Summa Silver Confirms High-Grade Gold-Silver at the Kennedy Project, Nevada
Summa Silver Corp. (SSVR) has announced significant high-grade gold and silver findings from its rock sampling program at the Kennedy Project in Nevada. The program revealed impressive assay results, including 40.4 g/t Au with 232 g/t Ag and 10.9 g/t Au with 724 g/t Ag from the Gold Note target, and 2.9 g/t Au with 759 g/t Ag from the Coyote target.
The project features over 22 km of high-grade gold-silver quartz veins traced at surface, demonstrating substantial discovery potential. The company has completed six deep holes at Hughes, intersecting quartz veins, stockworks, and breccias, with assays pending. The sampling program covered two priority target areas: Gold Note and Coyote, with 23 samples collected in total.
The company is currently digitizing historical mining data and plans a comprehensive exploration program including geological mapping, rock-chip sampling, ground geophysics, and soil-geochemical surveys, followed by drilling.
Summa Silver Corp. (SSVR) ha annunciato importanti ritrovamenti di oro e argento di alta qualità grazie al suo programma di campionamento delle rocce presso il progetto Kennedy in Nevada. Il programma ha prodotto risultati notevoli, tra cui 40,4 g/t Au con 232 g/t Ag e 10,9 g/t Au con 724 g/t Ag dall’area Gold Note, e 2,9 g/t Au con 759 g/t Ag dall’obiettivo Coyote.
Il progetto comprende oltre 22 km di vene quarzifere ad alta concentrazione di oro e argento tracciate in superficie, dimostrando un potenziale di scoperta significativo. L’azienda ha completato sei perforazioni profonde a Hughes, intercettando vene quarzifere, stockwork e brecce, con analisi ancora in attesa. Il programma di campionamento ha interessato due aree prioritarie: Gold Note e Coyote, con un totale di 23 campioni raccolti.
Attualmente la società sta digitalizzando i dati storici di estrazione mineraria e prevede un programma di esplorazione completo che includerà mappatura geologica, campionamento di rocce, geofisica di superficie e indagini geo-chimiche del suolo, seguiti da perforazioni.
Summa Silver Corp. (SSVR) ha anunciado importantes hallazgos de oro y plata de alta ley a partir de su programa de muestreo de rocas en el Proyecto Kennedy en Nevada. El programa reveló resultados impresionantes, incluyendo 40,4 g/t Au con 232 g/t Ag y 10,9 g/t Au con 724 g/t Ag en el objetivo Gold Note, y 2,9 g/t Au con 759 g/t Ag en el objetivo Coyote.
El proyecto cuenta con más de 22 km de vetas de cuarzo con alta ley de oro y plata mapeadas en superficie, demostrando un potencial de descubrimiento considerable. La compañía ha completado seis perforaciones profundas en Hughes, intersectando vetas de cuarzo, stockworks y brechas, con análisis pendientes. El programa de muestreo abarcó dos áreas prioritarias: Gold Note y Coyote, con un total de 23 muestras recolectadas.
Actualmente, la empresa está digitalizando datos históricos de minería y planea un programa integral de exploración que incluirá mapeo geológico, muestreo de rocas, geofísica terrestre y estudios geoquímicos de suelos, seguido de perforaciones.
Summa Silver Corp. (SSVR)는 네바다의 케네디 프로젝트에서 암석 샘플링 프로그램을 통해 고품위 금과 은의 중요한 발견을 발표했습니다. 이 프로그램은 Gold Note 목표 지점에서 40.4 g/t Au와 232 g/t Ag, 10.9 g/t Au와 724 g/t Ag, 그리고 Coyote 목표 지점에서 2.9 g/t Au와 759 g/t Ag라는 인상적인 분석 결과를 보여주었습니다.
이 프로젝트는 지표면에서 추적된 22km 이상의 고품위 금-은 석영 광맥을 포함하고 있어 상당한 발견 가능성을 나타냅니다. 회사는 Hughes에서 6개의 심부 시추공을 완료했으며, 석영 광맥, 스톡워크, 브레시아를 관통했으며 분석 결과는 아직 대기 중입니다. 샘플링 프로그램은 Gold Note와 Coyote 두 우선 목표 지역을 대상으로 총 23개의 샘플을 수집했습니다.
현재 회사는 과거 광산 데이터를 디지털화하고 있으며, 지질 매핑, 암석 샘플링, 지상 지구물리 조사, 토양 지구화학 조사 등을 포함하는 종합 탐사 프로그램을 계획 중이며, 이후 시추 작업을 진행할 예정입니다.
Summa Silver Corp. (SSVR) a annoncé des découvertes significatives d’or et d’argent de haute teneur issues de son programme d’échantillonnage rocheux sur le projet Kennedy au Nevada. Le programme a révélé des résultats d’analyses impressionnants, notamment 40,4 g/t Au avec 232 g/t Ag et 10,9 g/t Au avec 724 g/t Ag sur la cible Gold Note, ainsi que 2,9 g/t Au avec 759 g/t Ag sur la cible Coyote.
