Bullboard - Stock Discussion Forum 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... see more

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Summa Silver Corp > Significant high-grade silver & gold results from Mogollon

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Post by waves1 on May 06, 2022 1:44pm

Significant high-grade silver & gold results from Mogollon

Solid news from Summa Silver ($SSVR.v $SSVRF) this week with high-grade silver and gold drill results from the Mogollon Property!

Highlights:

All holes have intersected high-grade silver and gold zones that remain open in all directions
31.0m at 459 g/t silver equivalent including 0.5m at 6,311 g/t silver eq. and 2.0m at 1,233 g/t silver eq
Aggressive 270m step-out
Consolidated extension target represents only 1.5% of the total prospective vein and structure length present with all other prospective areas largely un-explored

Going forward, $SSVR has an aggressive drill plan with a minimum of 25,000m of drilling in 50 holes necessary for the first resource estimate on first property target and is set to resume drilling at the Mogollon Property within 30 days. Drilling is ongoing at Hughes Property with assays for 5 holes pending.

$SSVR CEO Galen McNamara highlighted the significance of these results as they've only drilled 6 holes so far, with all of them hitting substantial high-grade silver and gold. Notably, these results stack up favourably when compared to world-class drill results from $SSVR's more advanced peers with substantially higher market capitalizations.