HSLV.TO · 2022-02-21 12:00:00

Highlander Confirms Expanded High Grade Silver-Gold Footprint at Politunche in Central Peru

Corporate Updates

Highlander Confirms Expanded High Grade Silver-Gold Footprint at Politunche in

Central Peru

February 21, 2022 - Vancouver, British Columbia – Highlander Silver Corp. (CSE:HSLV) (the “Company”

or “Highlander”) is pleased to announce the results from ninety -five (95) due diligence grab and chip

samples (including six previously reported) from outcropping exposures on its recently acquired

Politunche Property (“the Property” or “Politunche”). Highlander was attracted to the Project based on

the extent of historic, high -grade gold and silver surface sample s and encouraging drill results, found

within an intensely altered package of volcanic rocks.

Highlights of the recent sampling include:

• Of the ninety-five (95) samples collected, twenty-two (22) samples returned gold results in excess

of 1.0 g/t. Ten (10) of those 22 samples exceeded 3.0 g/t ranging from 3.01 g/t to 13.20 g/t;

• Forty-three (43) of the samples assayed above 50 g/t silver including 2 5 assays that ranged from

167g/t to 1,535 g/t silver;

• The majority of the highly anomalous gold samples are coincident with a n historic gold-in-soil

anomaly that measures 250 metres by 650 metres that has yet to be drill tested;

• The silver (g/t) to gold (g/t) ratio is highly variable ranging from 1.8 to 4,650. The spatial

distribution and analytical data suggest two mineralizing events, a silver rich base metal phase

followed by a gold-silver phase.

Ron Stewart, President and C EO of Highlander commented, “ The results of our due diligence sampling

confirm the presence of a high- grade mineralizing system and clearly demonstrate potential for the

discovery of a precious metal deposit on the Politunche property. We intend to systematically map and

sample the property to define the size and scope of the mineralized system and develop priority drill targets

for testing later in the year. We expect that this work, together with our ongoing exploration of the nearby

Alta Victoria project will continue to demonstrate the highly prospective nature of our project holdings.

Since initiating the due diligence a total of 95 grab and chip samples have been collected an analysed on

the property including 6 results that were previously reported. In addition, 39 soil samples were collected

and submitted for multi -element ICP analysis and 243 sample sites were tested with a porta ble X-Ray

Fluorescence (pXRF) analyzer. This work was directed at confirming the historic results from work

completed by Solitario Zinc Corp from 2007 to 2011.

Gold anomalism appears concentrated in the northern half of the property while high -grade silver

associated with increased lead-zinc values has a broader distribution across the property. Of the ninety-

five (95) samples collected, 22 samples returned gold results in excess of 1.0 g/t and 10 exceeded 3.0 g/t

ranging from 3.01 g/t to 1 3.20 g/t (see Table 1). Forty-three (43) of the samples assayed above 50 g/t

silver including 2 5 assays that ranged from 167g/t to 1, 535 g/t silver. Table 2 presents the analytical

results of the silver samples that exceed 150 g/t.

Table 1: Gold Grab & Chip Sample Results Above 3.0 g/t

Table 2: Silver Grab & Chip Samples Above 150 g/t

Sample ID East North

Elevation

(m ASL) Gold (g/t)

Silver

(g/t)

Lead

(%)

Zinc

(%)

AgEQ1

(g/t) Target

PTR000332 340490 8735048 4876 3.30 179.0 0.57% 0.60% 461 Soil Target

PTR00043 340454 8735037 4871 13.20 43.1 0.15% 0.05% 1103 Soil Target

PTR00045 340456 8735113 4873 5.05 29.1 0.10% 0.91% 450 Soil Target

PTR00046 340450 8735178 4867 3.78 56.5 0.21% 0.70% 374 Soil Target

PTR00047 340477 8735129 4848 4.42 11.8 0.02% 0.01% 366 Soil Target

PTR000642 340128 8735686 4792 5.39 385.0 2.14% 0.01% 845 NE Trend

PTR00075 340390 8735023 4828 3.04 15.7 0.42% 0.14% 267 Soil Target

PTR00085 340393 8734972 4830 7.83 56.9 0.40% 0.08% 690 Soil Target

PTR00086 340429 8735013 4859 3.89 113.0 1.03% 3.12% 491 Soil Target

PTR00087 340405 8735180 4841 3.01 5.3 0.01% 0.01% 247 Soil Target

1. AgEQ: Based on $1,650/oz Au; $20.60/oz Ag; $0.90/lb Pb; $1.15/lb Zn

2. Sample also presented in Table 2

Sample ID East North

Elevation

(m ASL) Gold (g/t)

