Shares of Summa Silver (TSXV: SSVR) are on track to retest resistance at $1.34 as shares see a rebound from $1.24.
The company recently expanded its Hughes Property in Nevada by 1,446 acres, bringing the total coverage of the project to 5,504 acres.
Previously reported geophysical and soil geochemical data from Hughes highlighted numerous untested targets interpreted to have the potential for high-grade silver-gold veins, as well bulk-tonnage style disseminated gold mineralization. Many of these targets remained open for expansion towards and into the newly acquired claims.
I anticipate updates on Summa’s plans for the property to provide a catalyst to potentially push shares past resistance and put them on track to test all-time highs. The company plans to aggressively pursue its targets soon, so I expect to hear updates in the near future.
$SSVR.v is currently trading at $1.27 and is valued at an MCAP of $97.58M.
https://ceo.ca/@newsfile/summa-silver-significantly-expands-the-high-grade-hughes