Kerry Lutz welcomes Peter Dembicki, CEO of Tier One Silver ((🇺🇸TSLVF -- 🇨🇦TSLV) for an update on the company’s latest exploration progress and the potential for significant silver discoveries. Peter shares important results from recent channel sampling, including the discovery of nearly 9,000 grams per tonne of silver, over four grams of gold and the presence of arsenic—indicating promising precious metal deposits below the surface.
Peter provides insight into Tier One Silver’s aggressive exploration in Peru, where they’re targeting a massive, untapped silver deposit. He explains the geological significance of recent findings and the 500 meters of elevation where their best intercepts may lie.
Peter and Kerry discuss the current state of the silver market, with silver prices on the rise and poised for a potential surge. Peter anticipates silver catching up to gold's recent performance, driving investor interest in silver exploration and mining companies. Tier One Silver’s Future: With silver gaining momentum, Peter outlines the company’s plans to resume drilling and why their property’s unique elevation and geological factors offer tremendous upside potential. He emphasizes the company’s readiness to capitalize on market shifts once they secure the necessary capital. We own shares.
Company Website: https://TierOneSilver.com
Other than finding close to 9,000 ground for 10 silver, over 4 grams gold and channel samples, we found the presence of arsenic. And that's really important in geology. That gives you the indication that the precious metals now is below. So we feel like we have this 500 meters of elevation really trapped in where we're going to find our top intercepts. So we're getting really excited and to get back, get back the drill, get it out, get this thing going again because the entire sector has been in hibernation mode and it's time to go on the offensive. The financial survival network. Now more than ever. The financial survival network. And welcome. This is Financial Survival Network. I'm your host, Kerry Lutz. And we have an update from a company that we used to work with pretty closely, but we bumped into each other a while ago, wanted to get Peter Dambicki on CEO of tier one silver. And Peter is great to see you down in Florida and figured it was time for an update. Even though we haven't done much together recently, I just wanted to make sure that the FSN members who some of whom have invested in the company get the latest updates. So you just had some really impressive channel sampling recently. Yeah, that's great. Thanks, Kerry, for having me back. And for all of your loyal followers and supporters of tier one, it's important that we haven't gone anywhere. Even though the market has been less than fun the last few years when capital gets pulled out of these venture markets and risk on goes away for a little bit, it gets tough. And it's been an extremely humbling experience being CEO of a company in this sector. But it feels like, you know, there's a pulse, things are coming back. And you know, didn't think my phone was working at $17 silver, you know, got a couple calls incoming when it's, you know, 2526. April May was a nice little bump. It felt like we were on the verge of something there. It cools off over the summer. But here we go, taking the next leg up. This one feels different just because of the move that gold is put in. So it really feels like silver is going to start playing serious catch up here. And we might see that whipsaw higher in a big way. So tier one itself. For those of your newer listeners, we're, you know, an aggressive exploration company focused on finding the next world class silver discovery based in Peru. We had a tremendous first pass of drilling when we launched our program. Almost three years ago and came out with key plus kilo silver, good grades of gold and the potential for a big copper or free discovery as well. And then then the markets, you know, pulled out from under our feet. And it was, it was survival mode, to be honest. But we've gotten through it. We never changed the thing. It's 100% on project. We leaned out. And now we're back on the offensive. So really, for a reminder on the project, we came up with extreme high grade early results. But really, we've hired these two world class consultants to come down to our property and say, you know, give us an unbiased view of what we got in our hands here. They both came back and said, you know, this is a story about elevation. It's a story about erosion. You know, all of your top intercepts came around 1900 meters in elevation. And again, you ask any Peruvian about that elevation, they call it beachfront. Because these guys are used to operating at, you know, 5000 meters in elevation. So 1900 meters about the same elevation as Denver, Colorado. It's very accessible close to the coast, close to the highway. Great terrain to work in. But with our drill results, we were hitting very, very shallow, but not a depth. So where are we going to go to find our kind of meteor intercepts that are really going to put us on the map? And they said, if you go north on your property to this can buy a corridor, there's another 500 meters of elevation that you can attack that has not yet been eroded away. So we ran up there over this past year, we did lots of testing, mapping, channel sampling, rock check sampling, and just came back a couple days ago with our results. And you know, it really nailed the thesis. Other than finding close to 9,000 ground for 10 silver over four grams gold and channel samples, we found the presence of arsenic. And that's really important in geology. That gives you the indication that the precious metals now is below. So we feel like we have this 500 meters of elevation really trapped in where we're going to find our top intercepts. So we're getting really excited and to get back, get back the drill, get it out, get this thing going again, because the entire sector has been in hibernation mode and it's time to go on the offensive. Right. So drilling, when do you anticipate the resumption? Yeah, so I mean, drilling is not cheap anywhere in the world. And so we need to recapitalize before we bring out the drill, but it's looking pretty good. So you'll be hearing lots from us in the near future here. But we really want to go attack this thing, we can drill all year round at site. So it's three weeks heads up to all the contractors to get going. We're fully permitted, drill permit, environmental foot permitted, social agreement was just resigned, which is so important, especially in South America that you have that on lockdown. So we're ready to go. So it's just going to take a little capital to get us going. And