Tier One Silver’s (TSXV: TSLV, OTCQB: TSLVF) CEO Peter Dembicki and Exploration SVP Christian Rios provided us with a sponsor update. Extensive CSAMT surveying has identified two promising copper porphyry targets. Drill targets are currently being defined. This will be a focus of their Q2 ’23 5000-meter drill program.
CEO Dembicki explains that “While silver remains the focus at Curibaya, we have a fantastic potential porphyry target … that can’t be ignored. We’re on a prolific copper porphyry belt in Southern Peru with many giant mines, all within 100 kilometers of us to the north and south. We just happen to be in a fortunate situation where we have a preserved precious metals epithermal system and then residing below is this potential copper porphyry target.”
SVP Rios said, “We believe the targets we’ve identified could be associated with a porphyry copper system at depth, particularly considering the absolute dating results, which indicate the mineralization to be from the Paleocene era. This provides further evidence that we are in the correct regional environment as the similar Paleocene-aged giant porphyry copper deposits nearby. We look forward to testing these strong targets in our next drill campaign.”
CEO Dembicki reflected that while metals’ prices have come roaring back ($24 silver and $4 copper) and Tier One’s share price is up 50%, it’s still very early in the cycle and he’s expecting a major move ahead.
Once the next drill program commences, Tier One will become the tier one choice for sector investors, which is why we’re maintaining our position.
Sign up (on the right side) for the free weekly newsletter.