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Summa Silver Corp. is a junior mineral exploration company with a focus on high-grade silver and gold mineralization projects in the United States. The company owns the Hughes Project in Nevada and the Mogollon Project in New Mexico. The Mogollon Project, one of the largest historic silver producers in New Mexico, shows great promise with recent drill results indicating extensive mineralization along the Queen vein. With high-grade intersections like 1,133 g/t Silver Equivalent over 1.65 meters at the Eberle Mine and 393 g/t Silver Equivalent over 7.4 meters at the South Queen target, Summa Silver is poised for further exploration and growth.
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Summa Silver Corp. (SSVRF) reports high-grade silver-gold mineralization at Mogollon Project in New Mexico. The first drill hole intersected 393 g/t Silver Equivalent over 7.4 m, supporting the prospectivity of the Queen Vein. Assay results indicate significant mineralization between two historic producers, Deadwood and Eberle mines. The Company's systematic drilling approach aims to define the lateral and vertical extent of vein-hosted mineralization for further exploration. The New Mexico Mining Commission affirmed the Company's exploration permit, emphasizing minimal impact on the environment. CEO Galen McNamara expresses optimism for unlocking value in the overlooked historic mining district.
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Summa Silver Corp. reports results from a geological mapping and soil geochemical survey at its high-grade silver-gold Mogollon Project, New Mexico. Key highlights include coverage across the Mogollon vein field, discovery potential, robust anomalies, and approach to discovery. The company remains fully funded for its current drill program with ~$5 million in working capital.
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Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) (FSE: 48X) has announced the discovery of a new high-grade vein zone in final assay results from the Hughes Project in Nevada. The Company has commenced its drill program at the Mogollon Project in New Mexico, planning approximately 2,000 meters of drilling across three new targets along the Queen Vein. The Hughes Project discovery highlights include 392 g/t AgEq* over 3.0 m in a newly discovered vein-zone and three new discoveries in 2023 between 1.5 km and 4.7 km along strike from the historic Tonopah mining district. The Mogollon Project drill program highlights high potential targets and significant step outs along a strike length of nearly 2 km on the Queen vein.
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Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) (FSE: 48X) announces a winter drill program at the Mogollon Project near Silver City, New Mexico. The program will consist of 1,500 to 2,000 meters of core drilling across three new targets along the Queen vein. The targets are designed to test high-grade mineralization zones and represent significant step outs along a 2 km strike length. The company has also been granted an amendment to the current Part 3 Minimal Impact Exploration Permit. The CEO, Galen McNamara, expresses excitement for the upcoming exploration drilling, highlighting the precision in selecting the targets to test the scale of high-grade silver and gold mineralization present in the Queen vein.
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Summa Silver Corp. completes option payments to Allegiant Gold Ltd. for Mogollon Project
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Summa Silver Corp. announces high-grade silver and gold zones in the historic Belmont Mine, presenting compelling drill targets. Significant mineralization still exists in the mine, with un-mined zones and potential extensions. Multiple zones remain open for expansion. Ongoing data compilation highlights new drill targets.
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Summa Silver Corp. announces high-grade mineralization at Mogollon Project in New Mexico. Targets along Queen Vein reveal grades up to 5,173 g/t silver equivalent. Fall drill program preparations underway. Company remains well financed with $7.5M in working capital.
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Summa Silver Corp. reports strong silver and gold recovery results from its Hughes Project in Nevada. Silver recoveries average 90% and gold recoveries average 97%. High-grade concentrates were produced with grades of 6,954 g/t silver and 58.5 g/t gold from Belmont and 1,486 g/t silver and 12.6 g/t gold from Murray. The test work also showed that gravity separation improved recoveries for silver and gold significantly. The Company is continuing drilling at the Ruby Discovery and preparing for a fall drill program at Mogollon.
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Summa Silver Corp. has discovered multiple new high-grade silver-gold-copper zones at the Mogollon Project in New Mexico. Surface sampling returned assays of up to 8,475 g/t silver equivalent. The project has significant additional discovery potential with over 75 km of cumulative vein and structure length. A fall drill program is planned for further exploration.
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FAQ
What is the current stock price of SUMMA SILVER (SSVRF)?
The current stock price of SUMMA SILVER (SSVRF) is $0.24 as of January 22, 2025.
What is the market cap of SUMMA SILVER (SSVRF)?
The market cap of SUMMA SILVER (SSVRF) is approximately 24.3M.
What projects does Summa Silver Corp. focus on?
Summa Silver Corp. focuses on the Hughes Project in Nevada and the Mogollon Project in New Mexico, both known for their high-grade silver and gold mineralization.
What are the recent drill results at the Mogollon Project?
Recent drill results at the Mogollon Project include high-grade intersections like 1,133 g/t Silver Equivalent over 1.65 meters at the Eberle Mine and 393 g/t Silver Equivalent over 7.4 meters at the South Queen target.
Why is the Mogollon Project significant?
The Mogollon Project is one of the largest historic silver producers in New Mexico, showing extensive mineralization along the Queen vein and demonstrating great promise for further exploration and growth.
SUMMA SILVER CORP
OTC:SSVRF
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24.28M
47.81M
30.84%
4.73%
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