Golden Tag Files NI 43-101 Technical Report on Mineral Resources for La Parrilla Silver Mine Complex
Golden Tag Files NI 43-101 Technical Report
on Mineral Resources for La Parrilla Silver
Mine Complex
Toronto, Ontario--(Newsfile Corp. - August 22, 2023) - Golden Tag Resources Ltd. (TSXV: GOG)
(OTCQB: GTAGF) (FSE: GTD)
("
Golden Tag
" or the "
Company
") is pleased to announce that the
Company has filed a technical report in accordance with National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("Technical Report") to update the mineral resource estimate on its
100% owned La Parrilla Project ("Project"), located 76 kilometres ("km") southeast of Durango, Mexico.
The Technical Report entitled "Independent Technical Report for the La Parrilla Silver Mine, Durango
State, Mexico" with an effective date of May 31, 2023 is available for review on SEDAR
(
www.sedarplus.ca
) and on the Corporation's website (
www.goldentag.ca
). A summary of the Technical
Report was detailed in a news release dated August 14, 2023 entitled "Golden Tag Announces Mineral
Resource Estimate for La Parrilla Silver Mine Complex."
The Technical Report was prepared by Dr. David Machuca-Mory, PEng, of SRK Consulting (Canada)
Inc., a deemed "Qualified Person" under NI 43-101.
About Golden Tag Resources
Golden Tag Resources Ltd. is focused on advanced stage silver projects located in Durango, Mexico.
Golden Tag recently completed the acquisition of the La Parrilla Silver Mine Complex, a prolific complex
which is comprised of five underground mines and a past producing open pit that collectively produced
34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds the San Diego
Project which is among the largest undeveloped silver assets in Mexico. For more information regarding
the Company and its projects, please visit our website at
www.goldentag.ca
.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: 416-504-2024
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements:
Certain statements in this news release are forward-looking and involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning of the phrase 'forward-looking
information' in the Canadian Securities Administrators' National Instrument 51-102 - Continuous
Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-
looking statements include estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or management and Qualified
Persons (in the case of technical and scientific information) expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are based on information currently
available to the Company, the Company provides no assurance that actual results will meet
management's expectations. Risks, uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking information. Forward-looking
information in this news release includes, but is not limited to, the estimated Mineral Resources of La
Parrilla, the future exploration performance thereof.
In making the forward-looking statements included in this news release, the Company and Qualified
Persons (in the case of technical and scientific information) has applied several material
assumptions, including that the Company's financial condition and development plans do not change
because of unforeseen events, that future metal prices and the demand and market outlook for metals
will remain stable or improve, management's ability to execute its business strategy and no
unexpected or adverse regulatory changes with respect to the Transaction or La Parrilla. Forward-
looking statements and information are subject to various known and unknown risks and uncertainties,
many of which are beyond the ability of the Company to control or predict, that may cause the
Company's actual results, performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on assumptions about such risks,
uncertainties and other factors set out herein, including, but not limited to, there being no assurance
that the Company's future exploration programs will grow the Mineral Resource base or upgrade
Mineral Resource confidence, the risk that the assumptions referred to above prove not to be valid or
reliable, market conditions and volatility and global economic conditions including increased volatility
and potentially negative capital raising conditions resulting from the continued or escalation of the
COVID-19 pandemic, risk of delay and/or cessation in planned work or changes in the Company's
financial condition and development plans; risks associated with the interpretation of data (including
in respect of third party mineralized material) regarding the geology, grade and continuity of mineral
deposits, the uncertainty of the geology, grade and continuity of mineral deposits and the risk of
unexpected variations in Mineral Resources, grade and/or recovery rates; risks related to gold, silver
and other commodity price fluctuations; employee relations; relationships with and claims by local
communities and indigenous populations; availability and increasing costs associated with mining
inputs and labour, the speculative nature of mineral exploration and development, including the risks
of obtaining necessary licenses and permits and the presence of laws and regulations that may
impose restrictions on mining, including the Mexican mining reforms; risks relating to environmental
regulation and liability; the possibility that results will not be consistent with the Company's
expectations.
Such forward-looking information represents managements and Qualified Persons (in the case of
technical and scientific information) best judgment based on information currently available. No
forward-looking statement can be guaranteed, and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on forward-looking statements or
information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/178030