Oleblue
6月前
Tier One Silver Extends Community Partnership at Curibaya and Prepares for Next Phase of Drilling and Exploration
December 16, 2025
Vancouver, Canada – December 16, 2025 – Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF, FSE: TOV0) ("Tier One" or the "Company"), through its Peruvian subsidiary Magma Minerals S.A.C., is pleased to announce the renewal of its social access agreement with the local Chipispaya community at its flagship Curibaya project in southern Peru. The agreement, now in effect through June 11th, 2026, can be extended with community assembly approval. As part of the agreement, Tier One has committed to continuing to support local employment and training initiatives.
Peter Dembicki, CEO of Tier One, commented, “We are very pleased to extend our partnership with the Chipispaya community, whose collaboration continues to allow us to responsibly advance Curibaya. Securing this renewed social access agreement provides Tier One with the access required to prepare for the next phase of drilling which seeks to unlock the significant high-grade silver-gold and copper potential we see at the Cambaya corridors, which have never been drilled, and across the broader project area.”
Located on a prolific copper porphyry belt, the 17,000-hectare Curibaya project hosts high-grade silver, gold and copper exploration potential. Despite extensive mineralization indicators, only a fraction of the property has been explored. Six distinct high-grade silver-gold mineralized kilometric corridors and a compelling copper porphyry target have been identified. The Company is now preparing for its next drill campaign to start in Q1 2026, planned to focus on expanding its highest-priority silver-gold target: the Cambaya area.
Qualified Person
Christian Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and approved the technical contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki President, CEO and Director
For further information on Tier One Silver Inc., please contact the Company at (778) 729-0700 or visit the Company’s website: www.tieronesilver.com
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in South America. The Company is focused on its flagship exploration project, Curibaya. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. The Company is also actively reviewing other resource projects in South America with a longer-term goal of selectively rebuilding a pipeline of prospects for future exploration.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events in connection with the Company’s plans for future exploration, including drilling, at its Curibaya project. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes 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 such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release.
Readers should refer to the risks discussed in the continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
www.tieronesilver.com
Copyright © 2025 Tier One Silver, All rights reserved.
You are receiving this email because you opted in via our website.
Our mailing address is:
Tier One Silver
1630-1177 West Hastings St
Vancouver, BC V6E 2K3
Canada
Weekly Chart
Oleblue
9月前
Tier One Silver Closes First Tranche of Previously Announced Upsized Private Placement
September 12, 2025
This news release is not for distribution to U.S. newswire services for dissemination in theUnited States
Vancouver, Canada – September 12, 2025 – Tier One Silver Inc.(TSXV: TSLV) (OTCQB: TSLVF) (“Tier One” or the “Company”) is pleased to announce that it has completed the first tranche of its previously announced upsized non-brokered private placement (the “Offering”) by issuing 41,488,000 units at C$0.08 per unit for gross proceeds to the Company of C$3,319,040. Each Unit consists of one common share (a “Share”) and one full common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one common share of the Company at a price of C$0.11 at any time on or before September 11, 2028.
A second and final tranche of the Offering is expected to close on or about September 16, 2025, subject to the receipt of funds and subscription agreements. The proposed use of proceeds from the Offering is to fund exploration at Curibaya, new project investigation and general working capital.
In connection with the closing of the first tranche of the Offering, the Company paid cash finders’ fees of C$205,173 and issued 2,564,660 non-transferable finders’ warrants. Each finder’s warrant is exercisable on the same terms as the unit warrants as noted above. In addition, on the closing of the second and final tranche, the Company intends to pay a corporate finance fee to a registrant who acted as financial advisor and administrator in relation to the Offering.
In accordance with applicable securities laws, the Shares, Warrants and any additional Shares issued on exercise of the Warrants are subject to a four-month and one day hold period in Canada from the date of issuance, which for the first tranche expires January 12, 2026. The Warrants issued to certain of the investors contain a restriction precluding their exercise to the extent that the holder would as a consequence of exercise exceed 9.99% of issued shares. Accordingly, no new insiders will result from the Offering. Final approval by the TSX Venture Exchange is expected upon filing standard documentation.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in South America. The Company is focused on its flagship exploration project, Curibaya, but continues to investigate other potential projects of merit. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki President, CEO and Director
For further information on Tier One Silver Inc., please contact the Company at (778) 729-0700 or visit the Company’s website: www.tieronesilver.com
Capital Markets Contact:
Julia Becker
Julia.becker@tieronesilver.com
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events in connection with the Offering. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes 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 such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular, and without limitation, this news release contains forward-looking statements in regard to the size and closing of a second tranche, the use of proceeds of the Offering, and receipt of regulatory approval.
