Kuya Silver Participates in Winning Bid for Umm Hadid Silver Project, Kingdom of Saudi Arabia
Kuya Silver Participates in Winning Bid for Umm Hadid Silver Project, Kingdom of Saudi Arabia
Consortium of Sumou Holding and Kuya Silver awarded 246 km2 license for metals exploration
Sumou Holding 和 Kuya Silver 联合会获得 246 千米2 金属勘探许可证
Toronto, Ontario--(Newsfile Corp. - February 15, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that in partnership with Sumou Holding ("Sumou"), a world-class investment holding company based in the Kingdom of Saudi Arabia ("KSA"), has been awarded the Umm Hadid mineral exploration license, located in central KSA. The announcement of the award was made at the recent Future Minerals Forum in Riyadh, KSA, by His Excellency Mr. Bandar Alkhorayef, Minister of Industry and Mineral Resources.
安大略省多伦多--(Newsfile Corp.,2024 年 2 月 15 日)——Kuya Silver Corporation(CSE:KUYA)(场外交易代码:KUYAF)(FSE:6MR1)(the”公司“或”库亚·西尔弗“)很高兴地宣布,与总部位于沙特阿拉伯王国(“KSA”)的世界级投资控股公司Sumou Holding(“Sumou”)合作获得了位于沙特阿拉伯中部的乌姆·哈迪德矿产勘探许可证。该奖项是由工业和矿产资源部长班达尔·阿尔科拉耶夫先生阁下在最近在沙特利雅得举行的未来矿业论坛上宣布的。
Earlier in 2023, Kuya Silver was invited to form a consortium with Sumou for the purpose of bidding on the Umm Hadid project in a recent round of mineral exploration properties opened for acquisition in 2023, and the consortium was successfully pre-qualified in June 2023. Kuya Silver provided the technical expertise for the consortium, which outlined a comprehensive five-year exploration plan focused on defining resources at the Umm Hadid Silver Project, and advancing mine development at an accelerated pace. Sumou, will be the primary financial partner, and provided important local expertise and funding for the bid, including a bond representing a portion of the committed exploration budget.
2023年早些时候,Kuya Silver受邀与Sumou组成了一个财团,目的是竞标2023年开放收购的最新一轮矿产勘探地产中的乌姆·哈迪德项目,该财团于2023年6月成功通过资格预审。Kuya Silver为该财团提供了技术专业知识,该财团概述了一项全面的五年勘探计划,重点是定义Umm Hadid Silver项目的资源,并加快矿山开发。Sumou将成为主要的财务合作伙伴,并为竞标提供了重要的当地专业知识和资金,包括占承诺勘探预算一部分的债券。
In return for its technical leadership role in the winning bid, Kuya Silver will be granted a 5% interest in a new company to be established by the consortium in KSA and expects to earn a larger interest over time by entering into and fulfilling a longer-term agreement as the technical operator of the project.
作为回报其在中标中发挥的技术领导作用,Kuya Silver将获得该财团将在沙特阿拉伯成立的一家新公司的5%权益,并预计通过签订和履行作为该项目技术运营商的长期协议,随着时间的推移,Kuya Silver将获得更大的利息。
The Umm Hadid project covers approximately 246 square kilometers (14 x 18 km), is located near the centre of the Arabian Peninsula, and based on limited historical exploration, is believed to be prospective for silver, gold and base metals. The property hosts NW trending Proterozoic rocks and is interpreted to be cored by a large granodiorite intrusion and two large, crustal-scale NW-trending shear zones are located on either side of the property. Limited 1970s and 80s era trenching and drilling work done by BRGM (French geological survey) uncovered and traced several mineralized veins, seemingly trending NW and NE, and hosting silver, gold, copper, lead and zinc. The mineralization is thought to be hosted in narrow, high-grade orogenic veins, but the mineralization could also potentially be epithermal.
