With rate hikes expected to slow for 2023, commodity prices (especially those commonly used to hedge against inflation) have started to recover as investor confidence begins to return to the sector. And $SSVR.V has been looking to capitalize on this growth as they continue exploration of their 2 main properties, the Mogollon and Hughes projects. In particular, there’s an ongoing exploration program at the Mogollon project, which has already begun to yield some interesting results.
- It was the largest historical silver producer in New Mexico with at least 16.4 Moz Ag and 339 koz Au of production at grades of 298 g/t Ag and 6.16 g/t Au or 795 g/t AgEq from 1880-1942.
- Recent updates include five more holes that have intersected the Queen Vein, with the first target representing only 1% of the total vein.
- With 2 more rigs on site, drilling will continue especially considering the recently opened $10M financing round, which will greatly support future exploration.
Overall, with the currently ongoing drill program and changing macro environment, there are a lot of potential catalysts considering the historical grades and production in addition to the extensive mineralization that they’ve already been able to begin exploring. Moreover, the company ownership is interesting as some big names in the mining industry, like Eric Sprott, are backing the company. Definitely an interesting one to watch now that they’re raising an additional $10M to significantly improve their cash position.
[https://www.kitco.com/news/2022-12-23/Gold-prices-to-push-above-2-000-and-silver-to-double-on-its-way-to-50-in-2023-Avi-Gilburt.html](https://www.kitco.com/news/2022-12-23/Gold-prices-to-push-above-2-000-and-silver-to-double-on-its-way-to-50-in-2023-Avi-Gilburt.html)