| Announcement Date: | 2022-02-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Tier One Silver Inc. |
| Project name: | Curibaya |
| Location: | Peru |
| Commodities: | Gold,Silver,Lead,Zinc |
| Highlight: | Drilling results incl. 1.5m @ 1128.7g/t Ag, 1.04g/t Au, 0.146% Zn, 0.085% Pb from 142.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, Canada – February 14, 2022 – Tier One Silver (TSXV: TSLV, OTCQB: TSLVF) (“Tier One” or the “Company”) is pleased to report results from the last five drill holes of the first phase of drilling at the Curibaya project in southern Peru. Hole 16 intercepted 1.5 metres (m) of 1,213.7 g/t silver equivalent (AgEq) in a larger interval of 7 m of 299.1 g/t AgEq on the Sambalay structural corridor (Figures 1 – 3). This drill hole targeted higher elevations of the intermediate sulphidation system than the majority of the holes drilled to date and is located on a two kilometre (km) corridor that extends toward the Cambaya target area, where the Company has seen the best channel sample results, including 20 m of 293.8 g/t AgEq, 11 m of 348.2 g/t AgEq, 9 m of 438.8 g/t AgEq, 2 m of 1,119.2 g/t AgEq and 2 m of 1,852.8 g/t AgEq. Complete drill results from holes 12 – 16 are provided in Table 1. The next phase of drilling at Curibaya will focus on the Cambaya target area, the areas between the high-grade intercept in hole 16 and the channel samples at the Cambaya II corridor, as well as the continuation of the Tipal structure, where hole 9 intercepted vein arrays within kaolinite and sericite alteration, 50 m below the surface, returning 3 m of 384.6 g/t AgEq (previously reported in January 24, 2022 news release) toward the Cambaya target areas. The technical team believes the Sambalay and Cambaya structural corridors provide great potential in the precious metal window (Figure 4). |
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