New program follows best RC gold drilling to date

Strong start to the new year for Silver Storm Mining (TSXV SVRS / WKN A3EWAU)! The company, which is working to bring the La Parrilla mine an mill complex in Mexico back into production, is reporting drill results from there of well over 2,000 g/t silver equivalent in some cases!

Silver Storm had initiated a drill program on the property acquired from First Majestic Silver in 2023 to demonstrate that there is sufficient silver ore present to justify restarting mining operations – and so far all results presented indicate exactly that.

Important mining zone delivers high grades

As Silver Storm has now announced, drill hole Q-23-020 hit the C460 mineralization zone in the Quebradillas mine as planned and drilled 1,810 g/t silver equivalent over a strong width of 14.62 metres! This included 9.57 meters of 2,466 g/t silver equivalent and 4 meters of 682 g/t silver equivalent.

Importantly, as has been the case with most results to date, this strong intercept of mineralization was discovered close to the last mining conducted in the area, where similar high-grade mineralization was present in the past. In the current case, mineralization was discovered only 15 metres from the last mining operation, where historical trench sampling had returned 974 g/t silver equivalent over a strike length of 23 metres.

In addition, Silver Storm drilled 266 g/t silver equivalent over 6.03 meters, including 496 g/t silver equivalent over 1.67 meters and 354 g/t silver equivalent over 0.60 meters in hole Q-23-017 in the Quebradillas zone. Hole Q-23-019, also drilled into the Quebradillas zone, returned good values, too, with 523 g/t silver equivalent over 1.22 meters.

Conclusion: C460 was the largest mining zone in the Quebradillas mine at the time when La Parrilla was still operated by First Majestic. With the drilling results now reported, Silver Storm Mining has been able to extend C460 to the south at depth. Only limited drilling had been carried out there in the past. As Silver Storm CEO Greg McKenzie explains, the mineralization in this area is higher grade and thicker than in the immediately overlying workings that have been exploited in the past. The significantly higher grades are a welcome surprise for Silver Storm Mining and the company intends to drill additional holes in this area this year. In any case, the new year for Silver Storm has got off to a good start.

Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the opportunity to publish comments, analyses and news on http://www.goldinvest.de. This content is intended solely for the information of readers and does not represent any kind of call to action; neither explicitly nor implicitly are they to be understood as a guarantee of any price developments. Furthermore, it is in no way a substitute for individual expert investment advice and does not constitute an offer to sell the share(s) in question or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and its readers or the users of its offers, as our information relates only to the company mentioned and not to the reader’s investment decision.

The acquisition of securities involves high risks that can lead to the total loss of the capital invested, particularly in the case of small-cap companies with a narrow market, which are frequently reported on Goldinvest.de. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, but any liability for financial losses or the guarantee of the topicality, correctness, appropriateness and completeness of the content of the articles offered here is expressly excluded. Please also note our terms of use.

According to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares of Silver Storm Mining and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time, which may influence the company’s share price. In addition, there is a contractual relationship between Silver Storm Mining and GOLDINVEST Consulting GmbH, which involves GOLDINVEST Consulting GmbH reporting on Silver Storm Mining. This is another clear conflict of interest.

Latest News

Latest Videos