Highlander Silver Reports High Grade ROCK Samples & Priority Target Areas at Its Politunche Project, Central PERU
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HIGHLANDER SILVER REPORTS HIGH GRADE ROCK SAMPLES &
PRIORITY TARGET AREAS AT ITS POLITUNCHE PROJECT,
CENTRAL PERU
March 10, 2023 - Vancouver, British Columbia – Highlander Silver Corp. (CSE:HSLV) (the “Company”
or “Highlander Silver”) is pleased to provide latest soil and rock sampling results at its Politunche project,
15 kms southwest of Alta Victoria.
Highlights
• 62 additional rock chip samples were collected with 53 samples returning anomalous to bonanza
grades ranging from 29.9 g/t AgEq up to 1522.6 g/t AgEq.
• 33 high grade rock samples (historic plus new samples) above 500 g/t AgEq define a sig nificant
undrilled target: the “Central Dome Target”. The high-grade samples are distributed 750m along a
NNW – SSE structural trend where andesitic to basaltic, subvolcanic dome and dyke rocks intrude
older, horizontally layered, pyroclastic and volcaniclastic rocks.
• Additional in-fill rock sampling and prospecting by Highlander along the “North Vein Target” has
further confirmed potential for high grade, structurally controlled mineralisation for a minimum of
600m along this ENE structural corridor.
AgEq calculations in this press release are based on the following parameters: $1700/oz Au, $20/oz Ag, $3.00/l b
Cu, $0.90/lb Pb, $1.20/lb Zn (all prices in US$).
CEO statement
David Fincham (President & CEO) commented “We are very pleased with these high-grade rock sample
results which define a significant zone of dome intrusion and mineralisation – the Central Dome Target -
that has yet to be drill tested. Dome margins act as fluid conduits and can also provide traps for mineral
deposition. Furthermore, this sampling has validated the potential for high grade vein hosted mineralization
at the North Vein Target. The company looks forward to developing these targets further towards drilling
over the coming year.
Politunche rock sampling
The 2022 rock sampling program at Politunche was designed to achieve the following objectives:
• Test for mineralisation spatially associated with subvolcanic dyke-dome complexes to support
development of new targets, and;
• Confirm potential of the North Vein target , where historical drilling by Solitario returned four
significant intercepts, the highest grade being 3.95m @ 355.38 g/t AgEq (Table 3).
Results
Sixty-two (62) new rock chip samples were collected where 53 (85.5%) of those samples returned
anomalous to bonanza grade values ranging from 29.9 g/t AgEq up to 1522.6 g/t AgEq. Of those same 62
samples 22 (35.5%) ran over 250 g/t AgEq and 5 samples (8.1%) ran over 1000 g/t AgEq. Lead, zinc and
gold are significant contributors to metal values in these samples with combined lead plus zinc returning as
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high as 22.22%. See Table 1 and Table 2, below. As announced in News Release of August 9, 2022,
Highlander purchased the complete Solitario Zinc Corp data set, and that information has been integrated
into the Company´s data base.
SAMPLE # AgEq Au Ag Cu Pb Zn
ppm ppm ppm ppm % %
PTR00103 289.16 0.341 121 156 0.99 2.65
PTR00119 394.26 1.592 123 813 0.71 1.53
PTR00121 537.23 0.805 54.7 440 3.09 7.77
PTR00133 1522.64 0.311 1411 929 2.63 0.10
PTR00134 385.66 0.192 290 150 2.19 0.29
PTR00135 1225.50 2.253 168 197 4.50 17.72
PTR00136 543.68 1.01 441 1645 8.59 0.45
PTR00139 267.97 0.672 119 61.7 1.61 1.03
PTR00140 285.96 0.9 130 93.6 1.40 1.96
PTR00142 492.50 1.713 201 85.5 1.08 2.94
PTR00144 566.77 0.861 358 56.8 2.96 0.84
PTR00145 431.69 0.195 286 133 2.66 1.15
PTR00147 348.80 0.092 164 291 5.02 0.55
PTR00148 720.48 1.192 449 224 2.42 2.33
PTR00149 354.74 0.528 137 115 2.25 2.54
PTR00150 1159.11 0.169 648 142 10.32 4.36
PTR00151 739.79 0.022 713 295 0.88 0.06
PTR00152 1291.28 0.308 691 6169 5.71 8.16
PTR00154 260.06 1.199 142 83.2 0.15 0.28
PTR00155 649.76 2.245 367 2165 0.72 0.97
PTR00156 1068.58 2.474 605 509 3.24 3.74
PTR00158 615.63 0.171 281 1563 0.69 6.89
Table 1. 22 highest grade rock samples from the recent program
Sample Type Company Samples by Company Total Samples
Rock Samples
(chip, select grab, channel)
Highlander 168 2,092 Solitario 1924
Soil Samples
(ICP multi-element analysis)
Highlander 106 818 Solitario 712
pXRF (Soil) Highlander 766 766
Drill Core Assays Solitario 1062 1062
Table 2. Sampling completed to date at Politunche
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Discussion
The highly variable silver to gold ratios in the sampling results suggest at least two mineralising events.
