Highlander Silver Reports New Discovery of Kusy Zone at Bonita Returning Highest Grades to Date: 23.6m at 15.56 g/t Gold and 74.49 g/t Silver
Highlander Silver Reports New Discovery of Kusy Zone at Bonita
Returning Highest Grades to Date: 23.6m at 15.56 g/t Gold and 74.49 g/t Silver
Toronto, Ontario, October 06, 2025 – Highlander Silver Corp. (TSX: HSLV; “Highlander Silver”
or the “ Company”) is pleased to report assay results from the third series of holes into the
expanding Bonita vein system which include the discovery of a new zone called Kusy that has
returned the highest grades of gold and silver reported to date. Kusy is part of the Bonita vein
system which is exposed along a ridgeline approximately 10km to the south of the bonanza grade
Ayelen deposit at the San Luis gold-silver project in Central Peru.
Highlights are listed below, with corresponding image s in Figure s 1-2 and detailed results in
Tables 1-2.
Highlights
• BOD-021, targeting the central portion of Kusy approximately 150m to the northeast
of previously reported drilling, returned 23.6m of 15.56 grams per tonne (“g/t”) gold
(“Au”) and 74.49 g/t silver (“Ag”) from 8.8m downhole
• The Kusy discovery is the result of the first drilling on the eastern flank of the Bonita
vein system exposure and consists of breccias and fine quartz vein fragments
similar to the mineralization encountered in drilling on the western exposure
• BOD-019, tested the Kusy zone from a platform to the north west of BOD-021, and
returned 7.4m of 8.10 g/t Au and 6.55 g/t Ag from 48.4m downhole
• BOD-018 was drilled into the western exposure from a step -out platform to the
southeast of previously reported BOD-015 (23.7m of 3.31 g/t Au and 9.60 g/t Ag) and
returned 10.1m of 3.81 g/t Au and 7.72 g/t Ag from 32.3m downhole
• BOD-017 was collared from the same platform as BOD -018 and intersected 14.6m
of 1.71 g/t Au and 5.35 g/t Ag from 41.8m downhole
• The next set of drill results are expected to be released when complete assays are
received in approximately six weeks and will include follow up drilling in the new
Kusy discovery and step-out drilling in the western exposure
• The Bonita vein system encompasses a number of silicified structures exposed in
outcrop over an area of 800m by 200m and remains open in all directions
• Results are being processed fr om a magnetic geophysical survey undertaken by
dual quadcopters aimed at mapping the full extent of the Bonita vein system under
cover to the west and in rugged topography to the east and northeast
Figure 1 – Plan View of Bonita Vein System
Bonita
3D Looking S
Oct 06, 2025
Sept 16 & July 29, 2025
BOD-016
BOD-017
BOD-018
BOD-019
BOD-020
BOD-021
Kusy
Kusy
Figure 2 – Image of Core from BOD-021 (22.1m to 25.60m)
Note: Silicified breccia typical of the Bonita vein system, including millimetric veinlets within altered andesitic bands.
Table 1 – Assay Results
Hole ID From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
BOD-016 32.1 36.5 4.4 0.94 12.06
BOD-017 41.8 56.4 14.6 1.71 5.35
and 73.9 76.5 2.6 0.74 1.37
BOD-018 32.3 42.4 10.1 3.81 7.72
BOD-019 48.4 55.8 7.4 8.10 6.55
and 82.4 84.5 2.1 0.63 3.75
BOD-020 67.0 70.8 3.8 0.56 73.33
BOD-021 8.8 32.4 23.6 15.56 74.49
Note: Reported intervals are apparent widths as the full geometry of the mineralized structures has not yet been fully
modelled. Assays were not capped, and composite intervals are calculated using a minimum weighted average of 0.5
g/t Au, over a minimum core length of 2m, allowing internal dilution.
