HAMR.c | News and price action to watch for. After seeing a 21% price run on high daily volume this week, I’ll be watching for Silver Hammer (CSE: HAMR) shares to make a break past resistance at $.37 this coming week.
The company is currently conducting Induced Polarization surveying at the Silver Strand Project, and drilling is expected to begin very shortly. From the company’s last press release, drilling was expected to start before the end of July, so I expect we should be hearing updates this coming week.
Results from IP surveying could provide a big catalyst in the near future. IP/Resistivity technology can identify silicified quartz-hosted, sulfide-rich silver and gold mineralization up to 200 meters in depth. The survey is intended to track the known mineralized zone laterally, as well as to search for parallel mineralized zones. Strong results from this could mean big silver for HAMR.
HAMR.c is currently trading at $.34, valued at $15.81 million.
https://ceo.ca/@globenewswire/silver-hammer-commences-induced-polarization-survey