2018 18-24 Adzn–v, Advzf-OTCQX, Srl–v --- 1 --- Adventus and Salazar Announce Additional 2018 Drill Results at the Curipamba Project, Including 8.70 Metres of 11.31% Copper, 7.81 G/T GOLD, 6.57% Zinc, 90.9 G/T Silver and 0.44% Lead
Date:
News Release:
Ticker Symbols:
October 31-2018
18-24
ADZN–V, ADVZF-OTCQX, SRL–V
--- 1 ---
ADVENTUS AND SALAZAR ANNOUNCE ADDITIONAL 2018 DRILL RESULTS AT THE CURIPAMBA PROJECT,
INCLUDING 8.70 METRES OF 11.31% COPPER, 7.81 G/T GOLD, 6.57% ZINC, 90.9 G/T SILVER AND 0.44% LEAD
Toronto, October 31 , 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
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-300 intersected 21.10 metres of 5.49% copper, 3.94 g/t gold, 2.77% zinc, 42.3 g/t silver, and 0.19%
lead for 9.75% CuEq; including 8.70 metres of 11.31% copper, 7.81 g/t gold, 6.57% zinc, 90.9 g/t silver,
and 0.44% lead for 20.28% CuEq; and
• CURI-301 intersected 17.23 metres of 3.75% copper, 3.12 g/t gold, 3.32% zinc, 48.5 g/t silver, and 0.21%
lead for 7.75% CuEq.
El Domo Infill Drilling Results
The first phase of infill drilling 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. The
Partners have now completed the first phase of infill drilling within the higher-grade portion of the open- pit
constrained Mineral Resource with 8,587 metres drilled. An optimized Phase 2 infill drilling program is now in
progress for the remainder of the open-pit constrained Mineral Resource; which is anticipated to be completed
in late fourth quarter of 2018.
Drill hole CURI-300 intersected a gold-rich zone of fault-entrained massive sulphide mineralization from 64.35
to 69.00 metres for an approximate true thickness of 1.48 metres grading 1.74% copper, 10.93 g/t gold, 13.60%
zinc, 393.5 g/t silver, and 2.03% lead. Massive sulphide mineralization was then intersected from 69.00 to 90.10
metres for an approximate true thickness of 17.94 metres, grading 5.49% copper, 3.94 g/t gold, 2.77% zinc, 42.3
g/t silver, and 0.19% lead. A subset interval of massive sulphide mineralization con tains significantly higher-
grade from 69.00 to 77.70 metres, grading 11.31% copper, 7.81 g/t gold, 6.57% zinc, 90.9 g/t silver, and 0.44%
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-300 64.35 69.00 4.65 1.74 10.93 13.60 393.5 2.03 19.28 1.48
69.00 90.10 21.10 5.49 3.94 2.77 42.3 0.19 9.75 17.94
including 69.00 77.70 8.70 11.31 7.81 6.57 90.9 0.44 20.28 7.40
(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 -301 intersected massive to semi-massive sulphide mineralization occurs from 47.41 to 64.64
metres for a true thickness of 15.51 metres, grading 3.75% copper, 3.12 g/t gold, 3.32% zinc, 48.5 g/t silver, and
Date:
News Release:
Ticker Symbols:
October 31-2018
18-24
ADZN–V, ADVZF-OTCQX, SRL–V
--- 2 ---
0.21% lead. A subset interval of massive sulphide mineralization possesses significantly higher-grade from 47.41
to 50.12 metres, grading 9.21% copper, 11.91 g/t gold, 17.69% zinc, 220.6 g/t silver, and 1.21% 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-301 47.41 64.64 17.23 3.75 3.12 3.32 48.5 0.21 7.75 15.51
including 47.41 50.12 2.71 9.21 11.91 17.69 220.6 1.21 26.99 2.44
including 56.04 59.70 3.66 5.19 1.69 2.29 32.5 0.05 7.60 3.29
including 61.87 64.64 2.77 5.65 1.65 0.12 14.3 0.01 6.96 2.49
(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
CURI-302 intersected a fault -entrained portion of massive sulphide from 71.47 to 74.57 metres for a true
