Adventus and Salazar Announce Additional 2018 Drill Results at the Curipamba Project, Including 12.55 Metres of 4.00% Copper, 2.04 G/T GOLD, 0.96% Zinc, 25.8 G/T Silver and 0.07% Lead
Date:
News Release:
Ticker Symbols:
January 16, 2019
19-01
ADZN–V, ADVZF-OTCQX, SRL–V
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ADVENTUS AND SALAZAR ANNOUNCE ADDITIONAL 2018 DRILL RESULTS AT THE CURIPAMBA PROJECT,
INCLUDING 12.55 METRES OF 4.00% COPPER, 2.04 G/T GOLD, 0.96% ZINC, 25.8 G/T SILVER AND 0.07% LEAD
Toronto, January 16, 2019 – Adventus Zinc Corporation (“Adventus”) (TSX -V: ADZN ; OTCQX: ADVZF ) and
Salazar Resources Limited (“Salazar”) (TSX -V: SRL ) (collectively the “ Partners”) are pleased to announce
additional drill holes from the 2018 infill drilling program on the El Domo volcanogenic massive sulphide (“VMS”)
deposit; which is part of the approximately 22,000-hectare Curipamba project located near Las Naves, Ecuador.
Highlights
• CURI-311 intersected 8.74 metres of 2.78% copper, 1.93 g/t gold, 3.49% zinc, 54.9 g/t silver, and 0.42%
lead for 6.18% CuEq;
• CURI-312 intersected 12.55 metres of 4.00% copper, 2.04 g/t gold, 0.96% zinc, 25.8 g/t silver, and 0.07%
lead for 6.04% CuEq; including 3.60 metres of 10.40% copper, 3.77 g/t gold, 2.97% zinc, 72.9 g/t silver
and 0.20% lead for 14.95% CuEq, and;
• CURI-320 intersected 10.86 metres of 1.50% copper, 2.95 g/t gold, 2.49% zinc, 79.2 g/t silver, and 0.30%
lead for 5.40% CuEq; including 2.72 metres of 2.51% copper, 8.50 g/t gold, 8.16% zinc, 250.6 g/t silver
and 0.93% lead for 14.40% CuEq.
Christian Kargl-Simard, CEO of Adventus commented: “The Partners are pleased to see continuing positive, high-
grade drill results coming from our infill drilling work at Curipamba. The 2018 results speak to the quality of the
development opportunity the Partners see at Curipamba and strengthen the foundation for work ahead in 2019.
We look forward to discussing these new assay results, as we ll as the latest updates on our projects at the
Vancouver Resource Investment Conference on January 20th and 21st, 2019 at booth 908. In addition, we will
be displaying drill core from El Domo VMS deposit in the AMEBC Roundup Core Shack at booth 723 on January
30th and 31st, 2019.”
El Domo Infill Drilling Results
The optimized Phase 2 infill drilling program was completed in late December 2018 on the open-pit constrained
Mineral Resource. A total of 12,608 metres of infill drilling was successfully completed at El Domo in 2018
between both phases of infill drilling on the open -pit constrained Mineral Resource . Additional drilling results
will be released once assay results have passed through internal QAQC validation. The Partners will also provide
an update to the market with regards to the 2019 Curipamba work plan in the near future.
Drill hole CURI-311 intersected two gold-rich zone of semi-massive to massive sulphide mineralization separated
by a basalt intrusion. The first intercept of mineralization is from 131.26 to 140.00 metres for an approximate
true thickness of 7.87 metres grading 2.78% copper, 1.93 g/t gold, 3.49% zinc, 54.9 g/t silver, and 0.42% lead.
The second intercept of mineralization was then intersected from 144.80 to 149.28 metres for an approximate
true thickness of 4.03 metres grading 2.11% copper, 1.26 g/t gold, 0.64% zinc, 27.4 g/t silver, and 0.09% lead.
