SUMMA SILVER CORP (CSE:SSVR | OTC:SSVRF | FRA:48X)
Read our exclusive report to discover why now is the perfect time for Summa Silver Corp to drill its high-priority targets
Under the plains of Nevada a rich history of silver mining is just waiting to be revived.
For 100 years this was known as The Silver State.
Gold mining came to prominence in the late 20th Century, but the high-grade silver story is set to roar back.
There’s a significant early-mover opportunity right now for investors who back the right project.
All you need to pick is a company with a world-class team of geologists, historical high-grade silver of 1,000g/t or more, and a fully-funded multi-million-dollar drilling programme.
And an edge.
That’s precisely what Summa Silver Corp (CSE:SSVR, OTC:SSVRF, FRA:48X) has at its fingertips.
The Vancouver-based gold and silver explorer is using unique 3D modelling to map forgotten underground mining districts that put Nevada on the map.
It has already found something very special.
Grades in excess of 1,200g/t lie beneath its Belmont Mine, in the famous Tonopah district in the east of the state.
Long-abandoned projects like this were thought finished, unprofitable, no longer worthy of capital investment. But that was back in the last century.
Incredibly Summa (CSE:SSVR, OTC:SSVRF, FRA:48X) has put together the first serious 3D mapping of this historic silver district.
It’s opened up a whole new world of potential.
The prospects for new discoveries is encouragingly high.
Many previously mined veins in Belmont remain open. A little to the east, at the Ruby Target, drilling in 1989 intersected roughly 1m of 1,500g/t silver mineralization that was never followed up.
Historically the entire Tonopah district was mined over a 4km strike length. A further 5km remains almost completely unexplored.
“THE REALLY INTERESTING THING ABOUT A LOT OF THESE PLACES IS THAT THE OLD TIMERS NEVER REALLY DID ANY SERIOUS EXPLORATION. THEY WOULD JUST MINE ALONG THE VEINS AND WHEN THE VEINS OPENED UP, THEY WOULD OPEN STOPES AND GET THE CLOSEST GOLD AND SILVER OUT. THE WHOLE PROPERTY, ESPECIALLY AROUND THE MINE, HAS JUST NOT BEEN DRILLED. IT’S NEVER BEEN EXPLORED. THIS IS THE FIRST MODERN SHAPE THAT BELMONT IS GETTING.”
— GALEN MCNAMARA: CEO, SUMMA SILVER
Tonopah is one of the most prominent silver-gold districts in American lore, having produced 174Moz of silver and 1.8Moz of gold between 1900 and 1950.
While elsewhere in the world some junior miners have built 100 million ounce resources from older properties in Chile, Argentina and Mexico, but this has so far not happened so much in the United States.
This is surprising when you consider the typical cash costs of producing at old mining sites, which have tended to be well below market spot prices for quite a long period of time.
The $600m market cap Endeavour Silver Corp (TSX: EDR, NYSE: EXK) for example has consolidated cash costs of $12-$13 per ounce of silver mined at its Mexico properties.
With silver now trading consistently at and above $27 an ounce, if a company can identify the right type of project the potential can quickly become off the scale.
With silver increasingly providing much better profit margins than gold, the timing is perfect to drill the style of high-grade targets Summa (CSE:SSVR, OTC:SSVRF, FRA:48X) is going for now.
EXCLUSIVE REPORT DOWNLOAD – FULLY-FUNDED FOR AN AGGRESSIVE DRILL CAMPAIGN, SUMMA SILVER CORP’S (CSE:SSVR, OTC:SSVRF, FRA:48X) HOT PURSUIT OF MAJOR SILVER DISCOVERY
Hughes Silver Project
SUMMA SILVER CORP (CSE:SSVR | OTC:SSVRF | FRA:48X)
Summa Hughes Silver Project is first-class and it is in the world’s most supportive mining jurisdiction too.
It’s all about blue sky from here.
There’s a reason why successful entrepreneurs like Michael Konnert have been attracted to the Summa (CSE:SSVR, OTC:SSVRF, FRA:48X) board.
It’s also why famed Canadian billionaire Eric Sprott took part in the Summa (CSE:SSVR, OTC:SSVRF, FRA:48X) fundraises to exploit the huge potential across its portfolio.
Sprott, too, has a large stake in BlackRock Gold Corp (TSX.V:BRC), a small producer working just over the boundary line from Summa Silver Corp (CSE:SSVR, OTC:SSVRF, FRA:48X).
“ONCE BLACKROCK HIT ITS HOLE, WE REALLY STARTED LOOKING IN THAT AREA IN MUCH MORE DETAIL AND THOUGHT, OH, WOW, THERE’S VEINS HERE, THAT WE THINK WERE NEVER MINED. WHAT I TELL PEOPLE IS, HONESTLY, IF I HAD THAT GROUND, I WOULD PROBABLY DRILL THE SAME TARGETS.”
— GALEN MCNAMARA: CEO, SUMMA SILVER
BlackRock is working just 300 meters from the company’s property line.
Million-year-old silver ore veins don’t stop at land borders.
Underground, everything is connected.
DOWNLOAD OUR SPECIAL REPORT TO LEARN HOW SPECTACULAR LOCAL DRILL RESULTS HAVE GREATLY INCREASED SUMMA SILVER CORP’S (CSE:SSVR, OTC:SSVRF, FRA:48X) CONFIDENCE
Doubling down on its successful strategy at Mogollon, New Mexico – Summa Silver Corp acquires a second silver project
SUMMA SILVER CORP (CSE:SSVR | OTC:SSVRF | FRA:48X)
Silver prices remain near decade-highs against all the major currencies.
And demand is not just for silver bullion in international trading markets. The end uses for silver are growing too. According to the latest World Silver Survey, global industrial demand for silver has remained strong since hitting an all time high in 2017.
Flourishing growth in renewable energy applications like photovoltaic solar panels, silver-oxide batteries and silver-bearing sensors in IoT means the price outlook is extremely supportive for the next two decades and beyond.
And there’s even more.
Just days ago, Summa (CSE:SSVR, OTC:SSVRF, FRA:48X) signed an agreement to earn up to 100% interest in a dominant position in the historic Mogollon silver-gold mining district in southwestern New Mexico.
Applying its powerful 3D mapping technology to another forgotten, historic district?
Summa (CSE:SSVR, OTC:SSVRF, FRA:48X) is doubling down on its strategy based on the quality of historical data available:
“THE APPROACH HERE IS EXACTLY WHAT THIS CAMP HAS ALWAYS NEEDED. THE REASON IT’S POSSIBLE NOW IS THROUGH COMING UP WITH THE BEST TARGETS BASED ON HISTORICAL INFORMATION AND BEING AGGRESSIVE WITH THE DRILL BIT.”
— GALEN MCNAMARA: CEO, SUMMA SILVER
With the backing of $13 million raised in recent months, this is exactly what Summa (CSE:SSVR, OTC:SSVRF, FRA:48X) is now setting out to do.
Today, surprisingly, only 8.4% of the company’s share capital is in the hands of retail investors. As it embarks on its aggressive exploration plan and the news starts to flow, expect this to change…
With insiders rushing to lend their weight to this growth story, the time to be invested in Summa Silver Corp (CSE:SSVR, OTC:SSVRF, FRA:48X) is now.
EXCLUSIVE REPORT DOWNLOAD – FULLY-FUNDED FOR AN AGGRESSIVE DRILL CAMPAIGN, SUMMA SILVER CORP’S (CSE:SSVR, OTC:SSVRF, FRA:48X) HOT PURSUIT OF MAJOR SILVER DISCOVERY
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