This is consistent with a concept introduced in the Company´s News Release of August 9, 2022 where
evidence in drill core shows a clear cross -cutting relationship between two distinct styles of mineralisation
comprising relatively low grade gold in thin, sheeted and stockwork veining overprinted by a si lver-rich
polymetallic, intermediate sulfidation, veining and breccia event. Multiple mineralising events are usually
present in high grade mineral deposits.
Central Dome Target
At the Central Dome Target 20 rock chip samples returning over 500 g/t AgEq define a zone with 750m
strike length coincident with andesitic dome-dyke intrusions. This is interpreted as a NNW – SSE structural
corridor which provided a conduit for both subvolcanic dome intrusion and subsequent mineralising fluids.
The >250 ppb gold in soil anomaly in the northern part of this target area, generated from historic sampling
by Solitario Zinc Corp (see also Politunche project presentation on the Company website) is further
supporting evidence for fertile fluid flow . The scale and tenor of this target area warrant follow up; likely
through geophysics followed by drill testing (see Figure 1 below).
North Vein Target
Results of historical drilling by Solitario Zinc Corp were first reported in the Company´s News Release of
January 19, 2022. Drill holes AZ -001 to AZ-004 were drilled to test minerali sation along the “North Vein
Target”. Mineralised intercepts encountered in these four, widely spaced drill holes indicate the potential
for continuous ENE trending structurally controlled mineralisation for a minimum of 600m along strike. High
grade rock samples stepping out from the drill collars supports this concept, The drill intercepts shown in
Table 3 below are comparable with economically viable grades in high grade underground mining
operations in central Peru and elsewhere.
Drill
Hole
From To width AgEq
m m m g/t
AZ-001 113.5 117.5 3.95 355.38
AZ-002 112.2 115.1 2.9 266.09
AZ-003 165.82 168.54 2.7 294.42
AZ-004 30.37 31.3 0.93 273.90
Average width & grade 2.62m @ 307.74 g/t
Table 3.
AgEq calculations in this Table are based on the following parameters: $1700/oz Au, $20/oz Ag, $3.00/lb Cu,
$0.90/lb Pb, $1.20/lb Zn (all prices in US$). Widths refer to core length and do not necessarily represent true
thickness
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Figure 1. Project geology and location of anomalous samples with priority target areas.
North Vein Target
Central Dome Target
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Sampling Quality Control
All Highlander Silver sample assay results have been independently monitored through a quality control /
quality assurance (“QA/QC”) protocol which includes the insertion of blind Certified Reference Material
(CRM or standards). Logging and sampling are completed at Highlander Silver’s core handling facility
located at the Obrajillo site. Samples are securely transported to CERTIMIN laboratories (“CERTIMIN”)
sample preparation facility in Lima, Peru.
Silver and other elements are also determined by ICP methods. Samples of more than 10 g/t gold and 100
g/t silver exceeding the limits are re-analysed by fire assay with gravimetric finish by CERTIMIN. Samples
with more than 10000 ppm of Cu, Pb, Zn and Mn are re-analysed by CERTIMIN by Atomic Absorption (AA).
Highlander Silver is not aware of any other factors that could materially affect the accuracy or reliability of
the data referred to herein. CERTIMIN Laboratories is independent of Highlander Silver.
Qualified Person
All scientific and technical information contained in this news release was prepared and approved by Walter
La Torre, (Qualified Person), MAusIMM (CP). Mr. La Torre has verified the scientific and technical
information disclosed in this news release by reviewing the sampling, analytical and drilling data from the
Property.
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 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
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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 suc h
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.