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TORONTO, June 26,
2024 /CNW/ - Silver Mountain Resources Inc.
("Silver Mountain" or the "Company") (TSXV: AGMR)
(OTCQB: AGMRF) today announces that it has filed an independent
technical report prepared in accordance with National Instrument
43-101 - Standards of Disclosure for Mineral Projects supporting
the previously announced preliminary economic assessment for the
Company's 100% owned Reliquias Mine in central Peru.
The technical report entitled "NI 43-101 Technical Report:
Preliminary Economic Assessment, Reliquias Mine" dated June 4, 2024 and with an effective date of
May 15, 2024 is available on SEDAR
Plus (www.sedarplus.ca) under the Company's issuer profile and will
be posted on Silver Mountain's website at www.agmr.ca. The Company
is pleased to report there are no material differences between the
key results, assumptions and estimates contained in the news
release dated May 15, 2024, and the
content of the technical report filed today.
On Behalf of the Board of Directors of Silver Mountain Resources
Inc.
Alvaro Espinoza, Chief Executive
Officer
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine
developer planning to restart production at the Reliquias
underground mine and undertake exploration activities at its
prospective silver camps at the Castrovirreyna Project in
Huancavelica, Peru.
For additional information in respect of the Castrovirreyna
Project, please refer to the Company's technical report, titled NI
43-101 Technical Report: Preliminary Economic Assessment, Reliquias
Mine, dated June 4, 2024, effective
date May 15, 2024, available at
https://sedarplus.ca.
For further information about our drill program, including cross
sections of the main veins with drill hole locations, please refer
to our corporate presentation, available on our website at
www.agmr.ca
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C.
owns 100% of its concessions and holds more than 60,000 hectares in
the district of Castrovirreyna, Huancavelica, Peru.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of Canadian
securities legislation (collectively, "forward-looking statements")
that relate to Silver Mountain's current expectations and views of
future events. Any statements that express, or involve discussions
as to, expectations, beliefs, plans, objectives, assumptions or
future events or performance (often, but not always, through the
use of words or phrases such as "will likely result", "are expected
to", "expects", "will continue", "is anticipated", "anticipates",
"believes", "estimated", "intends", "plans", "forecast",
"projection", "strategy", "objective" and "outlook") are not
historical facts and may be forward-looking statements and may
involve estimates, assumptions and uncertainties which could cause
actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this news release should not
be unduly relied upon. These statements speak only as of the date
of this news release.
Forward-looking statements are based on a number of assumptions
and are subject to a number of risks and uncertainties, many of
which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are
disclosed in or implied by such forward-looking statements. Such
risks and uncertainties include, but are not limited to, the
factors set forth under "Risk Factors" in the Company's
annual information form dated April 26,
2024 and other disclosure documents available on the
Company's profile at www.sedarplus.ca. Silver Mountain undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by law. New factors emerge from time to
time, and it is not possible for Silver Mountain to predict all of
them or assess the impact of each such factor or the extent to
which any factor, or combination of factors, may cause results to
differ materially from those contained in any forward-looking
statement. Any forward-looking statements contained in this news
release are expressly qualified in their entirety by this
cautionary statement.
SOURCE Silver Mountain Resources Inc.