Adzn–v and Srl–v --- 1 --- Adventus and Salazar Announce Initial 2018 Drill Results at the Curipamba Project, Including 10.35 Metres of 3.85% Copper, 5.12 G/T GOLD, 10.34% Zinc, 139 G/T Silver and 0.95% Lead
Date:
News Release:
Ticker Symbols:
April-19-2018
18-08
ADZN–V and SRL–V
--- 1 ---
ADVENTUS AND SALAZAR ANNOUNCE INITIAL 2018 DRILL RESULTS AT THE CURIPAMBA PROJECT,
INCLUDING 10.35 METRES OF 3.85% COPPER, 5.12 G/T GOLD, 10.34% ZINC, 139 G/T SILVER AND 0.95% LEAD
Toronto, April 19, 2018 – Adventus Zinc Corporation (“Adventus”) (TSX -V: ADZN) and Salazar Resources
Limited (“Salazar”) (TSX-V: SRL, collectively the “Partners”) are pleased to announce the first 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-250 intersected 10.35 metres of 3.85% copper, 5.12 g/t gold, 10.34% zinc, 139.0 g/t silver, and
0.95% lead;
• CURI-252 intersected 5.01 metres of 1.62% copper, 8.77 g/t gold, 11.47% zinc, 357.9 g/t silver, and 2.68%
lead; and
• CURI-253 intersected 0.68 metres of 0.84% copper, 13.90 g/t gold, 26.48% zinc, 298.0 g/t silver, and
1.87% lead.
El Domo Infill Drilling Results
Infill drilling is yielding intercepts of high- grade, gold -rich semi-massive to massive sulphide mineralization
within the Whittle starter open- pit that was defined as part of the recent Mineral Resource update for the El
Domo VMS deposit completed by Roscoe Postle Associates Inc. (“RPA”). The Indicated Mineral Resources for El
Domo totals 8.8 million tonnes grading 1.62% copper, 2.34 g/t gold, 2.42% zinc, 48 g/t silver, and 0.27% lead.
The Inferred Mineral Resources for El Domo totals 2.6 million tonnes grading 1.29% copper, 1.09 g/t gold, 1.51%
zinc, 29 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.
The infill drilling program commenced in early March 2018 with the objective of upgrading the confidence level
of the Mineral Resource within the Whittle starter open- pit area by decreasing drill spacing , which will also
generate material for a planned metallurgical program in the second half of 2018. One drill rig from the drilling
contractor has been dedicated to this work program. To date, drilling within the Whittle starter open -pit has
successfully completed approximately 2,100 metres from a planned 7,500 metre work program that is expected
to be completed by the end of the second quarter of 2018. The current infill drill hole is being extended in order
to more fully evaluate the favo urable volcanic strata at depth below the El Domo VMS deposit. This drill hole
will be the deepest at El Domo to date, and it is conceptualized to be used for downhole electromagnetic
geophysical studies later in 2018. An additional nine infill drill holes have been successfully completed with four
drill holes having passed quality assurance and quality control (“QAQC”), and five drill holes with assays
outstanding.
From the 2,100 metres successfully completed, seven drill holes have intersected either semi -massive or
massive sulphide mineralization. The other two drill holes did not have any significant results because they were
designed to refine the limits of VMS mineralization along the southern margin of the Whittle starter open- pit
Date:
News Release:
Ticker Symbols:
April-19-2018
18-08
ADZN–V and SRL–V
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containing the 3D model led massive sulphide zone . Overall, drilling results have confirmed the quality of the
geological and structural modell ing completed by RPA , notably the semi -massive to massive sulphide
mineralization.
Drill hole CURI-250 intersected VMS mineralization from 71.65 to 82.00 metres for an approximate true
thickness of 9.32 metres grading 3.85% copper, 5.12 g/t gold, 10.34% zinc, 139.0 g/t silver, and 0.95% lead. A
subset interval of the massive sulphide mineralization is of even higher grade from 72.41 to 76.08 metres,
grading 6.47% copper, 12.30 g/t gold, 25.27% zinc, 335.4 g/t silver, and 2.37% lead. It should be noted that the
lower 2.73 metres of the intercept is structurally modified by a fault and gradually transitions into both
mineralized and hydrothermally altered dacite volcaniclastic rocks that underlie El Domo.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
Approx. True
Thickness (m)
CURI-250 71.65 82.00 10.35 3.85 5.12 10.34 139.0 0.95 9.32
including 72.41 77.98 5.57 6.33 8.30 18.43 240.7 1.62 5.01
including 72.41 76.08 3.67 6.47 12.30 25.27 335.4 2.37 3.30
The intercept in CURI-252 has an approximate true thickness of 4.51 metres and intersected VMS mineralization
from 59.75 to 64.76 metres grading 1.62% copper, 8.77 g/t gold, 11.47% zinc, 357.9 g/t silver, and 2.68% lead.
