2018 18-25 Adzn–v, Advzf-OTCQX, Srl–v --- 1 --- Adventus and Salazar Announce Commencement of Airborne Mobilemt Geophysical Survey of Pijilí and Santiago Properties
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ADVENTUS AND SALAZAR ANNOUNCE COMMENCEMENT OF AIRBORNE MOBILEMT GEOPHYSICAL SURVEY OF
PIJILÍ AND SANTIAGO PROPERTIES
Toronto, November 19, 2018 – Adventus Zinc Corporation (“Adventus”) (TSX -V: ADZN; OTCQX: ADVZF) and
Salazar Resources Limited (“Salazar”) (TSX -V: SRL) (collectively the “Partners”) are pleased to announce the
commencement of a helicopter-supported, airborne Mobile MagnetoTellurics ( “MobileMT”) regional
geophysical survey for its Pijilí and Santiago properties in Ecuador. The MobileMT survey marks a major step in
advancing exploration on these properties, which are prospective for both epithermal and porphyry styles of
mineralization.
Adventus’ Vice President Exploration, Mr. Jason Dunning, comments: "With the start of the airborne MobileMT
geophysical survey, both Adventus and Salazar are extremely excited that MobileMT will greatly enhance drill
hole targeting by defining high -priority targets for follow-up in early 2019. This is the first time there will be a
deep penetrating, uniform dataset for Pijilí and Santiago projects that will allow us to more accurately visualize
the geological and structural framework in 3D to define potentially prospective host rocks for intrusion-related
mineralization. Our technical team is working closely with our contractor in the field and we are eagerly awaiting
the survey’s completion.”
The Pijilí and Santiago survey blocks were designed to be flown in a systematic manner off a detailed grid pattern
to ensure full coverage and depth penetration. A 150- metre line spacing has been planned for both projects
that results in a budgeted total of approximately 1,830 -line kilometres. The airborne MobileMT geophysical
survey is expected to be completed before year-end.
Pijilí Project Highlights
The Pijilí Project consists of three concessions totalling 3,246 hectares and is located in the province of Azuay,
approximately 150 km from the major port city of Guayaquil. Mineral potential for Pijilí Project includes an
untested epithermal gold-silver target, however, initial geological review is suggestive that there is a broader,
larger scale porphyry target present.
The Pijilí Project has never been explored with modern exploration techniques, such as geophysics, nor has
there been any systematic geological mapping, geochemical sampling, trenching and/or drilling undertaken.
Small-scale, legally permitted artisanal mining operations adjacent to the property are following precious metal-
bearing structures via several small open pits and underground tunnels. It is also important to note the presence
of secondary copper mineralization that is visible along the walls of the small open pits. Salazar staff have noted
copper sulphide -bearing (chalcopyrite) veins in a valley bottom at the confluence of major creeks that also
require additional follow-up.
Santiago Project Highlights
The Santiago Project consists of a single concession t hat encompasses 2,350 h ectares and is currently 100% -
owned by Salazar. It is located in a geological setting similar to the nearby Loma Larga deposit owned by INV
Metals Inc. and is considered prospective for epithermal gold and silver and porphyry copper gold deposits. It
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features three large, surficial geochemistry anomalies for gold, copper, and zinc. Numerous vein occurrences
have been identified on the property thus far, which have yielded good chip sampling results for both gold and
silver. (see Salazar news release for technical summary, dated February 23, 2012).
There have also been historically modest drilling campaigns by two operators on the property, including
Newmont Mining Corporation that reported wide drill intercepts for copper -gold from surface. Unfortunately,
these historic drill results cannot be verified, as the drill core is unavailable. Additional work, including drilling,
will be required to validate these reported historical drill results.
Airborne MobileMT System Overview
The airborne MobileMT geophysical survey is being managed by MPX Geophysics Ltd. (Canada -based) who is
employing an airborne geophysical system designed and built by Expert Geophysics Limited (Canada -based).
MobileMT is the most advanced generation of airborne AFMAG technologies that uses naturally occurring
electromagnetic fields in the frequency range between 25 Hz and 20,000 Hz. The technology behind MobileMT
is the product of the latest advances in electronics, airborne system design, and sophisticated signal processing
techniques. An aerodynamic, light -weight, airborne bird is towed by a helicopter with the airborne bird
measuring variations of the magnetic field, while a ground station measures variation of the electric field. The
ratio of the magnetic and electric field magnitudes in both in -phase and out -of-phase components provides
analytic parameters in selected bands of frequencies. The advanced noise processing technique of both
electronic and signal processing levels ensures high data quality even for low natural EM fields. A cesium-vapour
magnetometer is used for the total magnetic field recording.
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 base metals exploration and project development globally. Its strategic shareholders
include Altius Minerals Corporation, Greenstone Resources LP, Resource Capital Funds, and Wheaton Precious Metals Corp.; as well
as other highly respected investors in the mining business. The focus of Adventus is the advancement of the Curipamba copper -gold-
zinc project in Ecuador as part of an earn -in agreement to obtain a 75% ownership interest. In addition, Adventus is engaged in a
country-wide exploration alliance with its partners in Ecuador, incorporating two projects to date. Elsewhere globally, Adventus owns
a large prospective mineral land package in Ireland totalling 1,950 km2 and, through its ownership interest in Canstar Resources Inc.,
is actively participating in the exploration upside of a prospective mineral land package in Newfoundland and Labrador, Canada
totalling 550 km2. Adventus is based in Toronto, Canada, and is listed on the TSX -V under the symbol ADZN and trades on the OTCQX
under the symbol ADVZF.
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, Mo zo 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 pr operty portfolio
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(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 Reg ulation 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, assum ptions 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 resu lts “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 ha ve attempted to identify
important factors that could cause actual action s, 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
For further information from Salazar, please contact [email protected].