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 > High-Grade Discovery @ Hughes & Drilling Commenced@ Mogollon

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Post by waves1 on Dec 07, 2023 12:25pm

High-Grade Discovery @ Hughes & Drilling Commenced@ Mogollon

Adding to its already impressive scale, Summa Silver (SSVR.v SSVRF) has announced an additional high-grade discovery at its Hughes Project and commenced drilling at its Mogollon Project!

Hughes Project Results

The final results from the recently completed drill program at Hughes in Nevada hit 392 g/t AuEq over 3.0m in a newly discovered vein zone approximately 650m east of the Ruby zones.

This has marked an extension of the Tonopah Mining District as three new discoveries were made between 1.5km and 4.7km along strike from the historic district.

With all of the new zones open for expansion in all directions, the resource still has substantial growth potential.

Mogollon Project Drilling

Regarding the Mogollon Project, SSVR has commenced 2,000 meters of drilling across three new targets along the Queen Vein.

The holes have been designed to test targets immediately below and along strike from zones of shallow high-grade mineralization.

All holes will represent significant step-outs along a strike length of nearly 2km on the Queen Vein where 448 g/t AgEq* over 31 m, 640 g/t AgEq* over 9.9 m and 433 g/t AgEq* over 23.2 m were previously drilled.

Galen McNamara, CEO, stated:

"At Hughes, we have made three new vein discoveries in only six exploration holes in 2023. High-grade silver and gold zones which are open in all directions have now been intersected up to 4.7 km east along strike from the Tonopah mining district, one of the most prolific historic silver camps in the United States. With this in mind, we will approach additional discovery aggressively and with high conviction for future success. At Mogollon, our approach to discovery for this program will be marked by a series of aggressive yet precisely planned drill holes guided by our ever-increasing understanding of high-grade shoots in the Queen vein. We look forward to sharing results as they become available."

Full News Release: https://summasilver.com/summa-silver-announces-additional-high-grade-discovery-at-the-hughes-project-nevada-commences-drilling-at-the-mogollon-project-new-mexico/