry. Although Halcones has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward -looking information,
there may be other factors that cause res ults not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly,
readers sho uld not place undue reliance on forward- looking information. Halcones does not
undertake to update any forward- looking information, except in accordance with applicable
securities laws.
Information and links in this press release relating to other mineral resource companies are from
their sources believed to be reliable, but that have not been independently verified by the
Company.
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DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.