Silver Mountain Files NI 43-101 Technical Report for Previously Announced Updated Mineral Resource Estimate at the Reliquias Project
March 19 2024 - 5:30PM
Silver Mountain Resources Inc. (“
Silver Mountain”
or the “
Company”) (TSXV: AGMR; OTCQB: AGMRF) today
announces that it has filed an independent technical report
prepared in accordance with National Instrument 43-101 – Standards
of Disclosure for Mineral Projects supporting the updated mineral
resource estimate for its 100% owned Reliquias project in central
Peru.
The technical report entitled “NI 43-101
Technical Report: Mineral Resource Update, Reliquias Mine” dated
March 8, 2024 and with an effective date of January 1, 2024 is
available on SEDAR Plus (www.sedarplus.ca) under the Company’s
issuer profile and will be posted on Silver Mountain’s website at
www.agmr.ca. The Company is pleased to report there are no material
differences between the key results, assumptions and estimates
contained in the news release dated February 7, 2024, and the
content of the technical report filed today.
On Behalf of the Board of Directors of Silver Mountain Resources
Inc.
Alvaro Espinoza, Chief Executive Officer
About Silver Mountain
Silver Mountain Resources Inc. is a silver
explorer and mine developer planning to restart production at the
Reliquias underground mine and undertake exploration activities at
its prospective silver camps at the Castrovirreyna Project in
Huancavelica, Peru.
For additional information in respect of the
Castrovirreyna Project, please refer to the Company’s technical
report, titled NI 43-101 Technical Report: Mineral Resource Update,
Reliquias Mine, dated March 8, 2024, effective date January 1,
2024, available at https://sedarplus.ca.
For further information about our drill program,
including cross sections of the main veins with drill hole
locations, please refer to our corporate presentation, available on
our website at www.agmr.ca
Silver Mountain’s subsidiary Sociedad Minera
Reliquias S.A.C. owns 100% of its concessions and holds more than
60,000 hectares in the district of Castrovirreyna, Huancavelica,
Peru.
For Further Information
Contact:
Alvaro EspinozaChief Executive Officer
Silver Mountain Resources Inc82 Richmond Street
EastToronto, ON M5C 1P1info@agmr.ca www.agmr.ca
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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 "Risk Factors" in the
Company’s annual information form dated August 14, 2023 and other
disclosure documents available on the Company’s profile at
www.sedarplus.ca. 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.
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