Silver Storm Mining Ltd. (“Silver Storm” or the
"Company") (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR), is
pleased to announce drill results from its Phase 2 diamond drilling
program at the Company’s 100% owned La Parrilla Silver Mine
Complex, located in Durango Mexico. Results from the 14 holes
(2,327 metres (“m”)) contained within this release are from
the Rosarios and San Carlos Zones, within the Rosarios mine.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240815092385/en/
Figure 1: Rosarios Zone Cross Section
View to North of Key Results Holes RO-24-024 to 034 &
Historical Holes (Graphic: Business Wire)
An overview video on the La Parrilla Project is available at:
www.youtube.com/watch?v=dybgKXcGrYo
Key highlights include:
Numerous high-grade intercepts were encountered within the
Rosarios Mine underneath and in proximity to previous mined stopes.
The current drill results, when combined with historical holes
drilled by First Majestic (“FM”), are expected to have a positive
impact on future Mineral Resources.
- Hole RO-24-028 returned 1,306 g/t Ag.Eq1 over 1.60 m within
a broader interval of 887 g/t Ag.Eq over 2.54 m. Hole RO-24-015
returned 1,791 g/t Ag.Eq over 0.35 m within a broader
interval of 711 g/t Ag.Eq over 1.03 m and 1,170 g/t Ag.Eq
over 0.50 m and 1,071 g/t Ag.Eq over 1.35 m within a broader
interval of 598 g/t Ag.Eq over 3.91 m.
- These high-grade intercepts are located ~
45 m to the west a previously mined stope
- Hole RO-24-032A returned 731 g/t Ag.Eq over 1.40 m and 510
g/t Ag.Eq over 0.50 m within a broader interval of 305 g/t
Ag.Eq over 5.60 m.
- Hole RO-24-034 returned 350 g/t Ag.Eq over 1.06 m, 475 g/t
Ag.Eq over 0.40 m and 617 g/t Ag.Eq over 0.42 m, 396 g/t
Ag.Eq over 0.40 m and 592 g/t Ag.Eq over 0.40 m and 1,085
g/t Ag.Eq over 0.50 m.
- These high-grade intercepts are located ~
35 m under the last stope mined in this area
- Hole RO-24-026 returned 421 g/t Ag.Eq over 1.13 m and 316
g/t Ag.Eq over 1.72 m within a broader interval of 276 g/t
Ag.Eq over 5.46 m. Historical hole LBT-11-01 intersected 523
g/t Ag.Eq over 0.60 m and 670 g/t Ag.Eq over 1.30 m. Hole
RO-24-014 returned 285 g/t Ag.Eq over 1.02 m and 431 g/t Ag.Eq
over 0.69 m. Historical hole ILP-RO-18-60 returned 1,167 g/t
Ag.Eq over 1.45 m within a broader interval of 434 g/t Ag.Eq over
6.25 m.
- This high-grade area extends
approximately 148 m below the last stope mined in this area and 128
m below Indicated and Inferred Resources identified by SRK
Three exploration holes confirm the continuity of the San Carlos
Zone, first discovered by FM in 2015 with hole ILP-14M-15-02
returning 361 g/t Ag.Eq over 1.40 m: hole RO-24-036 returned
722 g/t Ag.Eq over 0.66 m and 284 g/t Ag.Eq over 0.50
m. The mineralization from these holes is located 135 m south
of the Rosarios Zone and approximately 335 m from surface.
Greg McKenzie, President and CEO, commented: “We are
pleased with the high-grade results within Central Rosarios, now
with six intercepts exceeding 1,000 g/t Ag.Eq. It is important to
recognize this area was predicted to be blank. The results reported
today extend the high-grade mineralization up to 128 m below the
Indicated and Inferred Resources identified by SRK and we
anticipate the drilling will have a positive impact on future
Mineral Resources, both in terms of tonnage and grade.”
Rosarios Zone
The Rosarios Zone (RO) has historically been an important part
of the La Parrilla Mine Complex, characterized by a
sulphide-bearing quartz-carbonate vein hosted within a fault zone
striking 290 degrees and dipping 64 degrees to the northeast over a
known strike length of approximately 2 km. The mineralization
extends vertically for 900 m and its true width varies up to 14 m.