Le projet comprend plus de 22 km de veines de quartz à haute teneur en or et argent identifiées en surface, démontrant un potentiel de découverte important. La société a réalisé six forages profonds à Hughes, traversant des veines de quartz, des stockworks et des brèches, avec des analyses en attente. Le programme d’échantillonnage a couvert deux zones prioritaires : Gold Note et Coyote, avec un total de 23 échantillons prélevés.
Actuellement, la société numérise les données minières historiques et prévoit un programme d’exploration complet comprenant cartographie géologique, échantillonnage rocheux, géophysique au sol et études géochimiques des sols, suivi de forages.
Summa Silver Corp. (SSVR) hat bedeutende hochgradige Gold- und Silberfunde aus seinem Gesteinsprobennahmeprogramm im Kennedy-Projekt in Nevada bekanntgegeben. Das Programm lieferte beeindruckende Analyseergebnisse, darunter 40,4 g/t Au mit 232 g/t Ag und 10,9 g/t Au mit 724 g/t Ag vom Gold Note Zielgebiet sowie 2,9 g/t Au mit 759 g/t Ag vom Coyote Zielgebiet.
Das Projekt umfasst über 22 km hochgradige Gold-Silber-Quarzadern, die an der Oberfläche verfolgt wurden und ein erhebliches Entdeckungspotenzial aufweisen. Das Unternehmen hat sechs tiefe Bohrlöcher bei Hughes abgeschlossen, die Quarzadern, Stockwerke und Brekzien durchteuften; die Analyseergebnisse stehen noch aus. Das Probennahmeprogramm umfasste zwei prioritäre Zielgebiete: Gold Note und Coyote, mit insgesamt 23 gesammelten Proben.
Das Unternehmen digitalisiert derzeit historische Bergbaudaten und plant ein umfassendes Explorationsprogramm mit geologischer Kartierung, Gesteinsprobenahme, bodengeophysikalischen Untersuchungen und bodengeochemischen Studien, gefolgt von Bohrungen.
- High-grade gold and silver assays confirmed with peaks of 40.4 g/t Au and 724 g/t Ag
- Extensive 22 km of high-grade gold-silver quartz veins identified at surface
- Six deep holes completed at Hughes project with multiple vein intersections
- Multiple high-grade targets identified across two priority areas
- Project remains in early exploration stage with no defined resources
- Historical mining areas largely unexplored by modern techniques
- Assay results from Hughes drilling program still pending
Samples up to 40.4 g/t Gold and 724 g/t Silver
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) (FSE: 48X) ("Summa" or the "Company"), is pleased to provide assay results from a recently completed rock sampling program at its high-grade Kennedy Project in northern Nevada (the "Kennedy Project"). Results demonstrate the strong prospectivity for high-grade gold and silver mineralization across the under-explored project.
Key Highlights
- Highlights from the sampling program include:
- 40.4 g/t Au, 232 g/t Ag from the Gold Note target
- 10.9 g/t Au, 724 g/t Ag from the Gold Note target
- 2.9 g/t Au, 759 g/t Ag from the Coyote target
- Widespread High-Grade Mineralization: High-grade gold and silver in veins and breccias identified in underexplored areas, untouched by modern systematic exploration.
- Strong Discovery Potential: Over 22 km of high-grade gold-silver quartz veins have been traced at surface, revealing a complex, district-scale system.
- Historical Data Compilation: Digitization of all available historic mining data is ongoing and will help focus future exploration programs.
- Drilling Complete at Hughes: Six deep holes tested multiple target horizons across the eastern extension of the Tonopah Mining District, all intersecting quartz veins, stockworks, and breccias. Assays are pending and will be reported when complete.
Galen McNamara, CEO of Summa Silver, stated: "These assay results underscore the exceptional high-grade potential of the Kennedy Project. With approximately 22 km of known veins exposed at surface across the project area, we're only beginning to grasp the scale of this system. The true strike length and depth of these vein systems remain largely undefined, as the district has yet to benefit from systematic modern exploration techniques. This represents a compelling opportunity to unlock significant value through targeted, data-driven efforts."
