Silver Storm Files NI 43-101 Technical Report for the La Parrilla Silver Mine Complex, Durango State, Mexico
Toronto, Ontario, March 24, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce that it has filed an independent National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) Technical Report titled “Independent Technical Report for the La Parrilla Silver Mine, Durango State, Mexico” with an effective date of December 31, 2024 (the “Technical Report”). The Technical Report updates the Mineral Resource estimate at the Company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico.
The Technical Report was prepared by SRK Consulting (Canada) Inc. and can be found for review under the Company's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.silverstorm.ca).
A summary of the Technical Report was detailed in a news release dated February 11, 2025 entitled "Silver Storm Announces 107% Increase in Indicated Mineral Resources at La Parrilla."
Highlights of the Updated Mineral Resource Estimate include:
107% increase in Indicated Mineral Resources, from 5.2 Moz Ag.Eq in the 2023 Mineral Resource Statement to 10.8 Moz Ag.Eq1
58% increase of Inferred Mineral Resources, from 10.3 Moz Ag.Eq in the 2023 Mineral Resource Statement to 16.3 Moz Ag.Eq
Approximately 90% of the Indicated and 85% of the Inferred Mineral Resource tonnage is sulphide mineralization; 10% of the Indicated and 15% of the Inferred Mineral Resource tonnage is oxide mineralization
Silver dominant: 66% of the Indicated and 69% of the Inferred Updated Mineral Resource gross metal value is derived from silver
23 additional mineralized structures have been modelled, including several that were previously mined by the former operator, with significant upside potential
Total all-in exploration cost of US$0.22/oz Ag.Eq discovered
