Silver Storm Confirms100 Metre High-Grade Depth Extension in San Marcos
Toronto, Ontario, December 16, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce further drill results from its Phase 2 diamond drilling program at the Company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico. Results from the 9 holes (947 metres (“m”)) contained within this release are from the San Marcos Mine.
An overview video on the La Parrilla Project is available at www.youtube.com/watch?v=dybgKXcGrYo
Key highlights include:
SM-24-019 returned 611 g/t Ag.Eq over 1.50 m and SM-24-018 returned 440 g/t Ag.Eq1 over 1.40 m, 576 g/t Ag.Eq over 1.00 m, and 558 g/t Ag.Eq over 2.00 m within a broader interval of 298 g/t Ag.Eq over 8.60 m.
Collectively, SM-24-010, 011, 018, and 019 have extended the high-grade replacement sulphide zone over a minimum strike length of 34 m and 100 m downdip below the last mine development in this area where historical channel samples (within the mined stope) returned 597 g/t Ag.Eq over a strike length of 33 m and average width of 2.37 m.
Results from these holes indicate mineralization has become wider, below previous mined horizons.
M-24-020 returned 483 g/t Ag.Eq over 0.73 m within a broader interval of 173 g/t Ag.Eq over 3.78 m, SM-24-021 returned 197 g/t Ag.Eq over 0.53 m and 177 g/t Ag.Eq over 1.05 m, and SM-24-022 returned 187 g/t Ag.Eq over 1.77 m.
These infill holes confirm the potential within the previously reported 77 m extension of the oxide mineralization to the south-southeast from the last mine development in holes SM-24-014 (204 g/t Ag.Eq over 1.00 m), SM-24-012 (503 g/t Ag.Eq over 0.49 m and 141 g/t Ag.Eq over 1.21 m), and SM-24-008 (182 g/t Ag.Eq over 0.76 m).
Hole SM-24-024 returned 322 g/t Ag.Eq over 0.50 m, 220 g/t Ag.Eq over 1.45 m, and 211 g/t Ag.Eq over 1.60 m. SM-24-025 returned 190 g/t Ag.Eq over 2.20 m. SM-24-026 returned 155 g/t Ag.Eq over 1.76 m, 254 g/t Ag.Eq over 0.54 m, and 396 g/t Ag.Eq over 0.50 m.
These holes were drilled to test oxide mineralization in the upper undeveloped levels of the San Marcos Zone, located approximately 40 m above the last development in this area and 95 m below surface. These results confirm the potential of the upper near surface levels of the mine at the southern limit of development where the San Marcos Zone remains open to the south.
Greg McKenzie, President and CEO, commented: “We are pleased with the infill drill results confirming the extension of the high-grade sulphide zone 100 m below the last mined stope in the San Marcos mine. Results from the four holes in this area indicate that mineralization is becoming wider at depth than the previously mined horizons. It is also important to recognize that additional oxide mineralization was successfully intersected, these areas are close to surface or mine development and could be used to supplement the oxide circuit in a potential restart scenario.”
