Summa Silver Plans Drilling at the High-Grade Mogollon Silver-Gold Project, New Mexico

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Overig advies 21/11/2023 06:27
High Priority Targets Below and Along Strike from Proven Mineralized Zones

Vancouver, November 20th, 2023 – Summa Silver Corp. (“Summa” or the “Company”) (TSXV:SSVR) (OTCQX: SSVRF) (Frankfurt:48X) is pleased to announce plans for a winter drill program at its Mogollon Project near Silver City, New Mexico (the “Mogollon Project”). The program is scheduled to begin before the end of November and will consist of 1,500 to 2,000 meters of core drilling across three new targets along the Queen vein.

Key Highlights
High-Potential Targets: Drill holes have been designed to test targets immediately below and along strike from zones of known high-grade mineralization (see attached figures).

Surgical Approach to Continued Discovery: The targets are the result of extensive data compilation efforts which have evolved over several years and are designed to maximize ounce-in-the-ground discovery efficiency.

Size and Scale on the Queen Vein: All holes will represent significant step outs along a strike length of nearly 2 km on the Queen vein.

Drilling Highlights from the Queen Vein So Far?:
MOG22-05: 448 g/t AgEq* over 31 m (129 g/t Ag, 3.88 g/t Au)?
MOG22-10: 640 g/t AgEq* over 9.9 m (306 g/t Ag, 4.26 g/t Au)?
MOG22-16: 433 g/t AgEq* over 23.2 m (134 g/t Ag, 3.66 g/t Au)?
Expanded Exploration Permit In-Hand: To accommodate additional drilling platforms, the Company has been granted an amendment to the current Part 3 Minimal Impact Exploration Permit by the state permitting agency.
?Previously released; see the Company’s press releases dated May 3, 2022, February 1, 2023, and April 20, 2023, respectively.

*Silver equivalent is calculated using US$20/oz Ag, US$1,800/oz Au with metallurgical recoveries of Ag – 90%, Au – 95%. AgEq = (Ag grade x Ag recovery)+((Au grade x Au recovery) x (Au price / Ag price)).

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