(01-12-2023) Highlander Silver Corp. (CSE: HSLV), Vancouver, a silver and gold exploration company, announced it has entered into a share purchase agreement on November 29, 2023, with SSR Mining Inc. (TSX | NASDAQ: SSRM; ASX: SSR), Denver/Toronto, to acquire the San Luis gold and silver project located in the Ancash department.
The historical measured mineral resource is 348,000 ounces of gold @ 22.4 g/t Au and 9,003,300 ounces of silver @ 578.1 g/t Ag. There are many growth opportunities, with open resource extensions and untested targets supported by anomalous rock samples and trenches (> 4 g/t Au).
Highlander Silver will implement a comprehensive geological mapping and sampling program to develop a technical assessment of the area’s potential before more focused exploration on high-priority targets. The funding for this acquisition is backed by Augusta Group and members of the Lundin family.
“We are delighted to be bringing the high-grade San Luis gold-silver project into our portfolio, and are very impressed by the size and grade of the historical resource contained within the Ayelen and Ines vein structures. We believe this deposit may be one of the highest-grade gold-silver deposits of its size that is yet to be mined in the world”, commented David Fincham, President and CEO.