Zacatecas Reports High-Grade Oxide Gold Mineral Resource Estimate at the Esperanza Gold Project

VANCOUVER, BC, Nov. 16, 2022 /CNW/ – Zacatecas Silver Corp. (“Zacatecas” or the “Firm”, (TSX: ZAC) (OTC: ZCTSF) (FSE: 7TV) is happy to announce its preliminary Mineral Useful resource Estimate (“MRE”) on the Esperanza Gold Challenge. The MRE was ready by P&E Mining Consultants Inc. (“P&E”) on behalf of the Firm.

Zacatecas Silver Brand (CNW Group/Zacatecas Silver Corp.)

Highlights:

Excessive-grade oxide gold deposit with vital exploration potential.
Whole Measured and Indicated Mineral Useful resource Estimate of 30.5 million tonnes at 0.97 g/t AuEq for 956 thousand ounces AuEq.
Whole Inferred Mineral Useful resource Estimate of 8.7 million tonnes at 0.98 g/t AuEq for 276 thousand ounces AuEq.
Pre-Feasibility Examine underway to assist excessive margin, excessive grade, low-capex and low-cost manufacturing facets of the Esperanza Gold Challenge.

The Esperanza Mineral Useful resource Estimate consists of:

Pit-Constrained Measured and Indicated Mineral Useful resource Estimate of 30.3 million tonnes at 0.97 g/t AuEq (0.92 g/t gold and eight.6 g/t silver) for 941 thousand ounces AuEq (899 thousand ounces gold and eight.4 million ounces silver) and Out-of-Pit Measured and Indicated Mineral Useful resource Estimate of 270 thousand tonnes at 1.73 g/t AuEq (1.58 g/t gold and 11.0 g/t silver) for 15 thousand ounces of AuEq (14 thousand ounces of gold and 96 thousand ounces of silver);
Pit-Constrained Inferred Mineral Useful resource Estimate of 8.3 million tonnes at 0.93 g/t AuEq (0.86 g/t gold and 14.7 g/t silver) for 248 thousand ounces AuEq (229 thousand ounces gold and three.9 million ounces silver) and Out-of-Pit Inferred Mineral Useful resource Estimate of 479 thousand tonnes at 1.83 g/t AuEq (1.77 g/t gold and 11.8 g/t silver) for 28 thousand ounces of AuEq (27 thousand ounces of gold and 182 thousand ounces of silver);
See Desk 1 for Breakdown of Measured and Indicated Mineral Useful resource and steel elements that includes the AuEq disclosure.

Dr. Chris Wilson, Chief Working Officer and a Director of Zacatecas feedback, “This Mineral Useful resource Estimate of 956 thousand Measured and Indicated gold equal ounces and 276 thousand Inferred gold equal ounces will present a robust elementary basis for the Preliminary Feasibility Examine (“PFS”) now underway at Esperanza. With this preliminary excessive grade Mineral Useful resource Estimate full, we are able to deal with the completion of this PFS which can consider economics focusing on a low capex, low price and excessive margin operation that may generate substantial stakeholder profit together with financial, employment, environmental and income alternatives for the encompassing communities.“

Re-logging of historic drill core by the Firm, at the side of Mineral Useful resource modelling by P&E, has confirmed that high-grade mineralization extends down the western limb of the feldspar porphyry intrusion that sits under the skarn mineralization. This interpretation means that metal-rich mineralizing fluids had been sourced from a deeper intrusion to the west which is but to be drilled. Strong gold-silver goal sorts embody disseminated, skarn and alternative sorts in carbonate sediments, and sheeted and stockwork veins throughout the higher carapace of the mineralizing intrusion.

