Welcome to our dedicated page for Silver Hammer Mining news (Ticker: HAMRF), a resource for investors and traders seeking the latest updates and insights on Silver Hammer Mining stock.
Silver Hammer Mining Corp. reports exploration and project-development updates for a junior resource company focused on past-producing high-grade silver projects in the United States. Its news centers on the Silverton Silver Mine and Eliza Silver Project in Nevada, the Silver Strand Project in Idaho, and the Fahey Group Silver Project in Idaho's Silver Valley.
Recurring updates cover surface reconnaissance, geological data compilation, mapping and sampling, reverse-circulation drilling, assay results, mineralized structures, historical mine workings, and permitting for exploration plans. The company's portfolio provides exposure to silver, with additional copper and gold potential across its project areas.
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.
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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.
Silver Hammer Mining Corp. (CSE: HAMR/OTCQB: HAMRF) has announced high-grade drill results from the Silver Strand project in Idaho, revealing significant silver equivalent (AgEq) values from a 2002 drill campaign. Notable intercepts include 1,876 g/t AgEq over 1.6 m and 1,609 g/t AgEq over 1.5 m. The company plans to incorporate this data into its initial NI 43-101 mineral resource estimate, enhancing its value for shareholders. President Morgan Lekstrom emphasized the importance of these results, which demonstrate consistent high-grade mineralization beneath existing mine workings.
Silver Hammer Mining Corp. (CSE: HAMR/OTCQB: HAMRF) provided a corporate update on Jan. 19, 2022, highlighting achievements and future plans. In 2021, the company acquired high-grade past-producing properties, including the Silver Strand Mine, and completed a successful drilling campaign, revealing significant mineralization with up to 880 g/t AgEq. In 2022, it plans to advance underground drilling at Silver Strand and initiate new drilling at Eliza and Silverton. The company aims to establish itself as a multi-mine silver producer with ongoing exploration efforts in Idaho and Nevada.
Silver Hammer Mining Corp. (CSE: HAMR / OTCQB: HAMRF) announced positive results from its Phase I drilling at the Silver Strand Mine in Idaho. The drilling, the first in 20 years, confirmed significant gold and silver mineralization extending below previous mine workings. Key assay results include:
- SS21-004: 5.17 g/t Au and 18.07 g/t Ag over 1.24 m (535.07 g/t AgEq).
- SS21-005: 5.80 g/t Au and 13 g/t Ag over 1.83 m (593.93 g/t AgEq).
- SS21-007: 4.12 g/t Au and 130 g/t Ag over 1.53 m (542.00 g/t AgEq).
The company aims to deepen exploration efforts in 2022.