SSVR increases project size at Mogollon by 3,985 acres Summa Silver (SSVR.v SSVRF) has significantly increased the project size at its high-grade silver-gold Mogollon Project in New Mexico with the acquisition of an additional 3,985 acres of mineral rights!
With the project now covering 7,730 acres of mineral rights, there are multiple unexplored targets that represent significant discovery opportunities.
Plus, SSVR remains well financed with $9.5M in working capital with drilling ongoing at the Hughes Project in Nevada.
Galen McNamara, CEO, stated: "Given our strong belief that the Mogollon Project could be one of the great precious metal-rich vein fields left remaining in the United States, increasing the size of the project largely through inexpensive claim staking was a key step for us. To the north, new veins and vein-extensions have already been identified that are marked by the presence of historic prospect pits, portals and shafts. These historic workings have long been forgotten and are likely well over a century old. To the south at the historic Deadwood Mine, the Company has acquired historic data showing zones of strong mineralization in the old mine workings that we are currently digitizing."
https://www.newsfilecorp.com/release/170762