Amidst the recent surge in precious metal prices, silver is poised to shine brightly, according to analysts. Marcus Garvey, head of commodities strategy at Macquarie, anticipates silver transitioning from being a relative underperformer to gold to becoming a relative outperformer, especially in the third and fourth quarters of the year, as global growth gains momentum.
Source: https://www.cnbc.com/2024/03/11/gold-vs-silver-prices-analysts-expect-xag-to-outperform-xau-in-2024.html
Looking at the silver exploration sector which is likely to benefit from rising silver prices, Summa Silver Corp. (Trading as SSVR.v or SSVRF for US investors) recently unveiled positive discoveries stemming from its inaugural drilling venture at the Mogollon Project in New Mexico.
The maiden drill operation at the project's South Queen target unveiled a wealth of high-grade silver-gold mineralization, boasting 393 g/t silver equivalent (64 g/t Ag, 3.9 g/t Au) over a span of 7.4 meters. Notably, within this intercept lies 2,735 g/t silver equivalent (320 g/t Ag, 28.6 g/t Au) over 1.5 meters.
This revelation marks a significant milestone for Summa Silver, shedding light on the vast untapped potential concealed beneath the surface of the Mogollon Project.
The unveiled findings not only affirm the meticulous geological modeling undertaken but also point towards promising prospects awaiting exploration within the uncharted territories of the Queen Vein. With mineralization stretching along-strike and down-dip, the case for further exploration and drilling endeavors becomes increasingly compelling.
Surpassing expectations, the assay results indicate an auspicious trajectory for the company, positioning it for substantial growth and development.
More here: https://summasilver.com/summa-silver-drills-high-grade-mineralization-in-first-hole-at-the-south-queen-target-mogollon-project-new-mexico/
Posted on behalf of Summa Silver Corp.