Highlander Silver Reports New Surface Discovery and Defines Drill Targets at Alta Victoria, Peru
Highlander Silver Reports New Surface Discovery and Defines
Drill Targets at Alta Victoria, Peru
November 11, 2021 - Vancouver, British Columbia – Highlander Silver Corp. (CSE:HSLV) (the “Company”
or “Highlander”) is pleased to report ongoing progress of surface exploration and drill target generation
work at its 71km2, Alta Victoria silver-polymetallic project (the “Project”) located in the prolific, Miocene
polymetallic mineral belt of central Peru.
Highlights
• Systematic surface work has led to the identification of the “Marca Plata” target in the northern
concession block. A 200-metre diameter zone defined by anomalous lead in soils returned select
channel samples of 3.3m @ 68.5 g/t Ag, 1.43% Pb and 0.7% Zn and 11.1m @ 104.4 g/t Ag, 4.27%
Pb and 0.22% Zn (see Table 1 below).
• Integration of the recent gravity and magnetic survey results has revealed a gravit y anomaly at
shallow depths, coincident with the dip of the stratigraphy beneath a 300 x 100 metre zone of
altered and mineralized limestones. Rock chip samples range in grades of up to 280 g/t Ag, with
variable Cu to 0.50%, Pb up to 11.2% and Zn up to 29% (see Table 2 below).
• The magnetic survey shows magnetic highs adjacent to IP-chargeability highs with coincident high
level multi-element geochemical anomalies in surface sampling in areas of historic mining activity.
“Our interpretation of the recent geophysical survey results, coincident with anomalous geochemistry
supported by favorable structural and stratigraphic setting provides us with a series of compelling drill
targets that we intend to test during the next drill season. Additionally, the discovery of the entirely new
Marca Plata target in the northern concession block demonstrates the prospective nature of the Alta
Victoria Property. Based on our success, we plan on expanding our field crew to broaden our search across
the entire property,” said Ron Stewart, President and CEO of Highlander.
Marca Plata Prospect – New Target Discovery
Recent field work completed in the northern concession block, 3 km north of the core claims has identified
a 200-metre diameter lead in soil anomaly. X-Ray Fluorescence (pXRF) lead values in soil range from
180ppm to >850ppm within sedimentary rocks of the Carhuaz Formation (Figure 1). Channel sampling of
manto mineralisation in NE striking, SE dipping sandstone at Zone 1, returned 3.3 metres grading 68.5 g/t
Ag, 1.43% Pb and 0.7% Zn. Sampling from a select, high-grade structure returned 0.35 metres grading 380
g/t Ag, 11.05% Pb and 8.12% Zn also contain ing anomalous antimony (+1%), tin (342ppm), bismuth
(115ppm) and selenium (403ppm). The tin-bismuth-selenium values suggest the possibility of a proximal
intrusive source of the metals. At Zone 2, channel sampling returned 11.1 metres averaging 104.4 g/t Ag,
4.27% Pb, 0.22% Zn including 3.7 metres at 147.7 g/t Ag, 7.13% Pb, 0.22% Zn. Controls to mineralisation
are both structural and stratigraphic and form a visibly altered package of outcropping sediments striking
northeast and dipping moderately to the southeast.
Table 1: Marca Plata Initial Sampling Highlights
Zone Width (m) Ag g/t Pb% Zn%
Zone 1 3.3 68.5 1.43 0.70
including 0.9 155.2 3.00 1.56
select structure 0.35 380.0 11.05 8.12
Zone 2 11.1 104.4 4.27 0.22
including 3.7 147.7 7.13 0.22
This area is complex structurally; younger, sub-volcanic diatreme rocks crop out in the immediate vicinity
that may suggest a temporal and genetic relationship to mineralisation. Additional work is required to
better understand the scale and potential of this prospect.
FIGURE 1: Marca Plata Prospect
Integrated Geology, Geophysics & Geochemistry
On September 9, the Company announced the completion of a geophysical survey over the Pachas Area
target zone in the northwestern part of the southern concession block of the Property (Figure 2). This
program comprised 37 NW -SE lines carried out by UAV (drone) magnetometer survey for a total of
approximately 61 line-kilometres. Ground gravity measurements were carried out on a 100m x 100m grid
for a total of 270 field stations with all stations surveyed using differential GPS. A high-resolution digital
elevation model (DEM) was developed over the area prior to the start of the survey in order to facilitate
the processing and interpretation of the data. The final report has been delivered and this data has been
integrated with detailed mapping and geochemical sampling resulting in more clearly defined drill targets
as shown in the illustrations below.
FIGURE 2: Geophysical Survey Area
Combining t he geophysics with the surface geochemistry reveals a strong spatial correlation of the
anomalous features. Figure 3, presents a isometric slice along A - A’ showing the gravity highs (purple),
magnetics (grey) and IP chargeability (red) lying beneath a lead -zinc soil anomaly with associated high
grade silver grab samples. While magnetics and IP (chargeability) form broad anomalies, the gravity
anomalies occur as well defined, discreet bodies that represent prospective drill targets with higher
density (rock mass).
Gravity Anomaly 1, directly beneath the Buena Estr ella target appears to conform to the down -dip
projection of the stratigraphy beneath a 300 x 100 metre zone of alt ered and bleached limestones.
Previously reported surface rock chip sampling in this area has returned some highly anomalous results,
summarized in Table 2.
