Summa Silver (TSXV:SSVR) (OTCQB:SSVRF) (Frankfurt:48X) Announces Initial Drill Results from the Queen Vein at Mogollon
- Summa Silver has received drill results from the first set of holes at Mogollon
- Highlights include 450 g/t silver equivalent over 11.6 metres, including 0.9 metres of 1,940 g/t silver equivalent
- The Company has paused drilling to complete a survey of the Mexican Spotted Owl, and expects to resume exploration in approximately 90 days
- Drilling also commenced at the Hughes Property, focusing on step-out and definition drilling at its priority targets
- Shares in Summa Silver (SSVR) are up 0.78% on the TSXV, trading at CA$1.29 per share
The Company previously announced that it had encountered visible mineralization in the first six holes of the program in the Queen Vein at the past producing Consolidated Mine. Results from four of the holes (MOG21-01 to MOG22-04) have been received so far.
Highlights from the initial drill results include grades as high as 450 g/t silver equivalent over 11.6 metres, including 0.9 metres of 1,940 g/t silver equivalent in MOG22-04.
“I’d like to emphasize that these are only the first few holes ever drilled by Summa at Mogollon,” said Summa CEO Galen McNamara. “With over 34 km of identified strike potential, these assays truly prove that Mogollon is as exciting as our Hughes project in Nevada.”
Assay results from holes MOG22-05 and MOG22-06 remain pending and are expected in the next 30 to 60 days.
Hughes Property Update
As previously announced, drilling has also commenced at the Company’s Hughes Property in Tonopah, Nevada, focusing on step-out and definition drilling at its priority targets. Drilling will first focus on the Murray vein on the western side of the Hughes Property, said the Company in its press release.
The Company has also received assay results from the final two holes drilled at Hughes in late 2021.
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 0.78% on the TSXV, trading at CA$1.29 per share as of 4:00 pm EST.
On the OTCQB, SSVRF is up 1.0% to US$1.01 per share. And in European markets, Summa Silver (Frankfurt:48X) is up 0.58% on the day to EUR 0.88 per share.
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