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Bullboard - Stock Discussion Forum 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... see more

TSXV:SSVR - Post Discussion

Summa Silver Corp > $SSVR.v Drilling And Funding Updates.
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Post by partystocker on Mar 10, 2022 11:59am

$SSVR.v Drilling And Funding Updates.

Summa Silver (TSXV: SSVR) is currently taking a dip from recent highs. Given recent announcements from the company, I suspect this dip to be a good time to get in. 


Summa recently announced first drill results from its Mogollon property, highlighting 11.6 m of 450 g/t Ag and .9 m of 1,940 g/t Ag. The newly drilled mineralized zone remains open to expansion in all directions. 


These assay results show that Summa now has two high-grade silver projects, both of which it believes will prove to be very exciting as it continues to define the extent of the mineralization via aggressive drilling. 


More recently, Summa closed a private placement, raising $11.5 million. Both Eric Sprott and First Majestic Silver subscribed to the offering as lead subscribers, showing there is a lot of confidence backing the company. 


$SSVR.v is currently trading at $1.25, on a slight dip from a recent 45% bullish run. Prices appear to have bounced from support at $.19 yesterday, however, I am watching for a possible retest before prices continue to climb. $SSVR.v is currently valued at $96.04 million. 


https://www.marketscreener.com/quote/stock/SUMMA-SILVER-CORP-117540535/news/Summa-Silver-Announces-Closing-Of-11-5-Million-Private-Placement-led-by-Investments-from-Eric-Spro-37864239/

 
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