Figure 1: Map showing sample locations and assay data
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7983/249621_d2f6d006f498cb73_002full.jpg
| Sample ID | Easting | Northing | Type | Au (g/t) | Ag (g/t) | AuEq (g/t) | Zone |
| 350106 | 435309 | 4458224 | dump | 40.4 | 232 | 43.0 | Gold Note |
| 350101 | 435319 | 4458213 | dump | 10.9 | 724 | 18.9 | Gold Note |
| 350102 | 435322 | 4458215 | dump | 5.0 | 122 | 6.4 | Gold Note |
| 350113 | 435300 | 4458097 | float | 4.4 | 12.5 | 4.6 | Gold Note |
| 350103 | 435325 | 4458218 | dump | 3.8 | 10.4 | 3.9 | Gold Note |
| 350104 | 435327 | 4458219 | dump | 0.6 | 419 | 5.3 | Gold Note |
| 350116 | 435224 | 4458716 | dump | 10.9 | 35.5 | 11.3 | Coyote |
| 350121 | 434848 | 4459187 | subcrop | 5.7 | 20.8 | 5.9 | Coyote |
| 350115 | 435201 | 4458738 | subcrop | 2.9 | 103 | 4.1 | Coyote |
| 350120 | 435061 | 4458685 | float | 2.9 | 759 | 11.3 | Coyote |
| 350118 | 435062 | 4458678 | float | 1.7 | 107 | 2.9 | Coyote |
| 350117 | 435051 | 4458599 | float | 1.3 | 79.8 | 2.2 | Coyote |
| 350114 | 435120 | 4458802 | float | 0.9 | 30.8 | 1.2 | Coyote |
Table 1: Sampling result highlights
Rock Samples
A reconnaissance-style prospecting and sampling program was recently completed by Summa's exploration team on unpatented mining claims of the Kennedy Project (see February 27th, 2025 news release). The purpose of the program was to confirm the presence of high-grade gold-silver mineralization across two priority target areas; Gold Note and Coyote (Figure 1). Areas of historic surface workings (e.g., blast pits and mine dumps) as well as subcrop and float were sampled. In total, 23 samples were collected.
Gold Note: Most of the historic gold production in the Kennedy district was from the Gold Note mine. The mine was centered on a series of high-angle, broadly east-west striking quartz veins hosted in volcanic and sedimentary rocks and traced for over 350 m. Waste material from the mine has been stacked in dumps near the main Union and No. 2 adits (Figure 1). Sampling of these dumps returned grades up to 40.4 g/t Au with 232 g/t Ag and 10.9 g/t Au with 724 g/t Ag (Table 1) and average 9.3 g/t Au with 218 g/t Ag. These results agree with historic mine grades which were reportedly as high as 15.5 g/t Au with 311 g/t Ag1.
Coyote: The northwest-striking Coyote vein system is centered approximately 600 m north of the Gold Note mine. Veins and quartz-cemented breccias of the Coyote target are hosted primarily in granite and quartz-phyric rhyolite. Sampling of dump material, subcrop and float from the main Coyote target returned grades up to 10.9 g/t Au with 35.5 g/t Ag and 2.9 g/t Au with 759 g/t Ag (Table 1). Sampling 600 m along strike to the northwest returned 5.7 g/t Au with 20.8 g/t Ag (sample 350121, Table 1).
Selective sampling across the Gold Note and Coyote targets clearly demonstrate the scale and high-grade potential of vein-systems typical of the Kennedy Project.
Next Steps
The Gold Note and Coyote targets represent only two of the six defined target areas across the Kennedy Project (Figure 1). None of the targets have seen any modern exploration programs. A multidisciplinary program of geological mapping, rock-chip sampling, ground geophysics and soil-geochemical surveys followed by drilling is warranted to define the grade and lateral/vertical extent of near-surface mineralization.
The company is also currently compiling and digitizing all available historical mining, mapping and sampling data. Results from this compilation effort will be released prior to a follow-up exploration program set to commence later this year.
Analytical and Quality Assurance and Quality Control Procedures
Select samples were sent to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. Paragon meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Samples were analysed for gold via fire assay with an MS finish ("AU-FA30"), and for silver via inductively-coupled plasma, mass spectroscopy (ICP-MS) after four-acid digestion ("48MA-MS"). Samples assaying over 8 ppm Au were re-run via fire assay for Au with a gravimetric finish ("AU-GR30"). Samples that assayed over 100 ppm Ag (
Qualified Person
The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.
References
1. Klopstock, Paul (1913) The Kennedy mining district, Nevada, American Institute of Mining Engineers Bulletin, v. 77. p. 1041-1046
About Summa Silver Corp
Summa Silver Corp is a junior mineral exploration company. The Company owns a
ON BEHALF OF THE BOARD OF DIRECTORS
"Galen McNamara"
Galen McNamara, Chief Executive Officer
info@summasilver.com
www.summasilver.com
This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Summa believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Hughes and Mogollon projects, and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associated with mineral exploration and mining operations, future prices of silver and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation; dependence on key management personnel; general competition in the mining industry; and uncertainties surrounding the COVID 19 pandemic. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249621
FAQ
What are the highest gold and silver grades reported in Summa Silver's (SSVRF) Kennedy Project sampling?
How extensive is the vein system at Summa Silver's (SSVRF) Kennedy Project?
What are the next exploration steps for Summa Silver (SSVRF) at the Kennedy Project?
What were the sampling results from the Coyote target at SSVRF's Kennedy Project?
