Adzn–v and Srl–v --- 1 --- Adventus and Salazar Announce Initial Drill Results from the Sesmo Target, Including 19.88 Metres 4.30 G/T GOLD and 95.1 G/T Silver
Date:
News Release:
Ticker Symbols:
April-30-2018
18-09
ADZN–V and SRL–V
--- 1 ---
ADVENTUS AND SALAZAR ANNOUNCE INITIAL DRILL RESULTS FROM THE SESMO TARGET, INCLUDING 19.88
METRES 4.30 G/T GOLD AND 95.1 G/T SILVER
Toronto, April 30, 2018 – Adventus Zinc Corporation (“Adventus”) (TSX -V: ADZN) and Salazar Resources
Limited (“Salazar”) (TSX-V: SRL, collectively the “Partners”) are pleased to announce results from the first drill
holes from its regional exploration drilling program at its 22,000-hectare Curipamba project located near Las
Naves, Ecuador. The first drill holes being released are from the Sesmo target which is located approximately
800 metres north-northeast of the El Domo volcanogenic massive sulphide deposit (“El Domo”).
Highlights
• CURI-254 intersected 11.56 metres of 3.65 g/t gold and 77.2 g/t silver; and
• CURI-254A intersected 19.88 metres of 4.30 g/t gold and 95.1 g/t silver.
Sesmo Drilling Results
The Sesmo target last saw exploration in 2007, which means the 2018 exploration program provides Adventus
and Salazar an excellent opportunity to evaluate the extent of precious metal mineralization associated with
this important target. As previously reported in the January 11, 2018 joint news release, the main Sesmo target
is characterized by outcropping high-grade gold and silver mineralization where Salazar reported a 15-metre
surface channel sample grading 39.1 g/t gold and 741 g/t silver that included 186.5 g/t gold and 1,055 g/t silver
over 2 metres (see April 27, 2007 Salazar news release).
Exploration activities in the Sesmo target area began in January 2018 with a review and relogging of historical
drill holes completed by Salazar immediately to the south of the target. The relogging provided context for the
Sesmo target geological model and was followed up by prospecting , line cutting, geological mapping , soil
sampling, and detailed ground geophysical survey that included 24.15-line kilometres induced polarization (“IP”)
and 24.57-line kilometres of magnetic (“MAG”) data collection during the month of February 2018.
Drilling at Sesmo target started in mid -March 2018. The first drill hole, CURI -254, had to be halted in
mineralization at a depth of 24.50 metres due to in-hole weathered rock conditions and loss of water pressure.
CURI-254A was therefore recollared at the same location at a steeper angle and was successfully drilled to a
target depth of 209.50 metres. CURI-254 intersected brecciated and altered dacitic volcanic rocks contain barite
and minor base metal sulphide mineralization that returned 11.56 metres grading 3.65 g/t gold, 77.2 g/t silver,
0.01% copper, 0.10% lead and 0.27% zinc from 12.94 to the end of the hole at 24.50 metres. The mineralized
zone appears to possess a weak fabric, suggestive of minor structurally modification; however, given the limited
exposure, more work is required to ascertain the true nature of any structural influence.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
Approx. True
Thickness (m)
CURI-254 12.94 24.50 11.56 3.65 77.2 0.01 0.10 0.27 (1)
including 21.20 24.50 3.30 6.10 53.0 0.01 0.22 0.48 (1)
Notes:
(1) Due to the early stage of exploration and lack of geological information, no estimate of true thickness can be made at this time
Date:
News Release:
Ticker Symbols:
April-30-2018
18-09
ADZN–V and SRL–V
--- 2 ---
The intercept in CURI-254A returned 19.88 metres, from 10.12 to 30.00 metres, grading 4.30 g/t gold, 95.1 g/t
silver, 0.09% copper, 0.33% lead, and 0.72% zinc. A 3.30 metre subset interval from 25.20 to 28.50 metres,
graded 17.38 g/t gold, 159.9 g/t silver, 0.36% copper, 0.99% lead, and 2.51% zinc. Further down the hole a zone
of base metal stockwork mineralization was encountered that included an intercept of 0.26 g/t gold, 3.6 g/t
silver, 0.07% copper, 0.56% lead, and 1.18% zinc over 19.42 metres. This zone was described as sharing strong
geologic similarities with footwall stockwork zones that typically underlie the nearby El Domo deposit.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
Approx. True
Thickness (m)
CURI-254A 10.12 30.00 19.88 4.30 95.1 0.09 0.33 0.72 (1)
Including 20.65 28.50 7.85 7.76 75.9 0.20 0.70 1.48 (1)
Including 25.20 28.50 3.30 17.38 159.9 0.36 0.99 2.51 (1)
47.10 66.13 19.42 0.26 3.6 0.07 0.56 1.18 (1)
Including 47.10 53.43 6.33 0.20 5.0 0.13 0.83 2.01 (1)
Including 58.53 66.13 7.60 0.38 3.1 0.04 0.43 0.89 (1)
Notes:
(1) Due to the early stage of exploration and lack of geological information, no estimate of true thickness can be made at this time
Given these positive initial results , target generation is now underway through the integration of all available
geological, geochemical, and geophysical data to plan additional drill holes. Adventus and Salazar staff will
continue to refine their target generation process as new data becomes available from both drilling and
reprocessing of the IP and MAG ground geophysical data. The initial target generation process has highlighted
several interesting areas for immediate follow-up and drilling , and one follow -up drill hole is currently in
progress.
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 samp les. 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 AAS 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.
Due to the high- grade nature of the precious metal mineralization at Sesmo target , a decision was made to
submit a split of the pulps for both drill holes and remit for an umpire assaying round at a third-party laboratory.
Pulp samples were submitted directly to the ALS Global laboratory facilities in Lima, Peru; which are
independent from Adventus, Salazar, and BV for sample preparation an d analysis. The a nalysis for gold is
Date:
News Release:
Ticker Symbols:
April-30-2018
18-09
ADZN–V and SRL–V
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performed using fire assay method with AAS finish and with a gravimetric finish for samples exceeding 10 g/t
gold. Silver and base metals are analyzed by a 41-element aqua regia ICP-AES technique with overlimit protocols
in place for 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 l arge 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 partn ers in Ecuador , incorporating one project to date . Adventus is based in Toronto,
Canada, and is listed on the TSX-V under the symbol ADZN.
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 strategic 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, ass umptions 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 results “may”, “could”, “would”, “will”, “should” “might”, “will be tak en”, 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 [email protected].
Date:
News Release:
Ticker Symbols:
April-30-2018
18-09
ADZN–V and SRL–V
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For further information from Salazar, please contact [email protected].