Summa Silver Corp V.SSVR

SSVR @ Kinvestor Critical Minerals & Mining Conference

[MarketMakerss]

With silver on track for its highest closing price in nearly 3 years, it seems undervalued precious metal stocks are getting ready for a major game of catch-up as both retail and institutional investors are taking notice of the disparity between the lagging share prices and the fundamentals: https://twitter.com/Barchart/status/1775908283682787468

 

With industrial usage and potential deficits driving demand, the versatility and widespread use of silver in technology indicates substantial potential for growth. This is further entrenched when taking into account that silver is not easily replaced when its price increases.

 

Exploring One of the Last Great Vein Fields

As detailed during the Kinvestor Critical Minerals & Mining Conference 2024, Summa Silver (SSVR.v SSVRF) is taking a strategic approach to exploration and development at its high-grade Mogollon Project in New Mexico: https://youtu.be/0EUl_GCy22A?si=0wEQzpiHkEQD_yRv

 

The Mogollon Project is the largest historical silver producer in New Mexico with at least 16.4Moz Ag and 339kox Au of production at grades of 298g/t Ag and 6.16 g/t Au or 795 g/t AgEq between the 1880s and 1943.

 

Hinting at the potential for Mogollon to be one of the last great veins fields in the US due to its under-explored nature, SSVR hit two strong mineralized intersections at its first hole in between two old mines, a significant testament to the strength of the Queen Vein.

 

Substantial discovery potential remains as this drilling tested just two of the 77km of potentially silver-bearing vein length on project and targets along the Queen Vein representing only 2.5% of the total vein and structure length on the project.

 

Last month, SSVR unveiled the intersection of multiple zones of strong epithermal-related silver-gold mineralization at the Project, with highlights including

• 393 g/t silver equivalent* (64 g/t Ag, 3.9 g/t Au) over 7.4 m from 242.4 m down hole (60 m vertical depth), including 2,735 g/t silver equivalent* (320 g/t Ag, 28.6 g/t Au) over 1.5 m
• 357 g/t silver equivalent* (186 g/t Ag, 2.2 g/t Au) over 0.9 m from 201.2 m down hole

 

Notably, this hole represents a 1.4 km step out on the Queen Vein where mineralization remains open in all directions, attesting to both the size and scale of the vein.

 

Located between two historic producers, the newly intersected mineralized zone is located between the Deadwood and Eberle mines and the results support the high-prospectivity of the entire Queen Vein where mineralization is open along-strike and down-dip warranting systematic follow-up drilling.

 

Full News Release: https://summasilver.com/summa-silver-drills-high-grade-mineralization-in-first-hole-at-the-south-queen-target-mogollon-project-new-mexico/

 

Posted on Behalf of Summa Silver Corp.