Silver Hammer Mining Corp. Commences Phase I Drilling at the Silver Strand Mine in Idaho

Rhea-AI Summary

Silver Hammer Mining Corp. (CSE: HAMR / OTC: HAMRF) has commenced Phase I drilling at the Silver Strand Mine in Idaho. This phase includes both underground and shallow surface drilling to assess the vein structure and support future exploration. The drilling aims to gather key data on the veins' depth and lateral expansions, assisting in resource estimation. The project's expedited permissions and innovative drilling methods aim to optimize return on investment. Early drilling has already confirmed the presence of a vein, enhancing exploratory prospects for Silver Hammer.

Positive

• Phase I drilling initiated at Silver Strand Mine, targeting unexplored depth just below previous production.
• Drilling aims to provide critical data for vein modeling and resource estimation.
• Use of innovative, environmentally friendly drilling techniques expedited permissions.
• Initial drill results confirmed vein presence, indicating potential for further mineralization.

Negative

• None.

VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Silver Hammer Mining Corp. (CSE: HAMR / OTC: HAMRF) (“Silver Hammer” or the “Company”) is pleased to report that Phase I drilling has commenced at the Silver Strand Mine in Idaho.

Phase I drilling will include both underground drilling and select shallow surface drilling. Past production ceased at just 90 metres depth and this first phase of underground drilling will test immediately below what was historically mined at Silver Strand (see Figure 1.) while surface drilling will test for lateral vein extensions along strike and will step out to test surrounding targets.

Results from Phase I drilling are expected to provide valuable information regarding the plunge, depth, lateral expansion, and dip of the veins, to support the Company’s modelling and future phases of drilling. This information will also help the Company to set expectations for timing of an initial resource.

“By working closely with a local drilling company and the local forest service with a plan to use an innovative and environmentally friendly drilling method for limited surface drilling in addition to utilizing the existing infrastructure for underground drilling, we were able to obtain drilling permissions in an expedited time frame,” stated President Morgan Lekstrom. “The recently completed underground rehabilitation will enable us to achieve a better return on investment per metre drilled by targeting depth extensions from a drilling bay at 90 metres depth by allowing the drill bit to bypass significant overburden. We are also very excited to report that drilling at Silver Strand has already hit the vein and mafic dyke (magnetic portions of the rock) where we expected, but has also hit another vein on the opposite side of the mafic dyke.”

Figure 1. Silver Strand Underground drill program in dark blue
https://www.globenewswire.com/NewsRoom/AttachmentNg/59b21348-7e8b-4eb0-bf83-c01a0945d4b4

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company has commenced an initial drill program at Silver Strand that will test for silver and gold mineralization immediately below the mine’s lowest level extending only 90 metres below surface. Silver Hammer strives to become a multi-mine silver producer and will focus on near-term exploration and drilling plans at the Company’s Idaho and Nevada silver-gold assets.

*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

On Behalf of the Board of Silver Hammer Mining Corp.

Morgan Lekstrom, President

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For more information, contact:

Kristina Pillon, Corporate Communications
Phone: 604.908.1695
Email: investors@silverhammermining.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

 

FAQ

What recent developments occurred at Silver Hammer Mining Corp. regarding HAMRF?

Silver Hammer Mining Corp. has started Phase I drilling at the Silver Strand Mine in Idaho, targeting areas below previous production levels.

What is the significance of the Phase I drilling at Silver Strand Mine for HAMRF investors?

Phase I drilling aims to improve understanding of the vein structure, which is crucial for future resource estimation and potential mining operations.

When did Silver Hammer Mining Corp. begin its drilling program at Silver Strand Mine?

The drilling program commenced on October 14, 2021.

What innovative methods is Silver Hammer using for drilling at Silver Strand Mine?

The company is employing environmentally friendly drilling methods to facilitate both underground and surface drilling.

What are the expected outcomes from the Phase I drilling at Silver Strand?

Expected outcomes include detailed information on the depth, plunge, and lateral extension of the veins, supporting future resource modeling.