Silver Mountain Resources Inc. is pleased to report on the status of its exploration campaign at the Company's Reliquias silver mine in Huancavelica, central Peru. The main focus of the 2022 work program is the investigation of the Reliquias silver-polymetallic deposit from existing underground workings. Since the start of the drill campaign in April of this year, 69 drill holes with a total meterage of more than 16,500 m [...]
Highlights Drill results returned silver-polymetallic intercepts in the main Sacasipuedes and Matacaballo vein, and various intervals in the Ayayay and Sorpresa veins, including: 4.20m @ 117.3 g/t Ag, 1.5% Pb, 2.1% Zn, 1.08% Cu, and 0.04 g/t Au in Ayayay vein, in drill hole SMR-36-22-MTC 1.00m @ 80.7 g/t Ag, 2.2% Pb, 2.9% Zn, 0.43% Cu, and 2.56 g/t Au, in Sorpresa vein, in hole SMR-24-22-SCS, including 0.40m @ 155.0 g/t [...]
Silver Mountain Resources Inc. is pleased to announce that it has entered into a purchase agreement to acquire a 100% interest in the Lira de Plata project from Pan American Silver Corp. , which includes a package of 14 mining concessions. The agreement was reached with a local subsidiary of Pan American Silver , which held the mining title to the 14 claims covering a total area of 799.5078 ha. The Lira de Plata mining [...]
Highlights Drill results returned high grade silver-polymetallic intercepts of the Matacaballo vein, with more than one mineralized interval encountered in various drill holes, including: 6.60m @ 104.5 g/t Ag, 2.6% Pb, 2.5% Zn, 0.71% Cu, and 0.32 g/t Au, in Matacaballo vein, hole SMR-20-22-MTC, including 1.00m @ 231.0 g/t Ag, 7.1% Pb, 7.4% Zn, 2.31% Cu, and 0.30 g/t Au 5.00m @ 98.5 g/t Ag, 2.9% Pb, 3.7% Zn, 0.45% Cu, and [...]
Silver Mountain Resources Inc. is pleased to announce that Richard Contreras has been appointed to act as the Chief Operating Officer of the Company, effective October 24, 2022. Mr. Contreras is a mining engineer with more than 30 years of experience in the areas of underground operations, open pit, planning and projects. Mr. Contreras has experience in short, medium, and long term planning for underground mines and open [...]
Highlights: 0.85m @ 215 g/t Ag, 2.57 g/t Au, 2.54% Pb, 6.48% Zn, and 1.08% Cu 1.95m @ 178 g/t Ag, 0.31 g/t Au, 2.03% Pb, 3.60% Zn, and 0.35% Cu 0.90m @ 249 g/t Ag, 0.21 g/t Au, 3.06% Pb, 2.36% Zn, and 2.07% Cu Silver Mountain Resources Inc. is pleased to announce additional results from underground channel sampling at the Reliquias silver mine in Huancavelica, central Peru. Assays have been received for another 66 rock [...]
Highlights: 2.0 x 1.2 km-sized advanced argillic alteration zone with vuggy silica ledges Channel samples include: 2.10 m @ 1.53 g/t Au and 70.1 g/t Ag, 7.53 m @ 0.55 g/t Au and 30.5 g/t Ag 3.23 m @ 0.36 g/t Au and 123.4 g/t Ag Silver Mountain Resources Inc. is pleased to report that a high sulphidation epithermal gold-silver target has been recognized at the Pucasora zone, within the Company's 15000-ha Dorita property [...]
Silver Mountain Resources Inc. is pleased to announce that it has initiated the preparation of a technical report for its El Milagro project, which is to be prepared in compliance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects . The El Milagro project is situated approximately 40 km southeast of the Company´s Reliquias concession block, straddling the boundary between [...]
Silver Mountain Resources Inc. is pleased to announce that a team of engineers will arrive on Friday morning to site at the Company's Castrovirreyna Project in Huancavelica, Peru to commence the refurbishment activities at its 2,000tpd concentrator plant. The first stage of the refurbishment process will be mainly focussed in the crushing area, including the inspection, evaluation, and redesign of conveyor belts, chutes [...]
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