Key Highlights
Assays Pending from Multiple Holes: The Company has drilled eight holes at the
Mineralization Encountered: All holes have intersected zones of quartz veins, stockworks and breccias featuring visible silver sulfide mineralization.
Well Capitalized: The Company is well capitalized for extensive drilling with approximately
Transitioning to
AgEq is calculated using
Dimensions of Mineralization
High-grade mineralization at Rescue has been intersected in several stacked structures over an area of 400 x 100 m where it remains open to expansion.
High-grade mineralization at Murray has been intersected over an area of 500 x 300 m where it remains open to expansion.
Further mineralization is present in multiple additional areas over a length of 3.5 km, including the Ruby discovery, a 1.3 km step-out from the historic
Drill Program and Models
Seven holes have been drilled at the Murray target and one hole has been drilled at the
The drill rig is currently drilling at the
Target Generation
Geological mapping, prospecting and soil geochemical sampling across recently acquired claims is ongoing. The focus for the geological mapping and prospecting is to refine the lithological and structural model for the district to better define the limits of prospective rock units and associated structural offsets and the breadth outcropping alteration zones.
The soil surveys will focus on silver and gold as well as pathfinder elements known to be associated with Tonopah-style epithermal-related, high-grade silver and gold mineralization hosted in older Mizpah Formation volcanic rocks as well as younger, gold-dominant systems hosted in overlying Siebert Formation and Fraction Volcanics. Samples are being analyzed with a portable Xray fluorescence spectrometer (pXRF) to measure elemental concentrations from prepared sample mounts in the field. Select samples will also be sent to the lab for full multi-element, low-detection geochemical analyses.
Numerous open-ended multi-element soil-geochemical anomalies were previously defined to the northeast of the
About
Contact:
Giordy Belfiore
Tel: 604-684-6730
Email: giordy@summasilver.com
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; the ongoing conflict in
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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