Positive Drill Results Demonstrate Potential to Increase
Resources near All Operations
VANCOUVER, British Columbia,
Jan. 9, 2017 /CNW/ -- Tahoe
Resources Inc. ("Tahoe" or the "Company") (TSX: THO; NYSE:
TAHO) is pleased to announce results of the Company's 2016
exploration programs at its three areas of operation in
Peru, Canada and
Guatemala.
Key Highlights
- Identification of new zones of near-pit, sandstone-hosted oxide
mineralization at Shahuindo in Peru, which is expected to support future pit
expansions.
- Significant extensions of mineralization in the 144 Trend, deep
Timmins West, Bell Creek, Vogel, Whitney and Gold
River zones in the Timmins
district of Canada.
- Extensions laterally and vertically from the Central and East
zones into the previously undrilled Gap zone target at
Escobal.
The 2016 exploration programs focused on drilling for new
discoveries and expanding existing deposits in all areas where
Tahoe operates. Exploration expenditures for the year totaled
approximately $28 million (including
both expensed exploration and capitalized drilling).1
The Company's strong commitment to exploration will continue in
2017, with expensed exploration spending for the year targeted at
$35 to $45 million. Peru is expected to account for 50% of
exploration spending during the year, including La Arena sulfides,
Canada for 45%, including Fenn Gib
and Juby, with Guatemala
accounting for the remainder.
Ron Clayton, President and CEO of
Tahoe commented: "Tahoe's strategy is to obtain and develop 'tip of
the iceberg' assets that have considerable potential for growth and
value creation. Our progress in executing this plan is clearly
demonstrated in our 2016 exploration results, which include the
identification of significant new areas of gold mineralization at
our Shahuindo mine in Peru and at
multiple targets in our Timmins
portfolio. We also succeeded in extending silver mineralization at
Escobal into the deep Gap zone target. We are encouraged by today's
results, which could lead to the addition of substantial new
resources and support increased mine life and higher production
levels.
"Turning to 2017, we will continue to focus our growth efforts
on exploration and project development. In addition to drilling at
our operations and near-term projects, we are also planning new
drilling at the La Arena sulfide, Fenn-Gib and Juby projects as
part of our work to assess the full value-creating potential of our
longer-term assets. With our strong balance sheet, and a
$150 million undrawn credit line,
Tahoe is well positioned to fund its growth initiatives moving
forward."
A review of the 2016 exploration program by country is provided
below (all mineralized thickness values are estimated true widths).
Complete drill results and location maps are available on the
Company's web site at www.tahoeresources.com and are available
through the following links:
Drill results:
http://www.tahoeresources.com/wp-content/uploads/2017/01/tables.pdf
Location maps:
http://www.tahoeresources.com/wp-content/uploads/2017/01/locationmaps.pdf
Peru
Exploration drilling in 2016 focused on testing extensional
targets peripheral to the current Shahuindo resource and the El
Alizar project located west of the La Arena mine. In addition,
scoping studies continue on the La Arena sulfide project with an
updated resource expected early in 2017.
Shahuindo
Exploration during 2016 concentrated on defining resource
margins and satellite targets that could provide additional
resources that would be accessible as extensions of the current
Shahuindo pit. A total of 252 holes for 45,629 metres have been
drilled since the April 15, 2015
cut-off date for the January 2016
resource model.
Drilling has focused on peripheral targets that include the San
Lorenzo and Choloque zones north of the Shahuindo starter pit, the
El Sauce zone southeast of the pit and the San Jose zone on the
extreme northwest margin of the Shahuindo resource. Mineralization
in all of the target areas is predominately sandstone host rocks of
the Farratt formation on the limbs of the San Jose
anticline.
The San Lorenzo zone, defined by 62 drill holes, follows a
northeast structural trend that extends 350 metres north of the
current Shahuindo pit. Intercept highlights at San Lorenzo
include 99.3m @ 0.52 grams per tonne ("g/t")
Au, 32.0m @ 2.61 g/t Au and 14.1m @ 0.98 g/t Au.
