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Tier One Silver Inc. (TSLVF) is focused on exploration activities in Peru, aiming to discover valuable silver, gold, and base metal deposits. With a strong track record of raising capital and successful monetization of exploration projects, Tier One is actively exploring projects such as Hurricane, Corisur, and its flagship project, Curibaya. The recent achievements include the grant of incentive stock options and the initiation of non-brokered private placements.
The Company's management team, led by Peter Dembicki, President, CEO, and Director, is dedicated to creating value for shareholders and stakeholders through strategic exploration efforts. Tier One Silver's commitment to developing world-class deposits and its partnerships with Strike Communications Inc. and GRA Enterprises LLC demonstrate its focus on enhancing market exposure and implementing effective capital markets strategies.
Tier One Silver Inc. (TSLVF) announced a non-brokered private placement to raise up to C$2.5 million by offering 10 million units at C$0.25 each. Each unit comprises one common share and one warrant, allowing purchase of an additional share at C$0.35, valid for 24 months post-closing. Proceeds will fund drilling at the Curibaya project and advancement of the Hurricane project. The offering, closing around April 21, 2023, is not subject to minimum conditions. Securities are subject to a four-month hold period in Canada. The company emphasizes that insider participation may occur under specific exemptions.
Tier One Silver Inc. (TSLVF) has announced promising results from composite chip sampling at its Rayanpata target in the Hurricane project, southern Peru. Key findings include high-grade concentrations of copper (Cu), nickel (Ni), and cobalt (Co), with 65% of samples exceeding 0.1% Ni and two samples reporting Co values above 1,000 g/t. The area, measuring approximately 2 km by 800 metres, remains open for further exploration. Both Senior VP Exploration Christian Rios and CEO Peter Dembicki expressed optimism, highlighting the project's potential to identify extensions and new mineralized structures.
Tier One Silver Inc. (TSLVF) announced the identification of two porphyry copper targets at its Curibaya project in Peru, supported by recent geophysical survey results. A Controlled-Source-Audio-Frequency Magnetotelluric (CSAMT) survey covering 42.7 km indicates two low resistivity anomalies, potentially linked to a hydrothermal alteration system. The anomalies show geochemical associations with elevated bismuth, tellurium, selenium, and copper. The drilling program, set for Q2 2023, plans to explore these targets along with the defined high-grade silver-gold mineralization. Additionally, the company is experiencing a leadership transition with the retirement of Chief Geologist Michael Henrichsen.
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