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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 Justdosomeddon Jan 13, 2023 3:45pm
154 Views
Post# 35222175

Significant Cash Position to Support Exploration

Significant Cash Position to Support Exploration
As the world becomes more electric, we’re going to need a huge amount of resources in order to support the transition. Lithium, silver, and copper will be the foundational resources needed in order to make the transition feasible across the globe. And with silver demand having reached highs last year, I’m expecting this trend only to continue as investors hedge against inflation with the slowing rate hikes and the industry begins to utilize more silver due to the world’s electrification.
 
https://www.silverinstitute.org/global-silver-demand-rising-new-high-2022/
 
Summa Silver is a company especially poised to capitalize on the growth due to their solid management team, impressive properties, and cash position.
- Tight share structure, with 18% owned by Sprott and another 53% by insiders/institutional investors.
- Mogollon Project’s past production reached 298 g/t Ag and 6.16 g/t Au from 1880-1942, and current exploration has already shown signs of extreme mineralization on the property.
- The Hughes Project has already returned high grades and is located on the eastern side of the second-largest historical silver producer in Nevada.
 
More recently, Eric Sprott led a $10M financing round to further support exploration and development for 2023. With the new cash position and already promising results on their properties, definitely keep a close eye out for continued developments here.
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