HIGHLIGHTS AND OUTLOOK
2020/2021 Campaign Exceeds 8,000 Drill Metre Target, Yields Exciting Initial Results, and Supports Increased Exploration Plans
The main focus of the Company during the first quarter of 2021 was the safe and effective execution of a diamond drill program at its flagship
As of
The Initial assay results consist of complete assays on four completed holes, and partial results for another two holes. Key highlights of the initial results reported to date include: Step-out holes FSDH043 and FSDH044 extend the known mineralization 1 kilometre to the north and 200 metres to the east, respectively. Both holes intersected grades which increased with depth and both ended in mineralization; FSDH040 provided infill of the large gap between the long, high-grade intersections from last season's program. Although FSDH040 was lost prior to reaching its target depth, it returned 117.5m of 0.69% CuEq (0.45% Cu; 0.29g/t Au, 2.4g/t Ag) starting from 94.0m, including a high-grade, supergene enriched zone of 26.0m of 1.37% CuEq (1.15% Cu; 0.28g/t Au; 2.3g/t Ag); Holes FSDH037 and FSDH041 extended the deposit's high-grade silver zone by 600 metres, and increased the total length of the silver zone to over 2 kilometres. Full assay results for both these holes are pending and Hole FSDH042 discovered a new oxide gold zone 1.5 kilometres north of the main deposit, which confirms the vast exploration potential that still exists at Filo del Sol and that the larger system extends beyond the boundaries of the known deposit. This hole is highlighted by 48m at 1.01 g/t gold.
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Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in this press release constitutes 'forward-looking information' and forward-looking statements' within the meaning of applicable securities legislation (collectively, 'forward-looking information') concerning the business, operations, financial performance and condition of
All statements other than statements of historical fact may be forward-looking statements. Forward-looking information is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks and uncertainties relating to, among other things, the inherent uncertainties regarding Mineral Reserve and Resource estimates, cost estimates, changes in commodity prices, currency fluctuation, financings, unanticipated resource grades, infrastructure, results of exploration activities, cost overruns, availability of materials and equipment, timeliness of government approvals, taxation, political risk and related economic risk and unanticipated environmental impact on operations as well as other risks, and uncertainties and other factors, including, without limitation, those referred to in the 'Risks and Uncertainties' section of the Company's most recent MD&A and/or Annual Information Form, under the heading 'Risks Factors', and elsewhere, which may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
The Company believes that the expectations reflected in the forward-looking information included in this press release are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Information contained in this press release is as of the date of this press release. In particular, this press release contains forward-looking information pertaining to the assumptions used in the PFS for the Filo del Sol project, the assumptions used in the Mineral Reserves and Resources estimates for the Filo del Sol project, including, but not limited to, geological interpretation, grades, metal price assumptions, metallurgical and mining recovery rates, geotechnical and hydrogeological conditions, as applicable; ability to develop infrastructure; assumptions made in the interpretation of drill results, geology, grade and continuity of mineral deposits; expectations regarding access and demand for equipment, skilled labour and services needed for exploration and development of mineral properties and that activities will not be adversely disrupted or impeded by exploration, development, operating, regulatory, political, community, economic and/or environmental risks. In addition, this press release may contain forward-looking statements or information pertaining to: potential exploration upside at the
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