Readers should refer to the risks discussed in the Company's Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2023, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Oleblue
10月前
Tier One Silver Announces $5.6 Million
Private Placement
September 3, 2025
This news release is not for distribution to U.S. newswire services for dissemination in the United States
Vancouver, Canada – September 3, 2025 – Tier One Silver Inc. (TSXV: TSLV) (OTCQB: TSLVF) (“Tier One” or the “Company”) announces it is conducting a private placement financing to a small group of arm’s-length investors which include institutional investors, targeting 70,000,000 units of the Company (each, a “Unit”) at an offering price of C$0.08 per Unit (the “Unit Price”) for gross proceeds to the Company of approximately C$5.6 million (the “Offering”). Each offered Unit consists of one common share of the Company (a “Share”) and one full common share purchase warrant of the Company (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of C$0.11 at any time on or before the date which is 36 months after the closing date of the Offering (the “Closing Date”).
The proposed use of proceeds from the Offering is to fund project exploration, new project investigation as well as general working capital.
In accordance with applicable securities laws, the Shares, Warrants and any additional Shares issued on exercise of the Warrants will be subject to a four-month and one day hold period in Canada from the date of closing of the Offering. The Warrants issued to certain of the investors will contain a restriction precluding their exercise to the extent that the holder would as a consequence of exercise exceed 9.99% of issued shares. Accordingly, no new insiders will result from the Offering.
Closing of the Offering is anticipated to occur on or about September 8, 2025, subject to the receipt of investor documentation, funds and TSX Venture Exchange (“TSXV”) approval. The Company will pay a customary finder’s fee in cash and non-transferable broker warrants in compliance with the policies of the TSXV.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such an offer, solicitation or sale would be unlawful.
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in South America. The Company is focused on its flagship exploration project, Curibaya, but continues to investigate other potential projects of merit. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki President, CEO and Director
For further information on Tier One Silver Inc., please contact the Company at (778) 729-0700 or visit the Company’s website: www.tieronesilver.com
Capital Markets Contact:
Julia Becker
Julia.becker@tieronesilver.com
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events in connection with the planned financing. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes 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 such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular, and without limitation, this news release contains forward-looking statements in regard to the size, closing and use of proceeds of the Offering.
Readers should refer to the risks discussed in the Company's Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2023, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Oleblue
12月前
Tier One Silver Updates LIFE Financing and Receives Bridge Loan
June 23, 2025
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, Canada – June 23, 2025 – Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF) (“Tier One” or the “Company”) announces that the targeted closing date for its listed issuer financing exemption (“LIFE”) offering (the “Offering”) has been extended to July 15, 2025. In order to pay Peruvian governmental mineral project concession fees due June 30, 2025, the Company has received a C$175,000 bridge loan (the “Bridge Loan”) from a director. The Bridge Loan is unsecured, accrues simple interest of 12% per annum and is due for repayment on the earlier of September 30, 2025, and the completion of the LIFE Offering or other debt or equity financing totaling at least C$1 million. The Company is not obligated to pay any other fees or issue any securities in connection with the Bridge Loan.
The Company is seeking to raise at least C$4.1 million through the issuance of $0.09 units (the “Units”) under the Offering. Each Unit consists of one common share (a “Share”) and one Share purchase warrant exercisable from the date that is 61 days after the closing of the Offering (the “Closing Date”) until the date that is 36 months after the Closing Date, at an exercise price of C$0.11 per Share. The net proceeds from the Offering will be used for exploration of the Company’s Curibaya project, to include drilling of the Cambaya target area, and for general corporate and working capital purposes. An amended and restated LIFE offering document dated concurrently with this press release has been filed at www.sedarplus.ca and is available on the Company’s website. The Offering and Bridge Loan are subject to TSX Venture Exchange approval and customary completion conditions.