Silver

(g/t)

Lead

(%)

Zinc

(%)

AgEQ1

(g/t)

21090042 340680 8735049 4812 0.89 879 1.40% 5.43% 1,060

21090062 340926 8734313 4875 0.64 1,535 1.53% 1.21% 1,627

21090082 340836 8733703 4825 0.11 511 3.61% 6.53% 677

PTR000012 340675 8735046 4809 1.17 1,128 10.24% 8.56% 1,500

PTR000092 340810 8733688 4836 0.22 649 1.41% 1.26% 706

PTR000122 340851 8733743 4854 0.54 437 4.25% 0.25% 540

2109009 340828 8734602 4806 0.43 194 1.21% 0.19% 247

2109010 340960 8734762 4749 0.31 241 2.62% 4.26% 372

PTR00004 340939 8734316 4871 0.15 541 0.59% 0.84% 575

PTR00007 340830 8733698 4831 0.22 241 2.72% 1.65% 322

PTR00011 340806 8733728 4844 0.60 210 0.07% 0.32% 264

PTR00020 340825 8734957 4809 0.18 398 1.40% 0.28% 435

PTR00022 340827 8734912 4791 0.74 167 0.54% 0.35% 239

PTR00023 340858 8734980 4797 0.67 1,378 3.53% 1.02% 1,495

PTR000333 340490 8735048 4876 3.30 179 0.57% 0.60% 461

PTR00036 340462 8735044 4873 1.21 868 2.86% 1.37% 1,025

PTR00044 340456 8735104 4871 2.35 489 3.56% 1.48% 749

PTR00050 340278 8735722 4844 0.72 210 5.50% 2.88% 388

PTR00051 340278 8735720 4844 0.31 230 4.44% 2.54% 356

PTR00056 340248 8735749 4850 0.50 233 2.42% 2.38% 345

PTR00057 340212 8735748 4806 0.94 393 2.99% 2.84% 555

PTR00058 340191 8735733 4808 0.40 410 1.82% 7.27% 588

PTR000643 340128 8735686 4792 5.39 385 2.14% 0.01% 845

PTR00065 340111 8735689 4786 0.36 171 1.10% 1.00% 231

PTR00068 340197 8735694 4813 0.08 251 1.55% 2.37% 318

1. AgEQ: Based on $1,650/oz Au; $20.60/oz Ag; $0.90/lb Pb; $1.15/lb Zn

2. Previously released data (Jan 19 2022)

3. Sample also presented in Table 1

The North block mineralization is characterized by a set of NE trending structures cross -cutting a NNW

trending ridgeline which transects the property. Historic exploration identified a series of veins, breccias

and stockworks over a 1.5 x 3 kilometre area. An arcuate shaped gold trend appears to be emerging from

Highlanders current sampling along and adjacent to a ridge-forming, dike-dome outcropping. Here, nine

rock samples returned grades in excess of 3.0 g/t with one sample grading above the assay labs upper

detection limit of 10 g/t gold. This highly anomalous gold trend zone lies adjacent to a 250ppb gold soil

anomaly measuring roughly 250 metres by 650 metres which drapes over a saddle along the NN W

trending ridgeline. No drilling has been conducted on this target. (Figure 1).

A second gold trend was previously identified near the northern boundary of the proper ty where a NE

trending structural zone hosts multiple veins with gold grades ranging from 0.5 g/t to a maximum of 5.39

g/t over a 1.0 -kilometre strike length. Four of Solitario’s 11 drill holes encountered multiple, significant

gold intercepts within this zone. The best intersection came from hole AZ-003 that averaged 0.46 g/t Au,

7.3 g/t Ag over 54.5m including 6.9m @ 1.46 g/t in hole AZ-003.

