Summa Silver Corp. (TSXV: SSVR | OTCQX: SSVRF) has provided an update on its exploration activities across its high-grade Hughes Project, near Tonopah, Nevada.
Assays are pending from eight holes drilled at the company’s Hughes Project, which concentrate on resource style spacing at the project’s Murray and Belmont target areas. Each of the eight holes drilled have reportedly intersected zones of quartz veins, stockworks, and breccias featuring visible silver sulphide mineralization. High-grade mineralization at the project’s Rescue target has been intersected in several stacked structures over an area of 400 x 100m where it remains open to expansion. Similarly, high-grade mineralization at the Murray target, has been intersected over an area of 500 x 300 m where it remains open to expansion.
Further mineralization is reportedly present in multiple additional areas over a length of 3.5 km, including the company’s Ruby discovery, a 1.3km step-out from the historic Belmont Mine.
Drilling is now complete at the Hughes property and Summa is preparing to return to drilling at its Mogollon Project where hole “MOG22-05” recently intersected 31m at 448 g/t silver equivalent* (3.88 g/t Au, 129 g/t Ag).
Furthermore, the company is currently conducting geological mapping and soil sampling across recently acquired claims and has already identified multiple high-potential targets, with a focus on target generation within sight of the historic Tonopah mining district.
Summa Silver has also stated that it is well capitalized for extensive drilling with approximately $9M in working capital to deploy.
Galen McNamara, CEO, stated: “All holes drilled at Hughes so far have hit their target and our technical team is rapidly advancing the exploration model for the entire project package. We control a dominant land package in this premier historic American high-grade silver district which remarkably remains substantially underexplored. On the Hughes Project, high grade mineralization has been intersected in four target areas over 3.5 km. These zones remain open to expansion, and we are only just beginning to wrap our arms around what’s remaining here”
For further information please visit: https://summasilver.com/
