July 27, 2021, Vancouver, British Columbia - New Tech Minerals Corp. NTM-CSE (“New Tech” or the “ Company”) is pleased to announce that through its wholly owned Mexican subsidiary, NTM Minerales SA de CV, it has acquired, by staking, an additional mineral concession surrounding its La Escondida Silver-Gold project in Sonora, Mexico.
The new concession, La Tortuga 2, is comprised of 4,000 hectares and provides coverage of potential extensions to the three principal structures that are exposed at surface on the La Escondida concession, which returned significant silver values,( up to 1,150 g/t Ag), from New Tech’s sampling program conducted earlier this year.
As recently announced, all permits for further exploration have been approved, providing for drilling 41 holes, and excavation of 50 trenches. A maiden drill program is being planned and will target those areas where the most promising silver and gold grades were encountered with surface sampling.
About La Escondida Silver-Gold Project
The La Escondida Project is comprised of two contiguous concessions (total 178 hectares) located approximately 140 kilometers northeast of Hermosillo, Sonora, Mexico. Historical and recent descriptions of the veins, which are exposed intermittently for as much as 800 metres along strike, are consistent with a silver-rich epithermal origin, but the project is located within the region of orogenic gold deposits that includes La Herradura, Noche Buena, El Chanate and San Francisco.
Several small artisanal workings are present along the east-west trend for 600 metres. Historical rock-chip sampling along the veins and structures returned values of up to 1,893 g/t Ag and up to 5.4 g/t Au.
Qualified Person:
Mr. Steven I. Weiss, PhD, CPG is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this news release.
On behalf of the Board of Directors
“Jonathan George”, President & CEO
Neither the OTCQX nor the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, statements relating to plans for development, and the magnitude and quality, of the La Escondida Project. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties; (i) risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of mineral properties; (i) risks relating to the estimation of mineral resources; (v) stock market volatility and capital market fluctuations; and (vi) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada at www.sedar.com. The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law.