Table 2 – Collar Locations
Hole ID Easting
(m)
Northing
(m)
Elevation
(m)
Depth
(m)
Azimuth
(°)
Dip
(°)
BOD-016 188111 8953642 3970 139.5 88 -58
BOD-017 188111 8953642 3970 182.5 335 -70
BOD-018 188112 8953642 3970 138.5 32 -50
BOD-019 188005 8953861 3996 126.0 105 -35
BOD-020 188006 8953861 3996 89.5 54 -35
BOD-021 188029 8953820 3995 87.0 85 -40
Technical Information and Quality Control / Quality Assurance
All drilling was completed with HQ core. The drill core is split in half using a diamond saw. Core
is logged by the Company’s geologist on site who outlines the intervals to be sampled. The
maximum sample length is 1.5 meters and lengths are adjusted according to lithological and/or
mineralogical contacts.
After sawing, one-half of the core is kept on site in core boxes, and the other half is submitted for
analysis. Individual sample bags are sealed and placed into larger bags, which are then sealed
and marked with the contents.
Samples are transported by Highlander Silver personnel to ALS Peru S.A. (“ALS”) located in
Lima, Peru, where they are prepared and analyzed. ALS is independent of the Company.
In ALS, the entire sample is crushed to approximately 80% passing through a 2mm sieve. A 500
g fraction is pulverized. Gold concentration is determined by fire assay of a 30-gram charge with
an AA finish (Au-AA23). Silver, lead, copper, and zinc, along wit h other elements, are analyzed
by ICP utilizing a four -acid digestion (ME -ICP61). Over-limit samples for Au (10 g/t Au) follow
gravitational finishing Au -GRA21 (30g sample). Over -limit samples for Ag (100 g/t Ag) follow
gravitational finishing Ag-GRA21 (30g sample).
The internal QA/QC program includes the submission of field duplicates (1/4 core), pulp and
coarse reject duplicates, and the insertion of commercial standards and blanks (coarse and fine).
Control samples account for more than 15% of the total samples sent, in addition to the
laboratory’s internal quality assurance programs.
The Company is not aware of any drilling, sampling, recovery, or other factors that could materially
affect the accuracy or reliability of the data referred to herein.
The scientific and technical information, including the drillhole data, has been verified by Dr.
Sergio Gelcich. This verification involves data validation and quality assurance procedures, such
as reviewing logging directly in front of the core, analyzing database integrity, conducting quality
assurance and quality control (QA/QC) for assays, and cross-checking the original lab certificates.
Qualified Person
The scientific and technical information in this press release has been reviewed and approved by
Dr. Sergio Gelcich, P.Geo., Vice President, Exploration, Highlander Silver, who is a “Qualified
Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.
On behalf of Highlander Silver
“Daniel Earle”
President & CEO, Director
Information contact
Arun Lamba, Vice President Corporate Development
About Highlander Silver
Highlander Silver is primarily focused on advancing the bonanza grade San Luis gold -silver
project that is located adjacent to the past-producing Pierina mine in Central Peru. San Luis hosts
Indicated Mineral Resources of 356 koz Au at 24.4 g/t Au and 8.4 Moz Ag at 579 g/t Ag and ranks
among the 10 highest grade projects globally in both gold and silver categories.1 The Company’s
significant shareholders include the Augusta Group, which boasts an exceptional track record of
value creation totaling over $4.5 billion in exit transactions, and strategic shareholders, the Lundin
family and Eric Sprott.
1S&P Global rankings including the San Luis gold-silver project.
The mineral resource estimate disclosed herein is derived from Highlander Silver’s technical
report titled “Technical Report on the San Luis Property” with an effective date of January 15,
2025, prepared by independent qualified person, Martin Mount, MSc MCSM FGS CGeol FIMMM
Ceng, and available on SEDAR+ at www.sedarplus.ca.
Forward-looking statements
Certain information contained in this news release constitutes “forward-looking information” under
Canadian securities legislation. This includes, but is not limited to, the next set of drill results are
expected to be released when complete assays are received in approximately six weeks and will
include step-out drilling into the new Kusy discovery and the western exposure . Such forward
looking information or statements can be identified by the use of words such as “ramp up”,
“attempting”, “intends”, “believes”, “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, future prices of precious and base metals, accident, labour disputes
and other risks of the mining industry, and delays in obtaining governmental or stock exchange
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 acc urate, 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.