Tier One Silver Options the Hurricane Silver Project in Southeastern Peru
ACCESSWIRE
VANCOUVER, BC / ACCESSWIRE / May 3, 2021 /
Tier One Silver ( Tier One or the Company ) is pleased to announce that it has entered into a share purchase option agreement with Pembrook Copper Corp. to acquire Pembrook s Peruvian subsidiary, Compañia Minera Tororume S.A.C., which owns the Hurricane silver project located in southeastern Peru. Hurricane covers approximately 25,640 hectares, has numerous high-grade silver showings and is located approximately 66 kilometres (km) north of the city of Cusco (Figure 1). Option agreement details follow below.
The property s numerous high-grade silver occurrences have been identified through first pass reconnaissance rock sampling of the Hurricane project by a previous operator. The largest of these occurrences is located at the Magdalena prospect, which is characterized by a 1.5 km shear zone where multiple high-grade veins have been identified with chi
Tier One Silver Options the Hurricane Silver Project in Southeastern Peru
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Tier One Silver Options the Hurricane Silver Project in Southeastern Peru
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Tier One Silver Inc.: Tier One Releases Option on Two of Five Huilacollo Area Concessions
VANCOUVER, BC / ACCESSWIRE / April 27, 2021 /
Tier One Silver ( Tier One or the Company ) announces that it has terminated a 2016 option agreement in respect of the shares of a private company which owns two mineral concessions within a larger secondary project area known as Huilacollo, located in southern Peru.
Tier One retains a strong land position within the Huilacollo area, including 100% ownership of the Tacora, Tacora Sur and Andamarca concessions (subject to a customary Supreme Decree dispensation for Border Zone projects) (Figure 1). These concessions will now be referred to as the Corisur claims. Although the termination relieves the Company of certain option payment and work expenditure obligations related to the two surrendered concessions, Tier One still maintains the surface rights agreement, which was prepaid and expires in 2024.
Tier One Releases Option on Two of Five Huilacollo Area Concessions
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