Tier One Silver Channel Samples 6 Metres of 375.1 g/t AgEq and 4 Metres of 441.7 g/t AgEq at the Hurricane Silver Project
Tier One Silver Channel Samples 6 Metres of 375.1 g/t AgEq and 4 Metres
of 441.7 g/t AgEq at the Hurricane Silver Project
Vancouver, Canada – December 9, 2021 – Tier One Silver (TSXV: TSLV, OTCQB: TSLVF) (“Tier
One” or the “Company”) is pleased to announce results from its reconnaissance channel sampling
program at the Hurricane Silver project in southern Peru. The program was conducted at the
Magdalena and Pampayeoc targets and focused on partially exposed silver -base metal vein
corridors hosted in Ordovician siltstones of the San José Group . A total of five mineralized vein
corridors were identified, with highlights including 6 metres (m) of 375.1 g/t silver equivalent (AgEq),
4 m of 441.7 g/t AgEq and 1 m of 860.4 g/t AgEq. Table 1 below summarizes results from the initial
15 channel samples taken on the project.
A Message from Peter Dembicki, President, CEO & Director:
“Initial channel sampling results from Hurricane Silver provide a key catalyst for this project, as we
see both width and grade across outcropping veins . We are looking forward to rapidly advancing
our exploration efforts at the project, as we believe we are identifying a second major opportunity
for world-class silver discovery in Peru.”
Table 1: Hurricane Silver Channel Sampling Results
Sample ID From
(m)
To
(m)
Length
(m)
AgEQ
(g/t)
Ag
(g/t)
Cu
(g/t)
Pb
(%)
Zn
(%)
21HRT-01 1 4 3 106.5 77.1 0.16 0.27 0.07
Incl. 3 4 1 257.0 191 0.35 0.68 0.14
21HRT-02 3 8 5 154.4 123.2 0.12 0.38 0.11
Incl. 3 6 3 245.8 199.1 0.19 0.57 0.14
21HRT-03 No significant results
21HRT-04 1 5 4 147.1 119.6 0.09 0.35 0.12
Incl. 1 2 1 419.9 362 0.18 0.83 0.19
21HRT-05 No significant results
21HRT-06 No significant results
21HRT-07 No significant results
21HRT-08 0 6 6 133.3 67.2 0.62 0.06 0.10
21HRT-09 No significant results
21HRT-10 0 6 6 375.1 239.4 1.21 0.34 0.15
21HRT-11 2 5 3 65.9 37.5 0.06 0.38 0.18
21HRT-12 1 2 1 396.5 346.0 0.06 1.04 0.12
21HRT-13 2 3 1 860.4 605.0 0.26 5.79 0.21
21HRT-14 1 5 4 441.7 234.7 1.98 0.13 0.29
21HRT-15 No significant results
Main intervals - AgEq (Ag,Cu,Pb,Zn) at 25 ppm (minimum 5 m, max consecutive dilution 6 m)
Sub-intervals - AgEq (Ag,Cu,Pb,Zn) at 75 ppm (minimum 1 m, max consecutive dilution 2 m)
Metal price used for Eq calculations: Ag $18/oz, Cu $2.5/lb, Pb $1/lb, Zn $1.25/lb
A Message from Dave Smithson, SVP of Exploration:
“The identification of widespread silver and base metal mineralization in multiple shear zones at
the Magdalena and Pampayeoc targets, and confirmation of high-grade, is a major step forward at
this very early stage of exploration. The results not only highlight the potential of these vein
corridors to host a major silver -base metal discovery, but re -emphasize the prospective nature of
the Hurricane Silver land position. We are excited to begin gathering geophysical data to gain a
better understand ing of the potential of these structures to host hidden metal lodes for drill
testing.“
Magdalena Target:
The Magdalena silver -base metal veins are hosted in four parallel shear zones occurring over an
area of 1.2 kilometres (km) by 800 m (Figure 1). The four east-west oriented vein trends are marked
by small outcrops, pits, adits and shafts in an otherwise extensiv ely soil covered terrain (Figure 1).
Six channel samples were completed on the northernmost vein trend , which varies in width
between 2 m and 5 m, and has a strike length of 1.2 km. The three best channel samples on the
structure highlight an 800 m long section of veins that returned 5 m of 154.4 g/t AgEq , 4 m of
147.1g/t AgEq and 3 m of 106.5 g/t AgEq.
