Highlander Silver Announces 50 to 100 Million Ounce Silver Equivalent Exploration Target at the LA Estrella Project and Investor Relations Agreement with Harbor Access
HIGHLANDER SILVER ANNOUNCES 50 to 100 MILLION OUNCE
SILVER EQUIVALENT EXPLORATION TARGET AT THE LA
ESTRELLA PROJECT AND INVESTOR RELATIONS AGREEMENT
WITH HARBOR ACCESS
May 16th, 2023 - Vancouver, British Columbia – Highlander Silver Corp. (CSE:HSLV) (the
“Company” or “Highlander Silver”) is pleased to announce results of grade-shell modelling at its La
Estrella project, Central Peru.
The Company´s 3D grade shell modelling of historic drilling indicates a near surface exploration target
(>50 g/t AgEq) of 15 to 35 Mt averaging between 90 and 110 g/t AgEq, containing some 50 to 100
Million Oz AgEq*.
*Ag Equivalent is calculated considering a silver price of US$ 20 / Oz Ag and US$ 1,700 / Oz Au
Average grades of 50 to 60 g/t Ag and 0.4 to 0.6 g/t Au were considered for the sliver equivalent content of the
exploration target.
The potential quantity and grade of the exploration target is conceptual in nature and there has been insufficient
exploration work and drilling to define a mineral resource and the full potential of the mineralisation. Moreover,
it is uncertain if further exploration will result in the target being delineated as a mineral resource.
David Fincham, Highlander’s President and CEO commented, “Since our acquisition of the La Estrella
project in March earlier this year , the Highlander team has worked to understand the project´s
exploration target potential based on 3D geological grade shell modelling from historic drilling. We
are delighted with the results of this initial work which confirms our view that La Estrella h as the
potential to become a mining project of significance. In parallel with this technical work, we have
established relationships with the local communities who have indicated strong support for Highlander
moving the project forward.
The La Estrella acquisition represents an inflection point for the Company and our shareholders. Our
planned work towards an inaugural resource at the project provides the company with significant
near-term upside potential.”
Following the acquisition of the La Estrella project in Central Peru (see press release of March 23rd
2023), the Highlander team has been working with the historical drilling data (total of 41 drill holes for
8,500m) to understand the project´s exploration potential. A 3D grade shell model has been
developed based on the drilling information and observed geological controls. The results indicate a
potential near surface, high er grade (>50 g/t AgEq) exploration target of 15 to 35 Mt averaging
between 90 and 110 g/t AgEq, containing some 50 to 100 Million Oz AgEq. The higher grade (>50
g/t AgEq) mineralisation is contained within a much larger grade shell of >20 g/t AgEq that is open in
multiple directions. See figure 1 below.
Figure 1. La Estrella 3D mineralised envelopes view looking NE: 50 g/t AgEq and 20 g/t AgEq grade
shells.
*See Ag Equivalent footnotes, above
It is significant that some of the highest grade drill hole intercepts are open to the South, with a 500
m gap to the next drill hole, providing significant additional potential upside.
The team will now focus on producing an updated geological model that will underpin the inaugural
resource work to be completed over the coming several months. In addition, the Company will
continue to build trust and nurture our existing relationships with the local communities and other key
stakeholders to create an optimal environment for advancing the project.
The Company is also pleased to announce the engagement of Harbor Access Inc. (“Harbor Access”),
a strategic cross -border investor relations advis ory firm focused on small and mid- cap companies.
Under the terms of the agreement, Harbor Access has been engaged for 12 months , commencing
on May 15th, 2023 and will be paid a monthly retainer of US$7,000 and will provide support to build
an investor relations strategy, and assist with incoming and outgoing communications. Harbor
Access has an office at 107 Elm Street, 4th Floor in Stamford Connecticut and Graham Farrell will be
providing the services on their behalf. Graham can be reached at Graham.Farell@harbor -
access.com.
Harbor Access has no interest, directly or indirectly, in the Company or its securities, or any right or
intent to acquire such an interest.
About La Estrella
The La Estrella project is located in the Huancavelica Department, Central Peru, about 250 km ESE
of Lima, on the eastern slope of the Western Cordillera. It is within the prolific Miocene polymetallic
belt, approximately 34 km NNE of the Julcani Mine, which has produced over 10 5 million ounces of
silver from high grade vein mineralisation averaging 16 ounces per ton since production started by
Buenaventura in 1953 (Hector Barrionuevo, Julcani – Mina emblematica de Minas Buenaventura con
63 años de operación. PERU XVIII Peruvian Geological Congress).
Mineralisation at La Estrella occurs spatially and genetically associated with a sequence of volcanic
and subvolcanic rocks, comprising coarse fragmental dome- diatreme andesite, massive porphyritic
andesite and dacite dome facies, with late stage emplacement of amygdaloidal, biotite- feldspar
porphyritic lamprophyre dykes and sills. These rocks lie on the hanging wall of a west-dipping fault,
against redbeds of the Permo-Triassic Mitu Formation.
From 2003 to 2012 a total of 8,500 m was drilled in 41 holes defining a NNE tabular, west dipping
mineralised system approximately 1,800 m long north to south, up to 300 m wide east to west, and
200 m thick. The deposit, which is open to the north, south and also down dip to the west, consists
of multi -episodic polymetallic (Ag- Au ±Pb ±Zn ±Cu) intermediate sul phidation epithermal
mineralisation that often starts in drill holes within a few metres from surface.
Qualified Person
All scientific and technical information contained in this news release has been reviewed and is
approved by Graeme Lyall (FAusIMM Nº224791), non-executive Director at Highlander Silver Corp,
who serves as the qualified person (QP) under the definitions of National Instrument 43-101.
About Highlander Silver
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 Silver and its mineral projects can be viewed on the Company’s SEDAR
(www.sedar.com) 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 adeq uacy or accuracy of this news
release.
For further information, please contact:
David Fincham
Chief Executive Officer
Highlander Silver Corp.
(604) 283 7630
Graham Farrell
Investor Relations
(416) 842-9003
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 the future exploration plans of the Company, permitting and timing of future exploration.
Such forward looking information or statements can be identified by the use of words such as
“anticipates”, “plans”, “suggests”, “targets” or “prospects” or variations (including negative variations)
of such words and phrases, or state that certain actions, events or results “will” be taken, occur, or
be ach ieved. 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, , changes in project parameters as plans continue to be refined, , accident,
labour disputes and other risks of the mining industry, and delays in obtaining governmental approvals
or financing. 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.