The vein sits roughly at the northern contact of a granodiorite
stock and sediments. Stockwork zones are developed either at the
footwall or hanging wall of the vein; vein splays and sulphide
replacement zones are typically developed in the hanging wall. The
Rosarios Zone remains open along strike and at depth. The zone has
been subdivided into the Western, Central, and Eastern Rosarios.
Phase 1 and historical drill results from the Rosarios Zone were
previously reported in the Company’s news release dated May 27,
2024. The focus of the Phase 2 drill program has been on the
Central Rosarios Zone.
Central Rosarios
Holes RO-24-024 to 034 targeted the Central Rosarios Zone with
the intent of providing a sufficient drilling density to identify
Indicated Resources, as well as further extending Inferred
Resources at depth (Figures 1, 2).
Three areas of high-grade mineralization were identified in
Central Rosarios (Table 1):
Hole RO-24-028 returned 1,306 g/t Ag.Eq over 1.60 m within a
broader interval of 887 g/t Ag.Eq over 2.54 m (89.70 to 92.24
m), approximately 35 m below and to the east of hole RO-24-016
which returned 498 g/t Ag.Eq over 0.5 m and 338 g/t Ag.Eq over
0.5 m within a broader interval of 181 g/t Ag.Eq over 3.52 m
(78.82 to 82.34 m) and 30 m above and to the west of hole RO-24-015
(reported May 27, 2024) which returned 1,791 g/t Ag.Eq over 0.35
m within a broader interval of 711 g/t Ag.Eq over 1.03 m
(75.67 to 76.70 m) and 1,170 g/t Ag.Eq over 0.50 m and 1,071 g/t
Ag.Eq over 1.35 m within a broader interval of 598 g/t Ag.Eq
over 3.91 m (106.94 to 110.85 m).
- This high-grade zone is located approximately 45 m to the west
of previously a mined stope
Hole RO-24-032A returned 731 g/t Ag.Eq over 1.40 m and 510
g/t Ag.Eq over 0.50 m within a broader interval of 305 g/t
Ag.Eq over 5.60 m (174.90 to 180.50 m). Hole RO-24-034 returned
350 g/t Ag.Eq over 1.06 m, 475 g/t Ag.Eq over 0.40 m and 617 g/t
Ag.Eq over 0.42 m within a broader interval of 234 g/t Ag.Eq
over 4.24 m (205.06 to 209.30 m), 396 g/t Ag.Eq over 0.40 m and
592 g/t Ag.Eq over 0.40 m within broader interval of 232 g/t
Ag.Eq over 2.00 m (212.42 to 214.42 m), and 1,085 g/t Ag.Eq over
0.50 m (224.23 to 224.73 m).
- This high-grade zone is located approximately 35 m beneath the
last stope mined in this area
Hole RO-24-026 returned 421 g/t Ag.Eq over 1.13 m and 316 g/t
Ag.Eq over 1.72 m within a broader interval of 276 g/t Ag.Eq
over 5.46 m (201.34 to 206.80 m). Historical hole LBT-11-01,
approximately 47 m to the east, intersected 523 g/t Ag.Eq over
0.60 m and 670 g/t Ag.Eq over 1.30 m within a broader interval
of 268 g/t Ag.Eq over 5.90 m (286.70 to 292.60 m). Hole
RO-24-014 (reported May 27, 2024) returned 285 g/t Ag.Eq over 1.02
m (132.15 to 133.17 m) and 431 g/t Ag.Eq over 0.69 m (139.88
to 140.57 m) and historical hole ILP-RO-18-60 returned 1,167 g/t
Ag.Eq over 1.45 m within a broader interval of 434 g/t Ag.Eq over
6.25 m (131.45 to 137.70 m).
- This high-grade zone extends approximately 148 m below the
last stope mined in this area and 128 m below Indicated and
Inferred Resources identified by SRK.
San Carlos Zone
The San Carlos Zone (SC) was first discovered by FM through
exploration drilling in 2015 with hole ILP-14M-15-02 returning
361 g/t Ag.Eq over 1.40 m (115.45-116.85 m) (Figure 3, Table
1). Three follow-up holes were recently drilled testing continuity
of the SC zone, with hole RO-24-036 returning 722 g/t Ag.Eq over
0.66 m (112.43 to 113.09 m) and 284 g/t Ag.Eq over 0.50
m (136.46 to 136.96 m) and hole RO-24-035 returning 156 g/t
Ag.Eq over 0.50 m (159.95 to 160.45 m). The zone intersections in
hole RO-24-035 and 036 are respectively 54 m downdip and 65 m
downdip and ENE along strike from ILP-14M-15-02. The zone in
RO-24-036 is 55 m ENE along strike from RO-24-035. The intercepts
from these three holes are located 135 m south of the Rosarios Zone
and approximately 335 m from surface, mineralization is comprised
of a sulphide-bearing quartz vein zone, striking 245-255 degrees
and dipping 88 degrees NNW, hosted within intensely propylitic
altered sediments. San Carlos may be a fault splay from the main
Rosarios Zone to the WSW into the hanging wall.
