Soil And Geological Surveys Completed Across The High-Grade Silver-Gold Mogollon Project

Soil And Geological Surveys Completed Across The High-Grade Silver-Gold Mogollon Project

VANCOUVER – Summa Silver Corp. reported on the geological mapping and soil geochemical survey at its Mogollon Project, New Mexico. 1,680 soil samples were taken across the Northern Fannie and South Deadwood targets which are actively being tested in our current drill program. These samples were collected across the Mogollon Project and up to 2 km along strike from the Consolidated target which has yielded drill results including hole MOG22-05 which intersected 448 g/t AgEq over 31.0 m (129 g/t Ag, 3.88 g/t Au). Numerous multi-element soil anomalies are defined by high concentrations of arsenic, copper, and lead.

Both geological mapping and soil geochemical surveys are techniques in our exploration method designed to pinpoint drill targets and maximize our discovery efficiency.

Targets along the Queen Vein represents only 2.5% of the total vein and structure length on the project. The Company remains fully funded for its current drill program with ~$5 million in working capital.

Galen McNamara, CEO, said, “The completion of our soil geochemistry survey in conjunction with data from our geological mapping program represent an important step towards target development. These programs highlight our systematic approach to discovery and are instrumental in demonstrating the full potential of the Mogollon Project. For perspective, this project covers the most northern of the Mexican-style vein fields that have been so prolific in that country going back in some cases five-hundred years. In our case, this project remains vastly underexplored. Last year’s drilling at the Consolidated target, along the Queen Vein, proved that significant mineralization remains around the old mines of the Mogollon district. Our current drill program is actively testing these targets further to the south as we step out along a strike length of ~2 km and look to establish a sense of scale on the Queen Vein.”