Summa Silver Corp (CSE: SSVR) this morning announced high grade silver discoveries at its Hughes Property which is near Tonopah, Nevada. The drill program, which currently consists of 7,500 metres of planned drilling, has returned highlight values of 3,760 grams per tonne silver equivalent over 2.5 metres, within 596 grams per tonne silver equivalent over 18.5 metres.
The drill results released come from veins located around the Belmont Mine that is located on the property. Extensions are said to remain open in multiple directions on all areas drilled, with the results from just three drill holes released this morning.
The highlight value reported comes from what is referred to as the Rescue Veins on the property, with mineralization intersected at a depth of 347.1 metres. Additional assays from the 725 Veins and IOU Veins were reported, with highlight values over 1,182 grams per tonne silver equivalent over 2.3 metres and 1,329 grams per tonne silver equivalent over 0.2 metres being reported, respectively.
| Drill Hole | Vein | From (m) | To (m) | Length (m) | Ag (g/t) | Au (g/t) | AqEq* (g/t) |
|---|---|---|---|---|---|---|---|
| SUM20-01 | 725 | 215.8 | 218.1 | 2.3 | 805 | 3.77 | 1,182 |
| including | 725 | 215.8 | 216.6 | 0.8 | 1,870 | 5.53 | 2,423 |
| SUM20-01 | Western | 447.4 | 447.8 | 0.4 | 111 | 1.97 | 308 |
| SUM20-06 | Un-named Vein | 337.0 | 337.5 | 0.4 | 101 | 1.09 | 210 |
| SUM20-06 | Composited | 347.1 | 365.6 | 18.5 | 286 | 3.10 | 596 |
| including | Rescue #2 | 347.1 | 349.6 | 2.5 | 1,762 | 19.99 | 3,760 |
| including | Un-named Vein | 365.2 | 365.6 | 0.4 | 1,250 | 13.60 | 2,610 |
| SUM20-06 | Un-named Vein | 374.4 | 374.8 | 0.3 | 354 | 5.33 | 887 |
| SUM20-06 | Rescue #3 | 389.8 | 390.7 | 0.8 | 184 | 9.78 | 1,162 |
| SUM20-07 | Un-named Vein | 340.4 | 340.6 | 0.2 | 2,370 | 22.60 | 4,630 |
| SUM20-07 | I.O.U. | 369.1 | 369.3 | 0.2 | 625 | 7.04 | 1,329 |
| SUM20-07 | I.O.U. | 372.5 | 372.7 | 0.2 | 136 | 1.31 | 267 |
| SUM20-07 | I.O.U. | 378.6 | 378.7 | 0.2 | 106 | 1.11 | 217 |
| SUM20-07 | 913 | 469.3 | 469.6 | 0.3 | 115 | 3.31 | 446 |
| SUM20-07 | 913 | 477.3 | 477.9 | 0.5 | 186 | 1.40 | 326 |
Assays from ten additional holes are currently pending while drilling is currently ongoing on site. Two rigs are currently operational on site, with follow up holes said to be planned.
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Summa Silver last traded at $1.48 on the CSE.
Information for this briefing was found via Sedar and Summa Silver Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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