Tier One Silver begins work on the Hurricane Silver project in Peru

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VANCOUVER, BC / ACCESSWIRE / September 22, 2021 / Tier One Silver (TSXV: TSLV) (OTCQB: TSLVF) (“Tier One” or the “Company”) is pleased to announce that it has started surface exploration on its 31,503 hectare Hurricane Silver project located in southern Peru, approximately 66 kilometers (km) north of the city of Cusco (Figure 1). The Company has signed a two-year community agreement that provides surface access to the Magdalena silver prospect and half of the Pampayeoc silver prospect and will allow drilling once a final permit has been obtained from the Peruvian ministry of Energy and Mines (Figure 2). The Magdalena and Pampayeoc prospects are characterized by historic mining galleries and numerous high-grade silver showings, including the following reconnaissance chip sampling results collected by the previous operator: 1.4 meters (m) of 1,175 g / t silver, 2.1 m of 792 g / t silver, 2.5 m of 589 g / t silver and 14 m of 100 g / t silver.

A message from Peter Dembicki, President, CEO and Director:

“We are delighted to begin work on Hurricane Silver, a second major silver discovery opportunity in Peru. This project is in its early stages but, like Curibaya, has demonstrated grade and breadth in several rock and chip samples – characteristics of a large system potential. “

“At Curibaya, we have completed our fifth drill hole and plan to complete eight more holes before the end of the year. We look forward to a continued stream of drill results over the next several months, in addition to other surface results, as we identified the limitations of the silver system. Together, we believe that the Curibaya and Hurricane Silver projects represent multiple world-class silver discovery opportunities.

Exploration plan

The property is considered to be heavily under-explored as no systematic exploration has been carried out on the Magdalena and Pampayeoc prospects. The Company plans to conduct geological mapping and rock sampling focused on the 1.5 km long Magdalena vein system to determine the grade and width of exposed veins with additional soil sampling to determine the footprint. mineralized under the ground and ice cover. After this first pass of surface work, ground geophysical surveys will be carried out to clearly define the drilling targets so that the Company can apply for a drilling permit in the first quarter of 2022.

Figure 1: Illustrates the position of the Hurricane project in southeastern Peru, approximately 66 km north of Cusco.

Junior mining networkFigure 2: Illustrates highlights of rock and chip samples in silver grades from several areas of interest in the Hurricane project area and describes the portion of the property that is included in the social agreement, where the company now has started surface work.

Junior mining networkFigure 3: Illustrates historic mining galleries along the silver veins of the Magdalena prospect as part of the Hurricane Silver project.

Michael Henrichsen (Chief Geologist), P.Geo is the QP who takes responsibility for the technical content of this press release.

ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.

Pierre Dembicki
President, CEO and Director

For more information on Tier One Silver Inc., please contact Natasha Frakes, Vice President of Communications at (778) 729-0600 or This e-mail address is protected from spam. You need JavaScript enabled to view it..

About the first level

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 metals deposits in Peru. The Company’s management and technical teams have a strong track record of raising capital, discovering and monetizing exploration successes. The Company’s exploration assets in Peru include: Hurricane Silver, Emilia, Coastal Batholith, Corisur and the flagship project, Curibaya, which has started its first drilling program. For more information, visit www.tieronesilver.com.

Cautionary Note Regarding Historical Grapple, Chip Samples and Related Issues

Historical grapple and chip samples from the Hurricane Project were collected by Compania de Exploraciones Orion SAC (2007-2009), a subsidiary of Pembrook Copper, and were included in a database obtained as part of the transaction. Considering the time interval, Tier One Silver did not assess the validity of the QA / QC protocols that were followed in collecting these samples. Therefore, readers are cautioned not to rely on the accuracy or repeatability of this sampling. Sampling is of very limited geological importance and only serves to aid in the development of a methodical exploration program involving geochemical, geophysical and ultimately diamond drilling. There are no known mineral resources of commercial interest established at the Hurricane Silver project.

Historical grapple and chip samples from the Hurricane Silver project were collected by the Compania de Exploraciones Orion SAC (2007-2009). The first level verified approximately 5% of the analytical data entries for the supplied rock sample database against the signed PDF Certificates of Analysis from 2007, 2008 and 2009. No data entry errors were found. found. The first level considers that the rock database provided is of good quality.

Grab and Chip samples
Tier One conducted a 3-day field visit to visually confirm the presence of historically reported mineralized outcrops, with a check reconnaissance sampling completed. Approximately 3 to 5 kg of material was collected for analysis and sent to the ALS laboratory in Lima, Peru, for preparation and analysis. All samples were analyzed using a 30 g nominal weight fire assay. Platinum and palladium were analyzed by ICP and MS (PGM-MS23); The gold was analyzed by ICP and AES finishing (Au-ICP21). Silver and base metals were analyzed as part of the multi-element package (ME-MS41), or at trace levels in the multi-element package 36 (ME-ICP41). In 2009, the silver analysis was completed by a 30 g fire assay with gravimetric finish (Ag -GRA21). When MS41, ICP41 results were greater than 10,000 ppm Cu, 10,000 ppm Zn, 10,000 ppm Pb, or 100 ppm Ag, the analysis was repeated with mineral grade aqua regia digestion with AA finish (Cu-AA46; Zn-AA46; Pb-AA46; Ag-AA46 respectively).

Forward-looking information and general warning

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”) that relate to the Company’s current expectations and beliefs about future events. All statements that express or involve discussions regarding expectations, beliefs, plans, goals, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ” will probably result “,” are expected to “,” expects “,” will continue “,” is anticipated “,” anticipates “,” believes “,” estimated “,” intends “,” plans “, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties that could cause actual results differ materially from those expressed in these forward-looking statements. No assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this press release should not be improperly relied upon. These statements speak only as of the date of this press release. In particular and without limitation, this press release contains forward-looking statements concerning the Company’s exploration plans.

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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