Summa Silver (TSXV:SSVR) (OTCQB:SSVRF) (Frankfurt:48X) Provides Hughes Property Drilling Update
- Summa Silver has reported eight new drill holes from the Hughes Property
- Drilling tested the Murray target on the western side of the project and the Rescue Vein system of the Belmont target
- Both targets intersected multiple zones of silver and gold mineralization and remain open to expansion
- Targets across the project, including Murray, are being ranked and prioritized for the next round of drilling
- Shares in Summa Silver (SSVR) are up 14.29% on the TSXV this week, trading at CA$0.72 per share
Summa Silver has reported the results from eight holes drilled across the Hughes Property near Tonopah, Nevada.
Seven of the eight holes tested the Murray target on the western side of the project, and one tested the Rescue Vein system of the Belmont target. Both targets intersected multiple zones of silver and gold mineralization and remain open to expansion.
At the Murray target, drilling consisted of infill and exploration holes designed to further investigate the vein system. Previous drilling identified significant zones of high-grade silver and gold mineralization, and the recent results confirmed this with highlights such as 535 g/t silver equivalent (335 g/t Ag and 2.73 g/t Au) over 4.6 metres.
Today’s results also included one hole from the Belmont target which demonstrated mineralization continuity within many of the high-grade Rescue veins along strike to the west. This hole drilled 496 g/t silver equivalent (173 g/t Ag and 4.0 g/t Au) over 0.5 metres.
“We continue to be pleased with the results from the Hughes project in the historic Tonopah district,” said Summa Silver CEO Galen McNamara. “This classic American high-grade silver district still has much to offer, and we have the feeling that between the two companies active in the district, we are only beginning to scratch the surface of the full discovery potential here.”
The Company noted that further mineralization is present in multiple additional areas over a length of 3.5 km, including the Ruby discovery, a 1.3 km step-out from the historic Belmont Mine.
Summa continues to progress its exploration of the Hughes Property, with geological modelling underway. Targets across the project, including Murray, are being ranked and prioritized for the next round of drilling.
Summa Silver Corp. is a Canadian junior mineral exploration company. The Company’s interests include the Hughes property in central Nevada and the Mogollon property in southwestern New Mexico.
Summa Silver (SSVR) is currently up 14.29% on the TSXV over the last five days, trading at CA$0.72 per share as of 3:38 pm EST.
On the OTCQB, SSVRF is up 17.02% over the last five days to US$0.55 per share. And in European markets, Summa Silver (Frankfurt:48X) is up 5.25% on the day to EUR 0.54 per share.
For more information about Summa Silver and its properties, visit the Company’s website. To view the full version of this release, click here.
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