A similar north-trending zone of mineralization is found 400
metres east of San Lorenzo along the Choloque fault. The
Choloque zone is currently defined by five drill holes over a 250
metre strike length over more narrow widths with a higher sulfide
component. Additional secondary veins are indicated by
drilling between the northeast trending San Lorenzo and Choloque
zones. Choloque zone sulfide intercept highlights include:
12.4m @ 4.02 g/t Au and 14.2m @ 2.68 g/t
Au.
Condemnation drilling southeast of the Shahuindo pit led to the
discovery of a zone of oxide mineralization at El Sauce.
Based on 22 drill holes, mineralization in the El Sauce zone is now
defined over a 275 metre northwest-southeast strike length, 80
metre width and 50 metre depth of oxidation. Highlights at El Sauce
include: 19.9m @ 0.88 g/t Au, 14.9m @ 2.52 g/t Au and
22.3m @ 0.95 g/t Au.
Drilling in the San Jose zone in the extreme northwest margin of
the Shahuindo resource has identified a series of mineralized
lenses parallel and within 100 to 200 metres north-northeast of the
main northwest trending Shahuindo anticlinal trend.
Mineralization at San Jose is predominately sandstone-hosted oxide
gold that may influence a push back of the current Shahuindo
pit. Recent drilling returned oxide intercepts of 52.2m
@ 0.87 g/t Au, 23.7m @ 0.94 g/t Au and 38.8m @ 0.46
g/t Au on secondary northwest trends. A
significant zone of mineralization has also been discovered along a
newly recognized northeast controlling structure north of the
Shahuindo pit with hole D16-094 returning 16.4m of 0.74 g/t
Au and 9.1m of 1.14 g/t Au.
Reconnaissance work has been carried out in areas north and
northwest of Shahuindo to identify additional early-stage district
targets. Trenching in the Tabacos, Alisos and Azules zones 1.2 to
1.5 kilometers ("km") north of Shahuindo exposed mineralization
with highlights from surface channel sampling including 83.0m
@ 0.66 g/t Au, 41.1m @ 0.25 g/t Au and 47.5m @ 0.76
g/t Au. Drilling at these early-stage exploration targets,
as well as at the La Chilca area northwest of Shahuindo, is planned
in 2017 as permits are received.
The recent discovery of new mineralized zones outside of the
Shahuindo resource demonstrates the potential for resource
expansion in areas of limited historic exploration. Specifically
encouraging are the new discoveries at San Lorenzo, Choloque and
San Jose, which demonstrate the potential along northeast trends
that have not been sufficiently explored in the past.
Drilling to delineate these and other near-pit targets will
continue into 2017.
El Alizar
The El Alizar target showed considerable geologic similarities
to the La Arena deposit located two km to the east. A total
of 25 holes for 5,889 metres were completed during the seven month
drill campaign. Drilling failed to identify economic oxide
gold grades over substantial widths. While several holes returned
significant grades associated with narrow high-grade breccias
(up to 8.5m @ 2.43 g/t Au), mineralization was
generally constrained in narrow structures with little dispersion
laterally in surrounding wall rock. Based on results from
drilling in 2016, no additional drilling at El Alizar is
planned.
La Arena Sulfide project
Detailed re-interpretation of all historic drilling at the La
Arena (Cu-Au porphyry) sulfide project was completed and
incorporated into a three dimensional geologic model that will form
the basis for a new resource estimate in early 2017. Results of
scoping-level studies to be completed in the first quarter of 2017,
if positive, are anticipated to result in a multi-year feasibility
study to be initiated in
2017 and carried out by Tahoe's newly designated Projects
Group.
