Adzn–v and Srl–v --- 1 --- Adventus and Salazar Announce More 2018 Drill Results at the Curipamba Project, Including 7.08 Metres of 3.92% Copper, 3.32 G/T GOLD, 5.90% Zinc, 154.9 G/T Silver and 0.74% Lead
Date:
News Release:
Ticker Symbols:
May-29-2018
18-12
ADZN–V and SRL–V
--- 1 ---
ADVENTUS AND SALAZAR ANNOUNCE MORE 2018 DRILL RESULTS AT THE CURIPAMBA PROJECT, INCLUDING
7.08 METRES OF 3.92% COPPER, 3.32 G/T GOLD, 5.90% ZINC, 154.9 G/T SILVER AND 0.74% LEAD
Toronto, May 29, 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-259 intersected 7.08 metres of 3.92% copper, 3.32 g/t gold, 5.90% zinc, 154.9 g/t silver, and 0.74%
lead;
• CURI-260 intersected 7.55 metres of 2.62% copper, 2.51 g/t gold, 5.27% zinc, 37.8 g/t silver, and 0.09%
lead and
• CURI-261 intersected 8.46 metres of 4.24% copper, 0.54 g/t gold, 2.31% zinc, 16.0 g/t silver, and 0.01%
lead.
El Domo Infill Drilling Results
Infill drilling continues to yield intercepts of high- grade, 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 total s 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.
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
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 higher-grade portion of the
open-pit constrained Mineral Resource has successfully completed approximately 3,500 metres from a planned
7,500 metre work program that is expected to be completed by the end of the second quarter of 2018.
Seventeen infill drill holes have been successfully completed with eight drill holes having now passed quality
assurance and quality control (“QAQC”). One drill hole is currently in the process of being drilled.
From the 3,500 metres successfully completed, thirteen drill holes have intersected either semi- massive or
massive sulphide mineralization. The other four drill holes did not have significant results because they were
designed to refine the limits of VMS mineralization along the margin s of the open -pit constrained Mineral
Resource. 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.
Date:
News Release:
Ticker Symbols:
May-29-2018
18-12
ADZN–V and SRL–V
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Drill hole CURI -257 intersected a zone of semi -massive sulphide mineralization that transitioned into well
mineralized dacite volcaniclastic rocks along t he southern margin of El Domo. The intercept is from 67.80 to
72.60 metres for an approximate true thickness of 4.32 metres, grading 0.66% copper, 1.63 g/t gold, 3.58% zinc,
60.5 g/t silver, and 0.42% lead. A subset interval of semi -massive sulphide mineralization does possess higher
gold and silver assay results from 67.80 to 69.95 metres, grading 0.17% copper, 2.81 g/t gold, 3.05% zinc, 88.5
g/t silver, and 0.70% lead.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
Approx. True
Thickness (m)
CURI-257 67.80 72.60 4.80 0.66 1.63 3.58 60.5 0.42 4.32
including 67.80 69.95 2.15 0.17 2.81 3.05 88.5 0.70 1.94
Drill hole CURI-259 intersected two mineralized grainstone units, which are a resedimented volcaniclastic rock
with massive sulphide clasts. The first interval was from 46.63 to 49.15 metres for an approximate true thickness
of 2.27 metres grading 1.29% copper, 3.06 g/t gold, 1.99% zinc, 38.5 g/t silver and 0.14% lead. The second unit
was intersected from 64.89 to 67.56 metres for an approximate true thickness of 2.40 metres grading 0.72%
copper, 3.51 g/t gold, 4.97% zinc, 214.4 g/t silver, and 1.34% lead. Massive sulphide mineralization was then
intersected from 67.56 to 71.97 metres for an approximate true thickness of 3.97 metres grading 5.95% copper,
3.27 g/t gold, 6.52% zinc, 122.3 g/t silver, and 0.38% lead.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
Approx. True
Thickness (m)
CURI-259 46.63 49.15 2.52 1.29 3.06 1.99 38.5 0.14 2.27
64.89 71.97 7.08 3.92 3.32 5.90 154.9 0.74 6.37
including 64.89 67.56 2.67 0.72 3.51 4.97 214.4 1.34 2.40
including 67.56 71.97 4.41 5.95 3.27 6.52 122.3 0.38 3.97
The intercept in CURI-260 has an approximate true thickness of 6.80 metres and intersected VMS mineralization
from 80.65 to 88.20 metres grading 2.62% copper, 2.51 g/t gold, 5.27% zinc, 37.8 g/t silver, and 0.09% lead. The
top contact of the VMS mineralization appears to be faulted for the first 1.57 metres of massive sulphide
mineralization, but grades into semi-massive sulphide mineralization then back into massive sulphide
mineralization. A subset interval of the massive sulphide mineralization is of even higher grade from 84.82 to
86.65 metres, grading 3.70 % copper, 4.61 g/t gold, 14.22% zinc, 59.8 g/t silver, and 0.11% lead. The lower
contact also appears to be faulted from 87.49 to 88.20 metres and gradually transitions into both mineralized
and hydrothermally altered dacite volcaniclastic rocks.
Below the massive sulphide mineralization, drilling also intersected a low -grade stockwork zone within the
dacite volcaniclastic rocks from 93.94 to 103.26 metres that corresponds to other similar low -grade stockwork
zones stratigraphically below El Domo. However, a higher -grade subset does occur from 100.76 to 103.26
metres, grading 2.63% copper, 1.70 g/ t gold, 1.65% zinc, 23. 4 g/t silver, and 0.09% lead. A second, narrow
stockwork zone was intersected from 215.04 to 217.18 metres, grading 1.40% copper, 0.16 g/t gold, 0.14% zinc,
and 0.9 g/t silver.
