Silver Valley Metals (SILV) announced the company has started a ground geophysical survey on its entire Ranger-Page Project.
The project is located in the Silver Valley of Idaho.
The survey will be a first for the project and the company anticipates it will be completed in the fourth quarter of 2021.
The Vancouver-based mineral exploration company is currently finalizing its 3D digital geological model sourced from a comprehensive underground workings database. The model will be utilized alongside the geophysical survey to identify drill targets for the company's maiden diamond drill program anticipated to start towards the end of 2021.
The survey will be comprised of two phases. The first phase is a continuous reading magnetometer survey in conjunction with a VLF-EM survey at 120-metre line spacing. The second phase will be a high-resolution induced polarization survey oriented north-south at the same line spacing of 120 meters.
"We are excited to commence the geophysical survey at the Company's flagship Ranger-Page Project, as part of the exploration and development program for the 2021 season. Gradient's high resolution magnetometer system coupled with detailed IP in 3D imaging is a proven exploration tool and will help us delineate and increase our confidence on several promising targets.
Gradient's previous experience in the Silver Valley and understanding of the area's geology bodes well for Silver Valley Metals in the lead-up to drill target definition. Combined with surface geochemistry, bedrock and alteration mapping, underground 3D geological modelling and ground-based geophysics, we expect that targets developed using the detailed geophysics dataset will increase our confidence in advancing these targets to the drilling stage.
It is our goal to identify a number of geophysical anomalies throughout the property in order to further prioritize drill targets for our maiden diamond drill program at Ranger-Page," said Silver Valley Metals President, CEO and Director Brandon Rook.
The Ranger-Page Project was never consolidated within one company and was owned historically by up to five different groups, thereby limiting mining capabilities because of disjointed small-scale mining operations. Today, the project is consolidated, free of encumbrances, and open for exploration and development once again.
Silver Valley Metals is a brownfields exploration company focused on its flagship Ranger-Page Project located in the prolific Silver Valley of Idaho. The project is strategically located bordering two large mines, Bunker Hill to the east and Page to the west.
The company also has a 100-per-cent-owned interest in a lithium and potassium bearing salar complex comprising 4,059 hectares on three mineral concessions located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico.
Silver Valley Metals is up 2.38 per cent, trading at $0.22 at 9:30 am ET.