Figure 1: Location of grab & chip rock samples above 3.0 g/t gold

Silver-lead-zinc bearing structures extend over the entire length of the property, forming what appears to

be a north-northwest trend. The distribution may be in part due to limited sampl e density. These veins

and breccias typically contain disseminated to semi-massive veinlets of galena, brown sphalerite and silver

sulfosalts with later drusy quartz cavity linings and bladed barite. This style of mineralization occurs with

pervasive argillic and phyllic alteration, which is often known to be linked to underlying intrusive related,

mineralizing systems at depth.

Figure 2 presents the location of the 25 silver results above 150 g/t . The distribution of silver lead -zinc

anomalism together with the fact that only 2 of the 25 highly anomalous silver samples had corresponding

gold grades in excess of 3.0 g/t suggests the p robability of two mineralizing events. This is further

supported by the highly variable silver (g/t) to gold (g/t) ratio that varies from a low of 1.8 to a high of

4,645. Our current working hypothesis is that a late gold even t overprinted an earlier silver- base metal

phase in a telescoping, multi-episodic mineralizing system.

Figure 3: Location of Silver Grab & Chip Samples Above 150 g/t

Politunche Property

Highlander entered into an option agreement (the “Agreement”) to acquire 100% of the 600 hectare (Ha)

Politunche Property located in the prolific, silver- rich polymetallic belt of central Peru and just 15

kilometres from the Company´s flagship, Alta Victoria Project. The company can acquire a 100% interest

in the Property by paying US$2.0 million over 4 years and completing a minimum of 2,500 metres of

drilling. The property owner will retain a 2% NSR which Highlander may purchase by paying US$500,000

per one percent (see News Release dated January 19, 2022)

Quality Control

All new rock and soil samples reported in this press release were delivered to CERTIMIN Laboratories, a

certified laboratory located in Lima, Peru for preparation and analysis. Rock samples were weighed, dried,

crushed to 90% <2mm and riffle split while soils were weighed, dried and screened to - 180 µm. A 250g

subsample was pulverized to 85% <75 µm for both rock and soil sample types. All samples were assayed

using a 30g nominal weight fire assay with atomic absorption finish (Au-G0108) for gold, and 49 elements

by 4-acid ICP-OESMS (method G0176R). When G0176R results were >100ppm for Ag and >10,000ppm for

Pb and Zn assays were reported using four-acid digest method (G0048) and metals (Ag-G0002, Pb-G0077,

