Jun 29, 2022
We were joined by Tier One Silver’s CEO/President Peter Dembicki and SVP of Exploration Christian Rios for a sponsor update. The company is resuming its exploration program as the Peruvian rainy season has ended. The Phase one results at the Curibaya project were quite impressive. CEO Dembicki observed that, “… the company is at the start of a major silver discovery.” The company hit bonanza and high-grade silver in a number of drill holes.
Exciting as these discoveries were, there’s every indication that a large copper porphyry deposit is lurking. To aid its efforts, the company brought in two world-class consultants to review the drill results and set the course for Phase two of the program. SVP Rios has laid out a strategy of doing more surface sampling to better develop future drill targets.
The company is also moving forward with its Hurricane Silver project and will be conducting geochemical and geophysical surveys at the Magdalena target area, where five mineralized vein corridors were identified with recent channel sampling results including 6 m of 239 g/t Ag, 1.21% Cu, 0.34% Pb, 0.15% Zn and 1 m of 605 g/t Ag, 0.26% Cu, 5.79% Pb, 0.21% Zn. A social access agreement was recently obtained here.
It’s hard to believe that Tier One was formed a little more than a year ago. The results to date have been impressive, but the company is picking up the pace and more positive news is expected. Fresh from a C$6 million capital raise, the company is well-funded. It’s noteworthy that even in the depressed junior sector, investors enthusiastically ponied up additional funds to advance the company.
With a world-class team and the proven ability to get the job done, Tier One’s future looks bright, and we’re among the company’s shareholders looking for a large return from our patience.
Company Website: www.TierOneSilver.com
Ticker Symbols: OTCQB: TSLVF — TSX-V: TSLV