Date:
News Release:
Ticker Symbols:
May-29-2018
18-12
ADZN–V and SRL–V
--- 3 ---
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
Approx. True
Thickness (m)
CURI-260 80.65 88.20 7.55 2.62 2.51 5.27 37.8 0.09 6.80
Including 83.11 87.49 4.38 4.05 2.81 7.87 45.6 0.06 3.94
Including 84.82 86.65 1.83 3.70 4.61 14.22 59.8 0.11 1.65
93.94 103.26 9.32 0.82 0.56 0.71 8.4 0.03 8.39
Including 100.76 103.26 2.50 2.63 1.70 1.65 23.4 0.09 2.25
215.04 217.18 2.14 1.40 0.16 0.14 0.9 0.00 1.93
Drill hole CURI -261 intersected thin, high- grade, mineralized grainstone from 53.98 to 55.77 metres for an
approximate true thickness of 1.43 metres grading 3.80% copper, 5.85 g/t gold, 3.61% zinc, 122.3 g/t silver, and
0.38% lead. A second, finer-grained, mineralized grainstone was intersected directly above the massive sulphide
mineralization from 76.18 to 81.33 metres for an approximate true thickness of 4.12 metres grading 0.43%
copper, 2.95 g/t gold, 5.74% zinc, 128.3 g/t silver, and 0.65% lead. A subset interval of the grainstone is of even
higher grade from 76.18 to 78.08 metres, grading 0.43% copper, 5.15 g/t gold, 9.58% zinc, 288.41 g/t silver, and
1.58% lead.
The grainstone transitioned into massive sulphide mineralization, which occurs from 81.33 to 89.79 metres for
an approximate true thickness of 6.77 metres grading 4.24% copper, 0.54 g/t gold, 2.31% zinc, 15.98 g/t silver,
and 0.01% lead. A subset interval of massive sulphide mineralization is of even higher grade from 81.33 to 86.02
metres, grading 7.23% copper, 0.72 g/t gold, 4.15% zinc, 25.72 g/t silver, and 0.01% lead.
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
Approx. True
Thickness (m)
CURI-261 53.98 55.77 1.79 3.80 5.85 3.61 122.3 0.38 1.43
76.18 81.33 5.15 0.39 2.95 5.74 128.3 0.65 4.12
Including 76.18 78.08 1.90 0.43 5.15 9,58 288.4 1.58 1.52
81.33 89.79 8.46 4.24 0.54 2.31 16.0 0.01 6.77
Including 81.33 86.02 4.69 7.23 0.72 4.15 25.7 0.01 3.75
Other Drilling Results
Drill holes CURI-240 through CURI-249, and CURI-251 were designed to probe the favourable geology south of
El Domo. To date, drilling successfully completed approximately 2,560 metres from a planned 2,500 metre work
program that completed on schedule. Eleven exploration drill holes were successfully completed with all having
passed QAQC.
Although these drill holes did intersect the favourable volcanic strata with hydrothermal alteratio n of the
footwall rocks for El Domo , no semi-massive to massive sulphide mineralization was intersected. Several drill
holes did, however, intersect wide intercepts of low -grade stockwork that could correspond to other similar
low-grade stockwork zones stratigraphically below El Domo, approximately 420 metres to the north, and those
recently identified at Sesmo target, approximately 1,900 metres to the northwest ( see April 30, 2018 news
release).
Date:
News Release:
Ticker Symbols:
May-29-2018
18-12
ADZN–V and SRL–V
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These newly identified occurrences need to be reviewed in the context of how they link to the extensive
hydrothermal plumbing system that drove the formation of massive sulphide mineralization at El Domo and
how it is related to the Sesmo target. The drill holes have also confirmed modelling done by RPA of 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-240 81.43 86.78 5.35 0.09 2.49 0.75 57.5 0.29 4.55
Including 82.46 84.43 1.97 0.09 5.41 0.97 131.8 0.51 1.67
93.86 98.21 4.35 0.12 0.24 1.45 4.5 0.07 3.70
CURI-241 75.90 92.37 16.47 0.06 0.29 0.93 3.8 0.04 14.00
Including 76.86 87.05 10.19 0.05 0.35 1.08 4.3 0.04 8.66
CURI-242 76.55 82.60 6.05 0.07 0.51 1.13 21.8 0.16 5.15
Including 78.05 81.00 2.95 0.12 0.51 1.96 18.0 0.28 2.51
CURI-243 113.65 121.86 8.21 0.11 0.19 1.59 4.9 0.10 6.98
Including 116.90 121.86 4.96 0.13 0.17 2.07 4.0 0.03 4.22
CURI-244 105.86 118.70 12.84 0.14 0.21 1.43 8.3 0.21 10.91
Including 114.00 118.70 4.70 0.25 0.06 2.71 7.5 0.06 4.00
CURI-245 No Significant Results
CURI-246 142.00 143.00 1.00 0.26 0.09 2.54 0.5 0.00 0.85
162.00 163.00 1.00 1.80 0.10 0.27 1.9 0.00 0.85
CURI-247 131.44 133.00 1.56 0.35 0.10 3.64 5.2 0.56 1.33
CURI-248 No Significant Results
CURI-249 No Significant Results
CURI-251 No Significant Results
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.
Date:
News Release:
Ticker Symbols:
May-29-2018
18-12
ADZN–V and 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 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 two projects 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 resp ect 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 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 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 infor mation 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].