In this interview, Tier One Silver (TSXV:TSLV – OTC:TSLVF) CEO Peter Dembicki and SVP Exploration Christian Rios discuss the recently received DIA drill permit. This permit allows them to initiate phase 2 drilling at the flagship Curibaya project and test the #1 target Cambaya zone. Phase I of drilling at Curibaya targeted the source of the bonanza grade silver and gold surface results and demonstrated that mineralization extends to depth. However, the best channel sample results were from the Cambaya target area, located northeast of the previously defined mineralized footprint and the phase I drill program. The Cambaya target is at a higher elevation, where less erosion has occurred, and therefore Tier One’s technical team believes that there is a larger window for potential precious metal mineralization.
In phase II of drilling the Company intends to follow-up on some of the phase I drill intercepts and additionally, the new DIA permit will allow the Company to drill the most prospective targets in the Cambaya zone. The Company is currently conducting a channel and rock sampling program to further define targets for the phase II drill program, which is also being designed to target untested copper porphyry targets that were identified in the first phase of drilling.
CEO Peter Dembicki stated: “Receiving the DIA permit is a key milestone for Tier One Silver as it will allow us to drill our highest priority silver and gold target on the Curibaya project, in addition to newly developed copper porphyry targets. Our confidence in the potential of Curibaya has continued to increase as we explore the project. We look forward to our second phase of drilling, which will commence once the results from ongoing surface sampling and geophysical programs have been received.”
Tier One Silver is focused on creating significant value for shareholders through the exploration and potential discovery of world-class silver, gold and copper deposits in southwest Peru. Tier One Silver’s main focus currently is the 100% owned Curibaya project, which consists of approximately 11,000 hectares and is located approximately 48 km north-northeast of the provincial capital, Tacna, accessible by road.
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