Table 2: Buena Estrella Select Rock Sample Geochemistry
Sample # Au g/t Ag g/t Cu% Pb% Zn%
3418 0.128 206 0.59 8.1 17.7
3419 0.068 286 0.51 5.5 29.0
210209 0.02 50 0.03 1.3 12.4
210421 0.12 270 0.34 11.2 23.7
210422 0.02 106 0.15 4.2 11.4
A´
Buena Estrella
Sanguinetti
Victoria
Adriana North
Adriana
South
A
Pachas
Lake
Gravity & Air-Mag
Survey Area
N
400m
Mineralization
Jumasha Farrat Rock Samples
Pariatambo Carhuaz Ag > 120 g/t
Chulec 46 g/t < Ag > 120 g/t
Pariahuanca Soil Samples
Pb - Zn Anomalism
Limestone Sequence Siliclastic Sequence
Gravity Anomaly 2, appears as an elongate, east-west roughly cylindrical zone projecting from the western
most surface exposure of the Sombra vein. The Sombra vein is a 0.5 to 2 metre wide, east-west trending
structure with high sulfidation style mineralisation comprising p yritic vuggy silica, barite and variable
silica-clay alteration. On surface this vein structure can be followed along strike over 200 metres and
contains up to 1 g/t Au and 107 g/t Ag from surface chip samples. Gravity Anomaly 3 corresponds to a
northwest trending, sub-horizontal structural inflection interpreted to be related to folding and or faulting
contained within a coincident magnetic high.
FIGURE 3: 3-D Image of Geology, Geophysics with Geochemistry
Ongoing Exploration
It is important to note that over half of the 7,132 hectares of exploration ground controlled by Highlander
has seen little or no exploration. Field crews continue to conduct systematic prospecting, mapping and
geochemical sampling to identify additional p rospects. The Company intends on drill testing a series of
high-priority targets in 2022.
The Alta Victoria Project is located 160 kilometers northeast of Lima and consists of 18 mining concessions
within the Central Cordillera Polymetallic Mineral Belt, which hosts major scale silver and polymetallic
mineral deposits . The district has produced over 1.5 billion ounces silver historically from carbonate
replacement deposits, skarn, vein, manto, and diatreme related deposits. Five major mines (Uchucchacua,
Santander, Chungar, Iscaycruz and Casapalca) lie along and/or adjacent to the Alpamarca Fault to the NW
and SE of the Project. Concessions controlled by Highlander straddle nearly 14 km of the
Alpamarca/Chonta Fault at the heart of this district. Note that information regarding mines in the district
is not necessarily indicative of the mineralization of the Alta Victoria property.
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, including the technical
information referenced in this news release which can be found in the NI 43-101 Technical Report on the
Project filed on SEDAR under Highlander Silver Corp.'s p rofile and is available for download at the link
above.
Quality Control
All new rock and soil samples reported in this press release were delivered to ALS Peru S.A., a certified
laboratory located in Lima, Peru for preparation and analysis. Rock samples were weighed, dried, crushed
to 70% <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 -AA25) for gold, and 48 elements by 4 -acid
ICP-MS (method ME-MSC61). When MS61 results were >100ppm for Ag and 10,000 for Pb, Zn and Cu
assays were reported using four-acid digest method (Ag -OS62 and base metal ME-OG62). No standards
or blanks were inserted by Highlander. ALS routinely inserts certified gold, silver and base metal
standards, blanks and pulp duplicates, and results of all ALS QA/QC samples are reported. The standard,
blank and duplicate samples used by ALS were considered sufficient QA/QC for Highlander’s sample
analysis.
Hand-held Xray Refraction Fluorescence (pXRF) analysis has been conducted in the field on rock and soil
using a model XRF540622 SA GEOCHEM ANALYSER KIT. The instrument is rented from AMC Reflex located
in Lima, Peru. The instrument is rented complete with a calibrating disc and a series of 6
standards. Highlander field technicians are careful to periodically re-calibrate the instrument throughout
each day in the field to maintain the maximum level of data integrity that is collected.
Change of Auditor
Highlander has changed its auditors from DMCL Chartered Professional Accountants (“Former Auditor“)
to Davidson & Company LLP (“Successor Auditor“) effective November 3, 2021 . At the request of the
Company, the Former Auditor resigned as the auditor of the Company and the Board of Directors of the
Company appointed the Successor Auditor as the new auditor effective November 3, 2021.
There were no reservations in the Former Auditor’s audit reports for any financial period during which
the Former Auditor was the Company’s auditor. There are no “reportable events” (as the term is defined
in National Instrument 51 -102 – Continuous Dis closure Obligations) between the Company and the
Former Auditor.
In accordance with National Instrument 51 -102, the Notice of Change of Auditor, together with the
required letters from the Former Auditor and the Successor Auditor, have been reviewed by the
Company’s Audit Committee and filed on SEDAR accordingly.
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 scientific and technical information disclosed in this news
release by reviewing all of the sampling, analytical and drilling data from the Company’s drill program, the
technical report on the Project, as well as reviewing and referencing published scientific papers, historical
NI 43 -101 reports, news releases, and government assessment repo rts related to the Company’s
properties that outline their geology and structure, mineralization potential, and deposit style.
For further information, please contact:
Ronald Stewart
Chief Executive Officer
Highlander Silver Corp.
605 – 130 Brew Street
Port Moody, BC V6C 2T8
About Highlander Silver Corp.
Highlander Silver Corp. is a mineral exploration company focused on the exploration of the Alta Victoria
silver-polymetallic project 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.
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.
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, timing of future exploration , anticipated results of
exploration and potential mineralization of the Project . Such forward looking information or statements
can be identified by the use of words such as “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 approvals or financing . Although the Company has attempted to identify
important factors th at 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. Forwa rd-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 i n 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.