Vancouver, British Columbia – TheNewswire – November 30, 2021 – Highlander Argent Corp. (CSE:HSLV) (CNSX:HSLV.CN) (the “Company” or “Highlander”) is admiring to advertise the contempo signing of a Letter of Intent (“LOI”) which lays out proposed acceding for an advantage to acquirement 100% of the 600 hectare Politunche Acreage (“the Property) amid in the prolific, silver-rich polymetallic belt of axial Peru and aloof 15 kilometres from the company´s flagship, Alta Victoria Project.
Letter of Intent Deal Terms
The aggregation can acquire 100% buying of the acreage by:
Paying a absolute of US$2,000,000 banknote in payments over 4 years (including a airship acquittal of US$1.64M on achievement of 4 year term);
Drilling a minimum of 2,500 metres;
Owner retains a 2% NSR which Highlander may buy aback for US$500,000 per 1%; and
Upon achievement of a Positive Feasibility Study the Aggregation will pay US$1M to the vendor.
The maps in Figure 1 beneath appearance the breadth of the acreage in affiliation to Alta Victoria and added important mines and deposits in the district.
Mineralization & Characteristics of the Property
Discovery abeyant lies in delineating aerial brand mineralisation aural a aggregation of detached veins and breccia zones agnate to mineralisation initially sampled by Highlander. Highlights of the after-effects from this sampling acknowledgment the following:
sample 2019004 with 879 g/t Ag, 0.89 g/t Au, 1.4% Pb, 5.4% Zn from acropolis block grab
sample 2019006 with 1,535 g/t Ag, 0.64 g/t Au, 1.53% Pb and 1.21% Zn over 0.6m
sample 2019008 with 511 g/t Ag, 0.11 g/t Au, 3.61% Pb, 6.53% Zn over 0.3m
This aerial brand argent with associated zinc, advance & gold is hosted in a ample breadth of able hydrothermal about-face of Miocene agitable domes, dikes, flows and pyroclastic rocks apparent in Figure 2 below. Furthermore, there is affirmation of abeyant for aggregate mineable mineralisation apparent in the photos beneath area stockwork, attitude swarms and broadcast mineralisation may be hidden beneath attenuate cover.
Previous assignment arch up to the achievement of 11 design amount assignment holes in 2011 includes geologic mapping, with apparent clay and bedrock sampling.
“The acknowledged accretion of the Politunche Acreage will add important appraisal abeyant for Highlander,” said President and CEO, Ron Stewart. “Not alone does Politunche arise awful prospective, its abutting adjacency to the company´s abject of acreage operations will accompaniment our advancing assignment at Alta Victoria area we abide to ascertain new zones of mineralisation.”
Highlander maintains an alive chat and accomplished accord with the bounded communities and landowners in the around of its projects. The Aggregation recognizes the analytic role association abutment plays in accomplishing its appraisal goals. Additional advice about Highlander and its mineral projects can be beheld on the Company’s SEDAR contour at www.sedar.com and its website at www.highlandersilver.com.
All bedrock and clay samples appear in this columnist absolution were delivered to ALS Laboratories, a certified class amid in Lima, Peru for alertness and analysis. Bedrock samples were weighed, dried, ashamed to 70% <2mm and riffle breach while soils were weighed, broiled and buried to -180 µm. A 250g subsample was burst to 85% <75 µm for both bedrock and clay sample types. All samples were assayed application a 30g nominal weight blaze appraisal with diminutive assimilation accomplishment (Au-AA25) for gold, and 48 elements by 4-acid ICP-MS (method ME-MSC61). When MS61 after-effects were >100ppm for Ag and 10,000 for Pb, Zn and Cu assays were appear application four-acid abstract adjustment (Ag -OS62 and abject metal ME-OG62). No standards or blanks were amid by Highlander. ALS commonly inserts certified gold, argent and abject metal standards, blanks and lurid duplicates, and after-effects of all ALS QA/QC samples are reported. The standard, bare and alike samples acclimated by ALS were advised acceptable QA/QC for Highlander’s sample analysis.