The Company may pay to certain eligible finders a cash fee of 6% of the gross proceeds of the Offering and issue finders warrants equal to 6% of the number of Units sold, with each finders warrant having the same terms as the unit warrants.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki
President, CEO and Director
For further information on Tier One Silver Inc., please contact Investor Communications, at (778) 729-0600 or info@tieronesilver.com.
About Tier One
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 track record in raising capital, discovery and monetization of exploration success. For more information, visit www.tieronesilver.com.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes 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 such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements in regard to the Company’s exploration plans, repayment of the Bridge Loan and the closing of and use of proceeds of the Offering.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Weekly Chart
Oleblue
1年前
Tier One Silver Announces Equity Financing of $4.1M
June 11, 2025
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, Canada – June 11, 2025 – Tier One Silver Inc. (TSXV: TSLV) (OTCQB: TSLVF) ("Tier One" or the "Company") is pleased to announce it has filed a listed issuer financing exemption (“LIFE”) offering document to enable it to offer, on a private placement basis, securities to raise minimum proceeds of C$4.1 million through the issuance of a minimum 45,555,556 equity units of the Company (the “Units”) at a price of C$0.09 per Unit (the “Offering”). Each Unit will be comprised of one common share (a “Share”) and one warrant exercisable from the date that is 61 days after the closing of the offering (the “Closing Date”) until the date that is 36 months after the Closing Date, at an exercise price of C$0.11 per Share.
The net proceeds from the Offering will be used for exploration of the Company’s Curibaya project, to include drilling of the Cambaya target area, and for general corporate and working capital purposes, each as detailed in the Offering Document being concurrently filed at www.sedarplus.ca.
The Units will be offered for sale in each of the provinces of Canada (other than Quebec) pursuant to the LIFE Exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Company has filed the Form 45-106F19 Offering Document with the securities commissions or similar regulatory authorities in each of the relevant provinces. The Offering Document can be accessed under the issuer’s profile at www.sedarplus.ca and at www.tieronesilver.com. Prospective investors should read this Offering Document before making an investment decision.
As the Offering is being completed pursuant to the LIFE Exemption, the Units issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.
The Closing Date is targeted for on or about June 30, 2025, with the closing being subject to regulatory approvals and customary closing conditions, including listing of the Shares issued and issuable under the Offering and on exercise of any warrants on the TSX Venture Exchange (“TSXV”). Although the Offering is not being brokered, the Company may pay a cash finder’s fee equal to 6.0% of the?gross proceeds and issue finder’s warrants (“Finder’s Warrants”) equal to 6.0% of the number of Units sold under the Offering to eligible persons who refer participating investors to the Company, where permitted by applicable law and in accordance with the policies of the TSXV. Each Finder’s Warrant will have the same terms as the unit warrants.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki President, CEO and Director
For further information on Tier One Silver Inc., please contact the Company at (778) 729-0700 or visit the Company’s website: www.tieronesilver.com
Capital Markets Contact:
Julia Becker
Julia.becker@tieronesilver.com
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in Americas. The Company is focused on its flagship exploration project, Curibaya. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events in connection with the Company’s financing plans including the completion of the Offering and anticipated use of proceeds. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes 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 such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release.
Readers should refer to the risks discussed in the continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
www.tieronesilver.com
Copyright © 2025 Tier One Silver, All rights reserved.
You are receiving this email because you opted in via our website.
Our mailing address is:
Tier One Silver
1630-1177 West Hastings St
Vancouver, BC V6E 2K3
Weekly Chart
Oleblue
1年前
Tier One Silver Closes First Tranche of Private Placement Financing
January 3, 2025
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
Vancouver, Canada – January 3, 2025 – Tier One Silver Inc. (TSXV: TSLV)(OTCQB:TSLVF) (“Tier One” or the “Company”) is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement by issuing 5,183,333 units at C$0.075 per unit for gross proceeds to the Company of C$388,749.98. Each Unit consists of one common share (a “Share”) and one full common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one common share of the Company at a price of C$0.15 at any time on or before the date which is 36 months from the closing date of the Offering. The Company intends to extend the closing of a second and final tranche for 30 days, subject to TSX Venture Exchange approval. Raising further funds is subject to the execution of additional subscription agreements by investors.
