Vancouver, British Columbia, March 4, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR / OTCQB: HAMRF) (“Silver Hammer” or “Company”) We are pleased to be able to provide up-to-date information on the targeting and licensing work underway at our Silverstrand and Silverton projects, respectively.
The company is updating and improving 3D models in its flagship Silverstrand project for Phase II drill campaigns designed to test continuity from dips up to 220 meters below existing mining operations and even 165 meters below. Proposed a series of drill holes. Phase I drilling (see Figure 1).
The company also continues to evaluate shallow targets along the 5.5-kilometer strike of the Silver Hammer, and important gold and silver surface samples were obtained during the successful fieldwork in 2021. We are in active discussion with local contractors and plan to launch the Phase II program during the second quarter of 2022.
The graphics accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/334667ae-ada0-405b-a6d5-94390c392a9c.
* The proposed holes shown in the figure correspond to up to 17 drill holes totaling 2200 meters. Silver Hammer will drill a subset of the proposed hotels during the Phase II program.
Finally, we have applied for several drilling permits for the Silverton Project in Nevada, which we plan to obtain by the end of the second quarter of 2022. Recent sampling and mapping highlighted the interpreted extension of known surface mineralization to the southwest under a shallow cover. And it prompted additional staking to expand the properties. (See the press release dated February 16, 2022 for more information).
We also announced that a shareholders’ meeting (“AGM”) is scheduled for Thursday, March 31, 2022 at McMillan LLP’s office in Suite 1500, West Georgia Street 1055, Vancouver, British Columbia. AGM’s power of attorney has been submitted to SEDAR and, among other general matters, includes the appointment of directors. As of March 3, 2022, Mr. Dake has resigned from the Company’s board of directors in pursuit of other interests and no elections are scheduled at AGM.
We would like to thank Mr. Dake for contributing to us as one of the former members of our board of directors.
Morgan Lextrom, President and Chief Executive Officer of Silver Hammer, said: Our successful 2021 is aggressively moving towards a Phase II program at Silverstrand, while at the same time targeting and permitting at Silverton. “
Lekstrom goes on to say, “We would like to thank Michael Dake, the first director of Lakewood Exploration, for his recent progress and the transition to Silver Hammer Mining, and hope to do his best in his future efforts. “
The technical aspects of this press release are Philip Mulholland, P. Geo, a Qualified Person (QP) designated under National Instrument 43-101. Reviewed and approved by.
About Silver Hammer Mining Co., Ltd.
Silver Hammer Mining Corp. is a junior resource company that promotes both the previously produced flagship Silver Strand Mine in the Coeur d’Alene Mining District, Idaho, USA, and one of the world’s best, the Eliza Silver Project and Silvertron Silver Mine. am. Nevada’s prolific mining jurisdiction and the Lacy Gold Project in British Columbia, Canada. We have started our first drill program at Silver Strand. The program tests the mineralization of silver and gold just below the lowest levels of mines just 90 meters below the surface. Silverhammer aims to be a Multimine Silver Producer, focusing on short-term exploration and drilling programs at Silver Gold assets in Idaho and Nevada.
(Mineralization hosted on adjacent and / or neighboring properties does not necessarily indicate mineralization hosted on company properties.)
On behalf of the Board of Directors of Silver Hammer Mining Corporation
President and Chief Executive Officer, Morgan Lextrom
Headquarters: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
For inquiries regarding public relations for investors, please contact the following.
Kristina Pillon, High Tide Consulting Corp.
For media inquiries, please contact:
Primoris Group Inc., Adam Bello
CSE is not responsible for the validity or accuracy of this release.
The Canadian Stock Exchange has not endorsed or denied the content of this press release.
CBJ News Maker
Silver Hammer provides drill targets, permits and AGM details, and the latest information on the Canadian Business Journal.
Source link Silver Hammer provides drill targets, permits and AGM details, and the latest information on the Canadian Business Journal.