Summa Silver Corp. (SSVR.V)

$SSVR.v reported high-grade silver and gold drill results from its Mogollon Property

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

$SSVR.v in late March acquired an additional 1,446 acres of mineral rights conterminous with the Hughes Property near Tonopah, Nevada which resulted in at least a 40% expansion to the property https://ca.finance.yahoo.com/news/summa-silver-significantly-expands-high-113500204.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

If you missed it, $SSVR announced last week that they have acquired an additional 1,446 acres of mineral rights at the Hughes Property in Nevada.

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

1. Silver breaks past $20
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.

Check out this interview of Summa Silver ($SSVR.v $SSVRF) CEO Galen McNamara from the Korelin Economics Report:
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.

Summa Silver Corp ($SSVR.v $SSVRF) recently increased the size of its private placement offering for gross proceeds of up to $10M following the participation of First Majestic Silver Corp and Eric Sprott in the offering. This represents a significant endorsement of SSVR's ongoing work and future potential at its silver projects.

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