In the central area of the outcropping veins , two distinct corridors were observed with widths
between 1 m and 6 m. In this area, silver-base metal veins returned channel sample results of 6 m
of 375.1g/t AgEq and 6 m of 133.3 g/t AgEq in an area where the veins outcrop for a 60 m strike
length. In addition , the second vein corridor returned channel sample results of 1 m of 396 .5 g/t
AgEq and 3 m of 65.9 g/t AgEq. The southernmost outcropping vein channel sampled in this
reconnaissance program returned a result of 1 m of 860.4 g/t AgEq. Based on the orientation and
vertical nature of the veins channel sampled, Tier One’s technical team believes all channel sample
intercepts at the Magd alena target are within 90% of true width , with the exception of trench 10,
which was mostly sampled along strike due to topographic constraints in the field. In addition,
based on the extensive soil cover at the Magdalena target area, Tier One’s technical team believes
that additional silver-base metal veins will be found through geochemical soil surveys, channel
sampling and additional surface mapping.
Pampayeoc Target:
The Pampayeoc silver-base metal vein corridor is located 4.2 km west-northwest of the Magdalena
target. The veins are similar in nature to the Magd alena veins and represents the fifth mineralized
silver-base metal orogenic vein corridor identified to -date on this part of the property. In the field ,
the veins are marked by small outcrops, shallow pits, shafts and adits exposed through extensive
soil cover. The vein corridor varies in width from 1 m to 4 m and has a strike length of 400 m. The
best channel sample from this area returned 4 m of 441.7 g/t AgEq, which Tier One’s technical team
believes is 90% true width.
Plans for Additional Exploration:
The results from trenches 1-15 demonstrate that significant precious metal mineralization is
occurring over large areas at the Magdalena and Pampayeoc targets. The identification of multiple
shear zones and confirmation of high -grade is a major advancement in the Company’s
understanding of the vein system. Tier One plans to continue evaluating the se target zones with
systematic mapping, soil and rock and sampling through Q1 2022, with the goal of advancing to
geophysics for drill target definition.
Figure 1: Illustrates channel sampling results and photos from the reconnaissance program at the Magdalena target at
the Hurricane Silver project in southern Peru.
Michael Henrichsen (Chief Geologist), P.Geo is the QP who assumes responsibility for the technical
contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki
President, CEO and Director
For further information on Tier One Silver Inc., please contact Natasha Frakes, Vice President of
Communications at (778) 729-0600 or [email protected].
About Tier One
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the
discovery of world-class silver, gold and base metal deposits in Peru. The Company’s management and technical teams
have a strong track record in raising capital, discovery and monetization of exploration success. The Company’s
exploration assets in Peru include: Hurricane Silver, Coastal Batholith, Corisur and the flagship project, Curibaya. For more
information, visit www.tieronesilver.com.
Channel Sampling – Hurricane Silver
Analytical samples were taken from each 1-metre interval of channel floor resulting in approximately 2-4 kg of rock chips
material per sample. Collected samples were sent to ALS Lab in Lima, Peru for preparation and analysis. All samples are
assayed for gold, platinum and palladium using 30 g nominal weight fire assay with ICP -AES finish method (PGM-ICP27)
and for multi -element using four acid digest ICP -AES/ICP-MS method (ME-MS61). Where MS61 results were greater or
near 10,000 ppm Cu, 10,000 ppm Pb, 10,000 ppm Zn or 100 ppm Ag the assays were repeated with ore grade four acid
digest method (Cu, Pb, Zn, Ag-OG62). QA/QC programs for 2021 channel samples at Hurricane Silver using internal
standard and blank samples; field and lab duplicates indicate good overall accuracy and precision.
Silver equivalent grades (AgE q) were calculated using a silver price of US$18/oz, copper price of US$2.5/lb, zinc price of
US$1.25/lb and lead price of US$1.00/lb. Metallurgical recoveries were not applied to the silver equivalent calculation.
Intercepts were calculated with no less than 5 m of >= 25 g/t AgEq with maximum allowed consecutive dilution of 6 m.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian
securities legislation (coll ectively, “forward-looking statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or perfo rmance (often, but not always, through the use of words or phrases such as “will
likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “int ends”,
“plans”, “forecast”, “projection”, “strateg y”, “objective” and “outlook”) are not historical facts and may be forward -looking
statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to
differ materially from those expressed in such forward -looking statements. No assurance can be given that these
expectations will prove to be correct and such forward -looking statements included in this news release should not be
unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation,
this news release contains forward-looking statements regarding the Company’s exploration plans.
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 release.