Summa Silver Starts Drilling on Nevada Silver Project
Rundes Icon von GOLDINVEST - Das Investor-Magazin für Rohstoff-News und Rohstoff-Aktien
Editorial Team
Rundes Icon von GOLDINVEST - Das Investor-Magazin für Rohstoff-News und Rohstoff-Aktien
Editorial Team

Aiming to Expand High-Grade Mineralization

It’s starting again! Summa Silver (TSXV SSVR / WKN A2P4EE) is returning to its Hughes silver project in Nevada, this time to explore the eastern extension of the Tonopah mining district with drilling. They are beginning at the Ruby discovery, where Summa has already identified high-grade silver mineralization.

The company, led by CEO Galen McNamara, is using a combination of reverse circulation (RC) drilling for shallower depths and diamond core drilling. The RC drill rig is already on site and has started on the first hole. Summa expects the diamond core drill to arrive shortly and advance drilling through the promising target zones.

In total, Summa Silver plans to conduct 7,000 meters of drilling between the Ruby and Sapphire discoveries, 1.3 to 4.2 kilometers east of the Tonopah mining district boundary. It’s a promising location, as the Tonopah district is historically the second-largest silver producer in Nevada – and Nevada itself is often referred to as the ‘Silver State’.

Summa Silver Hughes Project Drill Targets-GOLDINVEST
Current drilling targets on the Hughes project; Source: Summa Silver

On the Hunt for High-Grade

Summa’s drilling team is starting with a series of extension drills at the Ruby discovery, where previous programs had already uncovered high-grade silver mineralization. At that time, Summa Silver reported, among others:

– 1,450 g/t silver equivalent (8.41 g/t gold, 813 g/t silver) over 3.0 m in SUM23-59,
– 430 g/t silver equivalent (2.47 g/t gold, 243 g/t silver) over 2.0 m in SUM20-10 and
– 392 g/t silver equivalent (3.04 g/t gold, 147 g/t silver) over 3.0 m in SUM23-60.

The goal now is to significantly expand this high-grade mineralization to extend the scope of the known footprint. Accordingly, the drilling will investigate the course and continuity of mineralization from the Ruby discovery at least 600 meters to the east.

As Summa Silver’s CEO Galen McNamara explains, all targets selected for this program on the Hughes project are very promising and, in the company’s view, are among the best available targets in Nevada. Additionally, they already know that the Ruby vein system, located just 1.3 kilometers east of the Belmont Mine, and the immediately surrounding area, which together represent the eastern extension of the productive Tonopah mining district, show significant silver mineralization. Therefore, Summa will, as Mr. McNamara continues, conduct extension drilling around the zones of known mineralization to begin defining the extent of these new zones.

Newsletter

Don't miss any news and stay informed about the commodity market at all times!

Risk Notice Disclaimer

I. Information Function and Disclaimer
GOLDINVEST Consulting GmbH offers editors, agencies, and companies the opportunity to publish comments, analyses, and news on www.goldinvest.de. The content is solely for general information and does not replace individual, professional investment advice. This does not constitute financial analysis or sales offers, nor is there a call to action to buy or sell securities. Decisions made based on the published information are made entirely at your own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and the readers or users, as our information relates exclusively to the company and not to personal investment decisions.

II. Risk Disclosure
The acquisition of securities involves high risks that can lead to the total loss of invested capital. Despite careful research, GOLDINVEST Consulting GmbH and its authors assume no liability for financial losses or the content guarantee regarding timeliness, accuracy, adequacy, and completeness of the published information. Please also note our further terms of use.

III. Conflicts of Interest
In accordance with §34b WpHG and §48f Para. 5 BörseG (Austria), we point out that GOLDINVEST Consulting GmbH and its partners, clients, or employees hold shares in the above-mentioned companies. Furthermore, there is a consulting or other service contract between these companies and GOLDINVEST Consulting GmbH, and it is possible that GOLDINVEST Consulting GmbH may buy or sell shares of these companies at any time. These circumstances may lead to conflicts of interest, as the above-mentioned companies compensate GOLDINVEST Consulting GmbH for reporting.