Silver Storm Drills 516 g/t Ag.Eq Over 3 m Within Broader Interval of 302 g/t Ag.Eq Over 15 m in Norte-Sur and Extends High-Grade Zone 180 m at Depth
Toronto, Ontario, December 2, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce 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 5 holes (1,182 metres (“m”)) contained within this release are from the Norte-Sur Zone, within the Quebradillas mine.
Key highlights include:
Numerous high-grade intercepts were encountered within the Norte-Sur Zone up to 180 m beyond the last mined levels where the following channel samples and mining widths were observed (Figures 2 & 3):
1749 EL graded 358 g/t Ag.Eq1 over a strike length of 51 m and an average width of 3.6 m
1737 EL graded 407 g/t Ag.Eq over a strike length of 28 m and an average width of 3.2 m; however, FM had only mined ~50% of this stope when the operation was placed on care & maintenance
The current drill results, when combined with historical holes drilled by First Majestic (“FM”), are expected to have a positive impact on future Mineral Resources.
Hole Q-24-040 successfully returned 516 g/t Ag.Eq over 3.00 m, 406 g/t Ag.Eq over 0.50 m, and 592 g/t Ag.Eq over 1.00 m within a broader interval of 302 g/t Ag.Eq over 15.00 m.
Hole Q-24-041 intersected 356 g/t Ag.Eq over 1.55 m at the previously interpreted northwestern boundary of the Norte-Sur Zone which highlights the potential for expansion of the zone along strike in this direction.
Hole Q-24-042 returned 299 g/t Ag.Eq over 4.30 m including 914 g/t Ag.Eq over 0.50 m and 655 g/t Ag.Eq over 0.60 m. Prior to reaching the Norte-Sur target, this hole intersected 4.50 g/t Au over 1.00 m. Another gold-rich zone was also intersected further down the hole returning 4.56 g/t Au over 1.39 m.
Hole Q-24-043 successfully intersected 287 g/t Ag.Eq over 6.60 m, including 523 g/t Ag.Eq over 1.58 m and 397 g/t Ag.Eq over 1.00 m and 491 g/t Ag.Eq over 0.55 m. These high-grade intersections, located approximately 180 m below the last mined area within the Norte-Sur Zone, demonstrate the potential for resource expansion at depth.
