Potential Gold Target of 1 Million Ounces
Such opportunities are rare, and when they arise, one must seize them. Summa Silver (TSXV SSVR / WKN A2P4EE) has done just that! The Canadian silver company has secured the Kennedy Project in Pershing County, Nevada, by staking claims (equivalent to minimal costs). And this, according to Summa Silver, could potentially represent a near-surface gold target of 1 million ounces!
According to the company, the Kennedy Project consists of 99 claims covering approximately 809 hectares. Summa Silver now holds 100% of the property, which is also free of any royalties.
Historic Mining District with High-Grade Gold Production
The project is particularly interesting as it spans a large part of the historic Kennedy mining district in north-central Nevada. Between 1891 and World War II, small amounts of gold were intermittently mined from high-grade veins. At that time, the focus was on near-surface oxide mineralization, which, according to historical reports, yielded grades of 15 g/t gold and 311 g/t silver. However, deeper secondary and sulfide mineralization has reportedly not yet been mined…
This presents significant potential for Summa Silver, as veins with a total length of about 22 kilometers (!) have been traced on the Kennedy Project so far. And these have not yet been investigated using modern exploration methods. Summa Silver has now secured the project because it was available through cost-effective claim staking and, in the company’s belief, has the potential for a 1 million ounce gold target in the mining state of Nevada.
As CEO Galen McNamara explains: “It’s not often that a largely unexplored, high-grade historical mining area in Nevada becomes available for staking. As many explorers in the state know, several significant discoveries in Nevada have been made by re-evaluating historical mining areas like this one. While we will continue to focus on the Hughes and Mogollon projects, we look forward to bringing the Kennedy Project to a drill-ready state in the coming months.”
Focus Remains on Silver Projects
Summa has already taken the first steps and conducted a brief survey and sampling program. However, the results of this are still pending. Now, they plan to follow up with a multidisciplinary exploration program that will include geological mapping, geochemical soil sampling, and geophysical IP surveys. Based on this data, Summa will then select the most promising targets for initial drilling, which is planned for early 2026.
The company emphasizes that while the Kennedy Project represents a promising opportunity, the focus will remain on the Hughes and Mogollon silver projects. The company had recently presented high-grade resource estimates for these (We reported.).
On the Hughes Project, the drills are already turning again to further expand the previously proven deposits, and Summa Silver is obviously making good progress. As recently announced, all completed drill holes encountered zones of quartz veins, stockworks, and breccias in aggressive expansion drilling in the Ruby Zone. Now, everyone is eagerly awaiting the next drilling results.
