Adzn–v and Srl–v ‐‐‐ 1 ‐‐‐ Adventus and Salazar Announce Additional 2018 Drill Results at the Curipamba Project, Including 19.41 Metres of 7.00% Copper, 1.61 G/T GOLD, 3.00% Zinc, 18.4 G/T Silver and 0.14% Lead FOR 9.5% Copper‐equivalent (“CuEq”)
Date:
News Release:
Ticker Symbols:
June‐6‐2018
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ADZN–V and SRL–V
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ADVENTUS AND SALAZAR ANNOUNCE ADDITIONAL 2018 DRILL RESULTS AT THE CURIPAMBA PROJECT,
INCLUDING 19.41 METRES OF 7.00% COPPER, 1.61 G/T GOLD, 3.00% ZINC, 18.4 G/T SILVER AND 0.14% LEAD
FOR 9.5% COPPER‐EQUIVALENT (“CUEQ”)
Toronto, June 6, 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‐262 intersected 13.66 metres of 5.68% copper, 6.98 g/t gold, 1.97% zinc, 59.3 g/t silver, and 0.21%
lead for 11.8% CuEq;
• CURI‐265 intersected 10.30 metres of 8.72% copper, 2.74 g/t gold, 0.15% zinc, 27.3 g/t silver, and 0.01%
lead for 10.9% CuEq;
• CURI‐266 intersected two adjacent intersections of 5.33 metres of 2.12% copper, 7.72 g/t gold, 9.70%
zinc, 186.9 g/t silver, and 0.94% lead for 13.4% CuEq, followed immediately by 32.43 metres of 4.40%
copper, 1.29 g/t gold, 1.84% zinc, 13.3 g/t silver, and 0.09% lead for 6.2% CuEq; and
• CURI‐268 intersected 3.91 metres of 5.50% copper, 4.54 g/t gold , 5.71% zinc, 32.1 g/t silver, and 0.15%
lead for 11.2% CuEq.
"Infill drilling at El Domo continues to highlight the high‐qual ity nature of the Curipamba project amongst its
peer group of copper deposits,” said Christian Kargl‐Simard, CE O of Adventus. “Adventus is confident that as
infill drilling continues, El Domo will continue to yield resul ts that will contribute greatly to moving the project
forward towards an updated Preliminary Economic Assessment for stakeholders in the first half of 2019."
Fredy Salazar, CEO of Salazar said, “The Salazar team is very pleased with the most recent results from the infill
drilling program that confirm the high‐grade nature of the El D omo deposit. We look forward to their inclusion
in an update to the Mineral Resource for next year.”
El Domo Infill Drilling Results
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 u p d a t e f o r t h e E l D o m o V M S d e p o s i t
completed by Roscoe Postle Associates Inc. (“RPA”). The Indicat ed 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. L ars 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 higher‐grade portion of the open‐pit constrained Mineral Resource by decreasing drill spacing; which will
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also generate material for a planned metallurgical program in t he second half of 2018. To date, drilling within
higher‐grade portion of the open‐pit constrained Mineral Resour ce has successfully completed approximately
3,500 metres from a planned 7,500 metre work program that is ex pected to be completed by the end of the
second quarter of 2018.
