Adzn–v and Srl–v --- 1 --- Adventus and Salazar Announce Additional 2018 Drill Results at the Curipamba Project, Including 5.09 Metres of 2.67% Copper, 20.95 G/T GOLD, 38.46% Zinc, 338.8 G/T Silver and 5.32% Lead FOR 37.45% Copper-Equivalent (“CuEq”)
Date:
News Release:
Ticker Symbols:
July 23-2018
18-17
ADZN–V and SRL–V
--- 1 ---
ADVENTUS AND SALAZAR ANNOUNCE ADDITIONAL 2018 DRILL RESULTS AT THE CURIPAMBA PROJECT,
INCLUDING 5.09 METRES OF 2.67% COPPER, 20.95 G/T GOLD, 38.46% ZINC, 338.8 G/T SILVER AND 5.32%
LEAD FOR 37.45% COPPER-EQUIVALENT (“CUEQ”)
Toronto, July 23, 2018 – Adventus Zinc Corporation (“Adventus”) (TSX -V: ADZN) 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-270 intersected 4.12 metres of 2.27% copper, 14.31 g/t gold, 33.36% zinc, 526.8 g/t silver, and
3.78% lead for 31.96% CuEq;
• CURI-272 intersected 9.98 metres of 2.58% copper, 11.48 g/t gold, 22.72 % zinc, 265.8 g/t silver, and
2.73% lead for 23.06% CuEq; including 5.09 metres of 2.67% copper, 21.59 g/t gold, 38.46% zinc, 338.8
g/t silver, and 5.32% lead for 37.88% CuEq; and
• CURI-275 intersected 4.00 metres of 4.36% copper, 22.82 g/t gold, 16.56 % zinc, 250.5 g/t silver, and
3.53% lead for 31.03% CuEq.
El Domo Infill Drilling Results
The i nfill drilling program commenced in early March 2018 with the objective of upgrading the confidence
level of the higher -grade portion of the open- pit constrained Mineral Resource by decreasing drill spacing;
which will also generate material for a planned metallurgical program in the second half of 2018 . T o date,
drilling within higher-grade portion of the open- pit constrained Mineral Resource has successfully completed
34 out of 52 drill holes with two drill holes in progress. Approximately 6,060 metres from a planned 7,500
metre work program has been successfully completed, and this phase of infill drilling is expected to be
completed by mid-third quarter 2018.
Drill hole CURI -270 intersected massive sulphide mineralization from 55.60 to 59.72 metres for an
approximate true thickness of 3.91 metres, grading 2.27% copper, 14.31 g/t gold, 33.36% zinc, 526.8 g/t silver,
and 3.78% lead. A subset interval of massive sulphide mineralization possesses significantly higher -grade zinc
from 57.85 to 59.72 metres, grading 3.07% copper, 6.32g/t gold, 49.73% zinc, 255.4 g/t silver, and 1.69% 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-270 55.60 59.72 4.12 2.27 14.31 33.36 526.8 3.78 31.96 3.91
including 55.60 57.85 2.25 1.60 20.95 19.75 752.4 5.50 33.23 2.14
including 57.85 59.72 1.87 3.07 6.32 49.73 255.4 1.69 30.42 1.78
59.72 84.00 24.28 0.20 0.50 2.11 8.0 0.08 1.49 23.07
including 65.76 84.00 18.24 0.22 0.40 2.46 7.6 0.08 1.58 17.33
including 67.53 72.00 4.47 0.12 1.07 2.12 7.0 0.13 1.80 4.25
(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
Date:
News Release:
Ticker Symbols:
July 23-2018
18-17
ADZN–V and SRL–V
--- 2 ---
Drill hole CURI-270 also intersected a wide section of low-grade stockwork directly below the massive sulphide
mineralization from 59.72 to 84.00 metres for an approximate true thickness of 23.07 metres grading 0.20%
copper, 0.50 g/t gold, 2.11% zinc, 8.0 g/t silver, and 0.08% lead. A subset interval of higher-grade gold content
occurs from 67.53 to 72.00 metres grading 0.12 % copper, 1.07 g/t gold, 2.12% zinc, 7.0 g/t silver, and 0.13%
lead.
Drill hole CURI -272 intersected both massive and semi- massive sulphide mineralization from 55.18 to 65.16
metres for an approximate true thickness of 8.48 metres grading 2.58% copper, 11.48 g/t gold, 22.72% zinc,
265.8 g/t silver and 2.73% lead. A subset interval of higher -grade occurs from 55.18 to 60.27 metres grading
2.67% copper, 21.59 g/t gold, 38.46% zinc, 338.8 g/t silver, and 5.32 % lead . Semi- massive sulphide
mineralization occurs from 60.27 to 65.16 metres, grading 2.49% copper, 0.96 g/t gold, 6.34% zinc, 189.7 g/t
silver, and 0.03% 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-272 55.18 65.16 9.98 2.58 11.48 22.72 265.8 2.73 23.06 8.48
including 55.18 60.27 5.09 2.67 21.59 38.46 338.8 5.32 37.88 4.33
including 60.27 65.16 4.89 2.49 0.96 6.34 189.7 0.03 7.64 4.16
66.28 73.74 7.46 0.45 0.23 0.56 8.1 0.05 0.93 6.34
(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 adjust ments were made in
the metal equivalency calculation for metal recovery, as this is still an early stage project
Low-grade stockwork mineralization was also intersected 66.28 to 73.74 metres for an approximate true
thickness of 6.34 metres grading 0.45% copper, 0.23 g/t gold, 0.56% zinc, 8.1 g/t silver, and 0.05% lead.
