Bullboard - Stock Discussion Forum Summa Silver Corp V.SSVR

Alternate Symbol(s): SSVRF

Metals & Mining Industrial Metals & Minerals

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... see more

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Summa Silver Corp > Summa Silver Intersects Substantial Visible Mineralization

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Post by Betteryear2 on Feb 24, 2022 8:10am

Summa Silver Intersects Substantial Visible Mineralization

Core Photos Reveal Extensive Vein Zones; All Assays Pending

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2022) - Summa Silver Corp. (TSXV: SSVR) (OTCQB: SSVRF) (FSE: 48X) ("Summa" or the "Company") is pleased to provide an update from on-going drilling at the high-grade silver-gold Mogollon Property, near Silver City, New Mexico.

Key Highlights

Five More Holes Intersect the Queen Vein: All six holes drilled so far have intersected 17-50 m zones of intermittent quartz-carbonate veining and brecciation with local concentrations of silver-bearing sulfides (see attached figures).
Core Photos: A complete set of photos of the Queen Vein intersections from holes MOG21-02 to MOG22-06 can be viewed here in addition to photos previously released from MOG21-01.
Aggressive Drill Plan Unfolding: Two rigs are currently drilling at the Consolidated Extension target where the Company anticipates that a minimum of 25,000 m of drilling in 50 holes is necessary for a spacing of approximately 50 m between holes covering an area of approximately 500 x 300 m.
Work Just Beginning: This first target represents only 1.5% of the total vein and structure strike length present on the property.
Drilling Imminent at the Hughes Property: Two additional diamond drill rigs are currently mobilizing to Tonopah, Nevada where drilling will begin immediately. Further details on this program with be announced announced shortly.

Galen McNamara, CEO, stated: "We are off to a strong start at Mogollon and the team is excited to continue testing the Queen Vein around the old Consolidated Mine where visual results so far have suggested the presence of significant mineralized zones. Meanwhile at the Hughes Project, drilling is scheduled to begin shortly. At both projects, drilling will be concentrated on testing veins with known high-grade mineralization, mostly on a step-out basis. We look forward to releasing assay results from both projects as they become available."

https://www.newsfilecorp.com/release/114680