Desk 1: Esperanza Mineral Useful resource Estimate Abstract

Measured and Indicated Mineral Useful resource Estimate ^(1-9)

Useful resource Space	Tonnes (ok)	Au g/t	Ag g/t	Au koz	Ag koz	AuEq g/t	AuEq koz
Measured (Pit- Constrained)	4,194	1.01	6.1	137	827	1.04	141
Measured (Out-of-Pit)	10	1.89	14.5	1	5	1.96	1
Indicated (Pit- Constrained)	26,074	0.91	9.1	762	7,587	0.95	800
Indicated (Out-of-Pit)	260	1.57	10.9	13	91	1.62	14
Whole	30,538	0.93	8.7	913	8,510	0.97	956

Inferred Mineral Useful resource Estimate ^(1-8)

Useful resource Space	Tonnes (ok)	Au g/t	Ag g/t	Au koz	Ag koz	AuEq g/t	AuEq koz
Inferred (Pit- Constrained)	8,258	0.86	14.7	229	3,905	0.93	248
Inferred (Out-of-Pit)	479	1.77	11.8	27	182	1.83	28
Whole	8,737	0.91	14.5	256	4,087	0.98	276

Notes:
(1)	Mineral Sources, which aren’t Mineral Reserves, should not have demonstrated financial viability.
(2)	The estimate of Mineral Sources could also be materially affected by environmental allowing, authorized title, taxation, socio-political, advertising or different related points.
(3)	Sources are labeled in keeping with Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Requirements (2014) and CIM Finest Practices (2019);
(4)	The Inferred Mineral Useful resource on this estimate has a decrease degree of confidence than that utilized to an Indicated Mineral Useful resource and should not be transformed to a Mineral Reserve. It’s moderately anticipated that almost all of the Inferred Mineral Useful resource may very well be upgraded to an Indicated Mineral Useful resource with continued exploration.
(5)	Gold equal Mineral Sources for the Esperanza Gold Challenge had been calculated utilizing the next steel costs: Au at US $1,700 and Ag at US $22/oz.
(6)	Metallurgical recoveries have been estimated to be 70% gold and 25% silver.
(7)	The Mineral Useful resource Estimate makes use of a cut-off of 0.2 g/t AuEq for Pit-Constrained and 1.2 g/t AuEq for Out-of-Pit primarily based on US$/tonne prices of $2.50/mining, $6.50 processing and $1.25 G&A.
(8)	AuEq = Au g/t + (Ag g/t x 0.005)
(9)	Out-of-pit MRE blocks had been reviewed for grade and geometric continuity. Remoted/orphaned and single block width strings of blocks had been eliminated in an effort to solely report Mineral Sources with an affordable prospect of financial extraction.

The Firm will file the Nationwide Instrument 43-101 Technical Report that helps the disclosure of the Mineral Useful resource Estimate inside 45 days of this information launch.

Mineral Useful resource Estimate Assumptions

The Mineral Useful resource Estimate was generated utilizing inverse distance cubed for gold and silver for grade interpolation inside a 3-D block mannequin, constrained by mineralized zones outlined by wireframes strong fashions. 1.5m capped composites had been used for grade interpolation. Search ellipse ranges for Measured and Indicated Mineral Useful resource grade interpolation had been respectively 20 and 40 m. The majority density values used within the Mineral Useful resource Estimate had been derived from 71 samples collected throughout re-assaying of historic drill core accomplished by the Firm.

The database for the Mineral Useful resource Estimate consisted of 399 drill holes totalling 69,924 m of which a complete of 341 drill holes totalling 15,034 m intersected the mineralization wireframes used for the Mineral Useful resource Estimate. The drill gap database contained assays for silver and gold in addition to different metals of no financial significance. The Firm’s seasoned exploration crew carried out in depth knowledge verification on the historic database by re-sampling 2,080 gold-silver mineralized historic pattern intervals, being roughly 20% of pattern intervals used within the Mineral Useful resource Estimate (being these samples above the 0.2 g/t cut-off grade) and roughly 5% of all pattern assay leads to your entire historic database. Drill gap collar location verification surveying and customary bulk density re-measurement was additionally accomplished, this confirmed historic collar areas had been correct and historic bulk density measurements had been legitimate.

Engagement of Investor Relations

The Firm has additionally entered into an settlement with Gold Commonplace Media (“GSM”) and with Future Cash Traits LLC (“FMT”) to lift consciousness of the Firm’s shares amongst buyers. The engagement is for 12 months of companies, with quantities payable as follows: USD $100,000 on acceptance of the TSX Enterprise Alternate, USD $100,000 inside 3 months, USD $100,000 inside 6 months and USD $100,000 inside 9 months. Topic to TSX Enterprise Alternate acceptance, the actions will begin late November, 2022 and are for a interval of 1 yr.

