Silver Wolf Receives Drill Permit FOR the “El Soldado” Claim at the Ana Maria Project
SWLF: TSX.V SWLFF: OTCQB
Silver Wolf Exploration Ltd. T (604) 682 3701
Suite 900-570 Granville Street F (604) 682 3600
Vancouver, BC V6C 3P1 www.silverwolfexploration.com
November 2, 2023
SILVER WOLF RECEIVES DRILL PERMIT FOR THE “EL SOLDADO” CLAIM
AT THE ANA MARIA PROJECT
VANCOUVER, BC, November 2, 2023: Silver Wolf Exploration Ltd. (OTCQB: SWLFF) (TSX-V: SWLF) (“Silver Wolf” or
the “Company”) is thrilled to report the exploration diamond drilling permit for the southern, “El Soldado” claim
at Ana Maria has been received from the Secretariat of Environment and Natural Resources, SEMARNAT. Permits
for the central “La Recompensa” claim remain in process, as the application for the exploration permit associated
with this claim was submitted approximately 6 weeks after the southern El Soldado claim permit application.
“Our patience has been rewarded,” said Peter Latta, President. “I’d like to thank our permitting team who worked
diligently on our application . We look forward to kick starting our inaugural drill program at the southern claim
which is our first priority drill target. Our team has assembled a drill program for up to 4,800 metres over 16 holes.
Finally, we continue to remain patient for the receipt of the permit for the La Recompensa claim and will update
the market when the time comes.”
Sampling Results from Initial Geological work
The Company has previously reported g eochemical sampling which totaled 1,010 samples , with both La
Recompensa and El Soldado properties returning several significant sampling grades throughout the year .
Highlights included 37.0 g/t gold and 7.6% zinc over 0.7m reported in our news release dated January 18, 2022,
and from a channel sample at the outcropping skarn structure at the La Recompensa claim in our news release
dated August 9, 2022 with 1,536 g/t of silver, 34.0% lead and 19.4% zinc sampled at the El Soldado Claim. Full
results available on our website found news release page found at this link.
News Release
News Release – November 2, 2023
Silver Wolf Receives Drill Permit for the “El Solidado” Claim at the Ana Maria Property
Page 2
Outlook for the Remainder of 2023
As mentioned above t he first priority for exploration drilling is at El Soldado, the southern claim block . These
claims are located in an area that is prolific for carbonate replacement deposits (CRDs) which are typically high
grade, and the work from our program has shown high grade values and geological hallmarks that suggest a CRD
may be present.
This claim is hosted by the Cretaceous Aurora limestone formation. It has been observed that Ag -Pb-Zn
mineralization has a preferred linear orientation along a NW -SE trend. Mineralization is hosted in recrystallized
limestone associated with a system of mantos and breccias with thicknesses ranging from 15 to 50 cm, and the
presence of fine-grained black sulfides. Mineralized breccias contain sulfide clasts of 0.5 to 1 cm size with presence
of abundant calcite veins and oxides such as hematite and jarosite. Common hydrothermal minerals also include
calcite, siderite, manganese, and quartz. The orientation of mineralized breccia bodies is controlled by NW-SE and
NE-SW structures with inclinations ranging from 55° to 75°. The folding of the limestone units is i nterpreted to
control the location of mineralization.
Qualified Person
Dr. Honza Catchpole P. Geo. is a “qualified person” as defined by National Instrument 43 -101 and has approved
the scientific and technical disclosure in this news release.
About Silver Wolf
Silver Wolf is an exploration company focused on exploring high potential projects in prime silver and gold regions
of Mexico including the Ana Maria and El Laberinto properties. The Ana Maria claims are located 21 kilometres
(km) northwest of the City of Gómez Palacio and the adjacent City of Torreón. The property consists of 9 mining
concessions encompassing 2,549 hectares (ha). The claims are located in a well -known are that is prolific for
carbonate replacement deposits (CRDs) in the vicinity of many active or historic mining operations. The Company
has operational synergies with Avino Silver & Gold Mines Ltd. and shares many years of combined experience in
exploration, development and production. In addition, Silver Wolf has an experienced geological fi eld team who
have worked on similar projects with a demonstrated understanding of the jurisdiction and local communities.
For further information please contact Silver Wolf Exploration Ltd. at ph. (604) 682 -3701 or visit our website at
www.silverwolfexploration.com.
The management team at Silver Wolf welcomes the opportunity to connect with investors and answer questions.
Connect with us on X (formerly Twitter) @SWLFexploration and on LinkedIn at Silver Wolf Exploration Ltd.
ON BEHALF OF THE BOARD
"Peter Latta"
_________________________________
Peter Latta
President
Cautionary Note
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements
relate to information that is based on numerous assumptions and involve known and unknown risks, uncertainties and other factors, including risks inherent
in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from
any projected future results, performance, or achi evements expressed or implied by such forward -looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals;
and the uncertainties surrounding the mineral exploration ind ustry. Such information contained herein represents management’s best judgment as of the
date hereof based on information currently available. The Company does not assume an obligation to update any forward-looking statement. 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.