Umm Hadid项目占地约246平方千米(14 x 18千米),位于阿拉伯半岛中心附近,基于有限的历史勘探,被认为具有开采银、黄金和基本金属的前景。该物业拥有朝西北方向的元古代岩石,据解释为由大型花岗闪长岩侵入体岩芯构成,两个大型地壳尺度朝西北方向的剪切带位于该物业的两侧。BRGM(法国地质调查局)在20世纪70年代和80年代进行的有限挖沟和钻探工作发现并追踪了几条矿化矿脉,这些矿脉看似呈西北和东北趋势,并含有银、金、铜、铅和锌。据认为,矿化作用存在于狭窄的高品位造山脉中,但矿化也可能是浅热的。
Kuya Silver's President and CEO, David Stein stated, "Kuya Silver is very excited to be a part of this exciting project, which demonstrates strong potential in a vastly underexplored region. We believe the KSA is a very favourable jurisdiction to develop mining projects, with government support and fiscal incentives for the sector. With a strong partnership established with Sumou Holding, Kuya Silver sees the foundation for a successful and well-funded mineral exploration and development project over the coming years. The opportunity for Kuya Silver to take a leadership role developing this high-profile project in the KSA may also open other opportunities for the Company in the future."
Kuya Silver总裁兼首席执行官戴维·斯坦表示:“Kuya Silver很高兴能参与这个激动人心的项目,该项目在开发严重不足的地区显示出强大的潜力。我们认为,在政府的支持和财政激励下,沙特阿拉伯是开发采矿项目的非常有利的司法管辖区。通过与Sumou Holding建立了牢固的合作伙伴关系,Kuya Silver为未来几年成功且资金充足的矿产勘探和开发项目奠定了基础。Kuya Silver有机会在沙特阿拉伯领导开发这个备受瞩目的项目,也可能为公司未来开辟其他机会。”
Figure 1: Map showing the Umm Hadid property located in the central part of the Kingdom of Saudi Arabia (KSA) at 1:2,500,000 scale.
图 1:该地图显示了位于沙特阿拉伯王国 (KSA) 中部的乌姆·哈迪德房产,比例为 1:2,50,000。
National Instrument 43-101 Disclosure
国家仪器 43-101 披露
The technical content of this news release has been reviewed and approved by Mr. David Lewis, P.Geo., Vice President Exploration of Kuya Silver and a Qualified Person as defined by National Instrument 43-101.
本新闻稿的技术内容已由P.Geo大卫·刘易斯先生、Kuya Silver勘探副总裁和National Instrument 43-101定义的合格人员的审查和批准。
About Kuya Silver Corporation
关于 Kuya Silver 公司
Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.
Kuya Silver 是一家总部位于加拿大的矿产勘探和开发公司,专注于收购、勘探和开发秘鲁和加拿大的贵金属资产。
For more information, please contact:
欲了解更多信息,请联系:
David Stein, President and Chief Executive Officer
Telephone: (604) 398‐4493
info@kuyasilver.com
大卫·斯坦,总裁兼首席执行官
电话:(604) 398‐4493
info@kuyasilver.com
Reader Advisory
读者咨询
This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
本新闻稿包含构成 “前瞻性信息” 的陈述,包括有关公司、其董事或高级管理人员对公司未来业务活动的计划、意图、信念和当前预期的陈述。“可能”、“将”、“可能”、“将”、“打算”、“计划”、“预测”、“相信”、“估计”、“期望”、“必须”、“下一步”、“提议”、“新”、“潜在”、“目标”、“未来”、“边缘”、“有利”、“影响” 和 “持续” 等词语以及类似的表述,与公司或其管理层有关的,旨在识别此类前瞻性信息。投资者请注意,包括前瞻性信息在内的陈述不能保证未来的业务活动,涉及风险和不确定性,由于各种因素,包括但不限于市场价格的波动、公司经营的成功、资本和融资的持续可用性以及总体经济、市场和业务状况,公司的未来业务活动可能与前瞻性信息中描述的业务活动存在重大差异。无法保证此类前瞻性信息会被证明是准确的,因此,建议读者依靠自己对风险和不确定性的评估。除非适用的证券法要求,否则公司不承担任何更新任何前瞻性信息的义务。
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
加拿大证券交易所和加拿大投资行业监管组织均不对本新闻稿的充分性或准确性承担责任。
译文内容由第三方软件翻译。