Americas Silver Corporation Provides an Exploration Update ON Its Cosala Operations Property
AMERICAS SILVER CORPORATION PROVIDES AN EXPLORATION UPDATE ON ITS COSALA OPERATIONS
PROPERTY
TORONTO, ONTARIO —Aug 24, 2017—Americas Silver Corporation (TSX: USA) (NYSE “MKT ”: USAS)
(“Americas Silver” or the “Company”) is pleased to announce initial results from recent exploration drilling
on its 100% owned Zone 120 deposit, adjacent to the San Rafael development project, part of the Cosalá
Operations property in Sinaloa, Mexico.
Highlights of the program include:
Step‐out hole SR‐396 with 61.4 meters grading 306g/t Ag, 0.23g/t Au and 0.79% Cu (412g/t AgEq)
including 5.9 meters of 932g/t Ag, 0.82g/t Au and 1.94% Cu (1,2 13g/t AgEq) plus another interval
of 9.4 meters grading 479g/t Ag, 0.29g/t Au and 1.07% Cu (622g/t AgEq)
Step‐out hole SR‐401 with 39.6 meters grading 205g/t Ag, 0.28g/t Au and 0.53% Cu (289g/t AgEq)
including 11.4 meters of 473g/t Ag, 0.68g/t Au and 1.20% Cu (659g/t AgEq)
Infill hole SR‐391 with 22.8 1 meters grading 138g/t Ag, 0.22g /t Au and 0.37% Cu (196g/t AgEq 2)
including 4.0 meters of 460g/t Ag, 0.20g/t Au and 0.88% Cu (575g/t AgEq)
Infill hole SR‐392 with 18.1 meters grading 113g/t Ag, 0.08g/t Au and 0.17% Cu (138g/t AgEq)
“We are very encouraged by the initial success of this drilling ,” said Darren Blasutti, President & CEO of
Americas Silver Corporation. “Not only did the infill drilling increase the confidence of the existing resource
at Zone 120, but the step out dr illing to the southern extensio n confirms our geologists view of a larger,
more robust system which could extend to the El Cajón deposit.”
2017 Cosalá Exploration Program
Exploration drilling resumed at the Cosalá Operations property for the first time since 2014. Starting in
April, an initial eight hole, 4,000 meter diamond drill program at Zone 120 was focused on upgrading the
existing resource3 as well as expanding the footprint of mineralization to the so utheast. Following up on
the success of step‐out hole S R‐396, the Company drilled an add itional 2,000 meters in four holes to test
continuity of the mineralization. Detailed exploration results from the drill program can be found on the
Company’s website at americassilvercorp.com. Assays from hole SR‐402 are still pending.
Hole From
(m)
To
(m)
Interval
(m)
True Width
(m)
Ag
(g/t)
Au
(g/t)
Cu
(%)
Ag Eq
(g/t)
SR‐391 41.5 63.0 21.5 20.0 107 0.44 0.20 162
Including 49.8 55. 0 5 . 2 4.8 237 0.91 0.34 341
SR‐391 96.2 100.1 4.0 3.7 175 2.12 1.40 488
SR‐391 115.6 140.1 24.6 22.8 138 0.22 0.37 196
Including 117. 0 121.3 4.3 4.0 460 0 . 2 0 0.88 575
SR‐391 151.2 172.4 21.3 19.8 127 0.10 0.35 173
Including 165.8 170. 0 4.2 3.9 285 0.23 0.75 387
SR‐392 78.0 97.0 19.0 18.1 113 0.08 0.17 138
SR‐392 109.7 122.6 13.0 12.3 110 0.13 0.25 148
1 True width
2 Silver equivalent (AgEq) grade is calculated using prices of $16.00/oz Ag, $1200/oz Au and $2.50/lb Cu.
3 December 31, 2016 estimate reported at Measured and Indicated resources of 1.8 million tonnes grading 128g/t Ag and 0.35% Cu
(7.3Moz Ag and 13.7Mlbs Cu contained).
Including 118. 6 121.9 3.3 3.1 221 0.21 0.6 6 311
SR‐393 7.0 25.0 18.0 6.4 1083 0.54 0.04 1126
SR‐393 27.9 43.1 15.2 5.3 86 0.37 0.16 131
SR‐393 117.0 121.8 4.8 4.4 130 0.43 0.36 202
SR‐393 130.6 134.5 3.9 3.6 112 0.15 0.67 200
SR‐393 148.7 154.0 5.3 4.9 151 0.13 0.37 203
SR‐395 221.7 243.3 21.6 20.7 73 0.11 0.21 104
SR‐396 308.0 317.4 9.4 9.4 79 0.04 0.19 105
SR‐396 368.1 429.5 61.4 61.4 306 0.23 0.79 412
Including 387.5 393.4 5.9 5.9 932 0.82 1.94 1213
Including 406.7 416.1 9.4 9.4 479 0.29 1.07 621
SR‐400 268.0 273.6 5.6 4.7 182 0.22 0.50 256
SR‐400 277.6 291.0 13.4 11.2 87 0.07 0.19 114
SR‐400 297.4 306.6 9.2 7.7 111 0.09 0.23 144
SR‐400 378.0 396.3 18.3 15.3 88 0.14 0.11 111
SR‐400 411.3 418.6 7.2 6.0 133 0.51 0.09 181
SR‐401 275.7 315.3 39.6 39.6 205 0.33 0.53 289
Including 303.9 315.3 11.4 11.4 473 0.68 1.2 0 659
SR‐401 327.5 351.9 24.4 24.4 190 0.28 0.53 271
Including 344.5 349. 0 4.5 4.5 535 0.8 0 1.52 76 6
Silver‐copper mineralization is hosted in limestone adjacent to a large intrusive and related dikes which
underlies most of the area shown in the map above, including th e approximately 500 meter unexplored
gap between Zone 120 and El Cajón. Mineralization occurs in discreet horizons and lenses of tetrahedrite
and chalcopyrite localized in structural traps created by dikes and contact irregularities of the intrusive.