Date:
News Release:
Ticker Symbols:
January 16, 2019
19-01
ADZN–V, ADVZF-OTCQX, SRL–V
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Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-311 131.26 140.00 8.74 2.78 1.93 3.49 54.9 0.42 6.18 7.87
144.80 149.28 4.48 2.11 1.26 0.64 27.4 0.09 3.53 4.03
(1) Metal equivalency based on US$3.25/lb Cu, US$1,500/oz Au, US$1.30/lb Zn, US$23/oz Ag and US$1.10/lb Pb; noting that no adjustments were made in the
metal equivalency calculation for metal recovery, as this is still an early stage project
Drill hole CURI-312 intersected a wide section of mineralized grainstone from 121.25 to 145.65 metres for an
apparent true thickness of 22.80 metres grading 0.47% copper, 2.86 g/t gold, 1.14% zinc, 79.1 g/t silver and
0.26% lead. A subset interval of the grainstone was significantly higher grade from 130.83 to 133.45 metres
grading 0.31% copper, 3.06 g/t gold, 3.46% zinc, 509.2 g/t silver, and 1.60% lead. Under the grainstone is copper-
rich massive sulphide mineralization from 145.65 to 158.20 metres for a true thickness of 11.92 metres, grading
4.00% copper, 2.04 g/t gold, 0.96% zinc, 25.8 g/t silver, and 0.07% lead. A subset interval of massive sulphide
mineralization possesses significantly higher-grade from 145.65 to 149.25 metres, grading 10.40% copper, 3.77
g/t gold, 2.97% zinc, 72.9 g/t silver, and 0.20% lead.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-312 121.25 145.65 24.40 0.47 2.86 1.14 79.10 0.26 3.76 22.80
including 130.83 138.30 7.47 0.49 2.06 2.70 200.2 0.71 5.26 7.10
including 130.83 133.45 2.62 0.31 3.06 3.46 509.2 1.60 9.55 2.49
145.65 158.20 12.55 4.00 2.04 0.96 25.8 0.07 6.04 11.92
including 145.65 149.25 3.60 10.40 3.77 2.97 72.9 0.20 14.95 3.42
(1) Metal equivalency based on US$3.25/lb Cu, US$1,500/oz Au, US$1.30/lb Zn, US$23/oz Ag and US$1.10/lb Pb; noting that no adjustments were made in the
metal equivalency calculation for metal recovery, as this is still an early stage project
CURI-315 intersected massive sulphide from 101.38 to 117.13 metres for a true thickness of 13.39 metres,
grading 1.73% copper, 0.76 g/t gold, 0.38% zinc, 12.6 g/t silver, and 0.03% lead. A subset of massive sulphide
had higher grades from 101.38 to 103.33 metres, grading 10.37% copper, 2.00 g/t gold, 1.53% zinc, 58.1 g/t
silver, and 0.06% lead.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-315 101.38 117.13 15.75 1.73 0.76 0.38 12.6 0.03 2.53 13.39
including 101.38 103.33 1.95 10.37 2.00 1.53 58.1 0.06 12.95 1.66
including 106.19 108.13 1.94 1.50 1.22 0.27 5.1 0.02 2.49 1.65
(1) Metal equivalency based on US$3.25/lb Cu, US$1,500/oz Au, US$1.30/lb Zn, US$23/oz Ag and US$1.10/lb Pb; noting that no adjustments were made in the
metal equivalency calculation for metal recovery, as this is still an early stage project
Drill hole CURI-316 intersected a narrow section of well mineralized grainstone from 104.20 to 110 .48 metres
for an apparent true thickness of 5.34 metres grading 2.18% copper, 1.33 g/t gold, 2.42% zinc, 40.1 g/t silver
and 0.20% lead. Under the grainstone is copper -rich semi-massive sulphide mineralization cut by several fault
zones from 110.48 to 130.62 metres for a true thickness of 17.12 metres, grading 2.10% copper, 0.68 g/t gold,
0.77% zinc, 13.9 g/t silver, and 0.06% lead. A subset interval of massive sulphide mineralization possesses
Date:
News Release:
Ticker Symbols:
January 16, 2019
19-01
ADZN–V, ADVZF-OTCQX, SRL–V
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significantly higher-grade from 110.48 to 112.64 metres , grading 3.51% copper, 1.05 g/t gold, 2.53% zinc, 40.5
g/t silver, and 0.22% lead.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-316 104.20 110.48 6.28 2.18 1.33 2.42 40.1 0.20 4.52 5.34
110.48 130.62 20.14 2.10 0.68 0.77 13.9 0.06 3.03 17.12
including 110.48 112.64 2.16 3.51 1.05 2.53 40.5 0.22 5.72 1.84
including 123.73 128.36 4.63 2.94 0.56 0.15 9.7 0.02 3.48 3.94
(1) Metal equivalency based on US$3.25/lb Cu, US$1,500/oz Au, US$1.30/lb Zn, US$23/oz Ag and US$1.10/lb Pb; noting that no adjustments were made in the
metal equivalency calculation for metal recovery, as this is still an early stage project (
Drill hole CURI-318 intersected a narrow section of well mineralized grainstone from 93.11 to 98.90 metres for
an apparent true thickness of 4.87 metres grading 3.21% copper, 2.14 g/t gold, 0.49% zinc, 26.3 g/t silver and
0.05% lead. A subset interval within the grainstone was logged as semi-massive sulphide and it possessed higher