In connection with the closing of the first tranche of the Offering, the Company paid cash finders’ fees of C$12,825 and issued 171,000 non-transferable finders’ warrants, with each finder’s warrant exercisable on the same terms as the unit warrants as noted above. The proposed use of proceeds from the Offering is to fund general working capital.
Insiders of the Company acquired an aggregate of 2,000,000 units in the Offering for a total of C$150,000, which participation constituted a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the securities acquired by the insiders was less than 25% of the Company’s market capitalization.
In accordance with applicable securities laws, the securities issued under the Offering are subject to a statutory four-month and one-day hold period from the date of issuance in Canada. Final approval by the TSX Venture Exchange is expected upon filing standard documentation.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in Peru. The Company is focused on its flagship exploration project, Curibaya. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki President, CEO and Director
For further information on Tier One Silver Inc., please contact the Company at (778) 729-0700 or visit the Company’s website: www.tieronesilver.com
Capital Markets Contact:
Julia Becker
Julia.becker@tieronesilver.com
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events in connection with the Offering. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes 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 such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular, and without limitation, this news release contains forward-looking statements in regard to the size and closing of a second tranche, the use of proceeds of the Offering, and receipt of regulatory approval.
Readers should refer to the risks discussed in the Company's Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2023, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
Oleblue
2年前
Tier One Silver Resumes Exploration Activities on Highly Prospective Cambaya Corridor at Curibaya
Vancouver, Canada – July 15, 2024 – Tier One Silver Inc. (TSXV: TSLV) (OTCQB:TSLVF) (“Tier One” or the “Company”) is pleased to announce that it has resumed exploration activities at its flagship Curibaya project, located in Southern Peru. The exploration program has been planned to cover three main project zones within the Company's high-priority silver-gold corridors that have been underexplored to date: Cambaya I, Cambaya II and the recently identified polymictic breccia in Zone 1 (Figure 1). The program will consist of two to three months of field work, including sampling and geological mapping, with the aim of expanding and defining the potential of the precious metal epithermal corridors and the porphyry target based on existing geochemical and CSAMT geophysical anomalies, to delineate drill targets for the drill program anticipated for later this year.
Peter Dembicki, CEO and Director of Tier One commented, “We are excited to be resuming exploration at our highly underexplored Curibaya property. We have only explored a small fraction of the project and identified six distinct silver-gold mineralized kilometric corridors to date. Our focus for this program, and upcoming drilling, is the Cambaya corridors, which are higher in elevation where there is potential for high grade silver mineralization and scale. We are still very early in our exploration efforts of pursuing a world class discovery in Peru. Evidence gathered to date from surface mineralization and drill holes has strengthened our thesis that both a high-grade precious metals system as well as a porphyry copper system could exist on the large prospective property.”
Cambaya I and Cambaya II Corridors:
The Cambaya structural corridors are located in the northeast area of the project (Figure 1), which is the highest target in topographic elevation (2400m above sea level) and within the epithermal system with highly elevated arsenic values, indicating that the potentialGrearprecious metals horizon is being preserved at shallow depth (see news release date September 26, 2022).
Highlights from previous channel sampling (refer to press releases dated October 14, 2021 and September 26, 2022) in these corridors include:
4.5 metres (m) of 408.2 g/t silver (Ag) and 1.48 g/t gold (Au), including 1 m of 1,768.0 g/t Ag and 6.33 g/t Au, in 22CRT-080;
8 m of 349.1 g/t Ag and 0.46 g/t Au, including 1 m of 2,680.0 g/t Ag and 3.14 g/t Au, in 21CRT-56;
2.5 m of 136.4 g/t Ag and 0.82 g/t Au, including 0.5 m of 568.0 g/t Ag and 3.37 g/t Au, in 22CRT-101;
20 m of 242.7 g/t Ag and 0.71 g/t Au in 21CRT-55;
2 m of 1,074 g/t Ag and 0.53 g/t Au in 21CRT-44;
11 m of 232.1 g/t Ag and 1.6 g/t Au, including 1 m of 1660 g/t Ag and 14 g/t Au, in 21CRT-34;
9 m of 409 g/t Ag and 0.4 g/t Au including 3 m of 949.7 g/t Ag and 0.8 g/t Au in 21CRT-36;
2 m of 1736.5 g/t Ag and 1.6 g/t Au including 1 m of 3170 g/t Ag and 2 g/t Au in 21CRT-52.