001

002

003

004

010

011

005

006

009

007

008

Ag g/t in Rock

5.1 - 15

15.1 - 30

30.1 - 60

60.1 - 150

> 150

Higlander Samples

POLITUNCHE

410 g/t Ag, 0.4 g/t Au,

1.82% Pb, 7.27% Zn

385 g/t Ag, 5.4 g/t Au,

2.14% Pb, 0.01% Zn

171 g/t Ag, 0.4 g/t Au,

1.10% Pb, 1.0% Zn

489 g/t Ag, 2.4 g/t Au,

3.56% Pb, 1.48 % Zn

868 g/t Ag, 1.2 g/t Au,

2.86% Pb, 1.37% Zn

393 g/t Ag, 0.9 g/t Au,

2.99% Pb, 2.84% Zn

1,378 g/t Ag, 0.7 g/t Au,

3.53% Pb, 1.02% Zn

398 g/t Ag, 0.2 g/t Au,

1.40% Pb, 0.28% Zn

167 g/t Ag, 0.7 g/t Au,

0.54% Pb, 0.35% Zn

1,535 g/t Ag, 0.6 g/t Au,

1.53% Pb, 1.21% Zn

210 g/t Ag, 0.6 g/t Au,

0.07% Pb, 0.32% Zn

649 g/t Ag, 0.2 g/t Au,

1.41% Pb, 1.26% Zn

233 g/t Ag, 0.5 g/t Au,

2.42% Pb, 2.38% Zn

230 g/t Ag, 0.3 g/t Au,

4.44 % Pb, 2.54 % Zn

210 g/t Ag, 0.7 g/t Au,

5.50% Pb; 2.88% Zn

251 g/t Ag, 0.1 g/t Au,

1.55% Pb; 2.37% Zn

179 g/t Ag, 3.3 g/t Au,

0.57% Pb; 0.60% Zn

1,128 g/t Ag, 1.2 g/t Au,

10.24% Pb; 8.56% Zn

879 g/t Ag, 0.9 g/t Au,

1.40% Pb; 5.43% Zn

241 g/t Ag, 0.3 g/t Au,

2.62% Pb; 4.26% Zn

194 g/t Ag, 0.4 g/t Au,

1.21% Pb; 0.19% Zn

541 g/t Ag, 0.2 g/t Au,

0.59% Pb; 0.84% Zn

241 g/t Ag, 0.2 g/t Au,

2.72% Pb; 1.65% Zn

437 g/t Ag, 0.5 g/t Au,

4.25% Pb; 0.25% Zn

511 g/t Ag, 0.1 g/t Au,

3.61% Pb; 6.53% Zn

Zn-G0388). Where silver exceeds 1000 ppm th ose samples were reported using Fire Assay -gravimetric

(Ag-G0008). Two standards and one duplicate sample were submitted by Highlander. CERTIMIN routinely

inserts certified gold, silver and base metal standards, blanks and pulp duplicates, and results of all

CERTIMIN QA/QC samples are reported. The standard, blank and duplicate samples used by CERTIMIN are

generally considered sufficient QA/QC for Highlander’s sample analysis however Highlander may choose

to add to the QA/QC protocol.

Qualified Person Statement

All scientific and technical information contained in this news release was prepared and approved by

Ronald Stewart, P.Geo., President and CEO of Highlander Silver Corp. who is a Qualified Person as defined

in NI 43 -101. Mr. Stewart has verified the scien tific and technical information disclosed in this news

release by reviewing the sampling, analytical and drilling data from the Property.

About Highlander Silver Corp.

Highlander Silver Corp. is a mineral exploration company focused on the exploration of silver -

polymetallic projects in central Peru, as well as targeting the acquisition of additional mineral

projects by leveraging the team’s significant experience in Peru and South America more widely.

Additional information about Highlander and its mineral projects can be viewed on the Company’s SEDAR

profile at www.sedar.com and its website at www.highlandersilver.com.

Neither the Canadian Securities Exchange ( CSE) nor the Investment Industry Regulatory Organization of

Canada (IIROC) accepts responsibility for the adequacy or accuracy of this news release.

For further information, please contact:

Ronald Stewart

Chief Executive Officer

Highlander Silver Corp.

(604) 283 7360

[email protected]

Forward-Looking Information

Certain information contained in this news release constitutes “forward -looking information” under

Canadian securities legislation. This includes, but is not limited to, information or statements with respect

to anticipated payments and drilling to be completed pursuant to the terms of the Agreement, the

acquisition of the Property, registration of title to the Property, the future exploration plans of the

Company, costs and timing of future exploration, anticipated results of exploration, potential

mineralization of the Property, potential for future acquisitions and anticipated timing of such acquisitions.

Such forward looking information or statements can be identified by the use of words such as “believes”,

“plans”, “suggests”, “targets” or “prospect s” or variations (including negative variations) of such words

and phrases, or state that certain actions, events or results “will” be taken, occur, or be achieved. Forward-

looking information involves known and unknown risks, uncertainties, and other factors which may cause

the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially

different from any future results, performance, or achievements expressed or implied by the forward -

looking information. Such factors include, among others, general business, economic, competitive, political

and social uncertainties, the actual results of current exploration activities, conclusions of economic

evaluations, changes in project parameters as plans continue to be refined, future prices of precious and

base metals, possible variations of ore grade or recovery rates, failure of plant, equipment, or processes

to operate as anticipated, accident, labour disputes and other risks of the mining industry, and delays in

obtaining, or failure to obtain, governmental approvals, registration of title to the Property, or financing,

or delays in the completion of development or construction activities. Although the Company has

attempted to identify important factors that could cause actual actions, events or results to differ

materially from those described in forward- looking information, there may be other factors that could

cause actions, events or results to differ from those anticipated, estimated or intended. Forward- looking

information contained herein are made as of the date of this news release. There can be no assurance that

forward-looking information will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such statements. The Company undertakes no obligation to update

forward-looking information if circumstances or management’s estimates or opinions should change ,

except as required by applicable securities laws . Accordingly, the reader is cautioned not to place undue

reliance on forward-looking information.

← Back to feed