Canada
In Canada, a total of 225 holes
(76,255 metres) of exploration drilling was carried out at the
Timmins West Complex, Bell Creek Complex and Whitney property subsequent to the Lake Shore
Gold merger in April 2016. Work in
these areas will continue in 2017 with an additional focus on
exploration programs at the Fenn-Gib and Juby projects.
Timmins West Complex
Exploration at the Timmins West Complex has focused on three
main areas which include the Timmins Deposit depth extension, the
144 Trend and the Gold River Trend.
Timmins Deposit:
Exploration of the Timmins Deposit at the Timmins West mine
consisted of 10 underground drill holes (5,784 metres) and one
surface hole (2,155 metres) to test the down plunge extension of
the Timmins Deposit Fold Nose (TDFN). Results to date have proved
the extension of mineralization along the fold nose approximately
150 metres below the current resource limit.
Holes completed from an underground drill platform on the 910
Level targeted the area between the 1,315 (bottom of current
resource) and 1,465 levels. Results from drilling between the 1,315
and 1,365 levels immediately below the Timmins Deposit resource
include: 2.5m @ 12.07 g/t Au, 2.0m @ 6.46 g/t Au and
6.1m @ 3.22 g/t Au. Significant deeper
intercepts between the 1,356 and 1,465 metre levels include:
3.7m @ 24.13 g/t Au, 1.3m @ 12.24 g/t Au, 2.3m @ 6.19 g/t Au,
4.0m @ 5.05 g/t Au, 0.8m @ 138.0 g/t Au, 6.2m @ 4.83 g/t Au
and 1.5m @ 10.64 g/t Au. These intercepts represent
predominantly ultramafic-style mineralization along the core of the
TDFN which is consistent with higher-grade mineralization at the
Timmins West mine.
A deep drill hole is currently underway with the objective of
intercepting the TDFN structure approximately 400 metres below the
current resource limit (2,200 metres down hole). The hole
commenced in September and is on track for completion in January
2017. Additional multiple wedge cuts are planned to test
along strike and dip of the structure between the 1,450 and 1,800
metre levels with 7,300 metres budgeted for 2017.
144 Trend:
Drilling on the 144 Trend in 2016 included 12 exploration holes
(10,278 metres) targeting the 144 South zone located approximately
1.6 km south of the 144 Gap deposit, with exploration designed to
extend mineralization surrounding a syenite porphyry previously
identified from drilling in 2015 (see Lake Shore Corp. press
release dated October 28, 2015,
available on SEDAR at www.sedar.com).
Drilling in 2016 has extended 144 South mineralization
approximately 65 metres to depth and 50 to 150 metres to the west.
Significant drill results at depth include 8.6m @ 5.87 g/t Au
(including 4.0m @ 10.78 g/t Au) near the 875 Level.
New intercepts that define extensions of mineralization to the west
include: 2.0m @ 7.1 g/t Au, 3.2m @ 3.5 g/t Au, 1.8m @
27.53 g/t Au and 7.7m @ 4.06 g/t
Au.
Mineralization is now defined over a 300 metre strike and 700
metre vertical range along a distinct southwest trending,
north-westerly dipping corridor within the syenite body.
Higher-grade mineralization is associated with thin lenses of
shearing, quartz veins, alteration and pyrite. Both the syenite
porphyry and mineralized corridor remain open for at least 1.5 km
on strike to the southwest and to depth. Exploration at 144
South will continue into 2017 with a budget of 10,300 metres of
additional drilling planned.
Additional surface and underground drilling on the 144 Trend in
2016 included 263 infill drill holes (64,497 metres) designed to
further delineate resources in the 144 Gap deposit for detailed
mine planning. The initial reserve estimate for the 144 Gap
supported by an updated resource model is expected during the first
quarter of 2017.
Gold River Trend:
The Gold River Trend East and West deposits are located
approximately 4 km south of the Timmins West mine and contain an
Indicated resource of 117,400 ounces Au (0.7 million tonnes at 5.29
g/t Au) and an Inferred resource of 1,027,800 ounces Au (5.3
million tonnes at 6.06 g/t Au)2. Recent drilling (12
holes for 10,864 metres) has identified extensions of
mineralization along strike and down dip of the east-west trending
East and West deposits.
