I’m keeping an eye out here for drilling updates from Silver Hammer Mining (CSE: HAMR) as shares begin to rebound from a retest of all-time lows.
HAMR last provided updates on August 15, so I expect the company should have some new news to report soon. At the time of the last announcement, the first of 11 holes had been drilled. With drilling expected to last approximately 7 weeks, it appears we are getting close to the end of this drill campaign.
Management believes the potential for making additional discoveries at the Silver Strand project is excellent, and finding new high-grade zones of gold-silver mineralization would demonstrate the large-district scale potential it believes is possible.
With HAMR currently valued at $14.65 million, results from this phase 2 drill campaign could be a huge catalyst should they yield significant discovery.
HAMR.c is currently trading at $.315.
https://ceo.ca/@globenewswire/silver-hammer-reports-on-drilling-progress-at-the-silver