Summa Silver Corp V.SSVR

Alternate Symbol(s): SSVRF

Metals & Mining Industrial Metals & Minerals

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.

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Summa Silver Corp

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Post by 1StockInformeron Nov 10, 2023 9:15pm

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Post# 35729765

Summa Silver Investor Summit Summary

Summa Silver (SSVR.v SSVRF), led by CEO Galen McNamara, provided an insightful update on their projects at the 2023 Kinvestor Days Conference. The discussion primarily centred on two key projects: the Mogollon project in New Mexico and the Hughes project in central Nevada.

Mogollon Project, New Mexico:

McNamara highlighted the success at Mogollon, where the team has been actively expanding known mineralization zones.
The focus is on enhancing resource potential by strategically drilling areas with promising mineralization indicators.
At the time of the presentation Summa's ownership of the project stood at 75%, with plans to reach 100% by the end of the year. Summa followed through with this plan, earning 100% of the project in mid-October.

Hughes Project, Central Nevada:

The Hughes project, located in the Tonopah mining district, has been a significant area of exploration.
McNamara showcased positive results, including high-grade silver equivalents over various meters in multiple drill holes.
Extensive 3D modeling has been applied, revealing promising targets, particularly in historic zones on the property like the Belmont mine.
The exploration is not only focused on known areas but also extends to new prospects to the east of the district, showing great potential for further discoveries.
Since the presentation Summa has also identified multipule high grade zones with up to 3,204 g/t Silver Equivalent at the Belmont Mine (source: https://summasilver.com/summa-silver-identifies-numerous-high-grade-zones-of-up-to-3204-g-t-silver-equivalent-remaining-in-the-belmont-mine-hughes-project-nevada/)

Addressing shareholder questions and the company's future outlook McNamara also discussed Summa's strategic use of capital, considering where discovery costs would be the lowest, and maintaining a balance between value addition and prudent spending.

Overall the presentation displays how Summa Silver continues to make significant strides in their exploration efforts, showcasing its promising results and strategic planning for future advancements in both New Mexico and Nevada projects.

Full presentation: