Silver Valley Metals Corp V.SILV

SILV is a great potash/lithium play under the radar

[Roddiggiti]

Based on what EPO.H and SOP.H did with their huge floats and lack of cash/assets, I'm surprised SILV hasn't moved nearly as much. They have an advanced stage Lithium/Potash project in Mexico(plus advanced (Lead/Silver/Zinc property), cash in the bank and only 36 million shares. 

From a recent press release by SILV:

Highlights of the project

• Inferred resource contains 243,000 tonnes of lithium carbonate equivalent (LCE) and 12.3 milliont tonnes of SOP;
• Significant upside to expand inferred resource at depth and laterally;
• Continuous high-grade lithium portion at one of three salars, containing seven million tonnes at 1,490 parts per million lithium within 20 million tonnes at 880 ppm Li -- perimeter and depth of deposit largely untested;
• Potassium in water peaked at 27,000 milligrams per litre with an average of 13,000 mg/l and sulphate (SO4) peaked at 40,000 mg/l with an average of 17,000 mg/l;
• Brine from 20-metre wells pumped to the surface and concentrated by evaporation yielded lithium results of 1.2 to 2.1 per cent (12,000 to 21,000 mg/l);
• Maiden mineral resource estimate (National Instrument 43-101 compliant by SRK, 2019) of 120 million tonnes of inferred mineral resources grading 4.6 per cent potassium and 380 ppm lithium;
• Deep basin large aquifer brine potential defined by a recent regional geophysics survey, remains to be tested;
• Large land position and first mover advantage in a new district within an emerging potassium-lithium province in the central Mexican plateau;
• Mexico imports 100 per cent of all potash -- significant opportunity to fulfill supply needs;
• Located in the heart of the mining-friendly state of Zacatecas, with political stability, low risk of expropriation and a high level of security;
• Excellent infrastructure in place, including abundance of skilled labour, an international airport, modern highways, railways and sufficient power.

[gossamer7]

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[nickleodeon]

Thanks for this Roddiggiti. Apparently with what's going on with Ukraine and other factors Potash will be needed and the main Canadian supplier Agrium is having a hard time providing more - since it is at its full capacity. Would be nice to see how Silver Valley moves forward.

[Roddiggiti]

No problem. Right now based on all the other potash/lithium plays, SILV could easily raise $1-2 million at 20+ cents and do some work on the property. Having an inferred resource means it's advanced and has a lot more merit than speculative potash plays like EPO, SOP, GQ, where they have no resource, just virgin ground or a concept.