Silver Storm drills 1,335 g/t Ag.Eq over 3.7 m within broader interval of 618 g/t Ag.Eq over 18 m in C460 zone and extends high-grade zone 138 m at depth
Toronto, Ontario, January 9, 2025: 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 10 holes (1,406 metres (“m”)) contained within this release are from the C460 Zone, within the Quebradillas mine. The Company also provides an update on its non-brokered private placement offering (the “Offering”).
An overview video on the La Parrilla Project is available at: www.youtube.com/watch?v=dybgKXcGrYo
Key highlights include:
Numerous high-grade intercepts were encountered within the C460 Zone up to 138 m beyond the last mined levels where the following channel samples and mining widths were observed (Figures 2 & 3):
1767 EL graded 974 g/t Ag.Eq1 over a strike length of 23 m and an average width of 2.9 m.
1743 EL graded 552 g/t Ag.Eq over a strike length of 50 m and an average width of 1.4 m.
1740 EL graded 928 g/t Ag.Eq over a strike length of 31 m and an average width of 1.9 m.
1725 EL graded 780 g/t Ag.Eq over a strike length of 43 m and an average width of 1.8 m.
The current drill results, when combined with historical holes drilled by First Majestic Silver Corp., are expected to have a positive impact on future Mineral Resources.
Hole Q-24-047 successfully returned 1,335 g/t Ag.Eq over 3.68 m, 1,569 g/t Ag.Eq over 2.10 m, and 913 g/t Ag.Eq over 2.55 m within a broader interval of 618 g/t Ag.Eq over 18.04 m approximately 20 m down dip from the 1725 EL stope, and 25 m down dip from hole Q-23-023 which returned 347 g/t Ag.Eq over 9.65 m.
Hole Q-24-049 returned 1,781 g/t Ag.Eq over 1.03 m within a broader interval of 958 g/t Ag.Eq over 2.03 m, and 549 g/t Ag.Eq over 0.44 m and 680 g/t Ag.Eq over 0.42 m within a broader interval of 322 g/t Ag.Eq over 1.70 m, approximately 25 m down dip from the 1743 EL stope.
Hole Q-24-048 returned 457 g/t Ag.Eq over 0.90 m and 439 g/t Ag.Eq over 1.35 m approximately 37 m down dip from the 1740 EL stope and 24 m up dip and to the north of Q-24-047.
Hole Q-24-053 returned 759 g/t Ag.Eq over 2.00 m within a broader interval of 380 g/t Ag.Eq over 7.00 m approximately 67 m down dip from the 1725 EL stope.
Hole Q-24-057 returned 696 g/t Ag.Eq over 2.02 m within a broader interval of 396 g/t over 5.52 m approximately 50 m down dip and south of hole Q-23-022A which returned 2,361 g/t Ag.Eq over 2.60 m and 1,266 g/t Ag.Eq over 2.15 m within a broader interval of 911 g/t Ag.Eq over 13.05 m. This intercept is located approximately 138 m down dip from the 1767 EL stope where the composited weighted average grades from historical channel samples, which are representative of the mineralization mined from this area, returned 974 g/t Ag.Eq over a strike length of 23 m and an average width of 2.9 m.
Greg McKenzie, President and CEO, commented: “The C460 Zone drill results reported today are indicative of the importance of this zone in a restart of operations. Hole Q-24-057 returned 696 g/t Ag.Eq over 2.02 m approximately 138 m below the 1767 EL stope, combined with previously reported holes Q-23-020 grading 1,810 g/t Ag.Eq over 14.6 m and Q-23-022A grading 911 g/t Ag.Eq over 13.05 m, also beneath the 1767 EL stope, demonstrate the high-grade potential of this undeveloped 138 m section of the southern C460 Zone. Our excellent follow-up high-grade drill results to date, which are in proximity to previous production stopes with high-grade historical channel samples, shows the potential for expansion of high-grade mining in C460.”