The top contact of the VMS mineralization occurs across 1.29 metres of intercalated fine-grained volcaniclastic
tuff-sized material and semi-massive sulphide mineralization that grades into massive sulphide mineralization.
A subset interval of the massive sulphid e mineralization is of even higher grade from 61.04 to 62.65 metres,
grading 1.74% copper, 17.40 g/t gold, 22.05% zinc, 523.0 g/t silver, and 5.97% lead. The lower contact is faulted
from 62.65 to 64.76 metres and gradually transitions into both mineralized and hydrothermally altered dacite
volcaniclastic rocks.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
Approx. True
Thickness (m)
CURI-252 59.75 64.76 5.01 1.62 8.77 11.47 357.9 2.68 4.51
Including 61.04 64.76 3.72 1.83 7.96 11.75 244.8 2.61 3.35
Including 61.04 62.65 1.61 1.74 17.40 22.05 523.0 5.97 1.45
CURI-253 was designed to test the thin southerly margin of the massive sulphide mineralization within the
confines of the Whittle starter open- pit and it intersected an approximate true thickness of 0.61 metres from
59.52 to 60.20 metres grading 0. 84% copper, 13.9 g/t gold, 26.48% zinc, 298.0 g/t silver, and 1.87% lead . In
addition, it also intersected a low-grade stockwork within dacite volcaniclastic rocks from 68.58 to 75.29 metres.
Stockwork mineralization is quite common below El Domo, forming horizontal units that appear to be spatially
associated with key fault structures and associated with autobreccia in the dacite volcanic rocks.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
Approx. True
Thickness (m)
CURI-253 59.52 60.20 0.68 0.84 13.90 26.48 298.0 1.87 0.61
68.58 75.29 6.71 0.57 0.14 2.57 8.5 0.13 6.04
Date:
News Release:
Ticker Symbols:
April-19-2018
18-08
ADZN–V and SRL–V
--- 3 ---
Drill holes CURI -255 and CURI -256 were designed to test the souther ly limits of the known massive sulphide
mineralization and further assess the pit wall geology. These drill holes both intersected favo urable strata
including both the grainstone, which is a resedimented volcaniclastic unit containing pebbles and cobbles of
massive sulphide mineralization, and a fine-grained felsic volcaniclastic tuff -sized material known to occur
directly above the massiv e sulphide mineralization; however, no semi -massive to massive sulphide minerals
were intersected. CURI-256 did, however, intersect a low -grade stockwork zone within dacite volcaniclastic
rocks from 108.52 to 119.21 metres that corresponds to other similar low-grade stockwork zones
stratigraphically below El Domo such as above in drill hole CURI -253. These drill holes have also confirmed
modelling done by RPA along the southern margin of the deposit and provide excellent geological control for
future modelling studies.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
Approx. True
Thickness (m)
CURI-256 108.52 119.21 10.69 0.46 0.25 0.84 12.8 0.07 9.62
Technical Information Quality Control & Quality Assurance
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 sample 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 there 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.
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 zinc-related exploration and project development globally. Its
strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP , and Resource Capital
Funds; as well as other highly respected investors in the mining business. Adventus currently has large
prospective land packages in both Ireland and Newfoundland and Labrador, Canada, and is earning a 75%
ownership interest in the Curipamba copper -gold-zinc project in Ecuador. In addition, Adventus has a country -
wide exploration alliance with its partners in Ecuador, incorporating one project to date. Adventus is based in
Toronto, Canada, and is listed on the TSX-V under the symbol ADZN.
Date:
News Release:
Ticker Symbols:
April-19-2018
18-08
ADZN–V and SRL–V
--- 4 ---
About Salazar
Salazar is a publicly-listed mineral resource company engaged in the exploration and development of new highly
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, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals
Rio Blanco and Gaby Deposit. Being an Ecuadorian -based company gives the Company a strateg ic advantage
enabling the Company to complete exploration at a rapid pace. With an excellent property 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 Regulation 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, assumptions 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 sta tements
that certain actions, events or results “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 have 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 [email protected].
For further information from Salazar, please contact [email protected].