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 > SSVR cashed up to continue exploration work on Mogollon

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Post by StockHawk1 on Jan 05, 2023 2:57pm

SSVR cashed up to continue exploration work on Mogollon

Summa Silver Corp. (SSVR.v SSVRF) recently raised $10.3M through a brokered PP, cashing it up to continue exploring its high-grade silver/gold Mogollon Project.

The last update from Mogollon showed that all 11 holes drilled so far have intersected the Queen Vein.

This vein is characterized by intermittent to continuous quartz-carbonate veining/breccia with local zones of silver-bearing sulphides

So far the strike length is 390m and the mineralized zone remains open.

More here: https://summasilver.com/summa-intersects-significant-visible-mineralization-in-step-out-holes/

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Comment by XeniaTechie on Jan 09, 2023 2:08pm

Following a successful $10M private placement led by a $3M Sprott investment, Summa Silver is on the cusp of a breakout with ongoing drilling at the high grade silver-gold Mogollon project which to date has intercepted high-grade silver and gold in all 6 holes drilled. I’ve been looking into SSVR’s Mogollon project, a famous past producing mine in New Mexico with at least 16.4Moz Ag and 339 koz Au ...more

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