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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Tier One Releases Option on Two of Five Huilacollo Area Concessions
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Tier One Silver on cusp of drilling Curibaya in Peru
Tier One Silver s Curibaya project in southern Peru. Credit: Tier One Silver.
In October, Auryn Resources was reorganized and split into three separate companies Canada focused
Fury Gold Mines (TSX: FURY NYSE-AM: FURY) and Peru-focused Sombrero Resources and Tier One Silver.
Ivan Bebek, who co-founded Auryn with Shawn Wallace in 2015, has roles at each of the new companies. He is chairman of Fury Gold Mines, president and CEO of Sombrero Resources and co-chairman of Tier One Silver.
In an interview about the soon-to-be listed Tier One Silver, Bebek says the junior explorer hopes to drill 12,000 metres this year at its 100%-owned Curibaya project in southern Peru, about 48 km from the city of Taca, near the country’s border with Chile.
Tier One Silver Grants Stock Options
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