The focus of Summa Silver (WKN A2P4EE / TSXV SSVR) is on the company’s silver projects in the USA. Further drilling results are expected from there in the near future. In the meantime, CEO Galen McNamara’s company is also dedicating itself to the Kennedy gold and silver project, which was only acquired at the end of February. An initial sampling program there has now confirmed widespread, high-grade gold and silver mineralization!
Summa’s team of geologists recently completed an initial prospecting and sampling program on the Kennedy project. Their main aim was to confirm the occurrence of high-grade gold and silver mineralization in two particularly promising target areas: Gold Note and Coyote. A total of 23 samples were taken mainly from areas where surface work had been carried out in the past (blast pits and dumps), as well as from subcrops and floats.
And it turns out that the Summa Silver team is apparently on the right track, as the highlights of the program are more than impressive! Among other things, Summa encountered in the samples:
– 40.4 g/t gold and 232 g/t silver in the Gold Note target area,
– 10.9 g/t gold and 724 g/t silver also from Gold Note and
– 2.9 g/t gold and 759 g/t silver in the Coyote target area
And according to the company, the high-grade mineralization is widespread on Kennedy. Among other things, they succeeded in identifying high-grade gold and silver veins and breccias in previously barely explored areas that had never before been touched by modern, systematic exploration.
Significant Discovery Potential
It’s no wonder that Summa Silver sees great potential for discovery, especially as they were able to identify more than 22 kilometers of high-grade gold and silver quartz veins at the surface. According to the company, this has succeeded in identifying a complex district-scale system!
The Summa team is now already preparing the next steps, guided in particular by historical data. The geologists continue to work on compiling and digitizing available data from historical mining to more accurately target future exploration programs.
Galen McNamara, CEO of Summa Silver, stated: “These survey results underscore the exceptionally high potential of the Kennedy project. With approximately 22 kilometers of known veins outcropping at surface throughout the project area, we are only at the beginning of grasping the extent of this system. The true strike length and depth of these vein systems are still largely unknown, as the area has not yet benefited from systematic modern exploration methods. This therefore presents a compelling opportunity to unlock substantial value through targeted, data-driven measures.”
What’s Next?
As Summa emphasizes, Gold Note and Coyote represent only two of six target areas defined on the Kennedy project – and none of these targets have yet been investigated using modern exploration methods! Given the promising results of the very first exploration activities, Summa stated that a multidisciplinary program consisting of geological mapping, rock sampling, geophysical ground surveys and geochemical soil surveys, followed by drilling, is now justified to determine the grade and lateral/vertical extent of the near-surface mineralization. Further work programs are planned to take place later this year.
Conclusion: Summa Silver is still almost at the beginning with the Kennedy project, but in our opinion, this start was already very promising – both in terms of the extent and the grades of the mineralization discovered. With further successful programs, the company should be able to confirm the potential of the Kennedy project to the market as well. We are excited to see what happens next and are now waiting for the results of the six completed drill holes on the Hughes silver project.
