Tier One Silver Obtains Community Agreement for Copper-Nickel Prospects at Hurricane Silver Project
Tier One Silver Obtains Community Agreement for Copper-Nickel Prospects
at Hurricane Silver Project
Vancouver, Canada – May 19, 2022 – Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF) (“Tier One” or the
“Company”) is pleased to announce that it has gained additional social access at the Hurricane Silver
project, located approximately 65 kilometres (km) north of the city of Cusco. A social agreement has
been signed with the Hualla community, which will allow for exploration of the Ñañohuayco, San
Cipriano and Morro Culispata copper -nickel-platinum-palladium-silver prospects (Figure 1). The
agreement is valid for two years and allows the Company to conduct surface work as well as drilling
once a drill permit has been obtained from the Peruvian Ministry of Energy and Mines. Historical
work at the Ñañohuayco and San Cipriano prospects included surface sampling, ground -based
geophysical surveys and initial drill tests by the previous operator from 2009 – 2010. The 10-hole
1,061 metre (m) historical drill program at Ñañohuayco included 14 m of 2.59% copper, 0.62%
nickel, 311 g/t cobalt, 0.3 g/t platinum and 0.55 g/t palladium (Figures 2 – 3).
A Message from Peter Dembicki, President, CEO & Director:
“Access to Ñañohuayco allows us to begin exploration at a high priority target at our Hurricane Silver
project. The historical intercepts from the target demonstrate significant grade, and there has been
minimal exploration, so we look forward to following up. Over the coming months we will work to
further define targets at Hurricane Silver as we get ready to resume drilling at Curibaya.”
Geological and Historical Exploration Overview:
Geologically, the copper-nickel-platinum-palladium magmatic sulphide mineralization observed at
the Hurricane Silver project is associated with Permo -Triassic rifting and the emplacement of
ultramafic intrusives within the Pisco-Albancay deflection of southern Peru. The district was initially
assembled based on the results of a high -quality stream sediment survey underta ken in 2007 –
2009, when anomalous copper, nickel, platinum and palladium drainage values were identified
(Figures 4 – 5).
The northern region of the Hurricane Silver district, where social access has been obtained, is
characterized by the Ñañohuayco, San Cipriano and Morro Culispata copper -nickel-platinum-
palladium occurrences. Limited surface work has been conducted in these areas, with rock chip and
channel sampling demonstrating the high -grade potential of the mineralized systems. Highlights
from historical channel sampling at Ñañohuayco include 14 m of 4.69% copper and 0.51% nickel,
18 m of 3.28% copper and 0.50% nickel and 10 m of 3.35% copper and 0.61% nickel (Figure 6).
Highlights from channel sampling at Morro Culispata include 8 m of 2.17% copper and 0.3% nickel
and 2 m of 3.74% copper and 0. 47% nickel (Figure 6). Table 1 below presents highlights from
historical channel sampling.
