Mr. Peter Dembickireports
TIER ONE SILVER APPLIES FOR DRILL PERMIT FOR ADDITIONAL 200 DRILL HOLES AT CURIBAYA PROJECT
Tier One Silver Inc.has applied for an extension of its drill permit at the Curibaya project in southern Peru to include the Cambaya target, where the best channel sample results have been received to-date (see Oct. 14, 2021, news release). The target is located northeast of the previously defined mineralized footprint and current drill program.
The extended permit would allow the company to drill up to 200 holes from up to 20 new drill platforms, thereby increasing the total number of holes Tier One can drill at the Curibaya project to 240. Tier One anticipates its drill program at Cambaya to commence in Q2 2022, following the rainy season.
Peter Dembicki, president, chief executive officer and director of Tier One, commented: "The Curibaya project has advanced considerably over the past six months and increased our confidence in the potential for a world-class silver discovery. The work we have done has resulted in a larger footprint of high-grade silver mineralization, seen in rock samples as well as the recent channel samples from the Cambaya target.
"The expanded permit gives us the ability to follow-up on current targets as well as aggressively test several new targets being identified in the Cambaya area. The permits are anticipated to be received in Q2 of next year."
Michael Henrichsen, chief geologist, PGeo, is the qualified person who assumes responsibility for the technical contents of this press release.
About Tier One Silver Inc.
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 record in raising capital, discovery and monetization of exploration success. The company's exploration assets in Peru include: Hurricane Silver, Emilia, Coastal Batholith, Corisur and the flagship project, Curibaya, which has commenced its first drill program.
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