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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 StockHawk1on Jan 26, 2022 4:25pm
123 Views
Post# 34364081

$SSVR and Eric Sprott

$SSVR and Eric Sprott

$SSVR's flagship project is the Huges Property which it owns a 100% interest in and it also has an option to earn 100% interest in the Mogollon property.

 

The Hughes property is located in central Nevada and includes the high-grade past-producing Belmont Mine.


The Belmont Mine was a prolific silver-producing mine between 1903 and 1929. 


One thing that really caught my attention about this company is that the prolific silver and gold investor Eric Sprott owns 18% of it. 


Although Sprott is taking many plays, 18% ownership indicates that he has a lot of confidence in $SSRV.  


$SSVR closed today at $0.95, MC $60.595M


More on Sprott investment here: https://summasilver.com/summa-silver-corp-announces-increase-to-previously-announced-private-placement-to-5000000-and-welcomes-eric-sprott-as-investor/

 
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