Management Consulting Agreement
In affiliation with his role as President and CEO, Highlander has entered into a administration consulting acceding with Ronald Stewart. As allotment of his compensation, Highlander proposes to affair 50,000 accepted shares of the Aggregation to Mr. Stewart in the advancing days. Accountable to approval of the board, and based on Mr. Stewart’s performance, a added 250,000 accepted shares may be issued on August 12, 2022, and 300,000 on August 12, 2023. The shares will be accountable to a 4 ages authority from the date of issuance.
The arising of shares to Mr. Stewart constitutes a “related affair transaction” beneath Multilateral Instrument 61-101 – Protection of Boyhood Security Holders in Special Transactions (“MI 61-101”). The Aggregation will await on the exemptions from the academic appraisal and boyhood approval requirements set out in annex 5.5(a) and annex 5.7(a) of MI 61-101 in affiliation with the allotment issuance, as the fair bazaar amount of the allotment arising does not beat 25% of the Company’s bazaar capitalization. Prior to the allotment issuance, Mr. Stewart did not own any shares of Highlander, and will own beneath than 1% of the accepted shares afterward arising of the aloft acclaimed shares.
Qualified Person Statement
All authentic and abstruse advice independent in this account absolution was able and accustomed by Ronald Stewart, P.Geo., President and CEO of Highlander Argent Corp. who is a Qualified Person as authentic in NI 43-101. Mr. Stewart has absolute the authentic and abstruse advice appear in this account absolution by reviewing the sampling, analytic and conduct abstracts from the Property, as able-bodied as reviewing and referencing appear authentic affidavit and government appraisal letters accompanying to the Acreage that outline their cartography and structure, mineralization potential, and drop style.
About Highlander Argent Corp.
Highlander Argent Corp. is a mineral appraisal aggregation focused on the appraisal of the Alta Victoria silver-polymetallic activity in axial Peru, as able-bodied as targeting the accretion of added mineral projects by leveraging the team’s cogent acquaintance in Peru and South America added widely.
Neither the Canadian Balance Exchange (CSE) nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts albatross for the capability or accurateness of this account release.
For added information, amuse contact:
Ronald StewartChief Executive Officer
Highlander Argent Corp.
Certain advice independent in this account absolution constitutes “forward-looking information” beneath Canadian balance legislation. This includes, but is not bound to, advice or statements with account to entering into and acceding of the Agreement, the approaching appraisal affairs of the Company, costs and timing of approaching exploration, advancing after-effects of exploration, abeyant mineralization of the Property, abeyant for approaching acquisitions and advancing timing of such acquisitions. Such advanced attractive advice or statements can be articular by the use of words such as “believes”, “plans”, “suggests”, “targets” or “prospects” or variations (including abrogating variations) of such words and phrases, or accompaniment that assertive actions, contest or after-effects “will” be taken, occur, or be achieved. Advanced advice involves accepted and alien risks, uncertainties, and added factors which may account the absolute results, performance, or achievements of the Aggregation and/or its subsidiaries to be materially altered from any approaching results, performance, or achievements bidding or adumbrated by the advanced information. Such factors include, amid others, accepted business, economic, competitive, political and amusing uncertainties, the absolute after-effects of accepted appraisal activities, abstracts of bread-and-butter evaluations, changes in activity ambit as affairs abide to be refined, approaching prices of adored and abject metals, accessible variations of ore brand or accretion rates, abortion of plant, equipment, or processes to accomplish as anticipated, accident, labour disputes and added risks of the mining industry, and delays in accepting authoritative approvals or financing, or in the achievement of development or architecture activities. Although the Aggregation has attempted to analyze important factors that could account absolute actions, contest or after-effects to alter materially from those declared in advanced information, there may be added factors that could account actions, contest or after-effects to alter from those anticipated, estimated or intended. Advanced advice independent herein are fabricated as of the date of this account release. There can be no affirmation that advanced advice will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such statements. The Aggregation undertakes no obligation to amend advanced advice if affairs or management’s estimates or opinions should change, except as appropriate by applicative balance laws. Accordingly, the clairvoyant is cautioned not to abode disproportionate assurance on advanced information.
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