Summa Silver Corp. is pleased to announce that it has entered into an agreement with Research Capital Corporation and Eventus Capital Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents in connection with a brokered private placement of up to 12,500,000 units at a price of $0.40 per Unit, for aggregate gross proceeds of up to $5 million. Each Unit will be comprised of one common share of the [...]
Summa Silver Corp. is pleased to announce that it has established an "at-the-market" equity distribution program . The ATM Program allows Summa to issue and sell common shares in the capital of the Company that would have the aggregate sales amount of up to $5,000,000, to the public from time to time through Research Capital Corporation , acting as agent. Any Common Shares sold under the ATM Program will be sold at the [...]
Targets extend 4.2 km east from one of America's great silver districts where multiple holes have already intersected high-grade mineralization, Hughes Project, Nevada Summa Silver Corp. is pleased to provide an update on the highly-prospective eastern extension of the Tonopah Mining district at the Hughes Project near Tonopah, Nevada . Key Highlights : Eastern Extension of the Tonopah Mining District: Summa has made [...]
Targets are spread along 2 km of the heavily mineralized Queen vein Summa Silver Corp. is pleased to provide an update on drill planning for the Mogollon Project, New Mexico . Key Highlights : Known High-grade Mineralization: All targets along the Queen vein have previously been de-risked by reconnaissance-style and step-out drilling, highlighted by: 448 g/t AgEq* over 31 m 640 g/t AgEq over 9.9 m 433 g/t AgEq over 23.2 m [...]
Intersects 1,133 g/t silver equivalent* over 1.65 m in untested vein 200 m below the Eberle Mine Summa Silver Corp. is pleased to provide assay results from its final two drill holes completed during the winter drill program at the high-grade silver-gold Mogollon Project, New Mexico . Key Highlights Aggressive Step-Out Below the Eberle Mine: Strong mineralization was intersected 200 m below the Eberle Mine 1,133 g/t [...]
Summa Silver is pleased to announce, further to the Company's news release dated March 23, 2022 and March 16, 2023 and subject to final approval from the TSXV, the Company will issue an aggregate of 105,991 common shares pursuant to two previously entered into amended and restated mining lease agreements. The common shares are being issued at a deemed value of $0.3448 per common share, being the 20-day volume weighted [...]
1.4 km step-out hole on Queen Vein intersected 393 g/t Silver Equivalent* over 7.4 m Summa Silver Corp. is pleased to provide assay results from its first drill hole completed during the winter drill program at the high-grade silver-gold Mogollon Project, New Mexico . Key Highlights First hole at the South Queen target intersected multiple zones of strong epithermal-related silver-gold mineralization, highlighted by: 393 [...]
Results highlight numerous new target areas considered priority for extended exploration Summa Silver Corp. is pleased to report results from a geological mapping and soil geochemical survey at its 100% owned high-grade silver-gold Mogollon Project, New Mexico . Key Highlights Coverage across the Mogollon vein field: 1,680 soil samples were taken across the Northern Fannie and South Deadwood targets which are actively [...]
Summa Silver Corp. is pleased to announce the discovery of a new high-grade vein zone in final assay results from the recently completed drill program at the Hughes Project in Nevada . In addition, the Company has commenced its drill program at the Mogollon Project in New Mexico . Approximately 2,000 meters of drilling is planned across three new targets along the Queen Vein at the Mogollon Project. Hughes Project [...]
High Priority Targets Below and Along Strike from Proven Mineralized Zones Summa Silver Corp. is pleased to announce plans for a winter drill program at its Mogollon Project near Silver City, New Mexico . The program is scheduled to begin before the end of November and will consist of 1,500 to 2,000 meters of core drilling across three new targets along the Queen vein. Key Highlights High-Potential Targets: Drill holes [...]
Summa Silver Corp. is pleased to announce that it is completing all option payments to Allegiant Gold Ltd. for the Mogollon Project near Silver City, New Mexico to earn 100% ownership of the Project. Galen McNamara, CEO, stated: "Over the past three years, exploration results from Mogollon have shown that it has the potential to be one of the best silver and gold vein fields remaining in the United States. This is a [...]
Multiple zones open for expansion with high-priority drill targets emerging in one of America's most prolific historic silver districts Summa Silver Corp. is pleased to announce results from an ongoing data compilation and geologic modelling at the Hughes Project near Tonopah, Nevada , including historic underground rock sampling data. These data highlight the exploration potential of multiple, previously untested [...]
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