ON TARGET

A Silver Opportunity Primed for Its Debut

About

A Silver Opportunity Primed For Its Debut

Alcon has a historical inferred resource totalling 4.6 million tonnes grading 90.88g/t Ag, 1.66% Pb and 1.69% Zn) and a portfolio of Silver exploration projects recently optioned from Pan American Silver.

1. Alcon Silver Corp. is not treating this historical resource estimate as a current mineral estimate. See Forward Looking Statement.

Highlights

Strong Shareholder Base

Pan American Silver holds 5%, Management/ Insiders hold 29%, and High-Net-Worth investors hold 40%

Non-Dilutive Share Structure

“Investor in mind” mentality, with only 29M shares outstanding, no options, no warrants, no debt

Unparalleled Experience

Management experience from BHP Billiton, Eldorador Gold, Oz Minerals, and Horchschild Mining

Well Endowed Mining Jurisdiction

Peru is one of the top 10 mining jurisdictions in the world

Projects

Alcon recognizes this resource estimate as a historical resource and is not treating it as a current mineral resource.  This historical resource estimate was stated as an Inferred Mineral Resource in a fully compliant NI 43-101 technical report filed on SEDAR on 29-July 2011 by Caracara Silver Inc. (Vachon, 2011).  Verification of this historical resource would require additional drilling to confirm historical intersections.  The historical estimate was based on 24 out of 64 available diamond drill holes (DDH) when the 2011 technical report was prepared.  Data from fifteen (15) DDHs drilled in 2013 not included in the 2011 resource calculation are now available in Caracara’s historical drilling database.  Key parameters in the historical resource calculation: minimum true thickness = 1.2m; dip of structure = 60o; specific gravity = 2.75g/cc; radius of influence = half distance to nearest neighbor; high-grade samples not cut.

The Caracara 2011 historical resource estimate cannot be relied on due to the destruction of historical drill core, loss of corresponding sampled material (pulps and rejects) and lack of sufficient work by a Qualified Person to assess the validity of the historical estimate.  The historical estimate may be validated by completing a series of replicate holes in a future drill program on the property. 

Historical Silver Resource

  • Historical Initial Inferred Resource (Vachon 2011) contained in 4.6 m tonnes grading 90.88 g/t Ag, 1.69% Zn, 1.66% Pb.
  • Historical resource envelope only includes 56 drillholes (out of 82) totalling 8,057 meters drilled along 1.5 km of strike length on the La Princesa Vein.
  • Veta La Princesa represents a hydrothermal breccia vein system exposed intermittently along a strike length of 2.2 km. Locally drill tested to 300m depth.
  • Represents an excellent exploration opportunity for both potential to outline resources on the known Veta La Princesa and to discover blind deposits on previously untested structures.
Surupana workings immediately west of Rio Cullco. Note dumps whose upper surfaces correspond to former adit levels

1 . This historical resource estimate was stated as an Inferred Mineral Resource in a fully compliant NI 43-101 technical report filed on SEDAR on 29-July 2011 by Caracara Silver Inc. (Vachon, 2011). Verification of this historical resource would require additional drilling to confirm historical intersections. The historical estimate was based on 24 out of 64 available diamond drill holes (DDH) when the 2011 technical report was prepared. Data from fifteen (15) DDHs drilled in 2013 not included in the 2011 resource calculation are now available in Caracara’s historical drilling database. Key parameters in the historical resource calculation: minimum true thickness = 1.2m; dip of structure = 60o; specific gravity = 2.75g/cc; radius of influence = half distance to nearest neighbor; high-grade samples not cut. The Caracara 2011 historical resource estimate cannot be relied on due to the destruction of historical drill core, loss of corresponding sampled material (pulps and rejects) and lack of sufficient work by a Qualified Person to assess the validity of the historical estimate. The historical estimate may be validated by completing a series of replicate holes in a future drill program on the property.

