Key Highlights
Five More Holes Intersect the Queen Vein: All six holes drilled so far have intersected 17-50 m zones of intermittent quartz-carbonate veining and brecciation with local concentrations of silver-bearing sulfides (see attached figures).
Core Photos: A complete set of photos of the Queen Vein intersections from holes MOG21-02 to MOG22-06 can be viewed here in addition to photos previously released from MOG21-01.
Aggressive Drill Plan Unfolding: Two rigs are currently drilling at the Consolidated Extension target where the Company anticipates that a minimum of 25,000 m of drilling in 50 holes is necessary for a spacing of approximately 50 m between holes covering an area of approximately 500 x 300 m.
Work Just Beginning: This first target represents only 1.5% of the total vein and structure strike length present on the property.
Drilling Imminent at the Hughes Property: Two additional diamond drill rigs are currently mobilizing to
Mogollon Drill program
The focus of the ongoing drill program is testing un-mined extensions of the
Holes MOG21-02, 03, 04 and 06 targeted the extension of structurally-controlled, vein-hosted mineralization south of the historic Consolidated stopes whereas hole MOG21-05 tested the extension of mineralization north of the stopes.
Broad zones (up to 50 meters) of epithermal-related alteration, veining, brecciation and mineralization, cored by the Queen Vein, was intersected in all holes. Hole MOG21-03 was terminated in mineralization due to the intersection of historic workings after unexpected and strong deviation of the hole during drilling. The hanging wall to the Queen Vein consists of silicified and brecciated andesite and rhyolite cut by zones of colloform-banded chalcedonic quartz veins increasing in frequency with depth towards to the Queen Vein. The Queen Vein is highly-complex with evidence for multiple epithermal-related fluid events that formed calcite + quartz veins, quartz-rich breccias with bladed quartz, colloform banding and local silver-bearing sulfides. The footwall to the Queen Vein consists of intensely silicified and brecciated andesite with locally abundant silver-bearing sulfides as disseminations and banded within chalcedony-rich veins.
Lithological and structural data from these holes and subsequent holes are also being incorporated into the geological model to help target high-grade zones along the vein system.
Drill core from holes MOG21-01 to MOG22-04 have been sampled and dispatched to Paragon Geochemical in
About
Contact:
BC,
Chief Executive Officer
E: info@summasilver.com
WEB: www.summasilver.com
INVESTOR
Giordy Belfiore
T: 604-684-6730
E: SSVR@kincommunications.com
Neither the
Cautionary note regarding forward-looking statements
This news release contains certain 'forward looking statements' and certain 'forward-looking information' as defined under applicable Canadian and
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.
The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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