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Summa Silver Corp V.SSVR

Alternate Symbol(s):  SSVRF

Summa Silver Corp. is a Canada-based junior mineral exploration company. The Company owns a 100% interest in the Hughes project located in central Nevada and in the Mogollon project located in southwestern New Mexico. The Hughes Property is located within and adjacent to the town of Tonopah, Nevada, the County Seat of Nye County, in the west-central part of the State. The Property comprises approximately 57 patented mining claims and 246 unpatented mineral claims, covering a total of roughly 5,504 acres. The Property is in the heart of the Tonopah Mining District, a silver and gold producing district in Nevada. The Mogollon Property is located in Catron County in southwest New Mexico, adjacent to the small town of Mogollon. The Property comprises 85 patented mining claims and 403 unpatented mineral claims, which cover approximately 7730 acres (3128 hectares) of land. It covers a silver-gold bearing epithermal vein field.


TSXV:SSVR - Post by User

Post by Biloxibuzzon Jun 23, 2021 9:34am
218 Views
Post# 33433573

One of Best Pure Siver Plays out There

One of Best Pure Siver Plays out ThereChecks all of the boxes. summa's mine is located in the Middle of Nevada in Tonapah. Right on a US Highway about 2 miles from a Comfort Inn and McDonalds. They are drillling right now with at least  2 or 3 rigs. They have hit monster holes 6000 grams per ton, 4000 grams per ton, and plenty more. They are cashed up. I think Eric Sprott as invested in  2 or 3 times. They just put out a press rereleas that says they have a tailings pile with 74 grams per ton. The release said it was 83 acres big by 9 ft tall. I did the math  at todays price ($26/OZ) that tailings pile is worth somewhere around $70 million to $90 million. Thats more that the market cap of the company.  Turns out Howard Hughs used to own the property.
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