Summa Silver Corp. (TSXV: SSVR | OTCQX: SSVRF | Frankfurt:48X) has staked a large package of contiguous mining claims at its high-grade Mogollon Project near Silver City, New Mexico.
Galen McNamara, CEO, stated: “Although the Mogollon mining district remains underappreciated, we think it has good potential to develop into a classic American mining district. Within that context, acquiring mineral rights to more land via inexpensive claim staking was an easy decision, particularly given that the new claims are known to have a few prospect trenches and remain completely unexplored by modern methods.”
The newly staked claims are contiguous with the Mogollon Project and are located to the north and west of the previously discovered consolidated extension target. The project size has increased substantially, now covering 3,886 acres, a nearly 65% expansion over the previous 2,382 acres. The new claims cover prospective extensions of several historically producing high-grade silver-gold veins, and even though numerous prospect pits and trenches are known to exist, no modern exploration has ever been completed on the new claims.
Summa Silver has also reported that drilling at its Hughes Project is also now complete for the year, and the company is preparing to resume drilling at its Mogollon Project in September. All six holes drilled to date by the company at its Mogollon Project have intersected high-grade silver-gold mineralization.
Highlights include:
- 31.0 m at 448 g/t silver equivalent* (129 g/t Ag, 3.88 g/t Au) in MOG22-05
- 11.6 m at 429 g/t silver equivalent* (220 g/t Ag, 2.70 g/t Au) in MOG22-04
For further information please visit: https://summasilver.com/