The intention for this fieldwork campaign is to extend both corridors and gain a better understanding of the geometry of the ore shoots within each corridor.
Figure 1: Illustrates a geological map of the Curibaya area and the location of the two main corridors, Cambaya I and Cambaya II, and the polymictic breccia.
Zone 1:
The Company will also be following up on the strong stream sediment copper signatures in Zone 1, which is located on the west side of the primary Cambaya I and Cambaya II corridors, where minimum exploration has occurred to date (Figure 2).
Besides having high bulk leach extractable gold (“BLEG”) anomalies in copper and gold, this area returned high grade silver samples up to 1,360 g/t Ag, 42.20 Au and 6.12% Cu related to silicified fragments in a possible polymictic shatter breccia.
Field work in this campaign will be focused on extending the north-south extension of this polymictic breccia and to help better understand its geometry.
Figure 2: Illustrates a general location map of Zone 1 on the Curibaya project and copper BLEG anomalies. See location of the polymictic breccia containing high-grade fragments with values up to 1,360 g/t Ag, 42.20 Au and 6.12% Cu.
The current exploration work will help to further delineate drill targets within the area that has greater widths and higher grades (Figure 3), for a follow up drill program planned, subject to financing, to test the targets identified within the Cambaya corridors.
Figure 3: Illustrates the preliminary drill holes planned for the Company’s next drill campaign. Current field work will further delineate final drill targets.
Christian Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and assumes responsibility for the technical contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki President, CEO and Director
For further information on Tier One Silver Inc., please contact the Company at (778) 729-0700 or info@tieronesilver.com.
Capital Markets Contact:
Julia Becker
Julia.becker@tieronesilver.com
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in Peru. The Company is focused on its flagship exploration project, Curibaya. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. For more information, visit www.tieronesilver.com.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events in connection with the Company’s plans to resume exploration at its Curibaya project. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes 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 such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular, and without limitation, this news release contains forward-looking statements in regard to future exploration plans, including drilling. Readers should refer to the risks discussed in the Company's Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2023, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Weekly Chart
BestFishes
3年前
Tier One Silver Defines Porphyry Copper Targets at Curibaya
January 30, 2023
Vancouver, Canada – January 30, 2022 – Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF) (“Tier One” or the “Company”) is pleased to announce that recent geophysical survey results, combined with existing exploration data sets, have led to the identification of two porphyry copper targets underlying the silver-gold epithermal mineralization defined on surface at its Curibaya project in southern Peru. Tier One Silver completed a 42.7-line kilometre (km) Controlled-Source-Audio-Frequency Magnetotelluric (CSAMT) geophysical survey over the central portion of the Curibaya project in late 2022 (Figure 1). These new data sets were integrated into the exploration model, building on previous geophysical, geochemical and geological data sets, to generate targets for the Company’s next drill program at the project. The drilling, which is anticipated to begin in Q2, will comprise of approximately 5,000 metres (m) to follow-up on the high-grade silver-gold epithermal mineralization defined at surface and target the two main conductive features that may relate to a porphyry system.
Highlights:
CSAMT identifies two sub-vertical, low resistivity anomalies (400 m x 400 m and 600 m x 500 m) that are interpreted to be associated with a large-scale hydrothermal alteration system
Anomalies correlate with areas of multiphase alteration systems, including:
Advanced argillic alteration
Skarn and hornfels
Sericite – phengite – muscovite
Anomalies correlate with elevated bismuth, tellurium, selenium and copper values in rock samples
Absolute dating of alteration mineral in anomalies yielded a Paleocene age of 55Ma, which is a similar age to the regional porphyry copper giant deposits, Toquepala (57Ma), Cuajone (52Ma) and Quellaveco (55 Ma)
A Message from Christian Rios, SVP, Exploration:
“We believe the targets we’ve identified could be associated with a porphyry copper system at depth, particularly considering the absolute dating results, which indicate the mineralization to be from the Paleocene era. This provides further evidence that we are in the correct regional environment as the similar Paleocene-aged giant porphyry copper deposits nearby. We look forward to testing these strong targets in our next drill campaign.”