Table 1 – Select Assay Intervals from Holes RO-24-024 to
RO-24-037 and Historical Results
Zone
Hole
From
To
Length (m)
Ag.Eq(1) g/t
Ag g/t
Au g/t
Pb %
Zn %
Cu %
NEW
RO-24-024
5.13
5.63
0.50
183
66
0.09
2.46
1.61
0.03
RO
RO-24-025
71.20
72.75
1.55
215
87
0.31
1.54
2.27
0.05
RO
RO-24-025
76.65
77.05
0.40
182
68
0.04
2.19
1.87
0.03
RO
RO-24-026
190.40
190.95
0.55
184
166
0.10
0.24
0.12
0.06
RO
RO-24-026
201.34
206.80
5.46
276
145
0.18
2.20
2.13
0.03
RO
including
201.34
202.47
1.13
421
314
0.38
1.91
0.94
0.03
RO
including
204.50
206.22
1.72
316
149
0.06
3.37
2.62
0.04
NEW
RO-24-027
23.18
23.63
0.45
210
72
0.04
2.48
2.52
0.02
RO
RO-24-027
58.17
60.00
1.83
259
141
0.35
1.08
2.25
0.08
NEW
RO-24-028
74.85
75.25
0.40
204
116
0.02
3.21
0.02
0.02
RO
RO-24-028
89.70
92.24
2.54
887
646
0.23
4.82
3.45
0.27
RO
including
90.15
91.75
1.60
1,306
977
0.20
7.20
4.37
0.37
NEW
RO-24-029
73.05
73.70
0.65
345
110
0.40
4.21
3.28
0.07
NEW
RO-24-029
74.60
75.10
0.50
348
113
0.06
4.19
4.33
0.12
RO
RO-24-029
145.60
148.75
3.15
227
101
0.65
1.04
1.67
0.03
RO
including
146.10
146.60
0.50
362
79
2.21
1.39
2.47
0.04
RO
including
148.30
148.75
0.45
362
196
0.12
2.23
3.57
0.03
RO
RO-24-029
155.10
156.50
1.40
223
92
0.84
1.19
1.17
0.02
RO
including
155.50
156.00
0.50
317
142
1.60
0.82
0.90
0.01
RO
RO-24-029
157.00
157.50
0.50
175
73
0.43
0.99
1.50
0.02
NEW
RO-24-030
65.49
66.08
0.59
142
67
0.30
1.68
0.23
0.01
NEW
RO-24-030
103.60
104.09
0.49
220
65
0.01
2.37
3.31
0.06
NEW
RO-24-030
147.00
147.50
0.50
196
72
0.07
2.72
1.68
0.05
RO
RO-24-030
153.52
156.05
2.53
184
79
0.15
1.85
1.60
0.10
RO
including
155.04
156.05
1.01
256
103
0.24
2.59
2.34
0.17
RO
RO-24-030
158.49
160.15
1.66
203
124
0.09
2.26
0.41
0.13
RO
including
158.49
159.00
0.51
322
219
0.11
3.22
0.26
0.22
RO
RO-24-030
161.30
161.85
0.55
312
153
0.25
3.49
1.67
0.04
NEW
RO-24-031
64.40
65.45
1.05
266
91
0.01
2.90
3.51
0.21
NEW
including
64.40
64.80
0.40
455
210
0.02
6.54
2.48
0.52
NEW
RO-24-031
67.45
67.85
0.40
183
60
0.07
2.10
2.24
0.07
NEW
RO-24-031
95.25
96.00
0.75
212
69
0.01
2.42
2.81
0.06
RO
RO-24-031
165.80
166.22
0.42
182
66
0.13
1.89
2.02
0.08
RO
RO-24-031
169.77
170.80
1.03
162
53
0.39
1.10
1.78
0.07
NEW
RO-24-032A
93.00
94.00
1.00
197
86
0.01
2.93
1.14
0.02
RO
RO-24-032A
159.40
159.90
0.50
158
66
0.05
1.54
1.73
0.12
RO
RO-24-032A
163.80
164.80
1.00
223
56
0.11
1.39
4.48
0.01
RO
RO-24-032A
174.90
180.50
5.60
305
149
0.26
2.12
2.84
0.08
including
174.90
176.30
1.40
731
372
0.29
4.35
8.05
0.19
and
177.90
178.40
0.50
510
187
0.15
6.58
4.94
0.20
RO
RO-24-032A
189.00
189.40
0.40
170
89
0.10
1.42
1.30
0.16
RO
RO-24-034
196.45
196.96
0.51
278
163
0.01
4.08
0.17
0.03
RO
RO-24-034
202.94
203.47
0.53
280
138
0.01
4.05
1.21
0.08
RO
RO-24-034
205.06
209.30
4.24
234
106
0.07
3.08
1.50
0.04
RO
including
205.59
206.65
1.06
350
153
0.06
4.73
2.42
0.07
RO
and
207.68
208.08
0.40
475
230
0.04
6.34
2.63
0.03
RO
and
208.88
209.30
0.42
617
256
0.28
7.52
5.01
0.08
RO
RO-24-034
212.42
214.42
2.00
232
83