Drill hole CURI‐262 intersected a zone of grainstone from 44.51 to 50.24 metres for an approximate true
thickness of 4.56 metres that possessed resedimented clasts of massive sulphide mineralization and graded
1.26% copper, 1.88 g/t gold, 1.47% zinc, 33.9 g/t silver, and 0 .11% lead. Massive sulphide mineralization then
occurs from 63.69 to 77.35 metres for an approximate true thick ness of 12.98 metres, grading 5.68% copper,
6 . 9 8 g / t g o l d , 1 . 9 7 % z i n c , 5 9 . 3 g / t s i l v e r , a n d 0 . 2 1 % l e a d . A subset interval of semi‐massive sulphide
mineralization does possess higher gold and silver assay result s from 63.69 to 67.88 metres, grading 10.68%
copper, 18.34g/t gold, 3.51% zinc, 111.9 g/t silver, and 0.30% 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-262 44.51 50.24 4.80 1.26 1.88 1.47 33.9 0.11 3.8 4.56
including 48.13 50.24 2.15 2.51 4.20 2.07 60.1 0.23 6.9 2.04
63.69 77.35 13.66 5.68 6.98 1.97 59.3 0.21 11.8 12.98
including 63.69 67.88 4.19 10.68 18.34 3.51 111.9 0.30 25.7 3.98
(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‐264 intersected fine‐grained sediments off the western margin of the massive sulphide
mineralization that are time‐stratigraphic equivalent, or coeva l and therefore linked to the seafloor
hydrothermal processes that formed El Domo. The top of the interval is caught up in an apparent fault structure
from 74.50 to 76.83 metres, but this sedimentary unit continues to 82.60 metres. Significant gold mineralization
was intersected from 74.50 to 81.00 metres for an approximate t rue thickness of 5.53 metres grading 0.52%
copper, 6.55 g/t gold, 0.52% zinc, 48.0 g/t silver and 0.10% lead. A subset interval of higher‐grade occurs from
76.83 to 78.00 metres grading 1.48% copper, 14.50 g/t gold, 0.63% zinc, 45.6 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-264 74.50 81.00 6.50 0.52 6.55 0.52 48.0 0.10 5.7 5.53
including 76.83 78.00 1.17 1.48 14.50 0.63 45.6 0.01 12.0 0.99
(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
Grainstone and fine‐grained sediments were intersected in CURI‐ 265 from 39.50 to 65.04 metres for an
approximate true thickness of 24.26 metres; however, it appears the fine‐grained sediments are entirely
overprinted by faulting from 56.00 to 65.04 metres. Overall, the grainstone and fine‐grained sediments are only
weakly mineralized from 49.50 to 65.04 metres, grading 0.35% copper, 1.33 g/t gold, 1.37% zinc, 41.2 g/t silver,
and 0.28% lead.
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The top contact of the VMS mineralization appears to be semi‐ma ssive sulphide mineralization that transitions
from fine‐grained sediments to t he massive sulphide mineralizat ion downhole. The massive sulphide
mineralization occurs from 65.04 to 75.34 metres for a true thi ckness of 9.79 metres, grading 8.72% copper,
2.74 g/t gold, 0.15% zinc, 27.3 g/t silver, and 0.01% lead. A subset interval of the massive sulphide mineralization
is of even higher grade from 66.20 to 70.00 metres, grading 14. 05% copper, 5.69 g/t gold, 0.11% zinc, 47.0 g/t
silver, and 0.01% lead. The lower contact also appears to be f aulted and transitions into dacite volcaniclastic
rocks that are weakly mineralized and hydrothermally altered by gypsum.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-265 49.50 65.04 15.54 0.35 1.33 1.37 41.2 0.28 2.3 14.76
Including 50.94 52.73 1.79 0.81 2.57 3.22 94.0 0.97 5.1 1.70
Including 56.00 57.56 1.56 0.24 4.96 6.88 201.0 1.24 8.8 1.48
Including 59.48 65.04 5.56 0.58 0.98 0.61 17.6 0.05 1.7 5.28
65.04 75.34 10.30 8.72 2.74 0.15 27.3 0.01 10.9 9.79
Including 66.20 70.00 3.80 14.05 5.69 0.11 47.0 0.01 18.4 3.61
(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‐266 intersected well‐mineralized, fine‐grained sediments from 51.24 to 56.57 metres for an
approximate true thickness of 4.53 metres grading 2.12% copper, 7.72 g/t gold, 9.70% zinc, 186.9 g/t silver, and
0.94% lead. A subset interval from 53.70 to 56.57 metres gradi ng 2.64% copper, 9.48 g/t gold, 14.77% zinc,
251.3 g/t silver, and 1.11 % lead.
