Silver Hammer Discovers High-Grade Silver Below Historical Workings at Its 100% Wholly Owned Silverton Silver Mine Property, Nevada
“High‑grade silver intercepts revive hopes for a multi‑million ounce resource at Silverton”
Silver Hammer announced assay results from its Phase 1 drill program at the 100% owned Silverton Silver Mine in Nevada. Six holes (738 m total) intersected:
- Up to 361 g/t Ag over 1.5 m (true width ~50‑90 %) and 0.050 ppm Au.
- Multiple other intervals ranging from 52 g/t to 163 g/t Ag, many with accompanying gold (up to 0.65 ppm).
- Surface grab samples returned as high as 581 g/t Ag.
The technical team, led by Qualified Person Damir Cukor (NI 43‑101), interprets the results as evidence of a potential deep “chimney and manto CRD‑type” silver mineralization system beneath historic workings. The company plans further drilling to test depth extensions and define a resource.
- New information: These are the first publicly released assay grades for Phase 1 at Silverton, moving the project from “drilling underway” to “high‑grade intercepts confirmed.”
- Market expectation vs. reality: Prior updates only hinted at historic high‑grade zones (up to 933 g/t Ag) but no hard data existed. The disclosed grades (361 g/t Ag over a meaningful width) exceed typical expectations for early‑stage Nevada silver projects and suggest a sizable, potentially economic deposit.
- Magnitude: While the intercepts are still limited in scale (single hole), the grade level is material enough to shift the valuation narrative from speculative to near‑resource status, especially given current silver prices (~$25 USD/oz).
- Risk considerations: True widths are estimated; only six holes were drilled. The project remains at exploration stage with no proven reserve. Nonetheless, the data materially de‑risk the Silverton target and justify continued capital allocation.
Conclusion: The news is a Material – Positive event because it delivers unexpected high‑grade assay results that could substantially improve the company’s resource potential and market perception.
Silver Hammer Mining Corp. is a Canadian‑listed junior focused on high‑grade silver (and ancillary gold) projects in Nevada and Idaho. Its flagship is the Silverton Silver Mine (Nevada), a historic underground operation with known high‑grade zones. The company also holds the Eliza, California Patent, Silver Strand, Fahey Group, and Silver Strand projects, all 100% owned.