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 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.
Silver Hammer Mining Corp. (CSE: HAMR / OTC: HAMRF) announced the acquisition of 52 new claims at its Eliza Silver Project in Nevada, increasing its land package to 88 claims over 5.52 square kilometers. The historic Hamilton District has produced 40 million ounces of silver with high-grade ore samples historically reaching up to 25,000 g/t. The company plans to initiate a comprehensive exploration program in early 2022. Additionally, surface sampling at the Silverton Mine confirmed gold mineralization with a notable sample of 6.1 g/t. David Grandy also stepped down as a director.