grade from 93.91 to 96.14 metres, grading 7.19% copper, 3.37 g/t gold, 0.89% zinc, 32.6 g/t silver and 0.08%
lead. The drill hole then intersected pyrite-rich massive sulphide mineralization from 1 06.23 to 116.06 metres
for a true thickness of 9.33 metres, grading 0.19% copper, 0.68 g/t gold, 0.05% zinc, 6.0 g/t silver, and 0.01%
lead.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-318 93.11 98.90 5.79 3.21 2.14 0.49 26.3 0.05 5.13 4.87
including 93.91 96.14 2.23 7.19 3.37 0.89 32.6 0.08 10.18 2.21
106.23 116.06 9.83 0.19 0.68 0.05 6.0 0.01 0.73 9.33
(1) Metal equivalency based on US$3.25/lb Cu, US$1,500/oz Au, US$1.30/lb Zn, US$23/oz Ag and US$1.10/lb Pb; noting that no adjustments were made in the
metal equivalency calculation for metal recovery, as this is still an early stage project
CURI-320 intersected a massive to semi-massive sulphide unit from 101.00 to 111.86 metres for a true thickness
of 9.34 metres, grading 1.50% copper, 2.95 g/t gold, 2.49% zinc, 79.2 g/t silver, and 0.30% lead. A subset of the
interval had higher grades from 106.18 to 108.90 metres, grading 2.51% copper, 8.50 g/t gold, 8.16% zinc, 250.6
g/t silver, and 0.93% lead.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-320 101.00 111.86 10.86 1.50 2.95 2.49 79.2 0.30 5.40 9.34
including 106.18 108.90 2.72 2.51 8.50 8.16 250.6 0.93 14.40 2.45
(1) Metal equivalency based on US$3.25/lb Cu, US$1,500/oz Au, US$1.30/lb Zn, US$23/oz Ag and US$1.10/lb Pb; noting that no adjustments were made in the
metal equivalency calculation for metal recovery, as this is still an early stage project
Drill hole CURI-309, CURI-314, and CURI-319 intersected gold-rich, highly pyritic, lower-grade massive sulphide
unit. In CURI-310, a basalt intrusion appears to have locally digested the VMS mineralization . Results for these
drill holes are tabulated below.
Date:
News Release:
Ticker Symbols:
January 16, 2019
19-01
ADZN–V, ADVZF-OTCQX, SRL–V
--- 4 ---
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-309 143.47 144.02 0.55 1.25 0.44 0.05 7.5 0.01 1.65 0.47
CURI-310 157.57 158.60 1.03 0.70 3.57 5.51 314.0 1.41 9.02 0.98
158.60 165.19 6.59 1.26 2.17 1.99 31.5 0.11 3.88 6.26
165.19 169.64 4.45 0.86 0.73 1.34 24.5 1.34 2.59 4.23
CURI-314 107.44 113.63 6.19 0.87 0.60 0.05 8.43 0.01 1.38 5.88
Incl. 107.44 109.75 2.31 1.77 0.61 0.05 8.57 0.01 2.29 2.19
CURI-319 156.34 156.80 0.46 2.71 2.08 1.97 44.3 0.19 5.42 0.39
5
(1) Metal equivalency based on US$3.25/lb Cu, US$1,500/oz Au, US$1.30/lb Zn, US$23/oz Ag and US$1.10/lb Pb; noting that no adjustments were made in the
metal equivalency calculation for metal recovery, as this is still an early stage project
Drill holes CURI-322 and CURI -323 were designed to test the westerly limits of the known massive sulphide
mineralization and further assess the pit wall geology . These drill holes all intersected favourable strata ;
however, no semi-massive to massive sulphide mineralization was intersected.
The locations of all drill holes referenced in this press release are shown on the Curipamba Project drill plan
map, which is available on the Adventus website. All drill hole collars referenced above are summarized in Table
A at the end of this news release.
Technical Information and Quality Control & Quality Assurance (“QAQC”)
The Curipamba project work program is being managed and reviewed by Vice President Exploration, Jason
Dunning, M.Sc., P.Geo ., a Qualified Person within the meaning of N I 43-101. Salazar staff collect and process
samples that are securely sealed and shipped to Bureau Veritas (“BV”) in Quito for sampl e preparation that
includes crushing and milling to prepare pulps that are then split for shipment to their facility in Lima, Peru for
analysis. All assay data have undergone internal validation of QAQC; noting t here is an established sampling
control program with blind insertion of assay blanks, certified industry standards and sample duplicates for the
Curipamba project. A QAQC program is also in place at BV and includes insertion of blanks, standards and
duplicate reanalysis of selected samples . BV’s quality system complies with the requirements for the
International Standards ISO 9001:2000 and ISO 17025: 1999. At BV, gold is analyzed by classical fire assay
techniques with an ICP-AES finish, and both silver and base metals are analyzed by a 44-element aqua regia ICP-
AES technique. Overlimit protocols are in place for gold, silver, copper, lead, and zinc.