Neither GSM nor FMT nor its associates personal any securities of the Firm. FMT manages a advertising crew headquartered in Austin, Texas, and has carried out advertising companies for a broad vary of corporations listed on exchanges from the TSX Enterprise Alternate to the New York Inventory Alternate since 2010. FMT and GSM are managed by Kenneth Ameduri.

Certified Particular person

The contents of this information launch have been reviewed and accepted by Chris Wilson, B.Sc. (Hons), PhD, FAusIMM (CP), FSEG, Chief Working Officer of Zacatecas, and by Eugene Puritch, P.Eng, FEC, CET, President of P&E Mining Consultants Inc., who’s unbiased of the Firm. Dr. Wilson and Mr. Puritch are Certified Individuals as outlined by NI 43-101. Dr. Wilson is the Certified Particular person for all technical data on this information launch, excluding the Mineral Useful resource Estimate.

About Zacatecas Silver Corp.

Zacatecas has two key initiatives. The Esperanza Gold Challenge in Morelos State, Mexico and the Zacatecas Silver Challenge in Zacatecas State, Mexico.

Esperanza is a sophisticated stage, enticing low-cost, low-capital-intensity and low-technical-risk progress challenge positioned in Morelos state, Mexico. Alamos has progressed the challenge by way of superior engineering, together with metallurgical work, whereas additionally specializing in stakeholder engagement, together with constructing neighborhood relations. Zacatecas introduced a Mineral Useful resource Estimate at Esperanza consisting of a Measured and Indicated Mineral Useful resource Estimate of 30.5 million tonnes at 0.97 g/t AuEq for 956 thousand ounces AuEq and an Inferred Mineral Useful resource estimate of 8.7 million tonnes at 0.98 g/t AuEq for 277 thousand ounces AuEq.

The Zacatecas Silver Challenge is positioned in Zacatecas state, Mexico, throughout the extremely potential Fresnillo silver belt, which has produced over 6.2 billion ounces of silver. The corporate holds 7,826 hectares (19,338 acres) of floor that’s extremely potential for low-sulphidation and intermediate-sulphidation silver base steel mineralization and probably low-sulphidation gold-dominant mineralization. . On December 15, 2021, Zacatecas introduced a Mineral Useful resource Estimate on the Panuco Deposit consisting of two.7 million tonnes at 187 grams per tonne (g/t) silver equal (AgEq) (171 g/t silver (Ag) and 0.17 g/t gold (Au)) for 16.4 million ounces AgEq (15 million ounces silver and 15,000 ounces gold) (See information launch dated December 14, 2021).

The property is 25 kilometres (km) southeast of MAG Silver Corp.’s Juanicipio Mine and Fresnillo PLC’s Fresnillo Mine. The Property shares widespread boundaries with Pan American Silver Corp. claims and El Orito, which is owned by Endeavour Silver.

On behalf of the Firm
Bryan Slusarchuk
Chief Government Officer and Director

Ahead-Trying Statements

Data set forth on this information launch accommodates forward-looking statements which can be primarily based on assumptions as of the date of this information launch. These statements mirror administration’s present estimates, beliefs, intentions and expectations. They don’t seem to be ensures of future efficiency. Zacatecas cautions that each one ahead wanting statements are inherently unsure and that precise efficiency could also be affected by many materials components, a lot of that are past their respective management. Such components embody, amongst different issues: dangers and uncertainties regarding Zacatecas’ restricted working historical past, its proposed exploration and improvement actions on its Esperanza Gold Challenge and Zacatecas Silver Challenge and the necessity to adjust to environmental and governmental rules. Accordingly, precise and future occasions, situations and outcomes might differ materially from the estimates, beliefs, intentions and expectations expressed or implied within the forward-looking data. A Pre-Feasibility Examine has commenced for the Esperanza Gold Challenge which can present additional data as to financial projections and assumptions associated to the challenge, nevertheless there are at present no assurances that the challenge can be economically viable nor assurances that essential financing, allowing, and steel costs will exist to allow improvement. Besides as required beneath relevant securities laws, Zacatecas doesn’t undertake to publicly replace or revise forward-looking data.

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Alternate) accepts accountability for the adequacy or accuracy of this launch.