Summa Silver Corp. (TSXV: SSVR | OTCQB: SSVRF | FRA: 48X) has revealed strong silver and gold drill results from the Mogollon Property near Silver City, New Mexico, U.S.
The company’s CEO, Galen McNamara, said, “With only six holes drilled at Mogollon, and all of them hitting substantial high-grade silver and gold, it is clear we are only in the very early innings here.”
Key highlights:
- 31.0m at 459 g/t silver equivalent* (3.88 g/t Au, 129 g/t Ag) including 0.5m at 6,311 g/t silver equivalent (66.8 g/t Au, 638 g/t Ag) and 2.0m at 1,223 g/t silver equivalent (9.32 g/t Au, 431 g/t Ag) in MOG22-05 where total grade thickness through all mineralization is 14,233 g/t AgEq*m
- Aggressive Step-Out: Hole MOG22-05 is a 270m step-out from previously reported MOG22-04 which intersected 11.6m at 450 g/t silver equivalent (2.7 g/t Au, 220 g/t Ag)
- Open in all Directions: The newly drilled mineralized zone at the Consolidated Extension target remains open to expansion in all directions
- Aggressive Drill Plan: The company anticipates a minimum of 25,000m of drilling in 50 holes is necessary for a spacing of approximately 50m between holes covering an area of approximately 500 x 300m to publish its first resource estimate on this first Mogollon property target
- Work Just Beginning: The Consolidated Extension target represents only 1.5% of the total prospective vein and structure length present on the property. All other prospective areas remain largely unexplored
- Drilling to Resume at Mogollon: The company is planning to resume drilling at Mogollon within 30 days and after the completion of required ongoing wildlife surveys
- Drilling Ongoing at the Hughes Property: The core drilling programme at the Hughes Property at Tonopah, Nevada continues to be fully operational and assays for five additional holes are pending
“Hole MOG22-05 is also the strongest hole drilled to date by the company. It already stacks up very favourably when compared to world-class drill results from our much more advanced peers featuring substantially higher market capitalizations.
“We look forward to continuing to aggressively drill-out this high-grade zone and our Hughes Property in Nevada this year,” said Mr McNamara.
To find out more, visit: https://summasilver.com/
*Silver equivalent (AgEq) based on 85(Ag):1(Au) at Mogollon. True widths are unknown.
