Summa Silver Corporation (TSXV: SSVR) (OTCQB: SSVRF) has provided an update regarding on-going drilling at its high-grade silver-gold Mogollon Property, near Silver City, New Mexico.
Galen McNamara, CEO, stated:“We are off to a strong start at Mogollon and the team is excited to continue testing the Queen Vein around the old Consolidated Mine where visual results so far have suggested the presence of significant mineralized zones. Meanwhile at the Hughes Project, drilling is scheduled to begin shortly. At both projects, drilling will be concentrated on testing veins with known high-grade mineralization, mostly on a step-out basis. We look forward to releasing assay results from both projects as they become available.”
About the Mogollon Drill Programme
At Mogollon, Summa have been testing un-mined extensions to the Consolidated Mine, centred on the north-trending, epithermal-related Queen Vein. Holes on 50-100m centres have been designed to systematically test the lateral and vertical continuity of mineralization over a strike-length of approximately 500m and near-vertical, down-dip extent of over 300m beginning at approximately 130m below surface.
Holes MOG21-02, 03, 04, and 06 targeted the extension of structurally controlled, vein-hosted mineralization south of the Consolidated stopes whereas hole MOG21-05 tested the extension of mineralization north of the stopes.
The company announced that broad zones (up to 50m) of epithermal-related alteration, veining, brecciation and mineralization, cored by the Queen Vein, was intersected in all holes. Hole MOG21-03 was terminated in mineralization due to the intersection of historic workings after deviation of the hole during drilling.
The hanging wall to the Queen Vein consists of silicified and brecciated andesite and rhyolite cut by zones of colloform-banded chalcedonic quartz veins, increasing in frequency with depth towards to the Queen Vein. The Queen Vein has evidence of multiple epithermal-related fluid events that formed calcite + quartz veins, quartz-rich breccias with bladed quartz, colloform banding and local silver-bearing sulfides.
The footwall to the Queen Vein consists of silicified and brecciated andesite with locally abundant silver-bearing sulfides as disseminations and banded within chalcedony-rich veins.
The company says they will incorporate lithological and structural data from these holes and subsequent holes into their geological model to help target high-grade zones along the vein system.
Drill core from holes MOG21-01 to MOG22-04 have been sampled and dispatched to Paragon Geochemical in Sparks, NV for assay analyses. Drill core from holes MOG22-05 and MOG22-06 are currently being processed at site and prepared for shipment.
For further information please visit: https://summasilver.com/
