Rio Silver: 2017 Exploration Program at Niñobamba Silver/Gold Project, Peru to Commence with the Outlining of Priority Silver/Gold Targets
Rio Silver Inc.
40 University Avenue, Suite 603, Toronto, Ontario M5J 1T1 Canada
Tel: 416 479-9546
Website: riosilverinc.com
Rio Silver: 2017 Exploration Program at Niñobamba Silver/Gold Project,
Peru to Commence with the Outlining of Priority Silver/Gold Targets
(February 27, 2017: Toronto, Canada) Rio Silver Inc. (TSX.V: RYO) (“Rio Silver” or the “Company”)
and its project partner, Magellan Gold Corporat ion (OTCQB: MAGE) (“Magellan”), jointly (“the
Partners”) announce that they have initiated expl oration work on the expanded Niñobamba Project,
located 330 km southeast of Lima in the Department of Ayacucho, Peru.Recent strategic additions to the
land package have created a large, contiguous pr operty consisting of 3100 hectares and another 553
hectare concessions pending title confirmation. (See ne ws releases of September 8, 2016 and January 10,
2017). Magellan will be spending US$2 million at the Niñobamba project to earn its 50% interest.
Project History: Significant historical exploration work has been conducted at several of the Niñobamba
concessions over many years by previous property owners; AngloGold, Bear Creek Mining, Newmont
Gold and Southern Peru Copper Corp. This historical work provides the project with much exploration
data and numerous gold, silver and combined silver/gold targets in an historic silver mining district with
positive infrastructure in mining-friendly Peru. A ge ologic environment that suggests the potential for
high sulphidation, epithermal precious metal deposit s has the Company’s geologists focusing first on the
area trenched earlier by the Company. Two subparallel z ones of silver/gold and silver mineralization; the
“Niñobamba North Zone” and the “Niñobamba South Zone,” exhibited good continuity, substantial
widths at surface and strike extents of 400+ me ters as outlined by the results of the 17 trenches
completed in the 2012 program. Mineralization de monstrates the potential for an outcropping, bulk-
tonnage, and disseminated-silver/gold resource. Surface trenches were cut perpendicular to the
mineralized zones and highlights of the trench as say results from the “Niñobamba North Zone” include;
56 metres of 1.03 g/t Au and 98.9 g/t silver in tren ch TR-01; 21 metres of 121 g/t Ag in trench TR-04;
and 108 metres of 62.4 g/t Ag in trench TR-05. Highlights of the trench assay results from the
“Niñobamba South Zone” include; 42 metres of 131 g/t Ag in trench TR-02; 29 metres of 119.3 g/t Ag in
TR-03; and 23 metres of 92.1 g/t Ag in TR-11. All trench samples were rock saw cut channel samples and
are summarized in the Company’s news release dated January 14, 2013 and are posted at the Company’s
website.
2017 Program: With the recent property additions, there are pot ential strike extensions to the southwest
of the Niñobamba North and South Zones. Additionally , there are new targets to the west on the newly
added concessions that were the focus of previous gold exploration programs by Newmont Gold and
Southern Peru Copper Corp. The Pa rtners have initiated a compilati on of the available new data. The
review of this new data will help guide exploration that is additiona l to the further definition of the
Niñobamba North and South Zones that will be the target of diamond drilling during the 2017 year as part
of the requirements of the Magellan option to earn its property interest. The extent and timing of the 2017
Rio Silver Inc.
40 University Avenue, Suite 603, Toronto, Ontario M5J 1T1 Canada
Tel: 416 479-9546
Website: riosilverinc.com
exploration program will be determined shortly once a ll compilation materials have been reviewed by the
Technical Committee that has been established by th e Partners. Rio Silver’s Executive Co-Chairman,
Steve Brunelle states, “The drilling of the Niñobamba Zones will be a very exciting part of our 2017
exploration effort. We anticipate a progressive outlin ing of a silver/gold resource at these targets.
Additionally, we now possess a significant surrounding property portfolio with several intriguing gold
targets to build upon. This year should be very positive for the Partners and all our shareholders.”
Magellan has established its Peruvian subsidiary, and as Operator of the program, will rely upon the 20+
years of Peruvian exploration experience of the Ri o Silver geological team. Magellan’s President, Pierce
Carson states, “We are excited by the high quality of the exploration targets being generated, which
include potentially bulk-minable disseminated preci ous metals as well as high grade veins. With our
expanded ground position and multitude of untested or only partially tested precious metals anomalies,
we believe chances are excellent for discovery of one or more economic ore deposits.”
Jeffrey Reeder, P.Geo., and a qualified person as defined in National Instrument 43-101, has prepared,
supervised the preparation, or approved the scientific and technical disclosure contained in this news
release.
ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.
Steve Brunelle
Executive Co-Chairman
Neither the TSX Venture Exchange nor its Regula tion Services Provider accepts responsibility for
the adequacy or accuracy of this release.
This news release includes forward-looking statemen ts that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to be considered forward looking. Although
the Company believes the expectations expressed in such forward-l ooking statements are based on
reasonable assumptions, such statements are not gua rantees of future performance and actual results or
developments may differ materially fr om those in forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of cap ital and financing, and general
economic, market or business conditions. There can be no assurances that such statements will prove
accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do
not assume any obligation to update any forward-l ooking statements except as required by applicable
laws.
For more information contact:
Steve Brunelle, Executive Co-Chairman Jeffrey Reeder, Director and CEO
Tel: (416) 479-9546 Tel: (647) 302-3290
Website: www.riosilverinc.com