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I still see buyout sooner than later
For 31.0 m silver was detected at 459 g/t silver equivalent including for 2.0 m at 1,223 g/t silver equivalent where total grade thickness through all mineralization is 14,233 g/t AgEq.
Plus, a newly drilled mineralized zone at the project's Consolidated Extension target was shown to remain open to expansion in all directions.
Because of the positive results $SSVR plans to resume drilling any day now one the required wildlife surveys are completed.
https://ca.finance.yahoo.com/news/summa-silver-drills-31-m-113500352.html
they also have a fully operational second drill onsite on the Murray vein with one rig concentrating on step-out holes & the other drilling infill targets. Hoping for more exploration updates from $SSVR soon!
td, $SSVR.v @ $0.89 MC $68.38 M
td, $SSVR.v @ $0.84 MC $64.54 M
https://www.youtube.com/watch?v=TxoNAOeAlrg
This is a classic example of an exploreco hitting the jackpot.
The ride has just begun and tickets are still cheap.
td, $SSVR.v @ $0.95 MC $72.99 M
Highlights:
- Newly staked claims are approximately 4.6km NE of the Belmont Mine and 3 km NE of the Ruby Discovery.
- Property is now 5,504 acres
- Claims remain largely unexplored
- Numerous untested targets interpreted to have potential for high-grade silver-gold veins
- Second drill is now onsite and fully operational
Really excited to see some more updates from $SSVR as this increase in land is huge!
https://ca.finance.yahoo.com/news/summa-silver-significantly-expands-high-113500204.html
2. Mr Sprott said he was going to start inverting more heavily in Silver in his most recent Sprott Money interview, and true to his word, he invested heavy into Summa Silver.
3. I imagine there are some seriously strong drilling results coming as Sprott and others at that investing level get the Intel before offering that amount of dollars
4. Silver has a big growth run ahead of it for the next few years (as does gold), so this is just the beginning
I’m thankful I got in now instead of looking back in 2021 and wondered what if.
http://www.kereport.com/2022/05/17/summa-silver-exploration-update-from-the-mogollon-and-huges-silver-gold-projects/
McNamara discusses the exploration strategy of $SSVR's Mogollon Project in New Mexico and Hughes Project in Nevada, reviewing the recent drill holes at Mogollon. $SSVR's 2022 exploration goal is to drill ~50 holes and 20,000+ m at Mogollon by Q3, with a maiden resource put out in Q4.
McNamara additionally discussed the current exploration work at the Hughes Project to test the high-grade silver intercepts with the potential for a maiden resource estimate in late 2022 as well.
Check it out: https://webinars.6ix.com/6ix/Silver-The-Jack-of-All-Trades-Metal
The net proceeds are expected to be used for exploration, corporate development, and general working capital purposes; plus, the closing of the offering is expected to occur on February 10, 2022.
This news comes shortly after $SSVR provided an update on exploration activities and results at its Mogollon Property. The results showed multiple samples returning high grades which exceeded 1,000 g/t AgEq and locally exceeded 5,000 g/t AgEq. The presence of widespread high-grade silver and gold confirms Mogollon Property as a mineralized high-grade precious metal district.
$SSVR expects 2022 to be a transformative year as they push towards mineral resource estimates following the extensive drill programs they have planned.
https://finance.yahoo.com/news/summa-silver-samples-multiple-undrilled-123500672.html
https://financialpost.com/globe-newswire/summa-silver-corp-announces-upsize-of-brokered-private-placement-financing-to-10000000-led-by-investments-from-eric-sprott-and-first-majestic-silver