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
Silver Storm Announces 107% Increase in Indicated Mineral Resources at La Parrilla
Toronto, Ontario, February 11, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce the results of an updated Mineral Resource estimate (“Updated Mineral Resource Estimate”) reported in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) for the Company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico. The Updated Mineral Resource Estimate was completed by David F. Machuca-Mory, PhD, PEng, of SRK Consulting (Canada) Inc. (“SRK”).
Highlights of the Updated Mineral Resource Estimate include:
107% increase in Indicated Mineral Resources, from 5.2 Moz Ag.Eq12 in the 2023 Mineral Resource Statement to 10.8 Moz Ag.Eq
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
Greg McKenzie, President and CEO, commented, “We are incredibly pleased with this latest resource update. We achieved a material 107% increase in Indicated Resources and there was also a significant increase in Inferred Resources at La Parrilla. With further drilling, we would expect to maintain a continued conversion rate. The Company is now very well positioned, having a fully permitted silver mine complex, with a sizable Mineral Resource endowment that could potentially feed the La Parrilla processing plant for several years.
Our sizable Mineral Resource growth in both classification categories is a testament to the hard work and dedication of the team including Will Ansley, COO and Bruce Robbins, P.Geo, our exploration personnel, operating employees and drilling contractor. Silver Storm completed 18,626 metres (“m”) of underground drilling, demonstrating that the previously mined zones continue down plunge and in certain cases even show improved grade and thickness at depth. This significant growth in Mineral Resources enhances the potential of our project, supports our goal to restart the mine and join the exclusive rank of silver producers.”
Silver Storm Closes Final Tranche of Financing Raising an Aggregate of $3.9 Million
Toronto, Ontario, February 6, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | FSE: SVR), is pleased to announce that it has closed the final tranche (the “Final Tranche”) of its non-brokered private placement offering (the “Offering”) of units of the Company (each, a “Unit”) which was initially announced on December 5, 2024. Under the Final Tranche of the Offering, 5,043,335 Units were issued at a price of $0.09 per Unit for aggregate gross proceeds of $453,900.18. Under the Offering, the Company issued an aggregate of 43,333,334 Units raising total gross proceeds of $3,900,000.06.
Silver Storm Closes Additional Tranche of its Non-Brokered Private Placement Offering including Participation by First Majestic Silver Corp.
Toronto, Ontario, February 3, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | FSE: SVR), is pleased to announce that on January 30, 2025, the Company closed an additional tranche (“Tranche”) of the non-brokered private placement offering (the “Offering”) of units (each, a “Unit”) previously announced on December 5, 2024. Under this Tranche of the Offering, 23,951,999 Units were issued at a price of $0.09 per Unit for aggregate gross proceeds of $2,155,680. This Tranche included a $1,500,000 investment from current significant shareholder First Majestic Silver Corp. (“FM”). In total under the Offering, the Company raised total gross proceeds of $3,446,100.
Silver Storm Upsizes Private Placement Offering for up to $3.5 million Including Investment by Significant Shareholder First Majestic Silver
Toronto, Ontario, January 23, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | FSE: SVR), is pleased to announce that it is increasing the size of the previously announced non-brokered private placement offering (the “Offering”) of units of the Company (each, a “Unit”) for gross proceeds of up to $3,500,000.01 at a price of $0.09 per Unit subject to approval from the TSX Venture Exchange (the “TSXV”). The Offering will include an investment of $1.5 million from current significant shareholder First Majestic Silver Corp. (“FM”). See previous news releases dated December 5, 2024, December 19, 2024, January 6, 2025, January 9, 2025, and January 16, 2025, for further details of the Offering. To date under the Offering, the Company has raised gross proceeds of $1,290,420.
Silver Storm Closes Third Tranche of Its Non-Brokered Private Placement Offering including Participation by Eric Sprott, and Engagement of Whittle Consulting
Toronto, Ontario, January 17, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | FSE: SVR), is pleased to announce that on January 16, 2025, it closed the third tranche (the “Third Tranche”) of its non-brokered private placement offering (the “Offering”) of units of the Company (each, a “Unit”) previously announced on December 5, 2024. Under the Third Tranche of the Offering, 8,716,667 Units were issued at a price of $0.09 per Unit for aggregate gross proceeds of $784,500.03. The Third Tranche included a $500,000 investment from current significant shareholder Eric Sprott. To date under the Offering, the Company has raised total gross proceeds of $1,290,420.
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”).
Silver Storm drills 847 g/t Ag.Eq over 4.2 m within a broader interval of 565 g/t Ag.Eq over 7.2 m in c550 and535 g/t Ag.Eq over 2.5 m in San Nicolas, extending both zones
Toronto, Ontario, January 6, 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 12 holes (1,502 metres (“m”)) contained within this release are from the San Nicolas and C550 Zones, within the Quebradillas mine. The Company also announces the closing of the second tranche (the “Second Tranche”) of its non-brokered private placement offering (the “Offering”) of units of the Company (each, a “Unit”) previously announced on December 5, 2024.