we're looking to do another 3500, 4000 meters of drilling to really go hunt for that big silver grade. And the political situation in Peru, unlike other countries, actually pretty favorable, I think it gets painted with the same brush as other countries that have been restricting the mining. But Peru seems to be encouraging it. Oh, Kerry, I mean, if we, I'm sure we had a call, two and a half years ago, and we might not be taking the same thing, I was telling investors to hold on, don't to worry, because you read in the papers about turmoil in the streets, blockades of mines. But as my scene colleague and famous geologist Christian Rios, who's on the ground in Peru, he's like, Peter, just wait a few weeks. These protests aren't grassroots, passionate protests. These things have an agenda in mind. And it's politically based. It involves Bolivia. There's a lot going on. Anytime a new cabinet minister and a new president gets appointed, the Ministry of Mind shifts and all new appointees come in. And who doesn't like that story? And that's usually the illegal miners in the country, because that's usually job number one of the president get rid of illegal mining. So who's funding these protests? And there's always somebody who benefits, you know, anytime we see these kind of protests happening. So you wait out a few weeks, people stop getting paid to cause ruckus and things go back to normal. And so for the past year and a half, it's been extremely boring, which I love. I love boring politics. And I know we're not used to boring politics in North America, but it's really nice. So Dina Blarte, the former vice president, who's now vice president or now president, sitting president, very centrist, not making any big moves, which is great. There is an election next year, but the front runners in place right now are or centrist or more right wing. So it's looking like through pendulum is kind of swinging back to the center after a couple of tough years with a scary individual in place there. Yeah, well, politics in Latin America is often like the weather in South Florida. Wait, if you don't like the weather, wait five minutes. No kidding. I'm, I think I'm on my third Peruvian president since I've been CEO of tier one. And you're exactly right. Just just wait a couple of years, don't get used to it. But you know, as one of our bigger shareholders, Ross Beatty and a famous investor and has lots of operations in Latin America. And especially in Peru says politics and Peru is a short term game, mining is a long term game. Don't sweat it. And anytime you do see turmoil, you know, improve politically, take a look at the big producers, see what their share prices are doing. And usually they don't budge. It's because the real money knows that nothing really is going to be done one way or the other. Yeah. And when we last spoke, you mentioned $17 silver. Now we had silver hit 35 bucks, which is like the psychological mark. It broke resistance somewhere between 3250 3350. And right now it's 33 bucks and change. So this changes the economics of everything, dozen it sure does. Man, psychology and investing plays a wicked game with you. You know, my former background being an investment advisor, I know all about it. You know, people will want to dig into a company that they really like or take that risk. But once it moves up 10, 20, 30%, then they feel comfortable. It's on the right track. But they could have had a huge discount if they if they came in earlier. But again, that's the psychology of it. But here we are silvers, you know, making its move. People are now taking a look around and say, okay, what's what's my top silver holding is going to be as far as a producer, a developer and an exploration company. I want grade. I want good jurisdiction. But most of them and foremost is I want good people. I want good management that knows how to run a good company. And that's where we really stand out. Yeah, totally. Couldn't agree with you more imagine if the price goes up, but another 50%. Yeah, I mean, there are so many arguments and I'm sure you and I have gone down the same rabbit holes with all the big silver bugs out there saying, you know, $100 silver or $1,000 silver, there's reasonings for it. But as we know, nothing goes up in a straight line. So we had a heck of a run to get to 35, let it cool, let it settle a little bit and let's take the next leg up. It only helps company like us, you know, even though we're exploration and we're not producing the middle, there is a fantastic correlation to to silver companies and the price of silver. And again, people really want to find their next silver investment. I just came from a conference in New York City and silver is very, very topical. As we've seen other sectors kind of Peter had a little bit, you know, lithium and and copper is taking a bit of a breather. But silver is on the front of everybody's mind right now. Eric Sprott's calling for $300 silver. Like maybe a little off, but but really when you go back and you see that gold is certainly at nominal highs in the mid 2700s, silver hasn't even it's just approaching it's 65% of it's all time high. This seems like a dramatic misvaluation or underpricing by the market for sure. And you know, when you go through all your technical skills and looking at where silver could go, so many things come in mind. Interest rates getting cut. Well, we're going through that process right now. We should see more cuts coming in the future. We have obviously a big election coming up how that's wasting. I'm not sure. We have a very, very strong US dollar at the moment depending on who gets into the White House that could change things dramatically. And and all these things, you know, act in are perfectly correlated inversely to to the price of silver. And just the fact that silver has a lot of catch up to play. We look at that gold silver ratio over time. I forget what the mean is. I think it's around 60 60 to one. I think we're hovering around 80 to one at this point. So a lot of lot of room to go on various, you know, many different metrics for silver to take another like higher. So I think we all know it's had in that direction. Yeah, not a question. It's never in doubt. And it's pretty exciting to watch. But you know, the market moves when the market moves. So in any event, you definitely want to go over to the company's website, sign up for notifications. You can monitor the drill program. Once that resumes, it's tier one silver dot com ticker symbol US TSL of the F. And of course, in Canada, TSL V. Peter, thanks for stopping by. Appreciate the catch up. We'll talk to you again soon. Thanks, Kerry. The financial survival network. [Music] [BLANK_AUDIO]
