(MENAFN- News Direct) Vancouver, BC | February 09, 2023 09:00 AM Eastern Standard Time
-figcaption
From 2021 to 2022, the number of electric cars sold almost doubled, breaking records, and increasing from 3.75 million to 6.75 million globally. In 2021, more electric vehicles were sold in one week than in the whole of 2012.
Electric cars depend heavily on silver. Each EV contains between 25 and 50 grams of silver, depending on the model, and hybrid cars use 18 to 34 grams of silver.
The electrical and thermal conductivity of silver makes it an ideal material as part of an automobile battery. It is also ideal for use in EVs because it's non-toxic and hypoallergenic.
Overall, the automotive sector uses 55 million ounces of silver annually, and by 2025, that amount is anticipated to increase to 90 million ounces. The demand for silver in the automotive industry, and for the creation of renewable energy, will only increase, which will inevitably drive the silver market's growth. Particularly for the production of solar panels, which also use silver . Especially double-sided solar panels , which have been shown to produce 35 percent more energy.
Supply of New Silver is Drying Up Quicker Than Death Valley
The lack of new silver discoveries almost guarantees a supply squeeze in the near future. The rush to secure more silver is creating excitement around junior exploration companies that have land claims and projects full of potential, such as Tier One Silver (TSXV:TSLV) (OTCQB:TSLVF) .
Tier One Silver is an exploration company actively exploring and targeting high-grade silver, gold and copper mineralization at its two projects, Curibaya and Hurricane in Peru, a region with the largest silver reserves on earth.
The company just released a video featuring its CEO, Peter Dembicki, and Senior VP of Exploration, Christian Rios, who explain why they think they are onto something significant at their projects. --p
< />
“We have two premier projects, both of which provide investors with multiple swings at a discovery,” explained Dembicki.
According to Christian Rios, Curibaya is special because it has 6 kilometers of mineralized corridors, with high grades of silver both on surface and at depth.
In the first drill campaign at Curibaya, more than 30% of the holes Tier One drilled had silver grades over 200 grams per tonne (g/t). On the surface of the project, the company has collected 78 samples that are +1,000 g/t silver.
Tier One 's Hurricane is also a noteworthy project. This property comes with historical drill results including 14 meters of 2.6% copper, 311 g/t cobalt, and most notably, 0.6% nickel . The company says it is the first copper nickel district to be found in Peru, and the project has a significant silver target as well.
“In the investment world, for a junior exploration company to have a Curibaya, that's enough for a standalone project for any exploration company. So is Hurricane. We have both. Two world-class swings at different commodities. That's when we say we are truly unrivaled as far as our potential,” Dembicki concluded.
On November 15 , Tier One Silver announced the results of rock and channel sampling from one of its main target areas on the Hurricane project in southern Peru. It included 1 meter of 852.5 g/t silver, 1 meter of 522.5 g/t silver, and 2 meters of 232.5 g/t silver. The target area for mineralization has increased by approximately 500 m as a result of their recent work for a total of 4 kilometers of vein corridors to pursue. Historical workings have also been found in the area, which generally indicate high-grade. Tier One is working to bring Hurricane to a drill ready stage, while also planning for a second drill program at Curibaya to commence within the next several months.
For more information on Tier One Silver (TSXV:TSLV) (OTCQB:TSLVF) and its projects, please visit this link or their website .
Information About This Article And Cautionary
This is a paid communication of Tier One Silver Inc. Technical information herein regarding its mineral projects has been approved by its Senior VP Exploration, Christian Rios, P Geo, a Qualified Person.
This Article is a cash-paid communication of Tier One Silver Inc. which has retained media company Native Ads Inc to collaborate on its content and arrange for the Article's dissemination through various media platforms via Market Jar Media Inc. Tier One is solely responsible for the factual content of the article as regards Tier One and any other facts or opinions expressed are those of Native Ads and not those of Market Jar Media Inc., or its management or shareholders. Market Jar Media Inc.'s terms of use of the Article can be found at: and . Market Jar Media Inc. has or expects to receive from Tier One Silver Inc.'s Digital Marketing Agency of Record (Native Ads Inc.) one hundred and sixty five thousand, seven hundred and thirty two Canadian dollars for up to 180 days (125 business days). Neither the Native Ads or Market Jar Media Inc or their respective management or shareholders hold any securities of Tier One. The Article is not intended to be investment advice nor a solicitation for purchase of securities but is provided for general interest purposes.
The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional.
Mining is a high risk business and very few junior mineral exploration companies are ultimately successful in finding a mine. For information about the risks facing Tier One and the limitations inherent in any forward looking statements in the Article see Tier One Silver Inc.'s regulatory filings at Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and assumes responsibility for the technical contents of this report.
Rock grab samples are selective samples by nature and as such are not necessarily representative of mineralization hosted across the property. The rock grab samples represent vein samples that range in width from 5 centimeter to 1 meter and are situated in north-south structural corridors. These veins are an indication of metal budget; however, are not the target themselves. The Company believes that concentrations of precious metal veins can occur along the defined structural corridors and that geologic targets include high-grade veins in excess of 1 meter width, vein stockwork zones, and hydrothermal breccias that could be found through exploratory drilling.