Drill Results
Silver Hammer Identifies Strong Alteration and Silicification in Recently Completed Drill Program at Its 100% Owned Silverton Project in Nevada

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Executive Summary
- Silver Hammer Mining completed a Phase 1 test RC drill program at the 100% owned Silverton Project (Nevada), drilling 2,420 ft in six holes across the Western Silver Zone (WSZ) and Eastern Gold Zone (EGZ).
- All holes intersected zones of silicification; significant alteration intervals are detailed in Table 1. A total of 221 core samples have been submitted to ALS Laboratories for assay analysis.
- Pending positive assay results, a Phase 2 step‑out drill program is planned for early 2026.
Key Details
- Drill Program Scope: 2,420 ft total depth; six reverse‑circulation holes (four in WSZ, two in EGZ).
- Western Silver Zone (WSZ):
- Holes SLV25‑001 to SLV25‑004 intersected multiple alteration zones ranging from 3 m to >10 m width, including moderate to intense silicification and brecciation along the Silverton Fault, Basin Fault, and NW Mineralization structures.
- Eastern Gold Zone (EGZ):
- Hole SLV25‑005 showed 4.6 m of intense silicification; hole SLV25‑006 displayed 29 m of moderate‑to‑intense silicification within the main EGZ target.
- Sample Submission: 221 core samples and 5 surface rock samples sent to ALS Laboratories (ISO 17025 certified) for analysis; QA/QC program applied to ~15 % of samples.
- Historical Context: WSZ lies over historic silver production (1930s‑1950s) with reported historic grades of 300–933 g/t Ag. EGZ surface sampling previously returned Au grades up to 0.65 ppm.
- Future Plans: Contingent on favorable assay results, a Phase 2 drill program will be designed for step‑out drilling and down‑dip follow‑up of identified structures in early 2026.
- Qualified Person: Technical review approved by Damir Cukor, P.Geo., Qualified Person under NI 43‑101.
Notable Quotes
“The program, aimed to efficiently test the zones in and around the historical Silverton Mine, yielded solid runs of alteration and silicification and assays are now pending.” – Peter A. Ball, President & CEO
Materiality Assessment: Non-Material – Neutral (exploratory drilling update with results pending).
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May 11, 2026 · 09:01