According to The Silver Institute's World Silver Survey, demand from the photovoltaic sector is anticipated to rise by 20% this year, making up 23% of the global supply. This surge in demand is occurring alongside a 1% decline in silver production, creating market imbalances.
Source: https://www.theglobeandmail.com/investing/markets/stocks/FVL/pressreleases/26187406/silvers-bright-future-green-energy-fuels-demand-surge/
Summa Silver Corp. (Ticker: SSVR.v or SSVRF for US traders), a silver exploration company, has announced a new drilling program at its Mogollon Project in New Mexico.
This initiative aims to explore the Queen vein, which is known for its rich mineral deposits, and to identify significant silver and gold resources over a 2 km stretch.
The company plans to conduct both infill and step-out drilling to assess the continuity of mineral grades, an essential aspect for future resource estimates.
One of the primary targets is near the historic Consolidated Mine, where previous drilling has yielded notable results, including 448 g/t silver equivalent over 31 meters and 640 g/t silver equivalent over 9.9 meters.
Further drilling is planned 1.2 km south of the Consolidated target, in areas with high potential.
The South Queen target has reported 393 g/t silver equivalent over 7.4 meters, while the Eberle target returned 1,133 g/t silver equivalent over 1.65 meters. Both areas remain open for further exploration.
Additionally, the Clifton area, which has not yet been drill-tested, has shown promising historic underground sampling results, with grades up to 382 g/t silver equivalent.
Summa Silver is finalizing detailed plans and budgets for this drilling program, set to begin in the upcoming quarter. The objective is to systematically explore and delineate the mineralized zones, providing crucial data for future resource estimates.
With these plans, Summa Silver aims to advance the Mogollon Project, leveraging its high-grade silver and gold potential to drive future growth and development.
More here: https://summasilver.com/summa-silver-reviews-high-potential-targets-and-plans-resource-style-drill-program/
Posted on behalf of Summa Silver Corp.