- Summa Silver (SSVR) has drilled 11,992 g/t AgEq over 0.9 m within 4,408 g/t AgEq over 2.8 m at the Hughes Property in Tonopah, Nevada
- The pair of drill holes reported confirm the presence of stacked mineralized veins within southern portions of the Rescue Vein System
- To date, grades at Rescue Vein have often exceeded 2,000 g/t AgEq
- Assays are pending from three additional holes with more currently being planned
- Summa Silver is a Canadian junior mineral exploration company focused on projects in Nevada and New Mexico
- Summa Silver (SSVR) is up by 5.94 per cent and is currently trading at $1.07 per share
Summa Silver (SSVR) has drilled 11,992 g/t AgEq over 0.9 m within 4,408 g/t AgEq over 2.8 m at the Hughes Property in Nevada.
The results are from the first two drill holes of the year on the property’s Rescue Vein System, which confirm the presence of stacked mineralized veins within the southern portion of the system:
- SUM21-30: 11,992 g/t AgEq (5,969 g/t Ag and 60.2 g/t Au) over 0.9 m from 432.1 m within 4,408 g/t AgEq (2,252 g/t Ag and 21.6 g/t Au) over 2.8 m from 430.6 m
- SUM21-32: 525 g/t AgEq (269 g/t Ag and 2.56 g/t Au) over 1.2 m from 413.3 m within 155 g/t AgEq (79 g/t Ag and 0.76 g/t Au) over 15.1 m from 397.4 m
Their high-grade intercepts comprise silver-sulfosalt bearing, banded to brecciated quartz ± adularia veins with associated argillic alteration halos.
Both holes represent a priority for future drilling.
Drilling to date has demonstrated strong continuity of high-grade mineralization at Rescue Vein, where grades often exceed 2,000 g/t AgEq.
Assays are pending from three additional holes with more currently being planned.
Galen McNamara, Summa’s CEO, stated,
“Hole SUM21-30 ranks very favourably with the best holes drilled globally on any silver-focused project in recent memory. It is also important to note that it is only the 30th hole drilled on the project to date. In the bigger picture, the discovery of grades well over 10,000 g/t silver equivalent at Hughes is an exciting new development for the Tonopah Mining District. Drilling will continue for the remainder of 2021 as we drive towards unlocking the full potential of this classic American mining district. We continue to be well funded for this objective with over C$9.5 million in working capital.”
Summa Silver is a Canadian junior mineral exploration company focused on projects in Nevada and New Mexico.
Summa Silver (SSVR) is up by 5.94 per cent and is currently trading at $1.07 per share as of 10:13 am ET.