Silver Mountain Resources Inc. is pleased to announce that the TSX Venture Exchange has accepted for listing 15,525,000 class A common share purchase warrants of the Company for trading on the TSXV. The Warrants were issued on February 9, 2023 pursuant to a prospectus supplement dated February 6, 2023, to the Company's final short form base shelf prospectus dated November 9, 2022, forming part of a bought deal offering of [...]
Highlights: Evidence for a porphyry copper system at depth found in an erosional window over an area of at least 2 x 1 km Large lithocap covering 7 x 3 km offers additional potential to explore for covered porphyry targets Silver Mountain Resources Inc. is pleased to report that a porphyry copper target has been recognized at the Yahuarcocha and Guanajato zones, within the Company's 20,000-ha Reliquias property block in [...]
Silver Mountain Resources Inc. , is pleased to announce that it has completed its previously announced bought deal prospectus offering of units of the Company with a syndicate of underwriters led by Sprott Capital Partners LP and Eight Capital, and including Canaccord Genuity Corp. and Research Capital Corp. . Pursuant to the Offering, Silver Mountain has issued an aggregate of 31,050,000 Units at a price of C$0.30 per [...]
Silver Mountain Resources Inc. , is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Sprott Capital Partners , in connection with a bought deal prospectus offering of 27,000,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of C$8,100,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase [...]
Highlights Underground drilling encountered high-grade silver-polymetallic intercepts in the Perseguida and Meteysaca vein and adjacent vein splays, including: 1.20m @ 331.67 g/t Ag, 1.74% Pb, 3.16% Zn, 0.31% Cu, and 1.34 g/t Au in the Perseguida vein, in drill hole SMR-60-22-PER, and 0.60m @ 281.00 g/t Ag, 1.60% Pb, 5.00% Zn, 0.48% Cu, and 0.32 g/t Au in the Meteysaca vein, in the same hole SMR-60-22-PER 0.50m @ 302.00 [...]
Highlights Underground drilling identified several high-grade silver-polymetallic intercepts in the Meteysaca vein and adjacent vein splays, including: 1.55m @ 812.7 g/t Ag, 0.75% Pb, 2.17% Zn, 0.27% Cu, and 0.36 g/t Au in the Meteysaca vein, in drill hole SMR-57-22-MTS, including 0.55m @ 2240.0 g/t Ag, 1.40% Pb, 4.80% Zn, 0.71% Cu, and 0.96 g/t Au 0.85m @ 434.8 g/t Ag, 1.28% Pb, 2.11% Zn, 0.13% Cu, and 0.29 g/t Au, in a [...]
Highlights Underground drilling returned high-grade silver-polymetallic intercepts in several veins, including: 1.55m @ 742.3 g/t Ag, 1.5% Pb, 1.4% Zn, 0.25% Cu, and 0.26 g/t Au in the Ayayay vein, in drill hole SMR-49-22-SCS 2.80m @ 108.8 g/t Ag, 3.3% Pb, 9.1% Zn, 1.02% Cu, and 0.27 g/t Au, in a splay of the Sorpresa vein, in hole SMR-30-22-SCS, and 1.35m @ 248.4 g/t Ag, 2.2% Pb, 3.7% Zn, 1.09% Cu, and 0.35 g/t Au, in [...]
Highlights: 2.87m @ 476 g/t Ag, 15.34 g/t Au, 5.71% Pb, 6.21% Zn, and 0.24% Cu 1.94m @ 544 g/t Ag, 1.62 g/t Au, 12.83% Pb, 18.26% Zn, and 1.62% Cu 1.16m @ 157 g/t Ag, 8.16 g/t Au, 7.67% Pb, 12.79% Zn, and 1.20% Cu Silver Mountain Resources Inc. is pleased to announce new results from underground channel sampling at the Reliquias silver mine in Huancavelica, central Peru. To complement the drill campaign and to facilitate [...]
Silver Mountain Resources Inc. is pleased to announce the filing of a National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant technical report on the El Milagro project . Situated approximately 40 km southeast of the Company's Reliquias concession block, the El Milagro project is straddling the boundary between the Huancavelica and Ayacucho regions of Peru. The El Milagro Technical Report has [...]