Silver Hammer Mining Corp Stock Price, News & Analysis

Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) has appointed Warwick Smith as Interim President and CEO, following Morgan Lekstrom's resignation. Smith, a longstanding advisor, emphasizes the company's strong position with cash and high-grade assets, anticipating assay results from the Silver Strand Project soon. He cites a queue of promising drill targets and potential joint ventures to enhance shareholder value. Smith brings valuable experience from previous executive roles, including CEO of America Pacific Mining Corp.

Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) announced significant soil sampling results at the Eliza Project, revealing anomalies extending beyond historical mine areas. A total of 518 samples showed silver grades ranging from below detection to 26.95 g/t, with 39 samples exceeding 1 g/t. Key areas include the Passynak, Belmont, and California mines, with a new Western Anomaly identified. The company emphasizes a modern exploration approach, aiming for cost-effective exploration while maintaining a robust treasury. Results suggest extensive mineralization potential.

Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) has successfully completed the first drillhole of its 11-hole Phase II diamond drill program at the Silver Strand Project in Idaho. This program aims to expand known silver-gold mineralization and explore new targets based on comprehensive surveys and previous drilling results. Approximately 1,100 meters of drilling is planned, with results anticipated in Q4/2022. The company, focusing on past-producing mines, believes the potential for new discoveries at Silver Strand is excellent.

Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) announced the initiation of an 11-hole Phase II diamond drill program at its Silver Strand Project in Idaho, set to commence by the end of July 2022. This program aims to expand the known silver-gold zone and investigate additional mineralized chutes, using data from previous explorations. The company has contracted Nasco Industrial Services for drilling operations and is also advancing exploration at its Eliza Project in Nevada with soil sampling results expected soon.

Silver Hammer Mining Corp. (CSE: HAMR/OTCQB: HAMRF) reported high-grade silver assay results from its Eliza Project in Nevada, alongside the acquisition of the strategic California Mine Patent claim. The recent sampling program yielded significant silver and base metal concentrations, including samples with up to 1,290 g/t silver. The company sees potential for further mineralization related to copper deposits. Ongoing field work includes soil sampling and planned geophysical surveys to define drilling targets for the project.

Silver Hammer Mining Corp. (CSE: HAMR/OTCQB: HAMRF) has received a two-year exploration permit from the BLM for its Silverton Silver Mine in Nevada, allowing for up to 13 drill sites and 8,530 feet of drilling. The permit, effective March 17, 2022, enables the company to explore areas around the historic high-grade mine, which has seen minimal modern exploration. CEO Morgan Lekstrom indicated that securing this permit is a significant step towards advancing their exploration efforts, enhancing their overall land package to 620 acres.

Silver Hammer Mining Corp. (CSE: HAMR/OTCQB: HAMRF) has announced updates on its Silver Strand and Silverton Projects. The company has refined its 3D model at Silver Strand and plans a Phase II drill campaign with 17 proposed drill holes totaling 2,200 meters to test mineral continuity. They are also preparing for a Phase II program in Q2 2022. Additionally, Silver Hammer applied for drill permits at the Silverton Project, aiming for completion by late Q2 2022. The company’s AGM is set for March 31, 2022, following the resignation of a board member.

Silver Hammer Mining Corp. (CSE: HAMR/OTCQB:HAMRF) has announced significant progress in its Silverton Project, having more than doubled the project area through the staking of additional claims. The project, located in Nevada, yielded rock samples with silver concentrations reaching up to 330 g/t. The newly added 19 claims (516 acres) aim to cover areas where historical mining has shown potential silver mineralization. Company plans include detailed fieldwork and potential drilling in the latter half of 2022, aiming to understand the mineralization controls further.