In the Gold River West deposit, drilling extended mineralization
250 metres below the current resource and 150 metres west of
previously reported intercepts. Significant results include
3.5m @ 9.37 g/t Au, 5.1m @ 3.34 g/t Au and 0.4m
@ 11.16 g/t Au.
Drilling also encountered mineralization 300 metres below the
current Gold River East resource. Significant intercepts at
depth include 1.70m @ 6.08 g/t Au, 2.6m @ 3.24 g/t Au
(including 0.4m @ 11.80 g/t Au) and 1.1m @ 3.58 g/t
Au.
Wide-spaced drilling along the 1.5 km untested corridor west of
Gold River West and towards the 144 Trend confirmed alteration and
structural continuity but returned low-grade gold values.
Drilling at Gold River will
continue in 2017 with 6,500 metres of drilling planned.
Bell Creek Complex
Exploration at the Bell Creek Complex comprised 26 holes (9,153
metres) of underground drilling and one surface hole with two wedge
cuts (3,033 metres).
Underground drilling focused on the NA/NA2 zones, the two
largest resource blocks at the Bell Creek mine, and the HW6 zone, a
new structure discovered in late 2015 near the west limit of the
mine. Drilling at the NA/NA2 zones successfully extended
mineralization to the east and at depth between the 715 and 1,350
levels, and drilling at the HW6 zone intercepted ore grade
mineralization below the 895 Level. The Company expects the results
of this drilling to add additional resources and reserves at Bell
Creek.
The NA/NA2 zones were extended a minimum of 30 metres to the
east of the Bell Creek resource. Significant results include
6.0m @ 5.52 g/t Au, 1.7m @ 7.09 g/t Au, 2.8m @ 6.00 g/t
Au and 9.3m @ 3.78 g/t Au.
Drilling the HW6 zone has extended mineralization a minimum of
60 metres down dip (to the 950 Level) and remains open to
depth. Significant intersections from the HW6 zone include:
8.6m @ 7.13 g/t Au, 3.4m @ 9.69 g/t Au, 10.1m @
13.29 g/t Au, 6.6m @ 5.01 g/t Au and 4.2m @ 6.70 g/t
Au.
Surface drilling concentrated on extending resources to depth at
the Schumacher and Vogel
properties east of the Bell Creek mine. Two holes identified
mineralization approximately 250 metres below the current Vogel
resource and 1.0 km east of the Bell Creek 760 drift in a 50 metre
wide zone of carbonate alteration with quartz tourmaline veins up
to 2.7 metres wide with 1-5% pyrite and visible gold. Significant
intercepts of 40.0m @ 2.60 g/t Au (including 8.6m @ 4.47 g/t
Au and 0.6m @ 9.46 g/t Au) align with
previous drilling which intersected 11.0m @ 8.37 g/t Au and
1.75m @ 4.88 g/t Au 25 metres to the east. The deep Vogel
extension remains open to the east and to depth and will be the
focus of additional drilling (24,500 metres) in 2017.
Whitney Property
Exploration at Whitney
evaluated both shallow open-pit and deeper underground
targets. Nearsurface drilling (154 holes for 28,777 metres)
focused on areas surrounding the upper Hallnor mine and C zones in
the east portion of the property to confirm and delineate
previously recognized mineralization that may be amenable to
open pit mining (see Lake Shore Gold Corp. press release dated
February 4th, 2016). Exploration of
this zone returned positive results with mineralization extended
within a conceptual pit over a 1,250 metre strike length.
Significant shallow intersections include: 13.8m @3.26 g/t
Au, 21.3m @ 3.81 g/t Au, 13.3m @ 3.89 g/t Au, 7.0m @ 4.35 g/t
Au and 7.8m @ 4.54 g/t Au. An updated
resource estimate and open pit optimization study is currently
underway with completion targeted for late 2017.
