Silver is in record demand across all major industries, including jewelry, despite investors’ continued avoidance of the precious metal.
A record 235 million ounces of jewelry have been purchased globally this year, up 29% from the previous year, according to Metals Focus’ most recent global silver report.
The global demand for silver was projected to reach a record high of 1.112 billion ounces (340 million kg) in 2022 according to the Silver Institute, a marketing organization supported by the silver industry.
As silver demand continues to rise, investors are paying closer attention to junior silver exploration companies. One company that could potentially benefit from a silver bull run is Tier One Silver (TSXV:TSLV) (OTCQB:TSLVF).
Tier One’s management and technical teams have had prior exploration successes by identifying high-quality projects and producing promising exploration results,ultimately creating shareholder value. The Company’s exploration assets include two high potential projects in Peru, Hurricane and the company’s flagship project, Curibaya, both of which have demonstrated significant silver grades through initial programs.
Tier One Silver recently reported the results of rock and channel sampling from the highest priority silver target area on the Hurricane project in southern Peru. This includes 1 meter of 852.5 g/t silver (Ag), 1 meter of 522.5 g/t silver (Ag), and 2 meters of 232.5 g/t silver (Ag). The footprint of mineralization continues to increase as the company explores. To date, 4 kilometers of vein corridors have been discovered, and historical workings have been found in the area which generally indicates the presence of high-grade minerals. Another important target at Hurricane also contains copper and nickel, making the project the first known district of copper-nickel in Peru.
However, most exciting may be the company’s upcoming drill program at its Curibaya project. Multiple high-grade intercepts were hit in the inaugural program at the project, including 1.5 m of 1,129 g/t silver, 1.04 g/t gold in a larger interval of 7 m of 272 g/t silver, 0.33 g/t gold and 1 m of 1,431 g/t silver, 0.39 g/t gold within a broader interval of 1.5 m of 965 g/t silver, 0.26 g/t gold.
Tier One Silver provides the opportunity for multiple new silver discoveries, and the company is well-positioned to benefit from the unrelenting global demand for the metal. Tier One trades on US, Canadian and European stock exchanges, giving investors a chance to be part of an exploration success that could potentially generate returns far greater than what is typically seen by investing in the commodity itself.
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This is a paid communication of Tier One Silver Inc. Technical information herein regarding its mineral projects has been approved by its Senior VP Exploration, Christian Rios, P Geo, a Qualified Person.
Information About This Article And Cautionary
The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional.
Mining is a high risk business and very few junior mineral exploration companies are ultimately successful in finding a mine. For information about the risks facing Tier One and the limitations inherent in any forward looking statements in the Article see Tier One Silver Inc.’s regulatory filings at www.SEDAR.com.
Christian Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and assumes responsibility for the technical contents of this report.
Rock grab samples are selective samples by nature and as such are not necessarily representative of mineralization hosted across the property. The rock grab samples represent vein samples that range in width from 5 centimeter to 1 meter and are situated in north-south structural corridors. These veins are an indication of metal budget; however, are not the target themselves. The Company believes that concentrations of precious metal veins can occur along the defined structural corridors and that geologic targets include high-grade veins in excess of 1 meter width, vein stockwork zones, and hydrothermal breccias that could be found through exploratory drilling.Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:
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