Infill drilling continues to yield intercepts of high-grade, copper- and gold-rich semi-massive to massive sulphide
mineralization within the o pen-pit constrained Mineral Resource update for the El Domo VMS deposit
completed by Roscoe Postle Associates Inc. (“RPA”). The Indicated Mineral Resource totals 8.8 million tonnes
grading 1.62% copper, 2.34 g/t gold, 2.42% zinc, 48.0 g/t silver, and 0.27% lead. The Inferred Mineral Resource
totals 2.6 million tonnes grading 1.29% copper, 1.09 g/t gold, 1.51% zinc, 29.0 g/t silver, and 0.14% lead (see
January 31, 2018 news release). The National Instrument (“NI”) 43 -101 Technical Report was authored by
Independent Qualified Person Dr. Lars Weiershäuser, P.Geo., of RPA (based in Toronto, Ontario, Canada) who
is a Qualified Person as defined by NI 43-101.
Date:
News Release:
Ticker Symbols:
January 16, 2019
19-01
ADZN–V, ADVZF-OTCQX, SRL–V
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Qualified Person
The technical information of this news release has been reviewed and verified as accurate by Mr. Jason Dunning,
M.Sc., P.Geo., Vice President Exploration for Adventus, a non-Independent Qualified Person, as defined by NI
43-101.
About Adventus
Adventus is a well-financed company focused on base metals exploration and project development globally. Its strategic shareholders
include Altius Minerals Corporation, Greenstone Resources LP, Resource Capital Funds, and Wheaton Precious Metals Corp.; as well
as other highly respected investors in the mining business. The focus of Adventus is the advancement of the Curipamba copper -gold-
zinc project in Ecuador as part of an earn -in agreement to obtain a 75% ownership interest. In addition, Adventus is engaged in a
country-wide exploration alliance with its partners in Ecuador, incorporating two projects to date. Elsewhere globally, Adventus owns
a large prospective mineral land package in Ireland totalling 1,950 km2 and, through its ownership interest in Canstar Resources Inc.,
is actively participating in the exploration upside of a prospective mineral land package in Newfoundland and Labrador, Canada
totalling 550 km2. Adventus is based in Toronto, Canada, and is listed on the TSX -V under the symbol ADZN and trades on the OTCQX
under the symbol ADVZF.
About Salazar
Salazar is a publicly-listed mineral resource company engaged in the exploration and development of new h ighly prospective areas in
Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been
instrumental in other major discoveries throughout Ecuador, including Aurelian's Fruta Del Norte discovery, Mo zo Deposit, Ex
Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecuadorian-based company gives the
Company a strategic advantage enabling the Company to complete exploration at a rapid pace. With an excellent pr operty portfolio
(6 projects – 33,383 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar
has positioned itself to be a strategic player in Ecuador.
Neither the TSX Venture Exchange nor its Reg ulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains “forward -looking information” within the meaning of applicable Canadian securities laws. Any statements
that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assum ptions or
future events or performance (often, but not always, identified by words or phrases such as “believes”, “anticipates”, “expects”, “is
expected”, “scheduled”, “estimates”, “pending”, “intends”, “plans”, “forecasts”, “targets”, or “hopes”, or variations of such words and
phrases or statements that certain actions, events or resu lts “may”, “could”, “would”, “will”, “should” “might”, “will be taken”, or
“occur” and similar expressions) are not statements of historical fact and may be forward -looking statements.
Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that
Adventus and Salazar expect or anticipate will or may occur in the future. Although Adventus and Salazar ha ve 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 cause actions, events or results not to be as anticipated, estimated or intended . There
can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus
and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws.
For further information from Adventus, please contact Christian Kargl -Simard, Chief Executive Officer, at 1 -416-230-3440 or
For further information from Salazar, please contact [email protected].
Date:
News Release:
Ticker Symbols:
January 16, 2019
19-01
ADZN–V, ADVZF-OTCQX, SRL–V
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Table A: Drill Collar Information for News Release 19-01
HOLE ID EAST NORTH ELEV AZIMUTH DIP DEPTH
CURI-309 695181 9855328 952.5 270.0 -85.0 213.0
CURI-310 695184 9855328 951.9 90.0 -70.0 234.0
CURI-311 695195 9855378 974.0 270.0 -77.0 228.0
CURI-312 695198 9855378 973.9 90.0 -77.0 252.0
CURI-314 695170 9855425 961.0 360.0 -90.0 157.8
CURI-315 695160 9855450 959.0 160.0 -80.0 136.3
CURI-316 695140 9855393 946.0 128.0 -71.0 132.0
CURI-318 695140 9855393 946.0 333.0 -74.0 97.9
CURI-319 695150 9855350 961.0 131.6 -76.9 189.0
CURI-320 695101 9855350 940.0 205.2 -65.2 156.0