The fine‐grained sediments transitioned into a thick interval of massive sulphide to semi‐massive mineralization
that occurs from 56.57 to 89.00 metres for an approximate true thickness of 27.56 metres grading 4.40% copper,
1.29 g/t gold, 1.84% zinc, 13.3 g/t silver, and 0.09% lead. A subset interval of massive sulphide mineralization is
of even higher grade from 66.16 to 72.04 metres, grading 14.82% copper, 2.48 g/t gold, 5.54% zinc, 22.8 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-266 51.24 56.57 5.33 2.12 7.72 9.70 186.9 0.94 13.4 4.53
Including 53.70 56.57 2.87 2.64 9.48 14.77 251.3 1.11 17.9 2.44
56.57 89.00 32.43 4.40 1.29 1.84 13.3 0.09 6.2 27.56
Including 56.57 75.98 19.41 7.00 1.61 3.00 18.4 0.14 9.5 16.50
Including 58.61 72.04 13.43 9.05 1.81 2.59 16.4 0.03 11.5 11.42
Including 66.16 72.04 5.88 14.82 2.48 5.54 22.8 0.03 19.0 5.00
Including 75.98 89.00 13.02 0.53 0.81 0.11 5.6 0.02 1.2 11.07
(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‐268 intersected grainstone from 34.24 to 47.80 metres for an approximate true thickness of
12.88 metres; however, it only has narrow intervals that is ric h in sulphide clasts. The best interval was 45.20
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to 47.80 metres, grading 6.15% co pper, 8.64 g/t gold, 5.97% zin c, 151.4 g/t silver, and 0.56% lead.
Stratigraphically below the grainstone were fine‐grained sediments that appeared intruded by a mafic dyke, but
the fine‐grained sediments were well‐mineralized directly above the massive sulphide mineralization from 59.66
to 61.04 metres for an approximate true thickness of 1.31 metre s grading 1.65% copper, 5.75 g/t gold, 0.98%
zinc, 29.0 g/t silver, and 0.14% lead.
The fine‐grained sediments transitioned into a thick interval o f massive sulphide mineralization, most of which
appeared faulted. This mineralization was intersected from 61.04 to 69.00 metres for an approximate true
thickness of 7.56 metres grading 2.89% copper, 2.74 g/t gold, 2 .86% zinc, 17.1 g/t silver, and 0.08% lead. A
subset interval of massive sulphide mineralization is of even h igher grade from 61.04 to 64.95 metres, grading
5.50% copper, 4.54 g/t gold, 5.71% zinc, 32.1 g/t silver, and 0.15% 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-268 45.20 47.80 2.60 6.15 8.64 5.97 151.4 0.56 16.1 2.47
59.66 61.04 1.38 1.65 5.75 0.98 29.0 0.14 6.3 1.31
61.04 69.00 7.96 2.89 2.74 2.86 17.1 0.08 6.1 7.56
Including 61.04 64.95 3.91 5.50 4.54 5.71 32.1 0.15 11.2 2.95
(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
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 o f NI 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 sp lit 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
C u r i p a m b a p r o j e c t . A Q A Q C p r o g r a m i s a l s o i n p l a c e a t B V a n d i ncludes 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‐I ndependent Qualified Person, as defined by NI
43‐101.
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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 Curipamb a copper‐gold‐zinc project in Ecu ador. In addition, Adventus ha s a
country‐wide exploration alliance with its partners in Ecuador, i n c o r p o r a t i n g t w o p r o j e c t s t o d a t e . A d v e n t u s i s b a s e d i n T o r o nto,
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 not a b l y b y i t s n a m e s a k e F r e d y S a l a z a r , t h i s t e a m h a s b e e n
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 a nd 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 Pro v i d e r ( a s t h a t t e r m i s d e f i n e d i n t h e p o l i c i e s o f t h e T S X V e n ture
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, p rojections, objectives, assump tions or
future events or performance (often, but not always, identified by words or phrases such as “believes”, “anticipates”, “expect s”, “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 take n”, 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, eve nts 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].