As the silver market stabilizes and continues to test resistance at the $22 levels, there’s still a great environment for silver explorers and miners as prices remain significantly elevated above pre-pandemic levels. With the growth in demand for uses such as solar panels, batteries, electronics, and as a hedge against inflation, there's a lot of potential for the overall silver market.
Summa Silver ($SSVR.V) is a Canadian silver and gold exploration stage company with 2 impressive properties, the Mogollon in New Mexico and Hughes property in Nevada. I'll list some of the reasons why these properties are especially interesting relative to peers.
The Mogollon Property was a past-producing mine and the largest historic producer in New Mexico.
- Production grades included 298 g/t Ag and 6.16 g/t Au.
- They’ve continued to shown promising results, with the last drill returning 31m of 459 g/t silver equivalent and 2m at 1,223 g/t. (All drilled holes have returned significant results so far).
Now, the Hughes property. Located on the eastern side of the Tonopah District, it is the second-largest historic silver producer in Nevada, with grades of up to 679 g/t Ag and 7.3 g/t Au.
- Multple zones have returned above 1,000 g/t Ag equivalent (one even near 4,000 g/t over 2.8m).
- 100% owned, spanning over 5,500 acres.
- Has excellent access to infrastructure with a nearby highway and power lines running through the property.
Overall, considering the high-grade results and catalyst potential with future drill results, definitely make sure to keep an eye out at these levels. GLTA!