Drilling at the C zone focused on potential open-pit or shallow
underground targets along a 200 metre zone immediately west of the
Hallnor open pit. A number of intercepts within 150 metres from
surface show mineralization related to a shallow northward dipping
structure that remains open down dip. Significant intercepts
include 18.6m @ 5.17g/t Au (including 3.8m @
14.29 g/t Au), 14.2m @ 3.59 g/t Au and 17.7m @ 2.99
g/t Au.
A deep drill program initiated in August
2016 to explore areas below the 1,000 metre level west of
the historic deep Hallnor mine workings is underway with a total of
four primary holes and two wedge holes (6,211 metres) completed to
date. Deep drilling results have succeeded in extending
mineralization 140 metres west and 200 metres down dip from the
previous limits of the #19 and #20 veins, which were partially
mined between the 1,200 and 1,500 metre levels of the Hallnor mine.
Significant results from the drilling include: 6.1m @ 32.07
g/t Au (including 0.4m @ 459.0 g/t Au), 4.1m @ 6.15 g/t Au
(including 0.3m @ 57.90 g/t Au), and 3.3m @ 9.01 g/t
Au (including 0.3m @ 100.00 g/t Au).
Exploration work at Whitney
will continue in 2017 with approximately 18,000 metres of drilling
planned for the year.
Fenn-Gib project
The Fenn-Gib deposit is an advanced stage exploration project
located 80 km east of Timmins. A
2011 resource estimate contained 1.3 million ounces of gold
(40.8 million tonnes at 0.99 g/t Au) in the Indicated category and
0.75 million ounces of gold (24.5 million tonnes at 0.95 g/t Au) in
the Inferred category3. Work has recently begun to
design exploration and scoping studies to be carried out to
complete a Preliminary Economic Assessment ("PEA") in 2017. Studies
will include 31,500 metres of definition drilling and 25,000 metres
of district exploration drilling as well as engineering, mine
planning and environmental studies.
Juby project
The Juby project is located near the town of Gowganda, 100 km south of Timmins. The project, which was acquired by
Lake Shore Gold through the 2015 acquisition of Temex Resources
Corp., has stated Indicated resources of 1.09 million ounces of
gold (26.6 million tonnes at 1.28 g/t Au) and Inferred resources of
2.91 million ounces of gold (96.2 million tonnes at 0.94 g/t
Au)4. Preparation has recently begun for a 2017
exploration program designed to validate and expand the current
resources. Initial data compilation, exploration planning and
refinement of the current resource model will be carried out
throughout the winter with field mapping and sampling and 10,000
metres of diamond drilling planned for later in the year.
Guatemala
Regional exploration was suspended in 2013 following the
government's proposed moratorium on new exploration licenses.
Exploration since that date has focused only on the 79.9
km2 granted concessions surrounding the Escobal mine.
Dialogue continues with the Ministry of Energy and Mines to grant
additional exploration licenses while community work continues in
areas of exploration interest.
Escobal Gap Zone Drilling
Exploration during 2016 focused on drilling the deeper portions
of the Escobal Gap zone from a dedicated underground drill station
established earlier in the year. A total of nine holes for
5,633 metres have been completed to date.
The Gap zone is a large (500 metre by 500 metre) area between
the Central and East Escobal zones that has received limited
drilling in the past due to depth and difficult topography which
hampered surface access. Initial exploration in the area identified
a northwest trending structural break that was believed to be
responsible for the offset of mineralization in the Gap area. Based
on recent drilling, mineralization is now recognized extending from
the Central zone, east into the Gap area and the structural break
is interpreted to only disrupt the eastern portion of the Gap
zone.
