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TORONTO, Sept. 7,
2022 /CNW/ - Silver Mountain Resources Inc. ("Silver
Mountain", "AGMR", or the "Company") (TSXV: AGMR) (OTCQB: AGMRF)
(BVL: AGMR) is pleased to announce that a team of engineers will
arrive on Friday morning to site at the Company's Castrovirreyna
Project in Huancavelica, Peru to commence the refurbishment
activities at its 2,000tpd concentrator plant.
The first stage of the refurbishment process will be mainly
focussed in the crushing area, including the inspection,
evaluation, and redesign of conveyor belts, chutes, and apron
feeders. Upon the completion of these activities, the Company
expects to focus on the other major areas of the plant such as
Milling, Flotation, Filtering, Thickener and complementary services
as Mechanical, Electrical, and Instrumentation.
Alfredo Bazo, President & CEO
of Silver Mountain Resources stated, "This milestone is the
beginning of our expedited and low capex restart process. We are
looking forward to executing the required activities to allow us to
re-commence production in the short run around December 2023."
Qualified Person
The scientific and technical information contained in this news
release has been reviewed and approved by Antonio Cruz, an independent consultant of the
Company and a Qualified Person within the meaning of National
Instrument 43-101 – Standards of Disclosure for Mineral
Projects.
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine
developer planning to re-commence production at the Reliquias
underground mine and undertake exploration activities at its
prospective silver camps at the Castrovirreyna Project in
Huancavelica, Peru.
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C.
owns 100% of its concessions and holds more than 30,000 ha. in
the district of Castrovirreyna, in Huancavelica, Peru.
Forward Looking
Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of Canadian
securities legislation (collectively, "forward-looking
statements") that relate to Silver Mountain's current
expectations and views of future events. Any statements that
express, or involve discussions as to, expectations, beliefs,
plans, objectives, assumptions or future events or performance
(often, but not always, through the use of words or phrases such as
"will likely result", "are expected to", "expects", "will
continue", "is anticipated", "anticipates", "believes",
"estimated", "intends", "plans", "forecast", "projection",
"strategy", "objective" and "outlook") are not historical facts and
may be forward-looking statements and may involve estimates,
assumptions and uncertainties which could cause actual results or
outcomes to differ materially from those expressed in such
forward-looking statements. No assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this
news release.
Forward-looking statements are based on a number of assumptions
and are subject to a number of risks and uncertainties, many of
which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are
disclosed in or implied by such forward-looking statements. Such
risks and uncertainties include, but are not limited to, the
factors set forth under "Statement Regarding Forward-Looking
Information" and "Risk Factors" in the Company's final
prospectus dated January 26, 2022 and
other disclosure documents available on the Company's profile at
www.sedar.com. Silver Mountain undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be
required by law. New factors emerge from time to time, and it is
not possible for Silver Mountain to predict all of them, or assess
the impact of each such factor or the extent to which any factor,
or combination of factors, may cause results to differ materially
from those contained in any forward-looking statement. Any
forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary
statement.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
SOURCE Silver Mountain Resources Inc.