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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 waves1on Sep 13, 2023 11:01am
107 Views
Post# 35633770

Multiple underground high-grade zones identified at Mogollon

Multiple underground high-grade zones identified at Mogollon Summa Silver (SSVR.v SSVRF) identified multiple underground high-grade zones of up to 5,173 g/t Silver Equivalent at its Mogollon Project, New Mexico!
 
Highlight the expansion and exploration potential of multiple high-grade zones, two kilometers of targets have emerged on the Queen Vein with up to 5,173 g/t silver equivalent from the Eberle Mine and 2,564 g/t silver equivalent from the Deadwodod Mine.
 
The unmined zones are open to expansion with strong potential for continued high-grade mineralization below and along strike from historic mine workings.
 
Notably, the Mogollon Project continues to feature large-scale discovery potential as the 2km of mineralizes zones discusses represent less than 3% of the cumulative 75 km of prospective vein and structure length known to be present
 
With preparations for a fall drill program well underway at Mogollon, SSVR remains well finance with $7.5M in working capital.
 
Galen McNamara, CEO, stated: 

"At Mogollon, the Queen Vein is now starting to demonstrate its true potential. Of note, both the Deadwood and Eberle mines were only added to the land package relatively recently. Data compilation has now revealed that both mines host significant potential for new discovery along strike and at depth. We look forward to resuming drilling at Mogollon this fall and will provide an update on program details when planning is complete. We also plan to share an update from the Hughes Project in Nevada soon. Drilling at Hughes has been delayed due to mechanical issues, ground conditions and part shortages. However, the final hole of the season remains in progress and delays have been at minimal cost to the Company."

https://summasilver.com/summa-silver-identifies-multiple-underground-high-grade-zones-of-up-to-5173-g-t-silver-equivalent-mogollon-project-new-mexico/
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