Highlander Silver Focuses Exploration Portfolio ON LA Estrella, ALTA Victoria
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HIGHLANDER SILVER FOCUSES EXPLORATION PORTFOLIO ON
LA ESTRELLA, ALTA VICTORIA
July 17, 2023 - Vancouver, British Columbia – Highlander Silver Corp. (CSE:HSLV) (the
“Company” or “Highlander Silver”) announces that following a strategic review process, in order to
focus the Company´s resources on the highest quality assets , it has terminated its option to acquire
a 100% interest in the Politunche project . In accordance with the Option Agreement, the Company
has given notice for termination of the Option Agreement which will be effective immediately. The
terms of the Option Agreement were announced in the Company’s news release dated January 19th,
2022.
In addition, the company will reduce its property holdings at the Alta Victoria project from 6,476
Hectares to 3,215 Hectares, retaining the most prospective areas including the Santa Teresita and
Pachas targets (see news release December 28 th, 2022) and a significant buffer zone for future
development around them. This follows a review and ranking of targets across the entire land
package, resulting in the decision to relinquish the Ninarupa prospect (see news release dated May
13, 2022), so Ninarupa is not included in the property that Highlander is retaining.
The Company continues work at its La Estrella flagship asset. O n July 11, 2023 Highlander Silver
announced the development of 3D geological models of the Ag-Au mineralization using the available
drilling information and interpreted geological controls. Potential extensions to the mineralized
envelopes were used to outline a near surface exploration target of 15 to 35 Mt averagin g between
50 and 60 g/t Ag, and 0.4 to 0.6 g/t Au containing some 25 to 60 MOz Ag and 0.2 to 0.7 MOz Au.
The potential quantity and grade of the exploration target is conceptual in nature, and more
exploration is required to define a mineral resource. Important aspects such as metallurgical
processing options need to be investigated to evaluate potential recoveries of Ag and Au. As such, it
is uncertain if this work will result in the target being delineated as a mineral resource. In addition,
further drilling will be required to investigate the extensions and continuity of the mineralization.
David Fincham, Highlander’s President and CEO commented, “ Given the ongoing work
demonstrating impressive exploration potential at our La Estrella project, we will direct our resources
to where we can deliver most shareholder value. We are therefore focusing our portfolio, exiting our
Politunche option agreement and reducing the land package at Alta Victoria to the most prospective
areas. I would like to thank our partners at Politunche for their cooperation and support to date. At
our Alta Victoria project, we continue to seek a partner for the next phase of drilling at the Santa
Teresita prospect (see news release April 25th, 2023), where our 2022 drill program returned several
significant intercepts of silver and base metals plus manganese sulphide that closely resemble the
upper portions of the high grade Uchucchacua silver mine, located 90 kms along strike to the
northwest of the project.
We look forward to providing regular updates on our progress at both La Estrella and Alta Victoria
over the coming months.”
The Company also announces that the Investor Relations agreement with Harbor Access has been
terminated.
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Qualified Person
All scientific and technical information contained in this news release related to Alta Victoria and
Politunche was prepared and approved by Walter La Torre, (Qualified Person), MAusIMM (CP). All
scientific and technical information contained in this news release related to La Estrella 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 experienc e 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 adequacy or accuracy of this news
release.
For further information, please contact:
David Fincham
Chief Executive Officer
Highlander Silver Corp.
(604) 283 7630
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 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, , 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 inform ation 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.