Table 1 Historical Channel Sampling:
Area Trench ID Length
(m)
Cu
(%)
Ni
(%)
Co
(g/t)
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
Ag
(g/t)
Ñañohuayco
NANT-12 14 4.69 0.51 241 0.49 0.90 0.36 15.6
NANT-11 18 3.28 0.50 215 0.57 1.00 0.38 16.5
NANT-10-1 10 3.35 0.61 280 0.34 0.53 0.23 11.6
NANT-10-2 11 2.03 0.56 219 0.24 0.25 0.13 9.7
NANT-03 12 1.86 0.55 230 0.30 0.51 0.12 8.3
NANT-05 8 2.88 0.31 105 0.31 0.56 0.19 11.1
NANT-06 8 2.77 0.33 145 0.26 0.58 0.18 10.0
NANT-13 10 2.61 0.42 146 0.20 0.27 0.13 9.0
NANT-09-1 14 1.66 0.55 220 0.29 0.41 0.21 10.1
NANT-09-2 5 2.24 0.45 232 0.33 0.41 0.20 8.3
NANT-01 19 1.00 0.58 290 0.15 0.19 0.05 3.9
NANT-02 8 1.31 0.41 210 0.17 0.94 0.07 6.2
NANT-04 16 1.79 0.39 142 0.28 0.46 0.21 8.8
NANT-07 7 1.73 0.31 129 0.21 0.30 0.12 8.1
NANT-08 6 1.39 0.34 139 0.20 0.38 0.15 8.5
NANT-14 6 1.53 0.22 113 0.14 0.16 0.09 6.1
Morro
Culispata
xCul-01 8 2.17 0.30 156 0.05 0.04 0.04 3.4
xCul-05 2 3.74 0.47 459 0.02 0.03 0.03 4.8
xCul-03 6 0.61 0.39 294 0.02 0.02 0.02 1.6
xCul-06 2 3.81 0.12 69 0.03 0.03 0.03 6.0
xCul-02 10 0.61 0.28 151 0.02 0.02 0.03 2.7
xCul-04 8 0.67 0.21 120 0.03 0.02 0.04 2.8
The first-pass drill programs at Ñañohuayco and San Cipriano totaled 10 drill holes over 1,061 m
and 11 holes over 1,722 m, respectively. These historical drill programs targeted flat lying ultramafic
sills with highlighted results listed below in Table s 2 and 3. Importantly, at both Ñañohuayco and
San Cipriano there are untested chargeability and conductivity anomalies that the Company’s
technical team believe s have the potential to correspond to copper -nickel-platinum-palladium
magmatic sulphide style of mineralization.
Table 2 Historical Drill Results, Ñañohuayco prospect:
Hole ID From
(m)
To
(m)
Interval
(m) Cu(%) Ni (%) Co (g/t) Pt (g/t) Pd (g/t) Au (g/t)
ÑAÑO-01 0 14 14 2.59 0.62 311 0.30 0.55 0.24
ÑAÑO-02 0 12 12 2.61 0.59 278 0.33 0.57 0.23
ÑAÑO-03 0 12 12 1.67 0.26 149 0.22 0.54 0.19
ÑAÑO-04 2.3 8.3 6 1.16 0.35 192 0.09 0.22 0.07
ÑAÑO-05 0 18 18 1.12 0.30 181 0.14 0.26 0.11
ÑAÑO-06 0 7.5 7.5 1.66 0.40 162 0.20 0.39 0.11
Table 3 Historical Drill Results, San Cipriano prospect:
Hole ID From (m) To (m) Interval (m) Cu(%) Ag (g/t) Pt (g/t) Pd (g/t) Au (g/t)
SCI-06 0 5.7 5.7 0.22 69.5 2.54 1.52 1.69
Exploration Plan Phase 1:
The Company will look to expand on the positive historical exploration work at the Ñañohuayco,
San Cipriano and Morro Culispata prospects and to evaluate new target areas through geological
mapping, soil sampling, rock and channel sampling and additional ground -based geophysical
surveys. The Company’s goal is to identify the ultramafic source areas to the mineralized sub -
horizontal sills that have been identified historically.
Figure 1: Illustrates the area of the social agreement with the Hualla community that will allow for exploration of the Ñañohuayco, San
Cipriano and Morro Culispata copper-nickel-platinum-palladium prospects.
Figure 2: Includes images of historical drill core from the Ñañohuayco prospect with an intercept of 14 m of 2.59% copper, 0.62% nickel,
311 g/t cobalt, 0.3 g/t platinum and 0.55 g/t palladium.
Figure 3: Illustrates the historical ten-hole drill program at the Ñañohuayco prospect with highlighted results.
Figure 4: Illustrates anomalous copper and nickel drainage basins based upon a high -quality stream sediment survey conducted between
2007 and 2009.
Figure 5: Illustrates anomalous platinum and palladium drainage basins based upon a high -quality stream sediment survey conducted
between 2007 and 2009.