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. (HAMRF) generates news primarily through exploration updates, project acquisitions and corporate developments related to its silver-focused portfolio. The company describes itself as a junior resource company advancing past-producing high-grade silver projects in the United States, with additional exposure to gold and copper through its assets in Idaho, Nevada and British Columbia.
News releases frequently cover exploration activity at the Silverton Project in Nye County, Nevada, where Silver Hammer has completed surface mapping, sampling and reverse circulation drilling to test both a western silver-dominant system in silicified limestone and an eastern gold-dominant system in volcanic rocks. Updates from Silverton have included details on drill programs, alteration and silicification observed in drill holes, sampling campaigns, and the receipt of exploration drill permits and reclamation bonding.
Silver Hammer’s news flow also includes results and interpretations from drilling at the Silver Strand Project in the Coeur d'Alene Mining District in Idaho, where the company has tested gold-silver mineralization beneath and along strike from historical mine workings. These releases often discuss assay results, structural interpretations, host rock characteristics and the use of geophysical data to refine three-dimensional models and define new drill targets.
Additional company announcements address project-level transactions and corporate actions. Examples include an option agreement to acquire a 100% interest in the Fahey Group Property in the Silver Valley of Idaho, which is described as a strategically located and largely unexplored silver property, as well as board appointments, technical advisor engagements, stock option grants and share-based debt settlements. Investors following HAMRF news can expect regular updates on exploration programs, permitting milestones, property acquisitions and changes in the company’s technical and corporate leadership.
For those tracking Silver Hammer Mining Corp., the news stream provides ongoing context about how the company is advancing its silver projects, allocating exploration expenditures and managing its project pipeline across Idaho, Nevada and British Columbia.
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.
Silver Hammer Mining Corp. (CSE: HAMR, OTCQB: HAMRF) has announced high-grade silver assays from its initial sampling program at the Eliza Silver Project in Eastern Nevada. A total of 73 rock-chip samples were collected, confirming a silver-rich mineral system enriched with copper, lead, and zinc. The historic Passynak Mine, part of the Hamilton mining district, produced over 30 million ounces of silver. Future plans include using advanced technology to further explore the property and define drill targets for 2022.
Silver Hammer Mining Corp. (CSE: HAMR/OTC: HAMRF) announced promising sampling results from its Silverton Project in Nevada. The company collected 35 rock chip and 111 soil samples, revealing silver assays up to 692 g/t. The findings suggest the presence of a gold system alongside a silver-dominated mineral system. President & CEO Morgan Lekstrom expressed enthusiasm for these results and the potential for further exploration and drilling in 2022. The project could play a vital role in the company's aim to become a multi-mine silver producer.
Silver Hammer Mining Corp. (CSE: HAMR, OTCQB: HAMRF) has appointed Ron Burk, a geologist with over 30 years of experience, to its board of directors. Burk previously held senior roles at Centerra Gold and Silver Standard Resources, where he contributed to major mineral discoveries. President & CEO Morgan Lekstrom emphasized Burk's valuable expertise in advancing Silver Hammer's portfolio of high-potential silver assets in the western US, including the Silver Strand Mine in Idaho and projects in Nevada. The company is undertaking initial drilling to explore silver and gold mineralization below the Silver Strand mine.
Silver Hammer Mining Corp. has begun trading on the OTCQB under the symbol HAMRF effective October 29, 2021. This move aims to enhance accessibility for US investors, providing better trading conditions and timely financial disclosures. The company has filed an assessment report on the Lacy Project, which covers 590 hectares in British Columbia, revealing promising initial results of gold-silver mineralization. Silver Hammer is advancing its exploration activities with plans for further geophysics to identify drill targets over the next 6-12 months.
Silver Hammer Mining Corp. (CSE: HAMR) has announced the appointment of Morgan Lekstrom as CEO and Alnesh Mohan as Corporate Secretary, effective immediately. Morgan Lekstrom, previously the Company’s President, will lead the firm following the departure of Michael Dake, who served as CEO since 2017. Lekstrom expressed gratitude towards Dake for his leadership and emphasized a commitment to advancing their US silver assets. The Company is also initiating an initial drill program at the Silver Strand Mine, aiming to enhance its position as a multi-mine silver producer.
Silver Hammer Mining Corp. (CSE: HAMR / OTC: HAMRF) has commenced Phase I drilling at the Silver Strand Mine in Idaho. This phase includes both underground and shallow surface drilling to assess the vein structure and support future exploration. The drilling aims to gather key data on the veins' depth and lateral expansions, assisting in resource estimation. The project's expedited permissions and innovative drilling methods aim to optimize return on investment. Early drilling has already confirmed the presence of a vein, enhancing exploratory prospects for Silver Hammer.
FAQ
What is the current stock price of Silver Hammer Mining (HAMRF)?
What is the market cap of Silver Hammer Mining (HAMRF)?
