Tier One Silver: Start of work on the Hurricane Silver Project in Peru


(PresseBox) (Vancouver, Canada) Tier 1 silver (TSXV: TSLV, OTCQB: TSLVF) (“Tier One” or the “Company” – https://www.commodity-tv.com/ondemand/companies/profil/tier-one-silver-inc/) is pleased to announce that the company has commenced surface exploration on its 31,503 acre Hurricane Silver project in the south Peru, about 66 kilometers (km) north of the city of Cusco (Figure 1). The Company has signed a two-year joint venture agreement that will provide surface access to the Magdalena silver district and half of the Pampayeoc silver district and allow drilling once final approval from the Peruvian Ministry of Energy and Mining (Figure 2). The Magdalena and Pampayeoc exploration areas are characterized by historic mining tunnels and numerous high-grade silver deposits, including the following chip sampling results collected by the previous operator: 1.4 meters (m) with 1,175 g / t silver, 2.1 meters with 792 g / t silver, 2.5 m 589 g / t silver and 14 m 100 g / t silver.

A message from Peter Dembicki, President, CEO & Director:

“We are very excited to start working at Hurricane Silver, a second major silver discovery opportunity in Peru. This project is still in the early stages, but, similar to Curibaya, has proven grades and thicknesses in several rock and chip samples – the characteristics of a potentially important system. “

“In Curibaya, we have completed our fifth hole and we plan to complete eight more holes by the end of the year. We look forward to a continued flow of drill results in the months ahead, in addition to additional surface results as we have not yet done so.” identified the limits of the silver system. Together, we believe that the Curibaya and Hurricane silver projects represent several world-class silver discovery opportunities. “

Exploration plan:

The property is considered to be severely under-explored due to the lack of systematic exploration on the Magdalena and Pampayeoc properties. The Company plans to conduct geological mapping and rock sampling focusing on the 1.5 km Magdalena Vein System to determine the grade and width of the exposed veins with additional soil sampling to determine the mineralized footprint beneath the ground and glacial cover determine. After this first round of surface work, ground based geophysical surveys will be conducted to clearly define drill targets for the Company to apply for a drilling permit in the first quarter of 2022.

Michael Henrichsen (Chief geologist), P.Geo is the QP who assumes responsibility for the technical content of this press release.


Peter Dembicki

President, CEO and Director

About Tier One

Tier 1 silver is an exploration company focused on exploring world class silver, gold and base metal occurrences in. create value for shareholders and stakeholders Peru. The company’s management and technical teams have a strong track record of raising capital, discovering and monetizing exploration successes. The company’s exploration facilities in Peru include: Hurricane Silver, Emilia, Coastal Batholith, Corisur and the flagship Curibaya project which has started its first drill program. More information is available at www.tieronesilver.com.

Warning about the historical gripper, Chip samples and related matters

The historical grave and chip samples from the Hurricane project were collected by Compania de Exploraciones Orion SAC (2007-2009), a Pembrook copper and have been included in a database obtained in connection with the transaction. Given the time interval, Tier 1 silver did not assess the validity of the QA / QC protocols that were followed in collecting these samples. Accordingly, readers are cautioned not to rely on the accuracy or repeatability of this sampling. The sampling is of very limited geological importance and is only used to develop a methodical exploration program with geochemical, geophysical and ultimately diamond core drilling. There is no known mineral resource of economic interest on the Hurricane Silver Project.

The historical grave and chip samples from the Hurricane Silver project were collected by Compania de Exploraciones Orion SAC (2007-2009). Tier One checked approximately 5% of the analytical data entries for the provided rock sample database with the signed PDF certificates of analysis from the years 2007, 2008 and 2009. No errors in the data entry were found. Tier One believes the rock database provided is of good quality.

Grab and Chip samples

Tier One conducted a three day field visit to visually confirm the presence of mineralized outcrops that had been reported in the past, completing the sampling. Approximately 3-5 kg ​​of material was collected and sent on for analysis. sent ALS laboratory in Lima, Peru for preparation and analysis. All samples were tested using a fire assay with a nominal weight of 30 g. Platinum and palladium were analyzed by ICP and MS (PGM-MS23); Gold was analyzed by ICP and AES finish (Au-ICP21), for samples with a content of more than 10 ppm from ICP21 the analysis was repeated with a fire assay with a nominal weight of 30 g with a gravimetric finish (Au-GRA21). Silver and base metals were analyzed as part of the multi-element package (ME-MS41) or except for traces in the 36-multi-element package (ME-ICP41 (-GRA21). If the MS41, ICP41 results were greater than 10,000 ppm Cu, 10,000 ppm Zn, 10,000 ppm Pb, or 100 ppm Ag, the test was stopped with an AA-terminated aqua regia digestion (Cu-AA46; Zn-AA46; Pb-AA46; Ag-AA46 or).

Forward-looking information and general warnings

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”) that relate to the company’s current expectations and beliefs about future events. Any statements that express or discuss expectations, beliefs, plans, goals, assumptions or future events or performance (often, but not always, through the use of words or expressions such as “will likely result,” “are expected to.” “,” expects “,” continues “,” is expected “,” anticipated “,” believes “,” estimated “,” intends “,” plans “,” forecast “,” forecast “,” strategy “,” objective. ” “and” Prospects “) are not historical facts and may be forward-looking statements and involve estimates, assumptions and uncertainties that could cause actual results or results 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 one should not place undue reliance on such forward-looking statements in this press release apply only as of the date of this press release. In particular, and without limitation, this press release contains forward-looking statements regarding the company’s exploration plans.

Neither that TSX Venture Exchange nor its regulatory service provider (as this term is used in the guidelines of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


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