Additional drilling in 2017 is planned to extend and further define the mineralization as well as to support
e c o n o m i c a n d t e c h n i c a l s t u d i e s a i m e d a t e v a l u a t i n g p o t e n t i a l d evelopment scenarios. The potential
project will benefit from its close proximity to the San Rafael deposit, currently in development.
Drill core samples are prepared at the Company’s secure facilit y in Cosalá, Sinaloa. Assaying was done by
Chemex Labs in Hermosillo, Mexico. The Company has a QA/QC program supervised by a Qualified Person.
About Americas Silver Corporation
Americas Silver is a silver mining company focused on growth in precious metals from its existing asset
base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in
Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA. The Company has acquired an option on the
San Felipe development project in Sonora, Mexico.
Daren Dell, Chief Operating Officer and a Qualified Person under Canadian Securities Administrators
guidelines, has approved the applicable contents of this news r elease. For further information please see
SEDAR or americassilvercorp.com.
Cautionary Statement on Forward‐Looking Information:
This news release contains “forward‐looking information” within the meaning of applicable securities laws.
Forward‐looking information includes, but is not limited to, the Company’s expectations intentions, plans,
assumptions and beliefs with respect to, among other things, th e realization of exploration, operational
and development plans (including the successful completion of t he San Rafael Project and further
exploration and development of Zone 120), the Cosalá Operations and Galena Complex as well as the
Company’s financing efforts. Often, but not always, forward‐looking information can be identified by
forward‐looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intend”, “estimate”,
“may”, “assume” and “will” or similar words suggesting future o utcomes, or other expectations, beliefs,
plans, objectives, assumptions, intentions, or statements about future events or performance. Forward‐
looking information is based on the opinions and estimates of the Company as of the date such information
is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the
actual results, level of activit y, performance, or achievements of the Company to be materially different
from those expressed or implied by such forward looking informa tion. This includes the ability to develop
and operate the Cosalá and Galena properties, risks associated with the mining industry such as economic
factors (including future commodity prices, currency fluctuatio ns and energy prices), ground conditions
and factors other factors limiting mine access, failure of plan t, equipment, processes and transportation
services to operate as anticipat ed, environmental risks, govern ment regulation, actual results of current
exploration and production activities, possible variations in o re grade or recovery rates, permitting
timelines, capital expenditures, reclamation activities, social and political developments and other risks of
the mining industry. Although the Company has attempted to iden tify important factors that could cause
actual results to differ materially from those contained in forward‐looking information, there may be other
factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to
place undue reliance on such information. By its nature, forwar d‐looking information involves numerous
assumptions, inherent risks and uncertainties, both general and specific that contribute to the possibility
that the predictions, forecasts, a n d p r o j e c t i o n s o f v a r i o u s f u tu r e e v e n t s w i l l n o t o c c u r . T h e C o m p a n y
undertakes no obligation to update publicly or otherwise revise any forward‐looking information whether
as a result of new information, future events or other such factors which affect this information, except as
required by law.
Cautionary Note to U.S. Investors:
The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”, “inferred
mineral resource” used in the press release are Canadian mining terms used in accordance with National
Instrument 43‐101 ‐ Standards of Disclosure for Mineral Projects under the guidelines set out in the
Canadian Institute of Mining, Metallurgy and Petroleum Standards. Mineral resources which are not
mineral reserves do not have demonstrated economic viability.
While the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”, and
“inferred mineral resource” are recognized and required by Canad i an r e g u l at ion s, t h e y ar e n ot d e f i ne d
terms under standards in the United States and normally are not permitted to be used in reports and
registration statements filed with the Securities & Exchange Commission (“SEC”). As such, information
contained in the Company's disclosure concerning descriptions of mineralization and resources under
Canadian standards may not be comparable to similar information made public by U.S companies in SEC
filings. With respect to “inferred mineral resource” there is a great amount of uncertainty as to their
existence and a great uncertainty as to their economic and lega l feasibility. It cannot be assumed that all
or any part of an “inferred mineral resource” will ever be upgr aded to a higher category. Investors are
cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted
into reserves.
For more information:
Darren Blasutti
President and CEO
416‐848‐9503