Infrastructure and Logistics

  • 3,500 hectare land package
  • Paved and gravel road access
  • Excellent social community relations
  • National electrical grid power and water access
  • Access to local mining expertise at Juliaca, Arequipa, and Cuzco
  • Regional commercial centre and airport at Juliaca ~40km
Princesa structure facing east towards north-flowing (right to left) Río Cullco

High-Grade Silver's Intercepts

Hole From (m) To (m) Intersection1 (m) Silver (g/t) Lead (%) Zinc (%)
PR-02
Values from Chance
tech report 2022 Table 9.
Significant Intersections
121 155 34.0
Values from Chance
tech report 2022 Table 9.
Significant Intersections
66.1 1.08 1.6
N/A 26.7 30.1 3.4 61 5.8 1.6
PRIN-06-05 3.5 36.2 32.7 93.2 1.45 1.33
PR-09 6.8 24 17.4 86.4 2.48 0.18
PR-11 40.8 55.8 15.0 214 1.17 0.67
PR-53 61 73.6 12.5 570 2.50 1.02
PR-61 91.5 109.5 15.0 174 5.02 1.76

1Intersections are reported as core lengths and are not necessarily true thickness.  Refer to NI 43-101 technical report on the La Princesa Property prepared for Alcon Silver (Chance, 2023) available online at SEDAR.  All technical information was derived from drill campaigns completed by Caracara Silver (2006-2013) and subject to QAQC protocols administered by Caracara Silver.

Princesa Gallery

News

Media

Alcon Silver Featured Image

Gold Is on the Rise and Reaches All-Time High

Alcon Silver Featured Image

Why Invest In Silver? Because It Is A Good Investment: Facts and Fantasies 2024 – Conclusion

Alcon Silver Featured Image

Silver – Why This One Silver Chart Trendline Is Critical For Silver Investors In 2024

Alcon Silver Featured Image

Gold Is on the Rise and Reaches All-Time High

Alcon Silver Featured Image

Why Invest In Silver? Because It Is A Good Investment: Facts and Fantasies 2024 – Conclusion

Alcon Silver Featured Image

Silver – Why This One Silver Chart Trendline Is Critical For Silver Investors In 2024

Alcon Silver Featured Image

Gold And Silver Prices Higher As The Yen Stages A Spectacular Turnaround

team

robert

Robert Tyson

President & CEO,
Director
Untitled design (18)-modified (1) Background Removed

Dr. John E. Larson, M. Sc., Ph.D.

Director
Bruce-Winfield-M.Sc_.-P.Geo-__1_-removebg-preview-removebg-preview

Bruce Winfield, M.Sc., P.Geo

Director
tim

Tim Marlow, C. Eng

Director
Dave_Cross-modified__2_-removebg-preview

Dave Cross

Chief Financial Officer
2023_-_Photo_-_Brigitte_McArthur-modified-removebg-preview

Brigitte M. McArthur

Corporate Secretary
Darrell-Rader-BBA-__1_-removebg-preview

Darrell Rader, BBA

Advisor

NI 43-101 Independent Qualified Persons

Steven L. Park: Author NI 43-101 Technical Report-Caujul. Graduated Mackay School of Mines at the University of Nevada-Reno, 1983, M.Sc. in Economic Geology. Mr. Park has practiced as a professional geologist more than 30 years in the Americas including more that 20 years continuous exploration experience in Peru. Mr. Park is a member in good standing with the American Institute of Professional Geologists and is a Certified Professional Geologist

Patrick N. Chance: Author NI 43-101 Technical Report-La Princesa. Graduated in 1975 from Queen’s University at Kingston with a B.Sc. (Applied Science) in geological Engineering and graduated from the University of Western Ontario with a M.Sc. in geology in 1981. Mr. Chance is a Professional Engineer in the province of Ontario and has practiced as an exploration geologist for 41 years including with the Mina Tintaya porphyry-skarn resource development project in Peru.

 

Subscribe

Get the latest updates from Alcon Silver Corp.