Drilling in the central portion of the Gap zone has identified
narrow mineralized lenses with limited continuity while drilling on
the east and west margins of the zone show potential to extend
resources into the Gap zone. Hole UE16-489A drilled on the
east margin of the Gap zone intersected 6.0m @ 251 g/t
silver-equivalent ("AgEq")5 and 7m @ 285
g/t AgEq. These intercepts effectively extend
mineralization over 130 metres laterally from the current East
Escobal zone reserve boundary.
On the west margin of the Gap zone, drill holes UE16-491 and
UE-492 intersected a narrow subvertical zone of vein, breccia and
stockwork that correlate with the east extension of the Central
Escobal vein, with mineralized intercepts including 7.0m @
352 g/t AgEq and 7.7m @ 431 g/t AgEq.
Generally, mineralization in this portion of the Gap zone exhibits
higher base metal relative to silver grades which may reflect the
lower portion of the mineralized system. Few higher grade
silver intercepts (up to 3054 g/t Ag) have been encountered in the
deep Gap zone, which represents an overprint related to a deeper
boiling zone. The new Gap zone intercepts extend
mineralization 250 metres laterally and vertically from the limit
of previously defined Central zone
reserves.
Mineralization was also encountered in several holes that define
a narrow secondary vein 150 metres south of the main Escobal vein.
This footwall vein is defined by intercepts of 5.3m @ 338 g/t
AgEq and 4.0m @ 308 g/t AgEq.
Exploration in 2017 will continue to focus on other sectors of the
deep Gap zone.
Endnotes:
- 2016 exploration expenditures include nine months of
expenditures for the Company's Canadian operations, which were
acquired on April 1, 2016.
- Gold River resources reported
from Technical Report on the Update of Mineral Resource Estimate
for the Gold River Property, Thorneloe Township, Timmins, Ontatio, Canada, dated April
5, 2012 with an effective date of January 17, 2012. Resources reported using
a cut off grade of 2.0 g/t Au and gold price of US$1,200/oz.
- Fenn-Gib resources reported from Fenn-Gib Resource Estimate
Technical Report, Timmins
Canada, with an effective date of November 17, 2011. All resources classified
as Indicated and approximately 90% of resources classified as
Inferred occur within a US$1,190/oz
Au optimized pit shell. The remaining Inferred resources
reported using a 1.5 g/t Au cut off grade.
- Juby resources reported from Technical Report on the Updated
Mineral Resource Estimate for the Juby Gold Project, Tyrrell
Township, Shining Tree Area, Ontario, with an effective date of
February 24, 2014. Resources
reported using a 0.40 g/t Au cut off grade.
- Silver-equivalent (AgEq) reported using metal prices of
US$1325/oz Au, US$22/oz Ag, US$1.00/lb Pb, US$$0.95/lb Zn.
About Tahoe Resources Inc.
Tahoe's strategy is to responsibly operate precious metals
mines, to pay significant shareholder dividends and to grow by
developing long-term, low-cost assets in the Americas. Tahoe is a
member of the S&P/TSX Composite and TSX Global Mining indices
and the GDX and Russell 3000 on the NYSE. The Company is listed on
the TSX as THO and on the NYSE as TAHO.
Qualified Person Statement
Technical information in this press release has been approved by
Charlie Muerhoff, Vice President
Technical Services, Tahoe Resources Inc., a Qualified Person as
defined by NI 43-101.
Data Verification
Detailed descriptions of the Tahoe's exploration drilling,
sampling and analytical procedures, and quality assurance and
quality control programs can be found in the following NI 43-101
technical reports which are available on the Company's website at
www.tahoeresources.com and under the Company's profile on
SEDAR at www.sedar.com:
Escobal Mine Guatemala NI 43-101 Feasibility Study,
November 5, 2014, prepared by M3
Engineering & Technology Corporation.
La Arena Project, Peru Technical Report (NI 43-101),
February 27, 2015, prepared by Mining
Plus Peru S.A.C.
Technical Report on the Shahuindo Mine, Cajabamba,
Peru, January 25, 2016, prepared by Tahoe Resources
Inc.