0.02
2.52
2.95
0.04
RO
including
212.42
212.82
0.40
396
165
0.04
4.86
3.57
0.07
RO
and
213.22
213.62
0.40
592
180
0.02
5.37
9.80
0.10
RO
RO-24-034
224.23
224.73
0.50
1,085
373
0.05
12.20
13.95
0.26
SC
RO-24-035
159.95
160.45
0.50
156
132
0.05
0.72
0.04
0.02
SC
RO-24-036
112.43
113.09
0.66
722
678
0.15
0.60
0.59
0.12
SC
RO-24-036
136.46
136.96
0.50
284
251
0.08
0.64
0.34
0.02
HISTORICAL RESULTS
SC
ILP-14M-15-02
115.45
116.85
1.40
361
249
0.05
2.83
1.19
0.01
(1)
All results in this release are rounded.
Assays are uncut and undiluted. Widths are core-lengths, not true
widths. Silver equivalent: Ag.Eq g/t was calculated using commodity
prices of US$22.50 /oz Ag, US$1,800 /oz Au, US$0.94 /lb Pb, and
US$1.35 /lb Zn applying metallurgical recoveries of 70.1% for
silver and 82.8% for gold in oxides and 79.6% for silver, 80.1% for
gold, 74.7% for lead and 58.8% for zinc in sulphides. Metal payable
used was 99.6% for silver and 95% for gold in doré produced from
oxides, and 95% for silver, gold, and lead and 85% for zinc in
concentrates produced from sulphides. Cut-off grades considered for
oxide and sulphide were, respectively 140 g/t Ag.Eq and 125 g/t
Ag.Eq and are based on 2017 costs adjusted by the inflation rate
and include sustaining costs.
Sample Analysis and QA/QC Program
Silver Storm uses a quality assurance/quality control (QA/QC)
program that monitors the chain of custody of samples and includes
the insertion of blanks, duplicates, and reference standards in
each batch of samples sent for analysis. The drill core is
photographed, logged, and cut in half, with one half retained in a
secured location for verification purposes and one half shipped for
analysis. Sample preparation (crushing and pulverizing) is
performed at ALS Geochemistry, an independent ISO 9001:2001
certified laboratory, in Zacatecas, Mexico and pulps are sent to
ALS Geochemistry in Vancouver, Canada for analysis. The entire
sample is crushed to 70% passing -2 mm, and a riffle split of 250
grams is taken and pulverized to better than 85% passing 75
microns. Samples are analyzed for gold using a standard fire assay
with Atomic Absorption Spectrometry (AAS) (Au-AA23) from a 30-gram
pulp. Gold assays greater than 10 g/t are re-analyzed on a 30-gram
pulp by fire assay with a gravimetric finish (Au-GRA21). Samples
are also analyzed using a 34 element inductively coupled plasma
(ICP) method with atomic emission spectroscopy (AES) on a pulp
digested by four acids (ME-ICP61). Overlimit sample values for
silver (>100 g/t), lead (>1%), zinc (>1%), and copper
(>1%) are re-assayed using a four-acid digestion overlimit
method with ICP-AES (ME-OG62). For silver values greater than 1,500
g/t, samples are re-assayed using a fire assay with gravimetric
finish on a 30-gram pulp (Ag-GRA21). Samples with lead values over
20% are re-assayed using volumetric titration with EDTA on a 1-gram
pulp (Pb-VOL70). No QA/QC issues were noted with the results
reported herein.
