Highlander Silver Acquires San Luis Gold-Silver Project in Peru

Vancouver, BC - Highlander Silver Corp. (CSE:HSLV) has announced the acquisition of the San Luis gold-silver project from SSR Mining Inc. Located in the Ancash Department of central Peru, the project boasts historical measured and indicated resources of 348,000 ounces of gold grading 22.4 g/t, and 9,003,300 ounces of silver grading 578.1 g/t.

The acquisition is seen as transformational for Highlander Silver. The extensive property spans 23,098 hectares and offers significant exploration potential. The company plans a comprehensive geological mapping and sampling program to identify priority targets for further exploration.

Funding for the acquisition came from the Augusta Group, the Lundin family, and Eric Sprott. Highlander Silver aims to build strong, long-lasting relationships with local communities as part of the project development.

The company acquired the project through a $5 million cash payment, with potential additional payments totaling up to $37.5 million contingent upon achieving certain milestones. A 4% net smelter returns royalty has been granted to SSR Mining, with an option to buy back half for $15 million before construction.