In CURI-273, only a narrow high -grade section of the VMS mineralization was intersected with the top contact
denoted by a fault zone . Th e massive sulphide mineralization occurs from 68.65 to 69.00 metres for a true
thickness of 0. 33 metres, grading 2.85% copper, 4.07 g/t gold, 24.46% zinc, 356.0 g/t silver, and 1.26% lead.
Immediately below t he lower contact of the massive sulphide mineralization, the dacite volcanic lastic rocks
are well mineralized and hydrothermally altered over a short interval from 69.00 to 69.55 metres, grading
1.90% copper, 0.60 g/t gold, 4.45% zinc, 69.0 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-273 68.65 69.00 0.35 2.85 4.07 24.46 356.0 1.26 19.47 0.33
69.00 69.55 0.55 1.90 0.60 4.45 69.0 0.01 4.80 0.52
118.03 128.69 10.66 0.08 0.57 1.22 16.4 0.18 1.18 10.13
(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 -273 also intersected low-grade stockwork from 118.03 to 128.69 metres for an approximate
true thickness of 10.13 metres grading 0.08% copper, 0.57 g/t gold, 1.22% zinc, 16.4 g/t silver, and 0.18% lead.
Date:
News Release:
Ticker Symbols:
July 23-2018
18-17
ADZN–V and SRL–V
--- 3 ---
Drill hole CURI -275 intersected an interval of precious metal -rich massive sulphide to semi -massive
mineralization that occurs from 58.00 to 62.00 metres for an approximate true thickness of 3.60 metres
grading 4.36% copper, 22.82 g/t gold, 16.56% zinc, 250.5 g/t silver, and 3.53 % lead. A subset interval of
massive sulphide mineralization is of even higher grade from 58.00 to 59.97 metres, grading 7.25 % copper,
30.83 g/t gold, 16.95% zinc, 322.4 g/t silver, and 3.93% 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-275 58.00 62.00 4.00 4.36 22.82 16.56 250.5 3.53 31.03 3.60
including 58.00 59.97 1.97 7.25 30.83 16.95 322.4 3.93 39.44 1.77
including 59.97 62.00 2.03 1.50 14.73 15.80 176.3 3.09 20.60 1.83
62.00 67.43 5.43 0.25 0.35 1.23 10.2 0.07 1.11 4.89
(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 adjust ments were made in
the metal equivalency calculation for metal recovery, as this is still an early stage project
Drill hole CURI -275 also intersected low -grade stockwork directly underneath the massive sulphide
mineralization from 62.00 to 67.43 metres for an approximate true thickness of 4.89 metres grading 0.25%
copper, 0.35 g/t gold, 1.23% zinc, 10.2 g/t silver, and 0.07% lead.
Massive sulphide mineralization in drill hole CURI -277 has been caught up in a fault zone from 66.25 to 68.80
metres, so a representation of the true thickness may not be accurate. H owever, the mineralization has an
apparent true thickness of 2.42 metres, grading 2.99% copper, 7.52 g/t gold, 9.51% zinc, 177.3 g/t silver, and
0.94% 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-277 66.25 68.80 2.55 2.99 7.52 9.51 177.3 0.94 14.00 2.42
85.36 96.30 10.94 0.62 0.14 1.71 5.5 0.04 1.47 10.39
including 94.42 96.30 1.88 1.61 0.06 7.50 8.0 0.03 4.74 1.79
(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 -277 also intersected a wide section of low -grade stockwork below the massive sulphide
mineralization from 85.36 to 96.30 metres for an approximate true thickness of 10.39 metres grading 0.62%
copper, 0.14 g/t gold, 1.71% zinc, 5.5 g/t silver, and 0.04% lead. A subset interval of higher-grade gold content
occurs from 94.42 to 96.30 metres grading 1.61 % copper, 0.06 g/t gold, 7.50% zinc, 8.0 g/t silver, and 0. 03%
lead.
Drill hole CURI-255 was designed to test the southerly limits of the known massive sulphide mineralization and
further assess the pit wall geology . This drill hole intersected favourable 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 massive sulphide
Date:
News Release:
Ticker Symbols:
July 23-2018
18-17
ADZN–V and SRL–V
--- 4 ---
mineralization; however, no semi- massive to massive sulphide minerals were intersected. CURI -269 also did
not intersect massive sulphide mineralization; however, it did intersect a low -grade stockwork zone within
dacite volcaniclastic rocks from 86.50 to 98. 37 metres that corresponds to other similar low -grade stockwork
zones stratigraphically below El Domo. These drill holes confirmed modelling done by RPA along the margin s
of the deposit and provide excellent geological control for future modelling studies.
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 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 90 01:2000 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 open- 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.
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 Zinc 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 Metal s
Corp.; as well as other highly respected investors in the mining business. Adventus Zinc currently has large prospective land
packages in both Ireland and Newfoundland and Labrador, Canada (the latter currently subject to a reverse take -over with Canstar
Resources Inc.), and is earning a 75% ownership interest in the Curipamba copper -gold-zinc project in Ecuador. In addition, Adventus
Date:
News Release:
Ticker Symbols:
July 23-2018
18-17
ADZN–V and SRL–V
--- 5 ---
Zinc has a country- wide exploration alliance with its partners in Ecuador, incorporating two projects to date. Adventus Zinc is b ased
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 Ecuadoria n 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 geopoli tical 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 pol icies 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 statements 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 tha t
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 dif fer 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].