Vancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that it has expanded its Phase 2 exploration program to cover additional targets acquired as part of the recent claims auction announced on November 18, 2021. In particular, Kuya Silver expects to focus on extending the surficial definition of the veins in the Hilltop Zone to the north and south of the original Bethania mine property (Santa Elena concession), with additional mapping and surface sampling, as well as investigate showings previously identified in Peruvian government reports.
Mineralized veins previously discovered at the Hilltop Zone (see Figure 1), such as Española 2 and Mercedes, strike NW-SE and appear to continue onto the newly acquired claims. The Company also notes that several mineral showings, identified by Peruvian government geologists north of the mine area, are proximal to, and are along trend of, known areas of mineralization at Bethania.
The Capri 98 showing is described in Boletín No. 12 Serie B: Geología Económica - Estudio de Recursos Minerales del Perú Franja No. 3, published in 2003 by INGEMMET (Peruvian institute of Geology, Mining and Metallurgy), as being a mineralized, 0.6 m wide, east-west trending structure, which is similar to the principal veins in the Bethania system such as 12 de Mayo and Española. In the report, an outcrop sample assayed 702 g/t silver, 1.17 g/t gold, 10.2% lead, 2.6% zinc and 0.4% copper. The report does not contain a description of the type of analytical or testing procedures utilized, the sample size, or the name and location of any laboratory used.
Figure 1. Kuya Silver property map and close-up of Bethania mine area (Santa Elena concession) with mineralization and structures, as well as new prospects shown.
To view an enhanced version of Figure 1, please visit:
David Stein, President and CEO of the Company remarked, "Kuya Silver has been monitoring these properties surrounding the Bethania mine for several years, as recent exploration has suggested that the mineralization at Bethania seems to extend beyond the boundaries of the original mine concession. We see the potential for the size of the Bethania silver vein system to be greater than initially thought and we are excited to be able to explore these adjoining claims as part of a larger Bethania project."
National Instrument 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Mr. David Lewis, P.Geo., Exploration Director of Kuya Silver and a Qualified Person as defined by National Instrument 43-101.
About Kuya Silver Corporation
Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.
For more information, please contact the Company at:
Kuya Silver Corporation
Telephone: (604) 398‐4493
This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "potential," "progress," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
This news release includes data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this news release.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106085