Highlander Silver Provides Update on La Estrella Geological Model and Drilling Plans

VANCOUVER, BC / ACCESSWIRE / March 14, 2024 / HIGHLANDER SILVER CORP. (CSE:HSLV) (THE "COMPANY" OR "HIGHLANDER SILVER") is pleased to provide an update on the geological modelling work developed at La Estrella which will guide drill targeting in the upcoming drilling campaign.

Foto: Accesswire

During Q2 2023, Highlander Silver´s technical team developed a drill defined near surface exploration target of 15 to 35 Mt averaging between 50 and 60 g/t Ag, and 0.4 to 0.6 g/t Au containing some 25 to 60 Moz Ag and 0.2 to 0.7 Moz Au¹ (see news release of July 17^th, 2023). In Q3 and Q4 2023, the team re-logged historic drill core and conducted geological mapping to develop an in-house geological model. The work focused on developing a comprehensive understanding of the controls on mineralisation to enable development of a prioritised set of targets for drill testing. The Company is now finalizing its drilling plan and is engaged in the drill permitting process. Highlander is targeting the end of Q2 2024 for mobilizing the drill rig.

¹ The potential quantity and grade of the exploration target is conceptual in nature, and more exploration is required to define a mineral resource. Important aspects such as metallurgical processing options need to be investigated to evaluate potential recoveries of Ag and Au. As such, it is uncertain if this work will result in the target being delineated as a mineral resource. In addition, further drilling will be required to investigate the extensions and continuity of the mineralization.

David Fincham, Highlander Silver´s President and CEO commented, "We continue to be impressed with the silver-gold potential at La Estrella. A large and strong alteration footprint, well mineralised historical drill intercepts and significant gaps in the historical drilling suggest excellent potential to improve on the numbers produced from our exploration target modelling. The technical team, led by Leandro Echavarria, has done an excellent job with the geologic model, resulting in a vastly improved understanding of the deposit and of the controls on mineralisation. Highlander Silver has developed the technical foundation to execute a drill program with the best chances of success".