TORONTO, March 12, 2018 /CNW/ - Adventus Zinc Corporation ("Adventus") (TSX-V: ADZN) is pleased to announce that the company has filed an Independent National Instrument 43-101 Technical Report ("NI 43-101 Technical Report"), titled, "Technical Report on the Curipamba Project, Ecuador", in support of the company's news release dated January 31, 2018. The NI 43-101 Technical Report was authored by Independent Qualified Person Dr. Lars Weiershäuser, P.Geo., of Roscoe Postle Associates Inc. (based in Toronto, Ontario, Canada), who is a Qualified Person as defined by NI 43-101. The Mineral Resource estimate has been classified in accordance with CIM Definition Standards – For Mineral Resources and Mineral Reserves (May 14, 2014), and the NI 43-101 Technical Report was prepared pursuant to CIM Definition Standards – Standards of Disclosure for Mineral Projects (May 9, 2016).
Adventus commissioned an update for the Mineral Resource estimate for El Domo as part of its earn-in agreement with Salazar Resources Ltd. on the Curipamba Project (see September 14, 2017 news release). The updated Mineral Resource estimate for El Domo has an effective date of January 19, 2018 and is supported on information provided from 221 core boreholes, totalling 45,202 metres, completed between 2007 and 2017. The Indicated Mineral Resources for El Domo total 8.8 million tonnes grading 1.62% copper, 0.27% lead, 2.42% zinc, 2.34 g/t gold, and 48 g/t silver. The Inferred Mineral Resources for El Domo total 2.6 million tonnes grading 1.29% copper, 0.14% lead, 1.51% zinc, 1.09 g/t gold, and 29 g/t silver (see January 31, 2018 news release). There are no material differences between the NI 43-101 Technical Report and information disclosed in this news release.
For the purposes of this news release, Mr. Jason Dunning, M.Sc., P.Geo., Adventus' Vice President Exploration is the designated non-Independent Qualified Person. He has reviewed and approved the technical and scientific contents of this press release.
Adventus is a well-financed and unique company focused on zinc exploration and project development globally. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, and Resource Capital Funds; as well as other highly respected investors in the mining business. Adventus currently has large prospective land packages in both Ireland and Newfoundland and Labrador, Canada, and is earning a 75% ownership interest in the Curipamba copper-gold-zinc project in Ecuador. In addition, Adventus has a country-wide generative exploration alliance with its partners in Ecuador. Adventus is based in Toronto, Canada, and is listed on the TSX-V under the symbol ADZN.
This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Adventus expects or anticipates will or may occur in the future. Although Adventus has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus undertakes to update any forward-looking information except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Adventus Zinc Corporation
For further information: from Adventus, please contact Christian Kargl-Simard, Chief Executive Officer, at +1-416-230-3440 or firstname.lastname@example.org.