thickness of 2.95 metres, grading 0.50% copper, 3.39 g/t gold, 8.02% zinc, 82.0 g/t silver, and 0.96% lead at the
at between the hanging wall lapilli resedimented volcaniclastic rocks and footwall dacite autobreccia
volcaniclastic rocks. A subset of the faulted massive sulphide had higher grades from 72.60 to 73.74 metres,
grading 0.48% copper, 6.96 g/t gold, 18.65% zinc, 175.5 g/t silver, and 2.44% 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-302 71.47 74.57 3.10 0.50 3.39 8.02 82.0 0.96 7.16 2.95
including 72.60 73.74 1.14 0.48 6.96 18.65 175.5 2.44 15.26 1.08
(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
In CURI-303, a section of low-grade stockwork in the footwall dacite volcaniclastic rocks was intersected from
50.42 to 101.07 metres for a true thickness of 45.59 metres, grading 0.06% copper, 0.15 g/t gold, 0.76% zinc,
6.6 g/t silver, and 0.03 % lead. A subset possessed slightly higher grades from 50.42 to 72.00 metres , grading
0.09% copper, 0.20 g/t gold, 1.16% zinc, 11.2 g/t silver, and 0.05% 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-303 50.42 101.07 50.65 0.06 0.15 0.76 6.6 0.03 0.54 45.59
50.42 72.00 21.58 0.09 0.20 1.16 11.2 0.05 0.82 19.42
(2) 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-298, CURI-304, and CURI-305 intersected gold-rich grainstone above a highly pyritic, lower-grade
massive sulphide unit. CURI-306 did not intersect mineralized grainstone, however, did have massive sulphide
and semi-massive sulphide units separated by a zone of intense gypsum hydrothermal alteration. Results for
these drill holes is tabulated below.
Date:
News Release:
Ticker Symbols:
October 31-2018
18-24
ADZN–V, ADVZF-OTCQX, SRL–V
--- 3 ---
Drill Hole
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq(1)
(%)
Approx. True
Thickness (m)
CURI-298 75.10 78.48 3.38 0.57 0.98 0.47 16.3 0.09 1.62 3.21
115.27 125.17 9.90 0.65 0.34 0.19 5.6 0.02 1.02 9.41
CURI-304 92.43 97.17 4.74 0.58 3.10 2.59 57.7 0.42 4.44 4.03
102.67 115.00 12.33 0.50 1.30 0.10 7.7 0.00 1.49 10.48
CURI-305 102.84 113.75 10.91 0.71 2.78 2.64 63.0 0.28 4.38 10.36
113.75 115.70 1.95 0.59 1.46 2.24 26.8 0.18 2.81 1.85
119.78 123.00 3.22 0.06 0.91 0.03 5.9 0.00 0.75 3.06
CURI-306 133.61 191.10 1.36 1.28 0.35 0.26 8.4 0.02 1.71 1.29
(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 holes CURI-299 was designed to test the westerly limits of the known massive sulphide mineralization and
further assess the pit wall geology , and if there was low -grade stockwork below favo urable strata. These drill
holes all intersected favourable strata ; however, no semi -massive to massive sulphide mineralization was
intersected.
The locations of all drill holes referenced in this press release are shown on the Curipamba Project drill plan
map, which is available on the Adventus website.
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 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.
Infill drilling continues to yield intercepts of high-grade, copper- and gold-rich semi-massive to massive sulphide
mineralization within the o pen-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.
Date:
News Release:
Ticker Symbols:
October 31-2018
18-24
ADZN–V, ADVZF-OTCQX, SRL–V
--- 4 ---
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. 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
(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 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
For further information from Salazar, please contact [email protected].