SSVR's Significant Findings from its Drilling at Mogollon As highlighted by MSN.com, silver has surged to a two-year high, surpassing $27/oz fueled by US interest rate cut expectations, geopolitical tensions, and industrial demand. The article argues that rising industrial and green energy demand could lead to a decade-high price, with global demand projected at 1.2 billion ounces, driven by various sectors including electronics, automotive, and jewelry.
Source: https://www.msn.com/en-us/money/markets/silver-etfs-sparkle-after-price-hits-2-year-high/ar-BB1lh9Z7
Within this thriving sector, the silver exploration company Summa Silver Corp. (Ticker: SSVR.v or SSVRF for US investors) recently shared significant findings from its drilling campaign at the Mogollon Project in New Mexico.
In the initial drill hole at the project's South Queen target, a promising cache of high-grade silver-gold mineralization was uncovered, showcasing notable figures such as 393 grams per tonne (g/t) of silver equivalent, composed of 64 g/t of silver and 3.9 g/t of gold, over a span of 7.4 meters. Notably, within this intercept, a particularly striking result of 2,735 g/t silver equivalent, comprising 320 g/t of silver and 28.6 g/t of gold, was discovered over a distance of 1.5 meters.
This revelation marks a significant milestone for Summa Silver, illuminating the substantial potential concealed beneath the surface of the Mogollon Project.
The validation of these findings not only underscores the thoroughness of geological modeling endeavors but also points towards promising opportunities within the uncharted territories of the Queen Vein. Given the continuation of mineralization along-strike and down-dip, there exists a compelling rationale for further exploration and drilling initiatives.
Situated amidst the historical Deadwood and Eberle mines, which were previously mined primarily at surface levels, the newfound mineralized zone reveals previously untapped depths with silver and gold mineralization.
With assay results surpassing initial projections, Summa Silver is strategically positioning itself for substantial expansion and growth opportunities.
More details here:
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.