TSXV:SSVR - Post Discussion
Post by
MarketMakerss on Feb 29, 2024 5:45pm
High-Grade Mineralization Intersected in First Hole
Intersecting multiple zones of strong epithermal-related silver-gold mineralization, Summa Silver (SSVR.v SSVRF) drilled high-grade mineralization in the first hole at its South Queen Target at the Mogollon Project in New Mexico with highlights including:
-
393 g/t silver equivalent* (64 g/t Ag, 3.9 g/t Au) over 7.4 m from 242.4 m down-hole (60 m vertical depth), including 2,735 g/t silver equivalent* (320 g/t Ag, 28.6 g/t Au) over 1.5 m
-
357 g/t silver equivalent* (186 g/t Ag, 2.2 g/t Au) over 0.9 m from 201.2 m down-hole
Notably, this hole represents a 1.4 km step out on the Queen Vein where mineralization remains open in all directions, attesting to both the size and scale of the vein.
Located between two historic producers, the newly intersected mineralized zone is located between the Deadwood and Eberle mines and the results support the high-prospectivity of the entire Queen Vein where mineralization is open along-strike and down-dip warranting systematic follow-up drilling.
As drilling is now complete, results are pending from the two holes that tested for mineralization along strike and below the Eberle Mine.
Galen McNamara, CEO, stated:
"We designed this drill program to test the size and scale of mineralization on the Queen Vein. The targets were precisely planned and based on our extensive geological modelling efforts that have evolved over the past three years. Unsurprisingly, our first hole successfully intersected strong mineralization. We look forward to additional results and continuing to unlock value in what has long been an overlooked historic mining district."
The Mogollon Project is the largest historical silver producer in New Mexico with at least 16.4Moz Ag and 339kox Au of production at grades of 298g/t Ag and 6.16 g/t Au or 795 g/t AgEq between the 1880s and 1943.
Hinting at the potential for Mogollon to be one of the last great veins fields in the US due to its under-explored nature. SSVR hitting two strong mineralized intersections at its first hole in between two old mines is a significant testament to the strength of the Queen Vein.
Substantial discovery potential remains as this drilling tested just two of the 77km of potentially silver-bearing vein length on project and targets along the Queen Vein representing only 2.5% of the total vein and structure length on the project.
Posted on Behalf of Summa Silver Corp.
Be the first to comment on this post