Welcome to our dedicated page for Silver Storm news (Ticker: SVRSF), a resource for investors and traders seeking the latest updates and insights on Silver Storm stock.
Silver Storm Mining Ltd. reports developments tied to its silver mining assets, led by the 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico. Company news commonly covers drilling at zones such as San Nicolas, mineralized vein and breccia systems, processing infrastructure, assay and metallurgical laboratory work, and rehabilitation activities at the past-producing complex.
Updates also include governance and leadership changes, operating and financial results, non-core royalty monetization, and technical disclosures reviewed under mining disclosure standards. The recurring news themes center on La Parrilla project execution, exploration results, processing capacity, and corporate actions supporting the company's mining portfolio.
Silver Storm Mining (SVRSF) has filed an NI 43-101 Technical Report for its 100% owned La Parrilla Silver Mine Complex in Durango, Mexico. The updated Mineral Resource estimate shows significant increases with a 107% rise in Indicated Mineral Resources to 10.8 Moz Ag.Eq and a 58% increase in Inferred Mineral Resources to 16.3 Moz Ag.Eq.
Key highlights include:
- Approximately 90% of Indicated and 85% of Inferred resources are sulphide mineralization
- Silver represents 66% of Indicated and 69% of Inferred resource value
- 23 additional mineralized structures identified
- Total all-in exploration cost of US$0.22/oz Ag.Eq discovered
The company also announced a shares-for-debt settlement agreement to issue 4,818,333 common shares at $0.12 per share to settle a $578,200 debt with a drilling service provider.
Silver Storm Mining has announced a significant update to their Mineral Resource estimate at the La Parrilla Silver Mine Complex in Durango, Mexico. The update shows a 107% increase in Indicated Mineral Resources to 10.8 Moz Ag.Eq and a 58% increase in Inferred Mineral Resources to 16.3 Moz Ag.Eq.
Key highlights include:
- Approximately 90% of Indicated and 85% of Inferred Resources are sulphide mineralization
- Silver represents 66% of Indicated and 69% of Inferred Resource value
- 23 additional mineralized structures have been modeled
- Total exploration cost of US$0.22/oz Ag.Eq discovered
The update incorporates 18,626 meters of underground drilling and shows improved grade and thickness at depth. The company completed an exhaustive reinterpretation of mineralized structures, resulting in a 74% increase in interpreted mineralization volume.
Silver Storm Mining has announced significant drill results from its Phase 2 diamond drilling program at the La Parrilla Silver Mine Complex in Durango, Mexico. Key findings include multiple high-grade intercepts within the C460 Zone, extending up to 138m beyond previously mined levels.
Notable results include:
- Hole Q-24-047: 1,335 g/t Ag.Eq over 3.68m within a broader interval of 618 g/t Ag.Eq over 18.04m
- Hole Q-24-049: 1,781 g/t Ag.Eq over 1.03m within 958 g/t Ag.Eq over 2.03m
- Hole Q-24-057: 696 g/t Ag.Eq over 2.02m within 396 g/t over 5.52m
The C460 Zone is a sulphide replacement vein with a known strike length of 425m, mineralized over a vertical extent of 570m, with thickness varying up to 8.5m. These results, combined with historical data, are expected to positively impact future Mineral Resources.
Silver Storm Mining has announced drill results from its Phase 2 diamond drilling program at the La Parrilla Silver Mine Complex in Durango, Mexico. The results come from 12 holes (1,502 metres) in the San Nicolas and C550 Zones within the Quebradillas mine.
Key highlights include:
- Hole Q-24-054: 535 g/t Ag.Eq over 2.50m within 302 g/t Ag.Eq over 7.00m
- Hole Q-24-065: 847 g/t Ag.Eq over 4.15m within 565 g/t Ag.Eq over 7.20m
- Q-24-063: 643 g/t Ag.Eq over 0.40m and 468 g/t Ag.Eq over 0.50m
The drilling has extended high-grade mineralization at San Nicolas up to 70m above the last mined stope and confirmed mineralization extends at least 40m beneath the last development. At C550, drilling identified a high-grade zone extending 77m below previous development and discovered new mineralization to the south.
Silver Storm Mining has announced significant drill results from its Phase 2 diamond drilling program at the La Parrilla Silver Mine Complex in Durango, Mexico. Key findings include high-grade intersections at the San Marcos Zone, with notable results such as 611 g/t Ag.Eq over 1.50m and 440 g/t Ag.Eq over 1.40m. The drilling has extended the high-grade replacement sulphide zone over a 34m strike length and 100m downdip below the last mine development. The results indicate wider mineralization at depth compared to previously mined horizons. Additional oxide mineralization was discovered in upper undeveloped levels, approximately 40m above last development and 95m below surface, suggesting potential for supplementing the oxide circuit in a restart scenario.
Silver Storm Mining has announced significant results from its Phase 2 diamond drill program at the La Parrilla Silver Mine Complex in Durango, Mexico. The company identified three high-grade zones in Central Rosarios spanning 275 meters and extending mineralization up to 148 meters below the last mined area.
Key highlights include hole RO-24-047 returning 584 g/t Ag.Eq over 1.81m within a broader interval of 338 g/t Ag.Eq over 4.23m. The three high-grade zones collectively span a strike length of 275m down to a depth of ~600m and remain open at depth. Additionally, Footwall sulphide zones approximately 60m south of the Rosarios Zone were intersected with significant silver equivalent grades.
Silver Storm Mining announced drill results from its Phase 2 diamond drilling program at La Parrilla Silver Mine Complex in Durango, Mexico. Key highlights include hole Q-24-040 returning 516 g/t Ag.Eq over 3.00 m within a broader interval of 302 g/t Ag.Eq over 15.00 m. The Norte-Sur Zone showed high-grade intercepts up to 180 m beyond the last mined levels. Hole Q-24-043 successfully intersected 287 g/t Ag.Eq over 6.60 m, demonstrating potential for resource expansion at depth.
Silver Storm Mining announces the resumption of trading on TSX-V on November 28, 2024, following the resolution of a cease trade order. The company completed its underground diamond drill program at La Parrilla Silver Complex in October 2024, with 18,682 metres drilled during Phase 1 & 2. Of these, 12,265 metres have been reported, with remaining 6,417 metres to be reported soon. SRK Canada has been engaged to prepare a Mineral Resource Update, targeted for January 2025. The company also announced its Annual Shareholders' Meeting for January 24, 2025.