Silver Hammer completes phase 1 drilling at Silverton

Executive Summary

• Silver Hammer Mining Corp. completed its Phase 1 test exploration drill program at its 100%-owned Silverton Project in Nye County, Nevada, consisting of 2,420 feet across six reverse circulation (RC) holes.
• The program targeted the Western Silver Zone (WSZ) and Eastern Gold Zone (EGZ), identifying strong alteration and silicification, with samples submitted to ALS Laboratories for analysis.
• Future plans include a potential Phase 2 drill program in early 2026 contingent on positive assay results from the current Phase 1 results.

Key Details

• Drilling Summary:
  • Total footage: 2,420 feet.
  • Total holes: 6 RC holes.
  • Locations: Western Silver Zone (WSZ) – 4 holes; Eastern Gold Zone (EGZ) – 2 holes.
• Western Silver Zone (WSZ) Findings:
  • Targeted the Central zone below old Silverton mine workings, an intersection of the Silverton fault and Basin fault.
  • Observed moderate to intense alteration; locally, silicification completely obliterates original rock fabric.
  • Historic surface sampling in the Central zone showed a 150-metre-wide zone of silver mineralization with samples up to 692 ppm Ag.
  • Historic production (1930s/1950s) ranged from 300 g/t Ag to 933 g/t Ag.
  • Holes SLV25-001 and SLV25-002 revealed a complete geothermal spectrum of hydrothermal alteration.
  • Hole SLV25-003 intercepted the best-looking alteration.
• Eastern Gold Zone (EGZ) Findings:
  • Targeted intensive silicic and oxide alteration.
  • Hole SLV25-005 showed intense silicification in the first 15 feet (4.6 metres).
  • Hole SLV25-006 displayed moderate to intense silicification for the top 100 feet (29 metres).
  • Past surface samples in this zone reported gold grades including 0.65 ppm, 0.45 ppm, and 0.20 ppm Au.
• Sampling and Analysis:
  • 221 drill hole cuttings samples submitted to ALS Laboratories (Reno, Nev.).
  • Selective sampling concentrated on silicified zones with widths exceeding two metres.
  • QA/QC program included ~15% insertion of certified standards, blanks, and duplicates.
  • 5 surface rock samples also submitted to ALS Laboratories following XRF analysis that tentatively identified chlorargyrite.
• Future Plans:
  • Phase 2 drill program planned for early 2026 if Phase 1 results are positive, focusing on stepout drilling and following structures down dip.

Notable Quotes

• "The company recently completed its preliminary test program at its 100-per-cent-owned Silverton project in Nevada. 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," commented Peter A. Ball, president and chief executive officer.
• "To ensure we managed capital allocated to the phase 1 program, we limited the number of holes to six to gain additional information for a potential follow-up drill program in early 2026."