VANCOUVER, BC, March 15, 2022 /CNW Telbec/ - Zacatecas Silver
Corp. ("Zacatecas Silver" or the "Company") (TSXV: ZAC) (OTC
Markets: ZCTSF) (Frankfurt: 7TV)
is pleased to announce the appointment of Nancy La Couvee to the Company's Board of
Directors.
Ms. La Couvee is currently Corporate Secretary for K92 Mining
Inc., and is a governance professional with comprehensive senior
level experience in the public and private resource sectors. Ms. La
Couvee is strongly attuned to corporate governance and statutory
compliance frameworks and has significant mining industry
experience with a wide range of corporate and financial
transactions.
Ms. La Couvee is a Member of Governance Professionals of
Canada (GPC) and the Chartered
Governance Institute of Canada
(CGI).
CEO and Director, Bryan Slusarchuk, states, "It is a pleasure to
welcome Nancy to the Board of Directors. Through her role at K92
and throughout her career, she has demonstrated skills and
execution ability that will serve the Zacatecas Board well. Her addition as a
Director is an important one as we progress from having an
excellent silver exploration and expansion drill-stage asset to
additionally having an advanced stage high-grade gold oxide project
moving towards production."
Concurrent with this appointment, Ms. La Couvee will be granted
400,000 incentive share purchase options at an exercise price of
$1.20 and a 5-year expiry from the
date of issuance.
The Board of Directors, post the appointment of Ms. La Couvee,
consists of Bryan Slusarchuk, John
Lewins, Chris Wilson,
Jonathan Richards, Charles Hethey and Nancy
La Couvee.
About Zacatecas Silver Corp.
The Zacatecas Silver property is in Zacatecas State,
Mexico, within the highly
prospective Fresnillo Silver Belt, which has produced over 6.2
billion ounces of silver. The company holds 7,826 ha (19,338 acres)
of ground that is highly prospective for low and intermediate
sulphidation silver-base metal mineralization and potentially low
sulphidation gold-dominant mineralization. On December 15, 2021, Zacatecas announced a mineral resource
estimate at the Panuco Deposit consisting of 2.7 million tonnes at
187 g/t AgEq (171 g/t Ag and 0.17 g/t Au) for 16.4 million ounces
AgEq (15 million ounces silver and 15 thousand ounces gold) (see
news release dated December 15,
2021).
The property is 25 km south-east of MAG Silver Corp.'s
Juanicipio Mine and Fresnillo PLC's Fresnillo Mine. The property
shares common boundaries with Pan American Silver Corp. claims and
El Orito which is owned by Endeavour Silver. There are four main
high-grade silver target areas within the Zacatecas concessions: the Panuco Deposit,
Muleros, El Cristo and San Manuel-San Gill. The Property also
includes El Oro, El Orito,
La Cantera, Monserrat, El Peñón,
San Judas and San Juan silver-base metal vein targets. These
targets are relatively unexplored and will be the focus of rapid
reconnaissance.
In addition, Zacatecas Silver Corp. has entered into a share
purchase agreement dated Feb. 28,
2022, with Minas De Oro Nacional SA De CV, a subsidiary of
Alamos Gold Inc., to acquire the advanced-stage Esperanza gold project, located in
Morelos state, Mexico.
The Esperanza gold project as
an attractive low-cost, low-capital-intensity and
low-technical-risk growth project located in Morelos state, Mexico. Alamos has advanced the project through
advanced engineering, including metallurgical work, while also
focusing on stakeholder engagement, including building community
relations.
On behalf of the Company
Bryan Slusarchuk
Chief Executive Officer and Director
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. Zacatecas Silver cautions
that all forward looking statements are inherently uncertain and
that actual performance may be affected by many material factors,
many of which are beyond their respective control. Such factors
include, among other things: risks and uncertainties relating to
Zacatecas Silver's limited operating history, its proposed
exploration and development activities on is Zacatecas Properties
and the need to comply with environmental and governmental
regulations. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward-looking information. Except as required under applicable
securities legislation, Zacatecas Silver does not undertake to
publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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SOURCE Zacatecas Silver Corp.