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Summa Silver Corp V.SSVR

Alternate Symbol(s):  SSVRF

Summa Silver Corp. is a Canada-based junior mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation activities at the Hughes property in Nevada and the Mogollon property in New Mexico. The Company owns a 100% interest in the Hughes project located in central Nevada. The Hughes Property is located in central Nevada and consists of approximately 57 patented mining claims and 103 unpatented mining claims. It covers an area of approximately 5,504 acres. The Company also holds a 100% interest in the Mogollon project located in southwestern New Mexico. The Mogollon project is located approximately 120 kilometers from Silver City in southwestern New Mexico. It covers a silver-gold bearing epithermal vein field.


TSXV:SSVR - Post by User

Post by 1StockInformeron Jan 19, 2024 7:45pm
105 Views
Post# 35836872

SSVR.v Unveils Promising Discoveries at Mogollon Silver

SSVR.v Unveils Promising Discoveries at Mogollon Silver

On Wednesday, Summa Silver Corp. (TSXV:SSVR, OTCQX: SSVRF, Frankfurt:48X) reached a significant milestone in its exploration endeavors with the completion of soil and geological surveys at the Mogollon Project in New Mexico. The comprehensive studies unearthed compelling findings, highlighting numerous target areas for further exploration.

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The Mogollon vein field was extensively covered, with 1,680 soil samples gathered across the Northern Fannie and South Deadwood targets, currently undergoing testing in the ongoing drill program.


The discovery potential extends up to 2 km along strike from the Consolidated target, with notable intersects like 448 g/t AgEq over 31 m. Robust anomalies featuring high concentrations of arsenic, copper, and lead have been identified, underscoring the rich mineralization potential.


Additionally, the geological mapping program, covering 16 km² north of Mineral Creek, provided critical context for high-grade rock-chip samples. The Silver Bar vein, Queen vein extension, and Great Western Vein system exhibited substantial high-grade potential, with samples showcasing grades up to 8,475 g/t AgEq.


Refinement of the geological model for the extensive vein systems has revealed priority target areas for continued sampling. 


Finally, the Phase-1 soil geochemical survey involved 1,680 samples across the northern Fanney and southern Deadwood grids. 


The results suggest that arsenic, copper, lead, and zinc are suitable pathfinders for silver and gold mineralization in the surficial environment.


With a project-scale soil geochemical grid planned to cover the rest of the Mogollon Project, Summa Silver aims to refine exploration models and generate new drill targets. Key trace element ratios will be further analyzed, providing insights into trends in silver, gold, and antimony concentrations.


As the drill program progresses, investors can anticipate further revelations in the untapped potential of this high-grade silver-gold district. The Company is fully funded for its ongoing drill program, boasting approximately $5 million in working capital.


Full news here: https://summasilver.com/summa-silver-completes-soil-and-geological-surveys-across-the-high-grade-silver-gold-mogollon-project-new-mexico/


Posted on behalf of Summa Silver Corp.

 
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