43-101 Technical Report, Updated Mineral Reserve Estimate for
the Timmins West Mine and Initial Resource Estimate for the 144 Gap
Deposit, Timmins, Ontario,
Canada, February 29, 2016,
prepared by Lake Shore Gold Corp.
NI 43-101 Technical Report, Updated Mineral Reserve Estimate
for Bell Creek Mine, Hoyle
Township, Timmins, Ontario,
Canada, March 27, 2015,
prepared by Lake Shore Gold Corp.
Forward-Looking Statements
This release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation, and
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995
(collectively referred to as "forward-looking statements").
Forward-looking statements include, but are not limited to,
statements related to the following: the company's commitment to
exploration in 2017; availability of financing, including the
ability to fund growth initiatives; exploration findings
potentially resulting in the addition of substantial new resources,
increased mine life or higher production levels; plans for
exploration, drilling programs and exploration expenditures in
Canada, Peru and Guatemala, including additional drilling at La
Arena sulfide, Fenn-Gib and Juby with an eye to developing new
resources and increasing mine life and production levels.
Forward-looking statements are based on the reasonable
assumptions, estimates, analyses and opinions of management made in
light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, but which
may prove to be incorrect. Management believes that the assumptions
and expectations reflected in such forward-looking statements are
reasonable. Assumptions have been made regarding, among other
things: the Company's ability to carry on exploration and
development activities, including construction; the timely receipt
of required approvals; the price of silver, gold and other metals;
prices for key mining supplies, including labor costs and
consumables, remaining consistent with the Company's current
expectations; production meeting expectations and being consistent
with estimates; plant, equipment and processes operating as
anticipated; there being no material variations in the current tax
and regulatory environment; the Company's ability to operate in a
safe, efficient and effective manner; the exchange rates among the
Canadian dollar, Guatemalan quetzal, Peruvian nuevo sol and
the United States dollar remaining
consistent with current levels; and the Company's ability to obtain
financing as and when required and on reasonable terms. Readers are
cautioned that the foregoing list is not exhaustive of all factors
and assumptions which may have been used.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause actual
results to be materially different from those expressed or implied
by such forward-looking statements. Such risks, uncertainties and
other factors include but are not limited to: the fluctuation of
the price of silver, gold and other metals; changes in national and
local government legislation, taxation and controls or regulations;
social unrest, and political or economic instability in
Guatemala and/or Peru; the availability of additional funding
as and when required; the speculative nature of mineral exploration
and development; the timing and ability to maintain and, where
necessary, obtain necessary permits and licenses; the uncertainty
in the estimation of mineral resources and mineral reserves; the
uncertainty in geologic, hydrological, metallurgical and
geotechnical studies and opinions; infrastructure risks, including
access to water and power; the impact of inflation; changes in the
administration of governmental regulation, policies and practices;
environmental risks and hazards; insurance and uninsured risks;
land title risks; risks associated with illegal mining activities
by unauthorized individuals on the Company's mining or exploration
properties; risks associated with competition; risks associated
with currency fluctuations; contractor, labor and employment risks;
dependence on key management personnel and executives; the timing
and possible outcome of pending or threatened litigation; the risk
of unanticipated litigation; risks associated with the repatriation
of earnings; risks associated with negative operating cash flow;
risks associated with the Company's hedging policies; risks
associated with dilution; and risks associated with effecting
service of process and enforcing judgments. For a further
discussion of risks relevant to the Company, see the Company's
Annual Information Form available on SEDAR under the heading
"Description of Our Business – Risk Factors".
Although management has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There is no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company does not undertake to
update any forward-looking statements, except as, and to the extent
required by, applicable securities laws.
For further information, please contact:
Tahoe Resources Inc.
Mark Utting, Vice President,
Investor Relations investors@tahoeresources.com
Tel: 416-703-6298
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SOURCE Tahoe Resources Inc.