Looking Forward For Phase II Drilling Besides jewelry, silver is still one of the most highly used conductive metals in electronics due to its properties as the best thermal and electrical conductor. Because of the demand, silver is something that’s not going to disappear anytime soon. One silver company I've been looking at is $HAMR.C, a Canadian exploration-stage company with multiple properties in the US and Canada. Just yesterday they announced a phase 2 drilling program at their past producing Silver Strand Project in Idaho.
- It will focus on expanding the known silver-gold zone down-dip and will also assess the potential for additional mineralized chutes.
- Targets are based on exploration work from 2021 (which confirmed that silver and gold-bearing sulphide mineralization extends beneath the historic mine workings)
- All six drill holes from Phase I find significant Au-Ag mineralization, so I’ll be looking to see how they're able to build off of the results for this phase.
https://ca.finance.yahoo.com/news/silver-hammer-engages-drilling-contractor-120000923.html
The company has 4 other equally interesting projects as well. With the recent $3M private placement, they're all cashed up to continue their exploration efforts as we move into the second half of 2022. Considering their properties and cash position, the current $13M market cap could see a significant upside as results near. RSI of only 41 with strong support levels at $0.30, as the overall market begins to stabilize, I'll be keeping a close eye out here.