Halcones Precious Metals Announces Commencement of Legal Process to Secure Surface Access to Polaris Project, Chile

Article content

Ian Parkinson, CEO and Director, of Halcones:

Article content

“Polaris is an exciting Project that requires diamond drilling. The surface signature is compelling. Demonstrating the depth continuation of what has been outlined on surface is the next logical step for Halcones and Polaris.”

Article content

Figure 1. Planned first phase of drilling at Polaris Project

Article content

Article content

Figure 2. Polaris Project outcrop sampling distribution.

Article content

Article content

QA/QC

Article content

Using a hammer and a rock chisel, a chip sample is carried out uniformly over at least 1 meter sections, ensuring complete collection and homogeneity in order to achieve proper representation of the sample. The sample is collected perpendicular to the dominant strike of the structures and the sample mass must be a minimum of 2 kg. In the event that the outcrop presents some mineralized structure, an independent sample will be taken only from the mineralized structure and an independent sample from the host rock on both sides of the structure. This process is designed to limit bias due to high grading sample collection.

Article content

All samples were bagged and sealed on site and delivered directly by the Project Geologist to ANDES ANALYTICAL
ASSAY
Laboratory in Copiapó, Chile. After sample preparation at ANDES ANALYTICAL ASSAY Laboratory in Copiapó, split pulp samples were shipped to ANDES ANALYTICAL ASSAY in Santiago, Chile for assaying gold by fire assay (AEF_AAS_1E42-FF), and for analyzing 34 other elements, including silver, by four acids (ICP_AES_AR34m1).

Article content

Article content

ANDES ANALYTICAL ASSAY is an independent laboratory certified with a global quality management system that meets all requirements of International Standards ISO/IEC 17025:2017, includes its own internal quality control samples comprising certified reference materials, blanks, and pulp duplicates.

Article content

Qualified Person

Article content

The scientific and technical information in this news release has been reviewed and approved by Mr. David Gower, P.Geo., as defined by National Instrument 43-101 of the Canadian Securities Administrators. Mr. Gower is a consultant of the Company and is not considered independent of Halcones.

Article content

About Halcones Precious Metals Corp.

Article content

Halcones is focused on exploring for and developing gold-silver projects in Chile. The Company has a team with a strong background of exploration success in the region.

Article content

For further information, please contact:

Article content

Article content

Article content

Cautionary Note Regarding Forward-looking Information

Article content

Article content

A qualified person, as defined in National Instrument 43-101, has not done sufficient work on behalf of Halcones to classify any historical grades, production or results reported above as current mineral resources or mineral reserves. The historical data should not be relied upon.

Article content

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, regarding the prospectivity of the Project, the Company’s ability to obtain surface rights to the Project, the legal regime in Chile, the Company’s ability to complete a mineral resource estimate on the Project, the mineralization of the Project, the Company’s exploration program, the Company’s ability to explore and develop the Project and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halcones, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Halcones has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking information. Halcones does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Article content

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Article content

Photos accompanying this announcement are available at

Article content

Article content

Article content

Article content

Article content

Article content

Article content

Article content