Summa Silver (TSXV:SSVR) (OTCQB:SSVRF) (Frankfurt:48X) Expands Hughes Property in Nevada via Claim Staking
- Summa Silver has added another 1,446 acres of land to the Hughes Property
- The property now covers over 5,000 acres of land in the prolific Tonopah District
- These newly staked claims remain largely unexplored due to the presence of post-mineralization cover rocks
- A second drill is now onsite and is fully operational
- Shares in Summa Silver (SSVR) are down 0.75% on the TSXV, trading at CA$1.32 per share
Summa Silver has acquired an additional 1,446 acres of mineral rights contiguous with the Hughes Property near Tonopah, Nevada.
The newly staked claims are located approximately 4.6 kilometres northeast of the Belmond Mine and 3 kilometres northeast of the Ruby Discovery.
The Hughes Property now covers over 5,000 acres of land in the prolific Tonopah District, where the Company is currently undertaking a resource delineation drill program at its priority targets.
“The acquisition of this new group of claims continues to solidify our land position in this classic American mining district,” remarket Summa’s CEO Galen McNamara. “We believe strongly that the potential for new discoveries immediately surrounding the Tonopah area remains high, and we plan to aggressively pursue our targets soon.”
These new claims were strategically acquired to cover key areas of previously reported IP and geochemical anomalies, and remain largely unexplored due to the presence of post-mineralization cover rocks.
A second drill is now onsite and is fully operational. The focus of the resource-delineation drill program is first on the Murray vein with one rig concentrating on step-out holes and the other drilling infill targets.
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 down 0.75% on the TSXV, trading at CA$1.32 per share as of xx pm EST.
On the OTCQB, SSVRF is down 1.87% to US$1.05 per share. And in European markets, Summa Silver (Frankfurt:48X) is trading at EUR 0.92 per share.
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