Announcement Date: 2022-07-19
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Silver Mountain Resources Inc.
Project name: Reliquias
Location: Peru
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 9.2m @ 0.13g/t Au, 51.9g/t Ag, 0.87% Pb, 0.41% Cu, 1.42% Zn from 211.85m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, July 19, 2022 /CNW/ – Silver Mountain Resources Inc. (“Silver Mountain”, “AGMR” or the “Company”) is pleased to provide an update on its underground drilling at the Reliquias silver mine in Huancavelica, central Peru. The main objective of the 12,000m program is to establish a National Instrument 43-101 – Standard of Disclosure for Mineral Projects (“NI 43-101”) compliant mineral resources in H1 2023 that will form the basis of our production decision in H2 2023. In addition, the Company aims to better characterize and extend the known silver-rich zones at depth The drilling program is fully funded, with two rigs operating 24 hours per day. 32 holes have been completed to date, with results of 12 holes drilled to test the Matacaballo and Sacasipuedes veins included in this release (Table 1). Figure1: Plan view of underground drilling program at the Reliquias silver mine, showing traces of drill holes completed to date (in blue) as well as the subsequently programmed bore holes. Additionally, underground workings, main mineralized veins, and drill platforms are displayed. Inset map shows Reliquias property block with locations of both silver mines and the processing plant (CNW Group/Silver Mountain Resources Inc.)
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