CSAMT Results:
A CSAMT geophysical survey was completed in October 2022 to augment previously completed geophysical, geochemical and geological surveys. CSAMT is used as an exploration tool to identify deeply rooted resistive and conductive features that may correlate to feeder and breccia structures, and/or zones of silicification and clay alteration, possibly related to porphyry copper targets (Figure 2). An inversion of the Curibaya CSAMT data outlines two main conductive features that are 400 m by 400 m and 600 m by 500 m, respectively, and show significant depth extent over 700 m (Figure 3). Pseudo sections for lines L5800 and L6200 clearly illustrate sub-vertical conductive features (Figure 4).
Both the high conductivity and low resistivity features are sub-vertical and located under important alteration features such as an advanced argillic lithocap, a skarn and hornfels area and a white mica alteration area. Additionally, these conductive anomalies are geochemically anomalous in bismuth, tellurium, selenium and copper. The hydrothermal alteration present in the upper part of the system and the geophysical features are consistent with buried porphyry systems.
Strategy for H1 2023:
The synthesis and interpretation of these targets is ongoing and includes re-logging core and continued integration with other geophysical and geochemical datasets. The Company expects to have defined drill targets in the coming weeks. Upon completion of target definition, a drill program will be finalized to test for both the possible porphyry source (drilling to a depth of 500m - 800m) and the epithermal silver – gold structures (between 150m - 250m) on the property. The exploration field program is expected to start in Q2 2023.
Figure 1: Illustrates a general location map of the CSAMT lines for the survey that was conducted in October 2022.
Figure 2: Illustrates line L5800 and the zones of lower resistivity and higher conductivity, which may indicate zones of intense hydrothermal alteration that could be associated with a porphyry copper system. In addition, drill hole 8 is illustrated, which encountered 44 m of 52 ppm of molybdenum at a depth of approximately 270 m, which is another indication of a potential porphyry copper system.
Figure 3: An inversion of the CSAMT data outlines two main conductive features. Tier One Silver plans to test these porphyry copper targets in its next drill program. The CSAMT survey tested to a depth of 500 m.
Figure 4: Illustrates pseudo-sections for lines L5800 and L6200 and the sub-vertical conductive features.
The Company is also announcing that Michael Henrichsen is retiring as Chief Geologist of Tier One Silver to focus his efforts as Chief Geological Officer of Torq Resources. Tier One has been transitioning toward this restructuring since the appointment of Christian Rios as SVP of Exploration, who will be leading exploration operations at the Company going forward. Mr. Henrichsen will still be available to Tier One as a consultant, as needed.
Christian Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and assumes responsibility for the technical contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki
President, CEO and Director
For further information on Tier One Silver Inc., please contact Natasha Frakes, VP, Communications, at (778) 729-0600 or info@tieronesilver.com
About Tier One
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 track record in raising capital, discovery and monetization of exploration success. The Company’s exploration assets in Peru include: Hurricane, Coastal Batholith, Corisur and the flagship project, Curibaya. For more information, visit www.tieronesilver.com.
CSAMT Parameters
The CSAMT survey was carried out by Quantec Geoscience Perú S.A.C., a company based in Vancouver with divisions operating in South America, including Peru. Data points were collected on grid lines-oriented NW-SE using 50 m station spacings, covering an area of approximately 4.5 km x 3.5 km. Overall, data quality is considered well above average and no stations were affected by external factors.
Results were compiled into sections, grid maps and a 3D Voxel model. Occam or Marquardt 1D Inversions are first used to invert the data to produce a smooth-layer 1-D resistivity/depth curve for each station. To avoid the effects of the near-field, some frequencies were removed.
Readings are statistically averaged based upon adjacent points to produce an associated value for each cell. Quantec Geoscience Perú S.A.C. provides high confidence in readings to a depth of at least 700 m.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events which are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes 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 such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular, and without limitation, this news release contains forward-looking statements with respect to exploration plans.
Readers should refer to the risks discussed in the Company's Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2021, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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