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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 1StockInformeron Jun 24, 2024 7:51pm
131 Views
Post# 36104214

SSVR.v Sets Sights on Extensive Drill Program at Mogollon

SSVR.v Sets Sights on Extensive Drill Program at Mogollon

Summa Silver Corp. (Ticker: SSVR.v or SSVRF for US traders) is pushing forward with a new drilling initiative at its Mogollon Project in New Mexico.

User image


This effort will target the Queen vein, known for its rich mineral content, with the goal of identifying and quantifying significant silver and gold deposits over a 2 km stretch.


Both infill and step-out drilling will be done to evaluate grade continuity, a critical factor for future mineral resource estimates.


One of Summa Silver's key drilling targets is near the historic Consolidated Mine. Previous drilling in this area has yielded impressive results, including 448 g/t silver equivalent over 31 meters and 640 g/t silver equivalent over 9.9 meters. 


Additionally, Summa Silver plans to drill 1.2 km south of the Consolidated target in areas with high potential. 


The South Queen target has reported 393 g/t silver equivalent over 7.4 meters, while the Eberle target returned 1,133 g/t silver equivalent over 1.65 meters. Both targets remain open for further exploration to extend the mineralized zones.


Additionally, the Clifton area is also being targeted. Although not yet drill-tested, this target has shown promising historic underground sampling results, with grades reaching up to 382 g/t silver equivalent. 


Summa Silver is finalizing detailed plans and budgets for the upcoming drilling program, set to begin in Q3 2024. This program aims to systematically explore and delineate the mineralized zones, providing essential data for future resource estimates.


With these plans, Summa Silver is well-positioned to advance the Mogollon Project, capitalizing on its high-grade silver and gold potential to drive future growth and development.


Full news here: https://summasilver.com/summa-silver-reviews-high-potential-targets-and-plans-resource-style-drill-program/


Posted on behalf of Summa Silver Corp.

 
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