Zacatecas Silver Announces Resignation of Director
Zacatecas Silver Announces Resignation of Director
Vancouver, BC – October 9, 202 4. Zacatecas Silver Corp. (“Zacatecas Silver” or the “Company”,
ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) announces the resignation of Mr. Luis Chavez
as a director of the Company, effective immediately, due to personal reasons. Mr. Chavez has held
this position on the board of directors since 2022. The board of directors and management thank Mr.
Chavez for his service. The Company was fortunate to ha ve benefited from Mr. Chavez’s years of
Mexican mining industry experience.
About Zacatecas Silver Corp.
The Company has two key projects. The Esperanza Gold Project in Morelos State, Mexico and the
Zacatecas Silver Project in Zacatecas State, Mexico.
Esperanza is an advanced stage, attractive low -cost, low -capital-intensity and low -technical-risk
growth project located in Morelos state, Mexico. Alamos has progressed the project through
advanced engineering, including metallurgical work, while also focusing on stakeholder engagement,
including building community relations. The Company announced a Mineral Resource Estimate at
Esperanza consisting of a M easured and Indicated Mineral Resource Estimate of 30.5 million tonnes
at 0.97 g/t AuEq for 95 6 thousand ounces AuEq and an Inferred Mineral Resource estimate of 8.7
million tonnes at 0.98 g/t AuEq for 277 thousand ounces AuEq (see news release dated November 16,
2022).
The Zacatecas Silver Project is located in Zacatecas state, Mexico, within the highly prospective
Fresnillo silver belt, which has produced over 6.2 billion ounces of silver. The Company holds 7,826
hectares (19,338 acres) of ground that is highly prospective for low -sulphidation and intermediate -
sulphidation silver base metal mineralization and potentially low -sulphidation gold -dominant
mineralization. The Company announced a Mineral Resource Estimate at the Panuco Deposit
consisting of 2.7 million tonnes at 187 grams per tonne (g/t) silver equivalent (AgEq) (171 g/t silver
(Ag) and 0.17 g/t gold (Au)) for 16.4 million ounces AgEq (15 million ounces silver and 15,000 ounces
gold) (see news release dated December 14, 2021).
The property is 25 kilometres (km) southeast of MAG Silver Corp.'s Juanicipio Mine and Fresnillo
PLC's Fresnillo Mine. The Property shares common boundaries with Pan American Silver Corp. claims
and El Orito, which is owned by Endeavour Silver.
On behalf of the Company
Bryan Slusarchuk
Chief Executive Officer and Director
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management’s current
estimates, beliefs, intentions and expectations. They are not gu arantees of future performance.
Zacatecas Silver cautions that all forward looking statements are inherently uncertain and that actual
performance may be affected by many material factors, many of which are beyond their respective
control. Such factors include, among other things: risks and uncertainties relating to Zacatecas Silver’s
limited operating history, its proposed exploration and development activities on is Zacatecas
Properties and the need to comply with environmental and governmental regulation s. Accordingly,
actual and future events, conditions and results may differ materially from the estimates, beliefs,
intentions and expectations expressed or implied in the forward -looking information. Except as
required under applicable securities legislation, Zacatecas Silver does not undertake to publicly update
or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Adam Ross, Investor Relations, Direct: (604) 229-9445, Toll Free: 1(833) 923-
3334, Email: [email protected]