Review by Qualified Person and QA/QC
The scientific and technical information in this document has
been reviewed and approved by Bruce Robbins, P.Geo., a Qualified
Person as defined by National Instrument 43-101.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects
located in Durango, Mexico. In August 2023 Silver Storm completed
the acquisition of 100% of the La Parrilla Silver Mine Complex, a
prolific operation which is comprised of a 2,000 tpd mill as well
as five underground mines and an open pit that collectively
produced 34.3 million silver-equivalent ounces between 2005 and
2019. The Company also holds a 100% interest in the San Diego
Project, which is among the largest undeveloped silver assets in
Mexico. For more information regarding the Company and its
projects, please visit our website at www.silverstorm.ca.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements:
Certain statements in this news release are forward-looking and
involve a number of risks and uncertainties. Such forward-looking
statements are within the meaning of the phrase ‘forward-looking
information’ in the Canadian Securities Administrators’ National
Instrument 51-102 – Continuous Disclosure Obligations.
Forward-looking statements are not comprised of historical facts.
Forward-looking statements include estimates and statements that
describe the Company’s future plans, objectives or goals, including
words to the effect that the Company or management and Qualified
Persons (in the case of technical and scientific information)
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward-looking information in this
news release includes, but is not limited to, the future
exploration performance at La Parrilla, the timing and extent of
current and future drill programs, the ability to increase Mineral
Resources therein, and the ability to eventually place the La
Parrilla Complex back into production.
In making the forward-looking statements included in this news
release, the Company and Qualified Persons (in the case of
technical and scientific information) have applied several material
assumptions, including that the Company´s financial condition and
development plans do not change because of unforeseen events, that
future metal prices and the demand and market outlook for metals
will remain stable or improve, management’s ability to execute its
business strategy and no unexpected or adverse regulatory changes
with respect to La Parrilla. Forward-looking statements and
information are subject to various known and unknown risks and
uncertainties, many of which are beyond the ability of the Company
to control or predict, that may cause the Company’s actual results,
performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on
assumptions about such risks, uncertainties and other factors set
out herein, including, but not limited to, there being no assurance
that the Company’s current and future exploration programs will
grow the Mineral Resource base or upgrade Mineral Resource
confidence, the risk that the assumptions referred to above prove
not to be valid or reliable, the risk that the Company is unable to
achieve its goal of placing La Parrilla back into production;
market conditions and volatility and global economic conditions
including increased volatility and potentially negative capital
raising conditions resulting from the continued or escalation of
the COVID-19 pandemic, risk of delay and/or cessation in planned
work or changes in the Company’s financial condition and
development plans; risks associated with the interpretation of data
(including in respect of third party mineralized material)
regarding the geology, grade and continuity of mineral deposits,
the uncertainty of the geology, grade and continuity of mineral
deposits and the risk of unexpected variations in Mineral
Resources, grade and/or recovery rates; risks related to gold,
silver and other commodity price fluctuations; employee relations;
relationships with and claims by local communities and indigenous
populations; availability and increasing costs associated with
mining inputs and labour, the speculative nature of mineral
exploration and development, including the risks of obtaining
necessary licenses and permits and the presence of laws and
regulations that may impose restrictions on mining, including the
Mexican mining reforms; risks relating to environmental regulation
and liability; the possibility that results will not be consistent
with the Company’s expectations.
Such forward-looking information represents managements and
Qualified Persons (in the case of technical and scientific
information) best judgment based on information currently
available. No forward-looking statement can be guaranteed, and
actual future results may vary materially. Accordingly, readers are
advised not to place undue reliance on forward-looking statements
or information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240815092385/en/
Greg McKenzie, President & CEO Ph: +1 (416) 504-2024
greg.mckenzie@silverstorm.ca
iShares Silver Bullion ETF (TSX:SVR)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
iShares Silver Bullion ETF (TSX:SVR)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
