Vancouver Summa Silver Corporation (TSXV: SSVR) (OTCQB: SSVRF) has provided an update on its exploration activities at its Mogollon Property, near Silver City, New Mexico.
According to the company, a second core drill rig is now in full operation at the Mogollon Property. Both rigs will test for unmined extensions of the Consolidated Mine, centred on the north-trending, epithermal-related, Queen Vein. Following encouraging visual observations from the first hole, which intersected a broad 50m zone of epithermal-related veining and brecciation with locally high concentrations of silver-bearing sulfide, the company believed a second drill was necessary to fully evaluate the potential of the target in a timely manner.
Drill holes, north and south of the Consolidated mine workings, will be on 50-100m centres designed to test the lateral and vertical continuity of vein and footwall hosted mineralization over strike-length of approximately 500m and a near-vertical, down-dip extent of over 300m, beginning at 130m below surface.
Galen McNamara, CEO, stated: “The arrival of a second rig at Mogollon is an important step towards executing our aggressive drilling plans in 2022. Our primary focus this year is to build ounces largely via step-out drilling into veins of proven high-grade silver and gold mineralization. As drilling progresses, we look forward to sharing progress updates and releasing assays in batches as we receive them.”
The 2,467-acre Mogollon Property is in the historically prolific Mogollon mining district of southwest New Mexico, approximately 120km north of Silver City. Numerous underground workings have exploited high-grade gold and silver veins from three primary mines: Fanney, Last Chance, and Consolidated.
Mining ceased in 1942 and the district has since been largely inactive besides a few explorations drill programmes in the 1980s and in 2010; totalling 15,600m. The property hosts approximately 34km of near-continuous epithermal-associated veins and faults, but only 1.7km of those veins and faults have been drill tested.
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