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GlobeNewswire

VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) — Rio Silver Inc. (“Rio Silver” or the “Firm”) (TSX.V: RYO) (OTC: RYOOF), introduced that it has filed, on SEDAR, an unbiased Technical Report (the “Technical Report”) ready in accordance with Nationwide Instrument 43101 for the Niñobamba Au-Ag Undertaking in South Central Peru.

The 100% owned 4100 ha Niñobamba property encompasses historic exploration from 2002 by the earlier operators Anglo Gold, Bear Creek and Newmont. The report highlights the newly found gold wealthy zones recognized by Firm Geologists in 2012 – 2013. The report notes the fashion of treasured metallic mineralization and the conceptual modeling exhibiting the connection to the recognized widespread silver-rich mineralization initially documented by each Anglo Gold and Newmont and the newly found gold zones. The newly found gold mineralization by the Firm is hosted in oxidized vuggy silica sort alteration typical of the excessive sulphidation methods, whereas the laterally widespread pure silver mineralization is taken into account to be related to low sulphidation sort alteration. General, the dear mineralization on the Niñobamba Property exhibits a typical Andean epithermal system which hosts a number of host class orebodies in Peru.

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The Firm is planning a 1500m preliminary drill program for This fall, 2022 together with a sequential program of broadly spaced hand dug pits primarily targeted within the colluvium/alluvium downslope from the recognized gold and silver zones. Initially the drill program will focus within the North Zone the place, in 2012, the Firm uncovered in depth gold-silver mineralization in trenches that was not acknowledged by earlier operators.

Trench-01 was positioned within the space the place Anglogold drilled an intercept of 130 metres of two.8 oz/t Ag. This trench uncovered in depth high-sulphidation alteration returning a formidable 56 metres averaging 1.03 g/t Au and 98.9 g/t Ag. Additional trenching 400 metres southwest and alongside strike continued to show typical vuggy silica high-sulphidation-type alteration with the final 21 metres in Trench-04 returning 1.32 g/t Au and 102 g/t Ag. The extent of the mineralization continues underneath deep colluvium. The final pattern within the trench returned 0.53 g/t Au and 82 g/t Ag.

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For the reason that gold mineralization in these methods is younger and strongly oxidized, it is not uncommon to find a major quantity of gold within the colluvium and/or alluvium close to outcropping gold zones hosted in vuggy silica altered host rocks. An instance of such a gold useful resource is the La Quinua Zone at Newmont’s Yanacocha Mine’s gold mine in Northern Peru. The La Quinua Gold Zone is hosted in unconsolidated sediments eroded from the primary Yanacocha ore physique. The Firm can be happy to report negotiations are being finalized with native stakeholders to facilitate the fast graduation of the deliberate Q3 2022 Diamond Drilling and Exploration marketing campaign as soon as concluded.

As well as, the corporate has additionally shipped and offered 31 mt of oxide gold materials from its 50-per-cent-owned Palta Dorada gold-silver-copper property (Palta Dorada) to Inca One’s Kori One processing plant positioned in southern Peru. The common grade of the oxide materials was 8.8 g/t Au and 74 g/t Ag. The Firm is continuous to rehabilitate previous workings to be able to attain the sulphide Cu-Au-Ag materials for assortment and processing of a bulk pattern at its companions close by Aguila Norte sulphide plant. The corporate will proceed to ship and promote the oxide gold materials to 3rd get together toll mills designed to deal with such a oxide materials. “We’re extraordinarily happy to lastly have all of the flagship Niñobamba AU-AG Undertaking encapsuled in a single doc. Pouring by means of the historic knowledge as soon as once more has make clear the mixed potentials that very low price heap leaching of the just lately recognized gold wealthy vuggy silica models can carry,” stated CEO Chris Verrico. “This underpins our future improvement of the large silver wealthy deposits recognized within the historic drilling and additional within the more moderen trenching marketing campaign, performed by the Firm in 2012. Niñobamba covers a giant space and measurement issues,” he added.

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Certified Individuals

Jeffrey Reeder P. Geo, Geological Marketing consultant and “Certified Individual” underneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”), has reviewed and authorised the scientific and technical info on this press launch for accuracy and compliance with NI 43-101.

About Rio Silver Inc.

Rio Silver is a useful resource firm that has been selectively figuring out and buying treasured metallic property that afford the very best leverage and returns in anticipation of an more and more extra favorable treasured metals bull market. Bulk sampling could also be ramped up if profitable and will develop into a cashflow to help the Firm’s general exploration plans in a non-dilutive, shareholder pleasant means.

For extra info contact:

Christopher Verrico, President, CEO

Tel: (604) 762-4448

E mail: chris.verrico@riosilverinc.com

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